BIG U.S. BANKS CONFIRMED AS CRIMINAL ENTERPRISES

chrisstory

WACHOVIA WANTED TO SUE US FOR LABELLING IT A CRIMINAL ENTERPRISE

Thursday 1 July 2010 00:01

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‘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.

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NEW REPORT STARTS HERE:
Note: Nothing should be construed from the fact that this report is about the criminal banks engaged in drug-money laundering, and not about the usual subject. We haven’t enough reliable material to elaborate further, yet, following the end of the abortive G-20 meeting in Toronto.

The following banks and currency exchanges are mentioned in this report:

American Express Bank International
Banco Santander SA
Bank of America
Casa de Cambio Puebla SA
Citigroup, Inc.
HSBC Holdings, London and Mexico
Mexican street currency-exchange firms [3,000]
Standard Chartered PLC, London
Wachovia, including London
Wells Fargo
Western Union

WACHOVIA, WELLS FARGO, BANK OF AMERICA ARE CRIMINAL ENTERPRISES, LIKE WE SAID
Some time ago, we learned that Wachovia had consulted its lawyers to establish whether they could sue us for describing the bank, among others, as a criminal enterprise. Their lawyers are believed to have advised them, in so many words, that, not least given investigative journalistic freedom of speech considerations, our observations represented ‘fair comment’. Behind that advice lay the knowledge that since Wachovia was involved in money laundering drug money, we might well know this and be able to prove it. So the matter was dropped.

As the entire ‘Black’ Octopus criminal carousel unravels faster than the kleptocracy can keep up with events, other sources are now starting to do our exposure work for us. Late in the day, as usual: but better late than never. We therefore take the opportunity to post, verbatim, the following article by Michael Smith for Bloomberg, which of course proves our point. Wachovia, Wells Fargo and Bank of America, for starters, are egregious criminal enterprises. Money laundering of drug proceeds is an unspeakable crime and the most senior officials of these institutions should be arrested and forced to suffer SEVERE consequences. But that isn’t happening.

‘MAINSTREAM’ MEDIA CONTINUE TO IGNORE THE CENTRAL ISSUE: RAMPANT CRIMINALITY
We are sick and tired of the way the so-called ‘mainstream’ media are waffling about every nuance under the sun and OMITTING the central issue: RAMPANT CRIMINALITY and the banks’ open-ended breaches of the law, and their arrogance based on fears that they might collapse.

Securitisation is ILLEGAL in the United States and in all Common Law countries, as we have demonstrated and proved with the aid of impeccable outside academic research. Yet there has been NO RESPONSE TO OUR EXPOSURE OF THIS FLOUTING OF THE RULE OF LAW, EITHER.

The following Bloomberg report indicates that, at long last, some ‘mainstream’ reporters have managed to lift themselves off their brains and to start exposing the truth. Separately, we have been exposing drug-trafficking operations in our title The Latin American Times, and continue to do so. You may also be interested to know that before his ‘switch’, following the ‘bait’ during which he stole the Editor’s $35,000 LOAN which should have been repaid at arms’ length plus 7% per annum for two years, on 11th June 2007, Wanta told the Editor: ‘If you expose the drug traffickers, they will kill you’. We listed that threat among the 37 threats against the Editor so far received.

THE BLOOMBERG REPORT STARTS HERE:
[Note: With interpolations by the Editor].

U.S. BANKS FINANCING MEXICO DRUG GANGS ADMITTED IN WELLS FARGO DEAL
By Michael Smith

June 29 (Bloomberg) — Just before sunset on April 10, 2006, a DC-9 jet landed at the international airport in the port city of Ciudad del Carmen, 500 miles east of Mexico City. As soldiers on the ground approached the plane, the crew tried to shoo them away, saying there was a dangerous oil leak. So the troops grew suspicious and searched the jet.

They found 128 black suitcases, packed with 5.7 tons of cocaine, valued at $100 million. The stash was supposed to have been delivered from Caracas to drug traffickers in Toluca, near Mexico City, Mexican prosecutors later found. Law enforcement officials also discovered something else.

The smugglers had bought the DC-9 with laundered funds they transferred through two of the biggest banks in the U.S.: Wachovia Corp. and Bank of America Corp., Bloomberg Markets magazine reports in its August 2010 issue.

This was no isolated incident. Wachovia, it turns out, had made a habit of helping move money for Mexican drug smugglers. Wells Fargo & Co., which bought Wachovia in 2008, has admitted in court that its unit failed to monitor and report suspected money laundering by narcotics traffickers — including the cash used to buy four planes that shipped a total of 22 tons of cocaine.

The admission came in an agreement that Charlotte, North Carolina-based Wachovia struck with federal prosecutors in March, and it sheds light on the largely undocumented role of U.S. banks in contributing to the violent drug trade that has convulsed Mexico for the past four years.

BLATANT DISREGARD FOR THE RULE OF LAW AND BASIC MORALITY
Wachovia admitted it didn’t do enough to spot illicit funds in handling $378.4 billion for Mexican-currency-exchange houses from 2004 to 2007. That’s the largest violation of the Bank Secrecy Act, an anti-money-laundering law, in U.S. history — a sum equal to one-third of Mexico’s current gross domestic product.

“Wachovia’s blatant disregard for our banking laws gave international cocaine cartels a virtual carte blanche to finance their operations”, says Jeffrey Sloman, the Federal Prosecutor who handled the case.

Since 2006, more than 22,000 people have been killed in drug-related battles that have raged mostly along the 2,000-mile (3,200-kilometer) border that Mexico shares with the U.S. In the Mexican city of Ciudad Juarez, just across the border from El Paso, Texas, 700 people had been murdered this year as of mid- June. Six Juarez police officers were slaughtered by automatic weapons fire in a midday ambush in April.

Rondolfo Torre, the leading candidate for governor in the Mexican border state of Tamaulipas, was gunned down yesterday, less than a week before elections in which violence related to drug trafficking was a central issue.

45000 MEXICAN TROOPS DEPLOYED AGAINST THE CARTELS
Mexican President Felipe Calderon vowed to crush the drug cartels when he took office in December 2006, and he’s since deployed 45,000 troops to fight the cartels.

They’ve had little success.

Among the dead are police, soldiers, journalists and ordinary citizens. The United States has ‘pledged’ Mexico $1.1 billion in the past two years to aid in the fight against narcotics cartels.

[EDITOR’S INSERT: This is absurd. Under the standard double-mindedness, dialectical non-ethic that characterises the criminalist behaviour of elements of the US Government, law enforcement and the Drug Enforcement Administration battle valiantly against the proliferation of Mexican drug gangs, which now operate in every corner of the United States. Meanwhile, the drug offensive was organised and orchestrated by CIA operatives in Latin America in the 1970s and 1980s, aided by Israeli ‘Black’ intelligence headed by David Kimche (who died of brain cancer on 8th March 2010) and Michael Harari. Their involvement is proven by the Cutolo Affidavit dated 11th March 1980.

The military officer (Cutolo) was subsequently murdered, along with ‘Bo’ Baker and others because of their knowledge inter alia of this criminal activity. The barrels of precursor chemicals found in the forests fo Colombia and elsewhere did not materialse from nowhere. The ‘Anglo-Saxons’ and their nefarious Israeli cutouts took over and organised the disparate competing Latin American gangs, establishing a self-perpetuating scoourge run by peasant criminals: a perfect cut-out.

Incidentally, after David Kimche died, The Daily Telegraph boobed by publishing a photograph in which he was shown (engaged in negotiations with the Lebanese in 1972) but wrongly attributed. We have published a recent issue of Arab-Asian Affairs (which title we bought unknowingly from Kimche’s brother, Jon Kimche, in 1975). Jon Kimche used to come to our office, as he continued for a time as Editor (until he doubled his price, whereupon we fired him). We are therefore familiar with the facial characteristics of the Kimche brothers. Investigations by this service revealed that ALL picture representations of David Kimche published in The Jerusalem Post, Haaretz, The Daily Telegraph, The Times and US newspapers have been FRAUDULENT all along.

They have all identified several individuals wrongly as David Kimche and continue to do so after his death. Why? To protect ongoing and past, highly incriminating and sensitive drug operations].

In May, President Barack Obama said he’d send 1,200 National Guard troops, adding to the 17,400 agents on the U.S. side of the border to help stem drug traffic and illegal immigration.

Behind the carnage in Mexico is an industry that supplies hundreds of tons of cocaine, heroin, marijuana and methamphetamines to Americans. The cartels have built a network of dealers in 231 U.S. cities, taking in about $39 billion in sales annually, according to the Justice Department.

ITS THE CRIMINAL BANKS THAT SHOULD BE PROSECUTED AND MADE TO SUFFER
Twenty million people in the U.S. regularly use illegal drugs, spurring street crime and wrecking families. Narcotics cost the U.S. economy $215 billion a year — enough to cover health care for 30.9 million Americans — in overburdened courts, prisons and hospitals and lost productivity.

“It’s the banks laundering money for the cartels that finances the tragedy”, says Martin Woods, Director of Wachovia’s anti-money-laundering unit in London from 2006 to 2009.

• Woods says he quit the bank in disgust after executives ignored his documentation that drug dealers were funneling money through Wachovia’s branch network.

“If you don’t see the correlation between the money laundering by banks and the 22,000 people killed in Mexico, you’re missing the point”, Woods says.

WACHOVIA ONE OF MANY U.S. AND EUROPEAN BANKS HANDLING DRUG MONEY
Wachovia is just one of the U.S. and European banks that have been used for drug money laundering. For the past two decades, Latin American drug traffickers have gone to U.S. banks to cleanse their dirty cash, says Paul Campo, head of the U.S. Drug Enforcement Administration’s financial crimes unit.

Miami-based American Express Bank International paid fines in both 1994 and 2007 after admitting that it had failed to spot and report drug dealers laundering money through its accounts. Drug traffickers used accounts at Bank of America in Oklahoma City to buy three planes that carried 10 tons of cocaine, according to Mexican court filings.

Federal agents caught people who work for Mexican cartels depositing illicit funds in Bank of America accounts in Atlanta, Chicago and Brownsville, Texas, from 2002 to 2009. Mexican drug dealers used shell companies to open accounts at London-based HSBC Holdings Plc, Europe’s biggest bank by assets, an investigation by the Mexican Finance Ministry found.

CRIMINAL ENTERPRISE BANKS HIDE BEHIND RHETORIC AND CLIENT CONFIDENTIALITY
Those two banks weren’t accused of wrongdoing. Bank of America spokeswoman Shirley Norton and HSBC spokesman Roy Caple say laws bar them from discussing specific clients. They say their banks strictly follow the government rules.

“Bank of America takes its anti-money-laundering responsibilities very seriously”. Norton says. [EDITOR: Translation: This is a deliberately vacuous, meaningless and empty statement].

A Mexican judge on January 22 accused the owners of six centros cambiarios, or money changers, in Culiacan and Tijuana of laundering drug funds through their accounts at the Mexican units of Banco Santander SA, Citigroup Inc. and HSBC, according to court documents filed in the case.

The money changers are in jail while being tried. Citigroup, HSBC and Santander, which is the largest Spanish bank by assets, weren’t accused of any wrongdoing.

The three banks say Mexican law bars them from commenting on the case, adding that they each carefully enforce anti-money-laundering programs.

HSBC has stopped accepting dollar deposits in Mexico, and Citigroup no longer allows noncustomers to change dollars there. Citigroup detected suspicious activity in the Tijuana accounts, reported it to regulators and closed the accounts, spokesman Paulo Carreno says. [EDITOR: Yeah, after the event and after the temperature got too hot].

FOCUS IS ON THE CARTELS: BUT THEY CAN’T OPERATE WITHOUT CRIMINAL BANKS
On June 15, the Mexican Finance Ministry announced it would set limits for banks on cash deposits in dollars. Mexico’s drug cartels have become multinational criminal enterprises.

Some of the gangs have delved into other illegal activities such as gunrunning, kidnapping and smuggling people across the border, as well as into seemingly legitimate areas such as trucking, travel services and air cargo transport, according to the us Justice Department’s National Drug Intelligence Center.

These criminal empires have no choice but to use the global banking system to finance their businesses, Mexican Senator Felipe Gonzalez says.

“With so much cash, the only way to move this money is through the banks”, says Gonzalez, who represents a central Mexican state and chairs the senate public safety committee.

[EDITOR: In January 2009, Sr. Maria Antonio Costa, head of the Vienna-based UNDOC, told the Austrian journal Profil in an interview that the only liquidity in the interbank sector during the second half of 2008 was drug money. Actually, he meant from the discontinuity that took place on 10-12 September, after which the Editor received three gunshots on our voicemail: see passim].

Gonzalez, a member of Calderon’s National Action Party, carries a .38 revolver for protection.

“I know this won’t stop the narcos when they come through that door with machine guns”. he says, pointing to the entrance to his office. “But at least I’ll take one with me”.

NO BANK MORE CLOSELY LINKED TO MEXICAN DRUG LAUNDERING THAN WACHOVIA
No bank has been more closely connected with Mexican money laundering than Wachovia. Founded in 1879, Wachovia became the largest bank by assets in the southeastern U.S. by 1900. After the Great Depression, some savvy people in North Carolina called the bank “Walk-Over-Ya” because it had foreclosed on farms in the region.

By 2008, Wachovia was the sixth-largest American lender, and it faced $26 billion in losses from subprime mortgage loans. That cost Wachovia Chief Executive Officer Kennedy Thompson his job in June 2008.

Six months later, San Francisco-based Wells Fargo, which dates from 1852, bought Wachovia for $12.7 billion, creating the largest network of bank branches in the U.S. Thompson, who now works for private-equity firm Aquiline Capital Partners LLC in New York, declined to comment.

As Wachovia’s balance sheet was bleeding, its legal woes were mounting. In the three years leading up to Wachovia’s agreement with the Justice Department, grand juries served the bank with 6,700 subpoenas requesting information.

WACHOVIA REACTED LETHARGICALLY TO THIS GRAND JURY ONSLAUGHT
The bank didn’t react quickly enough to the prosecutors’ requests and failed to hire enough investigators, the U.S. Treasury Department said in March. After a 22-month investigation, the Justice Department on March 12 charged Wachovia with violating the Bank Secrecy Act by failing to run an effective anti-money-laundering program.

Five days later, Wells Fargo promised in a Miami federal courtroom to revamp its detection systems. Wachovia’s new owner paid $160 million in fines and penalties, less than 2 percent of its $12.3 billion profit in 2009.

If Wells Fargo keeps its pledge, the U.S. government will, according to the agreement, drop all charges against the bank in March 2011. [EDITOR: WHAT A SCANDAL].

Wells Fargo regrets that some of Wachovia’s former anti-money-laundering efforts fell short, spokeswoman Mary Eshet says. Wells Fargo has invested $42 million in the past three years to improve its anti-money-laundering program and has been working with regulators, she says.

‘AFTER THE HORSES HAVE BOLTED’ WHINING
“We have substantially increased the caliber and number of staff in our international investigations group, and we also significantly upgraded the monitoring software”, Eshet says. The agreement bars the bank from contesting or contradicting the facts in its admission.

The bank declined to answer specific questions, including how much it made by handling $378.4 billion — including $4 billion of cash-from Mexican exchange companies. [EDITOR: PROTECTED].

The 1970 Bank Secrecy Act requires banks to report all cash transactions above $10,000 to regulators and to tell the Government about other suspected money-laundering activity.

Big banks employ hundreds of investigators and spend millions of dollars on software programs to scour accounts. [EDITOR: GREAT. BUT HASN’T ADDRESSED THE BANKS’ CRIMINALITY].

No big U.S. bank — Wells Fargo included — has ever been indicted for violating the Bank Secrecy Act or any other Federal law. Instead, the Justice Department settles criminal charges by using deferred-prosecution agreements, in which a bank pays a fine and promises do it again.

BANKS PROTECTED BY FEARS THAT A BANK COLLAPSE WOULD IMPLODE THE SYSTEM
Large banks are protected from indictments by a variant of the too-big-to-fail theory.

Indicting a big bank could trigger a mad dash by investors to dump shares and cause panic in financial markets, says Jack Blum, a U.S. Senate investigator for 14 years and a consultant to international banks and brokerage firms on money laundering.

The theory is like a get-out-of-jail-free card for big banks, Blum says. [EDITOR: Jack Blum is a highly respected investigator, a man of the highest integrity and calibre].

“There’s no capacity to regulate or punish them because they’re too big to be threatened with failure”, Blum says. “They seem to be willing to do anything that improves their bottom line, until they’re caught”. [EDITOR: ACCURATE, ACCURATE, ACCURATE, ACCURATE].

Wachovia’s run-in with Federal prosecutors hasn’t troubled investors. Wells Fargo’s stock traded at $30.86 on March 24, up 1 percent in the week after the March 17 agreement was announced.

Moving money is central to the drug trade — from the cash that people tape to their bodies as they cross the U.S.-Mexican border, to the $100,000 wire transfers they send from Mexican exchange houses to big U.S. banks.

BORDER FENCE DOESN’T STOP ANYONE. A HUGE WALL IS NECESSARY
In Tijuana, 15 miles south of San Diego, Gustavo Rojas has lived for a quarter of a century in a shack in the shadow of the 10-foot-high (3-meter-high) steel border fence that separates the U.S. and Mexico there. He points to holes burrowed under the barrier.

“They go across with drugs and come back with cash,” Rojas, 75, says.

“This fence doesn’t stop anyone”.

Drug money moves back and forth across the border in an endless cycle. In the U.S., couriers take the cash from drug sales to Mexico — as much as $29 billion a year, according to U.S. Immigration and Customs Enforcement. That would be about 319 tons of $100 bills. [EDITOR: NO. $45 BILLION].

They hide it in cars and trucks to smuggle into Mexico. There, cartels pay people to deposit some of the cash into Mexican banks and branches of international banks. The narcos launder much of what’s left through money changers.

DRUG MONEY LAUNDERED THROUGH STREET MONEY TRADERS
Anyone who has been to Mexico is familiar with these street-corner money changers; Mexican regulators say there are at least 3,000 of them from Tijuana to Cancun, usually displaying large signs advertising the day’s dollar-peso exchange rate.

Mexican banks are regulated by the National Banking and Securities Commission, which has an anti-money-laundering unit; the money changers are supposedly policed by Mexico’s Tax Service Administration, which has no such unit.

By law, the money changers have to demand identification from anyone exchanging more than $500. They also have to report transactions higher than $5,000 to regulators.

The cartels get around these requirements by employing legions of individuals — including relatives, maids and gardeners — to convert small amounts of dollars into pesos or to make deposits in local banks. After that, cartels wire the money to a multinational bank.

SMALL MONEY EXCHANGES ARE CALLED SMURFS
The people making the small money exchanges are known as Smurfs, after the cartoon characters.

“They can use an army of people like Smurfs and go through $1 million before lunchtime”, says Jerry Robinette, who oversees U.S. Immigration and Customs Enforcement operations along the border in east Texas.

The U.S. Treasury has been warning banks about big Mexican- currency-exchange firms laundering drug money since 1996. By 2004, many U.S. banks had closed their accounts with these companies, which are known as casas de cambio.

Wachovia ignored warnings by regulators and police, per the deferred-prosecution agreement.

“As early as 2004, Wachovia understood the risk”, the bank admitted in court. “Despite these warnings, Wachovia remained in the business”.

One customer that Wachovia took on in 2004 was Casa de Cambio Puebla SA, a Puebla, Mexico-based currency-exchange company. Pedro Alatorre, who ran a Puebla branch in Mexico City, had created front companies for cartels, according to a pending Mexican criminal case against him.

FEDERAL INDICTMENT IN MIAMI
A Federal Grand Jury in Miami indicted Puebla, Alatorre and three other executives in February 2008 for drug trafficking and money laundering. In May 2008, the Justice Department sought extradition of the suspects, saying they used shell firms to launder $720 million through U.S. banks.

Alatorre has been in a Mexican jail for 2 1/2 years. He denies any wrongdoing, his lawyer Mauricio Moreno says. Alatorre has made no court-filed responses in the U.S.

During the period in which Wachovia admitted to moving money out of Mexico for Puebla, couriers carrying clear plastic bags stuffed with cash went to the branch Alatorre operated at the Mexico City airport, according to surveillance reports by Mexican police.

Alatorre opened accounts at HSBC on behalf of front companies, Mexican investigators found.

Puebla executives used the stolen identities of 74 people to launder money through Wachovia accounts, Mexican prosecutors say in court-filed reports.

WACHOVIA NEVER REPORTED ANY TRANSACTIONS AS SUSPICIOUS
“Wachovia handled all the transfers, and they never reported any as suspicious”, says Jose Luis Marmolejo, former head of the Mexican Attorney General’s financial crimes, now in private practice.

In November 2005 and January 2006, Wachovia transferred a total of $300,000 from Puebla to a Bank of America account in Oklahoma City, according to information in the Alatorre cases in the United States and Mexico.

Drug smugglers used the funds to buy the DC-9 through Oklahoma City aircraft broker U.S. Aircraft Titles Inc., according to financial records cited in the Mexican criminal case. U.S. Aircraft Titles President Sue White declined to comment.

On April 5, 2006, a pilot flew the plane from St. Petersburg, Florida, to Caracas to pick up the cocaine, according to the DEA. Five days later, troops seized the plane in Ciudad del Carmen and burned the drugs at a nearby army base.

WACHOVIA KNEW PERFECTLY WELL WHAT WAS GOING ON
“I am sure Wachovia knew what was going on”, says jJose Marmolejo, who oversaw the criminal investigation into Wachovia’s customers.

“It went on too long and they made too much money not to have known”.

At Wachovia’s anti-money-laundering unit in London, Woods and his colleague Jim DeFazio, in Charlotte, say they suspected that drug dealers were using the bank to move funds.

Woods, a former Scotland Yard investigator, spotted illegible signatures and other suspicious markings on traveler’s checks from Mexican exchange companies, he said in a September 2008 letter to the U.K. Financial Services Authority. He sent copies of the letter to the DEA and Treasury Department in the United States.

Woods, 45, says his bosses instructed him to keep quiet and tried to have him fired, according to his letter to the FSA. In one meeting, a bank official insisted Woods shouldn’t have filed suspicious activity reports to the Government, as both US and UK laws require.

LONDON WACHOVIA BOSSES TRIES TO SILENCE WHISTLEBLOWER WHO THEN LEFT BANK
“I was shocked by the content and outcome of the meeting, genuinely traumatized”, Woods wrote.

In the U.S., DeFazio, a Federal Bureau of Investigation agent for 21 years, says he told bank executives in 2005 that the DEA was probing the transfers through Wachovia to buy the planes.

Bank executives spurned recommendations to close suspicious accounts, DeFazio, 63, says.

“I think they looked at the money and said, ‘The hell with it. We’re going to bring it in, and look at all the money we’ll make'”, DeFazio says.

“I didn’t want anything from them”, he says. “I just wanted to get out”.

Woods, who resigned from Wachovia in May 2009, now advises banks on how to combat money laundering. He declined to discuss details of Wachovia’s actions.

U.S. Comptroller of the Currency John Dugan told Woods in a March 19 2010 letter that his efforts had helped the United States build its case against Wachovia. He wrote:

“You demonstrated great courage and integrity by speaking up when you saw problems”.

It was the Puebla investigation that led U.S. authorities to the broader probe of Wachovia. On May 16, 2007, DEA agents conducted a raid of Wachovia’s international banking offices in Miami. They had a court order to seize Puebla’s accounts.

U.S. prosecutors and investigators then scrutinized the bank’s dealings with Mexican-currency-exchange firms. That led to the March deferred-prosecution agreement.

With Puebla’s Wachovia accounts seized, Alatorre and his partners shifted their laundering scheme to HSBC, according to financial documents cited in the Mexican criminal case against Alatorre.

In the three weeks after the DEA raided Wachovia, two of Alatorre’s front companies, Grupo ETPB SA and Grupo Rahero SC, made 12 cash deposits totaling $1 million at an HSBC Mexican branch, Mexican investigators found.

DRUG MONEY NOW LAUNDERED THROUGH HSBC TO BUY ANOTHER PLANE
The funds financed a Beechcraft King Air 200 plane that police seized on December 29, 2007, in Cuernavaca, 50 miles south of Mexico City, according to information in the case against Alatorre.

For years, Federal authorities watched as the wife and daughter of Oscar Oropeza, a drug smuggler working for the Matamoros-based Gulf Cartel, deposited stacks of cash at a Bank of America branch on Boca Chica Boulevard in Brownsville, Texas, less than 3 miles from the border.

Investigator Robinette sits in his pickup truck across the street from that branch. It’s a one-story, tan stucco building next to a Kentucky Fried Chicken outlet. Robinette discusses the Oropeza case with Tom Salazar, an agent who investigated the family.

“Everybody in there knew who they were — the tellers, everyone”, Salazar says.

“The bank never came to us, though”. [EDITOR: COURSE NOT. IT’S A C.I.A. CRIMINAL ENTERPRISE]

MICRO-MONEY LAUNDERING TECHNIQUE
The Oropeza case gives a new, literal meaning to the term money laundering. Oropeza’s wife, Tina Marie, and daughter Paulina Marie, deposited stashes of $20 bills several times a day into Bank of America accounts, Salazar says. Bank employees knew the Oropezas by smelling their money.

“I asked the tellers what they were talking about, and they said the money had this sweet smell like Bounce, those sheets you throw into the dryer”, Salazar says. “They told me that when they opened the vault, the smell of Bounce just poured out”.

Oropeza, 48, was arrested 820 miles from Brownsville, Texas.. On May 31, 2007, police in Saraland, Alabama, stopped him on a traffic violation. Checking his record, they learned of the investigation in Texas. They searched the van and discovered 84 kilograms (185 pounds) of cocaine hidden under a false floor. That allowed Federal agents to freeze Oropeza’s bank accounts and search his marble-floored home in Brownsville, Robinette says.

Inside, investigators found a supply of Bounce alongside the clothes dryer.

All three Oropezas pleaded guilty in U.S. District Court in Brownsville, TX, to drug and money-laundering charges in March and April 2008. Oscar Oropeza was sentenced to 15 years in prison; his wife was ordered to serve 10 months and his daughter got 6 months.

Bank of America’s Norton says: “We not only fulfilled our regulatory obligation, but we proactively worked with law enforcement on these matters”. [EDITOR: NEFARIOUS HUMBUG].

Prosecutors have tried to halt money laundering at American Express Bank International twice. In 1994, the bank, then a subsidiary of New York-based American Express Co., pledged not to allow money laundering again after two employees were convicted in a criminal case involving drug trafficker Juan Garcia Abrego.

In 1994, the bank paid $14 million to settle. Five years later, drug money again flowed through American Express Bank. Between 1999 and 2004, the bank failed to stop clients from laundering $55 million of narcotics funds, the bank admitted in a deferred-prosecution accord in August 2007.

It paid $65 million to the United States and promised not to break the law again. The government dismissed the criminal charge a year later. American Express sold the bank to the London-based Standard Chartered PLC in February 2008 for $823 million.

WESTERN UNION TURNED A BLIND EYE TO DRUG-MONEY LAUNDERING
Banks aren’t the only financial institutions that have turned a blind eye to drug cartels in moving illicit funds. Western Union Co., the world’s largest money transfer firm, agreed to pay $94 million in February 2010 to settle civil and criminal investigations by the Arizona Attorney General’s office.

Undercover state police posing as drug dealers bribed Western Union employees to illegally transfer money, says Cameron Holmes, an assistant Attorney General.

“Their allegiance was to the smugglers”, Holmes says. “What they thought about during work was ‘How may I please my highest- spending customers the most?'”

Workers in more than 20 Western Union offices allowed the customers to use multiple names, pass fictitious identifications and smudge their fingerprints on documents, court records say.

“In all the time we did undercover operations, we never once had a bribe turned down”, says Holmes, citing court affidavits.

Western Union has made significant improvements, it complies with anti-money-laundering laws and works closely with regulators and police, spokesman Tom Fitzgerald says.

For four years, Mexican authorities have been fighting a losing battle against the cartels. The police are often two steps behind the criminals. Near the southeastern corner of Texas, in Matamoros, more than 50 combat troops surround a police station.

US officers take two suspected drug traffickers inside for questioning. Nearby, two young men wearing white T-shirts and baggy pants watch and whisper into radios. These are los halcones (the falcons), whose job is to let the cartel bosses know what the police are doing.

BILLIONS MOVED ACROSS BORDERS ROUTINELY: THERE IS NO CHANGE
While the police are outmaneuvered and outgunned, ordinary Mexicans live in fear. Rojas, the man who lives in the Tijuana slum near the border fence, recalls cowering in his home as smugglers shot it out with the police.

“The only way to survive is to stay out of the way and hope the violence, the bullets, don’t come for you,” Rojas says.

To make their criminal enterprises work, the drug cartels of Mexico need to move billions of dollars across borders. That’s how they finance the purchase of drugs, planes, weapons and safe houses, Senator Gonzalez says.

“They are multinational businesses, after all”, says Gonzalez, as he slowly loads his revolver at his desk in his Mexico City office. “And they cannot work without a bank.”

To contact the reporter on this story:
Michael Smith in Santiago, Chile, at mssmith@bloomberg.net.
Last Updated: June 29, 2010 00:00 EDT

••••••••••••••••••••••••••••••••••

THE FOLLOWING DATA HAS BEEN PUBLISHED AT THE FOOT
OF MOST OF THESE REPORTS FOR THE PAST THREE YEARS++:

• COMPILED BY U.S. SECURITIES EXPERT MICHAEL C. COTTRELL, B.A., M.S..

LIST OF U.S. STATUTES, SECURITIES REGULATIONS AND LEGAL PRINCIPLES OF WHICH THE CRIMINALISTS 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.

••••••••••••••••••••••••••••••••••
NOTICES:

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 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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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.

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HODGES CORRESPONDENCE TO THE HIGHEST LEVELS

chrisstory

LETTERS ON THE CRIMINAL BLOCKING OF THE RELEASES TO THE BRITISH MONARCHY, OBAMA AND MR TIMOTHY WILLIAMS, HEAD OF INTERPOL, WASHINGTON, D.C.

Saturday 19 June 2010 23:36

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.

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• 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.
You can also access the CMKM/CMKX text at: http://viewer.zoho.com/docs/paKdda
The biggest lawsuit in world legal history: The phantom share giga-scandal.

• AS PREVIOUSLY STATED, OUR LANDLINES ARE CLOSED BECAUSE OF U.S. HARASSMENT.
WE CAN BE CONTACTED VIA EMAIL, FAX OR VIA THE WEBSITE ‘CONTACT US’ FACILITY.

• FOR LATEST INFORMATION ON OUR INTELLIGENCE PUBLICATIONS, SEE SECOND PANEL.

••••••••••••••••••••••••••••••••••

NEW REPORT STARTS HERE:

EXPLANATION FOR THE PUBLICATION OF THIS CORRESPONDENCE
This report consists exclusively of correspondence from Mr A. Clifton Hodges, lawyer for Mr Michael C. Cottrell, B.A., M.S., his corporations Pennsylvania Investments, Inc, registered in the Commonwealth of Pennsylvania, and Cottrell Securiries Limited, registered in England, and for victims of the Securities and Exchange Commission scam against CMKX shareholders.

The correspondence is published in date order without commentary for the benefit of Chinese official and other parties because we are informed that efforts have been made by the usual nefarious US sources to obfuscate, obscure, deny, mask, dismiss or otherwise detract from the manifest importance of these letters, not least given the identity of their recipients and the information contained therein.

MEMORANDUM TO MI6: It has become apparent to us via special sources that you place trust in certain American operatives. Have you not yet understood that a trustworthy, reliable US operative is a contradiction in terms and does not exist? We perceive that operatives trusted by yourselves to achieve results are themselves engaged in doing deals ‘behind your back’, and thereby in effect treating you with scorn and derision.

How is it that this veteran observer can see this clearly and you cannot? You should stop taking risks with these people. None of them can be trusted, and there are no exceptions to this rule. Surely you can understand this by now.

••••••••••••••••••••••••••••••••••

(1): HODGES TO HER MAJESTY THE QUEEN: 26 April 2010:

HODGES AND ASSOCIATES
A PROFESSIONAL LAW CORPORATION
4 EAST HOLLY STREET
SUITE 202
PASADENA
CA 91103

Telephone: (626) 564-9797
Facsimile: (626) 564-9111

A. Clifton Hodges
James S. Kostas
Donald W. Ricketts*
Of Counsel

April 26, 2010

Most urgent: Hand delivered

Her Majesty the Queen

Buckingham Palace
London SW1A 1AA

Re: U.S. Dollar Refunding Project

Your Majesty,

I write to you in my capacity as legal counsel for Pennsylvania Investments, Inc. and its President, Michael C. Cottrell, B.A., M.S. As you are aware Mr. Cottrell and his wife are the beneficial owners of Pennsylvania Investments, Inc. and have requested that I communicate some urgent concerns regarding the subject U.S. Dollar Refunding Project.

I am advised and understand the following:

• In 2007, funds aggregating 6.2 Trillion dollars were made available pro bono publico by and on Your Majesty’s behalf for the purpose of this Project.

• The International Group of Seven (G-7) agreed to this refunding program at their meeting in Northern Germany in June, 2006 and reaffirmed their support in 2007.

• These funds, to date, have not been deployed for the purpose for which they were intended.

• Through the good offices of Christopher Edward Harle Story, FRSA, from the period September, 2008 through December 29, 2008, previous arrangements for conducting this program were revised and reorganized such that Mr. Michael C. Cottrell would be wholly in charge of the project.

• Based upon advice received in 2009 Mr. Michael C. Cottrell is to be in charge of the refunding project pursuant to the information and proposal set forth in two notarized affidavits dated December 29, 2008 and March 3, 2009.

• I am advised that Your Majesty has previously received and approved these terms and conditions.

• Premised on this history, Mr. Cottrell, again through the good offices of Mr. Story, has established a firm in London to conduct the refunding operations denominated “Cottrell Securities Limited”.

This correspondence and request is premised upon the above facts.

Certain matters have come to the attention of Mr. Cottrell and myself which have caused considerable consternation as finalization of the refunding project has neared closure. I write to you on Mr. Cottrell’s behalf out of concern that certain of these activities may be taking place without your knowledge and in contravention of your desires, and in violation of agreements made on your behalf at the G-7 meetings in 2006, 2007 and 2008.

Mr. Cottrell has prepared an affidavit, which was duly notarized on March 31, 2010, which sets forth the initial events surrounding the ongoing attempts to bring this matter to conclusion; I will not repeat them here as a copy of such affidavit is included as an attachment. Since March 31, 2010 various actions which have been ongoing each and every day have suggested, at least initially, that successful conclusion was imminent. However, as of the date of dictating this correspondence (April 23, 2010) neither I nor Mr. Cottrell are confident that this matter will conclude as originally designed, promised and intended without intervention from your authority.

Let me hasten to apologize for the presumptive, perhaps arrogant, tone of this correspondence and submission to you. However, this is a matter of such enormous public import, I thought it my duty as a citizen of the world community to bring this issue to your attention. In the event that additional information is necessary and/or desired, please feel free to contact me or Mr. Cottrell directly. Thank you for your kind consideration.

Sincerely,

HODGES AND ASSOCIATES

[Signed]

A. CLIFTON HODGES

ACH/gm

••••••••••••••••••••••••••••••••••

(2): HODGES TO HRH THE DUKE OF EDINBURGH: 28 April 2010:

HODGES AND ASSOCIATES
A PROFESSIONAL LAW CORPORATION
4 EAST HOLLY STREET
SUITE 202
PASADENA
CA 91103

Telephone: (626) 564-9797
Facsimile: (626) 564-9111

A. Clifton Hodges
James S. Kostas
Donald W. Ricketts*
Of Counsel

April 28, 2010

For the urgent attention of the Chief of Staff:
His Royal Highness the Duke of Edinburgh
Buckingham Palace
London SW1A 1AA

Dear Sirs

I write with respect on behalf of my clients Michael C. Cottrell, B.A., M.S., of Erie, Pennsylvania, USA, and his corporations: Pennsylvania Investments, Inc., registered in the Commonwealth of Pennsylvania, and Cottrell Securities Limited, registered in England and Wales.

I have been repeatedly advised by Lindell H. Bonney that the Basel List contains a Line Item providing for a loan for on-the-books trading purposes in the sum of $6.2 Trillion Dollars in the aggregate, for use to finance the long-since approved Dollar Refunding Program requested of the G-7 financial powers by her Majesty the Queen ‘for the sake of the whole of humanity’.

These sources have repeatedly confirmed to me, as Mr. Cottrell’s Attorney, that the Line Item funding is to be deployed for this purpose by Mr. Cottrell’s firm Pennsylvania Investments, Inc.

The matter has likewise been confirmed on several occasions directly to Mr. Cottrell, prior to my appointment as his Attorney.

The Dollar Refunding Program must ORIGINATE in the private sector, so that no corresponding PUBLIC DEBT is created on the other side of the balance sheet. Unfortunately, the US authorities have resisted this sound financing concept (the ONLY solution on the table) and seek to conduct the Dollar Refunding Program (on which the whole world depends) themselves, via the US Treasury, et. al., thereby generating a vast, open-ended further overhang of completely unnecessary official/public debt on the other side of the balance sheet.

Obviously, since the debt accumulated will be 100%, whereas any tax raised from such trades will not exceed, say, 35%, this severely exacerbates the US official debt overhang.

Such a course will therefore most certainly lead to US and global financial and economic disaster by rapidly accelerating the degradation of the US dollar and thereby inducing a Weimar-style hyperinflation.

On the well-known principle that ‘good money’ replaces ‘bad money’, and long since recognizing that the US authorities were unwilling to follow the sound path recommended by Her Majesty, Mr. Cottrell arranged for the formation of Cottrell Securities Limited, based in London, to handle the necessary fully taxable on-balance sheet trades.

A schematic plan (Figure 5A, Private Funding USD Refunding Loan) showing how the taxable trades will operate, is enclosed as the second sheet with the papers submitted herewith. The tax payable to the British authorities will be remitted along with any tax payable to the US authorities, directly to the British Treasury. Under the Bretton Woods Agreements, tax accrued abroad can be remitted by the ‘foreign’ country’s Treasury to its counterpart in the receiving country.

The enclosed documents are itemized in the list presented as the first sheet with these papers. Documents dated 6th September 2008, 29th December 2008 and 3rd March 2009, sent via an intermediary, may not have arrived as intended; so on 16th June 2009, Mr. Christopher Story resubmitted the papers, and also reported the possible diversion of previously submitted documents to Thames Valley Police.

With this package, I have arranged for everything that we believe to be pertinent to this matter to be provided all together. Unfortunately it has been necessary, due to the resistance mentioned above, to itemize details of what has been happening behind the scenes. We would prefer not to have had to do this, but were left with little choice in the matter.

The purpose of this letter, apart from providing you with these materials, is to seek confirmation that the advice repeatedly proffered to me and to Mr. Cottrell by William H. Bonney will now be acted upon. In this connection you will of course be well aware that international financial affairs are now in almost permanent turmoil, and that further delay, due to the aforementioned resistance, in implementing the sole sound formula risks the integrity of our financial and real economies and most regrettably of the supreme British authority itself.

I would therefore be most grateful for a positive response at your earliest convenience, so that matters can start to be brought under control by the means originally recommended by Her Majesty.

Sincerely Yours,

HODGES AND ASSOCIATES

[Signed]

A. CLIFTON HODGES

••••••••••••••••••••••••••••••••••

(3): HODGES TO PRESIDENT BARACK OBAMA: 14 May 2010:

HODGES AND ASSOCIATES
A PROFESSIONAL LAW CORPORATION
4 EAST HOLLY STREET
SUITE 202
PASADENA
CA 91103

Telephone: (626) 564-9797
Facsimile: (626) 564-9111

A. Clifton Hodges
James S. Kostas
Donald W. Ricketts*
Of Counsel

May 14, 2010

MOST URGENT
VIA FACSIMILE ONLY (202) 456-2461

Honorable Barack Obama
President of the United States of America
Whitehouse
Washington, D.C.

Dear Mr. President:

I write to you this morning because people within your current administration continue to frustrate dissemination of the World Global Settlements; I am advised today that Mr. Leon Panetta [CIA DCI] participated in this act on May 14, 2010. I represent some 50,000 shareholders who are to be paid a settlement which consists mainly of monies collected from banks, brokerages, hedge fund corps, market makers, the Depository Trust Corporation/Federal Reserve, and various billionaire “naked-shorter” individuals, as well as some monies due from the SEC for damages.

These various monies collected have been held far longer than they should have been, and were swept into the World Global Settlements, thereby delaying payment even further. Taxes were paid into the U.S. Treasury due on these “Settlements” on December 30th and 31st; distribution of these settlement funds could not legally be withheld past midnight of February 14th, 2010.

The continued holding of these settlement funds results in the violation of more laws such as “banking fraud”, “trust fund violations”, and, in times of war, “International Financial Terrorism”, These charges are not at the discretion of the government to overlook in the name of withholding monies that are not its property, nor its right to hold – especially given that now the Treasury is in “DEFAULT” and owned in large part by the Chinese government.

I am aware you have issued an “Executive Order” giving the diplomatic parties of Interpol, the Chinese, the Swiss, and the U.K. (MI6), the means to enforce, with all due power, dissemination of the “Settlements”, They clearly are relying on your power to assist this effort and to stop cabinet members of your staff and CIA factions from blocking the Global World Settlements.

They are relying on you to exhibit your inherent Presidential character such as integrity and respect for the law, and to recognize the gravity of delaying such an important event intended to rescue not only the immediate US banking community, but to support a recalibration and refitting of various currencies and economies on a world scale necessary to abate the global collapse of economies everywhere.

We are all well aware of the “derivatives”, the Ponzi schemes of the Federal Reserve creating debt out of thin air, the real estate debacle of SIV’s and CDO’s, the “Naked Shorting” in the stock market, and the market’s overall vast manipulation for the profit of the few. The global economy needs these “Settlements” to initiate recovery, and to switch to the new asset-backed US Treasury dollars.

Mr. President, the people elected you for reasons of your promises, your apparent integrity, your conviction to help the American people uphold justice, and to return this Nation to its pre-eminent world status. Please use your good offices to ensure these “Settlements” are disseminated without further delay.

Sincerely,

HODGES AND ASSOCIATES

[Signed]”,

A. CLIFTON HODGES

ACH/gm

Cc: Lindell H. Bonney, Sr.
Clients
Bcc: Michael C. Cottrell, B.A., M.S.

••••••••••••••••••••••••••••••••••

(4): HODGES TO PRESIDENT BARACK OBAMA: 19 May 2010:

HODGES AND ASSOCIATES
A PROFESSIONAL LAW CORPORATION
4 EAST HOLLY STREET
SUITE 202
PASADENA
CA 91103

Telephone: (626) 564-9797
Facsimile: (626) 564-9111

A. Clifton Hodges
James S. Kostas
Donald W. Ricketts*
Of Counsel

May 19, 2010

MOST URGENT
VIA FACSIMILE ONLY (202) 456-2461

Honorable Barack Obama
President of the United States of America
Whitehouse
Washington, D.C.

Dear Mr. President:

I write to you again this morning because your immediate assistance is required to ensure prompt dissemination of the World Global Settlements.

As I have previously stated, I represent some 50,000 shareholders who are to be paid a settlement which consists mainly of monies collected from banks, brokerages, hedge fund corps, market makers, the Depository Trust Corporation/Federal Reserve, and various billionaire “naked-shorter” individuals, as well as some monies due from the SEC for damages.

These various monies collected have been swept into the World Global Settlements, resulting in a substantial payment delay.

I am currently advised and understand the following:

• A portion of the World Global Settlement funds have been collected and are presently held in the custody of a Richmond, VA, bank.

• Said funds are sufficient to cover all disbursements to be made by the authority of Lindell H. Bonney, Sr., Paymaster.

• Mr. Bonney has spent more than eight weeks over the past three months, in Richmond, for the purpose of consummating these transfers.

• Mr. Bonney has, at the direction of the Pentagon, London, et. al., recently returned to Richmond to consummate the transfers and is standing by to do so.

• Mr. Bonney has been, most recently, directed to complete his monetary transfer duties by the conclusion of this date; again, he is standing by to do so.

• Mr. Bonney was advised this morning, by the referenced bank, that the bank could not allow the transfers to be made until authority was received directly from the White House.

• I am advised that you have previously given written approval of these transfers; accordingly,
I am not aware of any further basis for delay.

I am persuaded by the above facts, that only your direct intervention will be efficacious in bringing this matter to conclusion. Mr. President, please provide your authority and direction to those who continue to frustrate completion of these World Global Settlements

Mr. President, the people elected you for reasons of your promises, your apparent integrity, your conviction to help the American people uphold justice, and to return this Nation to its pre-eminent world status. Please use your good offices to ensure these “Settlements” are disseminated without further delay.

Sincerely,

HODGES AND ASSOCIATES

[Signed]

A. CLIFTON HODGES

ACH/gm

Cc: Lindell H. Bonney, Sr.
Clients
Bcc: Michael C. Cottrell, BA, MS

••••••••••••••••••••••••••••••••••

(5): HODGES TO PRESIDENT BARACK OBAMA: 20 May 2010:

HODGES AND ASSOCIATES
A PROFESSIONAL LAW CORPORATION
4 EAST HOLLY STREET
SUITE 202
PASADENA
CA 91103

Telephone: (626) 564-9797
Facsimile: (626) 564-9111

A. Clifton Hodges
James S. Kostas
Donald W. Ricketts*
Of Counsel

May 20, 2010

MOST URGENT
VIA FACSIMILE ONLY (202) 456-2461

Honorable Barack Obama
President of the United States of America
Whitehouse
Washington, D.C.

Dear Mr. President:

I write to you again this morning because your immediate personal assistance is required to ensure prompt dissemination of the World Global Settlements.

As I have previously stated, I represent some 50,000 shareholders who are to be paid a settlement which consists mainly of monies collected from banks, brokerages, hedge fund corps, market makers, the Depository Trust Corporation/Federal Reserve, and various billionaire “naked-shorter” individuals, as well as some monies due from the SEC for damages. I have also been involved in the representation of other payees awaiting this distribution and have, in such capacity, been in direct communication with the UK Royal Monarch.

I am currently advised and understand the following:

• A portion of the World Global Settlement funds have been collected and are presently held in the custody of the Bank of America in Richmond, VA.

• Said funds are sufficient to cover all disbursements to be made by the authority of the Paymaster who has now spent more than eight weeks over the past three months, in Richmond, VA, for the purpose of concluding these transfers.

• The Paymaster authority has, at the direction of the Pentagon, London, et. al., recently returned to Richmond to consummate the transfers; he was advised yesterday morning at Bank of America that the bank could not allow the transfers to be made until one additional signature was obtained.

• Accordingly, on May 19, 2010 an agent of Interpol began a hand-carry trip through Little Rock, Arkansas, to Charleston, South Carolina, and then on to Richmond, Virginia; the hand-carried item was presented to the Bank of America officer this morning.

• The Bank of America officer then advised the Paymaster authority that Mr. Leon Panetta had instructed Bank of America that no World Global Settlement funds were to be disbursed without express personal approval from the President of the United States.

• I have previously been advised that you had given specific written authorization of these transfers when you visited the Richmond Bank of America several weeks ago.

As I advised yesterday in my communication to you, I am persuaded by these facts, that only your direct intervention will be efficacious in bringing this matter to conclusion.

Mr. President, please provide, once again, your specific written authority and direction to those who continue to frustrate completion of these World Global Settlements.

I would very much appreciate your written confirmation that you will do so without delay; accordingly, I will withhold further communication to the UK Royal Monarch and distribution of this correspondence to my clients until 4:30 PM EDT today.

Mr. President, the people elected you for reasons of your promises, your apparent integrity, your conviction to help the American people uphold justice, and to return this Nation to its pre-eminent world status. I implore you to use your good offices to ensure these “Settlements” are disseminated without further delay.

Sincerely,

HODGES AND ASSOCIATES

[Signed]

A. CLIFTON HODGES

ACH/gm

Cc: Her Majesty, Queen Elizabeth II
Lindell H. Bonney, Sr.
Clients
Bcc: Michael Cottrell, B.A., M.S.

••••••••••••••••••••••••••••••••••

(6): HODGES TO THE RT. HON CHRISTOPHER GEIDT: 21 May 2010:

HODGES AND ASSOCIATES
A PROFESSIONAL LAW CORPORATION
4 EAST HOLLY STREET
SUITE 202
PASADENA
CA 91103

Telephone: (626) 564-9797
Facsimile: (626) 564-9111

A. Clifton Hodges
James S. Kostas
Donald W. Ricketts*
Of Counsel

May 21, 2010

MOST URGENT
Hand Delivered

The Rt. Hon. Christopher Geidt, CVO, OBE
Buckingham Palace
London SW1A 1AA

Re: U.S. Dollar Refunding Project

Dear Honorable Christopher Geidt:

I enclose copies of three letters which I have recently sent to President Obama relating to the matters referenced in the papers which were delivered to the Palace under cover of my earlier letter dated April 28, 2010. I verily believe that the information contained in this correspondence bears directly on the subject Project and the delays being experienced in its inauguration.

Accordingly, I am requesting your assistance once more in having these letters placed in the appropriate Palace hands at your very earliest convenience.

Thank you very kindly in advance for you help; it is truly appreciated by many, many people.

Your efforts on our behalf will indeed have a very significant impact on the future financial health of the world.

Sincerely,

HODGES AND ASSOCIATES

[Signed]

A. CLIFTON HODGES

ACH/gm
Enclosures

Cc: Michael C. Cottrell, B.A., M.S.
Christopher Story FRSA

••••••••••••••••••••••••••••••••••

(7): HODGES TO PRESIDENT BARACK OBAMA: 27 May 2010:

HODGES AND ASSOCIATES
A PROFESSIONAL LAW CORPORATION
4 EAST HOLLY STREET
SUITE 202
PASADENA
CA 91103

Telephone: (626) 564-9797
Facsimile: (626) 564-9111

A. Clifton Hodges
James S. Kostas
Donald W. Ricketts*
Of Counsel

May 27, 2010

MOST URGENT
VIA FACSIMILE ONLY (202) 456-2461

Honorable Barack Obama
President of the United States of America
Whitehouse
Washington, D.C.

In re: World Global Settlements

Dear Mr. President:

I write to you again this afternoon in furtherance of my previous recent correspondence regarding prompt dissemination of the World Global Settlements.

As I have previously stated, I represent some 50,000 shareholders who are to be paid a settlement which consists mainly of monies collected from banks, brokerages, hedge fund corps, market makers, the Depository Trust Corporation/Federal Reserve, and various billionaire “naked-shorter” individuals, as well as some monies due from the SEC for damages. I have also been involved in the representation of other payees awaiting this distribution and have, in such capacity, been in direct communication with the UK Royal Monarch.

I am currently advised and understand the following:

• A portion of the World Global Settlement funds have been collected and are presently held in the custody of the Bank of America in Richmond, VA.

• Said funds are sufficient to cover all disbursements to be made by the authority of the Paymaster who has now spent more than eight weeks over the past three months, in Richmond, for the purpose of concluding these transfers.

• The Paymaster authority has, at the direction of the Pentagon, London, et. al., been present at the Bank in Richmond every day this week to complete the transfers.

• This morning he was advised by “both sides” that each desired this matter to be concluded as soon as possible and that he should therefore remain available to enter the Bank and consummate the transfers.

• As of 6:00 PM EDT, the Paymaster authority personally advised me that you personally, Mr. President, wanted and had directed that these funds be held throughout the coming Holiday weekend.

• I have previously been advised that you had given specific written authorization of these transfers and confirmed the same verbally just this week.

Mr. President, I sincerely hope that my information is incorrect; because, as I am certain that you are aware, your personal involvement in delaying this distribution is an ultra vires act which exposes you to personal liability for the sums involved and for accruing interest thereon. I would certainly not want to see you personally involved in the future denouement of this matter.

As I have previously advised in my communications to you, only your direct intervention will be efficacious in bringing this matter to conclusion. Mr. President, I implore you to facilitate conclusion of this matter forthwith; there is simply no legal basis for any further delay.

Please act consonantly with your previous statements and promises.

I would very much appreciate your written confirmation that you will do so immediately; accordingly, I will withhold public distribution of this correspondence until 8:30 PM EDT today.

Sincerely,

HODGES AND ASSOCIATES

A. CLIFTON HODGES

ACH/gm

Cc: Her Majesty, Queen Elizabeth II
Lindell H. Bonney, Sr.
Clients
Bcc: Michael C. Cottrell, BA. MS

••••••••••••••••••••••••••••••••••

(8): HODGES TO THE RT. HON CHRISTOPHER GEIDT: 28 May 2010:

HODGES AND ASSOCIATES
A PROFESSIONAL LAW CORPORATION
4 EAST HOLLY STREET
SUITE 202
PASADENA
CA 91103

Telephone: (626) 564-9797
Facsimile: (626) 564-9111

A. Clifton Hodges
James S. Kostas
Donald W. Ricketts*
Of Counsel

28 May, 2010

MOST URGENT
Hand Delivered

The Rt. Hon. Christopher Geidt, CVO, OBE
Buckingham Palace
London SW1A 1AA

Re: U.S. Dollar Refunding Project

Dear Honorable Christopher Geidt:

I most recently wrote to you on May 26, 2010 to solicit the assistance of Her Majesty Queen Elizabeth II in securing the release of funds being held in the U.S. which are required for implementation of the U.S. Dollar Refunding Project. I write to you again in furtherance to that subject, on behalf of my clients Michael C. Cottrell, B.A., M.S., of Erie, Pennsylvania, USA, and his corporations: Pennsylvania Investments, Inc., registered in the Commonwealth of Pennsylvania, and Cottrell Securities Limited, registered in England and Wales.

As of the afternoon of May 28, 2010, I am currently advised and understand the following:

• World Global Settlement funds have been collected and remain in the custody of the Bank of America in Richmond, Virginia.

• Said funds are sufficient to cover all disbursements to be made by the authority of the Paymaster who has now spent more than eight weeks over the past three months, in Richmond, VA, for the purpose of concluding these transfers in accord with the BASEL agenda.

• I became aware on May 27, 2010 that President Barack Obama had personally intervened in the scheduled May 27 release of funds, and had instructed that the funds be held until after the U.S. Memorial Day Holiday.

• As any further delay in disbursement of these funds will engender considerable harm to many, and is without any legal basis, I wrote to President Obama putting him on notice and soliciting his cooperation. [A copy of that letter is attached].

• My letter to President Obama was distributed to all parties dealing with the World Global Settlement funds, to both political parties in Washington, D.C., to the Democratic Caucus and its counsel, to the Black Caucus and its counsel, and to President Obama’s priest.

The letter was also submitted to the British Royal Monarchal Power through your good offices; Mr. L.H. Bonney, Sr. has also verified that a copy of the letter was submitted to, and received by, Her Majesty, Queen Elizabeth II through MI-5 and MI-6.

• Counsel for the Black Caucus immediately recognized that a criminal offense had been committed; he advised that he would directly inform the President by reading the letter to him on Air Force One today, as well as advise the President of his personal responsibility, over the four day weekend, for costs in the “Billions of USD”. Said counsel also stated that “if release [of the funds] was not taken care of today – they [the Black Caucus] would wash their hands of him [President Obama]”.

• Vice President Biden was also informed of the May 27, 2010 letter, provided a copy, and discussed the veracity of President Obama taking directions from former President G.H.W. Bush; he indicated that President Obama’s citizenship status was being used as very effective leverage against the President.

• Vice President Biden also admitted that he was personally compromised, and therefore unqualified to succeed President Obama in the event that the President’s tenure is attacked.

|• It now appears that it is only a matter of time before formal process is instituted to remove President Obama from office; however the “Succession List” has now been severely compromised by the failure to complete distribution of the subject funds.

• I was advised at noon time this date that the on-site Paymaster authority, Mr. L.H. Bonney, Sr, had confirmed at Bank of America that no communication had been received from President Obama regarding authorization for release of the Settlement funds; accordingly, he was returning to Ohio.

• Prior to Mr. Bonney’s departure he further advised that all collected funds were in a “locked-down” mode, and that all else is now in written form for further use in resolving the issue of final distribution of these Settlement funds.

[Insertion by the Editor:
However $1.8 trillion was stolen from the funds as will be reported in the subsequent analysis].

As I have previously indicated, I am persuaded by these facts, that only the direct intervention of the Royal Monarchal Power will be efficacious in bringing this matter to conclusion. To secure release of these Settlement funds, it is now imperative that the Royal Monarchal Power exercise that power, as a U.S. Treasury lien-holder, to effectuate timely resolution.

Any further delay will not only jeopardize the severely stressed world financial condition, but will certainly serve to encourage those seeking even further delay.

This is a matter which now clearly seems can only be concluded at such time as the Royal Monarchal Power utilizes the power which has been granted, to effect closure through direct means. I apologize in advance for having to involve you further in this situation; however, circumstances dictate that direct intervention is now an imperative.

Thank you very kindly in advance for your help; it is truly appreciated by many, and will indeed have a very significant impact on the future financial health of the world.

Sincerely,

HODGES AND ASSOCIATES

A. CLIFTON HODGES

ACH/gm
Enclosures

Cc: Michael C. Cottrell, B.A., M.S.
Lindell H. Bonney, Sr.
Christopher Story FRSA

••••••••••••••••••••••••••••••••••

(9): HODGES TO MR TIMOTHY A. WILLIAMS, DIRECTOR OF INTERPOL,
WASHINGTON, DC: 10 June 2010:

HODGES AND ASSOCIATES
A PROFESSIONAL LAW CORPORATION
4 EAST HOLLY STREET
SUITE 202
PASADENA
CA 91103

Telephone: (626) 564-9797
Facsimile: (626) 564-9111

A. Clifton Hodges
James S. Kostas
Donald W. Ricketts*
Of Counsel
June 10, 2010

MOST URGENT
Sent Facsimile
and U.S. MAIL

Mr. Timothy A. Williams
Director
INTERPOL Washington
United States National Central Bureau
Washington D.C. 20530

Re: World Global Settlements

Dear Mr. Williams

I write to you on a most urgent basis to solicit the assistance of INTERPOL in securing the release of funds now being held in the U.S. for distribution to some 20 line item trustees/payees as defined by the recent BASEL conferees, which distribution has been pending now since January, 2010.

I write to you as counsel for Michael C. Cottrell, B.A., M.S., of Erie, Pennsylvania, USA, and his corporations: Pennsylvania Investments, Inc., registered in the Commonwealth of Pennsylvania, and Cottrell Securities Limited, registered in England and Wales, and as counsel for some 50,000 shareholders of CMKM Diamonds, Inc.

As of noon time on this date, I am advised and understand the following:

• World Global Settlement funds have been collected and remain, inter alia, in the custody of the Bank of America in Richmond, Virginia.

• Funds sufficient to cover all disbursements to be made by the authority of the Paymaster have been confirmed this date to remain in the custody of Bank of America.

• The Paymaster authority, Mr. Lindell H. Bonney, Sr., has spent more than eight weeks over the past three months, in Richmond, for the purpose of concluding these transfers in accord with the BASEL agenda.

• Mr. Bonney and his associates have returned to Richmond this date for the purpose, again, of concluding these transactions; they were then advised by the U.S. Senate Banking Committee Chairman and the U.S. Senate Finance Committee that such transfers could not proceed as they continue to be blocked by Mr. Leon Panetta, among others.

• I have previously written to President Barack Obama and to Her Majesty, Queen Elizabeth II; copies of this correspondence are attached hereto for your information and review.

• Any further delay in disbursement of these funds will engender considerable harm to many, and is without any legal basis. I hereby urge your assistance and request intervention by the several plane loads of INTERPOL agents who have been sworn to assist in ferreting out financial misdeeds, and bringing the miscreants to justice.

I am persuaded by these facts, that the direct intervention of INTERPOL is absolutely required, from this time forward, to assist the Paymaster authority in fulfilling his instructions to finish these settlement payments, and to finally bring this matter to conclusion. Release of these Settlement funds, which has now been delayed for nearly six months, must be made forthwith.

It is now imperative that this matter be concluded; further delay is simply unacceptable. Such delay not only puts all of us in jeopardy, it encourages and emboldens those who seek to destroy not only these Settlements but the entire world structure.

I respectfully demand that INTERPOL act consistent with the charter given to them by President Obama in his December, 2009 Executive Order, and subsequently by the Attorney General of the United States. Circumstances now dictate that direct intervention is a must. Thank you in advance for your help, and your willingness to support the U.S. Constitution; it is appreciated by many, and will indeed have a significant impact on the future financial health of the world.

Sincerely,

HODGES AND ASSOCIATES

A. CLIFTON HODGES

Enclosures:
Her Majesty Queen Elizabeth II; dated April 26, 2010
His Royal Highness the Duke of Edinburgh; dated April 28, 2010
President Barack Obama; dated May 14, 2010
President Barack Obama; dated May 19, 2010
President Barack Obama; dated May 20, 2010
The Rt. Hon. Christopher Geidt; dated May 21, 2010
The Rt. Hon. Christopher Geidt; dated May 26, 2010
President Barack Obama; dated May 27, 2010
The Rt. Hon. Christopher Geidt; dated May 28, 2010

Cc: LaTonya Miller, Public Affairs, USNCB
Lindell H. Bonney, Sr.
Dana Wilcox
Michael C. Cottrell, B.A., M.S.
President Barack Obama
Her Majesty Queen Elizabeth II
David Cameron, UK Prime Minister.

••••••••••••••••••••••••••••••••••

THE FOLLOWING DATA HAS BEEN PUBLISHED AT THE FOOT
OF MOST OF THESE REPORTS FOR THE PAST THREE YEARS++:

• COMPILED BY U.S. SECURITIES EXPERT MICHAEL C. COTTRELL, B.A., M.S..

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.

••••••••••••••••••••••••••••••••••
NOTICES:

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

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

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

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

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

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

••••••••••••••••••••••••••••••••••
ADVERTISEMENT: INTERNET SECURITY SOLUTION
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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 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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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 for 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].

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OBAMA CONFIRMS BIDEN, GEITHNER, EMANUEL BRIBERY

cropped-chrisstory

PRESIDENT INTERVENES PERSONALLY TO STOP RELEASES, THEREBY MAKING HIMSELF PERSONALLY LIABLE FOR BILLIONS OF DOLLARS PLUS INTEREST

Sunday 30 May 2010 00:01

• OF UNPRECEDENTED IMPORTANCE: SEE LAWYER A. CLIFTON HODGES’ LETTERS TO THE BRITISH MONARCHY DATED 26TH AND 28TH MAY 2010 APPENDED BELOW. THESE LETTERS SPELL OUT THE PRECISE STATE OF PLAY OVER THE RELEASES AND THE EXTREME CRISIS AT THE HIGHEST LEVEL IN WASHINGTON, DC, ARISING FROM PRESIDENT OBAMA’S SABOTAGE OF THE RELEASES ON INSTRUCTIONS FROM GEORGE H. W. BUSH WHO IS BLACKMAILING AND THREATENING HIM. THIS IS A CRISIS WITH NO HISTORICAL PRECEDENT, AND THE FLABBY, COMPROMISED US/UK ‘MAINSTREAM’ FOURTH ESTATE HAS NO CLUE ABOUT IT.

• WE NOW HAVE PROOF THAT THE OBAMA WHITE HOUSE IS A CRIMINAL ENTERPRISE

• FURIOUS WHITE HOUSE REACTION TO OUR EXPOSURE
OF THE REAL REASONS FOR ADMIRAL BLAIR’S DISMISSAL

• WHITE HOUSE RESPONSE CONFIRMED THE ACCURACY OF OUR REPORT

• RESULTING ABJECT FAILURE OF GEITHNER’S VISITS TO PEKING, LONDON AND PARIS

• TO GET HIMSELF OFF THE HOOK, GEITHNER SIGNED OFF ON THE RELEASES
– ON THE SAME DAY THAT OBAMA STOPPED THEM IN HIS PERSONAL CAPACITY

• LENINIST MODUS OPERANDI FROM THE BUSH LEXICON

• PRESIDENT OBAMA INTERVENES RECKLESSLY IN HIS PERSONAL CAPACITY

• PERSONAL LIABILITY OF OBAMA POINTED OUT TO HIM BY HODGES

• BY ACTING ULTRA VIRES, OBAMA HAS EXPOSED AND CRUCIFIED HIMSELF

• GEITHNER TELEPHONED OBAMA FROM PARIS AND ASKED HIM TO DELAY THE RELEASES

• THAT OBAMA TAKES INSTRUCTIONS FROM BUSH SR.
IS NOW WIDELY ACKNOWLEDGED WHERE IT MATTERS

• GEORGE W. BUSH IS MOANING AND WINGEING
THAT HE AND HIS TEXAS BUDDIES ARE ALL BROKE

• SOME CENTRAL BANKS THAT WE THINK ARE INVOLVED
IN FINANCIAL CORRUPTION WITH THE FEDERAL RESERVE

• HODGES’ HAND-DELIVERED LETTER TO BUCKINGHAM PALACE DATED 26TH MAY 2010

• HODGES’ HAND-DELIVERED LETTER TO BUCKINGHAM PALACE DATED 28TH MAY 2010
THIS LETTER IS OF EXCEPTIONAL IMPORTANCE AND TELLS YOU THE STATE OF THE CRISIS.
COUNSEL FOR THE BLACK CAUCUS READ MR HODGES LETTER DATED 26TH MAY 2010 TO
OBAMA ABOARD AIR FORCE ONE AND INFORMED HIM THAT HE WILL PERSONALLY BE
LIABLE FOR BILLIONS OF DOLLARS HAVING INTERVENED IN HIS PERSONAL CAPACITY.

• OBAMA WAS ALSO TOLD THAT IF HE DIDN’T RELEASE THE FUNDS IMMEDIATELY, THE BLACK CAUCUS WOULD ABANDON HIM TO HIS FATE. VICE PRESIDENT BIDEN WAS ALSO MADE AWARE OF THE 26TH MAY LETTER AND COMMENTED THAT AS HE IS PERSONALLY COMPROMISED, HE COULD NOT TAKE OVER FROM OBAMA IN THE EVENT THAT HE IS REMOVED FROM OFFICE.

• BIDEN ADMITS HE CANNOT SUCCEED OBAMA AS HE’S PERSONALLY COMPROMISED

• SUMMARY OF RECENT DESPERATE ATTEMPTS BY THE CRIMS TO DIVERT THE FUNDS

• FOR THE ATTENTION OF MR LINDELL H. BONNEY, SR.: THE PREMEDITATED SCAMMING
BY LEO WANTA AND RICHMOND-BASED STEVEN GOODWIN OF THE EDITOR OF THIS SERVICE

ANNOUNCEMENT: 17 MAY 2010: INTERNATIONAL CURRENCY REVIEW RELEASED WORLDWIDE
Outline details of this week’s release of International Currency Review are displayed in the second panel immediately below the NEWS panel on our Home Page. Also released are two further issues of Arab-Asian Affairs. Volume 33, # 5 of this title reveals how the Israeli authorities disguised the physical identity of David Kimche, the Israeli spymaster, drug controller and Director of the Israeli Foreign Office, even after his death, which took place on 8th March 2010.

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• CMKM/CMKX CASE DOCUMENTS:
Press Archive for this report [29th January 2010]
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The biggest lawsuit in world legal history: The phantom share giga-scandal.

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NEW REPORT STARTS HERE:

WE NOW HAVE PROOF THAT THE OBAMA WHITE HOUSE IS A CRIMINAL ENTERPRISE
Astonishing developments since we last reported have confirmed that the White House is a criminal enterprise. Nothing surprising about that, we hear you respond.

No, nothing surprising at all – except that all related intelligence on this subject to date, while compelling, has been circumstantial.

• We now have the proof.

FURIOUS WHITE HOUSE REACTION TO OUR EXPOSURE
OF THE REAL REASONS FOR ADMIRAL BLAIR’S DISMISSAL
First, in response to our exposure that Vice President Joseph Biden, US Treasury Secretary Timothy Geithner, and White House Chief of Staff Rahm Emanuel have been accepting weekly and monthly Payola bribery checks ordered by the Bush-CIA-DVD Crime Syndicate, the White House exploded in anger.

Specifically, instead of issuing a denial or formulating some immediate dirty trick against the Editor of this service, the White House/CIA rounded on the agent who leaked this information to a contact and ‘chewed him up’.

Of course this fact was duly reported back to us. If the criminal Obama White House had had any residual sense at all it would have resisted the temptation to reprimand the agent for revealing these impeachable offences (in the cases of Messrs Biden and Geithner, BOTH can and should be impeached for taking bribes while holding high office). But no, as this White House is Blacker than Black, it gave way to its visceral fury at having been found out.

WHITE HOUSE RESPONSE CONFIRMED THE ACCURACY OF OUR REPORT
So it rounded on the agent and ‘chewed him’ – thereby CONFIRMING THE ACCURACY OF OUR REPORT. How stupid is that? Not that our report needed confirmation because, really, do you suppose we would have published such damaging intelligence if it had not been true?

Actually, what the White House reacted to was our exposure of the fact that Admiral Dennis C. Blair ‘resigned’ (was ‘asked to resign’) by Barack Obama because he had been pressing for the financial releases and because he had acquired documentary proof of the Payola bribery checks being paid to Biden, Geithner and Emanuel.

By proof we mean that Admiral Blair had obtained COPIES OF SOME OF THE WEEKLY AND MONTHLY BRIBERY CHECKS PAID TO THE CORRUPT BIDEN, GEITHNER AND EMANUEL.

Now, as you will already have deduced, there is another dimension lurking here.

Specifically, as reiterated above:

• Acceptance of bribery Payola payments by holders of high office in the United States is both a criminal and an impeachable offence.

So what does the criminal Obama White House do? Instead of sacking Biden, Geither and Emanuel and handing their cases over to the Justice Department or whatever other appropriate procedure would apply here, NO! It rounds on the agent who, though a signatory of the US equivalent of the British Official Secrets Act, found this behaviour too much even for his steel stomach to digest.

This tells you all you need to know about the Obama White House.

• Like its recent predecessors, it is a CESSPIT OF INIQUITY.

The passage from the preceding report to which the White House reacted in fury, thereby confirming the accuracy of our report, is appended as Note (1) below.

RESULTING ABJECT FAILURE OF GEITHNER’S VISITS TO PEKING, LONDON AND PARIS
The sequel to this was the complete failure of Mr Geithner’s related hurried trips to Peking, London and Paris. Specifically:

• In the Chinese capital, Geither, as we reported in a Newsflash dated 26th May, attempted to ‘do a deal’ with the Chinese authorities, Lien holders against the US Treasury in the aggregate sum of $47 trillion, effective 6th December last year [see reports]. The Chinese authorities refused to entertain any such duplicity and told Geithner as sharply as they could: ‘NO. GET IT DONE’.

• In the British capital, Geithner incurred the clearly visible displeasure of George Osborne, the new Chancellor of the Exchequer. A photograph of the two published on page 55 of the Times, London, dated 27th May 2010, showed Osborne clearly annoyed at something Geithner had just said, and Geithner looking at him with extraordinary arrogance. A similar photograph appeared in the Wall Street Journal. The caption to The Times’ picture read as follows:

‘George Osborne appeared to be slightly at odds with the US Treasury Secretary Timothy Geithner, left, over the issue of a specific rescue fund’.

Note the extraordinarily VAGUE description of the fund in question. There seems little doubt that the ambiguous ‘specific rescue fund’ referenced the Dollar Refunding Program which Geithner has been blocking – although the newspaper then ran down the diversionary rabbit hole of discussing Geithner’s call for Europe’s leaders to ‘shore up’ the Euro and calm global markets by putting their rescue plan into action quickly, undsoweiter. That programme is in jeopardy now because the US Senate has voted 98-0 to prohibit the International Monetary Fund (effectively nowadays a branch of the White House) from pouring good money down debt spiral sink-holes.

• In the French capital, Geithner attempted, as in China, to ‘do a deal’ with the French authorities, and was duly told to back off and shown the door.

So the recipient of Bush Payola bribes, Timothy Geithner, Secretary of the United States Treasury, achieved precisely NOTHING on this trip, except to discover that the three key players (we don’t know what happened in Germany), had seen through him for the duplicitous, dirty, double-dealing wheeler-dealer, sheister and criminal financier that he is.

TO GET HIMSELF OFF THE HOOK, GEITHNER SIGNED OFF ON THE RELEASES
– ON THE SAME DAY THAT OBAMA STOPPED THEM IN HIS PERSONAL CAPACITY
On Saturday 29th May, the Editor was informed, and obtained immediate confirmation, of the fact that Geithner, signed off on the releases on Friday 28th May, on his arrival back in Washington. Having been slapped down in Peking, London and Paris, this increasingly pathetic recipient of Bush’s Payola bribes doubtless sought to exonerate himself and to get himself off the hook by authorising the hijacked and criminally delayed release payouts – aware that his signature on the relevant documents was meaningless.

• Note: We originally thought that Geithner signed off on Saturday 29th: but it has been clarified that he signed the necessary authorisations for the releases on Friday 28th, the very same day on which Mr Obama took it upon himself to intervene IN HIS PERSONAL CAPACITY as narrated in this report, to frustrate the releases ostensibly until 1st June (Tuesday). These contradictory actions turned out to be a dialectical ploy too far, which has exploded in the faces of these criminals.

• As you will see from Mr A Clifton Hodges’ letter to Buckingham Palace dated 28th May, copied as stated on the letter to the Editor of this service, Counsel for the Black Caucus reacted with fury at Mr Obama’s betrayal, as he sees it, of the American Black community, and with justification. On 30th May, we learned that it has been decided that Obama will not be re-selected to run as President again. He will be a one-term President, and it is now on the cards that he may have to be removed from the White House much earlier than the end of his term. Vice President Biden has stated that he is ‘personally compromsied, and therefore unqualified to succeed President Obama’.

• Why was Geithner’s sign-off on Friday 28th May meaningless?

Because these crooks are playing exactly the same game that was repeatedly played by George W. Bush, Henry M. Paulson, Richard B. Cheney et al. under the preceding corrupt White House – the game called ‘pass the parcel’, i.e. everyone blames everyone else, by rote. That way, nothing ever happens, the ‘Never Pay Syndrome’ is perpetuated, and nobody is ever to blame.

The problem this time round, however, is that in signing off on Friday 28th May, Timothy Geithner indicated to those not sitting on their brains, that he is even more of a fool than the village idiot he acted out in Peking, London and Paris.

• Because, President Obama has compromised himself and has PERSONALLY intervened to contradict what he had ordered in his official capacity, ON THE ORDERS OF GEORGE H. W. BUSH.

And since the duplicitous little clown Geithner knows this full well, by signing off on the releases precisely ONE DAY AFTER OBAMA HAD PERSONALLY INTERVENED TO STOP THEM, Geithner has signalled that he is a careless deceiver, a desperate liar and a mendacious recipient of Bush Sr.’s bribes who, knowing that his boss had only just intervened PERSONALLY to stop the payouts a day earlier (see below), DEEMED IT ‘SAFE’ TO DO THE OPPOSITE in the knowledge that Barack Obama is the backstop taking orders directly from criminal Godfather Bush Senior.

The problem you face, Mr Geithner, is that we and others have seen right through your desperate and despicable duplicity – so that you, Sir, have nowhere to hide. You were told where to get off in Peking, London and Paris and you have frankly BLOWN IT. You purport to have ‘got the message’ by signing off on 28th May, but in reality you have been exposed, in conformity with Story’s Third Law: ‘Sooner or later, all operations and covers are blown’.

• AND BELIEVE US, THIS ENTIRE FINANCIAL HIJACKING OPERATION HAS BEEN BLOWN.

LENINIST MODUS OPERANDI FROM THE BUSH LEXICON
Again, there is a further dimension here. Notwithstanding that Geithner and the other snakes have long since been exposed before the whole world (the Chinese Government reads our reports), Mr Geithner still considered it worth trying to ‘do deals’ when all the relevant foreign parties have seen right through him and have resolved to resist this cesspit of American official corruption.

We are informed by a knowledgeable US source that the rationale behind this behaviour is derived from the Bush lexicon, which incorporates a Leninist technique that can be summarised as follows:

• Leading a target by the nose, enticing the target incessantly (‘bait’) and continuing this process far beyond the bounds of human tolerance, long after no progress has been made – in the firm expectation, born of experience, that eventually the target will crack and will ‘do a deal’.

Of course when the target cracks and makes this crass mistake, he finds that he has been double-crossed, because the Bush lexicon then prescribes that the despised target is at once let down and double-crossed – i.e., that the agreed-upon deal is reneged upon instead. This, by the way, is PURE UNADULTERATED REVOLUTIONARY LENINISM. Study Lenin and you will discover that this is precisely the modus operandi taught by that son of Belial.

So, one highly satisfactory outcome that we can reasonably report is that our exposure of the true factors behind the ‘resignation’ of Admiral Dennis C. Blair contributed to the ABJECT FAILURE AND HUMILIATION of Treasury Secretary Geithner’s latest DESPERATE attempt to get out of the bind he is in by trying, even at this late stage, to subvert and corrupt the key foreign parties pertinent to this crisis, for which Geithner is responsible.

PRESIDENT OBAMA INTERVENES RECKLESSLY IN HIS PERSONAL CAPACITY
The second proof we now have that the Obama White House is a criminal enterprise arises from a quite extraordinary development that occurred on Thursday 27th May 2010.

• We were informed about this on the following day.

Specifically, it was reported to Mr A. Clifton Hodges, the US lawyer with whom we are in close contact, by the US Gold Badge Signatory. Lindell H. Bonney Sr., chosen by MI6 to interact with all concerned as Paymaster, that on 27th May, Obama PERSONALLY intervened to contradict:

• His own prior signed OFFICIAL authorisation for the financial releases to proceed.

• The requirements of the Lien Holders to the same effect.

• The instructions of the World Court in the same context.

• The requirements of the Basel List which includes fulfillment of the Line Item requiring the sovereign loan to be remitted as ordered, to the securities account with Morgan Stanley, New York, of Michael C. Cottrell’s firm Pennsylvania Investments, Inc.

Having by then exhausted all possibilities for double-dealing and duplicity, President Barack Obama committed the fatal mistake of ‘piercing the veil’ of his Presidential authority, by stepping outside the bounds of his office and committing the most grievous offence ultra vires.

The information conveyed to us by Mr Hodges derived from the Gold Badge Signatory confirmed that Obama picked up the phone and GAVE ORDERS IN HIS PERSONAL CAPACITY for the Bank of America, Richmond et al. to STOP the release payouts, making Mr Obama PERSONALLY LIABLE – ostensibly until the first of June (Tuesday) (although we interpret that date as simply the next stop by the Bushtrain called ‘Never Pay Syndrome’).

PERSONAL LIABILITY OF OBAMA POINTED OUT TO HIM BY HODGES
This, including the PERSONAL LIABILITY OF PRESIDENT OBAMA resulting from his PERSONAL INTERVENTION, is all CONFIRMED in the following letter dated 27th May 2010 to President Obama from Mr A. Clifton Hodges, of Hodges and Associates, Pasadena, California, lawyer for the CMKX SEC scamming victims and for Michael C. Cottrell, B.A., M.S. and his corporations Pennsylvania Investments, Inc., and Cottrell Securities Limited, London:

HODGES AND ASSOCIATES
A PROFESSIONAL LAW CORPORATION
4 East Holly Street
Suite 202
Pasadena
CA 91103
Tel: (626) 564-9797
Fax: (626) 564-9111

A. Clifton Hodges
James S. Kostas
Donald W. Ricketts, Of Counsel

May 27, 2010
Via Facsimile Only: (202) 456 2461

Honorable Barack Obama
President of the United States of America
White House
Washington, DC

In re: World Global Settlements

Dear Mr President

I write to you again this afternoon in furtherance of my previous recent correspondence regarding prompt dissemination of the World Global Settlements.

As I have previously stated, I represent some 50,000 shareholders who are to be paid a settlement which consist mainly of monies collected from banks, brokerages, hedge fund corporations, market makers, the Depository Trust Corporation/Federal Reserve, and various billionaire ‘naked-shorter’ individuals, as well as some monies due from the SEC for damages. I have also been involved in the representation of other payees awaiting this distribution and have, in such capacity, been in direct communication with the UK Royal Monarch.

I am currently advised and understand the following:

• A portion of the World Global Settlement funds have been collected and are presently held in the custody of the Bank of America in Richmond, VA.

• Said funds are sufficient to cover all disbursements to be made by the authority of the Paymaster who has now spent more than eight weeks over the past three months, in Richmond, for the purpose of concluding these transfers.

• The Paymaster authority has, at the direction of the Pentagon, London, et al., been present in the Bank in Richmond every day this week to complete the transfers.

• This morning he was advised by “both sides” that each desired this matter to be concluded as soon as possible and that he should be available to enter the bank to consummate the transfers.

• AS OF 6:00 P, EDT, THE PAYMASTER AUTHORITY PERSONALLY ADVISED ME THAT YOU PERSONALLY, MR PRESIDENT, WANTED AND HAD DIRECTED THAT THESE FUNDS BE HELD THROUGHOUT THE COMING HOLIDAY WEEKEND.

• I have previously been advised that you had given specific written authorization of these transfers and confirmed the same verbally just this week.

Mr President, I sincerely hope that my information is incorrect; because, as I am certain you are aware, your personal involvement in delaying this distribution is an ultra vires action which exposes you to personal liability for the sums involved and for accruing interest thereon. I would certainly not want to see you personally involved in the future dénouement of this matter.

As I have previously advised in my communications to you, only your direct intervention will be efficacious in bringing this matter to conclusion.

Mr President, I implore you to facilitate conclusion of this matter forthwith. There is simply no legal basis for any further delay. Please act consonantly with your previous statements and promises.

I would very much appreciate your written confirmation that you will do so immediately; accordingly, I will withhold public distribution of this correspondence until 8:00 pm EDT today.

Sincerely,

Hodges and Associates

[Signed]: A. Clifton Hodges

ACH.gm

Cc: Her Majesty, Queen Elizabeth II
Lindell H. Bonney, Sr.
Clients

BY ACTING ULTRA VIRES, OBAMA HAS EXPOSED AND CRUCIFIED HIMSELF
This is a new paradigm, and totally new dimension. Why?

Because in stepping outside the bounds of his office, Mr Hussein Barack Obama thereby MADE HIMSELF PERSONALLY LIABLE inter alia for the billions of dollars to be earned as interest over the long weekend ending on Monday 31st May. Under inter alia the legal principle that ‘the money you make by illegally exploiting my money is my money’, Mr Obama became personally responsible for disgorging the funds illegally earned over (at least) the four-day period mentioned.

Stepping outside the bounds of his office (A FACT confirmed by the key Gold Badge Signatory and given the lawyer’s imprimatur) also made Barack Obama vulnerable to ARREST IN HIS PERSONAL CAPACITY and to being handcuffed and hauled out of the White House cesspit for incarceration pending indictment IN HIS PERSONAL CAPACITY.

This is an entirely NEW development. ‘Piercing the veil’ of official authority is an established legal principle, and Obama has been arrogant, stupid and thoughtless enough to consider that the risks he took when acting ultra vires were ‘worth taking’.

Considering that this corrupt President considers it appropriate to order a reprimand for the agent who divulged the fact that Admiral Dennis C. Blair ‘resigned’ because he had been in favour of the lawful settlement releases and because he had the necessary documented bribery goods on the Jesuit Biden, and on Geithner and Emanuel, instead of having the receivers of the corrupt Payola bribes handed over to the competent authorities and subjected to whatever procedures would apply in these circumstances, it is hardly surprising, we suppose, that this play-acting, shallow, arrogant impostor considered the risk of a PERSONAL intervention one worth taking.

Of course, while intervening in his PERSONAL capacity, Obama would have deceived the parties at the other end of the telephone into believing that he was acting in his OFFICIAL capacity. But he could hardly do that, because he had already signed off OFFICIALLY to order the payment releases.

• So he found himself boxed into his own deception hell and took the risk anyway.

• Note: On Saturday 29th May, Mr Hodges elaborated in response to the Editor’s request for legal elucidation of the ultra vires concept, as follows. You will find his observations enlightening:

‘The real point of the sword is that Obama was acting in an ultra vires capacity.

This is a legal concept which in constitutional law means acting outside the various powers that are constitutionally authorized. To go outside those constitutional powers is to act ultra vires; for example, although the Court did not use the term, in striking down a Federal law in United States v. Lopez on the grounds that it exceeded the Constitutional authority of Congress, the US Supreme Court effectively declared the law to be ultra vires.

In this case, the President acted personally in response to a request from the Shrubs through Geithner who called him from Paris and demanded that Obama delay distribution until after the Holiday. This in no way is a Presidential directive; this is a personal response to an outside request. This act was in contravention of prior national/international agreements and in no way affected dollars belonging to the United States’.

GEITHNER TELEPHONED OBAMA FROM PARIS AND ASKED HIM TO DELAY THE RELEASES
As you can see, Mr Hodges states that Geithner telephoned the President to ask him to delay the releases until after the Holiday. AND YET, on Saturday 29th May, Timothy Geithner signed off on the releases, having previously asked the President to stall and block them. President B. Obama then intervened IN HIS PERSONAL CAPACITY, having previously OFFICIALLY approved and sanctioned the releases both verbally and in writing. In other words, these deceivers are tripping themselves up and are being exposed even as they do so.

They are a despicable, low cabal of conniving, lying losers, bending with every angry telephone call from the Bush Crime Syndicate, switching from one dialectical stance to the opposite, from one moment to the next, living in their own chaotic, self-inflicted hell.

And the reason they respond in panic to every angry telephone call from the Bush Crime Syndicate may be that both characters are being blackmailed and have been threatened with liquidation.

THAT OBAMA TAKES INSTRUCTIONS FROM BUSH SR.
IS NOW WIDELY ACKNOWLEDGED WHERE IT MATTERS
Now in this context, it has been authoritatively conveyed to us that it is now, finally, OPENLY UNDERSTOOD in circles that matter that Barack Obama TAKES HIS INSTRUCTIONS FROM GEORGE H. W. BUSH, the Godfather of Godfathers, the visible head of the serpent, the dirty dog who is holding the whole world to ransom and whom the cowardly, weak, pathetic, corrupt American authorities cannot bring themselves to ‘put out of business’.

We can yet again speculate as to why this is, but the likeliest generic answer is one that we have mentioned before – namely, that a professional criminal specialises in compromising his targets, so that (he thinks) they cannot move.

But the blackmailee is in fact usually in a stronger position than the blackmailer: because if the blackmailee exposes the blackmailer, the blackmailer has no further weapons in his locker.

However in an overall context of illegal financial transactions, the blackmailee is caught, because he has been engaged in illicit financial transactions, tax evasion and other criminal activities such as wire fraud (20 years): so the vast army of the criminally compromised have opted to keep their heads down and hope they don’t get picked up in the ongoing purge (triggered to some extent by these exposures).

Notwithstanding the foregoing, there are still uncompromised cadres within the US structures who can perfectly well perform the long overdue and absolutely necessary neutralisation of the Bush Crime Family (because it isn’t just Senior who needs to be neutralised).

GEORGE W. BUSH IS MOANING AND WINGEING
THAT HE AND HIS TEXAS BUDDIES ARE ALL BROKE
On a related Bushnote, we have it on impeccable TEXAS authority that:

• The Bush Crime Family and Bush Sr. are now being cut out of the releases. (This information is periodically reversed, with us being told that these crooks are to be paid off. But the latest version of this dialectic is as stated here).

• George W. Bush is complaining and whining and wingeing that he hasn’t got enough money even to maintain his ranch at Crawford, and that all his formerly rich Texas buddies are out of funds and in various stages of financial bust and bankruptcy. One wonders what on earth happened, then, to all the money that Bush and Clinton sucked from suckers who fell headlong for their hypocritically criminal demands for cash for the suffering Haitians after the United States contrived a ‘natural event’ in order to gain access to Haiti’s oil and mineral resources and to control the Haitian Central Bank for illicit trading purposes via the Federal Reserve Interbank Settlement Fund.

SOME CENTRAL BANKS THAT WE THINK ARE INVOLVED
IN FINANCIAL CORRUPTION WITH THE FEDERAL RESERVE
Incidentally, here is an incomplete list of other central banks that we have reason to believe have been involved in corrupt financial operations with the US authorities:

Banco de la Republica, Colombia
Banco do Brasil
Bank of Uganda
Canco Central de la Republica Argentina
Central Bank of Kenya
National Bank of Hungary
Nepal Rastra Bank
Reserve Bank of Zimbabwe

HODGES’ HAND-DELIVERED LETTER TO BUCKINGHAM PALACE DATED 26TH MAY 2010
On 26th May 2010, Mr A. Clifton Hodges, of Hodges and Associates, Pasadena, California, lawyer for CMKX SEC scamming victims and for Michael C. Cottrell, B.A., M.S. and for his two corporations Pennsylvania Investments, Inc., and Cottrell Securities Limited, London, wrote as follows to the most senior official at Buckingham Palace, London SW1. This letter was followed by a further letter to Buckingham Palace dated 28th May 2010 which is of EXCEPTIONAL IMPORTANCE: see below.

[The name of the identified top official has been redacted by the Editor]:

HODGES AND ASSOCIATES
A PROFESSIONAL LAW CORPORATION
4 East Holly Street
Suite 202
Pasadena
CA 91103
Tel: (626) 564-9797
Fax: (626) 564-9111

A. Clifton Hodges
James S. Kostas
Donald W. Ricketts, Of Counsel

The Rt. Hon. [NAME REDACTED] CVO, OBE
Buckingham Palace
London SW1A 1AA

May 26, 2010
Hand Delivered

Re: U.S. Dollar Refunding Project

Dear Honorable [NAME REDACTED]:

I most recently wrote to you on May 21, 2010 to transmit copies of three letters which I had recently sent to President Obama relating to the matters referenced in papers delivered to the Palace under cover of my letter dated April 28, 2010. I write to you again in furtherance to that subject on behalf of my clients Michael C. Cottrell, B.A., M.S., of Erie, Pennsylvania, USA, and his corporations: Pennsylvania Investments, Inc., registered in the Commonwealth of Pennsylvania, and Cottrell Securities Limited, registered in England and Wales.

As I similarly gave notice to President Barack Obama, I am currently advised and understand the following:

• A portion of the World Global Settlement funds have been collected and are presently held in the custody of the Bank of America in Richmond, VA.

• Said funds are sufficient to cover all disbursements to be made by the authority of the Paymaster who has now spent more than eight weeks over the past three months, in Richmond, Virginia, for the purpose of concluding these transfers.

• The Paymaster authority has, at the direction of the Pentagon, London, et. al., recently returned to Richmond to consummate the transfers, and has been advised each day this week that the funds will be able to be transferred to the BASEL – identified trustees.

• Mr. Leon Panetta is currently present at the Bank of America, but continues to delay the ability of the Paymaster authority, and his access to effect transfer of the World Global Settlement funds.

• It clearly appears at this time that Mr. Panetta and/or others are diligently working to delay payout of these funds; it also seems self-evident that this will continue absent outside intervention.

As I have previously indicated, I am persuaded by these facts, that only the direct intervention of the Royal Monarchal Power will be efficacious in bringing this matter to conclusion.

I request, kind sir, your assistance in bringing this matter to the attention of Her Majesty and others as appropriate. Any further delay will not only exacerbate the conditions under which we all must operate, but will certainly serve to encourage those seeking even further delay.

This is a matter which it seems will only be concluded at such time as the Royal Monarchal Power either demands it, or utilizes the power which has been granted to effect closure through direct means. I apologize in advance for having to involve your once more in this situation; however, circumstances dictate that direct intervention is now a necessity.

Thank you very kindly in advance for your help; it is truly appreciated by many, and will indeed have a very significant impact on the future financial health of the world.

Sincerely,

HODGES AND ASSOCIATES

[Signed] A. CLIFTON HODGES

ACH/gm
Enclosures

Cc: Michael C. Cottrell
Christopher Story

HODGES’ HAND-DELIVERED LETTER TO BUCKINGHAM PALACE DATED 28TH MAY 2010
On 28th May 2010, Mr A. Clifton Hodges, of Hodges and Associates, Pasadena, California, the lawyer for CMKX SEC scamming victims and for Michael C. Cottrell, B.A., M.S. and for his two corporations Pennsylvania Investments, Inc., and Cottrell Securities Limited, London, wrote as follows to the most senior official at Buckingham Palace, London SW1.

[The name of the identified top official has been redacted by the Editor]:

This letter is of EXCEPTIONAL IMPORTANCE: IT TELLS YOU THE MAGNITUDE OF THE CRISIS:

HODGES AND ASSOCIATES
A PROFESSIONAL LAW CORPORATION
4 East Holly Street
Suite 202
Pasadena
CA 91103
Tel: (626) 564-9797
Fax: (626) 564-9111

A. Clifton Hodges
James S. Kostas
Donald W. Ricketts, Of Counsel

The Rt. Hon. [NAME REDACTED] CVO, OBE
Buckingham Palace
London SW1A 1AA

May 28, 2010
Hand Delivered

MOST URGENT

Re: U.S. Dollar Refunding Project

Dear Honorable [NAME REDACTED]:

I most recently wrote to you on May 26, 2010 to solicit the assistance of Her Majesty Queen Elizabeth II in securing the release of funds being held in the U.S. which are required for implementation of the U.S. Dollar Refunding Project. I write to you again in furtherance to that subject, on behalf of my clients Michael C. Cottrell, B.A., M.S., of Erie, Pennsylvania, USA, and his corporations: Pennsylvania Investments, Inc., registered in the Commonwealth of Pennsylvania, and Cottrell Securities Limited, registered in England and Wales.

As of the afternoon of May 28, 2010, I am currently advised and understand the following:

• World Global Settlement funds have been collected and remain in the custody of the Bank of America in Richmond, Virginia.

• Said funds are sufficient to cover all disbursements to be made by the authority of the Paymaster who has now spent more than eight weeks over the past three months, in Richmond, for the purpose of concluding these transfers in accord with the BASEL agenda.

• I became aware on May 27, 2010 that President Barack Obama had personally intervened in the scheduled May 27 release of funds, and had instructed that the funds be held until after the U.S. Memorial Day Holiday.

• As any further delay in disbursement of these funds will engender considerable harm to many, and is without any legal basis, I wrote to President Obama putting him on notice and soliciting his cooperation. [A copy of that letter is attached]. [EDITOR: SEE ABOVE].

• My letter to President Obama was distributed to all parties dealing with the World Global Settlement funds, to both political parties in Washington, D.C., to the Democratic Caucus and its counsel, to the Black Caucus and its counsel, and to President Obama’s priest.

• The letter was also submitted to the British Royal Monarchal Power through your good offices; Mr. L.H. Bonney, Sr. has also verified that a copy of the letter was submitted to, and received by, Her Majesty, Queen Elizabeth II through MI-5 and MI-6.

• Counsel for the Black Caucus immediately recognized that a criminal offense had been committed; he advised that he would directly inform the President by reading the letter to him on Air Force One today, as well as advise the President of his personal responsibility, over the four day weekend, for costs in the “Billions of USD”. Said counsel also stated that “if release [of the funds] was not taken care of today – they [the Black Caucus] would wash their hands of him [President Obama]”.

• Vice President Biden was also informed of the May 27, 2010 letter, provided with a copy, and discussed the veracity of President Obama taking direction from former President G.H.W. Bush; he indicated that President Obama’s citizenship status was being used as very effective leverage against the President.

• Vice President Biden also admitted that he was personally compromised, and [was] therefore unqualified to succeed President Obama in the event that the President’s tenure is successfully attacked.

• It now appears that it is only a matter of time before formal process is instituted to remove President Obama from office; however the “Succession List” has now been severely compromised by the failure to complete distribution of the subject funds.

• I was advised at noon time this date that the on-site Paymaster authority, Mr. L.H. Bonney, Sr, had confirmed at Bank of America that no communication had been received from President Obama regarding authorization for release of the Settlement funds; accordingly, he was returning to Ohio.

• Prior to Mr. Bonney’s departure he further advised that all collected funds were in a “locked-down” mode, and that all else is now in written form for further use in resolving the issue of final distribution of these Settlement funds.

As I have previously indicated, I am persuaded by these facts, that only the direct intervention of the Royal Monarchal Power will be efficacious in bringing this matter to conclusion.

To secure release of these Settlement funds, it is now imperative that the Royal Monarchal Power exercise that power, as a U.S. Treasury lien-holder, to effectuate timely resolution. Any further delay will not only jeopardize the severely stressed world financial condition, but will certainly serve to encourage those seeking even further delay.

This is a matter which now clearly seems can only be concluded at such time as the Royal Monarchal Power utilizes the power which has been granted, to effect closure through direct means. I apologize in advance for having to involve you further in this situation; however, circumstances dictate that direct intervention is now an imperative.

Thank you very kindly in advance for your help; it is truly appreciated by many, and will indeed have a very significant impact on the future financial health of the world.

Sincerely,

HODGES AND ASSOCIATES

[Signed] A. CLIFTON HODGES

ACH/gm
Enclosures

Cc: Michael C. Cottrell
Lindell H. Bonney, Sr.
Christopher Story

SUMMARY OF RECENT DESPERATE ATTEMPTS BY THE CRIMS TO DIVERT THE FUNDS
We have listed some of the recent operations by the official US kleptocracy to prevent the lawful distribution of the hijacked releases, but these bear repetition in view of further attempts by Wanta to pervert the course of justice and to contrive, on behalf of his master Mr George H. W. Bush, to capture some portion of the payouts.

The most conspicuous recent criminal operations under this heading have included:

• The Wanta ‘Principality of Snake Hill’ deception ploy which we exposed comprehensively in September 2009 and subsequently, the purpose of which was to procure the illegal transfer of funds via Wanta’s signature into the hands of a fake, non-existent virtual ‘Central Bank of Snake Hill’ but in reality into the hands of Bush’s money-laundering Carlyle Group via the French Embassy originally under Levitte, now Sarkozy’s intelligence adviser, who was formerly French Ambassador to Washington – Sarkozy’s half brother ‘Oliver’ being a senior executive with Carlyle Group.

Notwithstanding our absolutely definitive exposure of this crude deception, Wanta’s arrogance is such that he continued shovelling this claptrap out via the Internet for ignorant parties, including a discredited hired female hack, to pick up and run with. That operation has been so badly bashed, that it should by now be terminated (although an extraordinary feature of these snakes is that they never seem to understand that they’ve been trampled on). As for the ‘in-your-face’ display of gross arrogance associated with the ‘snake’ in ‘The Principality of Snake Hill’ and the graphic display of a serpent on the decaying ‘Snake Hill’ websites, we attribute these aberrations to the propensity for these snakes to be blinded by their own lies, cunning and arrogance.

• The insertion of the Mafioso Salvatore R. DeFrancesco as false ‘Secretary’ on the Pennsylvania Department of State Corporation Bureau screen displayed for Michael C. Cottrell’s Pennsylvania Investments, Inc.. We BLEW THAT OPERATION, causing immense ripples right the way up the food chain, resulting inter alia in the Gold Badge Signatory having to be equipped with bodyguards 24/7.

• The attempt by the criminal former US Vice President and top CIA criminal operative Richard B. Cheney to foist false gold certificates on Bank of America, Atlanta, in order to try to siphon $2.0 trillion from the release money – an attempt that resulted in this odious operative being physically manhandled out of the bank’s premises. Cheney was accompanied by Carlyle Group executives.

• The attempt almost immediately afterwards by the Pearce character in Paris and his Dallas side-kick who was in touch with us, spying on us on behalf of Bush Sr. for two and a half years, to pull a similar operation in Paris over the subsequent weekend (22-23 May 2010) – the object here being to steal a similar sum of money from the release funds. The final outcome for these perpetrators is believed to have been horizontalisation, but this has not been confirmed.

• The sudden appearance at the Gold Badge Signatory’s side last week of the dark character Leon Panetta, the Director of Central Intelligence (CIA) [see Mr Hodges’ letter to the Palace]. This was initially reported to us as a positive development, but the Editor warned that Panetta’s task would more probably be to frustrate the releases: which is what happened. Panetta was at the bank on 25th May. Immediately afterwards, he flew to Bulgaria and then had dinner with the Bulgarian Prime Minister, Boyko Borisov, on the evening of 26th May. Also attending the dinner were the Bulgarian Interior Minister and the Directors of three Bulgarian intelligence agencies.

We are now advised that Panetta has been ‘neutralised’ in this context. Specifically, Leon Panetta was ‘taken out of the picture’ on 27th May, following receipt of the Hodges letter to Buckingham Palace dated 26th May 2010: in other words, Mr Hodges’ request for outside intervention appears to have been acted upon. However Panetta’s departure on his visit to Bulgaria, which had been arranged in September 2009, was the practical reason for him being ‘taken out of the picture’.

With Panetta no longer able to interfere, Obama resorted to his reckless PERSONAL intervention on Friday 28th May, contradicting his earlier written and verbal assurances as stated above.

• Finally, and any sane person wouldn’t believe this: but since we are dealing with a snakepit, you need to! We have previously reported that Wanta recently resurrected the Petition for a Writ of Mandamus that we reported, and the text of which can be accessed in our Archive (June 2007 et seq.). We also reported that the Editor sat in the Courthouse in Alexandria throughout proceedings on 19th October 2007, along with Mr Wanta, Michael C. Cottrell, B.A., M.S., and Colonel Dana Wilcox, plus of course representatives of the Reserve Bank of Richmond, who had filed a petition to the Court for the Writ of Mandamus to be dismissed.

We further reported that when finally called to the witness stand, Wanta waved his arms around like a jackass and made an absolute fool of himself: on purpose. Because by now he thought he had secured a kind of ‘agreement’ with his evil pal Richard B. Cheney and his boss Bushsnake Senior, and Bushsnake Junior, so that by his reckoning the legal process that he had triggered (prepared by his odious CIA lawyer Thomas Henry, a.k.a. ‘Mr Nasty’) was redundant. After the hearing, Wanta was full of beans, joshing and joking, as he thought he had pulled this one off.

However quite recently, his options having closed tight shut, Wanta revived the Petition for a Writ of Mandamus, and refiled it on 9th April 2010. We responded some reports ago by publishing the ACTUAL TEXT OF THE WRIT OF MANDAMUS which has been displayed in our Archive for the past THREE YEARS. Self-evidently, when publishing a legal document, the text is shown precisely as presented to the Court.

We pointed out that there were suspicions that Wanta had represented ‘facts’ that diverged from the precise text of the Petition for a Writ of Mandamus, and that in such an event he may have been seeking to distort the ‘truth’ as presented to the United States Court for the Eastern District of Virginia, Alexandria: in which case either the text of the Petition was incorrect, implying that he perjured himself before the Court, or else he was now distorting the facts as presented to the Court which represents a felony against the Court (not a problem for this serial felon).

On 28th May 2010 we were authoritatively advised of the following facts:

• It appeared that Wanta had indeed represented to authority certain facts at variance with the Petition for a Writ of Mandamus.

• The Writ of Mandamus having been refiled on 9th April 2010, the matter was then subjected to a FORMAL OFFICIAL INVESTIGATION (we are not sure by which authority) and the outcome of the investigation was that Wanta’s attempt at self-justification and to ‘validate’ the release of payout settlement funds to himself by this means was found to be spurious. As a result, the attempt to divert funds via this mechanism therefore failed (2).

We hate to be too cynical, but it is likely that the investigation looked into this matter in order to see whether there was any merit in using this route to procure illegal extraction of release funds.

You will of course also recall that the dual-named Lee or Leo Wanta and his CIA lawyer Steven Goodwin scammed the Editor out of his loan of $35,000 plus interest by preparing and submitting for signature false loan documents, a felony involving FRAUD IN THE INDUCEMENT, for which, on conviction, both perpetrators can be jailed. It should be added that our experience of Wanta is that he does nothing that does not entail lies and deception. We have a list of proven lies that this man has perpetrated, including lies about the Editor of this service. SEE IMMEDIATELY BELOW:

••••••••••••••••••••••••••••••••••

FOR THE ATTENTION OF MR LINDELL H. BONNEY, SR.: THE PREMEDITATED SCAMMING
BY LEO WANTA AND RICHMOND-BASED STEVEN GOODWIN OF THE EDITOR OF THIS SERVICE
This matter is highly pertinent for the relevant US authorities, INCLUDING THE GOLD BADGE SIGNATORY, MR LINDELL H. BONNEY, SR., given that if ANY funds are distributed to Wanta, a felon who cannot own a bank account (although he reportedly has an account with the US Treasury) they will be engaged in the criminal diversion of funds into the hands of a fraudster engaged in Fraud in the Inducement who has scammed this Editor of his loan funds, and who, with his co-conspirator, the RICHMOND-based Steven Goodwin, deliberately and knowingly perpetrated this scam against the Editor of this service. The relevant documents are reproduced again herewith, excerpted from our report cdated 27th April 2009:

WANTA-GOODWIN FRAUD IN THE INDUCEMENT AGAINST THE EDITOR UNDER DURESS
The loan documents proffered by Richmond-based CIA lawyer Steven Goodwin for the Editor’s meeting with Wanta on 10th June 2005, ‘arranging’ for the Editor to provide Wanta with a personal loan of $35,000 repayable at 7% annual compound interest two years later, were FRAUDULENT, involving FRAUD IN THE INDUCEMENT of the Editor by Wanta and Goodwin UNDER DURESS.

This was a carefully premeditated scam, in which Steven Goodwin collaborated with Wanta to deceive the Editor of this service, who duly provided the $35,000 loan which Wanta has stolen.

Some of the Editor’s funds were/are still held illegally by Steven Goodwin, after he finally made the necessary restitution and fee payments to the Wisconsin Department of Corrections on 21st July 2005, which ‘bought’ the truncating of Wanta’s probation in Wisconsin by five years and two weeks.

The documents were/are as follows:

PROMISSORY NOTE
US DOLLARS 35,000.00
JUNE 19TH, 2005

FOR VALUE RECEIVED, the undersigned, promises to pay to the order of Christopher Story, the sum of THIRTY FIVE THOUSAND AND 00/100 US Dollars with interest at the rate of seven percent (7%) per annum thereon, the principal being payable, without offset, at [address] World Reports Limited, 108 Horseferry Road, Westminster, London SW1P 2EF, United Kingdom, or at such other place as the holder may designate in writing with payments to begin 365 days from date of this Note and due in full 730 days thereafter.

The payment of the principal balance of this Note may be prepaid in whole or in part, at any time or from time to time, without penalty.

This Note may be accelerated upon the death of any maker or at the option of the holder so that all remaining principal and accrued interest shall be payable upon the later of 30 days after the date of any maker’s or Guarantor’s death or 15 days after the holder provides written notice to the maker at its principal place of business that the holder is exercising his right to accelerate the amounts due hereunder. In the event of default in the payment of any amount due under this Note, the holder may declare the entire unpaid balance, principal and interest, to be immediately due and payable and thereafter may exercise any remedies provided by applicable law.

The holder of this Note shall have the right to enforce any one or more available remedies in whole or in part, successively or concurrently.

The maker of this Note waives presentment, protest, and notice of dishonour; agrees that an extension or extensions of the time of payment of this Note, or any installment or part thereof, may be made before, at or after maturity by agreement with anyone or more of the parties to this Note without notice to and without releasing the liability of the other party under this Note regardless of which parties are notified of the extension or extensions; waives the benefit of all exemptions as to the debt evidence of this Note and any right which it may have to require the holder to proceed against any person; and agrees to pay all the expenses, including reasonable attorney’s fees, in collecting this Note, or any installment or part thereof, which is not paid when due.

[Signed]: Lee E. Wanta.

Address of Notice [added in Wanta’s handwriting]:
C/o Goodwin Sutton & DuVal, Plc.
Old City Hall, Ste No. 350
1001 East Broad Street
Richmond, VA, USA (23219).

Separately the Editor was handed by Wanta the text of an ESCROW AGREEMENT FOR SIGNING BY GOODWIN WHEN THE FUNDS WERE SUPPLIED, as follows:

ESCROW AGREEMENT
RICHMOND, VIRGINIA
Date: 14th July, 2005

TO: Steven D. Goodwin, Trustee for the benefit of Ambassador Leo* E. Wanta [*NOT: Lee E. Wanta]:

The undersigned maker, Christopher Story, does hereby acknowledge that he is placing certain funds in the amount of THIRTY FIVE THOUSAND AND 00/100 DOLLARS ($35,000) into Escrow with Steven D. Goodwin, a discreet and professional attorney-at-law, for the sole and exclusive purpose as stated herein and under the following terms:

1. Said funds shall be used to pay the amount of $30,551.97 to satisfy the court ordered obligations in Wisconsin Case No. 92CF683.
2. Any and all remaining amounts shall be distributed only as directed by Ambassador Leo E. Wanta, to be used for the benefit of, and at the direction of, Ambassador Wanta.

The parties herein acknowledge that the funds paid to, and held in Escrow by, Steven D. Goodwin, under this Agreement are the same funds referenced in a Note in the amount of THIRTY FIVE THOUSAND AND 00/100 DOLLARS ($35,000) made by Ambassador Leo E. Wanta for the benefit of Christopher Story.

[Signed]: Christopher Story, maker [SEAL]

I, the undersigned Trustee, agree to receive, hold and distribute the funds referenced herein upon the terms and conditions stated above.

[Signed]: Steven D. Goodwin, Trustee [SEAL].

FEATURES OF THE FRAUD IN THE INDUCEMENT SCAM
AGAINST THE EDITOR PERPETRATED BY WANTA AND GOODWIN
These documents represent Fraud in the Inducement because:

(1): The Promissory Note has to reference the Escrow Agreement and vice versa. In neither case does this occur. Specifically:

(2): The Promissory Note does not reference the Escrow Agreement.

(3): The Escrow Agreement does NOT reference the Promissory Note. It references ‘a Note’, which could be ANY NOTE. The reference has to be specific, which is not the case.

(4): The Promissory note dated 9th June 2005 is signed by Lee E. Wanta.

(5): The Escrow Agreement references an ‘Ambassador Leo E. Wanta’ making no reference to ‘Lee E. Wanta’. This operative uses two names for obfuscation purposes [DUPLICATION, DIALECTICAL METHODOLOGY: see our repeated reminders that this is the standard modus operandi].

(6): This divergence of names for Wanta widens the fraudulent separation of the Promissory Note from the Escrow Agreement.

(7): Mr Wanta is NOT an Ambassador. To be styled Ambassador, it is necessary to be supported by official credentials issued by the US State Department and renewed by each successive American Administration, confirming that the United States (in this case) recognises that the said individual concerned is an accredited Ambassador. In the case of Mr Wanta’s supposed Ambassadorship for Somalia to Switzerland and Canada, the same criteria apply. Each successive Government of the countries concerned must provide the necessary consent and official acknowledgement of such a person’s status and acceptance as Ambassador. Wanta cannot show such credentials, because this felon’s claims to be an Ambassador are fraudulent and part of his disintegrating cover.

In the United States, there is a convention that a former Ambassador can continue to be addressed as Ambassador. However Mr Wanta styles himself ‘Ambassador Extraordinary and Plenipotentiary’, Lee Emil Wanta, The Principality of Snake Hill, representing fraudulently that he is the Ambassdaor for the non-existent, cirtual and farudulent ‘Principality’, which is FRAUD.

And as indicated above, when Mr Henry was asked to provide the necessary credentials in respect of Wanta’s spurious (fake) Principality of Snake Hill Ambassadorship to the United States, he was of course unable to comply and was himself therefore exposed as an egregious liar and a fraudster for that reason, and because he stated that he was acting for Leo/Lee Wanta and representatives from ‘The Principality of Snake Hill’, which does not exist.

Mr Steven D. Goodwin likewise fraudulently referenced a spurious ‘Ambassador Leo E. Wanta’ in the Escrow Agreement, thereby exposing himself as a liar and a perpetrator of fraud, as well.

(8): Steven D Goodwin is therefore NOT ‘a discreet and professional attorney-at-law’ but rather a fellow-fraudster with Mr Leo E. Wanta, a.k.a. Lee E. Wanta. Both engaged in gross FRAUD IN THE INDUCEMENT under duress of this Editor, who was not accompanied by a lawyer. Goodwin should be disciplined, debarred and appropriately dealt with both by his profession and by the authorities.

(9): As for Wanta, this case provides further irrefutable PROOF that Wanta is a serial, unrepentant, continuing felon. His felonious status has NOT been altered and he is NOT therefore in a position to own a bank account.

(10): Any funds remitted to Leo E. Wanta or Lee E. Wanta, who handles stolen funds and has STOLEN this Editor’s loan funds plus interest through this inducement fraud, will be at risk. Any party engaged in effecting such a remittance to Wanta, however styled, knowing this background, may place themselves in a situation demanding investigation involving the conveyance of funds belonmging to others into or via the hands of this serial criminal and convicted felon.

••••••••••••••••••••••••••••••••••

Notes and References:

(1): Our exposure of the real reasons why Admiral Dennis C. Blair was fired by President Obama, which resulted in the furious White House reaction that simply confirmed the accuracy of our report, demonstrating that the White House doesn’t uphold the Ruile of Law but rather actively undermines it, were contained in the following passages from our report dated 25th May:

THE REAL REASONS BEHIND THE ‘RESIGNATION’ OF ADMIRAL DENNIS C. BLAIR
On Friday 21st May 2010, Admiral Dennis C. Blair, the Director of National Intelligence, announced his resignation from the top US intelligence post. He gave no reason for his sudden departure in a public statement that he circulated to the 16 US intelligence agencies that he oversaw, and neither did he express thanks to President Barack Obama for the opportunity to serve under him.

In order to obfuscate the real reason for Blair’s de facto dismissal – Obama asked him to resign, or said he would accept his resignation – the White House and the Office of Naval Intelligence (ONI) have since been engaged in an operation to pull the wool over the eyes of the ‘mainstream’ media and the ‘Fifth Estate’ (the ‘Internet community’).

Specifically, to take the most mischievous report on this subject first:

• The Office of Naval Intelligence diversionary source labelled ‘By Sorcha Faal, and as reported to her Western Subscribers’, item headed ‘Top US Spy Chief Quits After Obama Orders 2 Americans Assassinated’, consists of disinformation and lies. On about half a dozen previous occasions we have specifically identified the authors of this diversionary source as:

(1): Commander J. Forrest Sharpe, of Light in the Darkness Publications, based in Vienna, VA, Sharpe is ‘active duty submarine service fleet’, i.e. an Office of Naval Intelligence operative.

(2): D. L. O’Huallachain, of Irish extraction, who inter alia covers for the Vatican.

These reports typically begin with the ignorant fantasy: ‘Rumors circulating in the Kremlin today…’, notwithstanding that, as the veteran Editor of Soviet Analyst, your correspondent can reconfirm that the Kremlin ‘doesn’t DO rumours’. Even though we have repeatedly exposed this deception, certain US websites specialising in maximising the potential for confusion persist in deceiving the public by disseminating the disinformation perpetrated by this malicious ‘redirection’ source.

• NOTE: As a direct result of THIS exposure, the fake ‘Sorcha Faal’ device appears to have been dropped and replaced by a slick new presentation, also sourced anonymously, and from Virginia. It’s the SAME OPERATION, promoting the SAME DIVERSIONARY HATRED AND LIES.

All ANONYMOUS reports are suspect: and because they are not provenanced, can and should never be relied upon. Sorcha Faal is a fabrication. Anyone recycling the diversionary claptrap spewed out by this US Intelligence Power ‘redirection’ source, is being grossly irresponsible.

• On 21st May, The New York Times published a piece by Mark Mazzetti which entered the fray by starting with the following diversionary lead-in: ‘An already strained relationship between the White House and the departing spymaster Dennis C. Blair erupted earlier this year over Mr Blair’s efforts to cement close intelligence ties to France and broker a pledge between the nations not to spy on each other, American Government officials said Friday’.

Although there WAS a French dimension to what happened (see below), this ‘line’, as presented, was clearly diversionary because, as we have repeatedly explained, France fronts for Germany under the ‘indissoluble’ bilateral Franco-German Treaty of the Elysée dated January 1963; and since the ‘Black’ criminal cadres inside the US Intelligence Power ‘work with’ the long-range pan-German Fifth Column that has attempted to ‘take down’ the United States in accordance with the Nazi slogan ‘We will build the Thousand-Year Reich on the Ruins of the United States’, there was never any need to ‘cement relations’ with French intelligence or to formalise a closer relationship.

In other words, this ‘line’ invented by the White House/CIA disinformation apparat deliberately turned the ‘actualité’ upside down, to bamboozle the readers of The New York Times and the domestic and international communities generally,

Interestingly, The New York Times’ elaboration included the following sentence: ‘Officials said the dust-up was not the proximate cause of President Obama’s decision to remove Mr [sic] Blair, who announced his resignation on Thursday, from the job as Director of National Intelligence’.

Quite right, it wasn’t.

On the contrary, the factors underlying Admiral Blair’s ‘resignation’ were as follows:

• Admiral Dennis C. Blair had been pressing for months for the release of the hijacked funds blocked by President Barack Obama.

• Admiral Dennis C. Blair ‘asked’ President Obama to release the hijacked funds forthwith, and Obama REFUSED. Obama then demanded Blair’s resignation, which was accepted.

• Admiral Dennis C. Blair had acquired COPY CHECKS proving that, as we alone reported, Vice President Joseph Biden, US Treasury Secretary Geithner, and Rahm Emanuel, the White House Chief of Staff, were and are receiving weekly and monthly bribery payments from the Bush-CIA Crime Syndicate, in exchange for their ‘solidarity’ in blocking the releases.

All of which, of course, PROVES that President Obama has been operating as George H. W. Bush’s corrupt poodle, carrying out his instructions to continue the sabotage and blocking of the payouts. Which is precisely what he did at 2:36 p.m. EDT on Thursday 20th May.

(2): Text of the Wanta Petition for a Writ of Mandamus as submitted to the court and published by this service [see archive] on 24th June 2007 and 5th July 2007:

IN THE UNITED STATES DISTRICT COURT
FOR THE EASTERN DISTRICT OF VIRGINIA

ALEXANDRIA DIVISION

Case Number: 1:2007cv00609 – TSE – BRP

Filed: 20th June 2007

Petitioner: Lee E. Wanta

Respondents: Henry M. Paulson, Jr., Robert M. Kimmitt, James R. Wilkinson, Michael Chertoff, Alberto R. Gonzales and Federal Reserve Bank of Richmond

Court: Virginia Eastern District Court

Office: Alexandria Office

County: Richmond

Presiding Judge: District Judge T. S. Ellis III

Referring Judge: Magistrate Judge Barry R. Poretz

Nature of Suit: Other Statutes: Securities/Commodities/Exchanges

Cause: 28: 1361 Petition for Writ of Mandamus

Jurisdiction: U.S. Government Defendant

Jury demanded by: None

Note: This case cannot be sealed until Ambassador Leo E. Wanta has been paid the $4.5 trillion of his Settlement diverted and exploited illegally since June 2006.

The Court has, most unusually, given the Respondents TWO MONTHS to respond.

SIR LEO WANTA’S PETITION FOR A WRIT OF MANDAMUS (1)
The text of the Ambassador’s Petition for a Writ of Mandamus follows:

IN THE UNITED STATES DISTRICT COURT
FOR THE EASTERN DISTRICT OF VIRGINIA

Civil Action no.: 1-07 CV 609

LEE E. WANTA, LEO E. WANTA, AMBASSADOR LEO WANTA (Individually and as sole and exclusive shareholder of AmeriTrust Groupe, Inc., a Commonwealth of Virginia registered corporation)

Petitioner

v.

HENRY M. PAULSON, JR.
SECRETARY OF THE TREASURY
UNITED STATES TREASURY, and

ROBERT M. KIMMITT
DEPUTY SECRETARY OF THE TREASURY
UNITED STATES TREASURY, and

JAMES R. WILKINSON
CHIEF OF STAFF
UNITED STATES TREASURY, and

MICHAEL CHERTOFF
SECRETARY, DEPARTMENT OF HOMELAND SECURITY, and

ALBERTO R. GONZALES, ATTORNEY GENERAL,
UNITED STATES DEPARTMENT OF JUSTICE

FEDERAL RESERVE BANK OF RICHMOND
DIRECTOR AND/OR MANAGER OF OPERATIONS,
RICHMOND, VIRGINIA

Respondents

PETITION FOR A WRIT OF MANDAMUS
AND OTHER EXTRAORDINARY RELIEF

A. PARTIES:

1. LEE E. WANTA, LEO E. WANTA, AMBASSADOR LEO WANTA
5516 Falmouth Street
Suite 108
Richmond, Virginia 23230: Petitioner

2. Henry M. Paulson, Jr.
Secretary of the Treasury
1500 Pennsylvania Avenue, N.W.
Washington, D.C. 20220: Respondent

3. Robert M. Kimmitt
Deputy Secretary of the Treasury
1500 Pennsylvania Avenue, N.W.
Washington, D.C. 20220: Respondent

4. James R. Wilkinson
Chief of Staff
United States Treasury
1500 Pennsylvania Avenue, N.W.
Washington, DC 20220: Respondent

5. Michael Chertoff
Secretary of Homeland Security
Washington, D.C.: respondent

6. Alberto R. Gonzales
Attorney General
United States Department of Justice
950 Pennsylvania Avenue N.W.
Washington, D.C. 20530-0001: Respondent

7. Federal Reserve Bank of Richmond
701 East Byrd Street
Richmond, Virginia 23219: Respondent

B. JURISDICTION:

1. The United States District Court for the Eastern District of Virginia has jurisdiction over the subject matter of this cause of action pursuant to the provisions of Title 28 United States Code, Chapter 85, Section 1361 (mandamus), Title 28 United States Code, Chapter 85, Section 1331, and Title 28 United States Code, Chapter 85, Section 1332.

C. VENUE:

2. Venue is proper in this Court pursuant to Title 28 United States Code, Chapter 87, Section 1391, and Title 28 United States Code Chapter 87, Section 1396.

D. STATEMENT OF CLAIM:

3. Mandamus is regarded as an extraordinary writ reserved for special situations. Among its ordinary preconditions are that the agency or official have acted (or failed to act) in disregard of a clear legal duty and that there be no adequate conventional means for review. In re Bluewater Network & Ocean Advocates, 234 F.3d 1305, 1315 (D.C. Cir. 2000); Telecomm. Research & Action Ctr. v. FCC, 750 F.2d 70, 78 (D.C. Cir. 1984). Mandamus will be granted if the Petitioner shows “(1) the presence of novel and significant questions of law; (2) the inadequacy of other available remedies; and (3) the presence of a legal issue whose resolution will aid in the administration of justice”, see In re United States, 10 F.3d 229 at 931, 933 (2d Cir. 1993).

4. Petitioner has attempted to access monies that were transferred through international bank monetary clearing systems to financial institutions located in the United States of America. The remitting party was the People’s Republic of China, People’s Bank. The remitting party designated that the transferred funds were for the sole and exclusive use and benefit of Petitioner. The foreign entity that originated the inward remittance designated Petitioner as sole and exclusive recipient for the transferred money/financial instruments.

Irrespective of efforts proffered by Petitioner and/or agents and representatives of Petitioner, private and public individuals and entities, prevent Petitioner from exercising Petitioner’s legal right to the use, transfer and unrestricted ability to freely disburse said financial assets. The acts and/or omissions to act by named and unnamed Respondents prevent Petitioner (and others who are ancillary to this cause of action) from paying their respective tax liabilities to both State and Federal taxing authorities.

5. Upon best information and belief the organizations, entities, departments and individuals that prevent and/or restrict Petitioner’s lawful access to said money and securities include but are not necessarily limited to the following:

• Secretary of the Treasury;
• Attorney General of the United States of America;
• Bank of America;
• J.P. Morgan Chase;
• CITIBANK/CITIGROUP/NYC including but not limited to Mr Charles O. Prince, CITIGROUP Chief Executive Officer;
• Goldman Sachs et al including but not limited to past and present management and executive officers and members of the Board of Directors;
• United States Department of the Treasury including but not limited to Secretary
Paulson, Deputy Secretary Kimmitt and other known and/or unknown parties working
directly or under contract with the United States Department of the Treasury;
• Secretary Chertoff, Department of Homeland Security and other known and/or
unknown parties working directly or under contract with the United States
Department of Homeland Security;
• One or more known and/or unknown “compliance officers” that act directly and/or
under contract with private bank and/or security brokerage firms to observe
rules and regulations of the United States Department of the Treasury and/or other
USG investigative and reporting entities;
• Federal Reserve Bank of Richmond, Virginia.

6. Upon best information and belief Respondent acts and/or failures to act constitute a
violation of the Securities Acts of 1933 and 1934 (as amended in 1970), the Bank
Privacy Act and other non-specified banking regulations.

7. Reasonable action has been taken by Petitioner to obtain an explanation and/or under what authority Respondents are not permitting Petitioner to have access to the foreign transferred private business financial assets referenced herein. Despite written notice and request for a response the named parties avoid their legal obligations. In furtherance of this Petition for the issuance of a Writ of Mandamus Petitioner directs this Court’s attention to the letters and other communications that have been collectively marked as Exhibits A attached hereto (2) and all of which documents, letters and Memorandum are incorporated herein by this reference as if the same were set out in their entirety in the body of this Petition.

8. The material, substantive and immediate financial loss to the Petitioner resulting from loss of financial benefit can not adequately be addressed in conventional judicial proceedings. In one more instances parties in position of knowledge, that can confirm the representations regarding interference in private business dealings, between Petitioner and third parties, have been placed at risk of physical harm by individuals representing to be fiduciaries of one or more of the Respondents. Additionally, the acts and actions of the Respondents prevent immediate payment of Federal taxes in the amount of $1.575 Trillion dollars into the United States Treasury.

E. BACKGROUND:

9. On or about April 15, 2003 the Honorable Gerald Bruce Lee, in Case Number 02-1363-A filed in the United States District Court for the Eastern District of Virginia, issued an Order and Memorandum of Opinion for the referenced numbered case. As part of the Order and Memorandum of the Court (in the referenced case) the Court stated that the Plaintiff (in the referenced case) should pursue liquidation of corporations, recovery of financial assets and pay all required taxes in accordance with the law (3).

10. Petitioner initiated contact with numerous third parties, including United States elected, nominated, appointed and career employees plus foreign countries, for the purpose of recovering financial assets.

11. Upon best information and belief in December 2005 and January 2006, Secretary Snow (Secretary of the Treasury at the time) and Chairman Greenspan (Chairman of the Federal Reserve at the time) traveled to the People’s Republic of China. The Chinese required confirmation of Petitioner’s signature to facilitate cooperation of the Chinese in completing the transfer of financial assets referenced herein.

Upon best information and belief Snow/Greenspan determined that Chinese officials had the ability and willingness to cooperate with petitioner in the recovery and transfer of substantial financial assets that had been in the care, custody and control of the Chinese for an extended period of time.

12. Premised on the representations of Secretary Snow and Chairman Greenspan, the legal services of Troutman Sanders, LLP and Jenkens & Gilchrist Parker Chapin, LLP (attorneys) were used to complete the preparation and administer the execution of agreements and documents referred to collectively as “settlement documents”. The following is a compilation of the significant parties that are represented as either obligors and/or beneficiaries of the settlement documents:

• Petitioner Wanta identified in this petition.
• Central Intelligence Agency (CIA) (including but not limited to Land Baron/Xeno).
• National Security Agency (NSA).
• Department of Homeland Security.
• Director of National Intelligence.
• United States State Department.
• United States Department of the Treasury.
• United States Department of Defense.
• The White House, including but not limited to the Offices of the President and Vice President.
• C.B.I.C. Inc. (Mr William Bonney Sr.).
• China (PRC), France, Great Britain, Germany and other foreign nations participating under one or more international “Protocol” including but not limited to the Reagan-Mitterrand Protocol agreements.
• Others of interest not intentionally omitted as part of this petition.

The entirety of the financial assets mentioned in the settlement documents prepared by the above mentioned attorneys concerns approximately $27 Trillion United States Dollars in value. The portion attributable and payable to the petitioner is $4.5 Trillion United States Dollars.

13. In May of 2006 the People’s Republic of China caused a free and unrestricted transfer of $4.5 Trillion United States Dollars through international bank fund transfer facilities to an account at Bank of America located at Richmond, Virginia. The designated beneficiary of the transferred funds from the People’s Republic of China was Petitioner herein. This transfer was made by the People’s Republic of China solely and exclusively as a requirement under the mentioned settlement agreement.

14. Upon best information and belief between the dates of July 31st to August 2nd of 2006 the United States Department of the Treasury, without authorization of either the remitting party or the receiving party removed the People’s Republic of China transferred financial assets from Bank of America Richmond, Virginia to an account in the name of Goldman Sachs at CITIBank New York, New York as the beneficiary holder of the monies transferred by the People’s Republic of China referenced above. This “Chip” (Clearing House Interbank Payment) transfer was facilitated from Virginia domiciled banks to New York domiciled banks via the Federal Reserve Bank Richmond. The Chip transfer did not remove the name of Petitioner as the intended recipient of the transferred money from the People’s Republic of China. The transfer to the Goldman Sachs et al account at CITIBank put a lawless restriction that the funds were not to be released to Petitioner without the authorization of United States Treasury. At or about the time of the unauthorized transfer mentioned in this paragraph 14 Petitioner protested the alleged right of “entitlement” by Secretary Paulson and to facilitate protest of right of ownership under the “Securities Acts” accounts were opened in the name of AmeriTrust Groupe, Inc. at Morgan Stanley, fiduciary client account at CITIBank/NYC to receive direct deposit transfer of Petitioner funds from Goldman Sachs.

15. The Petitioner has been contacted by “Compliance Officers” that are contract employees of the United States Department of the Treasury that the transfer records of the United States Department of the Treasury and the recipient (past and present holder of the funds transferred to Petitioner by the People’s Republic of China) reflect that the accounts opened to receive the financial assets are tagged and coded for the benefit of the Petitioner. Access to the tagged and coded accounts requires lawless authorization to be provided in writing by Secretary Paulson. To date Secretary Paulson refuses to provide the required written authorization to the compliance officers. In addition one or more compliance officer (referenced herein) has been contacted by Secret Service Agents who have advised the compliance officers that the “White House” ordered that the compliance officers cease and desist from communicating in any manner with Petitioner.

16. Upon best information and belief the compliance officers mentioned in paragraph 15 have been in contact with law enforcement officers representing the Central Intelligence Agency and the United States Department of Defense. These mentioned law enforcement officers confirm that the information provided by the compliance officers is true and correct and that upon best information and belief the “order” preventing Secretary Paulson from releasing the “tagged and coded” funds that are the sole and exclusive property of the Petitioner have been either lawlessly and individually controlled by Secretary Paulson and/or restricted through direct participation by other United States of America elected and/or nominated officials.

17. Upon best information and belief Troutman Sanders LLP and Jenkens & Gilchrist Parker Chapin LLP, seeking legal recourse on behalf of C.B.I.C. Inc. (Mr William Bonney Sr.) and the People’s Republic of China obtained an Order to Show Cause Why a Writ of Mandamus Should Not Be Issued from the United States Supreme Court signed by Justice Ginsberg. The People’s Republic of China, as a foreign government, invoked the original jurisdiction authority of the United States Supreme Court to obtain the document signed by Justice Ginsberg. Upon further best information and belief the responding parties to the action filed in the United States Supreme Court are exercising any and all assumed defenses to ward off the issuance of the Writ of Mandamus.

18. The United States Department of Justice and/or any agency or investigative authority contacted has refused to assist Petitioner in the collection of lawful funds. Said parties refuse such assistance irrespective that there is clear and undisputed evidence that the subject funds are identified in official United States government agency documents as being the sole and exclusive property of Petitioner. As of the date of the filing of this Petition, all requests for payment of lawful funds have been ignored by any and all elected and nominated public officials that have the implied and apparent authority to complete all requirements of the settled documents.

19. Petitioner individually and as sole and exclusive controlling shareholder of AmeriTrust Groupe, Inc. certifies as follows:

• The Petitioner has personally had conversations with one or more officials at the United States Department of the Treasury and said officials confirm the sequence of events concerning inward remittance of subject funds from the People’s Republic of China and inter-bank transfers within the United States.
• Petitioner confirms that he has personal knowledge about the “Claims and Background” set out in this Petition and verifies upon penalty of perjury that the same are true and correct.
• Petitioner has fully and completely reviewed the content of this petition and certifies by sworn affidavit attached hereto that the “Statement of Claim and Background” are true and correct.
• Upon best information and belief “Respondent” individuals, agencies, public, private, nominated and/or elected have knowingly, overtly, covertly and with specific intent conspired together to defraud Petitioner. The individual and/or conspiratorial acts amount to a violation of the Securities Acts of 1933 and 1934 (as amended in 1970), the Bank Privacy Act, the Organized Crime Control Act of 1970, specifically R.I.C.O. and applicable international and national money laundering restrictions. In addition it is further the mentioned Respondents’ acting individually and/or “acting in concert” violate Petitioner’s rights under the provisions of H.R. 3723 as the same pertains to private business transactions being protected under both private and criminal penalties.

Reasonable action has been taken by the Petitioner in an attempt to obtain explanation and/or under what authority Respondents are not allowing the “Rule of Law” and permitting access by Petitioner to the financial accounts referenced herein. Despite continued written notice and request for a response the named parties continue to avoid their legal obligations and continue to commit covert and/or overt acts in furtherance of their knowing and purposeful violation of the statutory references mentioned hereinabove. In furtherance of this petition for the issuance of a Writ of Mandamus Petitioners direct this Court’s attention to the letters and other communications that have been marked as Exhibits A, B and C (4) attached hereto and incorporated herein by this reference as if the same were set out in their entirety in the body of this petition.

F. CONCLUSION:

21. The “Statement of Claim and Background” demonstrate “(1) the presence of novel and significant questions of law; (2) the inadequacy of other available remedies; and (3) the presence of a legal issue whose resolution will aid in the administration of justice”.

G. REQUEST FOR RELIEF:

1. Emergency consideration of this Petition with an expedited response time for Respondents to respond to this Petition and an expedited time for the Court to hear the merits of this matter.

2. Such other and further relief as the Court deems just and proper to protect the Constitutionally protected rights of the Petitioner.

Executed on this 18th day of June 2007.

[Signed]
LEE E. WANTA, LEO E. WANTA, AMBASSADOR LEO WANTA _Pro_Se
5516 Falmouth Street
Suite 108
Richmond, Virginia 23230: Petitioner
Telephone: 814 455 9218
Telefax: 202 330 5116

AFFIDAVIT

The undersigned, being fully advised by counsel of the seriousness of the claim of making false statements to a Court and being fully apprised of the consequences for committing perjury (and the associated penalties), hereby make the following statements concerning the petition for Writ of Mandamus being filed on my behalf, by my counsel, in the United States District Court for the Eastern District of Virginia:

1. I am more than twenty-one years of age and I am a citizen of the United States of America.

2. For an extended period of time I am functioning as a representative, investigator, contract employee and/or facilitator of one or more assignments that were either executed and/or performed at the direction and/or under the supervision of one or more persons and/or agencies that were accountable to the Executive Offices of the United States Government

3. During most recent three to five years I have been attempting to coordinate the repatriating of substantive financial resources from foreign locations to the United States and cause the tax payments owed on the patriated funds to be paid to the United States Treasury. I have substantially completed the stated objective task with the assistance of one or more foreign sources.

4. I have read the entirety of the Petition for Writ of Mandamus prepared by my attorneys. I confirm that I have personally directed communications with the banks, security firms, the United States Department of the Treasury (including one or more individual parties associated with the Treasury that are named as Respondents) and other entities mentioned in the Petition.

5. I have personally confirmed that the financial assets sent by the People’s Republic of China were received by Bank of America in Richmond, Virginia and that upon best information and belief the subject financial assets were “tagged” in my name and transmittal instructions by the People’s Republic of China directed that the same be paid to me without offset or delay.

6. I have been personally advised by agents and/or contract regulation compliance workers, that are accountable to the United States Department of the Treasury, that release of funds sent by the People’s Republic of China for payment to me is being restricted and/or blocked by one or more parties.

7. The exact party and/or parties that are restricting and/or blocking payment of financial assets to my designated accounts is not known absolutely.

8. Upon best information and belief the United States Department of the Treasury has the power and authority to direct release of the funds for my unrestricted use.

9. Despite continued demand for release of financial assets (that were transmitted by the People’s Republic of China) for payment to me personally the demands are ignored and are not rebuked by any responsive communication.

10. I have been personally informed by parties, that have the authority to release the block on funds leveraged against recipient banking accounts established in my name, that directives have been received from known and unknown parties that have the effect of negating my ability to have free and unrestricted access to financial assets that are “tagged” solely and exclusively in my name.

IN WITNESS HEREOF I am causing the above set forth affidavit to be notarized and sworn with full recognition of the penalty of perjury this 11th day of June 2007.

[Signed]
Lee E. Wanta, Leo E. Wanta and
Ambassador Leo E. Wanta

County of [omitted here]
State of [omitted here]

On this 11th day of June 2007 the above named individual, being personally known to me, appeared before me and after being first duly sworn signed the above Affidavit.

My commission expires January 5, 2009.

[Notary signature and seal].

••••••••••••••••••••••••••••••••••

THE FOLLOWING DATA HAS BEEN PUBLISHED AT THE FOOT
OF MOST OF THESE REPORTS FOR THE PAST THREE YEARS++:

• COMPILED BY U.S. SECURITIES EXPERT MICHAEL C. COTTRELL, B.A., M.S..

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.

••••••••••••••••••••••••••••••••••
NOTICES:

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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• 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.

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chrisstory

RECKLESS DODD SENATE BILL WILL MAKE THE CLASSIC GERMAN ‘WHEELBARROW HYPERINFLATION’ LOOK PLEASANTLY BENIGN AND ENJOYABLE BY COMPARISON

Tuesday 27 April 2010 15:00

PERVERSE DEATH-WISH DETERMINATION TO DO THE OPPOSITE OF WHAT IS REQUIRED

RESTORING AMERICA FINANCIAL STABILITY ACT [3217]: A RECIPE FOR TOTAL DISASTER

TITLE SHOULD BE: DESTROYING AMERICA FINANCIAL DICTATORSHIP AND INSTABILITY ACT

The add-ons and updates that accumulated at the top of this report have now been migrated to the foot of the report. This report as originally published on 27th April, with one Update, STARTS HERE:

• WORLD ENGULFED IN TOTAL ECONOMIC AND FINANCIAL WARFARE

• RECENT SERPENTINE SETTLEMENTS-RELATED DEVELOPMENTS

• WAVE OF ARRESTS AGAIN REPORTED IN THE UNITED STATES

• THAT BANK OF ENGLAND MEETING ON 9TH APRIL REVIEWED

• THE ARRESTS AND JAILING OF EDDIE GEORGE AND GREENSPAN

• EARLIER ABORTED PAYOUT AGAIN LINKED TO SERPENTINE SABOTAGE

• UNDECLARED ALL-OUT FINANCIAL WARFARE AGAINST THE REST OF THE WORLD

• U.S. BANKS: WE WON’T PAY WITHOUT A LEGALLY
CODIFIED GUARANTEE THAT WE CAN’T EVER GO TO THE WALL

• ‘CONTRADICTIONS OF ARRESTS’ WITH WHAT THE WHITE HOUSE
IS ACTUALLY DOING AND INTENDING

• LEGISLATING FOR THE U.S. WEIMAR REPUBLIC

• PRECARIOUS SUBSTITUTE FOR ACTUAL WORLD WAR

• OBAMA’S DECEITFUL SPEECH AT THE COOPER UNION, NEW YORK

• GROSS WHITE HOUSE MISREPRESENTATION OF WHAT THE DODD BILL WILL DELIVER

• ‘COUP D’ETAT BY INSTALLMENTS’ BY STALIN’S GRANDSON

• OBAMA’S OUTRIGHT LIES TO THE ASSEMBLED BANKERS

• THE SINISTER OFFICE OF FINANCIAL RESEARCH INSIDE THE U.S. TREASURY:
LOCUS OF THE INTENDED WORLD FINANCIAL DICTATORSHIP

• WHO’LL BE IN CHARGE OF THE OFFICE OF FINANCIAL RESEARCH?
WHY, STALIN’S GRANDSON, OF COURSE

• MAIN PROVISIONS OF THIS INIQUITOUS DRAFT LEGISLATION

• POWERS OF THE OFFICE OF FINANCIAL RESEARCH

• DUPLICITOUS LEGISLATION INSTITUTIONALISES RACKETEERING
• SEE IMPORTANT UPDATE INSERTED 28TH APRIL UNDER THIS SEGMENT

• THE REAL PURPOSE: TO PREVENT THE DOLLAR REFUNDING FROM LONDON

• GENERAL POWERS TO BE TRANSFERRED TO THE U.S. TREASURY

• THE GENERAL POWERS TRANSFER MODEL:
HITLER’S PUTSCH IN 1933 AND THE EUROPEAN UNION COLLECTIVE

• HOW ARE THE MIGHTY IN THE PROCESS OF FALLING

• ‘GREEK CONTAGION’ CONFIRMS THE LONG-TERM
EMBEDDED STUPIDITY OF THE PAN-GERMAN DUMKOPFS

• THE WANTA MONEY-STEALING ROUTE RESURRECTED

• SUMMARY OF THE EDITOR’S WANTA INITIATIVE

• WANTA-GOODWIN FRAUD IN THE INDUCEMENT AGAINST THE EDITOR UNDER DURESS

• FEATURES OF THE FRAUD IN THE INDUCEMENT SCAM
AGAINST THE EDITOR PERPETRATED BY WANTA AND GOODWIN

• WANTA NOW IDENTIFED AS THE ‘GREAT DARK LORDS’ TERRORIST

• THE FAILING ‘COUP D’ETAT BY INSTALLMENTS’

• THE NSA/CIA/USAF HANDLER OF WANTA’S PROMOTER

• UPDATE: As of 8:00 hrs UK time on Wednesday 28th April 2010, the number of links to our report entitled ‘All UK legislation passed since 2000 is null and void’ had DOUBLED overnight to 22,000. For earlier background, see foot of the article itself [Archive: 10th April 2010].

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.

• 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 ‘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.
You can also access the CMKM/CMKX text at: http://viewer.zoho.com/docs/paKdda
The biggest lawsuit in world legal history: The phantom share giga-scandal.

• AS PREVIOUSLY ANNOUNCED, OUR LANDLINES REMAIN CLOSED BECAUSE OF UNLAWFUL HARASSMENT. WE CAN BE CONTACTED VIA EMAIL OR THE WEBSITE ‘CONTACT US’ FACILITY.

NEW REPORT STARTS HERE:
WORLD ENGULFED IN TOTAL ECONOMIC AND FINANCIAL WARFARE
A state of TOTAL, MULTI-LAYERED, ECONOMIC AND FINANCIAL WARFARE has now developed, characterised by what Lenin and Gorbachëv refer to as ‘contradictions’ – so that what is about to be summarised in outline may well appear to represent irreconcilable developments and conflicts. Being multi-layered, it has become harder than ever to see clearly through the fog of deception, diversion, disinformation and play-acting.

Therefore it is appropriate at the outset to remind you of the cast-iron rule that these Dark Forces operate EXCLUSIVELY on the basis of ‘contradictions’, duplicity, duplication and the dialectic. If you ever lose sight of this CENTRAL REALITY, you will revert to the state of mental confusion that prevailed before you started kindly reading these reports!

In accordance with the above behaviour, the Dark Actors Playing Games are able to say one thing on Monday while fully cognisant of the fact that what they are saying masks the precise opposite of what is intended. By their works, not their words, ye shall know them.

RECENT SERPENTINE SETTLEMENTS-RELATED DEVELOPMENTS
First, though, we have to report certain developments associated with the Settlements theme, which continues notwithstanding what will be revealed below.

To deal with these matters, first, therefore:

• We reported recently that President Obama has inserted himself into the Settlements Release Process by demanding 60% of the proceeds for the quote ‘United States’ unquote (which of course covers the kleptocracy with no checks and balances) rather than 40% (apparently ‘agreed’ earlier).

In this context, we stated that the only number in our vocabulary giving perspective to this was that we had always been informed that the tax payable given on-the-books transactions for the Dollar Refunding purposes (generating taxation accruals from the private sector into the US Treasury, for placement ONTO the Treasury’s books for continuous offsetting against the Federal Government’s colossal and doubled ‘background debt’), would be 35%.

We therefore presumed that this new talk of 60% rather than 40% represented bargaining in the background over the tax level payable. However the more sinister interpretation must be that the President of the United States is demanding 60% of the total Settlements for unspecified purposes (i.e. further illicit self-enrichment and Fraudulent Finance and trading operations).

• It has now been CONFIRMED to us (as of 11:10 hrs UK time on 25th April) that the following US criminalist parties have DEMANDED to be paid $1.3 trillion from the Settlement Funds:

George H. W. Bush Sr.
George Soros
Carlyle Group [of which President Sarkozy’s half-brother Olivier is an executive].

Although we accurately trailered the CIA’s intention to steal $1.3 trillion (reporting it in fact as a fait accompli) many weeks ago [see Archive], further information about this intended OFFICIAL THEFT was first made available to us on 30th March 2010 and has now been CONFIRMED, as indicated above. In other words, the top criminals and their lackeys are being paid off.

WAVE OF ARRESTS AGAIN REPORTED IN THE UNITED STATES
Meanwhile, has been renewed outbreak of arrests of bankers arising from their refusal to carry out payment instructions. Specifically the following arrests were reported to us after finalisation of the preceding analysis in this series:

• Over the ten days to Sunday 25th April approximately THIRTY people were arrested in the United States (no further details). It is understood that there was ‘heavy activity’ over the weekend.

• On Monday 19th April, a number of bank officials at Bank of America, Charlotte, the main base of the CIA’s primary institution were said to have been arrested.

• On Tuesday 20th April a number of arrests of officials at the Federal Reserve Bank of Dallas were reported to have been arrested.

• On Wednesday 21st April, four officials at the Federal Reserve Bank of Richmond were reported to have been arrested. This, of course, is highly significant, in view of the Federal Reserve Bank of Richmond’s Motion to Dismiss on 19th October 2007, in the United States Court for the Eastern District of Virginia, Alexandria, a hearing attended by your correspondent.

• During the IMF Spring Meetings weekend, the entire area around Crystal City was deprived of cell phone and Internet connections for about an hour, during a period when Obama was in North Carolina. The Editor normally stays in the Crystal City area when visiting Washington, DC.

• HOWEVER, we understand that very determined efforts, evident from the roster of arrests, are being made to procure completion of certain Settlements payouts this week. No such ‘indications’ can ever be relied upon, though, as the fog of deception serves the purposes of obfuscation.

THAT BANK OF ENGLAND MEETING ON 9TH APRIL REVIEWED
According to further information received, the Settlements payments were in full swing as of 21st April, there being less than one page of transfer codes remaining before completion.

In the preceding report, we indicated that, at the special meeting convened at the extraordinary hour of 10.00 pm on 9th April 2010, at which all outstanding matters, including the issue of the $6.2 trillion loan money and the restoration of The Queen’s stolen gold, were reported to us to have been ‘resolved’, the funds were duly sent over to the United States to facilitate the payouts.

However with the benefit of ‘further and better particulars’, we are now advised that what actually happened was as follows:

• The meeting ‘resolved’ the outstanding issues as stated above.

• The meeting agreed to or indicated that it would send over the funds.

• Common sense evidently prevailed at the last moment, when it was finally understood, at long last, that THE U.S. AUTHORITIES CANNOT EVER BE TRUSTED, so the funds were NOT SENT OVER. In this context, it is possible (although we don’t know) that the $6.2 trillion may now be lodged outside the United States (hence Citibank’s rapid downsizing).

It is possible that the servants of the British Monarchical Power belatedly saw to it that previous lackadaisical ‘mistakes’ by the Bank of England were not to be repeated. After all, EVERYONE CONCERNED has now, surely, had AMPLE TIME, to grasp and to understand that the criminalist cadres controlling the United States are all DESPERATE MEN and have no other modus operandi but to continue with their scamming and orchestrated thievery and duplicity, with not the slightest intention of ‘going straight’, whatever they may deceitfully profess.

CAUTION; As we stated in Note (9) of the preceding report, such information is extremely hard to come by, and it can only, therefore, be acquired by observation, deduction and, if we are lucky, as a consequence of leaks. However this is the state of affairs ‘to the best of our knowledge and belief’.

THE ARRESTS AND JAILING OF EDDIE GEORGE AND GREENSPAN
It will be recalled that in the summer of 2007, we published, as FACT, that the former Governor of the Bank of England, Lord ‘Eddie’ George, had been arrested and jailed (in July 2007). We did not receive a libel writ from Lord George’s solicitors. Lord George died in April 2009. The reason that we didn’t receive a libel writ was that the information was of course accurate.

What we didn’t know until the first quarter of this year was WHY Lord George had been arrested. And the answer to that is that he was instrumental, in collaboration with Greenspan, in the stealing and alienation the Queen’s gold, effectively swapping it for worthless securities/pieces of paper. We suspected that this was the case, but we only obtained confirmation recently.

In June 2007, we also reported that Dr Alan Greenspan was likewise arrested and jailed. (He is believed to have been arrested several times). We duly reported this information on this website and in International Currency Review. Again, we did not receive a libel writ from Dr Greenspan’s lawyers, because the information was accurate. And one reason for his arrest was that Greenspan had assisted George with the heist of The Queen’s gold, which we alone reported in May 2007.

Our knowledge of this unbelievable abomination arose purely because on 29th-30th March 2007, an unannounced banking ‘blackout’ occurred in the United Kingdom.

• When such abrupt banking ‘blackouts’ occur, someone is usually up to no good.

The Editor became aware of this because he walked into a T-Mobile store on Victoria Street, Central London, to top up his mobile, using a Visa Card, which had good credit, but suddenly wouldn’t approved a payment of a mere £20.00.

On making further enquiries he discovered that this problem had arisen everywhere. Gradually, information about the stealing and diversion of gold belonging to the British Monarchical Power accumulated, so we published this in outline in May 2007 – in response to which a US operative stated: ‘I find that hard to believe’. We therefore told the operative to cease all contact, since if what we say is ‘hard to believe’, by definition there’s no point in having any further conversations.

Dr Alan Greenspan, George H. W. Bush Sr.’s criminal financial ‘technician’, has, we now learn, long been indicted by a Grand Jury, and is therefore a candidate for being ‘taken down’, irrespective of his age (which we suppose might let him off the hook). However mass Holocaust murderers in their eighties have been arrested, put on trial and jailed: so there’s no reason why ANY MERCY should be meted out to this criminal, who has destroyed countless lives and thrown the United States into a terminal tailspin (see below), from which it may only narrowly escape.

EARLIER ABORTED PAYOUT AGAIN LINKED TO SERPENTINE SABOTAGE
Following the further sabotage of the Settlements process on Wednesday 21st April, a renewed outbreak of snake-like behaviour among certain operatives was detected. All of a sudden, the various ‘concrete’ confirmations and undertakings that had been forthcoming two weeks earlier, were reversed, and these people started reverting to earlier delusions and misrepresentations.

Furthermore, there were renewed indications that the felon Lee/Leo Wanta was to be used as a cover to divert key funds, as planned: so, for that reason, we reveal hitherto unpublished detail of Fraud in the Inducement with which Wanta and his CIA lawyer, Steven Goodwin, were involved with respect to the Editor’s stolen $35,000 loan, below – together with further information reconfirming that this man is a recalcitrant, dangerous financial terrorist, assisted by known criminal operatives. We place this information at the end of this report.

UNDECLARED ALL-OUT FINANCIAL WARFARE AGAINST THE REST OF THE WORLD
What has become clearer is that the Obama Administration of the Crooked Continuum is intent on conducting all-out economic and financial warfare against the Rest of the World, while purporting to be collaborating with certain elements of it (especially the Chinese, who appear to have ‘lost their bottle’ and to be scared to utilise the immense powers that they deploy as Lien holders) in order to ‘divide and rule’ – the White House’s main tactical objective having been to try to separate out and isolate the British Monarchical Power and also those components of MI-6 and certain other British intelligence structures who may not be engaged in double-crossing and betraying The Queen out of perverse preference for the fashionable idolatry of German ‘cooperation’, you understand).

U.S. BANKS: WE WON’T PAY WITHOUT A LEGALLY
CODIFIED GUARANTEE THAT WE CAN’T EVER GO TO THE WALL
Within this strategy is a perverse renewed and ongoing White House intent to circumnavigate the Basel List payment instructions and to sidestep Basel-II. The pretext for all this is that the US banks in question are now maintaining that they will not disgorge any of the stolen, diverted and illegally acquired monies, including the monies they have been making from Settlement funds via further trading, without their continued existence being GUARANTEED by the Federal Government, with the necessary provisions codified in law so that they cannot go bankrupt. It will be recalled that Bank of America refused to disgorge on the grounds that it would collapse if it did.

‘CONTRADICTIONS’ OF THE ARRESTS WITH WHAT
THE WHITE HOUSE IS ACTUALLY DOING AND INTENDING
Yet, notwithstanding all of the above, the arrests identified to us on the basis of reports, have been taking place precisely because these US criminal enterprises have been refusing to disgorge the funds. That is just one dimension of the current ‘contradictions’ referenced at the beginning of this report. (Four US institutions reportedly control $7.0 trillion of ‘real money’ – plus 50% of Credit Card business, and 75% of US ‘real money’ liquidity. The institutions concerned are Citibank, the Bank of America, Wachovia, Wells Fargo: Goldman Sachs ought perhaps to be included),

LEGISLATING FOR THE U.S. WEIMAR REPUBLIC
So, on the one hand, the immense pressure being exerted against financial institutions, with no leniency being extended towards complicit Federal Reserve Banks either, continues; while on the other hand – as explained below – legislative measures are being assembled to procure a state of affairs which would get the banks off the hook while at the same time enabling the organised criminal operatives inside the structures:

• To perpetuate the racketeering financial carousel on such a scale as to guarantee that the United States WILL experience a Wiemar-style hyperinflation and currency collapse.

• To perform the US Dollar Refunding operation in a corrupt and wholly counterproductive manner from within the US Treasury, in precise opposition to the necessity for the Refunding to take place SOUNDLY in the private (NOT the Government) sector, so that the resulting accruals are taxed and placed onto the US Treasury’s books – thereby counteracting and diminishing the irresponsibly incurred, wholly unnecessary official debt that has been accumulated since Obama came to power (doubling in two years the aggregate of debt reported by the Office of Management and Budget).

• INSTEAD OF WHICH, in order to RETAIN TOTAL CONTROL and to protect themselves from the consequences of their past serial illegal financial manipulations involving securitisation, which is illegal, and all the other unfettered breaches of the Rule of Law over which they have presided, they are content for ‘background’ debt to be accumulated on a Weimar scale with no thought for tomorrow. So long as they’re off the hook (as they foolishly imagine), that’s all that matters.

• Except that the course they intend will destroy ALL VALUE, will degrade the US dollar, will plunge the world economy into the Grandfather of all depressions, will precipitate uncontrolled physical strife and warfare, will result in the breakup of all multinational institutions, will despatch numerous already bankrupt institutions to the wall, will destroy personal and corporate savings, will decimate whole swathes of the industial and agricultural economy everywhere, and will condemn the world to the possibility that modern civilisation will actually collapse as power supplies will be disrupted and electronic communications and payments systems will cease to function. That’s just a brief summary of HOW EVIL THESE FINANCIAL TERRORISTS ARE, how STUPID AND ARROGANT THEY ARE, and why, for as long as they remain in control, THE WORLD WILL CONTINUE TO DESCEND INTO THIS MAELSTROM OF ALL-OUT ECONOMIC AND FINANCIAL DECADENCE.

• And this is ALL a DIRECT consequence of the takeover of the Central Intelligence Agency by the pan-German cadre, de facto heirs of the Nazi Abwehr (military intelligence), aided and abetted by their Zionazi allies, and their visceral hatred of the ‘Main Enemy’.

You can dismiss this out of hand if you prefer, but you will find to your distress that what we have been saying on this score is has been correct all along.

PRECARIOUS SUBSTITUTE FOR ACTUAL WORLD WAR
THIS ALL-OUT ECONOMIC WARFARE is supposed to substitute for actual violence and military hostilities; but the way things are going, that substitution will collapse.

We turn now to the mechanism whereby the criminalist serpents holding supreme power in the United States intend, as they see it, to ‘slide out from under’ so as to retain total control for themselves and their cronies – ensuring a catastrophic Weimar-style outcome in the process.

OBAMA’S DECEITFUL SPEECH AT THE COOPER UNION, NEW YORK
Speaking at the Cooper Union, New York City on 22nd April, Mr Barack Obama continued with his sudden campaign to ‘control derivatives’ – buttressed by a separate sound-bite observation, for public consumption, that he would veto any financial reform Bill sent to him for signature that does not ‘control derivatives’. In that case, manifestly, the President must veto the convoluted (draft) Bill emerging thanks to Stalin’s grandson, Senator Christopher Dodd, from the Senate Committee on Banking, Housing, and Urban Affairs, labelled as a (draft) Bill: ‘To promote the financial stability of the United States by improving the accountability and transparency of the financial system, to end ‘too big to fail’, to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes’.

• This Bill now has a number: 3217, and the title: Restoring America Financial Stability Act.

• The title of this iniquitous draft legislation should read:
Destroying America Financial Dictatorship and Instability Act 2010.

GROSS WHITE HOUSE MISREPRESENTATION OF WHAT THE DODD BILL WILL DELIVER
This draft Bill, as published, runs to 1,336 pages; but according to the respected former Federal Government economist, Lawrence Lindsey, speaking on CNBC between 8:01 hrs and 8:05 hours on 22nd April, the actual length of the Bill is 1407 pages – implying that there are 71 pages containing stuff of such sensitivity that US and foreign observers wont be allowed to read what they contain.
Mr Lindsey made three points, after perusing the text of this iniquitous (see below) Senate Bill:

• The Treasury and the Federal Deposit Insurance Corporation (FDIC) will gain the power to extend UNLIMITED LOAN GUARANTEES to financial institutions.

• The Federal Reserve will gain the codified power to take collateral from the banks and to lend against it (perpetually institutionalising the previously ‘short-term’ TALF arrangements).

• A ‘rainy day’ fund with loan guarantees will constitute a separate Government-administered fund, with a demanded base of $50 billion. This is identical to the ‘rainy day’ fund that the Grand Jury-indicted Greenspan exploited on an open-ended basis on behalf of the CIA/DVD Bush Crime nexus for Fraudulent Finance purposes.

‘COUP D’ETAT BY INSTALLMENTS’ BY STALIN’S GRANDSON
Mr Lindsey didn’t have time during that slot to say more, but he gave the necessary ‘heads-up’ to ensure that those not asleep on their brains would make haste to research the CONtent and the intent of this iniquitous Bill introduced by Stalin’s grandson. In two nutshells, the Dodd Bill:

• Codifies ‘Too Big To Fail’ ensuring that BANKS CAN NEVER GO BANCKRUPT, so that the corrosive Fraudulent Finance carousel racketeering activity can be continued sine die.

• Facilitates the ‘full transparency’ of the banks’ balance sheets by enabling their worthless off-balance sheet accruals to be ‘expunged from the record’ (shoved into an unaccountable black hole) with securitisation assets simply recreated so that the carousel can continue, also sine die. Essentially, the accrued off-balance sheet Fraudulent Finance disappear into a vacuum. But:

• The ‘other side of the Government’s balance sheet accrues debt on a scale with no historical precedent, guaranteeing that Weimar will be recalled as a pleasurable experience.

• As explained above, this is all being arranged amid a barrage of crass double-speak in order to sidestep the Basel List, the Basel-II requirements, the private sector Refunding Programme using the sovereign loan money provided by the British Monarchical Power, and to entice the Chinese, who appear to have lost their nerve, to continue the carousel. (Until the United States and China collapse in tandem, of course).

One can perhaps now more easily understand why President Sarkozy didn’t care if the TV cameras caught him screaming vituperative hatred at Russian President Medvedev, and calling President Obama ‘insane’. Because the covert Soviets haven’t been quite as stupid in this connection as the avaricious and corrupted French and Germans.

In the circumstances, we can now perhaps characterise President Sarkozy as having been rather polite on both occasions. For France is stuffed, like Germany, to the gills with the consequences of US Fraudulent Finance scamming transactions (think the 3,000+ Bush Crime Family-linked accounts an Paribas, and the colossal volume of worthless derivatives assets held by Deutsche Bank AG, Dresdner Bank and Commerzbank).

OBAMA’S OUTRIGHT LIES TO THE ASSEMBLED BANKERS
Mr Lawrence Lindsey’s CNBC observations preceded the address given by President Obama at the Cooper Union, in which Mr Barack Obama – the man who has allowed the entire official debt of the American Treasury incurred over the best part of a century to double in the space of just two years because he perversely refused to permit the transparent, taxable private sector Dollar Refunding Programme using the sovereign loan fund of $6.2 trillion to be implemented because control would have been partly wrested from the hands of the criminal financial enterprises and their cronies holding high office and elsewhere within the structures – made the following weasel statement, which is the precise REVERSE OF THE TRUTH:

‘It is essential that we learn the lessons from
this crisis so that we don’t doom ourselves to repeat it’.

• FACT: The draft Dodd Bill won’t just have the effect of REPEATING the crisis,
it will GUARANTEE A CRISIS 100 TIMES WORSE – AND BY DESIGN.

Now the draft Senate Bill from Dodd establishes (see below) an Office of Financial Research situated INSIDE THE TREASURY. This Office Committee will set up a DICTATORSHIP, as we will be explaining – something, obviously, that Stalin’s grandson could not possibly have any objection to.

But first, Mr Obama’ speech at the Cooper Union (part of a broader campaign by the White House to ensure support for this bad Bill – which is designed to enable the kleptocracy to enjoy unlimited, perpetuated and unquestioned freedom and power to engage in open-ended Fraudulent Finance Racketeering operations, while, in the tradition of DUPLICITOUS DOUBLE-MINDEDNESS, claiming to ensure financial sector and economic stability and no danger of repetition of the 2007-2009 crisis) – embraced several numbered points which we can refute right away:

• First, ‘we need a system [provided via the Dodd Bill] to shut these firms down’. FACT: As will be shown below, the Senate draft will hand the Office of Financial Research UNLIMITED POWERS to close down any bank or other financial (and commercial) entity AT HOME AND ABROAD handling US dollars that they consider to be a ‘threat’ ostensibly to the security of the United States, but in reality to the intended closed Fraudulent Finance carousel institutionalising criminal operations by the organized control kleptocracy. THEY WANT TO ELIMINATE THE COMPETITION.

THE SINISTER OFFICE OF FINANCIAL RESEARCH INSIDE THE U.S. TREASURY:
LOCUS OF THE INTENDED WORLD FINANCIAL DICTATORSHIP
Specifically, the authority to be given to the sinister-sounding intelligence agency to be called the Office of Financial Research, the powers of which will be comprehensive, absolute and arbitrary, will include powers to close down OFFSHORE ENTITIES. Thus ANY financial or business entity that is dealing in or handling US dollars anywhere in the world will be vulnerable to being shut down by the internal US Treasury Committee that will be making all the decisions, behind closed doors, as to which entities should be allowed to exist, and which entities should be closed down – on no basis other that a subjective determination that the entity may be a potential threat to the security of the United States (that is to say, to the closed Fraudulent Finance racketeering, trading and platform operations protected and codified in perpetuity by this iniquitous control legislation).

• A SPECIFIC EXAMPLE would be a Dollar Refunding entity operated from London: see below.

• On the face of it, this drastic, insane (as Sarkozy indicated), apparent own-goal arrangement could ensure that foreigners cease conducting transactions in US dollars altogether – thereby destroying the United States’ hegemony over energy products (denominated in US dollars), and forcing China, Russia, Britain, Japan and European countries to operate using other currencies.

But in practice, given the presence around the world of US corporations trading in US dollars, this provision codifies the power of the US dollar, while at the same time prospectively destroying the Euro, the pound and any other currencies, including the Chinese reminbi, and related structures, standing in its way. In the process, the US dollar system will become a catastrophically decadent, inflation-generating global system under the ‘corporate’ control of the rats – the continuing and successor rats within the Bush-Clinton-Cheney-DVD Box Gang and associated Fascist criminalist components of the Nazi-minded enemies of humanity.

• Secondly ‘the Bill would also enact what’s known as the Volcker Rule’… [which] ‘places some limits on the size of banks and the kinds of risks that banking institutions can take. FACT: The Volcker Rule becomes completely inconsequential in the light of Dodd.

• Thirdly ‘reform would bring a new transparency to many financial markets’. Obama said that ‘many practices were so opaque, so confusing, so complex, that people inside the [trading] firms didn’t understand them, much less those who were charged with overseeing them’ [curious, then, how the SEC joined in the Fraudulent Finance bonanza itself under Mr George W. Bush’s criminal Administration: see CMKX Complaint, 9th January 2010, et seq.: Archive].

‘They weren’t fully aware of the massive bets that were being placed. That’s what led [the CIA operative/asset – Ed.] Warren Buffett to describe derivatives that were bought and sold with little oversight as ‘financial weapons of mass destruction’ – because, as Mr Barack Obama DID NOT SAY, securitisation is illegal in the United States [see Archive].

So, greater transparency? Not at all. On the contrary, the Dodd Bill will MAXIMISE THE POTENTIAL FOR ONGOING CONFUSION, because there will in fact be no clear set of rules (AS THE 1933 AND 1934 SECURITIES ACTS WILL BE OVERRIDDEN UNDER DODD: see below). The only ‘rules’ will be those arbitrarily specified by the new Treasury-based below-the-radar intelligence organisation to be named Office of Financial Research. So, if a financial entity wants to do something, whether new’ or not, it will have to obtain this internal US Treasury Committee’s prior agreement.

And since, as we have amply shown, the US Treasury is a notoriously duplicitous and corrupt institution, engaged ‘as we speak’ in disreputable Fraudulent finance operations, can BRIBERY of officials within the Office of Financial Research be far away? Of course not.

• In the fourth place ‘this plan (Dodd) would enact the strongest consumer financial protections ever’. FACT: Once the ominous-sounding Office of Financial Research has been established and is operative inside the us Treasury, the Consumer Protection Agency (CPA) will have nothing to do. Because it will be up against an arbitrary power centre subject to no checks and balances which will make up the rules as it goes along, thereby ensuring that whatever the CPA imagines that it is supposed to be doing, could be upset and overruled at any moment. And of course the draft Dodd Senate legislation provides that none of the more drastic provisions can be repealed.

• In the fifth place ‘These Wall Street reforms will give shareholders new power in the financial system. They will get what we call a say on pay, a voice with respect to the salaries and bonuses awarded to top executives. And the SEC will have the authority to give shareholders more say in corporate elections, so that investors and pension holders have a stronger rôle in determining who manages the company in which they’ve placed their savings. FACTS: As demonstrated below, not only does the Senate draft Bill override the Securities and Exchange Act, but also NO MENTION whatsoever of what Obama talked about here is found in the published pages of the Bill.

WHO’LL BE IN CHARGE OF THE OFFICE OF FINANCIAL RESEARCH?
WHY, STALIN’S GRANDSON, OF COURSE
Now Senator Christopher Dodd is stepping down from the Legislature and is not standing for re-election. Who do you suppose will emerge as the first Secretary of the Treasury for the Office of Financial Research? Why, Senator Dodd, STALIN’S GRANDSON, himself, don’t you know. As we have repeatedly stated, pan-German and covert Soviet intelligence collaborate and share their common interests at the highest level: and Stalin’s grandson operates at the highest level.

MAIN PROVISIONS OF THIS INIQUITOUS DRAFT LEGISLATION
Pending a planned detailed analysis by this service of this iniquitous and duplicitous legislation, which (in accordance with the double-mindedness dialectical methodology routinely employed by these people, as we have seen) purports ‘to promote the financial stability of the United States by improving accountability and transparency in the financial system’ but does the exact opposite, the Bill promoted by Stalin’s grandson would procure as follows.

The Dodd (Senate) Bill, which analysts are already saying they ‘don’t understand’ and which is already the subject of confusion-mongering and obfuscation by ‘spinmeisters’:

• Will supercede the Securities Acts 1933 and 1934.

• Will, as reported above, establish an unaccountable intelligence and oppression mechanism within the US Treasury with unfettered dictatorial and arbitrary powers that can be applied without checks and balances at home and abroad, ominously called the Office of Financial Research.

• Will place the US Treasury in a position where it can do anything it likes with no checks and balances, with total impunity, so that corrupt finance will be ‘legitimised’ by the co-conspiring US Congress, institutionalising racketeering by the organised criminal cadres operating from within the US structures that have been systematically exposed since 2005-06.

POWERS OF THE OFFICE OF FINANCIAL RESEARCH
The Office of Financial Research will be empowered to:

• Declare any non-bank financial institution or entity ANYWHERE to be a threat to US security.

• Having made such an arbitrary determination without checks and balances, take steps to destroy the entity in question, DECLARING its existence and operations to be null and void.

• Decide, without accountability or regard to the Rule of Law, let alone to so-called ‘alliances’ and the despised ‘Special Relationship’, who and what is ‘an enemy of the United States’.

• Accordingly, arbitrarily target any non-bank financial entity, or ANY entity HANDLING AND TRADING IN U.S. DOLLARS, i.e. ANY FOREIGN CORPORATION, FOR ‘TAKEDOWN’ WITHOUT PRIOR NOTICE OR EXPLANATION. Any entity using US dollars would be vulnerable to such unilateral arbitrary action.

• Put another way and by extension, ‘take down’ any non-United States-based institution, broker-dealer or other entity to which the Office of Financial Research takes objection – which is to say, ANY entity, at home or abroad, that is arbitrarily considered by the Office of Financial Research, with the full authority of the US Secretary of the Treasury, to represent A THREAT TO THEIR ONGOING PERMISSIVE FRAUDULENT FINANCE RACKETEERING OPERATIONS.

THE REAL PURPOSE: TO PREVENT THE DOLLAR REFUNDING FROM LONDON
FACT: As you are aware, the planned fully transparent, taxable, visible on-balance sheet, US Dollar refunding operation is the undisputed solution to the United States’ self-imposed crisis (which it has inflicted for self-interested and revolutionary reasons on the Rest of the World). This Group of Seven-approved mechanism, using sovereign loan funds for the purpose, delivers windfall taxes into the hands and onto the books of the US Treasury in full view, forcing the US Treasury to credit them (so that they cannot be diverted, which is what the corrupt US Treasury objects to) against the permissive, pointless, avoidable, unnecessary and corrosive ‘background’ official Federal debt incurred by this reckless Administration and its predecessors.

• HOWEVER, the hidden intent buried within the draft Dodd Senate Bill is in reality to declare this US Dollar Refunding operation A THREAT TO THE SECURITY OF THE UNITED STATES AND TO HAVE IT CLOSED DOWN. In other words, these criminals intend to procure that the single, agreed-upon and sound, reliable solution to the entire crisis is A THREAT TO THE SECURITY OF THE UNITED STATES, i.e., THE SOUND SOLUTION THREATENS THEIR RACKETEERING OPS.

In summary, therefore, the provisions buried inside the colossal Dodd draft Bill from the Senate which would empower the Office of Financial Research arbitrarily to DECLARE any non-bank entity at home or abroad to be a ‘threat to the security of the United States’ and therefore a candidate for being ‘taken down’ with its operations to be deemed by unaccountable apparatchiks to be null and void, are SPECIFICALLY AND INTENTIONALLY targeted at the planned on-balance sheet US Dollar Refunding Programme deploying the sovereign loan funds provided pro bono humanitas that’s to be managed by the US Securities expert Michael C. Cottrell, B.A., M.S., from London – all necessary arrangements having been made effective from the end of May 2009 for that purpose, given the intransigence of the official US control kleptocracy in this regard.

Moreover the US Treasury Secretary will be empowered to:

• Invest in any asset, activity, operation or programme without visibility, accountability or checks and balances that they like (so much for ‘accountability’).

• Issue arbitrary and CLANDESTINE instructions, as we have seen, to the Treasury’s Office of Financial Research to target and ‘take down’ any entity, whether within the US jurisdiction or offshore, that he considers to be a ‘threat’, i.e. to be getting in the way of them, US Treasury’s unfettered, permissive, hidden trading program and clandestine (CIA) racketeering operations.

DUPLICITOUS LEGISLATION INSTITUTIONALISES RACKETEERING
And it has recently come to light that the US Treasury is so desperate to continue its reckless racketeering activities below the radar, that it is currently, as we speak, engaged in clandestine program trading operations with selected counterparty ‘takers’ involving the arbitrary issuance of Treasury Securities for use as collateral at a de facto interest yield of 50%.

In other words, the Geithner Treasury is ALREADY generating massive volumes of ‘trashets’ below the radar, over and above what is implied by its permissive formal financing operations to ‘manage’ the $4.5 trillion of additional and completely unnecessary debt that the Obama régime is proudly incurring in the space of two years (doubling in just two years the officially REPORTED debt burden accumulated by the Treasury in almost a full century).

It is ALREADY the case that the reckless, ill-advised, permissive measures taken by the Obama Administration to date have condemned American taxpayers to generations of higher taxes than are ‘necessary’, given that NONE OF THIS DEBT need have been incurred AT ALL had the US Dollar Refunding Programme using the sovereign $6.2 loan funds provided pro bono humanitas on 19th-20th June 2007 been used for the purpose for which it was intended – instead of being hijacked by the organised kleptocracy embedded in the US structures, beginning at the White House and the controlling criminalised US Intelligence Power.

But now, with the Republican Party – increasingly seen abroad as a hotbed of dirty dealing and criminality – desperate to continue Fraudulent Finance racketeering as though there had never been any discontinuity – the Dodd Bill, or what emerges from the Senate, is more than likely to be enacted, ‘enabling’ Obama to sign it into law.

• UPDATE, 28th April 2010: A trusted New York US financial expert observer known personally to the Editor of this service provides the following elaboration to the first paragraph under the heading given immediately above. We reproduce his very illuminating observations verbatim:

‘To some degree, this type of percentage return corresponds with what I was told last week with regard to a certain offered Dollar Investment Program that ‘promises’ upwards of an 800% return over a two- to three-year period, the minimum investment being $100 million. I don’t know all the specifics, as yet, though a very trusted and knowledgeable non-USA source says he checked same out, in depth, and it appears to be framed in a very legitimate program’.

• Editor’s comment: OF COURSE! ALL PONZI SCHEMES ARE FRAMED TO APPEAR LEGITIMATE!

Our correpsondent continues that ‘my comment to him was’:

‘In my humble opinion, this Tooth Fairy-promised return can only be possible if one is the owner of a commercial bank utilizing the fractional reserve system, wherein near-zero interest paid for USA Treasury funds is multiplied by a factor of 9x times, then the resultant amount is self-traded at 100x leverage within the foreign exchange spot and forward markets. Add in the advantage of criminal pre-notification of US Treasury and currency decisions as they will affect the dollar exchange rates, telling one where to place their long and short 100-to1 leveraged trading bets, and there you have your ‘guaranteed’ near-infinity return on investment, whereby a ‘nearly free’ borrowed US$1.0 times 9, times 100, yields a US$900 now-leveraged bet that, in turn, earns many multiples of itself. Absent the foregoing, it’s an outright fraud, a planned Ponzi scheme’.

• Editor’s further comment: Under the so-called ‘Restoring America Financial Stability Act’, which means the opposite of what it professes, THE U.S. TREASURY CAN DO ANYTHING, and will MOST CERTAINLY engage in the origination of such contracts, which will degrade the dollar to zero and will GUARANTEE an outcome FAR WORSE THAN WEIMAR, ENGULFING THE WHOLE WORLD.

‘NULL AND VOID’ AND ‘MISPRISION OF FELONY’
The manipulators within the components of the Intelligence Power theoretically retain the option to procure, by whatever means they may deem feasible, to have Obama removed from office as an impostor – although in practice, since he was sworn into office by the Chief Justice (who made a deliberate mistake in the process, but Obama was subsequently re-sworn inside the White House behind closed doors soon afterwards, OSTENSIBLY by the Chief Justice), the Supreme Court would be destroying what remains of its own credibility by concurring in any such process short of actual impeachment. However it remains the case that all laws and Executive Orders signed by Mr Obama could subsequently be found to be null and void – a possibility recently taken up by Mr G. Gordon Liddy, a Box Gang operative, in his broadcast programme on 20th April 2010, taking a leaf out of this Editor’s report revealing that ‘All UK legislation since 2000 is null and void’. Specifically, Liddy (the felon of Watergate and Cheneygate), who is both an attorney and also a ‘former’ FBI agent, asserted, in response to Artie from Chicago who asked what the fate of the Obama health care legislation might be, responded: ‘Any bill signed into law… by non-President Obama would be null and void’. He then repeated the phrase ‘null and void’ shortly afterwards.

And in a separate radio show on the same date, Liddy spent an hour on the case of Colonel Lakin, who is to be court-marshalled because he is refusing deployment orders on the ground that he doesn’t know who his Commander-in-Chief is. In this broadcast, Liddy showed to ‘the interested’ that he had read our report entitled ‘All UK legislation passed since 2000 is null and void’ (which, at 07:51 hrs on 26th April 2010 had accumulated 10,500 links, and was up to no less than 10,900 links by Tuesday morning 27th April, by the way). Specifically, Liddy referred twice to Obama’s legislation and Executive Orders being ‘null and void’, indicating a reference by transference, to our report.

We stress, however, that our study of the way the Soviet Leninists operate (in the context of our work for Soviet Analyst) reveals that what the controllers have procured by placing Obama in the top slot is just AN OPTION to proceed as suggested above, depending (as Lenin would have put it) on the ‘correlation of forces’. For don’t forget, these people all use Lenin’s modus operandi.

Close and reliable observers in the United States have also informed us that reference to ‘Misprision of Felony’ is increasingly noticed in the public domain. Isn’t that interesting?

GENERAL POWERS TO BE TRANSFERRED TO THE U.S. TREASURY
At the Cooper Union, the audience of financiers applauded when Mr Obama ventilated populist sentiments, and failed to grasp that the intended legislation contradicts what came out of his mouth. This is because these people live in a one-dimensional universe and do not, as a rule, understand that policy is dictated by a narrow clique of controlled, organised criminal Fascist revolutionary kleptocrats in their own interests who make common cause with Lenin (globalism being, of course, profoundly Leninist). No doubt among their number will have been bankers who will have ordered the colossal Dodd draft text to be perused with the proverbial fine toothcomb.

It will be interesting to see whether any of their number sticks his head out to warn of the terrible consequences that will ensue, not just for the United States but for the whole world, if this truly iniquitous piece of dirty US legislation reaches the tarnished Statute Book.

More generally, what Stalin’s grandson does in this draft senate Bill is essentially to TRASNFER GENERAL POWERS TO THE U.S. TREASURY – the self-same technique that the covert pan-German Continuum has used to entice the weak European nations into the European Union Collective. What Britain and these countries have blindly done is to confuse ‘cooperation’ with collectivism and entrapment.

On accession, the intended satrap nation state transfers GENERAL POWERS to the unelected control apparat in Brussels, which is devoid of any meaningful checks and balances despite the convoluted arrangements laid down in the 1992 Maastricht Treaty, and is dominated by the Franco-German alliance institutionalised by the treaty of the Elysée of January 1963, of indefinite duration.

THE GENERAL POWERS TRANSFER MODEL:
HITLER’S PUTSCH IN 1933 AND THE EUROPEAN UNION COLLECTIVE
As we have revealed, this apparat is institutionally corrupt, since the European Commission’s accounts have specifically NOT been approved by the EU’s own Court of Auditors located in Luxembourg, for the past 14 years. This means of course that the European Commission [EC] is a criminal enterprise, which is continuing to ‘trade’ using taxpayers’ money when it cannot account for the funds it has consumed for the past 14 years.

The UK Serious Fraud Office has placed on the record through its official John Craig, confirmation of the basic fact that it is a criminal offence for taxpayers’ funds to be remitted into the hands of a criminal enterprise. By extension, therefore, it is also a criminal offence for the British and other governments to continue paying Value Added Tax (VAT) receipts over to the European Commission KNOWING THAT THE E.C.’S ACCOUNTS HAVE NOT BEEN APPROVED FOR THE PAST 14 YEARS.

• Taxpayers are accordingly being defrauded by the British (and other craven) EU satrap regimes.

The earlier version of a catastrophic transference of GENERAL POWERS into the hands of an unaccountable dictatorship occurred on 23rd March 1933, when Adolf Hitler (Schickelgruber), having resorted to intimidation and mendacity and banning the Communist deputies from the Reichstag following the contrived ‘red scare’ triggered by the Reichstag Fire, managed to secure the necessary two-thirds majority in the new Reichstag for an ENABLING ACT that transferred legislative authority from the Reichstag itself to his Cabinet, ostensibly for four years (1).

‘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 installments” (2). By summer, all parties except the Nazis had been dissolved…’.

HOW ARE THE MIGHTY IN THE PROCESS OF FALLING
Our Malaysian correspondent, Matthias Chang, has provided the following description of what happened when Tony Blair appeared at a pyramid-shaped (i.e. globalist-esoteric, as in Las Vegas, Astana (Kazakhstan) and other deluded geomasonic ‘points of light’ locations around the world), on 24th April 2010 to provide a confused audience with the benefit of his sterile prognostications. The following report, which has been widely disseminated, is reproduced verbatim:

War criminal Tony Blair, the keynote speaker at the National Achievers Conference organised by Success Resources, a sycophant Singapore outfit at the Sunway Pyramid Convention Centre in Kuala Lumpur, hid in fear at the threat that members of the Malaysian anti-war NGOs would throw slippers at him and that members of the Kuala Lumpur War Crimes Commission would serve an indictment for war crimes.

Extensive security measures were put in place before his arrival for the three-day event. For the first time, delegates to the conference had no itinerary of the speakers invited to speak at the convention. Organisers and delegates were not even told when speakers were scheduled to speak. There was a total black out!

Delegates have to wear a special wrist band for the entire duration of the convention for identification purposes and anyone without the security wrist band was not allowed to enter the vicinity of the convention hall.

Chairman of the Kuala Lumpur War Crimes Commission, Mr Zainur Zakaria, the Chief Prosecutor of the War Crimes Commission, Mr. Matthias Chang, with two members of the Perdana Global Peace Organisation, Mr. Ram Karthigasu and Mr. Christopher Chang, a representative of the Malaysian Kwong Siew Association, and two representatives of the Iraq Community in Malaysia evaded the security by registering themselves as delegates.

At 8.30 am, members of NGOs gathered at the entrance of the convention center to protest against the visit of war criminal Blair. Undercover teams were dispatched to the three separate entrances to confront and attempt to serve the war crimes indictment on Blair. But he could not be seen entering the convention centre.

He had entered surreptitiously and was hiding in a VIP room just above the convention hall where the function was held. His original schedule was 10.00am this morning. But organisers issued statements that no schedule is available.

British and Malaysian security officers were seen patrolling the corridors and had identified the seven delegates who were waiting for Blair. They kept a close watch on the delegates. Mind games began when rumours were spread that Blair would not be speaking today. Hints were given that Blair would be speaking on Sunday in the hope that the seven delegates would abandon their vigil.

At 11.25am, the seven delegates discovered that Blair was hiding in the VIP room just above the convention hall. They took their positions, with three members tasked with taking photographs.

At 11.30am Blair and his team of goons descended from the VIP room and walked towards the VIP entrance of the convention hall.

Mr. Matthias Chang and Mr. Zainur Zakaria rushed forward to serve the indictment, while the Iraqi representatives loudly denounced former Prime Minister Blair as a “mass murderer, war criminal, shame on you”, repeatedly. Blair was obviously unsettled and put on an embarrassed smile.

Mr. Matthias Chang and Mr. Zainur Zakaria were prevented from handing the indictment to Blair by over 30 British and Malaysian security personnel. Both of them denounced ex-Prime Minister Blair within earshot, “War criminal, shame on you! Mass Murderer!”

Mr. Zainur Zakaria also shouted at the Malaysian security personnel: “Why are you protecting a war criminal?” The security officers could only respond with a silly expression.

The Kuala Lumpur War Crimes Commission stated later that this is only the beginning of a global campaign to ostracise war criminals like Blair and Bush and urge people the world over to adopt similar campaigns against Bush and Blair. ENDS.

• FACTS: Blair and his wife Cherie have ‘certain interests’ in Kuala Lumpur. Back home, Blair has acquired a Jacobean mansion at Weston Underwood, within the Bernwode area adjacent to where the Editor is writing this report in Buckinghamshire. According to recent press reports, he has a staff of more than 130 lackeys, and needs a very large staff to maintain the formal gardens and the mansion (which used to belong to Sir John Gielgud, the actor), in the pristine state to which it is historically accustomed.

Investigative reports have established, by perusing Companies House entries, that the ‘Blair Machine’ operates via a complex, Maxwellian network of interrelated companies and private partnerships. Specifically, there are two tiers of these Blair entities – uemploying geo-esoteric names: Windrush and Firerush (Wind and Fire).

The provocative selection of these names proves that Blair’s religiosity (like Wanta’s: see below) is fraudulent and that in reality he is engaged, when he is not enriching himself further, in promoting the sterile ‘New Age of Aquarius’ World Pantheistic (= pagan) Religion, which seeks to ‘merge’ all organised religions into one – a work of Satan – and to ‘legitimise’ vile abominations such as the primary activity in which these people engage after moneymaking: paedophilia.

Indeed in the vast pyramid structure designed by the agnostic British architect Sir Norman Foster at Astana (anagram of the Russian for Satan, satana), Kazakhstan, is a huge circular meeting room built round a sun image dedicated to meetings of the controllers of organised religions around the world, who meet at this venue, named after Satan, for this very purpose.

A domestic problem all along may well have been how to effect the transfer of any funds received through ‘facilitating’ the then latest version of the EU control mechanism at the time of the rolling European Union Collective’s Treaty in 2005 [see the first report in this series: Archive] plus any corrupt payments that may have been received, as reported, in exchange for ‘facilitation’ of the illegal attack on Iraq, including $136 million reportedly transferred into an account in Abu Dhabi.

Funds reportedly held within the Ansbacher banking network in the British Virgin Islands, Malaysia and elsewhere will also have needed repatriation.

Note that the Windrush entities are DUPLICATED by the Firerush entities. To both groups of Blair corporations, which must file accounts with Companies House, are attached private partnerships, which do not file accounts available for public scrutiny. Any private citizen trying to bamboozle HM Revenue and Customs nowadays with such a complex tax structure would immediately trigger a mandatory investigation. But, as we have repeatedly pointed out, if you wind up belonging to the intergovernmental élite, the Rule of Law doesn’t apply to you.

GERMANS BASICALLY TELL GREECE TO GET OUT OF THE EURO
While the International Monetary Fund grappled during the Spring Meetings in Washington, DC, with the Greek financial meltdown brought about as a direct consequence of Fraudulent Finance transactions via Citibank, Athens (as previously revealed by this service), Hans-Peter Friedrich, a senior official of the CSU, the Bavarian segment of the so-called ‘Christian Democrats’ led by Frau Angela Merkel, the ‘former’ East German Communist Party activist and Secretary for Agitation and Propaganda in the Communist Youth Wing at Karl Marx University, stated pointedly for world public consumption that the possibility of Greece leaving the Euro should no longer be considered taboo. Other German officials have also been making provocative comments on this subject.

In other words, the pan-Germans dancing to the cacophonous, sterile tune piped by the heirs of the Nazi Abwehr, are now predictably scared out of their wits that Germany itself will be brought down by its own mechanistic hegemony and control strategy, designed to enmesh the satrap European ‘Member States’ in a de facto ‘Greater Germany’.

Actually, Friedrich’s remarks were sharper: specifically, Friedrich said that Greece ‘must seriously consider leaving the Eurozone’ and that this subject ‘should not be taboo’. Obviously it must be many years since Herr Friedrich read the Maastricht Treaty, if he ever read it at all, since the Treaty states unequivocally that state participation in Economic and Monetary Union (EMU) on the basis of ‘irrevocable’ exchange rates, cannot be rescinded – so that once a satrap country has been stupid enough to join, it is stuck, like a dead fly in a spider’s web, until the end of the solar system.

The IMF Press Room learned that officials of the Group of Twenty (which has ‘displaced’ the Group of Seven as part of an earlier Brown operation to close down the G-7-approved transparent Dollar Refunding Programme), were now aware that the entire EMU structure may be in jeopardy, and that Germany itself (which harbours the largest concentration of dud derivatives assets worth zilch in the world, having enthusiastically participated in the Fraudulent Finance racketeering fest only to be double-crossed, as usual, by the Bush Crime fraudsters) faced the prospect of having to cough up 45 billion Euros JUST AS A DOWN PAYMENT, in order to help fund Greece’s emergency rescue package, which looked precariously poised at the end of the Spring Meetings weekend.

At these IMF meetings there is usually one critical issue that swamps everything else, and this time it was Greece. But ‘Greece’ in the prevailing context means the continued coherence of the pan-German/French Economic and Monetary Union project that underpins the EU Collective itself.

If Greece pulls out, other increasingly desperate satrap ‘Member States’, such as Spain, Ireland and Portugal, won’t be far behind; and even France, which also itself holds a colossal store of dud derivatives ‘assets’, may have second thoughts. When the Euro was ‘launched’ in 1999, Dr Hans Tietmeyer, then President of the Bundesbank, was asked point blank whether the Bundesbank had taken the precaution of holding in store an adequate stock of Deutschemark banknotes, against the possibility that the European currency union could collapse.

• Significantly, Dr Tiemeyer would not answer the question.

‘GREEK CONTAGION’ CONFIRMS THE LONG-TERM
EMBEDDED STUPIDITY OF THE PAN-GERMAN DUMKOPFS
At all events, in the run-up to the IMF Spring Meetings, and against a background of confusion which has since been exacerbated by the remarks of Herr Friedrich, contagion was spreading all across southern Europe. Specifically, spreads on ten-year Greek bonds soared to almost 600 basis points over German Bunds in ‘panic trading’, pushing Greek borrowing costs up to 9%, while rates on two-year Greek debt rose to 10.6%. On Monday 26th April, following the absence of any clear indication of a ‘resolution’ of the Greek crisis from the IMF/World Bank Spring Meetings, the yield on ten-year Greek Government bonds reached 9.39%, with the spread against ten-year German benchmark bonds (bunds) up to 6.5 percentage points.

Against this background, the IMF’s Managing Director, Dominique Strauss-Kahn, told the press that ‘it’s clear that the Greek situation is a very serious one. There is no silver bullet to solve it in an easy manner’. Credit default Swaps (CDSs) on Portuguese debt surged by 50 basis points within the space of a few hours on 22nd April, to 270, an all-time high, while CDS on Spanish debt reached a new record of 175 basis points. Irish debt CDSs rose to 162, and official bonds issued by Hungary, Bulgaria, Romania, Russia and Argentina rose sharply. Attempts to ‘ring-fence’ Greece appeared to be making little progress; and expectations of some patchwork agreement were expected to leave the frayed financial markets dangerously unimpressed.

While all this was going on, we were being informed by special US sources that the no-holds-barred economic and financial warfare that is now raging, entails an US expectation that the Euro will be destroyed – and that the whole grandiose purpose of the Dodd Bill spewed out by the Senate will be to impose a de facto US dollar dictatorship controlled by the sinister-sounding intelligence cadre within the US Treasury to be known as the Office of Financial Research (OFR).

Since the OFR will report to the US Treasury Secretary, this appointed official will become, by stealth, the actual financial dictator of the whole world – accommodating Fraudulent Finance transactions and open-ended permissive financing and racketeering both above and below the radar, and presiding over a rapidly accelerating domestic and global inflation which will make the Weimar Republic a pleasant memory by comparison.

All because these criminals are jealous of ANY competition, and have refused to contemplate the CORRECT COURSE, agreed four years ago by the Group of Seven Financial Powers (which is why the G-7 has been swamped by the G-20) – namely, transparent, on-the-books Dollar Refunding in the private sector delivering windfall tax accruals onto the US Treasury’s books, offsetting the escalating ‘background’ debt and placing the US Treasury‘s finances on an even keel after a century of uncontrolled deficit-financing profligacy. The US Treasury has a DEATH WISH.

THE WANTA MONEY-STEALING ROUTE RESURRECTED
On 21st April, ‘Princess Paula’, purporting to be sovereign of the fake ‘Principality of Snake Hill’ outside Sydney, was interviewed on BBC-5 Live. This new aberration sent a loud signal to ‘the interested’ that the original criminal intention of diverting funds via the virtual ‘Central Bank of Snake Hill’, which doesn’t exist but which has a Washington, DC, telephone number that ‘just happens’ to be that of the French Embassy in the US capital, was still ‘live’ – even though we have long since debunked the ‘Principality of Snake Hill’ deception as a criminalist operation focused around the renegade felon and deceiver, Lee/Leo Wanta, the courier between George Bush Sr. and President Gorbachëv, and who grew up in Wisconsin with (guess who?) Richard B. Cheney.

• FACT: The use of a French Embassy-provided DC phone number for this Wanta scam is highly revealing. President Sarkozy’s half-brother, Olivier (‘Oliver’), is a senior figure within George Bush Sr.’s money laundry, Carlyle Group. So the French Embassy appears to be a co-conspirator in this fallback contingency plan to seize and divert funds on disbursement for the illicit benefit of the Carlyle operation. As previously stressed, France covers for Germany under the 1963 bilateral.

First of all, the documents that we hold showing Princess Paula having awarded this or that ‘title’ carry a signature which is identical to that of Lee/Leo Wanta (many samples of whose handwriting we possess in our files).

Secondly, you will recall that in a key (23rd September) update to our report dated 20th September 2009 (and in subsequent reprises of that report) we proved that the ‘Principality of Snake Hill ‘is a fraudulent virtual operation lacking all substance, and that the Principality does not exist.

Specifically, we reported as follows:

On Wednesday 23rd September 2009, our Irish friend and associate, Mr Richard Sharpe, obtained independent confirmation from Ms. Brenda Farrell, of the Australian Embassy in Dublin, that ‘The Principality of Snake Hill’ does not exist, thereby reconfirming that the entire ‘Snake Hill’ operation is FRAUDULENT. This is obvious from all the evidence: but we gained OFFICIAL CONFRIMATION.

• This definitively destroys the bona fides and reputations of the poseurs and serial deception operatives that we have exposed, and should terminate the destructive activities of these people once and for all. They are FINISHED. They have been CAUGHT OUT. Before the whole world.

The email from the Australian Embassy in Dublin, dated 23rd September 2009, reads as follows:

Forwarded message
From: <richardsharpe@eircom.net>
Date: Wed, Sep 23, 2009 at 12:25 PM
Subject: Fwd: Principality of Snake Hill [SEC=UNCLASSIFIED]
To: mrrichardsharpe <mrrichardsharpe@gmail.com>

richardsharpe@eircom.net wrote:
Many thanks for your timely response.

Regards
Richard

“Austremb Dublin” <Austremb.Dublin@dfat.gov.au> wrote:

Dear Mr Sharpe,

Thank you for your email.

There is no principality in Australia.

Kind regards

Australian Embassy
Dublin
Tel: +353 (0) 1 664 5300
Fax: +353 (0) 1 678 5185

richardsharpe@eircom.net

Thirdly, if you revisit our report dated 20th September 2009, you will see that we comprehensively debunked and ridiculed all the fake non-existent dummy ‘officials’ with invented and risible names supposedly forming the ‘Government of the Principality of Snake Hill’ – demonstrating the entire operation to represent a crude virtual fabrication, originally intended not just to engineer a virtual conduit enabling funds to be diverted via Wanta’s signature through the virtual central bank into (we now realise) the hands of the Carlyle Group via the corrupt French Embassy thanks to Olivier (Oliver) Sarkozy being a senior executive with Bush Sr.’s money-laundering Carlyle Group, but also as an entrapment mechanism enabling authorities to move in after the funds had been diverted and to ‘take down’ those unwittingly involved, including Wanta himself no doubt.

In the fourth place, you will also recall that we publicised the typically odious letter to the Editor of this service dated 18th September 2009 from one of Mr Wanta’s CIA lawyers, Thomas E. Henry – a foul individual who, in a three-way conversation between the Editor, Wanta and himself several years ago, thought it appropriate to tell a dirty joke about Jesus Christ – in which Henry (known as ‘Mr Nasty’) stated that he had been directed by ‘Leo/Lee Wanta and representatives from the Principality of Snake Hill’ to make demands on the Editor of this service as stated in that letter.

In the fifth place, you may recall that in response we asked Mr Henry to provide us inter alia with copies of the necessary official authority issued by the US Secretary of State (Mrs Hillary Clinton) proving that Wanta is, as he claims, accepted by the US Government (the Obama Administration) as the Ambassador to the United States for the Principality of Snake Hill.

Mr Henry could not provide any such documentation, of course, since none exists; and when we were able to prove definitively that ‘The Principality of Snake Hill’ does not exist because ‘there are no principalities in Australia’ (as every schoolboy except that felon up in the boonies) knows, Mr Nasty of course vanished from sight like a nasty smell.

Yet now, all of a sudden, on 24th April 2010, long after ‘The Principality of Snake Hill’ deception and of Wanta’s participation and sponsorship of this typically crude and ignorant fabrication has been debunked and consigned to the trash, a signal is heard in London to the effect that the operative calling herself ‘Princess Paula’ is ‘alive and well’, and speaking to some ill-informed BBC-5 Live character to a British audience which necessarily has no possible clue about the background to this discredited US criminal intelligence operation.

What this signalled to US was an intent, notwithstanding the above, for the funds to be diverted on payout via the French Embassy (remember again that France and Germany remain locked together under the terms of the indefinite Treaty of the Elyseé) on behalf of the operatives whom Mr Wanta serves, headed by George W. Bush Sr.

Futhermore, as late as 13th March 2010 ‘Ambassador Lee Emil Wanta’ sent an email received in the UK at 17:34 hrs in which he again displayed himself fraudulently as ‘Ambassador Extraordinary and Plenipotentiary’, Lee Emil Wanta, The Principality of Snake Hill, Postal Box No. 488, Baulkham Hills, NSW 2153; Telefon [in German]: 202 379 2904 ext 001. As noted, the Washington, DC, 202 area code phone number is provided by the French Embassy.

This email contained an attachment which a UK forensic expert declared to us to be ‘riddled with code’. The email was sent, like so many other Wanta fabrications, to the FDCI Chairwoman Sheila Bair, to the White House, to ‘First Lady Michelle Obama’, to Attorney General Eric Holder, to Peter Mandelson MP (indicating, typically, that Wanta has no idea that Mandelson ceased to be an MP years ago, spent time as a European Commissioner in Brussels, and was hauled back and ennobled to serve Gordon Brown, so that his correct title these days is LORD Mandelson), ‘Chairman Paul A. Volcker’ ,and all sorts of other figures whose staff will have shoved the email immediately into the trash. The email was signed off , like other such Wanta missives, on a diversionary false-religiosity note: ‘Blessed be God in His Angels and His Saints’, attributed to St Anthony.

Faced with these continuing insults to everyone’s intelligence, we have decided that now is the time to expose the FRAUD IN THE INDUCEMENT perpetrated against the Editor of this service by Lee/Leo Wanta and another of his devious CIA lawyers, Steven D. Goodwin (born in Düsseldorf, see) of Richmond, VA, in respect of the STEALING of the Editor’s bona fide loan of $35,000.

SUMMARY OF THE EDITOR’S ‘WANTA INITIATIVE’
The background, briefly, to this matter, which of course again proves that Wanta is a crook and a financial terrorist, is as follows. After several years of quite hazardous research, in the course of which the Editor – whose job it is to inform our subscribers about what may be going on behind the financial scenes, not just to regurgitate what they can read in the newspapers – had become aware in outline of the endemic financial corruption; and assisted by the Editor’s ongoing knowledge of Soviet developments arising from his editorship of Soviet Analyst, the Editor also became aware of Wanta and managed to discover where he was located.

In 2004, the Editor sent a note to Wanta asking him to call the Editor’s cellphone at 2:30pm (on 23rd May 2004). The Editor had travelled by air to Eau Claire and had hired a taxi for a number of hours at the regional airport. On arrival in Chippewa Falls, the town where Mr Wanta resides, the Editor asked the taxi to pull into a derelict parking lot. At 2:30pm the Editor’s mobile phone rang, and the Editor informed Wanta that he would be at his front door in five minutes. On arrival at the location, the door was opened, and the character illustrated in Claire Sterling’s book ‘Thieves’ World’ (3) (following page 192) opened it. The Editor had hired a taxi at the airport for three hours and had asked the driver to keep the engine running ready to leave instantly should this be necessary.

The Editor recorded an interview with the grossly overweight Mr Wanta for three hours, but as the accent he spoke in was so peculiar, some of what he said has remained almost incomprehensible to this day. Nevertheless, the Editor maintained contact and in the first quarter of 2005, Mr Wanta suggested that the Editor should contact (his CIA) Attorney Steven Goodwin in Richmond, VA.

• It has since transpired, of course, that this was a set-up.

Because during dinner in Richmond (which the Editor paid for) Mr Steven Goodwin related how he had negotiated an arrangement with the Wisconsin Department of Corrections whereby if a certain sum of money was paid (restitution plus fees), the Department would use its best endeavours to procure the termination of Mr Wanta’s probation, which was otherwise scheduled to be terminated on 28th November 2010. Obviously, Goodwin was subliminally suggesting that the Editor himself should provide the necessary funds for this purpose.

After careful consideration for many weeks, and well aware that this was probably a deception, the Editor decided that if further progress was to be made in destabilising and exposing the financial criminality which by now he realised from accumulated materials and research was corrupting the whole world, he needed to remain ‘inside’ the tent, notwithstanding that the entire tent floor area was covered with writhing snakes. He therefore ultimately decided to provide a sum of money from private funds acquired from a successful sale of our London home ($35,000) for the purpose.

Goodwin revealed himself to be dodgy from the outset – failing on several occasions to send the necessary documents, raising early questions in the Editor’s mind as to the man’s bona fides.

In the end, the Editor travelled to Eau Claire again, this time staying overnight, and appeared at the Wanta location on 9th June 2005 inter alia to conduct a further interview and to sign the necessary loan documents, which Goodwin had failed to send to the Editor in advance for his perusal. The Editor was not accompanied by a lawyer, so the risk of being scammed was high.

On arrival, Mr Wanta looked somewhat awkward and nervous, but typically arrogant, and basically motioned the Editor to sit down and to ‘sign here’ without any further ado. The Editor looked at the documents and felt most uncomfortable, and for some minutes debated in his mind whether to get up and walk out. Then he thought that if Wanta and Goodwin were indeed engaged in a scam, the Editor had the means and resolve to expose their duplicity. On this occasion, too, there was no waiting taxi, as Wanta had stated that he would drive the Editor back to the hotel.

Faced with this situation, the Editor signed the Escrow Agreement which according to Wanta would be countersigned by Goodwin after receipt of the Editor’s funds – the Editor remaining motivated by the necessity of having to continue the research from ‘within the tent’, or at least a small corner of it, and by a belief that if this was indeed a typical Wanta scam, the truth of the matter could then be used later to appropriate effect. Which we are doing now.

WANTA-GOODWIN FRAUD IN THE INDUCEMENT AGAINST THE EDITOR UNDER DURESS
And as it turns out [see below], the loan documents were fraudulent, involving FRAUD IN THE INDUCEMENT of the Editor by Wanta and Goodwin UNDER DURESS.

The documents were/are as follows:

PROMISSORY NOTE
US DOLLARS 35,000.00
JUNE 19TH, 2005

FOR VALUE RECEIVED, the undersigned, promises to pay to the order of Christopher Story, the sum of THIRTY FIVE THOUSAND AND 00/100 US Dollars with interest at the rate of seven percent (7%) per annum thereon, the principal being payable, without offset, at [address] World Reports Limited, 108 Horseferry Road, Westminster, London SW1P 2EF, United Kingdom, or at such other place as the holder may designate in writing with payments to begin 365 days from date of this Note and due in full 730 days thereafter.

The payment of the principal balance of this Note may be prepaid in whole or in part, at any time or from time to time, without penalty.

This Note may be accelerated upon the death of any maker or at the option of the holder so that all remaining principal and accrued interest shall be payable upon the later of 30 days after the date of any maker’s or Guarantor’s death or 15 days after the holder provides written notice to the maker at its principal place of business that the holder is exercising his right to accelerate the amounts due hereunder. In the event of default in the payment of any amount due under this Note, the holder may declare the entire unpaid balance, principal and interest, to be immediately due and payable and thereafter may exercise any remedies provided by applicable law.

The holder of this Note shall have the right to enforce any one or more available remedies in whole or in part, successively or concurrently.

The maker of this Note waives presentment, protest, and notice of dishonour; agrees that an extension or extensions of the time of payment of this Note, or any installment or part thereof, may be made before, at or after maturity by agreement with anyone or more of the parties to this Note without notice to and without releasing the liability of the other party under this Note regardless of which parties are notified of the extension or extensions; waives the benefit of all exemptions as to the debt evidence of this Note and any right which it may have to require the holder to proceed against any person; and agrees to pay all the expenses, including reasonable attorney’s fees, in collecting this Note, or any installment or part thereof, which is not paid when due.

[Signed]: Lee E. Wanta.

Address of Notice [added in Wanta’s handwriting]:
C/o Goodwin Sutton & DuVal, Plc.
Old City Hall, Ste No. 350
1001 East Broad Street
Richmond, VA, USA (23219).

Separately the Editor was handed by Wanta the text of an ESCROW AGREEMENT FOR SIGNING BY GOODWIN WHEN THE FUNDS WERE SUPPLIED, as follows:

ESCROW AGREEMENT
RICHMOND, VIRGINIA
Date: 14th July, 2005

TO: Steven D. Goodwin, Trustee for the benefit of Ambassador Leo* E. Wanta [*NOT: Lee E. Wanta]:

The undersigned maker, Christopher Story, does hereby acknowledge that he is placing certain funds in the amount of THIRTY FIVE THOUSAND AND 00/100 DOLLARS ($35,000) into Escrow with Steven D. Goodwin, a discreet and professional attorney-at-law, for the sole and exclusive purpose as stated herein and under the following terms:

1. Said funds shall be used to pay the amount of $30,551.97 to satisfy the court ordered obligations in Wisconsin Case No. 92CF683.
2. Any and all remaining amounts shall be distributed only as directed by Ambassador Leo E. Wanta, to be used for the benefit of, and at the direction of, Ambassador Wanta.

The parties herein acknowledge that the funds paid to, and held in Escrow by, Steven D. Goodwin, under this Agreement are the same funds referenced in a Note in the amount of THIRTY FIVE THOUSAND AND 00/100 DOLLARS ($35,000) made by Ambassador Leo E. Wanta for the benefit of Christopher Story.

[Signed]: Christopher Story, maker [SEAL]

I, the undersigned Trustee, agree to receive, hold and distribute the funds referenced herein upon the terms and conditions stated above.

[Signed]: Steven D. Goodwin, Trustee [SEAL].

FEATURES OF THE FRAUD IN THE INDUCEMENT SCAM
AGAINST THE EDITOR PERPETRATED BY WANTA AND GOODWIN
These documents represent Fraud in the Inducement because:

(1): The Promissory Note has to reference the Escrow Agreement and vice versa. In neither case does this occur. Specifically:

(2): The Promissory Note does not reference the Escrow Agreement.

(3): The Escrow Agreement does NOT reference the Promissory Note. It references ‘a Note’, which could be ANY NOTE. The reference has to be specific, which is not the case.

(4): The Promissory note dated 9th June 2005 is signed by Lee E. Wanta.

(5): The Escrow Agreement references an ‘Ambassador Leo E. Wanta’ making no reference to ‘Lee E. Wanta’. This operative uses two names for obfuscation purposes [DUPLICATION, DIALECTICAL METHODOLOGY: see our repeated reminders that this is the standard modus operandi].

(6): This divergence of names for Wanta widens the fraudulent separation of the Promissory Note from the Escrow Agreement.

(7): Mr Wanta is NOT an Ambassador. To be styled Ambassador, it is necessary to be supported by official credentials issued by the US State Department and renewed by each successive American Administration, confirming that the United States (in this case) recognises that the said individual concerned is an accredited Ambassador. In the case of Mr Wanta’s supposed Ambassadorship for Somalia to Switzerland and Canada, the same criteria apply. Each successive Government of the countries concerned must provide the necessary consent and official acknowledgement of such a person’s status and acceptance as Ambassador. Wanta cannot show such credentials, because this felon’s claims to be an Ambassador are fraudulent and part of his disintegrating cover.

In the United States, there is a convention that a former Ambassador can continue to be adderssed as Ambassador. However Mr Wanta styles himself ‘Ambassador Extraordinary and Plenipotentiary’, Lee Emil Wanta, The Principality of Snake Hill, representing fraudulently that he is the Ambassdaor for the non-existent, cirtual and farudulent ‘Principality’, which is FRAUD.

And as indicated above, when Mr Henry was asked to provide the necessary credentials in respect of Wanta’s spurious (fake) Principality of Snake Hill Ambassadorship to the United States, he was of course unable to comply and was himself therefore exposed as an egregious liar and a fraudster for that reason, and because he stated that he was acting for Leo/Lee Wanta and representatives from ‘The Principality of Snake Hill’, which does not exist.

Mr Steven D. Goodwin likewise fraudulently referenced a spurious ‘Ambassador Leo E. Wanta’ in the Escrow Agreement, thereby exposing himself as a liar and a perpetrator of fraud, as well.

(8): Steven D Goodwin is therefore NOT ‘a discreet and professional attorney-at-law’ but rather a fellow-fraudster with Mr Leo E. Wanta, a.k.a. Lee E. Wanta. Both engaged in gross FRAUD IN THE INDUCEMENT under duress of this Editor, who was not accompanied by a lawyer. Goodwin should be disciplined, debarred and appropriately dealt with both by his profession and by the authorities.

(9): As for Wanta, this case provides further irrefutable PROOF that Wanta is a serial, unrepentant, continuing felon. His felonious status has NOT been altered and he is NOT therefore in a position to own a bank account.

(10): Any funds remitted to Leo E. Wanta or Lee E. Wanta, who handles stolen funds and has STOLEN this Editor’s loan funds plus interest through this inducement fraud, will be at risk. Any party engaged in effecting such a remittance to Wanta, however styled, knowing this background, may place themselves in a situation demanding investigation involving the conveyance of funds into or via the hands of a criminal operative.

WANTA NOW IDENTIFED AS ‘GREAT DARK LORDS’ TERRORIST
As we have had to report herefrom time to time, we have been plagued since February 2008 with extremely unpleasant, often obscene, hateful voicemail messages from a loony-toon calling himself a representative of the ‘Great Dark Lords’. This nutter spiels well-worn demonic claptrap, exposed in part in the Editor’s book The New Underworld Order, mingled with overt homosexual allusions and obscene New Age rants augmented by propaganda to the general effect that the ‘Dark Forces’ are taking over the world, there is nothing you can do about it and ‘you should drop your stupid Christianity’. In other words, the message is the Leninist revolutionary one that the Dark Forces’ success is ‘inevitable’ (the reverse of which is of course the case, as everything they do fails).

In recent months this harassment became so excessive that we took the decision to close down our landlines in the United States, and partially in London as well. We discovered that the calls were being made via our 1-800 number which has effectively been stolen, so WE are being illegally charged to put up with these open-ended obscenities and abuse.

Originally we thought that a corrupt US Psy-Ops cadre was seeking to harass and destabilise the Editor of these services (mindlessly proving, of course, our effectiveness). However since the false voice has never changed, having been consistent throughout for more than two years, it has become apparent that just ONE individual is responsible for this criminal activity.

We have concluded that this individual is the discredited felon Wanta for the following reasons:

• We have recently learned that he has a voice alteration unit which scrambles and alters voice messages, a technique used by criminal intelligence operatives. We didn’t know this until very recently. Had we known this earlier, the present conclusions would have been reached earlier.

• As indicated, the voice is always the same fake altered voice, so there is only one ‘loony-toon’ doing this: Wanta, masquerading as a demonic, homosexual loony-toon.

• This harassment started when severance with Wanta was in process in the first quarter of 2008. It has continued ever since, without a break until we severed the landlines..

• The harassment was especially intense during the Editor’s weeks in New York in March. Wanta is in a position to ascertain the Editor’s movements.

• Wanta, stuck in Chippewa Falls, has time on his hands and has nothing to do other than to dream up fantasies such as the ‘Snake Hill’ deception – via decaying websites very appropriately using the image of the serpent as the motif for that deception operation.

• Wanta ‘works for’ George Bush Sr., facilitating his financial thefts and scams; and Bush Sr. and members of his family are steeped in the Bavarian occult, taking pleasure in rejoicing in evil.

• As exposed in our report dated 20th September 2009, Wanta’s religiosity, like his patriotism, is fake. Not only does he protest too much, but his absurd play-acting when he arrived an hour and a half late for a meeting with the Editor in 2005 and proffered as his excuse that he had been ‘doing his devotions’, i.e. praying to the Virgin Mary, which he tried to emphasise by showing the Editor a tattered piece of paper containing some religious text – confirmed that he is a religious fraud just as he is a fraud in all other respects as well, including his ‘wrapping himself in the flag’ cover.

• Analysis of the structure of phrases and sentences employed by the harassment terrorist in his obscene and demented voicemails reveals close parallels with Mr Wanta’s way of speaking. It is all ‘Black’ play-acting, of course.

• The harassment could only be sustained by a party who was unable to exert any control over the target (the Editor), who lacked the means to procure others to achieve that objective, and who was therefore consequently nervous and in a permanent state of uncontrolled anger, not knowing what to do next. So he had the ongoing motive to resort to, and to persist with, this dirty and extremely crude Psy-Ops activity, which he could easily undertake as he has access to the necessary voice modification equipment in Chippewa Falls, and all the time in the world at his disposal.

• In addition to the obscene and evil phone calls and voicemail messages, this terrorist resorts also to unpleasant, often likewise obscene, emails. No email address source is ever given, and the false provenance of these emails is varied with every such communication. This crass flexibility is characteristic of an intel-linked operation.

• On 6th March 2008, Wanta telephoned the Editor and, using his ‘FBI persona’, started reciting, in a bombastic tone of voice, various US Statutes to which the Editor, who is not a US citizen and not subject to US jurisdiction externally, must comply. The Editor told him to cease and desist and to stop making an idiot of himself, whereupon Wanta screamed:

‘YOU HAVE DESTROYED EVERYTHING’.

• Accordingly, the Editor learned with satisfaction that our exposures had, indeed, completely detabilised operations with which Mr Wanta was associated. Wanta was the courier between Bush Sr. and Gorbachëv, who are partners in Deutsche AG (Barrington Investment Group), located at St Gallen, Switzerland, along with Dr Helmut Kohl (an equally nasty piece of work: see our exposure details on Kohl in the preceding report).

By ‘EVERYTHING’, Wanta meant that the entire Deutsche Verteidigungs Dienst (DVD) subversion and ‘take-down’ operation run through the Bush Crime Syndicate had now been destabilised as a consequence of these exposures. When embarking upon the course described above in 2005, the Editor experienced a powerful sense that the course he was about to follow would indeed lead to the progressive unravelling of the foreign-derived subversion-by-corruption offensive against the United States: and that is indeed what has happened.

THE FAILING ‘COUP D’ETAT BY INSTALLMENTS’
Wanta has been stuck up in the Wisconsin boonies for the convenience of the Bush Sr.-DVD Fifth Column that has tried to destabilise and destroy the American Republic – an offensive from within, and a clandestine ‘coup d’état by installments’ perpetrated on a scale with no historical precedent. He has remained at their beck and call, trying to ingratiate himself with the serpents in question, because they need his signature to enable them to divert and steal the funds over which Wanta’s signature may ostensibly relate.

When it came to stealing Michael C. Cottrell’s contract, the Bush-Ackermann-DVD cadres simply, as we have reported, forged Mr Cottrell’s signature electronically. As so many examples of Wanta’s signature exist, his continued survival cannot be related exclusively to the fact that ‘they need his signature’. However, as the DVD offensive against the United States and Britain is progressively neutralised, and further destabilised, which is what has been triggered, and is happening, Wanta’s usefulness as a supplicating snake serving the nest of vipers will have passed its sell-by date.

THE NSA/CIA/USAF HANDLER OF WANTA’S PROMOTER
Finally, as these exposures have unfolded, this Editor has been viciously attacked from time to time by a notorious controlled US fabricator and peddler of lies on behalf of Wanta, styling himself as an ‘intelligence expert’, named Thomas Heneghan. We have reported separately that Heneghan was authorised, by Wanta, according to documents we hold, to open one or more bank accounts for Marvelous Investments, a vehicle reportedly used inter alia for the financing of Al-Qaeda.

The veteran criminal politics and finance observer Tim White (4) has informed this service that Thomas Heneghan’s disinformation handler is NSA/CIA/USAF Lieutenant General Otis C. Johnson. Concerning this proven criminalist operative (Johnson), The SEC News Digest dated 21st May 1986 reported [page 1] as follows:

Complaint Filed against Otis C. Johnson: The Los Angeles Regional Office [of the SEC] filed a complaint on May 6 in the US District Court for the District of Colorado against Otis C. Johnson seeking a permanent injunction and other equitable relief for violations of the antifraud provisions of the Securities Exchange Act of 1934. The complaint in question alleges that Johnson defrauded N.D. Resources, Inc. (NDR) and its public shareholders. Specifically, the complaint alleges that Johnson provided NDR with a false geological report concerning certain mining claims and, after NDR had entered into a joint venture with an accomplice of Johnson in order to develop the claims, conspired to provide positive drilling reports to NDR when, in fact, no drilling had been done. The complaint further alleges that Johnson sold approximately 240,353 shares of NDR common stock while the stock price was inflated as a result of press releases issued by NDR concerning the drilling reports. [SEC v. Otis C. Johnson, DCO, Civil Action NO 86-945 (LR-11105)].

The SEC News Digest dated 10TH July 1989 reported [page 1] as follows:

Otis C. Johnson enjoined: The Los Angeles Regional Office announced that on June 22 Judge Lewis T. Babcock, US District Court for the District of Colorado, signed an Order of Permanent Injunction and Other Equitable Relief against Otis C. Johnson. The Order enjoins Johnson from future violations of the antifraud provisions of the Securities Exchange Act of 1934. The Order directs Otis C. Johnson to disgorge his profits from sales of N.D. Resources, Inc. (NDR), which disgorgement is waived based upon the truth, accuracy and completeness of Johnson’s sworn representations concerning his present inability to pay disgorgement. Johnson consented to the Order without admitting or denying the allegations of wrongdoing in the Complaint.

The Complaint alleges that Johnson defrauded NDR and its public shareholders by, among other things, providing NDR with a false geological report concerning certain mining claims and further conspiring to provide positive drilling reports to the company when, in fact, no drilling had been done, and by selling approximately 240,353 shares of the company’s stock while the stock price was inflated as a result of press releases concerning the drilling reports. [SEC v. Otis C. Johnson, DCO, Civil Action No. 87-B-1693 (LR-12149)].

The SEC News Digest dated 24th August 1992 reported [page 4] as follows:

Otis Johnson III Pleads Guilty: The Commission and Michael J. Norton, US Attorney for the District of Colorado, announced that on July 20, 1992, Otis C. Johnson III (Johnson) of Denver, Colorado, pleaded guilty to two criminal informations. The first such information, filed May 20, 1992, charged violation of 18 U.S.C. § 371, conspiracy to commit mail fraud and securities fraud in the purchase and sale of the securities of Corporate Quest, Inc. (Corporate Quest). The second information, filed July 20, 1992, charged violation of 18 U.S.C. § 371, conspiracy to commit mail fraud, wire fraud, and interstate transportation of stolen property, in the purchase and sale of the securities of United Financial Operations (United Financial).

Johnson admitted in his plea agreement that in 1987 and 1988 [that] he participated in schemes to manipulate and conduct fraudulent transactions in the securities of United Financial and Corporate Quest. Johnson also admitted that he and co-conspirators conducted prearranged trades through controlled and nominee accounts and paid for the trades in Corporate Quest’s securities with worthless checks totaling approximately $313,000. As a result of the co-conspirators’ activities, four brokerage firms lost approximately $262,000.

Johnson is scheduled to be sentenced on September 21, 1992 at 9:00 a.m. [U.S. v. Otis C. Johnson III, Criminal Action No. 92-CR-181, U.S.D.C. Colo. (LR-13345)].

• NSA/CIA/USAF Lieutenant General Otis C. Johnson III did NOT do jail time.

• The penalty for wire fraud in the United States is TWENTY YEARS PER COUNT.

Notes and References:
(1): ‘Thirty Days: Hitler’s Thirty Days to Power: January 1933’, Henry Ashby Turner, Jr., Addison-Wesley Publishing Company, New York etc., 1996, ISBN 0-201-40714-0, page 164.

(2): ‘Coup d’état by installments’, precisely accurate characterization of pan-German power-grabbing methodology. Konrad Heiden, Der Fuehrer, Boston, MA, 1944, page 597.

(3): ‘Thieves’ World: The Threat of the New Global Network of Organized Crime’, Claire Sterling, Simon and Schuster, new York, ISBN 0-671-74997-8, 1994.

(4): Original SEC documents researched and supplied pro bono publico by Tim White.

• Note: The discredited controlled disinformation operative Heneghan has reponded to the foregoing exposure with further lies, publishing a deliberately distorted picture of this Editor and stating, sensibly, that he won’t be responding to what we have published. Very sensible of him.

Subsequent Add-Ons and Updates:

PENNSYLVANIA FRAUD THAT WE EXPOSED BLEW UP IN THEIR FACES
We now understand that as a direct result of our exposure of the Pennsylvania Department of State’s connivance in the deliberate, fraudulent insertion of the Mafioso Salvatore R. DeFrancesco as ‘Secretary’ by the PA Department of State Corporation Bureau on 8th March 2010, and following forceful intervention by Michael C. Cottrell, B.A., M.S. with the complacent, arrogant Pennsylvania Department of State authorities resulting in the removal of the Mafioso’s name from Pennsylvania Investments Inc.’s corporate screen by 2.10pm on 10th March, [see ‘The Aborted Pennsylvania Fraud of 8 March 2010’, report of 19th March: Archive], that officially sponsored attempt to divert payout funds due to Mr Cottrell’s firm and to steal the $6.2 trillion loan money, collapsed.

• Instead, the reverberations of this criminal outrage presided over by the official kleptocracy spread all the way up the food chain, blowing up in the faces of Vice President Joseph Biden and his predecessor, Richard B. Cheney.

That operation represented a brazen attempt by the organised crime elements both outside and within the craven US Administration to divert the funds, just as the continued slitherings of the Wanta ‘snake’ betray an intent somehow to reactivate that discredited conduit. We now know that Wanta’s AmeriTrust Groupe, Inc. operation actually represented a scheme to procure the transfer of funds into the hands of the Bush Crime Syndicate, whom Mr Wanta serves, as explained in the aforementioned forensic report. Recently, one or more checks drawn on AmeriTrust Groupe, Inc., have surfaced, and a recipient of such a check recently was told to go straight to the police.

We further understand that our exposure in the current report of Wanta’s Fraud in the Inducement under duress of this Editor to steal his $35,000 loan money, facilitated by the complicit CIA lawyer Steven Goodwin, has also severely curtailed the potential for any ‘Wanta route’ to be activated. All holes that these serpents thought they could slither through, are blocked.

• However the Pennsylvania Department of State Corporation Bureau, having banked Mr Cottrell’s required $70 filing fee accompanied by the proper PA official form requiring the individual display of his corporate offices, so as to preclude any further demented attempt to steal funds by this route, continues its intransigent and complicit failure to make the necessary formal amendments to his corporation’s corporate screen with the PA Department of State Corporation Bureau.

Such intransigence simply tightens the noose round the necks of every snake involved in this attempted scam, from Vice President Biden and Edward G. Rendell, Governor of Pennsylvania, all the way down to the named officials within the PA structures who presided over and facilitated this intended giga-theft. Instead of putting the matter right, which would take five minutes, the arrogant apparatchiks concerned prefer to leave the needed correction unattended to, no doubt hoping we would ‘go away’. This is a reminder that we haven’t gone away and that this website is capable of shaking the ground beneath the soles of the feet of the Vice President of the United States and the Governor of Pennsylvania any time they like.

BRITISH ELECTION: EXIT GORDON BROWN VIA BIGOTGATE
The expedition of the Prime Ministerial caravan to Rochdale on 27th April so that Gordon Brown could be televised for electoral purposes meeting some ‘real people’ (as opposed to the surreal people in Westminster and Downing Street) concluded predictably in disaster for the beleaguered Prime Minister, who may have forgotten that those people ‘oop nerth’ are blunt, speak their mind, and are not to be messed with. Once he’d climbed back into the assumed safety of his limo, Brown forgot the standard dirty trick, often used by intelligence services (especially in the United States), of ensuring that a lapel microphone stays live after a televised encounter.

Gordon Brown’s characterisation of the Rochdale lady as ‘a sort of bigoted woman’ resulted in the airwaves at home and abroad being jammed with the resulting tape, while relieving tired and jaded journalists of having to talk about the boring minutiae of British politics for a while.

As one pundit put it, he wouldn’t have liked to be the upholstery in the limo when Brown found out about his blunder. However Andrew Rawnsley, author of a book called ‘The End of the Party’ which contains graphic details of Brown’s tantrums (cups and mobile phones being chucked across the room, aides being grabbed by the lapel, etc. etc.), has pointed out that the catastrophe could have been much worse. When Brown gets angry, i.e. for much of the time, most of his vocabulary turns navy blue. One is reminded of the fact that the efficiently organised ancient Jerusalem had a Dung Gate. Gordon will be exiting the New Jerusalem which never materialised under his failed tenure, let alone that of his duplicitous predecessor, via Bigotgate.

• Gordon Brown’s behaviour while holding the highest office reconfirms that life at the highest level is hell on earth. Perceptive north American correspondents have pointed out to us that they have caught occasional glimpses of FEAR in the faces of both Barack Obama and Canadian Prime Minister Harper. This reflects the reality that these people are controlled, live in an environment of implied threats and fear, and have discovered that having lusted for so long for what they thought was supreme power, the chalice they have been handed isn’t just poisoned: it reeks as well.

• Finally, note that the Number of the draft Dodd Senate Bill evaluated below, viz: 3217, devolves, surprise, surprise and yet again surprise, to the ‘Black’ esoteric, geomasonic numerology number THIRTEEN: 3 + 2 + 1 +7 = 13. Now WHY would that be the case?

MEANWHILE… THE ESSENCE OF THE CRISIS
The central issue facing the whole world is as follows. ALL these securitisation transactions and derivatives marketing operations are FRAUDULENT, and they are ALL illegal both in the US and in the Common Law jurisdictions. So what ALL PARTICIPANTS, whether institutional, hedge funds or investors, fear is that THE WHOLE LOT, BEING FRAUDULENT AND ILLEGAL, COULD UNRAVEL.

Accordingly, the crisis revolves around this huge elephant: how to avoid such an outcome while cleaning up the mess at the same time. The US Treasury’s approach is to continue the carousel below the radar, i.e. covered by Treasury confidentiality, a course which WILL indeed lead to a Weimar-style hyperinflationary collapse.

There is only ONE sound solution, as has been the case all along: the Dollar Refunding operation, ORIGINATED in the private sector, and in London where the US authorities cannot easily sabotage the transactions, which will deliver massive ON-BALANCE SHEET TAX ACCRUALS onto the books of the US Treasury, whether it likes it or not.

The Dollar Refunding operation based on the sovereign loan funds, being ORIGINATED in the private sector, is NOT matched by corresponding debt on the other side of the balance sheet.

By contrast, the US Treasury’s intent is to try to handle the refunding itself, which WOULD create massive offsetting official debt on the other side of the balance sheet. If on-balance sheet tax of, say, 35%, is paid, that leaves 65% of each transaction being added to the official debt, which is CRAZY, and WILL lead to a Weimar-style hyperinflationary currency degradation and collapse.

UPDATE, 29TH APRIL 2010:
FINANCIAL STRESS IN EUROPE: SO BUSH CRIME FAMILY, SOROS AND CARLYLE DEMAND $1.3 TRILLION CORRUPT PAYMENT AS THEIR PRICE FOR CEASING TO IMPEDE THE SETTLEMENTS
As interest rates on two-year Greek bonds soared to 38% on 28th April 2010 at one point, continued intransigence over the Settlements [see this report] was now being more specifically linked to the outrageous and corrupt demand of the still hyperactive Bush Crime Syndicate, George Soros and the Carlyle Group [see below] for a total corrupt pay-off of $1.3 trillion (an aggregate previously trailered by this service as being targeted for stealing, as we then thought, by the criminal CIA: and it may well be the intention for the criminal enterprise CIA to be the channel directing these funds into the hands of the corrupt parties involved).

Quite apart from the disgusting arrogance of these brazen parties in assuming that they, like the US criminal enterprise banks, can blackmail the forces of financial restitution with such a demand, what sticks even more violently in the Editor’s gullet is the flaccid, corrupt, anarchic failure of US law enforcement, Gold Badges et al., to refuse point blank to accommodate such demands, and to
have these financial criminals arrested.

• And for such a gross theft even to be mentioned as a possibility at a time when European countries are going to the wall as a direct consequence of having stupidly accumulated trash, worthless ‘derivatives’ casino ‘assets’ as counterparties to the US official kleptocrats, gives a whole new meaning to the phrase ‘political obscenity’.

Although there is every prospect that, over time, world class criminals like George H. W. Bush Sr., George Bush Jr., Tony Blair et al. will receive their due rewards here on earth rather than just in the underworld to come (with the timebomb of George Bush Sr.’s complicity in the assassination of President Kennedy gathering more and more explosive momentum), the continued failure of US law enforcement to block all further intransigence by these serpents and to have them arrested, like Dr Greenspan and the late Lord George, undermines all residual confidence in relevant US law enforcement personnel. These people have consistently failed to do their job properly. The other day we found out that Greenspan, who has long been indicted by a Grand Jury, was continuing to behave as though he could do and say as he liked, and was not subject to the Rule of Law.

• The Editor is repeatedly told that the relevant law enforcement ‘have to obey orders’, begging the issue that if an order involves illegality, then it is by definition illegal and must be disobeyed.

In case this point isn’t clear, under the Misprision of Felony Statute, it is INCUMBENT upon anyone with knowledge of wrongdoing to take the appropriate steps in accordance with the statute [see text repeated with almost every one of these reports]. That includes operatives AT EVERY LEVEL who have information about wrongdoing that they haven’t reported to the appropriate authorities. It also includes WIVES and FORMER WIVES of such operatives.

When we heard, yet again, that $1.3 trillion of the Settlement funds was to be diverted to the Bush Crime Syndicate, Soros, Carlyle et al., we wondered; WHAT ARE WE SUPPOSED TO DO WITH THIS INFORMATION? Bury it in order to ‘facilitate’ the Settlements? You must be joking. According to our current sense, it has been realised belatedly in certain quarters that the intended stealing of these funds at a time when Greece, Spain, Portugal and probably Britain and Ireland are going down the tubes, might just set off reverberations so lethal that yielding to the gross blackmail demands of the kleptocracy may be too risky, after all.

Certainly, if we do discover that $1.3 trillion has been diverted, as has been confirmed to us is the intention [see below], we shall see to it that this abomination is rammed down the throats of all concerned so that nobody involved in this crime will ever be able to forget how angry the British and American public can become when aroused.

The obscenity of EVEN CONTEMPLATING SUCH A CRIME at a time when the credit ratings of both Spain and Portugal have been downgraded (on 28th April 2010), following Standard and Poor’s consignment of Greek bonds to junk status, is more than your correspondent can take.

• All we can say at this stage is: JUST YOU TRY.

Other than that, the Settlements ‘news’ is not universally negative.

UPDATE: 28TH APRIL 2010: POST-IMF SPRING MEETINGS MELTDOWN
When it became clear that nothing substantive emerged from the IMF/World Bank Spring Meetings with regard to Greece, Standard and Poor’s slashed Greece’s credit rating to BB+, junk status, the first time this has occurred since the ill-advised EU Collective Currency arrangements, which we repeatedly warned against in successive articles in International Currency Review (1992-99), was established in order to fulfil the pan-German hegemony/control objective codified in the 1942 Nazi compendium Europaische Wirtschaftsgemeinschaft (European Economic Community), the Chapter headings of which were replicated almost verbatim in the 1992 Maastricht Treaty.

The immediate consequence was to drive yields on Greek bonds up beyond 14%, compared with 9.73% on Monday in Europe, amid a cascading collapse of confidence which could tear Economic and Monetary Union (EMU) apart, destroy the Euro, and bring about a collapse in France and Germany, both of which hold vast stores of completely worthless derivatives ‘assets’.

Meanwhile the collapse of confidence and the disintegration of the bond markets fed on itself, affecting every relevant financial market worldwide, as the real pernicious consequences of the open-ended Fraudulent Finance espoused by the United States and driven by the Bush Crime Syndicate, finally hit home. The fact that we have been talking about this since our report dated 2nd September 2005 means that all concerned have had ample time to put matters right: but, as usual, everything has been left too late. And now it’s almost certainly FAR TOO LATE.

At 12:00 hrs UK time on 28th April we learned that lawyers for Bush Sr. and Bush Jr. are in the Far East trying to tie the hands of the Chinese, but that Chinese officials, having absorbed the present report perhaps, are on the verge of putting the boot into the venally corrupt American authorities, by selling Treasuries for starters.

As for the display of ‘Blankfeinism’* presented for televised public consumption inter alia by Lloyd Blankfein, the Goldman Sachs CEO, before Mr Levin’s Congressional Committee, Mr Blankfein’s attempt to appear like a simpleton did not wash with his fellow Jew, a man of considerable integrity who doesn’t like being messed with and having his intelligence insulted.

Since the SEC filed its complaint [see Archive: 18th April 2010], the bell tolls for Goldman Sachs, which thinks it controls the UK financial system inter alia via its grip on Lloyds of London, and through that conduit, on the British Monarchical Power.

But Goldman has been FOUND OUT marketing dud assets, viz: derivative products based upon nothing other than a reference to an asset that does not underpin the derivative at all, which is OUTRIGHT RACKETEERING AND FRAUD, especially in the United States where ALL securitisation is illegal, as is also the case in other Common Law jurisdications [see our reports: ‘Securitisation is 100% illegal under US legislation’: Archive, 10 March 2010; and ‘Definitive illegality of securitisation is reconfirmed’: Archive, 18 April 2010].

THE DOLLAR REFUNDING MUST ORIGINATE IN THE PRIVATE SECTOR
In order for the world to stand any chance of avoiding an irretrievable meltdown which will lead to the worst possible outcomes (outlined below):

• The transparent, on-the-books, fully taxable Dollar Refunding Programme agreed upon four years ago by the Group of Seven (G-7) financial powers using the large sovereign loan funds provided pro bono humanitas by the British Monarchical Power must proceed because the Refunding must be ORIGINATED in the private sector. (No official DEBT on the other side of the balance sheet).

• The structure for accomplishing this has been ready in London since 29th May 2009 and can proceed without any input from the US authorities who are terrified of ‘losing control’ and have been manoeuvring to ORIGINATE the Refunding from within the US Treasury.

• That would be catastrophic, because it presupposes that further open-ended and unnecessary DEBT is accumulated on the other side of the balance sheet, to offset the ‘assets’ made available by the Treasury for the false refunding purpose.

• By contrast, the private sector Dollar Refunding using the sovereign loan funds GENERATES NO DEBT WHATSOEVER but DELIVERS WINDFALL TAX ACCRUALS. As the Refunding will take place in London, the taxes payable to the British and American Governments will be delivered to the UK Treasury, with the US taxes payable by the British Treasury then forwarded on to the US Treasury, whether it likes it or not, as provided for under the Bretton Woods arrangements.

This is the simple, straightforward, transparent, honest, on-the-books, long since AGREED-UPON solution which the Bush Crime Syndicate and its compromised adherents within the US structures, have been resisting, in order to RETAIN CONTROL in the full knowledge that the route they have chosen will lead to hyperinflationary disaster as described in the report below.

Finally, we understand that (possibly, again, following publication of this report), US legislators are ALREADY having second thoughts about the folly of proceeding with the Dodd Senate Bill (with the Democrats facing wipe-out at the forthcoming mid-term elections), while we are also advised that Dr Ben Bernanke, the Chairman of the Federal Reserve, has suddenly twigged at last that if he’s not careful, he may preside over the American Weimar Republic. Apparently he has realised that a colossal inflation is in the works anyway, and is starting to come to his senses. But don’t bank on it.

• ‘Blankfeinism’: Play-acting by a perpetrator of financial crimes involving hand-wringing, diversion, obfuscation and invoking spurious arguments in refutation of the perpetrator’s egregious ongoing breaches of the Rule of Law which are crystal clear to everyone except the likes of Lloyd Blankfein.

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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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WORLD REVOLUTION AGENTUR AT EACH OTHER’S THROATS

chrisstory

THEY SHAMELESSLY SCREAM VENEMOUS HATRED IN FRONT OF THE TV CAMERAS

Thursday 22 April 2010 03:00

• UPDATE RE: ‘ALL UK LEGISLATION PASSED SINCE 2000 IS NULL AND VOID’:
You may be interested to know that even without having this (UK) report up front on the website, the links count for it at 15:38 hrs on 24th April 2010 had leapt to 8,550, and at 17:00 to 8,990 links. Compare these data with the links summaries to be found at the foot of the report [see: Archive].

• At 12:00 hrs on 25th April, the total number of links to that report had reached 9,600.

• At 07:51 hrs on 26th April, the total number of links to that report had reached 10,500.

• BEHIND THE SHUT-DOWN OF BRITISH AND EUROPEAN AIRSPACE

• THE KGB OFFICER WHO CLOSED DOWN OUR AIRSPACE

• PRECISE ‘COINCIDENTAL TIMING’ OF A NATO AIR FORCE EXERCISE HOSTED BY GERMANY

• CORRUPT KGB BACKGROUND OF THE EUROPEAN TRANSPORT COMMISSIONER

• HISTORICAL DATA ON ICELANDIC VOLCANIC ERUPTIONS

• CENTRAL BANK OF HAITI ‘REPLACES’ CENTRAL BANK OF IRAQ
FOR WHITE HOUSE FINANCIAL SCAMMING PURPOSES

• AIRSPACE SHUTDOWN: A DIRECT WARNING TO THE UNITED STATES RE THE SETTLEMENTS

• SUCCESSFUL ‘TEST’ BY COVERT SOVIETS AND
THEIR COVERT ‘BLACK’ GERMAN INTELLIGENCE PARTNERS

• IRAN PROVIDES CONTROLLED ‘PRETEXT’ FOR NATO OVERTURES TOWARDS RUSSIA

•THE BRITISH GENERAL ELECTION: TWEEDLEDUM
AND TWEEDLDUMBER: PLUS THE FOREIGN OFFICE ATHEIST

• THE INCOMING GOVERNMENT’S LEGISLATION MAY BE
NULL AND VOID, LIKE ALL UNITED KINGDOM LAWS SINCE 2000

• THE FIVE-POINTED STAR CLUE TO THE FACT THAT
THE BRITISH ELECTION IS A STAGED THEATRICAL DISPLAY

• OBSERVATIONS IN THE BRITISH ‘MAINSTREAM’ PRESS ON 22ND APRIL 2010

• BRITISH NATIONAL PARTY CONFIRMED AS A GERMAN ‘BLACK OPERATION’

• THE BRUTAL COVERT SOVIET CONTAINMENT OF POLAND

• FRAU ANGELA MERKEL GOES EVERYWHERE IN EUROPE EXCEPT TO POLAND

• THE THREE INTELLIGENCE RACKETEERS BEHIND THE CRISIS

• THE SORDID BACKGROUND OF DR HELMUT KOHL

• CANADIAN PRIME MINSTER HARPER REPORTED TO BE ‘SPACED OUT’

• NEIL BUSH IN CHARGE OF BUSH SR.’S ASSETS?

• NEIL BUSH AND THE SAVINGS AND LOAN PILLAGING OPERATION

• NOTHING’S CHANGED, OF COURSE: LOOK AT NANCY PELOSI

• NOW THEY’VE STARTED SCREAMING AT EACH OTHER IN PUBLIC

• SACKED SARKOZY ‘SPIN DOCTOR’ CONFIRMS THAT ‘IT’S ALL ABOUT THE MONEY’

• SO WHAT WAS SARKOZY’S ‘FORMER’ SPIN DOCTOR SAYING, EXACTLY?

• DIARY OF RECENT UNSPEAKABLE BEHIND-THE-SCENES EVENTS

• THEY ARE AVOIDING THE ELEPHANT IN THE ROOM

• GREECE AND PORTUGAL POISED TO DESTROY THE EURO

• WE WARNED THIS WOULD HAPPEN IN THE RUN-UP TO 1999: IT’S ON THE RECORD

• THE IMF’S DOUBLE-TAXATION PROPOSAL FOR BANKS

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.

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NEW REPORT STARTS HERE:

INTRODUCTION
In recent days, your correspondent has suffered moments of wondering whether it wouldn’t be more profitable for him to shuffle off this mortal coil in exchange, should he be so elected, for a perch in Abraham’s Bosom, where neither moth nor rust doth corrupt and where serpents don’t slither, either. The thought of having to record the slitherings of these iniquitous serpents one moment longer suddenly struck him as beyond obnoxious.

However, as the former Thatcher era Cabinet Minister, Michael Heseltine, pronounced as he stalked out of the Cabinet and Downing Street into a posse of reporters and TV cameras, ‘a man’s gotta do what a man’s gotta do’. So we shall slog on, exposing these rats until you can hear them squealing, like Goldman Sachs, for the rest of eternity.

So many slitherings have taken place since we last reported, that you have a rich menu of snakeish behaviour to choose from here. We’ve arranged the manifestations in no particular order, so you can start wherever you like. But if you read the text as presented, you’ll find that it all ‘connects’.

BEHIND THE SHUT-DOWN OF BRITISH AND EUROPEAN AIRSPACE
On 18th April, various Labour Cabinet Ministers emerged from Number 10 Downing Street, having rarely been seen before, to utter empty platitudes for the benefit of the BBC et al. concerning the small matter of the comprehensive no-fly zone that suddenly descended upon the British Isles and northern Europe due to an erupting unpronounceable volcano in Iceland.

Their sudden ‘workmanlike’ appearance admittedly made a change to the wall-to-wall emissions of hot air emitted by the political party leaders as they competed among each other for screen space and to pontificate with contrived emphasis on every single subject under the sun except those that matter: Britain’s corrosive and wasteful membership of the corrupt European Union Collective; the catastrophic financial shambles that this Labour Government, like all its predecessors, has inflicted on the country; and the scandalous ongoing commitment of British military forces to the agentur’s internationalist agendas which have nothing whatsoever to do with the United Kingdom’s national interests (which long since have been collectivised) but everything to do, at present, with the perpetuation and consolidation of such grossly demonic activities as the criminalised American Intelligence Power’s drug-trafficking operations in Afghanistan.

Among the Ministers thus suddenly on display was the Rothschild agent and notorious Europhile, Lord Mandelson, who let slip words to the effect that ‘we can’t just do as we like (over the airport shutdowns): there are (European rules) to be abided by’. Ah, so we take our sovereign airspace control orders nowadays from the European Union Collective.

This reality gradually sank into a few brainwashed BBC talking heads when various previously unheard of Belgians, Italians and East European types started appearing at staged ‘European’ press conferences, gesticulating, wagging their fingers, and generally exhibiting traits along with their broken English so alien to the British way of doing things, that it was immediately clear that they were, like our vacuous British political leads, mouthing empty verbiage in order to convey the false impression that they were ‘doing something’ – which is to say, justifying their own extremely expensive existence financed inter alia by the scammed British taxpayer.

THE KGB OFFICER WHO CLOSED DOWN OUR AIRSPACE
Then, all of a sudden, Lord Mandelcreep’s observation about ‘having to adhere to European rules’ slotted into place. For who should appear, complete with short moustache and well-brushed hair, than the KGB (FSB) officer, Siim Kallas, whose latest metamorphosis, after having ‘served’ in the preceding Barroso Commission, is as the new European Transport Commissioner.

Now this Mr Kallas has a colourfully corrupt KGB history, as will be explained below. But as soon as this KGB operative surfaced, full of bonhomie and sweet reasonableness, the true significance of Mandelson’s carelessly purposeful remark for the TV cameras became clear.

Whether the skies over Britain and Europe are open for commercial air traffic is in the gift, you see, of the covert ongoing Soviet KGB, i.e. of Soviet Military Intelligence (Glavnoye Rzvedyvatelnoye Upravleniye, or the GRU).

The process whereby the covert Soviet Union, having been deceptively ‘dismantled’ under the guidance of that supreme Leninist strategist, Mikhail Gorbachëv, who continues as before, working from a suite of offices in the Kremlin, was carefully dissected and explained for all to comprehend in the Editor’s book The European Union Collective [2002]. Gorbachëv always follows V. I. Lenin’s precise dicta, one of the more obscure of which is: ‘Separation precedes federation’.

In other words, what this episode (which completely disrupted this Editor’s schedule of course) has demonstrated is that the British authorities are so spineless, brainwashed, weak and gutless that they are prepared to push many airlines to the brink of actual bankruptcy, to cause prospectively catastrophic disruption to the mails, to inflict near-death blows on innumerable UK categories of businesses, and to risk a sharp escalation of unemployment – all for the sake of not saying boo to the sacred, pungent cow called ‘Europe’.

And what Soviet Military Intelligence has been able to confirm is that it’s not necessary to do much in order to disrupt Western European economies other than to exploit an existing natural disaster (IF that’s what the unpronounceable volcanic eruption is) in order to procure the grounding of all commercial aircraft and the associated economic and financial consequences.

And if commercial air traffic can be grounded in such a fashion, then of course the same may very well apply to military flights as well. For they were indeed grounded, too.

PRECISE ‘COINCIDENTAL TIMING’ OF A NATO AIR FORCE EXERCISE HOSTED BY GERMANY
Which is NOT academic, because this episode ‘just happened’ to coincide with a NATO air force exercise, conveniently hosted by Germany, running in parallel with the crisis – namely, from 12th to the 22nd of April. It’s quite possible that the commercial airline lockdown even formed part of this exercise. Whatever the precise explanation, the coincidences here are highly suspicious. It is not necessary to recall in addition that ELF (Extremely Low Frequency) waves can be used to disturb a volcano, while scalar waves can be deployed to manipulate the weather so that the volcanic ash does not circulate according to normal patterns, to conclude that a secret test to establish with what ‘efficiency’ northern Europe’s airspace can be shut down, has been an unqualified success.

Contributing to that success will have been suitably ‘technical’ regulations developed by the corrupt European Commission specifically in anticipation of such an exercise, which has proved that the entire airspace of northern Europe can be shut down BY REGULATORY FIAT.

CORRUPT KGB BACKGROUND OF THE EUROPEAN TRANSPORT COMMISSIONER
Now let’s look at the background of the European Transport Commissioner, Mr Siim Kallas.

In 1992, this KGB operative had been posted to function as Chairman of the Bank of Estonia, having previously been in charge of that state-owned bank’s administration.

In the spring of 1992, Estonia received back 11.4 tons of gold from the Bank of England. This gold, always Estonia’s property, had been shipped to London on 17th June 1940 for ‘safekeeping’, ahead of the Nazi occupation of the Baltic States. Estonia’s exiled government reached a ‘gentleman’s agreement’ with the British Government of the day, under which the gold stocks would be held for Estonia’s disposal but would only be returned to a free and independent Estonia, the British having never recognised the occupation of Estonia by the Soviets.

Indicative of the fact that the British Foreign Office assumed, in its arrogance, that ‘collapsible Communism’ was for real, rather than the Leninist strategic deception that it really was, the gold was duly handed back after 52 years and was to be used to back the new Estonian kroon.

But in 1993 under Siim Kallas, the Bank of Estonia, using the gold as collateral, secretly arranged the transfer via a third party of $10 million from the Bank to a Swiss institution, under a contract supposedly involving dividends from oil trades (1), (2).

The Bank of Estonia was not the beneficiary of income generated from the $10.0 million ‘seed money’. Nor did the anonymous beneficiaries provide any guarantees for the safe return of the alienated capital to the Bank of Estonia, and neither did they bear any of the attendant liabilities.

Of course the money vanished, along with the Fraudulent Finance income that it had generated.

As KGB and CIA officers do, Kallas ‘moved on’, into ‘politics’ in fact, founding the ‘Reform Party’, which was quickly merged into the government coalition, with Kallas being installed as Minister of Finance (since a demand from the KGB cannot be refused).

In September 1998, Siim Kallas and his adviser Urmas Kaju, went on trial for investing public money without the authority of the Council of the Bank of Estonia.

The pair were further accused of causing material loss to the people of Estonia by attempting to divert interest from the unauthorised investment. In addition, they were accused of theft, while Kallas was accused of corruptly misusing his authority. The journal Central European Review confirmed that Kallas was convicted on these charges, although the convictions were overturned on appeal. One charge of furnishing false information was referred back to lower courts; and on 30th October 2000, the four-year criminal case against Mr Kallas came to a halt when the lower court acquitted this KGB operative on the ‘minor’ outstanding charge.

A former Estonian MP and doctor of law, Mr Ando Leps, who has written extensively about this corruption, claims that Kallas was at the centre of other financial problems at the Bank of Estonia. Throughout the legal process, Kallas’ representative was Indrek Teder, law partner with Märt Rask, Justice Minister in the Estonian Government and Chairman of the Estonian Supreme Court. And by an even happier ‘coincidence’, Rask was also a member of the ‘Reform Party’, of which Kallas was the self-appointed founder and leader (3).

Other details of this scam, involving offshore accounts in Delaware, clearly implying that Kallas and friends became enmeshed in Bush Crime Family-style offshore Fraudulent Finance trading illicit operations, could be related; but enough has been said to confirm that Siim Kallas was hardly an appropriate choice for the post of European Anti-Fraud Commissioner, awarded to him by the little Portuguese EU capo, José Manuel Barroso, President of the corrupt European Commission, when assembling his first ‘Administration’.

When Barroso came to shuffle his unaccountable and generally corrupt placemen for his second Commission (each European Commission has a life-span of six years), he appointed the KGB/FSB officer, Siim Kallas, as European Transport Commissioner. Or to be more precise, it was ‘pointed out’ to Barroso that this would be the post to which Kallas should be ‘appointed’.

HISTORICAL DATA ON ICELANDIC VOLCANIC ERUPTIONS
In June 1783, an Icelandic volcano named Laki erupted, opening a fissure 15 miles long, which spewed out tons of lava, dust and acidic, poisonous gases, for eight months.

Most of Iceland’s sheep and cattle died from eating contaminated grass, while some 25% of the population died of starvation or inhalation of toxic fumes. A thick, poisonous fog descended over much of Europe. The sun faded and thunderstorms proliferated in the gloom. Many people died, with a recent survey of parish records in Britain having concluded that some 11,500 additional deaths, above the norm, occurred in 1783, probably triggered by heart and lung disease.

This was, in fact, the greatest natural disaster to have occurred in Britain in recorded history, apart from epidemics, especially the plague. It is reckoned that 100,000 people would die in Britain if such an event were to occur today (5).

The preceding eruption of the Eyjafjallajokökull volcano began in 1821 and lasted well into 1823, with the ash-fall at its heaviest after six months (6).

Having followed the slitherings of the serpent for so long, we know, do we not, that no abomination is beyond the criminal kleptocracy.

Since, as indicated above, volcanic eruptions (and ‘earthquakes’) can be triggered by Extremely Low Frequency waves, the Dark Forces concerned have also, no doubt, satisfied themselves that, in addition to procuring the knee-jerk grounding of all commercial aircraft in Britain and northern Europe, a volcanic natural disaster capable of plunging Britain, part of the ‘Main Enemy’, back into the Dark Ages, ‘can always be arranged’.

CENTRAL BANK OF HAITI ‘REPLACES’ CENTRAL BANK OF IRAQ
FOR WHITE HOUSE FINANCIAL SCAMMING PURPOSES
Likewise, earthquakes could be arranged so as to devastate Port-au-Prince, Haiti, destroying a quarter of a million lives in the process – enabling the criminalist cadres within the US structures to seize de facto control of the Central Bank of Haiti – for corrupt ‘insider’ trading purposes. For the Central Bank of Haiti now performs the same function as the Central Bank of Iraq, which used to be the White House’s controlled ‘independent’ central bank, used for all manner of irregular, below-the-radar financial transactions via the Federal Inter Bank Settlement Fund that’s controlled by the Federal Reserve Board. But with the ‘democratic independence’ of Iraq assuming tentative, albeit of course fragile, reality, that particular corrupt game had to be wound down. So the White House needed another ‘captive’ central bank to replace the Central Bank of Iraq. The Central Bank of Haiti performs that function perfectly [see also below].

And it is certainly extraordinary that the commencement of the volcanic ash crisis and the shutdown of British and northern European airports coincided precisely with the NATO air force exercise, hosted by Germany – with flights starting to be resumed effective 20th April, coinciding with the end of the NATO air force exercise on 22nd April. In geopolitics there are no coincidences.

AIRSPACE SHUTDOWN: A DIRECT WARNING TO THE UNITED STATES RE THE SETTLEMENTS
While what we state above and immediately below is accurate, there is a FURTHER DIMENSION, which is directly connected to the Settlements: see the Diary Section below for the events that preceded the shutdown, especially the seizure of the funds sent over by the Bank of England.

The airspace shutdown followed that event, and SEVERELY IMPACTED THE UNITED STATES as well as the immediately affected countries. We are informed that the airspace shutdown, achieved by ADMINISTRATIVE ACTION, represented an operation which sent a signal to the US kleptos that the Rest of the World can immediately respond to the US criminalists’ pariah behaviour (in this case, in re-seizing theSettlement funds) by closing down normal channels of transportaion and thus, by extension, any other form of communication they choose.

This is the FURTHER DIMENSION, and if you examine the timing, and at the fact that the airspace shutdown could be turned on and off by EU fiat, you’ll see that this additional dimension is clearly pertinent. Information received at 6:15 hrs UK time, 22nd April 2010.

SUCCESSFUL ‘TEST’ BY COVERT SOVIETS AND
THEIR COVERT ‘BLACK’ GERMAN INTELLIGENCE PARTNERS
To place the worst possible construction on all this, given that German ‘Black’ intelligence and the KGB/FSB/GRU work together, as they always have, at the highest level, we could have witnessed a manipulative operation perpetrated from within NATO with the full collaboration of covert Soviet military intelligence, to test the extent to which Western economies and military air space can be catastrophically destabilised by malicious regulation – illustrating, not least, the crass stupidity of Europhiliacs like Mandelson in accommodating the alienation of total control over British airspace to unreliable, compromised, corrupt, penetrated Soviet-style institutionalised collectivism.

The accuracy of the Editor’s 2002 analysis, The European Collective, which shows how the Soviet Union was ‘folded’ in order to facilitate the surreptitious reverse takeover of somnolent Western Europe by the covert Soviets, is daily gaining further confirmation. The latest evidence of this emerged on 19th April when it was revealed that NATO plans to ‘invite’ Russia to participate in the development and construction of a joint (i.e. collective) defence shield against ballistic missiles launched from a rogue nuclear state, such as Iran.

IRAN PROVIDES CONTROLLED ‘PRETEXT’ FOR NATO OVERTURES TOWARDS RUSSIA
This initiative exploits the deliberate, controlled ‘rogue’ status of Iran, headed by a Jew, President Ahmadinejad, whose family name is Sabourjian. In Farsi, jian means ‘Jew’; and ‘sabour’ is Farsi for the Jewish prayer-shawl: so Ahmadinejad’s family name means ‘maker of the Jewish prayer-shawl’ – a reality which the intelligence operative masquerading as President of Iran openly acknowledged in 2009, in an extraordinary incident when he held up his passport open at the page displaying his family name ‘Sabourjian’, in front of TV and press photographers [confirmed by Tehran sources].

So the Iranian ‘stand-off’ is unquestionably a controlled operation – for use as an ongoing foil against which ‘Great Leaps Forward’ towards ‘One World’ control can be developed: of which the ‘enticement’ of Russia into a NATO project is just one example.

But in reality, it is the covert Soviet Union that, in conformity with Mikhail Gorbachëv’s repeated proclamation of ‘Europe from the Atlantic to Vladivostok’, is ‘backing into’ the Western structures, just as that master Leninist strategist predicted.

US policymakers, whether stupid as usual or complicit, or both of the above, have been discussing this latest ploy directly with the Soviets. The Deputy US Assistant secretary of Defense, Bradley Roberts, told a Congressional Committee all about this during the week ending 16th April. A NATO spokesman, James Apparthurai, said that US officials had been in direct talks on the subject with Moscow, and that the NATO chief, Anders Fogh Rasmussen, supports the proposal, which he was intended to unveil to NATO at a summit meeting in Siim Kallas’s home town of Talinn this week.

Of course, the fact that the NATO summit meeting takes place in Talinn, and that the European Transport Commissioner who was orchestrating the commercial airport shutdown is a secret KGB officer from Talinn, are further ‘non-coincidences’, you will readily understand.

THE BRITISH GENERAL ELECTION: TWEEDLEDUM
AND TWEEDLDUMBER: PLUS THE FOREIGN OFFICE ATHEIST
The British General Election campaign to date has been a painful exercise in empty rhetoric fronted by controlled political puppets trying to convince an embittered and sceptical electorate that they have something worthwhile to contribute, which is not the case.

On the one hand, the discredited, always rather dirty-looking (like Paul Wolfowitz) Gordon Brown, whose stewardship of the British financial economy has been beyond disastrous, has been forced to run around the country practicing his false smile (which he has the greatest difficulty at all times in achieving) for the benefit of unimpressed hangers-on at ‘schools’nhospitals’ (all one word). To this Tweedledum is pitted Tweedledumber, this Cameron fellow – who has no message whatsoever beyond the word ‘change’ – a revolutionary slogan which deliberately and obtusely begs the basic question: change TO WHAT?

By not defining any terms at all, these empty cardboard characters imagine that they can pull the wool over the British electorate’s eyes with impunity. But the British electorate is not stupid – as a senior so-called ‘Conservative’ informed The Times (6) on 13th April.

‘It’s a phoney war right now, but that’s not because of any lack of fighting’, this fellow confided.

‘It’s because they think we’re all fakes’.

Notice that the blame for this delusion is implicitly foisted on the electorate, which ‘thinks’ ‘we are all fakes’, so that the problem the ‘Conservatives’ faced was ‘how to convince them that we’re not fakes’. Manifestly that’s impossible, not least given that the ‘Conservative’ Party, which exists to CONSERVE rather than to OVERTHROW everything, has nothing to offer beyond its ‘change’ slogan, with no definition of terms so that no-one knows what Cameron seeks to ‘change’ the country TO. Obviously, the ‘Conservatives’ don’t know, or won’t say’.

Given this vacuum at the epicenter of the ‘Conservative’ Party’s offering to the electorate, it’s hardly surprising that ‘they think we’re all fakes’, because that’s exactly what these people are.

And WHY are they fakes?

The underlying reason is that they are purporting to be concerned with issues affecting ‘ordinary people’, and to have ‘the answers’ to ‘their’ problems – whereas in reality, these cardboard fakes are marionettes dancing to diversionary tunes orchestrated by the internationalist agenda, which embraces the sterile corruption of Britain’s membership of the European Union Collective.

Has this sacred cow even been MENTIONED in the campaign by any of the three main parties?

You guessed correctly: the answer is NO*. It’s a taboo subject: and yet, as we’ve seen even with the jackboot imposition by regulation by a KGB officer masquerading as the European Transport Commissioner, the internationalist agenda is poised to destroy the British economy, to stifle all dissent – and to achieve all this simply by means of COLLECTIVIST REGULATION.

* However the televised ‘Debate’ scheduled for 22nd April is on foreign policy, so the issue has been boxed into a controlled format from which it stands little chance of further ventilation.

Complicating the charades being acted out by Tweedledum and Tweedledumber has been the emergence of the Foreign Office atheist – another straw character, namely, the leader of the Liberal Democrats, ‘Nick’ Clegg, who wants to abolish the religious basis of ancient schools, to impose a ‘mansion tax’ and to scrap the pound in favour of the failing Euro, and whose stock rose sharply after the Tweedles made relative fools of themselves with their empty pronouncements and contradictory inanities during the first TV Election ‘Debate’.

It was of course a catastrophic error of judgment for David Cameron to have agreed to these TV ‘debates’, since they provide an opportunity for the third empty vessel to impress itself upon the confused minds of the disillusioned people.

And given that the jaded electorate remains unimpressed with the Tweedles, any first-year student of politics could have told ‘Conservative’ Central Office that the effect would be liable to catapult the third ‘candidate’ into the public consciousness, given the disillusionment with the others, with disastrous consequences for the fake ‘Conservatives’. Which is precisely what has happened. And the consequences for the ‘Conservative’ Party may be terminal.

Clegg is a self-professed, left-wing atheist, married to a Spaniard, whom he met when he was an official in Brussels, seconded there from the Foreign Office – a hotbed for several generations of treachery against British interests and its survival as a nation state.

Since, as a direct consequence of Cameron’s ill-advised agreement to participate with the Liberal Democrat leader in the televised Election ‘Debates’, the outcome of this controlled UK election is likely to be a combined majority for the Liberal Democrats and the Labour Party, the prospect, at the time of writing, appeared to be that the incoming government will be by far the furthest left of any government Britain has ever been saddled with.

Moreover the ‘Conservative’ Party could be destroyed and marginalised. The Liberal Democrats will demand, as their ‘price’ for collaboration with Labour, electoral reform, namely a flaky system of proportional representation – guaranteed to ensure weak governments in perpetuity, and to keep the ‘Conservatives’ permanently out of power.

In other words, due to the stupidity of ‘Conservative’ Central Office, the United Kingdom is on the verge of lurching sharply and irretrievably to the left – in precise accordance with the Gorbachëv formula, exposed in The European Union Collective, of procuring the permanent liquidation of all parties that are not of the left

THE INCOMING GOVERNMENT’S LEGISLATION MAY BE
NULL AND VOID, LIKE ALL UNITED KINGDOM LAWS SINCE 2000
Of course, as you can see from our report entitled ‘ALL UK LEGISLATION SINCE 2000 IS NULL AND VOID’, which did indeed ‘go viral’, if the incoming Government does not deal immediately, before doing anything else, with rectification of the Letters Patent issue affecting the Hereditary Peers, all legislation passed by the new Westminster Parliament will wind up as invalid as the legislation that earlier Parliaments under Blair and Brown have squandered a decade passing since 2000.

• In this connection, some people seem to think that because challenges concerning the Letters Patent issue have been rejected by the UK High Court, the issue is dead. That indicates a degree of perversity and dim-wittedness that only inspires contempt. Such blanket assertions overlook the fact that Baroness Ashton of Upholland made the damning pronouncement that she made in the House of Lords, which is recorded in Hansard. Her statement left the position crystal clear, as anyone who re-reads our report dated 11th April 2010 on this issue can easily understand.

And if it turns out that President Barrack Obama is an illegitimate impostor (as the Editor is not an American citizen, he cannot pronounce on this subject, which is for Americans to resolve), it will likewise follow that all legislation signed into law by Obama, together with all his Executive Orders, will turn out to have been null and void, as well – enabling the institutionalised official kleptocracy to have everything ‘both ways’ (the dialectic and double-mindedness, again), since the situation can be manipulated in accordance with what Lenin called ‘the correlation of forces’.

THE FIVE-POINTED STAR CLUE TO THE FACT THAT
THE BRITISH ELECTION IS A STAGED THEATRICAL DISPLAY
Meanwhile observers completely omitted to notice or draw attention to a deliberate clue that the British General Election is CONTROLLED and therefore fraudulent. We refer to the fact that the door into the venue used for the first TV Election ‘Debate’ contained an aperture in the shape of a pentastar – that is to say, the five-pointed star to be seen everywhere in the revolutionary United States and everywhere in the covert revolutionary Soviet Union.

Specifically, the all TV cameras honed in on this polished ‘wooden’ door, making sure that ‘the interested’ need not have missed this ‘in-your-face’ presentation of the CLUE to what is going on. Within the pentastar aperture was a second five-pointed star which formed a glass ‘window’ into the TV venue in Manchester.

Now American observers may not be aware that in the United Kingdom, we don’t DO five-pointed stars. This geomasonic, esoteric revolutionary emblem is NOT USED IN BRITAIN AT ALL.

Yet, all of a sudden, a five-pointed star was deliberately built into the specially constructed door, with its window into the ‘New Order’ being unveiled to the gullible members of the general public in attendance, who thought they were there to hear ‘what the leaders have to say’ and to learn about their policies. Instead, they were dumb witnesses to an empty, controlled, and debilitating charade orchestrated in order to sustain the illusion of ‘democracy’ so as to delude the population into believing that the votes to be cast on 6th May are meaningful: whereas the truth is that the main British political parties are all fully signed up to the same sterile internationalist agenda.

OBSERVATIONS IN THE BRITISH ‘MAINSTREAM’ PRESS ON 22ND APRIL 2010
Camilla Cavendish writes in an op-ed. piece in The Times, page 21, subtitled: ‘When voters say they want change, they mean an end to a system which favours cheats: in banks or on benefits’:

‘Politicians and bureaucrats could not see that they had fostered a language of bureaucracy and suspicion that was alienating to people who used public services. They stuck to stubborn mantras that exam results were better, nurses angelic. People stopped believing that politicians could understand their lives or speak their language’.

‘Politicians only sensed the anger once the economic tide began to ebb. The credit crunch showed that bankers who had flaunted their wealth as evidence of their superior merit had indulged in the most childish pass-the-parcel schemes that plunged the world economy into the dark [sic]’.

‘Most bankers emerged unscathed and unrepentant, while people who had acted prudently and saved for their futures found themselves paying for the profligacy of those who had racked up enormous debts. Low interest rates benefited mortgage holders at the expense of British savers who are still watching their money shrink in accounts that banks brazenly change every month’.

‘By the time the expenses scandal broke, bringing the realisation not only of so many MPs having their noses in the trough, but just how big the trough actually was, people had stopped listening’.

• However, because the next Government will be fully signed-up to the internationalist agenda, which overrides preoccupations with domestic issues except wherever they can be moulded to accommodate the internationalist (World Revolution) remit, any expectation of ‘change’ in this crucial respect, would be unwarranted.

There will be NO CHANGE until the brainwashed UK political Establishment ceases to cow-tow to the internationalists and until the rogue elements within the UK intelligence services are cleaned out. The idolatry of Europe has to be discarded; and of this, too, there is little hope right now, as dense UK ‘business leaders’ pontificate in The Financial Times today that they ‘want a government working strongly within the European political mainstream…. It is there, and not on the fringes of Europe… where our voice must be heard’.

These deluded ‘business leaders’ regurgitate the same claptrap that has been standard ever since this Editor became active. Here are some of the delusions encased in the foregoing drivel:

The European Union Collective is a COLLECTIVE. Decisions are taken COLLECTIVELY.

• The COLLECTIVE is indifferent to ‘voices’. No voice can be ‘heard’ in a POLITICAL COLLECTIVE, because ALL DECISIONS ARE TAKEN COLLECTIVELY, so no ‘voice’ has any standing whatsoever.

• The ancient ‘fringes’ of Europe mantra is part of the same infantile delusion. In any POLITICAL COLLECTIVE, it is neither here nor there whether one is ‘at the centre’ of the collective, or on ‘the fringes’ thereof. The geographical location of the ‘voices’, so to speak, is IRRELEVANT: see above.

• These ‘business leaders’ are content that VAT accruals should be remitted into the hands of a criminal enterprise. As we have explained, the European Commission is a criminal enterprise. Its accounts have been explicitly UNAPPROVED by the Court of Auditors for the past 14 years. The UK Serious Fraud Office has CONFIRMED that it is A CRIMINAL OFFENCE for taxpayers’ monies to be paid into the hands of a CRIMINAL ENTERPRISE. Therefore, these British ‘business leaders’ are content for the VAT payments that their businesses have to pay, to be ILLEGALLY paid into the hands of a criminal enterprise, CONTRARY TO THE RULE OF LAW. If that is the case, they are accessories to the fact of their VAT payments being illegally diverted into criminal hands.

• In demanding unqualified support for the European Union Collective, these ‘business leaders’ reveal that, actually, they are de facto fellow-travelling Communists, supporters of Lenin and of the World Revolution, and that they are quite oblivious to the reality of what they are pontificating.

BRITISH NATIONAL PARTY CONFIRMED AS A GERMAN ‘BLACK OPERATION’
One more thing. The British National Party (BNP), which exploits the Union Jack (UK flag) in all its publicity, was exposed several years ago to this Editor as a covert operation run by German ‘Black’ intelligence. One key achievement of this operation has been precisely to STEAL and ERADICATE national sentiment along with the flag, so that anyone expressing views such as that Third World immigration needs to be controlled or stopped, that the integrity of the nation state is paramount and sacrosanct, and that pride in one’s country is meritorious, is in danger of being labelled (by the Great Brainwashed) as a BNP ‘fellow-traveller’.

On 18th April, it was reported that the London organiser of the BNP, Bob Bailey, is the husband of a German Embassy diplomat. He married Ms. Martina Borgfeldt in Australia in 1999 after meeting her while serving in the Royal Marines in Africa. The current Diplomatic List shows that this woman is an ‘assistant attaché’ at the German Embassy in Mayfair, Central London. Mr Bob Bailey lives in accommodation provided by the German Embassy in London.

In a damage limitation exercise, an anonymous spinning source ‘close to the German Embassy’ said that Mr Bailey had never told his wife that he was a BNP leader, and that she only found out about it when confronted by her superiors. Mr Bob Bailey is leader of the opposition grouping on Barking and Dagenham Council, which he hopes to take control of on 6th May.

As such, he holds a public position and therefore his political affiliation is manifestly in the public domain. Accirdingly, the source of this ‘spin’, presumably an operative taking orders from German intelligence, was engaged in a clumsy attempt to cover up the fact that the British National Party is indeed, as we ourselves found out several years ago, a covert confusion-building operation run by Deutsche Verteidigungs Dienst, its purpose being to smother genuine British national pride and to reinforce the oppression of ‘nationalism’ – which, if it were to flourish, would threaten pan-German hegemony strategy and the internationalist agenda.

THE BRUTAL COVERT SOVIET CONTAINMENT OF POLAND
Turning to the Polish situation, a central European observer informed us on 19th April 2010 as follows [verbatim account]:

[Watching the TV coverage of the Kaczynzki funeral] ‘First, I sensed that Prime Minister Donald Tusk showed by his behaviour strong signs of guilt, if not a bad conscience, given that he might well be the key figure behind any coup, at least within Poland’.

‘Secondly, the only two international players who were represented were Russia and Germany (showing your analysis in ‘The European Union Collective’ one more time to be perfectly right). [Thanks to the volcanic ash story] all the other presidents and prime ministers now had a perfect excuse not to attend. The volcanic ash dimension also prevented the arrival of an unprecedented stream of Polish patriots living outside the country to Warsaw or Krakov – so that a colossal Polish political demonstration of historic proportions did not take place’.

On the contrary ‘the world saw Poland not just politically decapitated, but basically left out in the cold. No Obama, no Gordon Brown, no Sarkozy, no Berlusconi, no Zapatero, no Papandreou; and not one single representative of European Royalty, either’.

‘Yet Russian President Medvedev did arrive – by jet aircraft – thereby indicating that the Russians, unlike ‘Eurocontrol’, had no problem with the ash cloud’.

‘Accordingly, apart from Germany’s President Horst Köhler and the German Foreign Minister Guido Westerwelle, the gathering consisted ENTIRELY of actual Communist personnel: Yanukovich and Timoshenko, from Ukraine; the Lithuanian President, Mme. Dahlia Grybauskaité, who was formerly the European Budget Commissioner and a KGB and Party operative from the overt Soviet days; President Saakashvili, MVD chief Eduard Shevardnadze’s former Interior (‘Justice’) Minister, from Georgia; President Basescu from Romania; and the former Polish Prime Minister, now President of the European Parliament, Jerzy Buzek, who managed to travel to Poland without any difficulty’.

‘And how was the scene transmitted? Why, by a huge army of international TV teams who had managed to arrive in Poland in good time, notwithstanding the airport shutdowns’.

• CORRECTION:
When originally posted, we stated in error here (based on information from Austria) that President Vaclav Klaus from the Czech Republic was nowhere to be seen. We have now received a message from the Czech Republic stating that, on the contrary, President Vaclav Klaus travelled to Krakov by train and was highly critical of the absence of Western leaders and representatives. We are very happy to make this correction, and apologise to our Czech readers for the error.

• AND LISTEN TO THIS: You will see immediately below a reference to covert Stalinist Austrian State President, Heinz Fischer, who didn’t attend the funeral. Following the update about Vaclav Klaus appended immediately above, Czech sources elaborate: Reacting to Vaclav Klaus’s criticism of the non-attendance of Western leaders, the Austrian President declared:

‘I was unable to attend because our work rules forbid my driver to exceed eight hours of continuous driving. So I had to stay in Vienna’.

The State President of the Bundesrepublik Osterreich can ORDER two drivers to drive him to any destination he likes. In official limos, THERE ARE TWO SEATS IN THE FRONT, one for the driver and another in case there needs to be a driver to back him up. Pettifogging EU REGULATIONS do not YET go so far as to require only one driver to service the needs of the State President. Is this jumped up little neo-Stalinist nuts? We don’t use RIDICULE enough to cut these nonentities down to size. The duplicitous Austrian President has made a complete dumkopf of himself and has also humiliated Austria and its people by his wayward behaviour here.

FRAU ANGELA MERKEL GOES EVERYWHERE IN EUROPE EXCEPT TO POLAND
Our correspondent described, in conclusion, the quite extraordinary behaviour during this same timeframe, of Angela Merkel – the erstwhile activist in the East German Communist Party, which she served as Secretary for Agitation and Propaganda in the Communist Youth Department of Karl Marx University. First of all, Merkel indicated that she was going to attend the funeral. Then, ‘due to the ash cloud’, she was ‘forced to land in southern Europe’.

Then, for some unexplained reason, she made an overnight stop as far away as Lisbon, flying on the next day from the Portuguese capital to Rome – whereupon she was driven by car from Rome to Berlin where, according to German TV, she arrived in the late afternoon of Sunday 18th April, just as the funeral was taking place in Krakov. She could have been driven from Rome to Krakov, which is a slightly shorter journey than Rome-Berlin.

As for the covert Stalinist Austrian State President, Heinz Fischer, his excuse not to attend was that his ‘election’ is due on 25th April. But since he has no competitors for the Presidency who stand the remotest chance of winning, he could perfectly well have travelled to Krakov himself without forfeiting his re-election: a car would have taken about five hours, a helicopter ride, less than two hours. No Government Minister from Austria attended at all.

The ‘spin’ which emerged, even in the British press, following the funeral of the Polish President who perished along with most of his top aides in an old Tupolev that had been refurbished in a southern Russian factory and had only been delivered back to the Poles just a few months earlier, was that this ‘accident’ had ‘brought Russia and Poland together’ in shared grief, and had given an impetus to the prospect for good old Polish-Russian Friendship. a.k.a. ‘People’s Friendship’.

In other words, the ‘accident’ that wiped out the top echelon of the Polish Government was ‘the very best thing that could possibly have happened’. As for the Western dignitaries who all too carefully absented themselves, it would seem that they didn’t intend to disturb, by their uwanted presence, this oh-so-conveniently re-established geopolitical equilibrium.

THE THREE INTELLIGENCE RACKETEERS BEHIND THE CRISIS
As you will recall, we have separately proved that the three top operatives who masterminded the controlled ‘takedown’ of the Soviet Union have been systematically engaged, all along, in the TWIN operation to ‘take down’ the ‘Main Enemy’ – Britain and the United States (and also the corrupted English-speaking Dominions, Canada, Australia and New Zealand).

And as we’ve repeatedly explained, since double-mindedness and the dialectic are Kings in these circles, EVERYTHING IS DUPLICATED. Bank accounts are duplicated. All scamming operations are duplicated. Companies with the same name are duplicated in many different jurisdictions around the world. ‘Contradictory’ dual operations are launched in parallel.

The dialectical method enables these operatives to speak out of both sides of their twisted mouths simultaneously. They can say one thing on Monday and do or say the exact opposite on Tuesday, with total equanimity: because their double-mindedness enables them to rationalise ‘opposites’, or what Lenin and Gorbachëv call ‘contradictions’.

Thus the 9/11 abomination involved the TWIN towers; the aborted abomination that was to have resulted in the destruction of the Republican Convention on 1st September 2008 was to have been perpetrated in the TWIN cities of Minneapolis-St Paul.

Diabolical human experimentation on TWINS is a preoccupation of those deviants serving the Darkness who engage in such grossly demonic activities.

Therefore, it comes as no surprise that the orchestrated ‘takedown’ of the Soviet Union had a TWIN – the intended orchestrated ‘takedown’ of the ‘Main Enemy’: which is what we and others have been witnessing and recording.

As previously reported, the ‘former’ Soviet President Mikhail Sergeyevich Gorbachëv, the former President George H. W. Bush Sr., and former German Chancellor Dr Helmut Kohl are partners with the CEO of Deutsche Bank AG, Dr Josef Ackermann, in Deutsche AG, previously named Barrington Investment Group – which is used as a money laundry and chief hidey-hole for stolen and diverted funds, including funds leveraged and derived from a contract stolen from Michael C. Cottrell’s firm Pennsylvania Investments, Inc., in 2002.

This means that Gorbachëv, Bush Sr., Kohl and Ackermann are financial terrorists handling stolen and diverted funds: in other words, they ‘handle stolen goods’. This is a criminal offence in every context with the single exception of the rarefied atmosphere of the intergovernmental firmament, where the Rule of Law does not apply, and the law of the jungle prevails instead.

THE SORDID BACKGROUND OF DR HELMUT KOHL
Equipped with such information, the Editor decided that he didn’t know enough about Kohl, apart from his prowess in amassing gold certificates and nullifying parallel certificates held by others (as previously reported). So we did some additional research.

We discovered the following descriptions of the kind of man Dr Kohl is, published in Spectator Magazine [28th July 2001] and Le Parisien [9th July 2001]. Guess what: all this information was swamped by the 9/11 atrocities, as the dates of these reports make self-evident. Without further elaboration, therefore, they are as follows:

• Spectator Magazine (28th July, 2001):
Helmut Kohl has buried many bodies in his time, and now he has buried his wife Hannelore. Earlier this month, while Dr Helmut Kohl was in Berlin, she committed suicide by taking an overdose of painkillers and sleeping tablets at their home in Ludwigshafen, on the Rhine. The way he disposed of her body was very characteristic, combining elements of mendacity, effrontery and the ability to dominate those around him. He assembled the entire German establishment for a requiem mass in a Roman Catholic cathedral for a Protestant who had committed suicide. The German media had already, almost without exception, swallowed Frau Kohl’s explanation for her death, which was that she was suffering from such an agonising allergy to light, that for the last 15 months she had only been able to leave the house under cover of darkness. Doctors have been unable, from the scant details given, to identify her illness, and she was buried without post mortem.

Some people have reported that she seemed well able to withstand daylight within the last few months. A friend of mine recently saw her going for a walk in the Grünewald forest on the edge of Berlin, and Mr. Kohl himself alluded, on the day before she died, to their forthcoming summer holiday in Austria. Only Stern magazine ventured to point out that the official account did not hang together. It remarked that a few weeks ago, when the Kohls’ son Peter married a Turkish woman, Elif Sözen, in Istanbul, Helmut Kohl attended the wedding not with Mrs. Kohl, but with his personal assistant, Juliane Weber, who started working for him in Mainz in 1964 and has long been his right-hand aide. What Mrs. Kohl thought of this we may never know. ENDS

• Laurent Valdiquié, Le Parisien (9th July 2001):
Following the suicide of his wife, Helmut Kohl is now indirectly linked to a suspicious death in France. Diethelm Höner, a German millionaire friend of Helmut and Hannelore Kohl, was found dead in his villa in Cannes on 17th January. He had been the Kohls’ informal financial adviser, running the affairs of Hannelore Kohl’s charitable foundations.

The 60 year-old financier had apparently ‘fallen downstairs’ but French prosecutors are finally investigating the death. Höner was connected with the Elf scandal, in which bribes were allegedly paid by the French oil company to Helmut Kohl’s Christian Democratic Party. Höner, whose fortune ran to some £1 million [sic], had told friends that he felt threatened for several years.

He lived in Cannes in a state of permanent fear and was obsessed by security. According to a document leaked to a French paper, he knew about the diversion of large sums of money via the German intelligence services; he alleged in this document that most of the aid given by Germany to Russia had been stolen and that the Russians were using the stolen money to finance industrial espionage in computer and bio-technology. Höner also knew Dieter Holzer, a German businessman living in Monte Carlo, who is now on the run following the revelation that he took money from the bribes paid by Elf for the purchase of the Leuna oil refinery.

The French authorities are treating the death as suspicious because, according to a preliminary medical report, the position of the body was not compatible with a fall.

And the security cameras which otherwise filmed everything in his villa, were mysteriously not functioning on the night of his death. ENDS.

The fact that our investigations have revealed Helmut Josef Michael Kohl, who was born on 3rd April 1930 in Ludwigshafen am Rhein, to be a handler of stolen goods, a financial terrorist and a criminal racketeer of the first rank, sharing the proceeds of stolen and diverted funds with his racketeering partners in Deutsche AG (Barrington Investment Group), of St Gallen, Switzerland, George Bush Sr., Mikhail Gorbachëv, and Dr Josef Ackermann, CEO of Deutsche Bank, is not surprising given ‘further and better particulars’ about this operative’s financial activities.

For Kohl has been no stranger to financial scandal. In 1999, it was revealed that his CDU political grouping had received and maintained illegal funding under his leadership. Investigations by the Bundestag into the sources of illegal CDU-tagged funds, mainly stashed in Geneva bank accounts, revealed two sources. One was the sale of German tanks to Saudi Arabia (involving kickbacks), and the other was a privatisation fund operated in collusion with the late French President François Mitterrand, who sought 2,550 unused allotments in the former East Germany for Elf Aquitaine. In December 1994, the CDU Bundestag majority passed a law nullifying all rights of the then current owners of the (petrol station) allotments. In this context, over DM 300 million in illegal funds were discovered in secret Swiss bank accounts in Geneva canton.

The fraudulently acquired allotments were then privatised for Elf Aquitaine, and wound up owned by TotalFinaElf, now Total SA. Kohl maintained that Elf Aquitaine had offered and had subsequently completed a massive investment in East Germany’s chemical industry, while also taking over 2,000 petrol stations in Germany formerly owned by the East German national oil company Minol. Elf Aquitaine was found to have financed the CDU illegally under Mitterrand’s orders, in line with standard practice in the corrupt Francophone countries.

These matters appear not to have been resolved. A German-Canadian businessman, Karlheinz Schreiber, a long-term associate of Kohl’s late CSU political rival Franz Josef Strauß, is still wanted by Bavarian prosecutors on charges of fraud and corruption. Schreiber is reported to have been fighting extradition from Canada to Germany ever since the summer of 1999 (at least, this was the position in 2008). Free on bail in Canada, Herr Schreiber filed an Affidavit implicating the former Canadian Prime Minister, Brian Mulroney. On 13th November 2007, the current Canadian Prime Minister, Stephen Harper, called for a public enquiry into Schreiber’s statements.

CANADIAN PRIME MINSTER HARPER REPORTED TO BE ‘SPACED OUT’
Although what follows may not be connected, something odd is afoot in Canada, too. Last year there was firm talk of an early General Election there, but these indications have faded amid a strange conspiracy of silence involving the highest levels of the political parties, including the Liberals – now led now by Michael Ignatieff, from a Canadian family of Russian Jewish extraction, who spent a good portion of his life in Britain, becoming well known as a late-night ‘intellectual’ talking head on BBC shows and a prolific contributor of left-wing articles to The Guardian.

Then he suddenly left Britain for a post at Harvard, after which he moved back north to Canada and entered politics – rising to the highest slot in the Liberal Party.

Meanwhile, Stephen Harper appears from his television appearances to be somewhat ‘spaced out’. A Canadian correspondent writes: ‘If you watch his eyes on TV, he appears to be not all there’. As the corruption unravels, these operatives are being exposed, or worse [see 21st April].

NEIL BUSH IN CHARGE OF BUSH SR.’S ASSETS?
Earlier information suggested that Mrs Barbara Bush may have taken over the management of George Bush Sr.’s colossal illicit financial interests. Since no reports about the Bush Crime Family can be taken at face value, given the Bush Sr. apparatus’s record of floating disinformation stories via controlled ‘grapevines’ (several of which were targeted at this service at earlier stages of this criminal investigation), that assertion ought to have been accompanied by a health warning.

Nevertheless, reports that Mrs Barbara Bush spent some days in hospital in March and references to Grave’s disease, were accurate, and it has been reported that Mrs Bush remains in poor health. Her condition would be consistent with the consequences of long-term exposure to electronic activity and is paralleled by the condition of Hillary Clinton, whose physical deterioration is visible to all, and whose appearance recently has been unofficially diagnosed as being consistent with Grave’s disease. Specifically, she has put on much weight, walks awkwardly and her speech is slow, with (we are told) some slurring of her words.

After eight years in the White House, such an outcome would, experts advise, be likely.

At all events, these reports have coincided with separate information to the effect that Neil Bush, who was implicated in the Savings and Loan scandals of the 1980s, has ‘descended from’ Toronto, where he had long been operating following a prolonged spell in Hong Kong whence he had been removed at the instigation of his father George Bush Sr., to get him out of the way in the aftermath of the S&L débacle, to Houston. That cannot be be ‘good news’, given this man’s background.

NEIL BUSH AND THE SAVINGS AND LOAN PILLAGING OPERATION
Specifically, his stewardship as Director of Silverado Savings and Loan, Denver, was covered in ignominy. Neil Bush became a Director on Silverado’s Board in 1985, but resigned just days after George Bush Sr. was nominated as the Republican candidate for the Presidency in 1988 and three months before Silverado was compelled by regulators to establish nearly $200 million in loan loss reserves to cushion the thrift from expected losses on shaky (i.e., shady) deals. At the time, Neil Bush said that he had resigned for personal reasons. But the real reason for his resignation was to ‘spare his father the embarrassment’ of Silverado Savings and Loan’s deteriorating condition and probable collapse (which duly occurred late in 1988).

After all, as Vice President, Bush Sr. had chaired the Bush Task Group on Regulation of Financial Services, an element of Reagan’s deregulation initiative. This operation ostenstibly disappeared into oblivion in August 1983 after the media thought it had achieved very little.

But in reality, George Bush Sr. and his corrupt associates had exploited the Task Force’s access to inside information to decipher how the financial system worked, so that it could be ransacked all the more efficiently. Typically picking up quite the wrong end of the stick, a ‘regulatory expert’ at Carnegie-Mellon University, Lester Lave, told a Fortune magazine reporter that ‘they took a lesson from the Vietnam War: Declare victory and pull out’.

No, they ‘pulled out’ because their ‘investigation’ had achieved its real purpose: to equip the Bush Crime Family with the inside knowledge it needed to orchestrate wholesale frontal attacks on the financial sector and all who invested in it.

Later, the Federal Home Loan Bank Board (FHLBB) actually announced that it had requested the Justice Department to investigate charges that Stuart Root, the former President of the Federal Savings and Loan Insurance Corporation (FSLIC), had given the Denver-based Silverado Savings an advance warning that regulators were intending to seize that thrift in December 1988. Silverado Savings had been borrowing heavily from the Topeka Federal Home Loan Bank, but no supervisory measures were taken against Silverado until it was finally declared insolvent in December 1988, following Bush Sr.’s election to the Presidency.

The National Thrift News reported separately that Neil Bush’s oil and gas company had a line of credit at a bank owned by a developer who owned large amounts of Silverado’s preferred stock and received more than $40 million in loans from Silverado Savings and Loan. Neil Bush also sat on the Board of a Florida corporation that borrowed over $80 million from Western Savings of Dallas, which also collapsed. In other words, Neil Bush presided over operations to divert funds from the banks on the Boards of which he sat – a state of affairs which not even his brazen father could tolerate blowing up in his face just as he was embarking upon his corrupt Presidency.

NOTHING’S CHANGED, OF COURSE: LOOK AT NANCY PELOSI
The whole point about the United States is that since it is a ‘Black’ foundation – which is to say, it is rooted in geomasonic esoteric magick make-believe and gobbldegook, as the notorious layout of Washington, DC, with its phallic monument and pentastar pathways, constantly remind us.

(The same can be stated about the Vatican, which has its own phallic monument in the centre of a circle: and look what’s happening to the Vatican).

Hence nothing can ever go right in this country. Its foundation is malevolent, so everything always goes wrong. (Other countries, including Britain, of course, suffer similar problems due to their own comparable blind stupidity). Ever since the Editor of this service started visiting the United States frequently in 1977, there has been at least one major scandal ‘rocking’ Washington.

After 33 years of observing these routine eruptions of pure evil, the corrupt sewage floating downstream from Washington these days has lost its stench for veteran observers such as your correspondent. Since the root cause of these incessant manifestations of corruption isn’t either understood or tackled, they continue. Of the manifestations of the evil for which Washington is notorious, the most egregious is the continued existence of a corrupted Intelligence Power which has usurped the Executive and Legislative Branches and operates as an arrogant, murderous self-financing ‘state within the state’ without any meaningful checks and balances.

But from the perspective of the corrupted ‘elevated personages’ living and having their being within the Beltway, the status quo cannot be faulted. Take, for instance, the case of the Speaker of the House, Nancy Pelosi. A list of her investment holdings with her husband as joint tenants in common with regard to the god they worship, Mammon, is given at Note (7).

This list provides an insight into the values of such operatives, who are supposed, when surfaced as legislators, to be impartial servants of the people.

NOW THEY’VE STARTED SCREAMING AT EACH OTHER IN PUBLIC
Because it’s always ABOUT THE MONEY. At this level, there’s never any other issue. Nor can the seething anger and resentment of the holders of supreme power be hidden from public view any longer, it seems. This became clear when ‘mainstream’ media reports published on 14th April 2010 showed an unprecedented photograph of two highest-level leaders screaming at each other.

The occasion was the Nuclear Security Summit Meeting held in Washington on 13th April. On page 16 of The Daily Telegraph, the Russian (KGB) President, Dmitry Medvedev (Menakhem Aaronovich Mendel’) was seen angrily pointing his finger at French President Nicolas Sarkozy, who was angrily pointing at Medvedev, with a look of extreme hatred on his unprepossessing countenance.

The accompanying article stated blandly that ‘Nicolas Sarkozy, the French President, and Dmitry Medvedev, his Russian counterpart, appeared to have a heated exchange during the summit meetings yesterday. Mr Sarkozy has said France will not give up its nuclear weapons because doing so would ‘jeopardise’ its security. Mr Medvedev last week signed an agreement with US President Barack Obama agreeing to reduce his nuclear warheads by a third’.

It was a kindly lady at S. Japhet and Co. in the City of London, where the Editor, in 1959, was rather temporarily employed during the Eichmann controversy, who uttered an unforgettable response to your correspondent’s naïve question: ‘What’s all the fuss about? Eichmann’s Jewish’.

‘You don’t understand’, she explained patiently to the only goy on the premises: ‘A Jew’s greatest enemy is another Jew’.

The Jew in charge of France is shown screaming at the Jew in charge of Russia at a so-called Nuclear Security Summit Meeting in front of the world’s TV cameras: and The Daily Telegraph sticks this story and picture on page 16.

If your correspondent had been Editor of the newspaper, he would have ordered the front page to be cleared and the report rewritten to focus specifically on this evil exchange of mutual loathing.

• But of course, we’ve forgotten something: an intelligence cell is resident in every US and UK press room, as previously confirmed. It would have argued for the bland treatment that the British newspaper duly applied to this sensational story

Because although the context was the nuclear ‘Summit’, the underlying tension CONCERNS THE MONEY. These operatives have ‘lost it’. As we have stated, at the intergovernmental level, the Rule of Law does not exist. Everyone double-crosses everyone else, everyone lies, everyone engages in wall-to-wall intrigue, and all displays of harmony for the benefit of public consumption are false. Now we see that these ‘Dark Actors Playing Games’ cannot even hide the fact that they hate each other’s guts: and it’s neither here nor there whether a competing snake is Jewish or not.

SACKED SARKOZY ‘SPIN DOCTOR’ CONFIRMS THAT ‘IT’S ALL ABOUT THE MONEY’
That ‘it’s all about the money’ was, moreover, a fact of life that will indeed have been at the very forefront of Mr Sarkozy’s mind even as he was engaged in this open display of fury at Medvedev for the benefit of the TV cameras. Here’s why.

It had been reported on 13th April that Mr Sarkozy had banned his chief ‘spin doctor’, M. Pierre Charon, from key meetings after his disastrous handling of the uncontrolled rumours about the state of the French President’s marriage. Like Silvio Berlusconi and Gordon Brown, the woman placed at Mr Nicolas Sarkozy’s side is believed to be an intelligence operative (another prominent example being Rupert Murdoch, whose Chinese ‘replacement’ wife is known to be a Communist Chinese intelligence agent). That way, pillow talk gets delivered instantaneously to the intelligence eavesdroppers controlling the President, Prime Minister, or senior executive in question.

Carla Bruni-Sarkozy is the French President’s third wife, and she’s said to be ‘in a relationship’ with Benjamin Biolay, ‘a musician’. For his part, President Sarkozy was reported to be having an affair with the ‘Ecology Minister’, Chantal Jouannou. All concerned have denied these suggestions, but M. Charon had different ideas. A few days earlier, he responded by claiming that President Nicolas Sarkozy’s decision to exclude him from key high-level meetings might have reflected a foreign plot from ‘financial movements’ intended to discredit the French President (8).

Once again, the British newspaper missed this clue, proving that it has all along had NO CLUE about THE MONEY. There is NO WAY that M. Charon, privy to French Presidential secrets, would have made such a comment without knowing what he was talking about – not least because no-one unaware of the crisis over the money would have had any reason to make such a public comment.

Besides, President Sarkozy had made it clear on his arrival earlier in the United States that he would stay there until the Settlements payouts had been completed. He was also on record as having called Obama ‘INSANE’ – another outburst DIRECTLY CONNECTED WITH THE MONEY

SO WHAT WAS SARKOZY’S ‘FORMER’ SPIN DOCTOR SAYING, EXACTLY?
For the answer to this question, we need to assemble the available information on what has been going on behind the scenes as the criminal operatives in the United States continue to defy the international community – and also powerful elements within the US structures themselves.

DIARY OF RECENT UNSPEAKABLE BEHIND-THE-SCENES EVENTS
To make some sense of what has been happening, we revert to our Diary Format:

• 30 March: On the Editor’s return from New York, he is informed that ‘President Obama’ has been demanding 60% of ‘the funds’, rather than 40%. According to our sources, Mr Obama was saying essentially: ‘Pay me 60%; or you’ll get nothing’, and that Swiss authorities had refused to comply.

The only figure that we can relate to here is that tax of 35% is the figure that has always been mentioned as being the tax level payable on projected Dollar Refunding proceeds. When we enquired whether these numbers referred to tax payable or some kind of payoff, the answer we managed to extract was: “Don’t know’. Separately, we are told that Bush Sr., Carlyle (and Soros) expected to receive an aggregate $1.3 trillion – apparently in US Treasury instruments.

There is no way that such data can be verified. However what is made clear to us is that the rats were continuing to fight over splitting the money (the tax component which ‘can’t be booked’).

• 02 April: ‘President’ Barack Obama attended at Bank of America’s base in Charlotte, NC, where he signed the necessary pay orders and reportedly told the Bank(s) that they must pay and put up with the consequences. He reportedly told the CIA’s primary bank that the money they had held for the Settlements payouts and which they had instead seized and used for illicit below-the-radar trading operations, must be disgorged forthwith so that the Settlements could be effected.

(Don’t get confused: recall these people say one thing on Monday, and the opposite on Tuesday).

• 03 April: It was reported to us that Mr Paul Volcker and Timothy Geithner had held a meeting in the course of which Mr Volcker had impressed upon Mr Geithner that his best course would be to ‘allow’ the Settlements payouts and the $6.2 trillion Line Item plus the Queen’s stolen gold issue to be resolved, on the basis that the consequences would be beneficial.

Mr Geithner says for the record that meetings over the next three months would be ‘critical’ steps towards bringing about policy changes procuring a more balanced global economy. As you can see, this statement meant nothing as it stood: but reading behind the empty rhetoric, what was being said was that ‘we are in an extreme situation and we are still hoping something will turn up within three months that will ease us out of the predicament (of our own making) we find ourselves in’.

• 03 April: Citibank issues instructions restricting all withdrawals during the coming (post-Easter) week. Note: Citibank appears to be the only one of the large money center banks facing this crisis that is using its institutional brain. It is downsizing as fast as it can, with minimal explanation.

• 07 April: Former President Clinton (who, like his CIA wife, looks ill these days) was rebuffed when he surfaced during the review period in Saudi Arabia, asking for money. He met King Abdullah, the Saudi intelligence chief Prince Muqrin bin Abdulaziz, the Assistant Minister of Defence, Khaled bin Sultan, and other top Saudi officials at the King’s ranch outside Riyadh, where, according to the Saudi Press Agency (SPA), they discussed ‘issues of mutual concern’.

• 08 April: Geithner stops off in Hong Kong to meet officials including the Hong Kong Chief Executive Donald Tsang and the Financial Secretary who has the same name, John Tsang. No information was released for public consumption on what was discussed.

• 08 April: Timothy Geithner, the US Treasury Secretary (accompanied according to unconfirmed reports by his predecessor, Henry M. Paulson), were likewise rebuffed when they surfaced for a 75-minute meeting in the VIP area at Beijing Airport with the Chinese Vice Premier Wang Quishan on a similar pecuniary quest – the object of the exercise being to try to rustle up enough real money to meet the hideously pressing obligations which are being forced upon the Treasury and the White House by the Lien Holders and the international community. Associated Press failed to explain why Geithner had needed to rush to Beijing, and neither did it explain what he had been doing earlier stopping off in India (trying to collect funds, of course).

The US Treasury said in a statement that Geithner and Wang Qishan ‘exchanged views on US-China economic relations, the global economic situation and on certain issues relating to’ a forthcoming meeting scheduled for May of US and Chinese officials in Beijing.

• 08 April: The former US Treasury Secretary, John Snow, now Chairman of the Cerberus vulture fund advised by Bush Sr. Vice President Dan Quayle, visiting Shanghai accompanied by former US President George W. Bush, gave an interview in which he made some vacuous comments about Chinese currency policy. What were Snow and Bush Jr. doing in Shanghai? Trying to collect funds.

• Or else the opposite: placing restolen funds.

• 09 April: Although Michael C. Cottrell, B.A., M.S., earlier submitted the requisite form as specified by the Pennsylvania authorities with his cheque for $70.00 in payment of the necessary filing fee, the reprobate Pennsylvania Department State Corporation Bureau did not enter the necessary correction. This correction entailed the designation of Michael Cottrell in four separate entries as President, CEO, Treasurer and Secretary; and the Corporation Bureau form, provided for the purpose, enabled precisely that data to be submitted in the required format along with the fee.

Instead of performing their duty having banked the $70.00 cheque, the PA Corporation Bureau deliberately and, with malicious intent – as we have caught them out having illegally inserted the Mafioso Salvatore R DeFrancesco as Secretary of Pennsylvania Investments, Inc. – posted the following provocative ‘in-your-face’ gibberish on the Pennsylvania Investments, Inc. screen:

Name: NONE NONE
Title: Secretary
Address: [Address Not Available].

This is a deliberate provocation, calculated to procure the following:

• First, to obfuscate the situation further.

• Secondly, to antagonise Mr Cottrell and all trying to assist him

• Thirdly, to CONTINUE to mask the possibility that the Mafioso Salvatore R. De Francesco retains secret illegal and corrupt signatory power as fraudulent Secretary over Pennsylvania Investments, Inc., sufficient to permit the theft of the payments due to Pennsylvania Investments, Inc., in direct collaboration with the Governor of Pennsylvania and the White House.

• This scandalous state of affairs remained UNCHANGED as of 21st April 2010.

• 09 April 2010: The Bank of England holds an emergency meeting at 10.00 p.m. British time, concerning the disposition of the Settlement payments. At this crucial meeting, all outstanding issues, based on ‘assurances’ from the complicit US authorities, were supposedly ‘resolved’ – including, we were led to believe, pertinent issues surrounding the return of The Queen’s gold.

Since we were informed that ALL outstanding issues were resolved (whatever that meant in detail), it is deduced from this information that the matter of at least The Queen’s Lien on the US Treasury and the return of her $6.2 trillion LOAN pro bono publico for the private sector Dollar Refunding operation were ‘resolved’ along with the return of the gold (9).

• 09 or 10 April: The relevant funds, collected from outside the United States, and sent over via the Bank of England were delivered to US banking sector recipients, and deposited.

• 09 April: The Wall Street Journal reports:

‘In one of those rare moments of unity, the National Bank of Poland and the Polish Government agreed on the need to weaken to polish zloty, which over recent weeks has rebounded close to its pre-crisis strength… After several verbal interventions over the past few days, the central bank intervened with real money Friday, for the first time in over a decade’.

• 10 April: having placed the interests of Poland over that of the European Union Collective by stating publicly that it was ‘technologically and psychologically’ prepared to enter the currency market to prevent ‘excessive strengthening of the zloty’, the President of Poland, Franciszek Gagor, the Deputy Foreign Minister Andrzej Kremer, and the President of the National Bank of Poland, Slawomir Skrzypek, together with the other top officials including the Intelligence Chief and the Army, Navy and Air force Chiefs [see our report dated 11th April 2010] are slaughtered in the ‘accident’ near Smolensk Airport. There are unconfirmed reports of shootings having taken place while the aircraft was still in the air, and after the crash (in particular, the cold-blooded shooting of a video photographer who captured the catastrophe digitally). [See 21 April, below].

• 10-11 April: The delivered funds sent over via the Bank of England were seized by the US banks with the full participation of the White House, the Central Intelligence Agency, the National Security Agency and the National Security Council. The funds were placed into ‘lockdown’.

• 12 April: Contrary to previous assurances, Mr Obama let it be known to London that ‘we have things to do and we’re not going to release the funds’. In response, London told the White House that this was unacceptable, and that the hijacked releases and the return of the $6.2 trillion and The Queen’s gold had to be done immediately.

• 12-13 April: Bank of America (Wachovia and Wells Fargo) point blank refuse to release the funds.

As has been hinted by bankers in the past, they now said outright that if they released the funds, they would collapse. In other words, Bank of America, the CIA’s primary institution, employed for its ‘Black Operations’ financial transactions (especially via its Vienna, Austria, and Swiss branches), reneged on the understandings on the basis of which the Bank of England transferred the payout funds [see above]. [FINRA is STILL allowing Wachovia to run trading programs out of St Louis, MO].

• 13 April: The heated exchanges of hatred between Medvedev and Sarkozy in front of the world’s TV cameras [see above] take place against the background of an essentially fraudulent ‘collective nuclear accord’ ostensibly reached at the Washington Nuclear Security Summit requiring extremely expensive outlays by participating governments despite the plain fact that the colossal necessary funding for decommissioning of nuclear operations was not forthcoming.

Indeed experts say that the agreement reached was so bizarre as to suggest that participants had been promised ‘financial incentives’ to reach the ‘required’ collective accord.

Our informants on this score suggested, again, that funds may have been diverted from the Settlements pot, for this purpose. We did say that the ferocious outburst of unfettered anger between Messrs Medvedev and Sarkozy was ALL ABOUT THE MONEY. Specifically, the Nuclear Accord, signed by 49 countries, appears to have been reached with the use of money diverted from the Settlement funds. Indeed, Biden and Obama were said to be engaged in ‘deal making’ behind the scenes, using stolen funds (nuclear and financial terrorism).

In other words, these operatives’ behaviour is identical to the behaviour of the Bush Crime Family, Cheney and the Clintons (all operatives).

• In any case, there was something else that was ‘not right’ about the Nuclear Summit. Specifically, Nursultan Nazarbayev, the former Communist Party Boss in the Kazakh Soviet Socialist Republic, now a bosom pal of George W. Bush, is sitting on 14% of the world’s uranium reserves, which he is selling all over the place like hot cakes. With the proceeds of these sales and also with his energy income, Nazarbayev is engaged in the construction of a monstrous geomasonic, esoteric capital city in the north of Kazakhstan, now called Astana, which is an anagram of the Russian for Satan, satana. This city, extensively designed by the agnostic British architect, Sir Norman Foster, has a huge pyramid which implements the fabrications and tripe published by the notorious dead mason Manly P. Hall and the dead 19th century masonic necromaniac, Albert Pike. A detailed article on this nauseating extravaganza is to be published in the forthcoming issue of Soviet Analyst [Volume 31, Numbers 6 & 7]. For further background, see the Editor’s book The New Underworld Order.

• 13 April: Michele Obama, accompanied by Mrs Hillary Clinton, surfaces in Haiti – where the White House now controls the Central Bank, in lieu of its waning control over the Central Bank of Iraq [see above]. Michelle Obama then disappeared and surfaced in Mexico.

The only possible explanation for these sudden visitations is that she was engaged in placing diverted/stolen funds. Given 24/7 surveillance of corrupt financial transactions, these operations have to be done by these criminal operatives in person: which explains why so many of them have been running so frenetically around the world, as described herein.

• 14 April: The former Prime Minister of the Kingdom of Belgium, the Fleming Herman Van Rompuy, elevated above his pay-grade as the first President of Europe (in a backroom deal between France and Germany to keep the former British Prime Minister, Tony Blair, out), states that 2009 quote ‘was the first year of World Government’ unquote. This little globalist ideologue evidently believes that World Government is a ‘good thing’, forgetting that it will become a hideous dictatorship. If you have a dispute with the World Government, who do you appeal to, the Man in the Moon?

• But the real significance of this statement is as follows. In order for ‘progress’ towards ‘World Government’ (Lenin’s project) to ‘materialise’, it is necessary to have blackmailable criminalist operatives positioned in the highest slots in all the main countries of the world. 2009 was also the first year of Obama’s White House tenure, which may well prove to be spurious: in which case, all legislation that Obama signs into law will be NULL AND VOID [compare this situation with the fact that all British legislation passed since 2000 is likewise VOID: report dated 11th April [Archive]].

• So what Mr Van Rompuy was actually saying was that he welcomed the fact that the controllers of the World Revolution have successfully procured that all the top slots in the key Governments are held by criminalist operatives, or are held by blackmailable figures answerable to such forces.

• 14 April: Vice President Biden told ‘inside’ contacts and others specifically that those concerned had to be ‘in place at the banks’ because the payments would now be completed. These and other repeated high-level assurances all turned out to be lies.

• 09-14 April: Amid all this turmoil, we gathered additionally from reliable sources that:

• GRU Prime Minister Vladimir Vladimirovich Putin (Shalomov)
was refusing to speak to ‘President’ Barack Obama.

• President Sarkozy’s fury wasn’t just confined to the episode
at the Washington Nuclear Summit Meeting that was caught on-camera.

• When approached to disgorge some of the funny money stashed in Warsaw following the George W. Bush-era Fraudulent Finance trading fest, the Polish Government, subsequently decimated in the Tupolev air ‘accident’, had responded to the White House and the International Monetary Fund with a form of words consistent with a hand gesture using the first and second fingers.

• 14 April: All of a sudden, the International Monetary Fund announces that it had expanded its New Arrangements to Borrow (NAB) facility from the existing level of $50 billion, by $500 billion, to $550 billion. Now, you are entitled to take the Fund’s public statement covering this development at its face value, if you want to. Alternatively, you could justifiably speculate here that, given the known DUPLICATION PRINCIPLE, $500 billion of the remittances sent over by the Bank of England for the Settlements payouts was ‘suddenly’ ‘made available’ to the Fund. You would be fully entitled to be suspicious, in the light of the timing of this development.

• Meanwhile the Fund’s statement on the expansion of its New Arrangements to Borrow, released on 14th April, issued to the IMF Press Room, reads as follows:

‘The NAB is a standing set of credit arrangements under which participants commit resources to IMF lending when these are needed to supplement quota resources. The newly expanded NAB will become operational when it receives formal acceptances from the required proportion of current and potential participants, which will require legislative backing in some cases’.

‘The expansion of the NAB will make an important contribution to global financial stability, but it is not a substitute for a general increase in the Fund’s resources. The Fund is, and shall remain, a quota-based institution. It is important now that member countries rapidly take the necessary steps to make the increased resources available’.

‘The NAB is a credit arrangement between the IMF and a group of members and institutions to provide supplementary resources to the IMF when these are needed to forestall or cope with an impairment of the monetary system. The NAB is supplementary to quota resources, which are made up of the quota subscriptions that each country pays upon joining the Fund, broadly based on its relative size in the world economy. IMF quotas currently total 217.4 billion Special Drawing Rights (SDRs) (about $330 billion). Like quota allocations, the NAB is reviewed on a regular basis’.

‘The recent unprecedented shock confronting the global economy [Unspoken: due to unfettered Fraudulent Finance – Editor] has led to a sharp increase in the demand for IMF financing’.

‘To ensure that the IMF continues to have sufficient resources to meet demand, leaders of the Group of Twenty (G-20) agreed in April 2009 that immediate financing from members of $250 billion would subsequently be folded into an expanded and more flexible NAB, increased by up to $500 billion. The G-20 leaders then reaffirmed their commitment on 5th September 2009 to a tripling of the resources available to the IMF, from a pre-crisis level of about $250 million…. Pending the entering into force of the expanded NAB, the member countries have pledged more than $300 billion in immediate bilateral financing should the Fund require additional resources for lending’.

However, bearing in mind the DUPLICATION PRINCIPLE on which the shadow Fraudulent Finance system operates, the otherwise unassailable accuracy of this statement can be seen to provide cover for the sudden ‘availability’ of $500 billion, while a further $300 billion of resources is also additionally ‘available’ – close to the $1.0 trillion which we were told recently was the Settlements shortfall. Since de facto the International Monetary Fund takes orders from the White House (the CIA/NSA cadres in the basement), the foregoing formal statement can be treated as cover.

• 15 April: The Securities and Exchange Commission files its Complaint against Goldman Sachs & Co. and its employee Mr Fabrice Tourre [see our report and the complete text, posted on 18th April 2010: Archive]. We are later informed that the filing of this Complaint was a DIRECT consequence of the Complaint filed by Hodges and Associates, of Pasadena, CA, on behalf of certain CMKM victims against the Securities and Exchange Commission, and against top current and former SEC officials [see our report dated 9th January, Archive].

The SEC and personnel accepted service of the Complaint and because the SEC is an official US entity, were given 60 days to respond. Thanks to the sterling work on this matter performed by Tim Barello at Examiner.com, National Edition, very belatedly, a number of outlets have at last realised the significance of this case which we characterised from the outset on 9th January as the biggest legal case in world history. The CMKX victims seek $3.87 trillion in compensation, given that some 2.25 trillion of phantom CMKX shares were floated via a platform associated with the SEC itself during the corrupt Bush II Presidency.

(As you can see from a separate entry here, George W. Bush Jr. appears to be free to roam the world with his former Treasury Secretary, John Snow, having scandalously obtained the demanded immunity from prosecution provided by the World Court in the most disgraceful mass abuse of its powers since that entity was established).

• 16 April onwards: The SEC’s complaint against Goldman Sachs & Co. serves the purpose of obfuscating the CMKX/CMKM case against the Securities and Exchange Commission itself. It also serves the interests of President Obama and the Democrats, with Obama asserting that he will veto any Bill (e.g. from Senator Dodd) which does not discipline the derivatives sector. Obama appears not yet to have caught up with the fact that all securitisation is illegal under US law, so that 100% of these transactions, like legislation passed by the British Parliament since 2000, are null and void. No doubt he is being advised that this issue is academic, as all laws that Obama himself signs into law may turn out to be null and void as well, either contemporaneously or in the future, should it transpire that the man occupies the White House illegitimately.

The consequence of any such ‘finding’, by the way, would amount to treason and might trigger the ultimate penalty (even though he is a tool of the Intelligence Power and a CIA operative himself. As we know, once the Intelligence Power has ‘finished with’ an operative, it is common practice to treat him or her like dirt and to allow them to dangle and rot sine die in the wind, or jail).

• 17 April: The Wall Street Journal reports that the Dutch bank, Rabobank, has filed a further (second) lawsuit against Merrill Lynch, alleging that this entity engaged in activity comparable to Goldman Sachs’ behaviour as explained in the SEC Civil Complaint against Goldman Sachs with Paulson – i.e., devising a Collateralised Debt Obligation (CDO) on behalf of Magnetar, a hedge fund which used it to take a short position, without disclosing this material fact to the investors.

Specifically, Richard Smith wrote: ‘Merrill Lynch & Co. engaged in the “same type of fraudulent conduct” that Goldman Sachs was accused of committing by the US Securities and Exchange Commission in a lawsuit on Friday…. Lawyers for Cooperatieve Centrale Raiffeisen-Boerenleenbak BA, or Rabobank, stated that Merrill Lynch committed a similar fraud in the structuring of a $1.5 billion Collateralized Debt Obligation…’.

‘Rabobank sued Merrill Lynch in New York State Court last year, alleging it was owed about $45 million in a senior secured loan when the CDO defaulted and was liquidated in 2008. The Dutch bank claimed [that] Merrill Lynch misrepresented that the CDO was a carefully structured investment vehicle when Rabobank made a $57.7 million upfront loan in March 2007’.

‘Rabobank claims that the … CDO was a “dumping ground” for impaired subprime assets and was structured with the help of a prized Merrill Lynch hedge fund client as a bet against the mortgage backed securities market’.

• 21 April: The Editor is informed that ongoing ‘real-time’ progress towards the completion of the Settlements payouts is quote proving ‘sensitive and bloody’ unquote. The Editor queried ‘bloody’ and received confirmation that this description was both accurate and intended. The related G-20 meeting takes place at the Spring Meetings in Washington this week.

THEY ARE AVOIDING THE ELEPHANT IN THE ROOM
You will of course have noticed that the SEC Complaint against Goldman Sachs and the Rabobank lawsuit, both address the evidence of Fraud in the Inducement specific to the Fraudulent Finance operations in question. What these cases don’t do is to cut through all the specifically fraudulent breaches of the US 1933 and 1934 Securities Acts etc [see Legal Notes below] and the SEC’s Rules and Regulations, by making it clear that ALL SECURITISATION UNDER U.S. LAW IS ILLEGAL, as you can see from our report dated 18th April 2010 [Archive].

• The elephant stands in every Courthouse dealing with Fraudulent Finance in the United States.

• If all securitisation is illegal, then the frauds committed within this context are of course frauds within overall frauds: a fact of immense significance and sensitivity.

This bizarre state of affairs arises from the fact that all these institutions and entities, INCLUDING THE S.E.C. ITSELF, have been systematically engaged for years in breaking the law. So if they were to concede that securitisation is illegal, WHICH IT IS, they might well fear that their cases would be thrown out by the Courts, since all contracts entered into so as to facilitate fraud and crime, are null and void. The consequences would be unimaginable.

Therefore, the avalanche of Court cases that is confidently anticipated in the aftermath of the SEC Complaint against Goldman Sachs – which will serve the interests of the Democrats this election year as well as the urgent obfuscation needs of the SEC itself – will all themselves be duplicitous, since the SEC and the institutions bringing these lawsuits will, as noted, be pin-pointing specific breaches of the Securities Acts and of SEC Rules and Regulations, when the very activity in which they were engaged was itself fraudulent and criminal in the first place under US law.

No doubt some evil brains had already worked this one out. But since the genie has long since lost sight of the bottle from which it escaped due to the exposures, you can probably see now that the entire Fraudulent Finance derivatives securitisation party resembles the assembly hall against a pillar of which Sampson leaned, when he caused the entire upper storey and roof to fall in on the complacent, jeering spectators feasting within.

GREECE AND PORTUGAL POISED TO DESTROY THE EURO
Under the preceding Greek Government, Citibank, Athens, as we have long since reported, was the counterparty for illicit off-balance sheet derivatives trading operations.

In the United States, all securitisation is illegal [see report dated 18th April 2010]. But this does not apply in non-Common Law countries. Therefore, such dubious, illicit trading operations are ‘semi-legitimised’ by the foreign counterparty’s participation (in the eyes of the US perpetrators).

• As a consequence of this Fraudulent Finance activity, Greece accumulated a huge portfolio of derivative assets held off-balance sheet, which are worthless.

Having been massively engaged in similar Fraudulent Finance activity, as a willing and actively instrumental partner, only to be double-crossed and deceived like every other participating counterparty by the CIA and the Bush Crime Family, Germany has been ‘enronised’, too – and its own cupboard is accordingly bare. Therefore, Germany cannot help Greece (not least given that there are countries like Portugal which are about to ‘blow’ too). Hence, after its usual weeks of bombast, the EU Collective’s necessary decision to ‘bring in the International Monetary Fund’.

In an interview with der Spiegel, Wolfgang Schauble, the German Finance Minister, demanded that Germans should support a joint EU-IMF bailout for Greece with up to 45 billion Euros, in order to avoid a ‘financial meltdown’. And Herr Schauble made the following revealing observations, too:

‘Greece’s debts are all in Euros, but it isn’t clear who holds how much of these debts’ – because under Fraudulent Finance off-balance sheet securitisation arrangements below the radar, nobody has any information about any other tiers of participants. So the German Finance Minister clearly understands the core problem. He therefore elaborated:

‘The consequences of a national bankruptcy would be incalculable. Greece is just as systemically important as a major bank’.

Given the postponement due to the travel restrictions imposed by the stupid European authorities themselves [see above] of talks between officials from the IMF, the European Commission and the European Central Bank at the Greek Foreign Ministry on 19th April, the cost of insuring against a Greek default rocketed upwards. Specifically, five-year Greek Credit Default Swaps surged from 438.2 basis points on 16th April, to a peak level of 4.82 percentage points – meaning that it cost 482,000 Euros to insure every 10 million Euros’ worth of five-year Greek Government bonds.

Portugal’s situation is extremely precarious, with the former IMF Chief Economist, Simon Johnson, on record as stating recently that Portugal is ‘on the verge of bankruptcy’. While its public sector indebtedness, at 84% of Gross Domestic Product (GDP) this year, is lower than Greece’s 124% (2010 estimates by the European Commission), in 2008 Portuguese private sector debt reached 239% of GDP, compared to 123% for Greece. Portuguese private debt is now thought to exceed 300% of its Gross Domestic Product.

WE WARNED THIS WOULD HAPPEN IN THE RUN-UP TO 1999: IT’S ON THE RECORD
Since, during the run-up to Economic and Monetary Union (EMU) in 1999, we repeatedly warned in International Currency Review that the attempt to unify divergent economies and currencies would be bound eventually to collapse, we have very little sympathy for all the hand-wringing that is now fashionable, especially by financial journalists who weren’t around when our clear warnings were published (they remain accessible, of course, in libraries around the world).

Likewise we have even less sympathy for the ideologues who are now reported to be ‘mystified’ as to why the Portuguese economy fell apart in the 1990s – with productivity at 64% of the average for the EU-15 ‘Member States’. The Europhiliacs thought that the southern European ‘Member States’’ economies would converge ‘over time’. But time has been called on their knee-jerk delusions.

A financial correspondent for The Daily Telegraph commented on 19th April:

‘This should be no surprise. A study of the Latin Monetary Union after 1865 by Kee-Hong Bae and Warren Bailey showed that there was no economic convergence for half a century. Weak states cheated, inflating stealthily by dumping silver coins on others. The project was kept alive by French subsidies. That is what haunts Germany today’.

Our heart bleeds. It is the pan-Germans who have masterminded and driven this EU project for generations, but most especially since publication of the Nazi planning compendium Europäische Wirtschaftsgemeinschaft [European Economic Community] in Berlin in 1942 [see the Editor’s works The European Union Collective and The New Underworld Order]. So what we are being told is that the Germans are having to contemplate the bitter taste of the medicine that they prescribed, in their arrogance, for the Rest of Europe.

In prescribing this medicine, they were driven by their hegemony ambitions, rather than by proper consideration of the consequences for their intended satrap EU ‘Member States’. Now, because Germany is itself the biggest storehouse of worthless derivative off-balance sheet fake assets on earth and is therefore effectively bust, it has had to concede that the International Monetary Fund must be involved – which is absolutely NOT what the pan-Germans originally had in mind. On the contrary, their ‘vision’ was that Germany should become not merely the industrial powerhouse of German-controlled Europe after stealing the industries of others, but its financial centre as well.

Given that, like the criminalist operatives at the highest levels in the United States, Germans are typically incapable of discerning when they have been defeated and their game is up, they are persisting – along with the brainwashed leaders of the satrap European ‘Member States’ – with a political project which, whether they choose to accept it or not, is doomed to eventual collapse.

The Greeks basically threatened to pull out of EMU if they didn’t get bailed out (using some pointed remarks about Nazi abuse of Greece in the past); so rather than allow the weak Greek economy to recover through an urgently necessary devaluation of their currency, to save their thick skins they prefer instead to bottle Greece up for generations in a downward spiral of deflation.

The brainwashed Greek Euro-ideologues need to seize the initiative and get out from under, even though it’s being argued, naturally, that this would bankrupt the country as the price of insuring its bonds, already through the roof, would hit the highest level of the building and emerge into the stratosphere. It’s a choice between reviving the economy through a unilateral devaluation having restored the Drachma, or painful descent towards irreversible collapse as a failed state, later.

• And although Portugal’s case is different, the same outcome basically applies.

Believe it or not, ‘Nick’ Clegg, the Liberal Democrat Euro-ideologue who has risen to the top of the British electoral pile due to the stupidity of ‘Conservative’ Central Office’ in allowing Mr Cameron to participate in these fake TV ‘Debates’, is a rabid enthusiast for Britain joining the Euro. He thinks it’s a ‘good thing’ for a country to lose control of its currency, monetary and ultimately fiscal policy. This man is extremely dangerous, a brainwashed Euro-ideologue, and as stupid and pig-headed as the pan-Germans. He can see what is happening in the Eurozone, but looks the other way.

THE IMF’S DOUBLE-TAXATION PROPOSAL FOR BANKS
The IMF Press Room was electrified when the IMF released advance and leaked information from a confidential document prepared for the Group of Twenty (G-20) meeting of Finance Ministers being held this week in Washington. The International Monetary Fund has proposed the following two taxes on (corrupt) financial institutions – which are so unpopular worldwide, that the likelihood of these proposals being implemented must be rated quite high:

• A Financial Stability Contribution, which would represent a levy to finance any future support in an incipient systemic crisis.

• A Financial Activities Tax levied on the sum of profits gained at financial institutions and the remuneration of bank officers and traders. The Fund stated that this tax would be the least distortionary method of raising money from banks.

Meanwhile the latest issue of the Fund’s Global Stability Report has warned that sharply rising sovereign debt will exert further pressures on lending markets coincident with the world’s banks trying to refinance some $5.0 trillion in short-term borrowings – a round-about way of saying that a large number of banks all over the world, are bust.

But the International Monetary Fund also needs to distance itself from any residual whiff of internal corruption. One way of achieving this would be to close internal ‘offshore’ accounts held within the Fund by such dubious characters as former US Presidents, including William Jefferson Rockefeller-Clinton. We know that the dialectical, duplicity norm applies right across this sector. But one would have thought that, with all that has been revealed – and is now swamping the ‘mainstream’ media, despite its belated arrival at the party – it’s definitively clean-up time, at last.

Notes and references:

(1): Eesti Pank: Persoonid ja saladused, Urmas Kaji, Talinn, 2003, page 145.

(2): Ibid, page 140

(3): Kesknädalo, 6th December 2000.

(4): Data on Siim Kallas extracted with permission from a collection of essays by Ashley Mote, former MEP for South East England, and based on an article first published in 2008, confirmed in part by our own separate information.

(5): Weather Eye, Paul Simons, The Times, London, 19 April 2010, page 61.

(6) ‘Days are turned to nights as clouds of falling ash cover everything in sight’, Hildur Helga Sigurdardottir, reporting from Reykyavik, The Times, London, 19th April 2010.

(7): Assets Of Representative Nancy Pelosi: Democrat-CA:

• 1600 Atlas Peak Road, Napa, CA
• 235 Twelve Inc. LLC Common Stock (= 235 Second Twelve Inc. LLC)
• 25 Point Lobos, San Francisco, CA: Commercial Property
• 45 Belden Place, San Francisco, CA: 4-storey commercial building
• 723 Mule Ears Court, Norden, CA: Town home
• 820 Sir Francis Drake Blvd., San Anselmo, CA: Commercial Property
• Access Technology Partners, LP
• Adaytum Software, Inc.: Common Stock
• Advanced Fiber Communications: Public Common Stock
• Agile Software
• Alliance Gaming Corp.: Public Common Stock
• Alter Ego: Common Stock
• Amazon.com: Public Common Stock
• America’s Doctors.com: Common Stock
• Aplion.com: Common Stock
•Apogee Networks, Inc.: Common Stock
•Aristotle Publishing, Inc.: Common Stock
•Ashlar, Inc.: Common Stock
•AT&T Public: Common Stock
•Atipa Fund B (see Oculan Corporation)
•Attenza, LLC: Common Stock
•Auberge du Soleil, Rutherford, CA: Owns resort hotel
•Avaya: Public Common Stock
•Bank of America, San Francisco
•Bank of America, Washington, DC
•Beacon Education Management: Common Stock
•BF Enterprises: Common Stock
•Borel Estate Company: Owns shopping center
•Briazz: Public Common Stock
•Broadcom Corp.: Public Common Stock
•Broadway Property, San Francisco, CA: Real Estate Option
•Builder’s Info. Group: Common Stock (Formerly Netclerk)
•Bullhorn (Formerly Bridgepath LLC: Common Stock)
•Calico Commerce: Public Common Stock
•Chalone Wine Group, Ltd.
•Cierra Photonics: Common Stock
•Cisco Systems, Inc.: Common Stock
•CMGI, Inc.: Common Stocks
•Co-Net (Formerly Simplexis.com): Common Stock
•Coach, Inc.: Public common stock
•Collab.net: Common Stock
•Collaborative Group: Common Stock
•ComCast: Public Common Stock
•Command Audio: Common Stock
•Commerce One, Inc.: Common Stock
•Congressional Credit Union, Washington, DC
•CopperCom, Inc.: Common Stock
•Covalent Technologies: Common Stock
•Critical Path Inc.: Public Common Stock
•Currenex: Common Stock (Formerly FX Trades)
•Digital Fountain: Common Stock
•Digital Intelligence (Now Picture IQCorp)
•EDI Associates, Mill Valley, CA: Hotel Investment
•Emulex: Public Common Stock
•Engage, Inc.: Common Stock
•Evident: Common Stock (Formerly Apogee)
•Fastnet: Common Stock
•Financial Leasing Services, S.F., CA: Investment company
•Forty-Five Belden Corp., S.F., CA: Investment Company
•Genetope Corp.: Public Common Stock
•Getty Images, Inc.: Public Common Stock
•Granite Ventures, LP
•Guru.com: Common Stock (now Unicru)
•IKnowMed Systems, Inc.
•Infospace, Inc.: Public common stock
•Interloci, LLC: Public Common Stock
•Internap Delaware: Common Stock (formerly Internap Network Services)
•Internap Network Services, LLC: Common Stock (= Internap Delaware)
•Internet Cap. Group: Public Stock
•Intraop, LLC: Common Stock
•Japan Partners: Common Stock (AKA Isochron Data Corp.)
•Jet Blue Air: Public Common Stock
•Johnson & Johnson: Public Common Stock
•Learning Technologies, Inc.- Common Stock
•LEG Partners, III, LP: Common Stock
•Liberate Technologies: Public Common Stock
•Lionis Gate Limited Partnership (Cordavalle): Golf Development Partnership
•Lucent Techonolgies: Public Common Stock (Formerly Nexabit)
•LuxN, LLC: Common Stock
•McGrath Rentcorp, Inc.: Public Common Stock
•Microsoft Corp.: Public Common Stock
•MontaVista, LLC: Common Stock
•Mosher Partners, LP, Sacramento, CA: Real Estate Partnership
•Natelli Communities: Real Estate Partnership
•Nautilus Leasing Services: Container leasing company
•Navis Holdings, LLC: Common Stock
•Net2Phone, Inc.: Public Common Stock
•Netcessity: Common Stock
•NetSchools Corp.: Common Stock (Now Plato-Common Stock)
•Niku Corp.: Public Common Stock
•Niman Ranch: Common Stock
•Nine Forty Five Battery, LLC, San Francisco, CA: Real Estate Partnership
•Nine Hundred One Battery, San Francisco, CA: Real Estate Partnership
•Oakwood Homes Corp: Bonds
•Oculan Corp: Common Stock
•Odyssey, LLC: Common stock
•Orlimar, LLC: Common Stock
•Overstock.com: Public Common Stock
•Pacific Island Resources LLC: Common Stock
•Piatti Restaurant Co., Tiburon, CA: Restaurant Opening Company
•Picture IQ Corp.: Common Stock (AKA Digital Intelligence)
•Plato: Common Stock (Formerly Netschools: Common Stock)
•Plumtree Software, Inc.: Common Stock
•Polycom: Public Common Stock
•Potomac Investment Association, Gaithersburg, MD: Real Estate Partnership
•Procure Point: Common Stock
•QIC (Quinton Instrument Company): Public Common Stock (Now Quinton Cardiology Sys., Inc.)
•QualComm, Inc.: Public Common Stock
•Rainmaker Systems, Inc: Common Stock
•Read-Rite Corp, Inc.: Public Common Stock
•Ready Router (Now Netcessity)
•Recommender 2: Common Stock
•Redenvelope: Public Common stock
•REOF V: Real Estate Partnership
•RF Micro Devices, Inc: Public Common Stock
•Robert Half Intl., Inc.: Public Common Stock
•Salesforce.com, LLC: Common Stock
•Salon.com: Public Common Stock
•Shutterfly: Common Stock
•Skellenger Lane, Rutherford, CA: 8-acre vineyard
•Slam Dunk Networks, Inc.
•Sonus Networks, Inc.-Public Stock
•Speakeasy, Inc.: Common Stock
•Spirian, LLC: Common Stock
•Stoneridge, LLC
•Sun Microsystems: Public Common Stock
•Support Inc.: Common Stock (AKA Support Soft, Inc.)
•TeraOp, LLC: Common Stock
•Thirteen Hundred One Sansome, LLC: Real Estate Partnership
•Tripath Technology, Inc.: Common Stock
•Trivium Systems, Inc: Common Stock
•Trux Gate Associates Ltd, Real Estate Partnership
•Unicru Common Stock (Formerly Guru.com)
•Union Bank of California, San Francisco, CA: savings account
•USA DR: Common Stock
•Vanguard Airlines, Inc: Public Common Stock
•Wells Fargo Bank, San Francisco, CA: Savings account
•Witness Sys, Inc.: Public Common Stock
•Xtreme Spectrum, Inc.: Common Stock
•Yantra Corp: Common Stock
•Yerac Associates: Investments
•Zinfandel Lane, St. Helena, CA

(8): ‘Sarkozy shuts out chief spin doctor’, report from Paris by Henry Samuel,
The Daily Telegraph, 13th April 2007.

(9): It should be understood that, self-evidently, obtaining information on such sensitive issues is difficult; and, at best, the only information that may become available is couched in general terms.

NOTICES:
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.

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

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DEFINITIVE ILLEGALITY OF SECURITISATION IS RECONFIRMED

cropped-chrisstory

IT IS ILLEGAL TO ASSIGN AN ASSET WITHOUT THE ASSET-OWNERS’S PRIOR WRITTEN PERMISSION. ALL ENGAGED IN THIS RACKETEERING KNOW IT.

Sunday 18 April 2010 00:01

• ANY CONTRACT ENTERED INTO FOR AN ILLEGAL PURPOSE IS NULL AND VOID

• THE TEXT OF THE S.E.C.’S COMPLAINT AGAINST GOLDMAN SACHS & CO. FILED ON 16TH APRIL 2010 IS AVAILABLE IN THE REPORT ALSO DATED 18TH APRIL. TO ACCESS THE S.E.C. COMPLAINT, PLEASE PRESS ‘BACK TO ARCHIVE’ OR THE ARCHIVE BUTTON [HOME PAGE]. THE REPORT CONTAINS A BRIEF COMMENTARY IN NOTE FORM, THE S.E.C.’S RELATED PRESS RELEASE, AND THE COMPLAINT TEXT. THIS CASE SPECIFICALLY ILLUSTRATES MANY OF THE ISSUES EXPOSED IN THE PRESENT REPORT, WITH DEVASTATING EFFECT AND IMPACT.

• Securitisation is ABSOLUTELY ILLEGAL, and all those talking heads from the City of London and Wall Street who have been treating, for example, the Goldman Sachs scandal (that we warned you about years ago) as just ‘the inevitable fall-out after a period of financial crisis’, rather than the corrupt cause of the crisis, are KNOWINGLY MISLEADING THE GENERAL PUBLIC EXACTLY LIKE GOLDMAN SACHS, CITIBANK, BANK OF AMERICA, WACHOVIA, WELLS FARGO and the other US and foreign financial enterprises engaged in this racketeering. Which the IMF CONDONES.

And before you start shouting at the screen, if you’re reading this from Wall Street or the City of London, or from within the IMF and the World Bank, why don’t you pay attention to the fact that the Notes and References, as originally published in our journal Economic Intelligence Review, run to FIVE AND A HALF PAGES. SECURITISATION IS ABSOLUTELY ILLEGAL: AND THEY KNOW IT.

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.

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NEW REPORT STARTS HERE:

EDITOR’S INTRODUCTION:
That Asset-Backed Securitisation [ABS] is fraudulent has been amply demonstrated by our website reports, in this service and in successive issues of International Currency Review. In the following uncompromising analysis, Mr Michael Nwogugu CPA, who is based in Maryland, demonstrates with pinpoint technical proficiency how accurate this assessment has been – inspired for our part inter alia by the US securities and technical expertise of Michael C. Cottrell, B.A., M.S.

The author has looked at securitisation from every legal angle, and finds securitisation under US law to be absolutely illegal, with no redeeming features whatsoever.

Given this state of affairs, it would damage the integrity of the English language to observe that it is astonishing that, far from paying attention to this glaring state of affairs, US investment banks, intermediaries, organised criminal syndicates, Intelligence Power cadres, officials in high places, and their counterparties abroad, further encouraged inter alia by the railroading behaviour of the Depository Trust and Clearing Corporation (DTCC), have been proceeding to gear up for ‘business as usual’ securitisation operations as though there had been no discontinuity.

In addition to being ILLEGAL UNDER U.S. LAW, securitisation is ILLEGAL UNDER COMMON LAW. If the prior written permission of the mortgagor (or other type of asset-holder) has not been obtained in writing, and in such a manner that the party IS FULLY AWARE THAT THEY HAVE GRANTED SUCH PERMISSION, the transfer and all subsequent transactions are ILLEGAL.

• Moreover, the legal axiom that ‘the money you make from exploitaing and abusing my money is my money’ likewise applies. PLUS:

• ANY CONTRACT ENTERED INTO FOR AN ILLEGAL PURPOSE IS NULL AND VOID.

Self-evidently, this study focuses on the US legal position. But the same basic principles apply in all Common Law Countries. So far, the talking heads in the so-called ‘Mainstream’ Media’ have chosen to ignore the fact that securitisation is ILLEGAL. Reality will soon be catching up with them, just as it is at last catching up with the likes of Goldman Sachs and other ‘protected’ enterprises.

REPRODUCED FROM:
ECONOMIC INTELLIGENCE REVIEW, VOLUME 12, NUMBERS 7 & 8, FIRST QUARTER 2010: pages 4-21. World Reports Limited, 108 Horseferry Road, Westminster, London SW1P 2EF, UK.

EXECUTIVE SUMMARY [REPRODUCED FROM OUR REPORT DATED 10TH MARCH 2010]:

WHY SECURITISATION IS ILLEGAL UNDER U.S. AND COMMON LAW
Securitisation is illegal under US legislation – primarily because it is fraudulent and causes specific violations of R.I.C.O., usury, Antitrust and bankruptcy laws. And it flies in the face of public policy in numerous ways, as was expounded in extensive detail in this analysis published in our journal Economic Intelligence Review 2009Q1 with several pages of book, article and case references.

To begin with, securitisation violates US State usury legislation. Secondly, all ‘true-sale’, ‘disguised loan’ as well as ‘assignment’ securitisations are essentially tax evasion schemes, and the penalties for tax evasion in the United States are excessively severe.

Thirdly, in all ‘true-sale’, ‘disguised loan’ and ‘assignment’ securitisations, the conflict of interest inherent in the sponsor also serving as the servicer constitutes fraud and conversion. In the fourth place, in all ‘true-sale’, ‘disguised loan’ and ‘assignment’ securitisations where the Special Purpose Vehicle [SPV] is a trust, the declaration of trust is void, as it exists for an illegal purpose.

In the fifth place, off-balance sheet treatment of asset-backed securities (both for ‘true-sale’ and for assignment transactions) constitutes fraud.

Sixth, all ‘true-sale’, ‘disguised loan’ and ‘assignment’ securitisations involve blatant fraudulent conveyances. In the seventh place, securitisation usurps United States bankruptcy laws and is accordingly illegal, as well as being also demonstrably contrary to public policy.

SECURITISATION ENTAILS GROSS VIOLATIONS OF R.I.C.O. STATUTES
In ‘true-sale’, ‘disguised loan’ and ‘assignment’ securitisations, there are fraudulent transactions which serve as ‘predicate acts’ under US Federal R.I.C.O. statutes.

The specific R.I.C.O. sections are: Section 1341 (mail fraud); Section 1343 (wire fraud); Section 1344 (financial institution fraud); Section 1957 (engaging in monetary transactions improperly derived from specified unlawful activity) [‘the money you make from the illegal exploitation of my money, is my money’]; and Section 1952 (racketeering).

Furthermore, securitisation constitutes violations of American antitrust statutes through market integration, syndicate collusion, price formation, vertical foreclosure, tying, price-fixing, predatory pricing, and the rigging of allocations.

Securitisation also involves void contracts, given the lack of consideration, illusory promises, the absence of any actual bargain, the absence of mutuality – and finally illegal subject matter and the contravention of public policy.

Securitisation is riddled with Fraudulent Transfer, Fraud in the Inducement, Fraud in Fact by Deceit, Theft by Deception (Fraudulent Concealment) and Fraudulent Conveyance: see the US securities regulations routinely breached in such activity, listed at the foot of this report and of most of these reports for THE PAST THREE++ YEARS, and other laws also routinely flouted in this context.

NOTWITHSTANDING THAT IT’S ILLEGAL, U.S. AUTHORITIES
CONTINUE TO PROMOTE AND ENCOURAGE SECURITISATION
Yet notwithstanding such crystal-clear indications that securitisation is 100% ILLEGAL under US Law, as well as under Common Law generally (so that these findings are largely applicable in all Common Law countries), US authorities from the highest level downwards, financial institutions, intermediaries, Intelligence Power operatives and others are gearing up for what they doubtless hope will be intensified racketeering and trading activity with (corrupt) foreign counterparties.

This behaviour is being fine-tuned ‘as we speak’, despite the reality that the securitisation activity being planned and implemented violates innumerable US statutes in the manner we summarise above, and notwithstanding that such activity is contrary to public policy. TAnd the International Monetary Fund knows all this perfectly well, yet sits idly by, accommodating this racketeering.

Indeed, it’s as though the Rule of Law did not exist. From the highest level of the US Treasury, the White House, the US State Department and the Central Intelligence Agency and its subsidiaries such as the lethal Office of Naval Intelligence (ONI), the mindset, intention and perverse primary objective has all along been to resume Fraudulent Finance based on securitisation, as quickly and as seamlessly as possible. The IMF and World Bank are parties to thus aberrant behaviour.

SUMMARY FORENSIC ANALYSIS PROVING THE ILLEGALITY OF SECURITISATION
From whichever angle securitisation is considered, it is ILLEGAL. For example, the contracts are themselves VOID. This is because the process of securitisation involves several contracts that are either signed simultaneously, or within a short timeframe – many of which are rendered void inter alia because there is no consideration in contracts used in effecting the securitisations.

Many such contracts involve unilateral executory undertakings containing illusory promises. A unilateral executory promise is not a consideration. Such promises typically include a promise made by the Special Purpose Vehicle to pay out periodic interest, whether contingent or non-contingent on whether the collateral pays cash interest.

Collateral-substitution agreements contain a promise whereby the sponsor agrees to substitute impaired collateral. An assignment agreement of future (not yet existing) collateral may well be deemed a unilateral executory promise by the sponsor.

Illusory promises are not valid consideration for a contract. Such promises may be found in the Subscription/Purchase Agreement, whereby an existing asset is being exchanged for a future asset that does not exist as of the date of the subscription/purchase agreement. To make matters worse, none of the agreements typically signed by the investor as part of his/her purchase of the Special Purpose Vehicle’s Asset-Backed Securities expressly incorporates the (typically illusory) promises embodied in the offering prospectus.

OR: The Special Purpose Vehicle’s promise to pay interest and/or dividends on Asset-Backed Securities ‘Interest-Onlys’, Preferreds and ‘Pincipal-Onlys’ are essentially illusory promises because the underlying collateral may not produce any cash flows at all: so there won’t be any interest/dividend payments.

Moreover the lack of mutuality characterising such contracts renders them null and void, by definition. In any such contract, each party must have firm control of the subject matter of the contract and the underlying assets (consideration), and there MUST be a direct contractual relationship between the parties concerned.

But this is not the case, especially as the Special Purpose Vehicle’s corporate documents (trust indentures or bylaws or articles of incorporation) may typically limit the right of each Asset-Backed Security investor; while there is typically no mutuality at all between the Special Purpose Vehicle and the sponsor/originator, because both entities are essentially the same, and are controlled by the sponsor before and after the securitisation takes place.

SECURITISATION: A COVER FOR TAX EVASION
In addition to their multiple violations of American State usury laws, all ‘true-sale’, ‘disguised loan’ and ‘assignment securitisations’ are essentially tax evasion arrangements. In the United States, the applicable tax evasion statute is the US Internal Revenue Code Section 7201 7 which reads: “Any person who willfully attempts in any manner to evade or defeat any tax imposed by this title or the payment thereof shall, in addition to other penalties provided by law, be guilty of a felony and, upon conviction thereof, shall be fined not more than $100,000 ($500,000 in the case of a corporation), or imprisoned not more than 5 years, or both, together with the costs of prosecution”.

Under this statute and related case law, prosecutors
must prove three elements beyond any reasonable doubt:

(1): The actus reus (the guilty conduct) – which consists of an affirmative act (not merely an omission or failure to act) that constitutes evasion or an attempt to evade either: (a) the assessment of a tax or (b) the payment of a tax.

(2): The mens rea or “mental” element of willfulness – the specific intent to violate an actually known legal duty. In the case of ‘true sale’ transactions, the tax evasion occurs because:

(a): The sponsor determines the price at which the collateral is transferred to the SPV, and hence, can arbitrarily lower/increase the price to avoid capital gains taxes – it being assumed here that the sponsor is a profit-maximising entity and will always act to minimise its tax liability and to avoid any tax assessment;

(b): The sponsor typically retains a ‘residual’ interest in the SPV in the form of IOs, POs and “junior pieces”, which are typically taxed differently and on a different tax-basis compared with the original collateral: hence, the sponsor can lower the price of the collateral upon transfer to the SPV, and convert what would have been capital gains, into a non-taxable basis in the SPV “residual”;

(c): There is typically the requisite “intent” by the sponsor – evidenced by the arrangement of the transaction and the transfer of assets to the Special Purpose Vehicle;

(d): Before securitisation, collateral is typically reported in the sponsors’ financial statements at book value (that is, lower-of-cost-or-market: under both the US and the international accounting standards, loans and accounts receivable are typically not re-valued to market-value unless there has been some major impairment in value) which does not reflect true Market Values, and results in effective tax evasion on transfer of the collateral to the SPV, as any unrealised gain is not taxed;

(e): The actus reus is manifested by the execution of the securitisation transaction and transfer of assets to the Special Purpose Vehicle (SPV);

(f): The mens rea or specific intent is manifested by the elaborate arrangements implicit in securitisation transactions, the method of determination of the price of the collateral to be transferred to the SPV, the aims of securitisation, and the sponsor’s transfer of assets to the SPV;

(g): The unpaid tax liability consists of foregone tax on the capital gains from the collateral (the transaction is structured to avoid recognition of capital gains), and tax on any income from the collateral which is ‘converted’ into basis or other non-taxable forms;

(h): Income (from the collateral) that would have been taxable in the sponsor’s own financial statements, is converted to a non-taxable basis in the form of the SPV’s Interest-Only (IO) and Principal-Only (PO) securities: part of the Interest-Spread (the difference between the SPV’s income and what it pays as interest and operating costs) is paid out to PO-holders, and this transforms interest into return-of-capital or just capital repayment, with no tax consequences.

In cases of ‘disguised loan’ or ‘assignment’ securitisation transactions, tax evasion occurs:

(a): Because the sponsor determines the price at which the collateral is transferred to the SPV, and hence can lower/increase the price of the collateral to avoid capital gains taxes;

(b): Because the sponsor typically retains a ‘residual’ interest in the SPV which is normally taxed differently and on a different tax-basis compared to the original collateral: hence, the sponsor can lower the price upon transfer to the SPV, and convert what would have been capital gains, to a non-taxable basis for tax purposes;

(c): Because the transfer of collateral to the SPV and the creation of Interest-Only and Principal-Only securities converts what would have been taxable capital gains into non-taxable basis;

(d): Because gain in the value of the collateral is not recognised for tax purposes, because there has not been any ‘sale’;

(e): Where the Asset-Backed Security (ABS) is partly amortising, any capital gains are converted into interest payments;

(f): Because actus reus is manifested by the execution of the securitisation transaction and transfer of assets to the SPV;

(g): Because the mens rea or specific intent is manifested by the elaborate arrangements implicit in securitisation transactions, the objectives of securitisation and the sponsor’s transfer of assets to the Special Purpose Vehicle;

(h): Because the unpaid tax liability consists of tax on the capital gains from the transfer of the collateral (the transaction is structured to avoid recognition of a sale, whereas the transfer to the Special Purpose Vehicle is effectively a sale), and tax on any income from the collateral which is ‘converted’ into basis or other non-taxable forms, by securitisation.

SECURITISATION VIOLATES THE U.S BANKRUPTCY CODE
AND THEREFORE ALSO CONTRAVENES PUBLIC POLICY
Any transfer or conveyance of the assets of a debtor that is deemed to be made for the purposes of hindering, delaying or defrauding actual or potential creditors, may be determined by Courts to be a Fraudulent Conveyance under Section 548 of the US Bankruptcy Code or under a relevant theory of Constructive Fraud.

Although each US State has its own laws regarding the appropriate elements of proof of Constructive Fraud, Section 548(a)(2) of the US Bankruptcy Code permits an inference of Constructive Fraud if the following factors exist:

(1): The debtor received less than reasonably equivalent value for the property transferred; and:

(2): The debtor was insolvent or became insolvent as a result of the transfer, or else retained unreasonably small capital after the transfer, or made the transfer with the intent or belief that it would incur debts beyond its ability to pay.

The following theories of Fraudulent Conveyance within the context of securitisation may apply:

• Where the sponsor/originator receives insufficient value for assets transferred.

• Where there is an ‘intent to hinder, delay or defraud’ creditors (representing an implicit pre-petition waiver of one’s right to file for bankruptcy), with regard to the originator’s transfer of assets to the SPV, or the originator’s transfer of assets to the SPV has clearly not been undertaken on an arms’-length basis.

• Where securitisation increases the originator’s bankruptcy risk; and:

• In all instances where securitisation usurps the United States’ bankruptcy laws and is therefore illegal on such a basis alone.

SECURITISATION VIOLATES FEDERAL R.I.C.O. STATUTES
Turning now to the reality that securitisation constitutes a violation of US Federal R.I.C.O. Statutes [see Legal Notes below], we can state without equivocation that the entire securitisation process constitutes violations of Federal R.I.C.O. statutes, because:

(1): There is the requisite criminal or civil ‘enterprise’ – consisting of the sponsor/issuer, the trustees and the intermediary bank. These three parties work closely together to effect the securitisation transaction.

(2): There are ‘predicate acts’ of:

(a): Mail fraud – using the mails for sending out materials among themselves and to investors.

(b): Wire fraud – using wires to engage in fraud by communicating with investors.

(c): Conversion – where there isn’t proper title to collateral.

(d): Deceit: misrepresentation of issues and facts pertaining to the securitisation transaction.

(e): Securities fraud: disclosure issues.

(f): It entails loss of profit opportunity.

(g): It involves the making of false statements and or misleading representations
about the value of the collateral.

(h): It entails stripping the originator/issuer of the ability to pay debt claims or judgment claims in bankruptcy court – a state of affairs that may apply where the sponsor is financially distressed and the cash proceeds of the transaction are significantly less than the value of the collateral.

There is also typically the requisite ‘intent’ by members of the enterprise – evident in knowledge (actual and inferable), acts, omissions, purpose (actual and inferable) and results. Intent can be reasonably inferred from:

(a): The existence of a sponsor that seeks to raise capital – and cannot raise capital on better terms by other means;

(b): The participation of an investment bank that has very strong incentives to consummate the transaction on any agreeable (but not necessarily reasonable) terms.

SECURITISATION ALSO VIOLATES U.S. ANTITRUST LEGISLATION
Securitisation further constitutes violations of US Antitrust laws, because the American Asset-Backed Securities and Mortgage-Backed Securities markets are dominated by relatively few large entities such as FNMA (Fannie Mae), Freddie Mac, the top five investment banks (all of which have conduit programs), and the top five credit card issuers (MBNA, AMEX, Citigroup, etc.), etc.. As a consequence, the top five ABS/MBS issuers control more than 50% of the US ABS/MBS market.

• This constitutes illegal market concentration under US Antitrust legislation.

THE ‘PHILIPPINES EXCEPTION’ BURIED IN THE CLAYTON ACT
In the Antitrust context, however, observe the following text from the Clayton Act, which specifically EXCLUDES transactions undertaken with The Philippines. Isn’t that interesting?

It provides a blanket rationale for the massive past and ongoing US clandestine focus on The Philippines, the CIA’s need for ‘black hole’ conditions there in connection with successive US operations to relieve Presidents Marcos and Aquino of the stolen and hidden ‘Yamashita’s gold’, the US Fraudulent Finance operations using Philippine institutions and related operations based in that territory, an aborted US operation to convert The Philippines into a new US State (as had been planned under Clinton for Somalia), and the frequent visits of operatives known to ourselves to The Philippines under cover of attending to ‘orphanages’:

§ 1 Clayton Act, 15 U.S.C. § 12 Definitions; short title:
(a) “Antitrust laws”, as used herein, includes the Act entitled:
‘An Act to protect trade and commerce against unlawful restraints and monopolies’, approved July second, eighteen hundred and ninety; sections seventy-three to seventy-seven, inclusive, of an Act entitled ‘An Act to reduce taxation, to provide revenue for the Government, and for other purposes’, of August 27th, eighteen hundred and ninety-four; an Act entitled ‘An Act to amend sections seventy-three and seventy-six of the Act of August twenty-seventh, eighteen hundred and ninetyfour’, entitled ‘An Act to reduce taxation, to provide revenue for the Government, and for other purposes’, approved February twelfth, nineteen hundred and thirteen; and also this Act.

‘Commerce’, as used herein, means trade or commerce among the several States and with foreign nations, or between the District of Columbia or any Territory of the United States and any State, Territory, or foreign nation, or between any insular possessions or other places that are under the jurisdiction of the United States, or between any such possession or place and any US State or Territory of the United States or the District of Columbia or any foreign nation, or within the District of Columbia or any Territory or any insular possession or other place under the jurisdiction of the United States:

Provided, That nothing in this Act contained shall apply to the Philippine Islands. The word ‘person’ or ‘persons’ wherever used in this Act shall be deemed to include corporations and associations existing under or authorized by the laws of either the United States, the laws of any of the Territories, the laws of any State, or the laws of any foreign country.

FANNIE MAE, FREDDIE MAC ENGAGED IN FURTHER ILLEGAL SECURITISATION:
RE-SECURITISING ALREADY SECURITISED ‘DUD’ ASSETS TO DUMP BACK ON THE BANKS
Even so, it became apparent in early March that Fannie Mae and Freddie Mac, both controlled by the US Government, were planning to force financial enterprises such as the CIA’s Bank of America Corporation, JP Morgan Chase & Co, Wells Fargo and Citigroup, Inc., to buy back further waves of newly securitised packages of mortgages – i.e., the former Government-Sponsored Enterprises are reportedly engaged again in repackaging mortgage securities already marked down to ‘true’ value.

In other words, they are trying to dump faulty securitised loans, as well as straight loans, back on the participating banks – under cover of such fantasies as the double-minded statement attributed to Sharon McHale, spokes‘person’ for Freddie Mac, located adjacent to the CIA in McLean, Virginia, on 5th March 2010: ‘We are trying to be good stewards of taxpayer dollars and as part of that, it’s important that those dollars not go to loans that should not have been sold to us in the first place’ – throwing the blame for Freddie Mac’s own scandalous racketeering behaviour back at the banks.

• Being interpreted, what this woman was saying was: this:

‘We are covering ourselves with a mantle of rectitude by posing as protectors of the taxpayer’s dollars in order to obfuscate our own ongoing racketeering behaviour, even as we prepare further Fraudulent Finance securitisations in violation of the relevant US legislation: and we couldn’t care less because we are owned by the Government itself, which is up to its neck in such violations’.

And Paul Miller, a former examiner for the Federal Reserve (hardly a guarantee of integrity, given the Fed’s own reputation for Fraudulent Finance), based in Arlington, VA, let the cat out of the bag with: ‘If you want to originate mortgages and keep that pipeline running, you have to deal with the push-backs. It doesn’t matter how much you hate Fannie and Freddie’ – and neither, apparently, does it matter to what extent the Rule of Law is cynically violated ‘in order to keep the pipeline (of Fraudulent Finance) running’. It doesn’t matter that securitisation is a form of racketeering.

GARY GENSLER IS NOT AS OPPOSED TO FRAUDULENT FINANCE AS HE SEEMS
The appointment of Gary Gensler as Chairman of the Commodity Futures Trading Commission under President Obama was greeted with signs of relief on Wall Street. Here was a hardened former Goldman Sachs trader with 18 years’ experience with that cynical, ruthless money shop, who could be relied upon to act at all times in the interests of Wall Street, not the investor and taxpayer.

But, as has since been reported elsewhere, over a private lunch at the Waldorf Astoria in midtown Manhattan on 6th January 2010, the 52-year-old Gary Gensler caused indigestion among the self-satisfied guests at the luncheon – Timothy O’Hara, head of global credit at Crédit Suisse Holdings USA, Inc.; Robert P. Kelly, CEO at Bank of New York Mellon Corporation; David B. Heller, co-head of the securities division at Goldman Sachs; and Seth Waugh, CEO of Deutsche Bank Americas.

Because when one banker asked Gensler what or whom he saw as the biggest obstacles to reform in the securities and commodities sectors, he replied: ‘You’.

Mr Gensler has been seeking derivatives control legislation that goes beyond current proposals, including what President Obama put forward during the summer of 2009. Notwithstanding the fact that if the derivatives situation is not addressed, the forthcoming crash will be so horrific as to be likely to tip the world into open, rather than covert, warfare, a certain Dr Samuel Hayes, Professor Emeritus of Investment Banking at Harvard Business School, Boston, told Bloomberg in February 2010 that ‘Gensler is going to raise real concerns’ for financial firms.

‘Derivatives are absolutely central to what is Wall Street in the 21st century’ – namely, a casino. ‘Nobody wants the regulations to affect them’.

‘GREATER TRANSPARENCY’ IS EVIDENTLY ALL HE‘S AFTER
On closer examination, Mr Gensler has actually been pushing for ‘more transparency’ in the over-the-counter derivatives market, so as to lower spreads between buyers and sellers and to make it easier for new competitors to enter the market – which the big banks aren’t keen on, as more participants will deprive them of profit.

So, Gary Gensler is not actually in the business of tackling the underlying crisis arising from the determination of financial institutions to continue playing Russian roulette, using the model first developed by the US Intelligence Power as it sought what it thought were foolproof methods of ensuring its financial independence from Congress and the open-ended funding pipelines that it considered appropriate to buttress its usurped status as a recalcitrant ‘State within the State’ impervious to reform and determined to brook no interference with its stolen hegemony.

INVESTORS’ MONEY USED TO REMUNERATE WALL STREET
In any case, the derivatives institutions and their back-up infrastructure have not the slightest intention of adopting any course other than ’business as usual‘ – and on a far larger scale than in the past. This obtuse madness WILL lead to a global collapse, as derivatives products are usually without real value. As a noted article in The New York Times of 7th February 2010 at last stated, investment banks trading derivatives do not own the mortgage bonds, the obligations from home owners, notes signed by home owners or the mortgage deeds of the deeds of trust.

The ‘structured products’, consisting of bundled documents ostensibly relating to the above but having NO RECOURSE to underlying real value, were, however, invested with ‘value’ arising from the name of the institution marketing the ‘asset’ – that is to say, arbitrary ‘value’ arising from the fact that, as a Goldman Sachs compliance officer actually admitted to the Editor of this service: ‘A structured product is worth what someone is prepared to pay for it’ – a penetrating statement which encapsulates the possibility that it may be (is) worthless: which is indeed the case.

‘THE MONEY YOU MAKE BY MISUSING MY MONEY IS MY MONEY’ – I.E., THE HOME OWNER’S
The money sloshing around between investment banks in this dirty market was investors’ money unwittingly advanced into pools of capital which winds up being used primarily to finance the fees, profits, insurance proceeds, insurance premia, and so forth – all for the benefit of Wall Street, paid to the investment banks, and not to investors who stumped up the money in the first place.

These fees and relationships are not and have never been disclosed to the home owner despite, in the United States, clear legislation requiring such transparency, including the Truth in Lending Act, and Deceptive Lending – which require full transparency and disclosure.

• Further legislation applicable to the securities sector in the United States is re-listed below – in the list that we have republished at the foot of our website reports for the past three years.

• The list of applicable securities regulations and laws is augmented by a legal tutorial which, again, we have published for the past three years at the foot of these reports,

It would appear that, notwithstanding such reminders, Wall Street and its compliant infrastructure, as well as its co-conspiring portfolio of dubious foreign trading counterparty institutions, has every intention of continuing to violate the relevant US rules and legislation – while at the same time continuing to abuse, in the mortgage sector, the home owner with the same cynicism as in the past.

Given the legal principle that ‘the money you make from misusing my money is my money’, it is quite clear that undisclosed fees, profits, kickbacks and other financial abuses perpetrated by these big speculative financial entities which produce no real wealth at all, but simply move money around between themselves, are payable to the home owner who signed the ‘loan’ papers in the first place.

THE ILLEGALITY OF SECURITIZATION
A legal analysis by MICHAEL NWOGUGU,
Certified Public Accountant (Maryland, USA); B.Arch.
(City College of New York). MBA (Columbia University).
Attended Suffolk Law School (Boston, USA).

Abstract:
Under US laws, securitization is illegal, primarily because it is fraudulent and causes very specific violations of R.I.C.O., usury, and antitrust laws. Securitization of many types of assets (loans, credit cards, auto receivables, intellectual property, etc.) has become and remains prevalent, particularly for financially distressed companies and companies with low or mid-tier credit ratings. This analysis focuses on securitization as it pertains to asset-backed securities and mortgage-backed securities, and analyzes critical legal and corporate governance issues.

Editor’s Note: This analysis does not elaborate that the illegal securitization model was developed and hijacked by the criminalised Intelligence Power, which is our contribution to the issue; but that is the sum of the matter, to be kept in mind at all times.

Keywords:
Securitization; antitrust; R.I.C.O.; constitutional law; capital markets; complexity; fraud.
[Some American English spelling has been retained].

Main abbreviations:
ABS = Asset-Backed Securities; SPV = Special Purpose Vehicle.

EDITOR’S INTRODUCTION
Under US legislation, securitization is illegal. Indeed many authors have illustrated the deficiencies in securitization (1). This analysis focuses on securitization as it pertains to asset-backed securities and mortgage-backed securities (2), (3).

The existing literature on legal and corporate governance issues pertaining to securitization is extensive, but has several gaps that have not been addressed at all or sufficiently:

• Whether securitization is legal.
• Whether securitization causes usury.
• The standards for usurious loans/forbearance.
• The specific components of cost-of-capital, for purposes of assessing usury violations.
• Antitrust liability in securitization transactions.
• Federal/State R.I.C.O. liability in securitization transactions.
• The constitutionality of securitization transactions.
• The validity of contracts used in effecting securitization transactions.
• Whether securitization usurps the purposes of the US Bankruptcy Code.

This analysis seeks to fill these significant gaps in the literature [and to answer questions vexing the US and international financial markets, for the definitive elimination of doubt – in support of our long-standing demonstration that securitization and the creation and marketing of ‘structured products’ represents serious fraud – Ed.].

Although the following analysis is supported with US case law, the principles derived are applicable to securitization transactions in both common-law countries and civil-law countries – which means that they are applicable in, for instance, the United Kingdom. In analyzing the legality of securitization, the following criteria are relevant:

• Origins and history of securitization – legislative history, evolution of securitization processes, and current practices. Carlson (1998), Janger (2002) and Lupica (2000) (4) trace the known history of US securitization to direct and specific efforts/collaborations to avoid the impact of US bankruptcy laws. Klee & Butler and other authors have traced the history of securitization to attempts to handle the problem of non-performing debt.

• Types of contracts used in securitization:

The primary criteria for enforceability.

• Purposes, wording and scope of applicable laws – state contract laws, State trusts laws, US Bankruptcy Code, and State/Federal securities laws. The legislative intent of the US Congress in drafting and revising the US Bankruptcy Code.

• How the applicable laws are applied in securitization processes – by market participants, regulators and lawyers that represent investors.

•The people, markets, and entities and organizations affected by securitization.

• The usefulness of existing (if any), possible and proposed (if any) deterrence measures designed to reduce fraud/crime/misconduct [such as has been extensively reported by this service, and in International Currency Review – Ed.].

• Transaction costs.

• The results and consequences of the application (or non-application) of relevant laws.

A: SECURITIZATION VIOLATES STATE USURY LAWS
Securitization violates State usury laws, because the resulting effective interest rate typically exceeds legally allowable rates (set by State usury laws) (5). There is substantial disagreement (conflicts in case-law holdings) among various US court jurisdictions, and also within some judicial jurisdictions, about some issues; and these conflicts have not been resolved by the US Supreme Court 6. On these issues, even the cases for which the US Supreme Court denied certiorari, vary substantially in their holdings. The pertinent issues are as follows:

1: What constitutes usury.
2: What costs should be included when calculating the effective cost-of-funds.
3. What types of forbearance qualify for applicability of usury laws.
4: Conditions for pre-emption of state usury laws. Where the securitization is deemed an assignment of collateral, the effective cost-of-funds for the securitization transaction is not the advertised interest cost (investor’s coupon rate) of the ABS securities, but rather the sum of the following elements:

• The greater of the sponsor’s/originator’s annual cost-of-equity (in percentages) or the percentage annual cash yield from the collateral (in a situation where the SPV’s corporate documents expressly state that the Excess Spread should be paid to the sponsor, the Excess Spread should be subtracted from the resulting percentage). The Excess Spread is defined as the Gross Cash Yield From The Collateral, minus the interest paid to investors, minus the Servicing Expense (paid to the servicer), minus Charge-offs (impaired collateral).

• The Amortized Value Difference:
The difference prevailing between the Market Value of the collateral, and the amount raised from the ABS offering (before bankers’ fees), which is then amortized over the average life of the ABS bonds (at a discount rate equal to the US Treasury Bond rate of same maturity) and then expressed as percentage of the market value of the collateral. This difference can range from 10-30% of the Market Value of the collateral, and is highest where there is a senior/junior structure, and the junior/first-loss piece serves only as credit enhancement.

• Amortized Total Periodic Transaction Cost:
The Pre-offering Transaction Costs are amortized over the average life of the ABS, a rate equal to the interest rate on an equivalent-term US Treasury bond. The Periodic Transaction Costs are then added to the Amortized Pre-offering Transaction Costs to obtain Total Periodic Transaction Cost which is expressed as a percentage of the value of the pledged collateral.

The Pre-offering Transaction Costs include external costs (underwriters’ commissions/fees, filing fees, administrative costs (escrow, transfer agent, etc.), marketing costs, accountant’s fees, legal fees, etc.) and internal costs incurred solely because of the securitization transaction (namely, costs incurred internally by the sponsor/originator, viz. direct administrative costs, printing, etc.). Periodic Transaction Costs = admin. costs, servicing fees, charge-off expenses, escrow costs.

• Foregone Capital Appreciation:
The foregone average annual appreciation/depreciation of the value of the collateral minus the interest rate on demand deposits, with the difference expressed as a percentage of the Market Value of the collateral.

The sum of these four elements is typically greater than state-law usury benchmark rates.

Where the securitization is deemed a ‘true-sale’, there is an implicit financing cost which is typically usurious, because it is equal to the sum of the following:

• Base Cost of Capital:
The greater of the sponsor’s or originator’s annual weighted-average-cost-of-capital, or the annual percentage yield from the collateral.

• The Amortized Total Periodic Transaction Cost:
The Pre-Securitization Transaction Costs paid by the sponsor or originator and directly attributable to the offering is amortized over the life of the ABS, at a rate equivalent to the interest rate on an equivalent-term US Treasury bond, and the result (the Amortized Pre-Securitization Costs) is then added to the Periodic Transaction Costs for only one period in order to obtain the Total Periodic Transaction Cost, which is then expressed as a percentage of the market value of the collateral. This is the Amortized Total Periodic Transaction Cost.

The Pre-Securitization Transaction Costs include external costs (underwriters’ commissions/fees, filing fees, administrative costs (escrow, transfer agent, etc.), marketing costs, accountant’s fees, legal fees, etc.) and internal costs incurred solely because of the securitization transaction (viz. costs incurred internally by the sponsor/originator, namely direct administrative costs, printing). Periodic Transaction Costs = admin. costs, servicing fees, charge-off expenses, escrow costs.

• The Value Difference:
This is the difference between the Market Value of the collateral, and the amount raised from the ABS offering (before bankers’ fees), is amortized over the average life of the ABS bonds and the result is then expressed as percentage of the Market Value of the collateral.

• This difference can range from 10 to 30%, and is highest where the senior/junior structure is used and the junior piece serves only as credit enhancement.

• Amortized Unrealized Losses:
Any unrealized loss in the carrying amount of the collateral, is amortized over the estimated average life of the ABS, and the result for one period is expressed as a percentage of the book value of the collateral. Most Asset-Backed Securities collateral data are recorded in financial statements at the lower-of-cost-or-market.

• Foregone Capital Appreciation:
foregone average annual appreciation/depreciation of the value of the collateral minus the interest rate on demand deposits, with the difference expressed as a percentage of the Market Value of the collateral. The sum of these elements is typically greater than state-law usury benchmark rates.

B: ALL ‘TRUE-SALE’, DISGUISED LOAN’ AND ‘ASSIGNMENT
SECURITIZATIONS ARE ESSENTIALLY TAX-EVASION SCHEMES
In the United States, the applicable tax evasion statute is the US Internal Revenue Code Section 7201 7 which reads as follows: “…….Any person who willfully attempts in any manner to evade or defeat any tax imposed by this title or the payment thereof shall, in addition to other penalties provided by law, be guilty of a felony and, upon conviction thereof, shall be fined not more than $100,000 ($500,000 in the case of a corporation), or imprisoned not more than 5 years, or both, together with the costs of prosecution………”.

Under this statute and related case law, prosecutors
must prove three elements beyond a reasonable doubt:

(1): The actus reus (the guilty conduct) – which consists of an affirmative act (and not merely an omission or failure to act) that constitutes evasion or an attempt to evade either: (a) the assessment of a tax or (b) the payment of a tax.

(2): The mens rea or “mental” element of willfulness –
the specific intent to violate an actually known legal duty.

In the case of ‘true sale’ transactions, the tax evasion (8) occurs because:

(a): The sponsor determines the price at which the collateral is transferred to the Special Purpose Vehicle and hence, can arbitrarily lower/increase the price to avoid capital gains taxes – it being assumed here that the sponsor is a profit-maximizing entity and will always act to minimize its tax liability and to avoid any tax assessment;

(b): The sponsor typically retains a ‘residual’ interest in the SPV in the form of IOs, POs and “junior pieces”, which are typically taxed differently and on a different tax-basis compared with the original collateral: hence, the sponsor can lower the price of the collateral upon transfer to the SPV, and convert what would have been capital gains, into a non-taxable basis in the SPV “residual”;

(c): There is typically the requisite “intent” by the sponsor – evidenced by the arrangement of the transaction and the transfer of assets to the Special Purpose Vehicle;

(d): Before securitization, collateral is typically reported in the sponsors’ financial statements at book value (lower-of-cost-or-market: under both American and international accounting standards, loans and accounts receivable are typically not re-valued to market-value unless there has been some major impairment in value) which does not reflect true Market Values, and results in effective tax evasion upon transfer of the collateral to the SPV because any unrealized gain is not taxed;

(e): The actus reus is manifested by the execution of the securitization transaction and transfer of assets to the Special Purpose Vehicle;

(f): The mens rea or specific intent is manifested by the elaborate arrangements implicit in securitization transactions, the method of determination of the price of the collateral to be transferred to the Special Purpose Vehicle, the objectives of securitization, and the sponsor’s transfer of assets to the Special Purpose Vehicle;

(g): The unpaid tax liability consists of foregone tax on the capital gains from the collateral (the transaction is structured to avoid recognition of capital gains), and tax on any income from the collateral which is ‘converted’ into basis or other non-taxable forms;

(h): Income (from the collateral) that would have been taxable in the sponsor’s financial statements, is converted into non-taxable basis in the form of the SPV’s Interest-Only (IO) and Principal-Only (PO) securities: part of the Interest-Spread (the difference between the SPV’s income and what it pays as interest and operating costs) is paid out to PO-holders, and this transforms interest into return-of-capital or just capital repayment, with no tax consequences.

In the case of ‘disguised loan’ or ‘assignment’ securitization transactions,
the tax evasion occurs because:

(a): The sponsor determines the price at which the collateral is transferred to the SPV, and hence can lower/increase the price of the collateral to avoid capital gains taxes;

(b): The sponsor typically retains a ‘residual’ interest in the SPV which is typically taxed differently and on a different tax-basis compared to the original collateral: hence, the sponsor can lower the price upon transfer to the SPV, and convert what would have been capital gains, into non-taxable basis for tax purposes;

(c): The transfer of collateral to the SPV and the creation of interest-only and principal-only securities essentially converts what would have been taxable capital gains into non-taxable basis;

(d): Any gain in the value of the collateral is not recognized for tax purposes, because there has not been any ‘sale’;

(e): Where the ABS is partly amortizing, any capital gains are converted into interest payments;
(f): The actus reus is manifested by the execution of the securitization transaction and transfer of assets to the Special Purpose Vehicle;

(g): The mens rea or specific intent is manifested by the elaborate arrangements implicit in securitization transactions, the objectives of securitization and the sponsor’s transfer of assets to the Special Purpose Vehicle;

(h): The unpaid tax liability consists of tax on the capital gains from the transfer of the collateral (the transaction is structured to avoid recognition of a sale, whereas the transfer to the Special Purpose Vehicle is effectively a sale), and tax liability on any income from the collateral which is ‘converted’ into basis or other non-taxable forms (Interest-Onlys and Principal-Onlys), by securitization.

C – 1: IN ALL ‘TRUE-SALE’, ‘DISGUISED LOAN’ AND ‘ASSIGNMENT’ SECURITIZATIONS, THE
CONFLICT OF INTEREST INHERENT IN THE SPONSOR ALSO SERVING AS THE SERVICER,
CONSTITUTES FRAUD AND CONVERSION: SEE OUR STANDARD LEGAL NOTES BELOW.
In most securitization transactions, the sponsor eventually serves as the servicer of the Special Purpose Vehicle asset pool.

As servicer, the sponsor: (a) determines when there has been impairment of collateral; (b) selects collateral for replacement; and (c) monitors collateral performance.

To prove fraud, prosecutors must prove several elements beyond a reasonable doubt:

(1): The actus reus (the guilty conduct) – which consists of an affirmative act (and not merely an omission or failure to act) of misrepresentation of material facts. In securitizations, the sponsor typically makes material misrepresentations:

(a) The sponsor/servicer selects the assets to be transferred to the SPV, and the terms of the offering Prospectus typically misrepresent the level of objectivity and fairness of the servicer/sponsor;

(b) The sponsor/servicer selects collateral for substitution where there are problems – the past and present disclosure statements and ABS offering documents materially misrepresent the sponsor/servicer’s objectivity/fairness.

(2): The mens rea or ‘mental’ element of willfulness – the specific intent to misrepresent the sponsor/servicer’s acts, truthfulness and objectivity/fairness, is manifested by the dual rôle of sponsor/servicer which constitutes a conflict-of-interest. Mens rea is also clearly inferable from the facts and circumstances: the sponsor/servicer clearly has significant economic, psychological and ‘legal’ incentives to maximize its profits by:

(a): Delaying substitution of collateral for as long as possible;

(b): Delaying recognition of collateral impairment, and:

(c): Substituting impaired collateral with sub-standard collateral; all of which make the sponsor highly unsuitable for the rôle of servicer;

(3): The reliance element: ABS investors rely heavily on the structure/arrangements, contracts and disclosure statements in securitizations, which are always relatively complex. These form the primary source of knowledge and valuation terms for the investor;

(4): The victim(s) suffer(s) loss as a result of the misrepresentations (whether of direct or proximate causation). Investors suffer losses because of the sponsor’s/servicer’s misrepresentations of its obligations, fairness, objectivity and fiduciary duties:

Specifically:

(a) Investors’ estimates of the values of Asset-Backed Securities are inaccurate and too high due to the servicer’s/sponsor’s misrepresentations;

(b) Investors incur unnecessary trading costs to re-balance their portfolios as the Asset-Backed Security becomes riskier;

(c) Investors and the sponsor/servicer incur additional monitoring costs whenever there is any report of impairment of collateral or substitution. Furthermore, in the ABS sales process, the underwriter makes certain representations concerning the effectiveness and predictability of the collection process. Under certain conditions, investors relying on such representations may have a securities fraud claim if the servicer fails to perform, such as in bankruptcy.

C-2: IN ALL ‘TRUE-SALE’, ‘DISGUISED LOAN’ AND ‘ASSIGNMENT’ SECURITIZATIONS WHERE
THE SPECIAL PURPOSE VEHICLE IS A TRUST, THE DECLARATION OF TRUST IS VOID AS IT EXISTS FOR AN ILLEGAL PURPOSE. [ALL CONTRACTS STRUCK FOR AN ILLEGAL PURPOSE ARE NULL AND VOID, SOMETHING THE CRIMINAL ENTERPRISES DON’T WANT YOU TO KNOW].
The declaration of trust relating to the SPV is void because the intent and purpose of the SPV is illegal and unconstitutional as described in this analysis and in Nwogugu (2006).

D: OFF-BALANCE SHEET TREATMENT OF ASSET-BACKED SECURITIES (BOTH
FOR ‘TRUE-SALE’ AND FOR ‘ASSIGNMENT’ TRANSACTIONS) CONSTITUTES FRAUD
Under prevailing accounting rules in the United States and most countries, if certain criteria were met, the debt raised by the Special Purpose Vehicle in securitization can be treated as off-balance sheet debt. However this requires compliance with three criteria:

(i) The Special Purpose Vehicle should be truly independent from the sponsor and the directors, fiduciary administrative duties notwithstanding.

(ii) The sponsor’s transfer of the assets to the SPV should be a ‘true sale’ and the sponsor should not have any ongoing economic interest in the assets.

(iii) The form and substance should transparently be identical, and the structure should not appear to be illusory or deceptive.

Nevertheless, these off-balance-sheet treatment criteria have been recently reformed by changes in accounting standards. The British-based International Accounting Standards Board and the US FASB are moving towards stricter reporting standards. Specifically:

• FIN 46 (FASB): Effective in 2003, FIN 46 applies only to companies subject to regulation by the FASB. Its objective is to substantially tighten the criteria necessary to obtain off-balance-sheet treatment for Special Purpose Vehicles, and its main thrust is capital adequacy.

• FIN 46 also imposes an obligation on originators to consolidate the accounts of an SPV (denying off-balance-sheet treatment) unless the total equity at risk is regarded as sufficient to enable the SPV to finance its own activities.

• IAS 32, IAS 39, and IFRS 7: International Accounting Standards (IAS) 32 covers the disclosure and presentation of financial instruments, but from 2007 onwards the disclosure aspects were replaced by the introduction of International Financial Reporting Standard (IFRS) (7). IAS 39 deals with the recognition and measurement of financial instruments, and has been challenged in two aspects:

(1): Introducing the concept of “fair value” accounting for financial instruments and (2): whether SPVs should be consolidated back into the balance sheet of the originator. Like Fin 46, IAS 32 may result in consolidation of most SPVs on-balance-sheet of the sponsors.

• Basel II: The Basel II disciplines are aimed at the global banking industry and call for a more scientific measurement of risk and of capital requirements for banks in order to support that risk. Since the general expectation has been that, in overall terms, the proposals could require the banking industry to maintain a higher rather than lower capital base, the proposals have met resistance from many banks. The Basel Committee’s rules/codes are not binding because the Committee is not a regulator: a situation exploited by the racketeering institutions.

But off-balance sheet treatment of ABS (Asset-Backed Securities) debt in securitizations, constitutes fraud because:

(1): The mens rea or ‘mental’ element of willfulness – the specific intent to misrepresent the true ‘Trust’ nature of the Special Purpose Vehicle debt – is manifested by the elaborate arrangements and structure of the securitization transaction.

(2): The actus reus (the guilty conduct): This consists of the affirmative act of misrepresentation of materials facts by not consolidating the Special Purpose Vehicle on the sponsor’s Balance Sheet.

In securitization, consolidation of the Special Purpose Vehicle onto the sponsor’s financial statements is warranted because the sponsor:

(a) Typically retains a residual economic interest in the Special Purpose Vehicle;

(b) Functions as servicer of the Special Purpose Vehicle asset pool – which grants the sponsor significant control over the assets and the SPV’s operations;

(c) Determines recognition of impairment of collateral, and selects and provides assets for ‘substitution’ of collateral; and:

(d) Typically misrepresents the level of objectivity and fairness of the servicer/sponsor in disclosure statements.

Taken together, these factors and all the aforementioned new accounting standards constitute sufficient actus reus.

(3): The reliance element:
The sponsor’s current and his prospective shareholders and other investors rely heavily on the structure/arrangements of securitizations, associated disclosure statements and assurances of off-balance sheet treatment of SPV debt in securitizations, which are relatively complex. These form the primary source of knowledge and valuation terms for the investor.

(4): The victim suffers loss as a result of the misrepresentation (direct or proximate causation): Investors suffer loss because of the sponsor/servicer’s misrepresentations of its obligations:

(a) Investors’ estimates of the values of the sponsor’s equity are inaccurate and excessively high due to the servicer’s/sponsor’s misrepresentations of the SPV debt;

(b) Investors incur unnecessary trading costs to re-balance their portfolios as the sponsor is deemed more risky;

(c) The investor and the sponsor/servicer incurs additional monitoring costs whenever there is any report of impairment of collateral or substitution.

E: ALL ‘TRUE-SALE’, ‘DISGUISED LOAN’ AND ‘ASSIGNMENT’
SECURITIZATIONS INVOLVE FRAUDULENT CONVEYANCES

Any transfer or conveyance of the assets of a debtor that is deemed to be made for the purposes of hindering, delaying or defrauding actual or potential creditors, may be determined to be a Fraudulent Conveyance (9).

In the United States, three sets of laws cover potential Fraudulent Conveyances:

(a) Section 548 of the US Bankruptcy Code (the Code); or

(b) Most States have adopted the Uniform Fraudulent Transfer Act (UFTA) (10) or else the older Uniform Fraudulent Conveyance Act (UFCA); or

(c) Fraudulent Transfers claims can also be made under a theory of constructive fraud, in which circumstantial evidence may warrant a finding that Fraudulent Transfers were made with the primary purpose of shielding assets from current or future creditors. Although each US State has its own laws regarding the appropriate elements of proof of constructive fraud, Section 548(a)(2)
of the US Bankruptcy Code permits an inference of constructive fraud if the following factors exist:

(1): The debtor received less than reasonably equivalent value for the property transferred; and:

(2): The debtor either: was insolvent or became insolvent as a result of the transfer, retained unreasonably small capital after the transfer, or made the transfer with the intent or belief that it would incur debts beyond its ability to pay.

The following are the various theories of Fraudulent Conveyance
within the context of securitization.

E-1: Sponsor/Originator receives insufficient value for assets transferred:

All ‘true sale‘ as well as ‘assignment’ securitizations involve Fraudulent Conveyances (as defined within the US Bankruptcy Code and the Uniform Fraudulent Transfer Act) because the originator receives insufficient value for assets that it transfers to the Special Purpose Vehicle (11), (12):

(i): Horizon mismatch:
In the case of receivables and fixed income assets, since the originator/sponsor sells these assets before their maturities, their effective yields and values are much lower than their stated yields, and hence, the originator receives less-than-normal value for assets transferred.

(ii): The originator always incurs substantial cash and non-cash transaction costs in such transfers, which reduces the net-value it receives from the transfer to the Special Purpose Vehicle. These costs include all legal fees, accounting fees, underwriting fees, monitoring costs, administrative costs, regulatory compliance costs, capital-budgeting costs (because the decision to securitize has inherent negotiation costs), conflict costs and resource allocation costs, etc.;

(iii): In these asset transfers, the originator loses all the future appreciation of the transferred assets: the transfers are done at book values or stated adjusted costs. The asset valuations for the transfers don’t consider future increases in asset value, and hence are an implicit undervaluation.

(iv): Where the assets transferred have residual values (as in computer leases and equipment leases), the originator often cannot accurately calculate such residual values and does not incorporate them in asset valuation, and loses such residual value; and hence, receives less than normal value for the assets transferred;

(v): In some securitizations, the originator’s transfer of assets to the SPV is backed by recourse (to the originator’s assets) and such recourse has economic value that reduces the net-value that the originator receives from the transfer. [Higgin & Mason (2004), Pantaleo et al. (1996) and Plank (1991) (13) describe the basis for the value of such recourse].

(vi): Where the originator and sponsor is financially distressed, securitization is often the chosen form of financing, and under Fraudulent Conveyance laws, securitizations are illegal because:

(1): Securitizations increase the bankruptcy risk of the originator/sponsor;

(2): The distressed company’s assets are typically valued at higher interest rates (which yield lower asset values) and hence, the originator loses value in the transfers.

(vii): The originator’s/sponsor’s net-cash proceeds from the securitization transaction is often significantly less than either the pre-transaction carrying value of the collateral, or the net realizable value of the collateral (liquidation value in a supervised open auction) – primarily because of transaction costs, over-collateralization, etc..

E-2: ‘Intent to hinder, delay or defraud creditors’:
Implicit pre-petition waiver of right to file for bankruptcy:

All ‘true sale‘ as well as ‘assignment’ securitizations involve Fraudulent Conveyances (as defined in the US Bankruptcy Code and the Uniform Fraudulent Transfer Act) because as described in this analysis, such securitizations are the equivalent of illegal pre-petition waivers of the right to file bankruptcy, and the waiver of the bankruptcy stay – all of which are sufficient evidence of ‘intent to hinder, delay, or defraud any creditor of the debtor’, which is the major element of Fraudulent Conveyance under the UFTA and the US Bankruptcy Code.

E-3: ‘Intent to hinder, delay or defraud creditors’:
originator’s transfer of assets to the Special Purpose Vehicle:

All ‘true sale‘ and ‘assignment’ securitizations involve Fraudulent Conveyances (as defined in the US Bankruptcy Code and the Uniform Fraudulent Transfer Act) because the originator‘s/sponsor‘s mere act of transferring assets to an SPecial Purpsoe Vehicle reduces the values of any of its unsecured creditors’ claims – i.e. trade creditors, holders of any unsecured loans, holders of certain preferred stock, etc.. (14).

Without such transfers, the unsecured creditors would have had access to such assets. This is sufficient evidence of ‘intent to hinder, delay or defraud’ existing creditors.

[It follows that the Rule of Law has been comprehensively flouted,
with the rot starting and condoned at the highest levels – Ed.].

E-4: ‘Intent to hinder, delay or defraud creditors’:
Originator’s transfer of assets to the SPV has not been undertaken on an arms’-length basis:

The originator’s transfer of assets to the SPV via a ‘true sale’ or ‘assignment’ is typically not done by means of arms’-length transactions. Most originators have substantial influence/control over the valuation of collateral, the selection of the appraiser and valuers, the choice of appraised collateral, the corporate form and life of the SPV, and the selection of the officers/trustees of the SPV. Hence, the originator can manipulate the values of collateral for accounting and economic purposes. The originator typically creates, funds and staffs the SPV – hires the SPV’s officers and directors and determines the SPV’s corporate governance policies. The combination of such excessive control, and the originator’s transfer of assets to the SPV is prima facie evidence of ‘intent to hinder, delay or defraud’ the originator’s existing and future creditors.

E-5: Securitization increases the originator’s bankruptcy risk:
Securitization can increase the bankruptcy risk of an originator (15), where:

(a) The cash proceeds from the securitization transaction are significantly less than either the carrying value of the collateral, or the net realizable value of the collateral (liquidation value in a supervised auction); or:

(b) Management reinvests the cash proceeds of securitization in projects that yield returns that are less than what the collateral would have yielded, or less than the company’s cost of debt.
Securitization via ‘assignments’ or else ‘disguised loans’ increases the risk to be borne by the originator/sponsor, and also increases its post-transaction cost of capital primarily because:

(a) The amount raised is less than the assets pledged;

(b) The pledge of assets to the SPV reduces the originator’s borrowing
capacity and financial flexibility;

(c) The pledge of assets to the Special Purpose Vehicle reduces the originator’s ability to repay other debt. Hence, the originator/sponsor loses value in the transfer of assets to the SPV.

F: SECURITIZATION USURPS UNITED STATES BANKRUPTCY LAWS AND HENCE IS ILLEGAL
Securitization undermines US Federal bankruptcy policy, because it is used (in lieu of secured financing) as a means of avoiding certain bankruptcy-law restrictions (16). Indeed, the origins of securitization in the United States can be traced directly to attempts by banks and financial institutions to avoid bankruptcy law restrictions.

An analysis of the legislative intent of the US Congress with regard to the US Bankruptcy Code confirms that securitization contravenes most policies of the US Bankruptcy Code (17).

• IT ALSO CONTRAVENES PUBLIC POLICY, WHICH EMBRACES:

(a): Recognition of financial distress;
(b): Stay of bankruptcy proceedings;
(c): Determination of claims and priorities of security interests;
(d): Fair division of value;
(e): The continuance or liquidation decision;
(f): Efficient reorganization.

In most cases, insolvency often occurs before management decides to file for bankruptcy. Many firms that are either financially distressed and or technically insolvent continue to operate as if they are normal companies, and enter into securitization transactions. often, securitization enables them to reduce the effect of actual and or perceived low credit ratings. Securitization is often a major strategic choice for financially distressed corporations (18). Under the US Internal Revenue Tax Code, securitization qualifies as a reorganization. The underlying issues are as follows.

F-1: Implicit waiver of right to file for bankruptcy and/or Stay of Bankruptcy:

Securitization involves an implicit (and often an express) waiver of the debtor’s, originator’s, sponsor’s right to file for voluntary bankruptcy. This is achieved by using a bankruptcy-remote Special Purpose Vehicle and segregating the assets that otherwise would have been part of the bankruptcy estate (19), (20). Securitization involves an implicit (and very often an express) waiver of the creditor/Asset-Backed Securities-investor’s right to file for involuntary bankruptcy (21), (22).

US Courts have repeatedly held that such waivers are void as against public policy. In the absence of securitization, these same investors/creditors would have been creditors/ a.k.a. lenders to the sponsor/originator. This implicit waiver is achieved by employing a Special Purpose Vehicle and segregating the assets that otherwise would have been part of the bankruptcy estate; and by various forms of credit enhancement.

Without the automatic stay of the Bankruptcy Code, the debtor/sponsor would not need to transfer assets to an SPV. Carlson (1998) traces the history of securitization to direct and specific efforts/collaborations to avoid the impact of US bankruptcy laws (23).

Furthermore, there is a distinct difference of opinion among US courts about the enforceability of pre-petition waivers (of rights to file for voluntary or involuntary bankruptcy) which has not been resolved by the US Supreme Court (24). However, the standard securitization processes diverge substantially from the conditions in cases where the courts held that pre-petition waivers (or rights to file for bankruptcy) were unenforceable.

F-2: The U.S. Bankruptcy Code expressly invalidates certain pre-filing transfers:

Sections of the US Bankruptcy Code expressly invalidate certain types of pre-filing transfers, payments and transactions (that occur within a specific time period before the filing of bankruptcy). Most securitizations fall under the classes of voidable pre-filing transfers.

• Hence, under these foregoing circumstances/conditions, bankruptcy laws and associated principles are implicated and apply where the firm has not filed for bankruptcy.

Therefore, any pre-bankruptcy filing transactions that invalidate or contravene the principles of Bankruptcy Codes are illegal. The bankruptcy-remoteness characteristic of securitizations prevents the efficient functioning of US bankruptcy law, and jeopardises the law.

G: NEW THEORIES ON THE EFFECTS OF SECURITIZATION ON BANKRUPTCY EFFICIENCY
The following are new theories that explain how securitization
contravenes the basic principles of US bankruptcy laws:

G-1: The illegal wealth-transfer theory:

Securitization can result in Fraudulent Conveyance and in illegal transfer of wealth where the transaction effectively renders the originator/issuer company technically insolvent; or fraudulently transfers value to the SPV (in the form of low collateral values) and then to the ABS/MBS [Mortgage-Backed Securities] bond holders (in the form of low bond prices, and or high interest rates) (25). Courts have held that stripping a company of the ability to pay judgment claims is a ‘predicate act’ that is actionable under Federal R.I.C.O. statutes (26). Securitization can also result in illegal wealth transfers to the intermediary bank where it retains a residual interest in the Trust/SPV (residual securities) or is over-compensated (excessive cash fees, trustee positions, underwriter is granted a percentage of securities offered, etc.).

G-2: The Priority-changing theory:

To the extent that bankruptcy laws are designed to facilitate rehabilitation of troubled companies, and increase efficient allocation of debtor assets to creditors, securitization enables the debtor to defeat the Absolute-Priority principle; and effectively to re-arrange priorities of claims, particularly where the debtor/originator does not have any secured claims (but has only unsecured claims). This is achieved by securitizing unencumbered assets and applying credit enhancement to provide higher-quality securities (which is the equivalent of higher priority) to other creditors.

G-3: The Facilitation of inefficient-continuance theory:

Securitization enables the debtor/originator to change the progression of financial distress, by supplying cash that typically lasts for short periods of time, and often at a high effective cost of funds. This implicates the principles of ‘inefficient continuance’ (where an otherwise non-viable company that should be liquidated, sold/merged or substantially reorganized, continues to operate solely as a result of short-term solutions and or bankruptcy court orders), and hence, the sections of the Sarbanes-Oxley Act (‘SOX’) – which require certification of solvency of the company and adequacy of internal controls, and also carry criminal penalties for non-compliance (27).

The question of whether ‘inefficient continuance’ has occurred is a matter of law that should be decided by judges. Thus, all else remaining constant, where the necessary elements occur, (a securitization and ‘inefficient continuance’ and management’s certification of solvency and adequate internal controls), management and the company become criminally liable.

G-4: The information-content effect theory:

Securitization changes and distorts the perceived financial position of the originator/sponsor, because various forms of credit enhancement (senior/junior pieces, loan insurance, etc.) are used to achieve a high credit rating for the Special Purpose Vehicle – which may be misconstrued by stock-market investors as evidence of good prospects for the originator-company. To the extent that all securities offerings have relevant information content and associated signalling, then securitization by financially distressed companies effectively conveys the wrong signals to capital markets and hence, changes the expectations of creditors and shareholders (and in the case of bankruptcy, makes it more difficult to form consensus efficiently on a plan of reorganization once the bankruptcy petition is filed). In this realm, investor and creditor expectations are critical and have utility value and typically form the basis for investment/disinvestment and for negotiations about restructuring or any plan of reorganization.

US Courts have held that persons that create false impressions about the financial condition of a company are potentially liable under Federal R.I.C.O. statutes (28).

G-5: The information-content effect theory:

To the extent that securitzation defers or eliminates a potential creditor’s rights to file for involuntary bankruptcy, then securitization can be deemed to be fraudulent, and gives rise to criminal causes of action such as deceit, conversion, etc. The creditor’s right to file for a debtor’s involuntary bankruptcy is a valid property right that arises from State property law, State contract law, State constitutional laws, and Federal bankruptcy laws (29). Deprivation of, or interference with, this property right is a violation of the US Constitution. Securitization can defer or eliminate this property right, and hence violate the US Constitution where the transaction:

(a): Effectively rearranges priority of claims; or:

(b): Reduces the debtor-company’s borrowing capacity (value of unencumbered/unpledged collateral) to the detriment of secured and or unsecured creditors; or:

(c): Uses the proceeds of the transaction to pay-off some (but not all) members of a potential class of creditors that can file an involuntary bankruptcy petition.

H: SECURITIZATION CONSTITUTES A VIOLATION OF FEDERAL R.I.C.O. STATUTES
In ‘true-sale’, ‘disguised loan’ or ‘assignment’ securitizations, there are fraudulent transactions which serve as ‘predicate acts’ under Federal R.I.C.O. statutes (30).

The specific R.I.C.O. sections implicated are:
• Section 1341 (mail fraud)
• Section 1343 (wire fraud)
• Section 1344 (financial institution fraud)
• Section 1957 (engaging in monetary transactions in property
derived from specified unlawful activity).
• Section 1952 (racketeering).

The prices of the collateral are determined in negotiations between the sponsor/issuer and the intermediary bank and on occasion, the SPV’s trustees. This presents opportunities for ‘predicate acts’ (ie. fraud, conversion, etc.) because:

(1): The collateral could be under-valued or over-valued. There are no State or Federal laws that require independent valuation of collateral or appointment of independent/certified trustees in securitization transactions. The parties involved are often business acquaintances.

The originatorsponsor controls the entire process.

(2): The trustees can be, and are influenced by the sponsor/originator and or intermediary investment-bank.

(3): The required disclosure of collateral is sometimes insufficient. Specifically:

(a): It does not include historical performance of collateral pools;
(b): It does not include criteria for selection of collateral and for substitution of collateral;
(c) Criteria for replacement of impaired collateral are sometimes not reasonable;

(4): Mail and wire are used extensively in communications with investors and participants
in the transaction; and:

(5): There is compulsion – because the intermediary or investment bank has very substantial incentives to under-price the securities, and to inflate/deflate the value of the collateral in order to consummate the transaction and earn fees.

The entire securitization process constitutes violations of Federal R.I.C.O. (31) statutes because:

(1): There is the requisite criminal or civil ‘enterprise’ – consisting of the sponsor/issuer, the trustees and the intermediary bank. These three parties work closely together to effect the securitization transaction.

(2): There are ‘predicate acts’ (32) of:

(a): Mail fraud – using the mails for sending out materials among themselves and to investors.
(b): Wire fraud – using wires to engage in fraud by communicating with investors.
(c): Conversion – where there isn’t proper title to collateral.
(d): Deceit: Misrepresentation of issues and facts pertaining to the securitization transaction.
(e): Securities fraud: disclosure issues.
(f): Loss of profit opportunity.
(g): Making false statements and or misleading representations about the value of the collateral.
(h): Stripping the originator/issuer of the ability to pay debt claims or judgment claims in bankruptcy court – a state of affairs that may apply where the sponsor is financially distressed and the cash proceeds of the transaction are significantly less than the value of the collateral.

(3): There is typically the requisite ‘intent’ by members of the enterprise – evident in knowledge (actual and inferable), acts, omissions, purpose (actual and inferable) and results. Intent can be reasonably inferred from:

(a): The existence of a sponsor that seeks to raise capital – and cannot raise capital on better terms by other means;
(b) The participation of an investment bank that has very strong incentives to consummate the transaction on any agreeable (but not necessarily reasonable) terms.

I: SECURITIZATION CONSTITUTES VIOLATIONS OF U.S. ANTITRUST LAWS
The various processes in securitization constitute egregious violations
of the US Antitrust statutes (33), (34), (35). Specifically:

I-1: Market concentration:

The American Asset-Backed Securities and Mortgage-Backed Securities markets are dominated by relatively few large entities such as FNMA, Freddie Mac, the top five investment banks (all of which have conduit programs), and the top five credit card issuers (MBNA, AMEX, Citigroup, etc.), etc.. As a consequence, the top five ABS/MBS issuers control more than 50% of the US ABS/MBS market.
This constitutes illegal market concentration under US Antitrust legislation

I-2: Market integration:

The American Asset-Backed Securities and Mortgage-Backed Securities markets are essentially both national and international (that is to say, geographically-diverse entitiesand individuals participate in each transaction). Each Asset-Backed Securities (ABS) transaction/offering typically involves a ‘roadshow’ which consists of presentations to investors in various cities.

The cost of the roadshow is often paid by the underwriter(s) before its fees are paid by the sponsor. In addition, there are printing, mailing, traveling and administrative costs that increase with the greater geographical dispersion of investors. This has two main effects:

(a): It reduces competitive pressure on dominant investment banks and groups of investment banks (to the detriment of smaller investment banks); and:
(b): It raises market-entry barriers by making it more expensive to conduct ‘roadshows’ for new offerings. Hence, the market integration created by the industry practices of securities underwriters is anti-competitive and violates the Sherman Act, and the FTC Antitrust statutes.

I-3: Syndicate collusion:

The syndicates (of investment banks) used in distributing Asset-Backed Securities and Mortgage-Backed Securities (ABS/MBS) essentially collude to determine:
(a): The price at which each ABS tranche is sold;
(b): Which investors can purchase different tranches.

Collusion occurs because:

(a): In the typical Asset-Backed Securities (ABS) offering, the price determination process is not transparent or democratic because the lead underwriters typically negotiate the offering price with the originator/sponsor and the prospective investors (although some underwriters use auctions).

The lead underwriters purchase most of the new-issue ABS, and the balance is typically sold to ‘junior’ syndicate members (who presumably can arrange to buy more Asset-Backed Securities from the lead underwriters than were allocated to them).

In essence, the true price-demand characteristics and negotiability of junior underwriting-syndicate members are hidden simply because of the structure of the underwriting/bidding process. Hence, the existing syndicate-based ABS distribution system for new issue Asset-Backed Securities distorts the true demand for the ABS, clearly reduces competition, and facilitates and results in collusion, and therefore constitutes violations of the Sherman Act and the Federal Trade Commission (FTC) Antitrust statutes.

(b) Similarly, the ABS allocation process is not transparent. The lead underwriter and junior underwriters allocate new-issue ABS to investors based on subjectively determined ‘suitability’ and also ‘in-house criteria’. There are no established or generally accepted important guidelines for such ‘in-house’ criteria and associated allocation.

The lead and junior underwriters can typically collude to determine that only certain investors deemed appropriate are allocated the Asset-Backed Securities in question. Hence, the antitrust violation (collusion) occurs solely because of the underwriters’ discretionary choice of investors to whom ABS are allocated. This is more evident where the poll of investors consists mostly of institutional investors – so that final offering prices are more sensitive to choice of investors, and prices can change significantly simply by changes in allocation to investors. In such circumstances, the collusion is reasonably inferable here, so long as there are no statutory or generally accepted allocation criteria that have been approved by the NASD or other trade associations.

I-4: Price formation:
The prices of ABS securities may often be linked to the prices/yields of US Treasury bonds – the credit risk of ABS/MBS being priced relative to the risks of US Treasury bonds.

• This system distorts the true demand and supply balance for the ABS/MBS, and erroneously incorporates the demand/supply relationships of the US Treasury Bond market, into the ABS/MBS markets. The key question then, is whether there are conditions under which the US Treasury Bond market is completely de-coupled from the ABS market: or, phrased differently, whether there is sufficient justification for actual or perceived de-coupling of the US Treasury Bond market and the US ABS market. These conditions are as follows:

(1): The credit fundamentals of the US Treasury market differ substantially from those of the ABS market. (The Treasury market is much more sensitive to US Federal Reserve actions, currency fluctuations, consumer spending, Federal/State fiscal policies, etc.). The ABS market tends to be more sensitive to industry-specific and sometimes company-specific risks/factors.

(2): The use of various credit enhancement techniques and products further exacerbates the differences in the credit trends and/or quality in the US Treasury and ABS markets. In Asset-Backed Securities transactions, most forms of credit enhancement create a floor, but do not limit or affect other industry exposures or company exposures. In the US Treasury market, investors are subject to a greater variety of risks.

(3): Investors’ objectives in the US Treasury Bond markets differ from those of investors in Asset-Backed Securities markets. Hence, investors are very likely to view these two markets and the underlying risks differently, and should value the securities differently.

I-5: Vertical foreclosure:

In the ABS/MBS markets, some investment banks and commercial banks are active in almost all phases of the securitization process: origination (through in-house conduits); due diligence; disclosure and pricing; new issue securities offerings; and also in secondary-market trading. Similarly, non-bank entities can use their own asset portfolios (the origination of credit card receivables or mortgage receivables), shelf-registration and marketing procedures and/or Regulation-D/Rule 144A procedures (pricing and new-issue offerings) and in-house trading (secondary-market trading) to participate in almost all aspects of securitization processes.

Hence, these companies have almost no incentive to, and are not required to make their infrastructure and relationships available to competitors.

• Such vertical foreclosure constitutes violation of US antitrust laws.

I-6: Tying (36):

This arises in the following manner:

(a): The sponsor is sometimes formally or informally required to purchase other financial services (loans, letters of credit, custody services, etc.) from the investment bank, in order to effect the securitization transaction;

(b): The investors are sometimes required simultaneously to purchase two or more tranches of an ABS offering, or to promise to buy the same or similar ABS/MBS securities in order to be allocated ABS in new offerings;

(c): The sponsor and or investment bank may formally or informally require investors to purchase minimum dollar volume of ABS in specific offerings in order to be eligible for ‘allocations’ in future offerings. These acts constitute tying, which is anticompetitive and therefore illegal.

I-7: Price-fixing (37):

The Locus-shifting Theory is introduced here. Locus-shifting occurs when a potential and obvious party to a price-fixing scheme is effectively replaced (in pricing negotiations) by a third party that has the resources and willingness to alter dramatically the pricing of goods and services in either the transaction, or via a series of transactions or in the sector or the industry as a whole. Normally, price-fixing would occur between two sponsors or two intermediary banks.

Since the intermediary-investment bank is central to ABS offerings, and associated pricing and negotiations, the price fixing should be deemed to occur between the sponsor/originator and the investment bank (or between two sponsors).

Since each active investment binstitution typically underwrites many offerings simultaneously, and essentially controls the pricing of each new-issue ABS, the investment banks are the locus of said price fixing and are potentially liable for the associated antitrust violations. Further evidence of price fixing maybe obtained by analysing:

(a): The yield differentials of various ABS offerings in various asset classes (ie. automobiles, home equity, mortgages, etc.) by different sponsors within a specific block of time;

(b): The price differentials of various ABS offerings in various asset classes (autos, home equity, credit cards, mortgages, etc.) with the same rating, within a specific block of time.

I-8: Price-fixing (38):

Exclusive contracts facilitate and enhance anti-competitive behavior by contractually restricting conduct by and trade among participants in the market. In the US ABS/MBS markets, existing illegal exclusive contracts include:

(a) Contracts preventing the intermediary investment bank from providing financial services to other prospective securitization sponsor-companies in the same industry/sector;

(b) Contracts (by the sponsor, underwriter(s) or third parties) that prevent or limit the formation of a syndicate of securities dealers;

(c) Contracts that prevent the sponsor from selling securities through other underwriters, other than an appointed intermediary investment bank. These types of contract constitute direct violations of US Antitrust statutes.

I-9: Price-fixing (39):

There are several classes of Asset-Backed Securities:

(1): Securities that involve pure ‘pass-through’ of cash- flows, and hence rights to payment of cash from the SPV pool, but no ownership interest in the pool to:

(a): Interest-Only (IO) securities;
(b): Principal-Only (PO) securities; and:
(c): ‘Traditional’ Asset-Backed Securities that pay both interest and principal.

(2): Securities that confer ownership interests in the underlying pool to:

(a): Interest-Only (IO) securities;
(b): Principal-Only (PO) securities; and:
(c): ‘Traditional’ Asset-Backed Securities that pay both interest and principal.

(3): Debt-type securities that involve a security interest in the underlying collateral:
these manifest themselves as:

(a): Interest-Only (IO) securities;
(b): Principal-Only (PO) securities; and:
(c): ‘Traditional’ Asset-Backed Securities that pay both interest and principal.

In many instances, the Special Purpose Vehicle (SPV) offers many tranches in each of the above-mentioned classes of ABS. The tranches within each class typically vary by term, interest rate, duration, and bond-rating/risk-rating. Hence, in any situation where the tranches don’t have any priority as to security interests or rights-to-payment of cash flows from the pool, such stratified offerings within each class (‘IO’, or ‘PO’ or ordinary; or ‘pass-through’, collateral-type or equity-interest) constitute price discrimination because the underlying ‘asset’ and risk is essentially the same, although different securities are being offered in the same transaction (or in a series of transactions), at different prices to investors, based on the same underlying pool of assets.

• The distinguishing and critical element is that there is no contractually agreed-upon priority of claims as to security interests or right-to-payment of cash from the pool of assets.

I-10: Predatory pricing (40):

This occurs when investment banks under-price ABS offerings in order to obtain more investors, and to build name recognition for a particular issuer (that does or intends to come to the ABS market regularly). Evidence of predatory pricing may be inferred or established by:

(a): Comparing the offering prices of various new-issue ABS bonds sold by one sponsor/originator, in the same asset class (auto loans, home equity, credit cards, etc.), but at different times of the year, to offering prices of similar ABS bonds sold by other regular ABS sponsors/originators in the same time periods.

(b): Running regressions to identify any statistically significant relationship between:

(1): The difference in the yield of company XYZ’s ABS bond and the yields of other similar Asset-Backed Securities bonds; and:

(2): Various independent variables such as yield, price, asset type, bond rating, duration, industry, amount of offering, frequency of ABS offerings, types of investors, etc..

(c): Comparing the offering prices of various new-issue ABS bonds underwritten by one investment bank (in the same asset class, but at different times of the year) to offering prices of similar Aset-Back Securities bonds underwritten by other investment banks in the same time periods.

I-11: Rigging of allocations:

Most Asset-Backed Securities offerings are done via allocations of securities by investment banks to their brokerage customers:

(1): Most sponsors issue their Asset-Backed Securities or Mortgage-Backed Securities through bids by investment banks. Most bids for ABS securities are won by a few investment banking firms.

• This may suggest that customers have been ‘allocated’ among investment banks, which is also an indication of collusion.

(2): On occasion, the primary underwriters subcontract work (re-sell securities)
to secondary underwriters.

J: SECURITIZATION INVOLVES VOID CONTRACTS
The process of securitization involves several contracts that are either signed simultaneously or are all signed within a short timeframe. Many of these contracts are void and wholly illegal due to:

(a) Lack of consideration (41): There is no consideration in many contracts used in effecting securitizations. Many of these contracts are unilateral executory undertakings and contain illusory promises. There are three main issues:

(1): Unilateral Executory Promise (42): A unilateral executory promise is not consideration.
The following are some unilateral executory contracts in securitizations:

• The promise made by the Special Purpose Vehicle to pay out periodic interest, whether contingent or non-contingent on whether the collateral pays cash interest.

• Collateral-substitution Agreements contain a promise whereby
the sponsor agrees to substitute impaired collateral.

• Assignment Agreement: Assignment of future collateral (not yet existing)
may be deemed a unilateral executory promise by the assignor.

• Transfer Agreement: The sponsor agrees to transfer the collateral to the Special Purpose Vehicle, and the SPV in return pays cash to the sponsor.

(2): Illusory Promises (43): An illusory promise is not a valid consideration for a contract.

The following are some illusory promises inherent in securitization transactions:

• The Subscription/Purchase Agreement: The SPV’s promises to acquire the collateral with the cash raised from investors are essentially illusory promises. These promises are embedded in the offering Prospectus, but are typically not included other corporate documents. In most cases, the offering Prospectuses don’t state the exact steps in the SPV’s promised purchase of the collateral.

• The Purchase or Subscription Agreement: The Special Purpose Vehicle’s investors purchase beneficial interests in the SPV or the SPV’s debt. These beneficial interests evidence:

(a): The right to receive payments from the SPV; or:
(b): An ownership interest in the underlying collateral, or:
(c): A ‘participation’ in the underlying collateral.

However, at the time of executing this agreement, the only consideration that the SPV can grant to investors in exchange for the purchase amount, consists of promises to purchase the collateral in the future, and to make payments from the SPV’s assets.

Hence, an existing asset is being exchanged for a future asset that does not exist as of the date of the purchase/subscription agreement.

• Furthermore, all securitization offerings are done pursuant to ‘Subscription Agreements’ and likewise pursuant to Investor Questionnaires – both of which documents have to be signed by the prospective investor. None of the agreements signed by the investor as part of his/her purchase of the Special Purpose Vehicle’s Asset-Backed Securities expressly incorporates the promises that are embodied in the offering Prospectus. What typically exists is an implied agreement to subject the investor to the SPV’s articles of incorporation, Trust Indenture, and or Trustees’/Board of Directors’ (or Board of Trustees’) decisions.

• The SPV’s promise to pay interest/dividends on ABS IOs, Preferreds and POs are essentially illusory promises because the underlying collateral may not produce any cash flows: so there won’t be interest/dividend payments.

(3): No Bargain: Some courts have held that there is no consideration (and hence, the contract is void) where one party was not allowed to bargain for the alleged agreement (44).

In some securitizations, the process of setting offering prices for new Asset-Backed Securities issues does not afford all parties the opportunity to negotiate terms of the offering, especially individual investors, because the price of the ABS is typically determined primarily by the sponsor and the lead underwriters. Furthermore, in securitizations, the originator sets the terms of the Special Purpose Vehicle (trust documents, articles of incorporation, bylaws, etc.).

(4): No mutuality (45): In the securitization context, for there to be mutuality:

(a): Each party must have firm control of the subject matters of the contract and the underlying assets (consideration), and:
(b): There should/MUST be a direct contractual relationship between the parties concerned. At time of the Subscription Agreement, the Special Purpose Vehicle typically does not own or have rights to the collateral, and hence, there is not mutuality.

Furthermore, the concept of ‘piercing the SPV veil’ is introduced here (similar to ‘piercing the corporate veil’) and applies, since the following conditions exist:

• The economics of the transaction are an asset transfer from the sponsor/originator party to the Special Purpose Vehicle investors, in exchange for a loan to the sponsor.

• However, there is no direct contractual relationship.

• The sponsor typically controls the Special Purpose Vehicle before the Asset-Backed Securities offering and thus determines (or very substantially influences) the SPV’s post-offering operating characteristics. Since the prospective ABS investors don’t have firm pre-offering control of the SPV and cannot influence its post-offering policies, there is no mutuality between the SPV and the ABS investors; and securitization is accordingly void.

• The sponsor influences the appointment of the SPV’s Trustees or Board of Directors.
Thus, under contract law, the use of the Special Purpose Vehicle in securitization effectively eliminates any mutuality between the two main contracting parties: the sponsor and the investors. Secondly, there is no mutuality between the Special Purpose Vehicle and the investors:

• The Special Purpose Vehicle’s corporate documents (trust indentures or bylaws or articles of incorporation) typically limit the rights of each ABS investors and the group of Asset-Backed Securities investors.

Thirdly, there is no mutuality at all between the Special Purpose Vehicle and the sponsor/originator, because both entities are essentially the same, and are controlled by the sponsor before and after the securitization takes place.

(5): Illegal subject matter and contravention of public policy 46: As explained in preceding sections of this analysis, securitization constitutes violations of the Antitrust laws and US Federal R.I.C.O. statutes; and hence, the contracts used to effect securitizations are void and illegal.

CONCLUSION:
Under US legislation, Securitization is MANIFESTLY ILLEGAL.

Notes and References:

(1): Yamazaki Kenji, What makes Asset Securitization Inefficient? (2005); Berkeley Electronic Press, Working Paper #603; Steven Schwarcz, Enron and The Use and Abuse of Special Purpose Entities In Corporate Structures, 70 U. Cin. L. Rev. 1309 (2002); See further: Carlson D. (1998), The Rotten Foundations of Securitization, William & Mary Law Review, 39; Lupica L (2000), Circumvention of The Bankruptcy Process: The Statutory Institutionalization of Securitization, Connecticut Law Review, 33: 199-210; Thomas Plank, 2004, The Security of Securitization and The Future of Security, 25 Cardozo L. Rev. 1655 (2004).

(2): On securitization, see: Eastgroup Properties v. Southern Motel Association, Ltd., 935 F.2d 245 (11th Cir. 1991); Union Savings Bank v. Augie/Restivo Baking Co. (In Re Augie/Restivo Baking Co.), 860 F.2d 515 (2d Cir. 1988); In Re Bonham, 229 F.3d 750 (9th Cir. 2000); In Re Central European Industrial Development Company LLC, 288 B.R. 572 (Bankr. N.D. Cal. 2003); Special Report by the TriBar Opinion Committee, Opinions in the Bankruptcy Context: Rating Agency, Structured Financing, and Chapter 11 Transactions, 46 Business Lawyer 717 (1991); Sargent, Bankruptcy Remote Finance Subsidiaries: The Substantive Consolidation Issue, 44 Business Lawyer 1223 (1989). See In re Kingston Square Associates, 214 B.R. 713 (Bankr. S.D.N.Y. 1997). On “True-sale” and “signment” distinctions, see: Major’s Furniture Mart, Inc. v. Castle Credit Corporation, Inc., 602 F.2d 538 (3rd Cir. 1979); In re Major Funding Corporation, 82 B.R. 443 (Bankr. S.D. Tex. 1987); Fox v. Peck Iron and Metal Company, Inc., 25 B.R. 674 (Bankr. S.D. Cal. 1982); Carter v. Four Seasons Funding Corporation, 97 S.W.3d. 387 (Ark. 2003); A.B. Lewis Co. v. Nat’l Investment Co. of Houston, 421 S.W.2d 723 (Tex. Civ. App. – 14th Dist. 1967); Resolution Trust Corp. v. Aetna Casualty and Surety Co. of Illinois, 25 F.3d 570, 578 (7th Cir. 1994); In re Royal Crown Bottlers of North Alabama, Inc., 23 B.R. 28 (Bankr. N.D. Ala. 1982) (addressing ‘reasonably equivalent value’ in transfer by parent to subsidiary); Butner v. United States, 440 U.S. 48 (U.S. 1979); In re Schick, 246 B.R. 41, 44 (Bankr. S.D.N.Y. 2000): (State law determines the extent of the debtor’s interest; bankruptcy law determines whether that interest is “property of the estate”).

See specifically: Homburger & Andre, Real Estate Sale and Leaseback Transactions and the Risk of Recharacterization in Bankruptcy, 24 Real Property, Probate and Trust Journal 95, (1989). See: In re Integrated Health Services, Inc., 260 B.R. 71 (Bankr. Del. 2001).

See: HSBC Bank v. United Air Lines, Inc., 317 B.R. 335 (N.D. Ill. 2004). See: Jonathan C. Lipson, Enron, Asset Securitization and Bankruptcy Reform: Dead or Dormant?, 11 J. Bankr. L. & Prac. 1 (2002). See: Peter J. Lahny IV, Asset Securitization: A Discussion of the Traditional Bankrupt Attacks and an Analysis of the Next Potential Attack, Substantive Consolidation, 9 Am. Bankr. Inst. L. Rev. 815 (2001). See: Lois R. Lupica, Revised Article 9, Securitization Transactions and the Bankruptcy Dynamic, 9 Am. Bankr. Inst. L. Rev. 287 (2001). See: Lois R. Lupica, Circumvention of the Bankruptcy Process: The Statutory Institutionalization of Securitization, 33 Conn. L. Rev. 199 (2000). See further: Lois R. Lupica, Asset Securitization: The Unsecured Creditors Perspective, 76 Tex. L. Rev. 595 (1998). See: Stephen I. Glover, Structured Finance Goes Chapter 11: Asset Securitization by the Reorganizing Companies, 47 Bus. Law 611, 627 (1992). See: Thomas J. Gordon, Securitization of Executory Future Flows as Bankruptcy-Remote True Sales, 67 U. Chi. L. Rev. 1317, 1322-23 (2000).

See: In Re Kingston Square Assocs., 214 B.R. 713 (Bankr. S.D.N.Y. 1997) (creditors brought an involuntary petition against an SPV).

(3): On corporate governance issues pertaining to SPVs and securitization see the following materials: See: In Re Buckhead America Corp., #s 91-978 through 91-986 (Bankr. D. Del, Aug. 13, 1992); In Re Minor Emergency Center of Tamarac Inc., 45 BR 310 (Bankr. SD.FL., 1985); Revlon Inc. v. Mac andrews & Forbes Holdings, 506 A2d 173 (Del. 1986); In Re Kingston Square Associates, 214 BR 713 (Bnakr. SDNY 197).

See: Sheryl Gussset, A Not-So-Independent Director In A Bankruptcy Remote Structure, 17 Am. Bankr. Inst. J. 24 (1998). See: Roberg Dean Ellis, Securitization, Fiduciary Duties and Bondholders Rights, 24 J. Corp. L. 295 (1999). See: Richard Graf, Use of LLCs As Bankruptcy Proof Entities Widens, National L. J. , April 10, 1995 at B16. See: Schwarcz Steven, Enron and The Use and Abuse of Special Purpose Entities In Corporate Structures, 70 U. Cin. L. Rev. 1309 (2002). See: Schwarcz, Steven, Securitization Post-Enron, 25 Cardozo L. Rev. 1539 (2004). See also: Thomas Plank, 2004 Symposium: The Security of Securitization and The Future of Security, 25 Cardozo L. Rev. 1655 (2004). See: Thomas H, Effects of Asset Securitization On Seller Claimants, Journal of Financial Intermediation, 10: 306-330. See also: Nolan, Anthony, Synthetic Securitizations and Derivatives Transactions by Banks: Selected Regulatory Issues, Journal of Structured Finance, Fall 2006.

See: American Securitization Forum, ASF Securitization Institute: The Securitization Legal and Regulatory Framework, 2006. See: Yamazaki, Kenji, What makes Asset Securitization Inefficient? Working Paper # 603, Berkeley Electronic Press.

(4): See: Schwarcz S. (1999). Rethinking Freedom of Contract: A Bankruptcy Paradigm, Texas Law Review, 77: 515-599. See: Klee K & Butler, Asset-Backed Securitization, Special Purpose Vehicles and Other Securitization Issues. Uniform Commercial Code Law Journal, 35( 2). See: Carlson D (1998). The Rotten Foundations of Securitization, William & Mary Law Review, 39: See: Janger, Edward J, Muddy Rules For Securitizations, Fordham Journal of Corporate & Financial Law, 2002. See: Lois R. Lupica, Circumvention of the Bankruptcy Process: The Statutory Institutionalization of Securitization, 33 CONN. L. REV. 199 (2000). See: Steven L. Schwarcz, The Inherent Irrationality of Judgment Proofing, 52 STAN. L. REV. 1 (1999). See: S. 420, 107th Cong. 912 (2001); H.R. 333, 107th Cong. 912 (2001). See: Steven L. Schwarcz, The Impact on Securitization of Revised UCC Article 9, 74 Cm. KENT L. REV. 947 (1999) (“Revised Article 9 attempts to broaden its coverage to virtually all securitized assets”). See: Claire A. Hill, Securitization: A Low-Cost Sweetener for Lemons, 74 WASH. U. L.Q. 1061 (1996). See: Yamazaki Kenji, What makes Asset Securitization Inefficient? (2005); Berkeley Electronic Press, Working Paper #603. See: Saayman, Andrea, Securitization and Bank Liquidity In South Africa, Working Paper, Potchefstroom University, South Africa.

See: Sargent Patrick, Structural and Legal Issues in Commercial Mortgage Securitization Transactions, November 1, 2004.

(5): See: Schwarcz S. (2004). Is Securitization Legitimate? International Financial Law Review, 2004 Guide To Structured Finance, pp.115. See additionally: Schwarcz S (2002). The Universal Language of International Securitization, Duke (University) Journal of Comparative and International Law, 12:285-300. See: Frankel T., Cross-Border Securitization: Without Law But Not Lawless, Duke Journal of Comparative and International Law, 8: 255-265.

See further: Kanda H. Securitization In Japan, Duke Journal of Comparative and International Law, 8: 359-370. See: Klee K & Butler B. Asset-Backed Scuritization, Special Purpose Vehicles and Other Securitization Issues, Uniform Commercial Code Law Review, 35(3):23-33. See: Higgin E & Mason J. (2004). What Is The Value of Recourse To ABS? A Study of The Credit Card Bank ABS Rescue, Journal of Banking & Finance, 28(4):857-874. See: Carlson D (1998), The Rotten Foundations of Securitization, William & Mary Law Review, 39: See: Elmer P., Conduits: Their Structure and Risk, FDIC Banking Review, pp. 27-40.

See: Dawson P. Ratings Games With Contingent Transfer: A Structured Finance Illusion, Duke Journal of Comparative & International Law, 8: 381-391.

(6): See: Fogie v. Thorn, 95 F3d 645 (CA8, 1996) (cert. den.) 520 US 1166; Police v. National Tax Funding LP, 225 F3d 379 (CA3, 2000); Najarro v. SASI Intern. Ltd, 904 F2d 1002 (CA5, 1990) (cert. den.) 498 US 1048; Video Trax v. Nationsbank NA, 33 Fsupp2d 1041 (S.D.Fla.,1998) (affirmed) 205 F3d 1358(cert. den.) 531 US 822; In Re Tammy Jewels, 116 BR 290 (M.D.Fla., 1990); and: ECE technologies v. Cherrington Corp., 168 F3d 201 (CA5, 1999); Colony Creek Ltd. v. RTC, 941 F2d 1323 (CA5, 1991) (rehearing denied); Sterling Property Management v. Texas Commerce Bank, 32 F3d 964 (CA5, 1994); Pearcy Marinev. Acadian offshore Services, 832 Fsupp 192 (S.D.TX, 1993); In Re Venture Mortgage Fund LP, 245 BR 460 (SDNY, 2000); In Re Donnay, 184 BR 767 (D.Minn, 1995); Johnson v. Telecash Inc., 82 FSupp2d 264 (D.Del., 1999) (reversed in part) 225 F2d 366 (cert. denied) 531 US 1145; Shelton v. Mutual Savings & Loan Association, 738 FSupp 50 (E.D.Mich., 1990); S.E.C. v. Elmas Trading Corporation, 638 F. Supp 743 (D.Nevada, 1987) (affirmed) 865 F2d 265; contrast: J2 Smoke Shop Inc. v. American Commercial Capital Corp., 709 FSupp 422 (SDNY 1989) (cost of funds); In Re Powderburst Corp., 154 BR 307 (E.D.Cal. 1993) (original issue discount); In Re Wright, 256 BR 626 (D.Mont., 2000) (difference between the face amount and amount actually recovered or owed by debtor); In Re MCCorhill Pub. Inc., 86 BR 283 (SDNY 1988); In Re Marill Alarm Systems, 81 BR 119 (S.D.Fla., 1987) (affirmed) 861 F2d 725; In Re Dent, 130 BR 623 (S.D.GA, 1991); In Re Evans, 130 BR 357 (S.D.GA, 1991); contrast: In Re Cadillac Wildwood Development, 138 BR 854 (W.D. Mich., 1992) (closing costs are interest costs); In Re Brummer, 147 BR 552 (D.Mont., 1992); In Re Sunde, 149 BR 552 (D.Minn., 1992); Matter of Worldwide Trucks, 948 F2d 976 (CA5,1991) (agreement concerning applicable interest rate may be established by course of conduct); Lovick v. Ritemoney Ltd, 378 F3d 433 (CA5, 2004); In Re Shulman Transport, 744 F2d 293 (CA2, 1984); Torelli v. Esposito, 461 NYS2d 299 (1983) (reversed) 483 NYS2d 204; Reschke v. Eadi, 447 NYS2d 59 (NYAD4, 1981); Elghanian v. Elghanian, 717 NYS2d 54( NYAD1, 2000) (leave to appeal denied) 729 NYS2d 410 (here, there was no consideration in exchange for loan, and transaction violated usury laws); Karas v. Shur, 592 NYS2d 779 (NYAD2, 1993); Simsbury Fund v. New St. Louis Associates, 611 NYS2d 557 (NYAD1, 1994); Rhee v. Dahan, 454 NYS2d 371 (NY.Sup., 1982); Hamilton v. HLT Check Exchange, LLP, 987 F. Supp. 953 (E.D. Ky. 1997); Turner v. E-Z Check Cashing of Cookeville, TN, Inc., 35 F.Supp.2d 1042 (M.D. Tenn. 1999); Hurt v. Crystal Ice & Cold Storage Co., 286 S.W. 1055, 1056-57 (Ky. 1926); Phanco v. Dollar Financial Group., Case No. CV99-1281 DDP (C.D. Cal., filed Feb. 8, 1999). See: Van Voris, B. (May 17, 1999) ‘‘Payday’ Loans Under Scrutiny’, National Law Journal, p. B1.

(7): See: 26 U.S.C. § 7201. 26 USC Subtitle F, Chapter 75.
See: Cheek v. United States, 498 U.S. 192 (1991).

(8): SEC v. Towers Financial Corp. et al., 93 Civ. 744 (WK) (S.D.N.Y.)

(9): See: Schwarcz Steven, Enron and The Use and Abuse of Special Purpose Entities In Corporate Structures, 70 U. Cin. L. Rev. 1309 (2002). See: Schwarcz, Steven, Securitization Post-Enron, 25 Cardozo L. Rev. 1539 (2004). See: Thomas Plank, 2004 Symposium: The Security of Securitization and The Future of Security, 25 Cardozo L. Rev. 1655 (2004).

See further: Thomas H., Effects of Asset Securitization On Seller Claimants, Journal of financial Intermediation, 10: 306-330. See: Yamazaki, Kenji, What Makes Asset Securitization Inefficient? Working Paper # 603, Berkeley Electronic Press.

(10): The Uniform Fraudulent Transfer Act reads as follows:

SECTION 4: TRANSFERS FRAUDULENT AS TO PRESENT AND FUTURE CREDITORS:

(a) A transfer made or obligation incurred by a debtor is fraudulent as to a creditor, whether the creditor’s claim arose before or after the transfer was made or the obligation was incurred, if:

(1) with actual intent to hinder, delay, or defraud any creditor of the debtor; or (2) without receiving a reasonably equivalent value in exchange for the transfer or obligation, and the debtor:

(i): was engaged or was about to engage in a business or a transaction for which the remaining assets of the debtor were unreasonably small in relation to the business or transaction; or:
(ii): intended to incur, or believed or reasonably should have believed that he [or she] would incur, debts that would be beyond his [or her] ability to pay as they became due.

(b) In determining actual intent under subsection (a)(1), consideration may be given, among other factors, to whether:

(1): The transfer or obligation was to an insider;
(2): The debtor retained possession or control of the property transferred after the transfer;
(3): The transfer or obligation was disclosed or concealed;
(4): Before the transfer was made or obligation was incurred, the debtor had been sued or threatened with suit;
(5): The transfer was of substantially all the debtor’s assets;
(6): The debtor absconded;
(7): The debtor removed or concealed assets;
(8): The value of the consideration received by the debtor was reasonably equivalent to the value of the asset transferred or the amount of the obligation incurred;
(9): The debtor was insolvent or became insolvent shortly after the transfer was made or the obligation was incurred;
(10): The transfer occurred shortly before or shortly after a substantial debt was incurred; and:
(11): The debtor transferred the essential assets of the business to a lienor who transferred the assets to an insider of the debtor. Under both the US Bankruptcy Code and UFTA (Section 544 of the US Bankruptcy Code also allows unsecured creditors to sue in Federal Bankruptcy Court using applicable State), judges must determine whether there has been Fraudulent Conveyance. Courts have developed a series of factors as criteria for proving the requisite intent. The factors to be considered (“badges of fraud”) in determining Fraudulent Conveyance include:

• Whether the transfer represented substantially all of the debtor’s assets.
• Whether the transfer was made around the time a substantial debt was incurred.
• Whether the debtor received reasonable consideration equivalent to the value of the assets conveyed or the obligation incurred.
• Whether the debtor became insolvent soon after the transfer.
• Whether the transfer was made to insiders or family members.
• Whether the transfer or the assets were concealed

(11): See: Roman Dan, Sarlito M & Mukhtiar A (Winter 2007), Risks to Consider when purchasing Technology-based IP for Securitization, Working Paper. See additionally: Nolan Anthony, Synthetic Securitizations and Derivatives Transactions by Banks: Selected Regulatory Issues, The Journal of Structured Finance, Fall 2006. See: Lucas Douglas, Goodman Laurie & Fabozzi Frank, Hybrid Assets in an ABS CDO: Structural Advantages and Cash Flow Mechanics, Journal of Structured Finance (Fall 2006). See further: Prince, Jeffrey, A General Review of CDO Valuation Methods, Journal of Structured and Project Finance (Summer 2006).

(12): See: Peter V. Pantaleo et al., Rethinking the Role of Recourse in the Sale of Financial Assets, 52 Bus. Law. 159, 159-63 (1996) (discussing types of permissible and impermissible recourse for sale treatment). See: Thomas E. Plank, The True Sale of Loans and the Rôle of Recourse, 14 GEO. MASON L. Rev. 287 (1991). See: Gordon T (2000). Securitization of Executory Future Flows As bankruptcy-Remote True Sales, University of Chicago Law Review, 67:1317-1322. See: Higgin E & Mason J (2004). What Is The value of Recourse To Asset-Backed Securities? A Study of Credit Card Bank ABS Rescues, Journal of Banking & Finance, 28(4); 857-874.

(13): See: Peter V. Pantaleo et al., Rethinking the Rôle of Recourse in the Sale of Financial Assets, 52 Bus. Law. 159, 159-63 (1996) (discussing types of permissible and impermissible recourse for sale treatment); See: Thomas E. Plank, The True Sale of Loans and the Role of Recourse, 14 GEO. MASON L. Rev. 287 (1991). See: Higgin E. & Mason J. (2004), What Is The value of Recourse To Asset-Backed Securities? A Study of Credit Card Bank ABS Rescues, The Journal of Banking & Finance, 28(4); 857-874. See: Lois R. Lupica, Revised Article 9, Securitization Transactions and the Bankruptcy Dynamic, 9 AM. BANKR. INST. L. REV. 287, 291-92 (2001). See: Carol M. Rose, Crystals and Mud in Property Law, 40 STAN. L. REV. 577, 600 (1988). See: Louis Kaplow, Rules Versus Standards: An Economic Analysis, 42 Duke L.J. 557 (1992).

(14): See: Yamazaki, Kenichi, What makes Asset Securitization Inefficient?, 2005.
Working Paper #603, Berkeley Electronic Press.

(15): See: Yamazaki (2005), supra.

(16): See: Schwarcz (2002), supra. See: Schwarcz (2004), supra. See: Klee & Butler, supra. See: Lipson J C (2002). Enron, Asset Securitization and Bankruptcy Reform: Dead or Dormant? Journal
of Bankruptcy Law & Practice, 11: 1-15. See: Lupica L (2001). Revised Articles Nine, Securitization Transactions and The Bankruptcy Dynamic, American Bankruptcy Institute Law Review, 9:287-299. See: Garmaise M (2001), Rational Beliefs and Security Design, Review of Financial Studies, 14(4):1183-1213. See: David A (1997), Controlling Information Premia by Repackaging Asset Backed Securities, Journal of Risk & Insurance, 64(4):619-648. See: DeMarzo P (2005), The Pooling and Tranching of Securities: A Model of Informed Intermediation, Review of Financial Studies, 18(1):1-35. See further: Report by The Committee On Bankruptcy and Corporate Reorganization of The Association of The Bar of The City of New York (2000): New Developments In Structured Finance, The Business Lawyer, 56: 95-105. See: Lupica L (2000), Circumvention of The Bankruptcy Process: The Statutory Institutionalization of Securitization, Connecticut Law Review, 33:199-209.

See further: Glover S (1992), Structured Finance Goes Chapter Eleven: Asset Securitization by the Reorganizing Companies, The Business Lawyer, 47:611-621. See: Gordon T (2000), Securitization of Executory Future Flows as bankruptcy-Remote True Sales, The University of Chicago Law Review, 67:1317-1322. See: Elmer P., Conduits: Their Stricture and Risk, FDIC Banking Review, pp.27-40. See: Lois R. Lupica, Revised Article 9, Securitization Transactions and the Bankruptcy Dynamic, 9 AM. BANKR. INST. L. REV. 287, 291-92 (2001). See: Steven L. Schwarcz, The Inherent Irrationality of Judgment Proofing, 52 STAN. L. REV. 1 (1999). See: Lynn M. LoPucki, The Irrefutable Logic of Judgment Proofing: A Reply to Professor Schwarcz, 52 STAN. L. REV. 55 (1999). See: Steven L. Schwarcz, The Impact on Securitization of Revised UCC Article 9, 74 Cm.KENT L. REV. 947 (1999) (“Revised Article 9 attempts to broaden its coverage to virtually all securitized assets”).

See: Christopher W. Frost, Asset Securitization and Corporate Risk Allocation, 72 TUL. L. REV. 101 (1997); See: Claire A. Hill, Securitization: A Low-Cost Sweetener for Lemons, 74 WASH. U. L. Q. 1061 (1996). See: Steven L. Schwarcz, Judgment Proofing: A Rejoinder, 52 STAN. L. REV. 77 (1999).

(17): See: Reams B & Manz W (eds.), FEDERAL BANKRUPTCY LAW: A LEGISLATIVE HISTORY OF THE BANKRUPTCY REFORM ACT OF 1994. See further: The Legislative History of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005; (FRB Leg. Hist); (S. 256 -LoC); Pub. L. 109-8, April 20, 2005, 119 Stat, 23. http://www.llsdc.org/sourcebook/leg-hist.htm.

See: Bankruptcy Reform Act of 1978: A Legislative History, Hein. See: Federal Bankruptcy Law: A Legislative History of The Bankruptcy Act of 1994; Pub. L. No. 103-394, 108 Stat. 4106, including the National Bankruptcy Commission Act and Bankruptcy Amendments (1987-1993).

See further: Ahern, Lawrence (Spring 2001). “Workouts” Under Revised Article Nine: A Review of Changes and Proposal For Study, American Bankruptcy Institute Law Review, 9:115-125.

See also: Ribstein, Larry & Kobayashi, Bruce (1996), An Economic Analysis of Uniform State Laws, Journal of Legal Studies, 25(1):131-199.

(18): See: Ashta A & Tolle L (2000), Criteria for Selecting Restructuring Strategies for Distressed or Declining Enterprises, Cahners Du Ceren, 6:1-20. See: Carlson D (1998). The Rotten Foundations of Securitization, William & Mary Law Review, 39. See: Higgin E & Mason J (2004), What is the value of Recourse to Asset-Backed Securities? A Study of Credit Card Bank ABS Rescues, in the Journal of Banking & Finance, 28(4); 857-874. See: Albany Insurance v. Esses, 831 F2d 41 (CA2, 1987) (making false statements about value of asset was a “predicate act”); Howell Hydrocarbons v. Adams, 897 F2d 183 (CA5 1990) (under Federal R.I.C.O. statutes, making a company look solvent when its not, constitutes a ‘predicate act’); The Matter of Lewisville Properties, 849 F2d 946 (CA5, 1988) (under Federal R.I.C.O., false pretenses constitutes ‘predicate acts’). See also: Bens D & Monahan S (Feb. 2005), Altering Investment Decisions to [conform to] Management Financial Reporting Outcomes: Asset Backed Commercial Paper Conduits and FIN 46, Working Paper.

(19): In the following cases, the named courts held that pre-petition waivers of the right to file for voluntary/involuntary bankruptcy, were unenforceable. See: In Re Huang, 275 F3d 1177 (CA9, 2002) (it is against public policy for a debtor to waive the pre-petition protection of the Bankruptcy Code); In Re South East Financial Associates, 21 BR 1003 (M.D.Fla, 1997); And: In Re Tru Block Concrete Products Ins., 27 BR 486 (E.D.Pa., 1995) (advance agreement to waive the benefits of bankruptcy law is void as against public policy); In Re Madison, 184 BR 686, 690 (E.D.Pa, 1995) (even bargained-for and knowing waivers of the right to seek bankruptcy protection must be deemed void); In Re Club Tower LP, 138 BR 307 at 312 (N.D.Ga, 1991); In Re Graves, 212 BR 692 (BAP, CA1, 1997); In Re Pease, 195 BR 431 (D.Neb., 1996); And: In Re Jenkins Court Associates Ltd. Partnership, 181 BR 33 (E.D.Pa., 1995); In Re Sky Group International Inc., 108 BR 86 (W.D.Pa., 1989); Association of St.Croix Condominium Owners v. St. Croix Hotel Corp., 692 F2d 446 (CA3, 1982).

But contrast: In Re University Commons LP, 200 BR 255 (M.D.Fla.) (debtors agreement that in the event debtor enters bankruptcy proceedings, the secured lender shall be entitled to court order dismissing the case as ‘bad faith’ filing an determining that: (i) no rehabilitation or reorganization is possible, and (ii) dismissing all creditor/ ABS-investor’s right to file for involuntary bankruptcy 21, 22: US courts have repeatedly asserted that bankruptcy proceedings are in the best interests of parties and all other creditors, and this is binding); In Re Little Creek Development, 779 F2d 1068 (CA5, 1986). See: 124 Congr. Record H 32, 401 (1978).

(20): There are several cases that hold that pre-petition waivers of the right to file for voluntary or involuntary bankruptcy, are enforceable: thus: In Re Shady Grove tech Center Associates Limited Partnership, 216 BR 386 (D.Md., 1998) (waiver of the right to file for bankruptcy is unenforceable) (opinion supplemented) 227 BR 422 (D.Md., 1998); In Re Atrium High Point Ltd. partnership, 189 BR 599 (MDNC 1995); In Re Darrell Creek Associates, 187 BR 908 (DSc, 1995); In Re Cheeks, 167 BR 817 (D.Sc, 1997); In Re McBride Estates, 154 BR 339 (N.D.Fla., 1993); In Re citadel Properties, 86 BR 275, MD.Fla., 1988); In Re Gulf Beach Development Corp., 48 BR 40 (M.D.Fla., 1985).

However, these cases are very distinguishable from standard securitization transactions because the following characteristics and/or conditions existed in these cases: (a) they involve only single-asset entities; (b) these entities had no employees; (c) the timing of filing of bankruptcy petition indicates an intent to delay or to frustrate creditors’ proper efforts to enforce their rights after a workout had failed; (d) there were no or few unsecured non-insider creditors (those existing had small claims); (e) there was no realistic chance of rehabilitation or reorganization; (f) the assets did not produce any cashflow.

(21): See cases cited in Notes 5, 6, 19 and 20.

(22): On pre-petition waivers of right to file for bankruptcy and waivers of bankruptcy stays, see: In re Huang, 275 F.3d 1173, 1177 (9th Cir. 2002) (“It is against public policy for a debtor to waive the pre-petition protection of the Bankruptcy Code”); In re Shady Grove Tech Center Assocs. Limited Partnership, 216 B.R. 386, 389 (Bankr. D. Md. 1998) (“The courts have uniformly held that a waiver of the right to file a bankruptcy case is unenforceable”); In re Tru Block Concrete Prods., Ins., 27 B.R. 486, 492 (Bankr. E.D. Pa. 1995) (advance agreement to waive the benefits conferred by bankruptcy law is void as against US public policy); In re Madison, 184 B.R 686, 690 (Bankr. E.D. Pa. 1995) (even bargained-for and knowing waivers of the right to seek bankruptcy protection must be deemed void); In re Club Tower L.P., 138 B.R. 307, 312 (Bankr. N.D. Ga. 1991); further, In re Orange Park S. Partnership, 79 B.R. 79, 82 (Bankr. M.D. Fla. 1987); In re Aurora Invs., 134 B.R. 982, 985 (Bankr. M.D. Fla. 1991) (debtor’s agreement that petition, if filed, would be in “bad faith” if its primary purpose is to delay foreclosure sale, is binding); In re University Commons, L.P., 200 B.R. 255, 259 (Bankr. M.D. Fla. 1996) (debtor’s agreement that in the event that debtor becomes subject of bankruptcy case secured lender shall be entitled to order dismissing case as “bad faith” filing and determining that (i) no rehabilitation or reorganization is possible, and (ii) dismissing all court proceedings is in the best interest of parties and all other creditors, is binding); In Re Little Creek Dev. Co., 779 F.2d 1068, 1073 (5th Cir. 1986). 47212 B.R. 1003, 1005 (Bankr. M.D. Fla. 1997). See: 124 Cong. Rec. H 32, 401 (1978) (“The explicit reference in Title-11 forbidding the waiver of certain rights is not intended to imply that other rights, such as the right to file a voluntary bankruptcy case under section 301, maybe waived”). See further: Klee, Kenneth & Butler, Brendt, Asset-backed Securitization, Special Purpose Vehicles and Other Securitization, Working Paper. Cases that enforced pre-petition waivers of the automatic stay focus upon:

(i): The financial sophistication of the borrower;
(ii): The creditor’s demonstration that significant consideration was given
for the pre-petition waiver;
(iii): The effect of the enforcement of the pre-petition waiver upon other
parties having legitimate interests in the outcome;
(iv): Circumstances of the parties at the time enforcement of the pre-petition waiver is sought;
(v): The enforcement of the pre-petition waiver being consistent
with public policy of encouraging out of court restructurings and settlements with creditors; and:
(vi): Other indicia which support granting relief from stay, such as “bad faith” criteria (i.e. single-asset case, two-party dispute, long history of pre-petition workouts, newly formed entity, filing on eve of foreclosure, no ongoing business to reorganize, few employees, no unencumbered funds, etc.). Cases that held that pre-petition stay waivers were enforceable include: In Re Shady Grove Tech Ctr. Assocs., L.P., 216 B.R.386, 390 (Bankr. D. Md. 1998); In Re Atrium High Point L.P., 189 B.R. 599, 607 (Bankr. M.D.N.C. 1995); In Re Darrell Creek Assocs., L.P., 187 B.R. 908, 910 (Bankr. D.S.C. 1995); In Re Cheeks, 167 B.R. 817, 818 (Bankr. D.S.C. 1994); In Re Powers, 170 B.R. 480, 483 (Bankr. D. Mass. 1994); In Re McBride Estates, Ltd., 154 B.R. 339, 343 (Bankr. N.D. Fla. 1993); In Re Citadel Properties, Inc., 86 B.R. 275, 276 (Bankr. M.D. Fla. 1988); In Re Gulf Beach Development Corp., 48 B.R. 40, 43 (Bankr. M.D. Fla. 1985).

Several courts, however, have refused to enforce pre-petition waivers
for any of the following reasons:

(i): The pre-petition waiver is the equivalent to an ipso facto clause;
(ii): Such clause is void as against public policy by depriving the debtor
of the use and benefit of property upon the filing of a bankruptcy case;
(iii): The borrower lacks the capacity to act on behalf of the debtor in possession;
(iv): The debtor has a business with a reasonable chance at reorganization and enforcement of the waiver would otherwise prejudice third-party creditors;
(v): The automatic stay is designed to protect all creditors and may not be waived by the debtor unilaterally to the detriment of creditors; and:
(vi): The waiver was obtained by coercion, fraud or mutual mistake of facts. Courts that have refused to enforce pre-petition waivers of the automatic stay have reasoned that the automatic stay protects not only debtors but also other creditors. US Courts disagree sharply about the utility, benefits and desirability of the enforcement of pre-petition waivers, and relevant criteria. Some courts have held that a pre-petition automatic stay waiver may be considered as a factor in determining whether cause exists for relief from the stay.

See aslo: In Re Darrell Creek Assocs., L.P., 187 B.R. 908, 913 (Bankr. D.S.C. 1995) (“out of court workouts are to be encouraged and are often effective”); In Re Cheeks, 167 B.R. 817, 819 (Bankr. D.S.C. 1994) (“the most compelling reason for enforcement of the forbearance agreement is to further the public policy in favor of encouraging out of court restructuring and settlements”);
In Re Club Tower L.P., 138 B.R. 307, 312 (Bankr. N.D. Ga. 1991) (“enforcing pre-petition settlement agreements furthers the legitimate public policy of encouraging out of court restructurings and settlements”). Cases holding pre-petition automatic stay waivers unenforceable include: In Re Southeast Financial Assocs., Inc., 212 B.R. 1003, 1005 (Bankr. M.D. Fla. 1997); In Re Graves, 212 B.R. 692, 694 (B.A.P. 1st Cir. 1997); In Re Pease, 195 B.R. 431, 433 (Bankr. D. Neb. 1996); In Re Jenkins Court Assocs. L.P., 181 B.R. 33, 37 (Bankr. E.D. Pa. 1995);Farm Credit of Cent. Fla., ACA v. Polk, 160 B.R. 870, 873-74 (M.D. Fla. 1993); Farm Credit of Cent. Fla., ACA v. Polk, 160 B.R. 870, 873-74 (M.D. Fla. 1993) (”The policy behind the automatic stay is to protect the debtor‘s estate from being depleted by creditor’s lawsuits and seizures of property before the debtor has had a chance to marshal the estate’s assets and distribute them equitably among creditors“); In Re Sky Group Int’l, Inc., 108 B.R. 86, 89 (Bankr. W.D. Pa. 1989) (”To grant a creditor relief from stay simply because the debtor elected to waive the protection afforded the debtor by the automatic stay ignores the fact that it also is designed to protect all creditors and to treat them equally“) (citing Assoc. of St. Croix Condominium Owners v. St. Croix Hotel Corp., 682 F.2d 446 (3d Cir. 1982)). Also see: In re Shady Grove Tech Ctr. Assocs., L.P., 216 B.R. 386, 393-94 (Bankr. D. Md. 1998); In re S.E. Fin. Assocs., Inc., 212 B.R. 1003, 1005 (Bankr. M.D. Fla. 1997); In re Darrell Creek Assocs., L.P., 187 B.R. 908, 910 (Bankr. D.S.C. 1995); In re Powers, 170 B.R. 480, 483 (Bankr. D. Mass. 1994); In re Cheeks, 167 B.R. 817, 819 (Bankr. D.S.C. 1994); In Re Shady Grove Tech Ctr. Assocs., L.P., 216 B.R. 386, 393-94 (Bankr. D. Md. 1998) (granting a stay relief for cause based upon a finding which included debtor’s pre-petition agreement not to contest request for stay relief given as part of pre-petition restructuring in which debtor was afforded substantial consideration). See: Steven L. Schwarcz, Rethinking Freedom of Contract: A Bankruptcy Paradigm, 77 Tex. L. Rev. 515 (1999). See: In Re Club Tower L.P., 138 B.R. 307, 311-12 (Bankr. N.D. Ga. 1991).

(23): See: Schwarcz S. (1999). Rethinking Freedom of Contract: A Bankruptcy Paradigm, Texas Law Review, 77: 515-599. See: Klee K & Butler B Asset-Backed Securitization, Special Purpose Vehicles and Other Securitization Issues, Uniform Commercial Code Law Journal, 35(2):. See: Carlson D (1998), The Rotten Foundations of Securitization, William & Mary Law Review, 39:

(24): See notes 5, 6, 19 and 20, supra.

(25): See: Shakespeare C (2003). Do Managers Use Securitization Volume and Fair Value Estimates To Hit Earning Targets? Working Paper, University of Michigan (School of Business). See further: Shakespeare C (2001), Accounting For Asset Securitizations: Complex Fair Values and Earnings Management, Working Paper, University of Michigan.

(26): Wooten v. Loshbough, 649 Fsupp 531 (N.D.Ind. 1986) (on reconsideration) 738 Fsupp 314 (affirmed) 951 F2d 768 (under Federal R.I.C.O. statutes, the stripping of a company’s ability to pay a Court-ordered judgment claim was a ’predicate act‘).

(27): See: Kulzick R (2004). Sarbanes-Oxley: Effects on Financial
Transparency, S.A.M. Advanced Management Journal, 69(1): 43-49.

(28): See: Albany Insurance v. Esses, 831 F2d 41 (CA2, 1987) (under Federal R.I.C.O. statutes, making false statements about the value of asset was a ‘predicate act’); Howell Hydrocarbons v. Adams, 897 F2d 183 (CA5 1990) (under Federal R.I.C.O. statutes, making a company look solvent when its not, constitutes a ‘predicate act’).

(29): See: Lockheed Martin v. Boeing, 357 Fsupp2d 1350 (M.D.Fla., 2005) (bidder violated competitor’s property rights to proprietary information by using it to produce winning bids).

(30): See: Colloff M (2005), The Rôle of the Trustee in Mitigating Fraud in Structured Financings, Journal of Structured Finance, 10(4):73-85. See further: Shakespeare C (2003), Do Managers Use Securitization Volume and Fair Value Estimates to Hit Earning Targets? Working Paper, University of Michigan (School of Business).

See: Shakespeare C (2001), Accounting For Asset Securitizations: Complex Fair Values and Earnings Management. Working Paper, University of Michigan. See: Katyal K (2003), Conspiracy Theory, The Yale Law Journal, 112(6):1307-1398.

See: Geary W (2002), The Legislative Recreation of R.I.C.O.: Reinforcing The ‘myth’ of Organized Crime, Crime, Law & Social Change, 38(4):311-315. See: Kulzick R (2004), Sarbanes-Oxley: Effects on Financial Transparency, S.A.M. Advanced Management Journal, 69(1): 43-49. See: Painter R (2004), Convergence and Competition In Rules Governing Lawyers and Auditors, The Journal of Corporation Law, 29(2):397-426. See: Jordans R. (2003), The legal approach to investment advisers in different jurisdictions, Journal of Financial Regulation and Compliance, 11(2):169-171.

See: Blanque P. (2003), Crisis and Fraud, Journal of Financial Regulation & Compliance, 11(1):60-70. See: Pickholz M & Pickholz J (2001), Manipulation, Journal of Financial Crime, 9(2):117-133. See: Zey M(1999), The subsidiarization of the securities industry and the organization of securities fraud networks to return profits in the 1980s, Work and Occupations, 26(1):50-76.

See: Aicher R, Cotton D & Khan T (2004), Credit Enhancement: Letters of Credit, Guaranties, Insurance and Swaps, The Business Lawyer, 59(3):897-973. See: Brief T & Ms Sweeney T (2003), Corporate Criminal Liability, The American Criminal Review, 40(2): 337-366. See: Landrum D (2003), Governance of limited liability companies – Contrasting California and Delaware models, The Real Estate Finance Journal, 19(1).

(31): See: 18 USC 1961-1968.

(32): See: Alexander v. Thornbough, 713 FSupp 1271 (D.Minn. 1989) (appeal dismissed) 881 F2d 1081; Mira v. Nuclear Measurements Corp., 107 F3d 466 (CA7, 1997); US v. Manzella, 782 F2d 533 (CA5, 1986)(cert. Denied.) 476 US 1123; Cadle Co v. Flanagan, 271 Fsupp2d 379 (D.Conn., 2003); Seale v. Miller, 698 Fsupp 883 (N.D.G.A., 1988); Georgia Gulf Corp. v. Ward, 701 Fsupp 1556 (NDGA 1988); Wooten v. Loshbough, 649 FSupp. 531 (N.D.Ind. 1986) (on reconsideration) 738 Fsupp 314 (affirmed) 951 F2d 768 (stripping of company’s ability to pay judgment claim was ‘predicate act’ under R.I.C.O. statutes); Formax v. Hostert, 841 F2d 388 (CAFed, 1988); Abell v. Potomac Insurance, 858 F2d 1104 (CA5, 1988) (appeal after remand) 946 F2d 1160 (cert. denied) 492 US 918; Aetna Ca. Ins. Co. v. P & B Autobody, 43 F3d 1546 (CA1, 1994); Albany Insurance v. Esses, 831 F2d 41 (CA2, 1987) (making false statements about value of asset was a “predicate act”); Alfadda v. Fenn, 935 F2d 475 (CA2, 1991)(certiorari denied) 502 US 1005; Laird v. Integrated Resources, 897 F2d 826 (CA5, 1990); Shearin v. E F Hutton, 885 F2d 1162 (CA3, 1989); Bank One of Cleveland v. Abbe, 916 F2d 1067 (CA6, 1990); BancOklahoma Mortgage Corp. v. Capital Title Co., 194 F3d 1089 (CA10, 1999); Howell Hydrocarbons v. Adams, 897 F2d 183 (CA5 1990) (under Federal R.I.C.O. statutes, making a company look solvent when its not, constitutes a ‘predicate act’); Matter of Lewisville Properties, 849 F2d 946 (CA5, 1988) (false pretenses constitutes ‘predicate acts’).

See: Securities Investor Protection Corp. v. Vigman, 908 F2d 1461 (CA9, 1990); International Data Bank v. Zepkin, 812 F2d 149 (CA4, 1987); Warner v. Alexander Grant & Co., 828 F2d 14528 (CA11, 1987); Mauriber v. Shearson/American Express, 546 FSupp 391 (SDNY, 1982); Farmers Bank F Delaware v. Bell Mortgage Corp., 452 FSupp 1278 (D.Del, 1978); Moss v. Morgan Stanley Inc., 719 F2d 5 (CA2, 1983); USACO Coal v. Carbomin Energy Inc., 689 F2d 94 (CA6, 1982); Binkley v. Shaeffer, 609 FSupp 601 (E.D.Pa., 1985); Sedima v. Imrex Co., 473 US 479 (1985) . See: Glanz M (1983). R.I.C.O. and Securities Fraud: A Workable Limitation, Columbia Law Review, 6:1513-1543. See: Masella J (1991), Standing to Sue In A Civil R.I.C.O. Suit Predicated On Violation OF SEC Rule 10b-5: The Purchase Or Sale Requirement, Columbia Law Review, 91(7):1793-1812. See: Coffey P (1990), The Selection, Analysis and Approval of Federal R.I.C.O. Prosecutions, Notre Dame Law Review, 65: 1035-1055. See: Matthews A (1990), Shifting The Burden of Losses In The Securities Markets: The Rôle of Civil R.I.C.O. In Securities Litigation, Notre Dame Law Review, 65: 896-906.

(33): See: Bradford National Clearing Corp. v. SEC, 590 F2d 1085 (DCCir, 1978); In Re Stock Exchanges Options Trading Antitrust Litigation, 317 F3d 134 (CA2, 2003); Gordon v. NYSE, 422 US 659 (1975); National Gerimedical Hospital v. Blue Cross of Kansas City, 452 US 378 (1981); Silver v. NYSE, 373 US 341 (1963) (no Antitrust immunity); Strobl v. NY Mercantile Exchange, 768 F2d 22.

(34), (35):
§ 1 Sherman Act, 15 U.S.C. § 1:

Trusts, etc., in restraint of trade illegal; penalty:

Every contract, combination in the form of trust or otherwise, or conspiracy, in restraint of trade or commerce among the several States, or with foreign nations, is declared to be illegal. Every person who shall make any contract or engage in any combination or conspiracy hereby declared to be illegal shall be deemed guilty of a felony, and, on conviction thereof, shall be punished by a fine not exceeding $10,000,000 if a corporation, or, if any other person, $350,000, or by imprisonment not exceeding three years, or by both said punishments, in the discretion of the court.

§ 2 Sherman Act, 15 U.S.C. § 2:

Monopolizing trade a felony; penalty:

Every person who shall monopolize, or attempt to monopolize, or combine or conspire with any other person or persons, to monopolize any part of the trade or commerce among the several States, or with foreign nations, shall be deemed guilty of a felony, and, on conviction thereof, shall be punished by fine not exceeding $10,000,000 if a corporation, or, if any other person, $350,000, or by imprisonment not exceeding three years, or by both said punishments, in discretion of the court.

§ 3 Sherman Act, 15 U.S.C. § 3:

Trusts in Territories or District of Columbia illegal; combination a felony:

Every contract, combination in form of trust or otherwise, or conspiracy, in restraint of trade or commerce in any Territory of the United States or of the District of Columbia, or in restraint of trade or commerce between any such Territory and another, or between any such Territory or Territories and any State or States or the District of Columbia (DC), or with foreign nations, or between the District of Columbia and any State or States or foreign nations, is declared illegal. Every person who shall make any such contract or engage in any such combination or conspiracy, shall be deemed guilty of a felony, and, on conviction thereof, shall be punished by fine not exceeding $10,000,000 if a corporation, or, if any other person, $350,000, or by imprisonment not exceeding three years, or by both said punishments, in the discretion of the court.

3. CLAYTON ACT, 15 U.S.C. §§ 12-27, 29 U.S.C. §§ 52-53:

• § 1 Clayton Act, 15 U.S.C. § 12 Definitions; short title:

§ 1 Clayton Act, 15 U.S.C. § 12 Definitions; short title:
(a) “Antitrust laws”, as used herein, includes the Act entitled:
‘An Act to protect trade and commerce against unlawful restraints and monopolies’, approved July second, eighteen hundred and ninety; sections seventy-three to seventy-seven, inclusive, of an Act entitled ‘An Act to reduce taxation, to provide revenue for the Government, and for other purposes’, of August 27th, eighteen hundred and ninety-four; an Act entitled ‘An Act to amend sections seventy-three and seventy-six of the Act of August twenty-seventh, eighteen hundred and ninetyfour’, entitled ‘An Act to reduce taxation, to provide revenue for the Government, and for other purposes’, approved February twelfth, nineteen hundred and thirteen; and also this Act.

‘Commerce’, as used herein, means trade or commerce among the several States and with foreign nations, or between the District of Columbia or any Territory of the United States and any State, Territory, or foreign nation, or between any insular possessions or other places that are under the jurisdiction of the United States, or between any such possession or place and any US State or Territory of the United States or the District of Columbia or any foreign nation, or within the District of Columbia or any Territory or any insular possession or other place under the jurisdiction of the United States:

Provided, That nothing in this Act contained shall apply to the Philippine Islands. The word ‘person’ or ‘persons’ wherever used in this Act shall be deemed to include corporations and associations existing under or authorized by the laws of either the United States, the laws of any of the Territories, the laws of any State, or the laws of any foreign country.

(b) This Act may be cited as the “Clayton Act”.

• § 2 Clayton Act, 15 U.S.C. §§ 13(2):

Discrimination in price, services, or facilities:

(a) Price; selection of customers:

It shall be unlawful for any person engaged in commerce, in the course of such commerce, either directly or indirectly, to discriminate in price between different purchasers of commodities of like grade and quality, where either or any of the purchases involved in such discrimination are in commerce, where such commodities are sold for use, consumption, or resale within the United States or any Territory thereof or the District of Columbia or any insular possession or other place under the jurisdiction of the United States, and where the effect of such discrimination may be substantially to lessen competition or tend to create a monopoly in any line of commerce, or to injure, destroy, or prevent competition with any person who either grants or knowingly receives the benefit of such discrimination, or with customers of either of them: Provided, That nothing herein contained shall prevent differentials which make only due allowance for differences in the cost of manufacture, sale, or delivery resulting from the differing methods or quantities in which such commodities are to such purchasers sold or delivered:

Provided, however, That the Federal Trade Commission may, after due investigation and hearing to all interested parties, fix and establish quantity limits, and revise the same as it finds necessary, as to particular commodities or classes of commodities, where it finds that available purchasers in greater quantities are so few as to render differentials on account thereof unjustly discriminatory or promotive of monopoly in any line of commerce; and the foregoing shall then not be construed to permit differentials that are based on differences in quantities greater than those so fixed and established: and provided further, That nothing herein contained shall prevent persons engaged in selling goods, wares, or merchandise in commerce from selecting their own customers in bona fide transactions and not in restraint of trade: and provided further, That nothing herein contained shall prevent price changes from time to time where in response to changing conditions affecting the market for or the marketability of the goods concerned, such as but not limited to actual or imminent deterioration of perishable goods, obsolescence of seasonal goods, distress sales under court process, or sales in good faith in discontinuance of business in the goods concerned.

(b) Burden of rebutting prima-facie case of discrimination:

Upon proof being made, at any hearing on a complaint under this section, that there has been discrimination in price or services or facilities furnished, the burden of rebutting the prima-facie case thus made by showing justification shall be upon the person charged with a violation of this section, and unless justification shall be affirmatively shown, the Commission is authorized to issue an order terminating the discrimination: Provided, however, That nothing herein contained shall prevent a seller rebutting the prima-facie case thus made by showing that his lower price or the furnishing of services or facilities to any purchaser or purchasers was made in good faith to meet an equally low price of a competitor, or the services or facilities furnished by a competitor.

(c) Payment or acceptance of commission, brokerage, or other compensation: It shall be unlawful for any person engaged in commerce, in the course of such commerce, to pay or grant, or to receive or accept, anything of value as a commission, brokerage, or other compensation, or any allowance or discount in lieu thereof, except for services rendered in connection with the sale or purchase of goods, wares, or merchandise, either to the other party to such transaction or to an agent, representative, or other intermediary therein where such intermediary is acting in fact for or in behalf, or is subject to the direct or indirect control, of any party to such transaction other than the person by whom such compensation is so granted or paid.

(d) Payment for services or facilities for processing or sale:

It shall be unlawful for any person engaged in commerce to pay or contract for the payment of anything of value to or for the benefit of a customer of such person in the course of such commerce as compensation or in consideration for any services or facilities furnished by or through such customer in connection with the processing, handling, sale, or offering for sale of any products or commodities manufactured, sold, or offered for sale by such person, unless such payment or consideration is available on proportionally equal terms to all other customers competing in the distribution of such products or commodities.

(e) Furnishing services or facilities for processing, handling, etc.: It shall be unlawful for any person to discriminate in favor of one purchaser against another purchaser or purchasers of a commodity bought for resale, with or without processing, by contracting to furnish or furnishing, or by contributing to the furnishing of, any services or facilities connected with the processing, handling, sale, or offering for sale of such commodity so purchased upon terms not accorded to all purchasers on proportionally equal terms.

(f) Knowingly inducing or receiving discriminatory price:
It shall be unlawful for any person engaged in commerce, in the course of such commerce, knowingly to induce or receive a discrimination in price which is prohibited by this section. Discrimination in rebates, discounts, or advertising service charges; underselling in particular localities; penalties:

• 15 U.S.C. § 13a:

It shall be unlawful for any person engaged in commerce, in the course of such commerce, to be a party to, or assist in, any transaction of sale, or any contract to sell, which discriminates to his knowledge against competitors of the purchaser, in that, any discount, rebate, allowance, or advertising service charge is granted to the purchaser over and above any discount, rebate, allowance, or advertising service charge available at the time of such transaction to the said competitors in respect of a sale of goods of like grade, quality, and quantity; to sell, or to contract to sell, goods in any part of the United States at prices lower than those exacted by said person elsewhere in the United States for the purpose of destroying competition, or of eliminating a competitor in such part of the United States; or, to sell, or contract to sell, goods at unreasonably low prices for the purpose of destroying competition or eliminating a competitor.

• Any person violating any of the provisions of this section shall, upon conviction thereof, be fined not more than $5,000 or imprisoned not more than one year, or both.

• 15 U.S.C. § 13b:

Cooperative association; return of net earnings or surplus:
Nothing in sections 13 to 13b and 21a of this title shall prevent a cooperative association from returning to its members, producers, or consumers the whole, or any part of, the net earnings or surplus resulting from its trading operations, in proportion to their purchases or sales from, to, or through the association.

• § 3 Clayton Act, 15 U.S.C. § 14:

Sale, etc., on agreement not to use goods of competitor:

It shall be unlawful for any person engaged in commerce, in the course of such commerce, to lease or make a sale or contract for sale of goods, wares, merchandise, machinery, supplies, or other commodities, whether patented or unpatented, for use, consumption, or resale within the United States or any Territory thereof or the District of Columbia or any insular possession or other place under the jurisdiction of the United States, or fix a price charged therefor, or discount from, or a rebate upon, such price, on the condition, agreement, or the understanding that the lessee or the purchaser thereof shall not use or deal in the goods, wares, merchandise, machinery, supplies, or other commodities of a competitor or competitors of the lessor or seller, where the effect of such lease, sale, or contract for sale or such condition, agreement, or understanding may be to substantially lessen competition or tend to create a monopoly in any line of commerce.

• FTC Regulations: Section 5 of the Federal Trade Commission Act outlaw ”unfair methods of competition“ but do not define unfair. The Supreme Court has ruled that violations of the Sherman Act are also violations of Section 5, but Section 5 covers some practices that are beyond the scope of the Sherman Act. It is the FTC’s job to enforce Section 5.

(36): See: Eastman Kodak Co v. Image technical Services, 504 US 451 (1992); Jefferson parish Hospital v. Hyde, 466 US 2 (1984); Zenith Radio Corp. v. Hazeltine Research, 395 US 100 (1969).

(37): See: Business Electronics Corp. v. Sharp Electronics Corp, 485 US 717 (1988); Copperweld Corp. v. Independence Tube, 467 US 752 (1984); Monsanto Co. v. Spray-Rite Service Corp., 465 US 752 (1984); US v. Arnold, Schwin et al, 388 US 365 (1967); USPS v. Flamingo Industries, #02-1290 (2004); Brown v. Pro Football, 518 US 213 (1996); FTC v. Ticor Title Insurance Company, 504 US 621 (1992); Allied Tube & Conduit Corp. v. Indian head Inc., 486 US 492 (1988).

(38): See: Standard Oil Co v. US, 337 US 293 (1949); See: US v. Griffith, 334 US 100 (1948). See: Brooke Group Ltd. V. Brown & Williamson Tobacco, 509 US 209 (1993).

(39): See: Texaco v. Hasbrouck, 496 US 543 (1990); J Truet Payne Co v. Chrysler Motors, 451 US 557 (1981); Great Atlantic & Pacific Tea Co. v. Federal Trade Commission, 440 US 69 (1979); US v. United States Gypsum, 438 US 422 (1978); FTC v. Sun Oil Co., 371 US 505 (1963).

(40): See: Brooke Group Ltd. V. Brown & Williamson Tobacco, 509 US 209 (1993); Matsushita Electric v. Zenith Radio, 475 US 574 (1986); Utah Pie Co. v. Continental Baking Co. et al, 386 US 685 (1967).

(41): See: Parmenter v. FDIC, 925 F2d 1088 (CA8,1991); Ace-Federal Reporters v. Barram, 226 F3d 1329 (Ca.Fed., 2000)(on remand) 2002 WL 1292032; Workman v. UPS, 234 F3d 998 (CA7, 2000); Dibrell Brothers v. Banca Nazionale Del Lavoro, 383 F3d 1571 (CA11, 1999); Gibson v. Neighborhood Health Clinics, 121 F3d 1126 (CA7, 1997); Floss v. Ryans Family Steakhouses, 211 F3d 306 (CA6, 2000)(cert. denied) 531 US 1072; Heinig Furs, 811 Fsupp 1546 (M.D.Ala., 1993); Flanders Medeiros v. Bogosian, 88 Fsupp 412 (DRI, 1994)(affirmed in part) 65 F3d 198; Johnson Enterprises v. FPl Group, 162 F3d 1290 (CA2, 1998); Hoffman v. Bankers Trust, 925 Fsupp 315 (M.D.Pa, 1995); Prudential Insurance v. Sipula, 776 F2d 157 (CA7, 1985); In Re Sulakshma, 207 BR 422 (E.D.Pa, 1997).

(42): See: Gordon T (2000), Securitization of Executory Future Flows as bankruptcy-Remote True Sales, University of Chicago Law Review, 67:1317-1322.

(43): See: Valdiviezo v. Phelps Dodge, 995 Fsupp 1060 (D.Ariz., 1997). Johnson enterprises v. FPL Group, 162 F3d 1290 (CA2, 1998). Ryan v. Upchurch, 474 Fsupp 211 (SND, 1979)(reversed) 627 F2d 836. See: Rose J & Dawson P (Sept. 1997), Contingent Transfer: The Illusory Promise of Structured Finance. S&P Structured Finance, page 10.

(44): Prudential Insurance v. Sipula, 776 F2d 157 (CA7, 1985) (no consideration where party to contract could not bargain for alleged agreement).

(45): See: Tampa Pipeline Transport v. Chase Manhattan Service Corp., 928 Fsupp 1568 (MD.Fla., 1995) (affirmed) 87 F3d 1329.

(46): See: Imel v.Laborer’s Pension Fund Trust, 904 F2d 1327 (CA9, 1990) (cert. den.) 498 US 939 (contract should not alter statutory duties); Truck Ins. Exchange v. Ashland Oil, 951 F2d 787 (CA7, 1992); Cramer v. Consolidated Freightways, 255 F3d 806 (CA9, 2001) (cert. denied) 122 SCt 806; Lake James Community v. Burke County NC, 149 F3d 277 (CA4, 198) (cert. denied) 525 US 1106; Davis v. Parker, 58 F3d 183 (CA5, 1995); In Re NWFx, 881 F2d 530 (on rehearing) 904 F2d 469 (cert. denied) 498 US 941; Biomedical Systems v. GE Marquette, 287 F3d 707 (CA8, 2002) (cert. denied) 123 SCt 636 (post-contract formation failure to obtain statutorily required license invalidated agreement).

THE FOLLOWING DATA HAS BEEN PUBLISHED AT THE FOOT OF MOST OF THESE REPORTS FOR THE PAST THREE YEARS++. IT WAS COMPILED BY MICHAEL C. COTTRELL, B.A., M.S..

• THEY ARE 100% CONSISTENT WITH THE FOREGOING ANALYSIS, AND VICE VERSA:

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.

NOTICES:

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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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.

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SENATOR ARLEN SPECTER INVOKES MISPRISION OF FELONY

story2

THEY’VE GOT A COLOSSAL PROBLEM: AND IT’S US

Monday 29 March 2010 00:01

• PENNSYLVANIA BIRDS OF A FEATHER:
SENATOR ARLEN SPECTOR, AND SALVATORE DEFRANCESCO ARE FROM PENNSYLVANIA;
VICE PRESIDENT JOE BIDEN IS ORIGINALLY FROM SCRANTON, PENNSYLVANIA, AND HAS
CALLED PA HIS ‘HOME’, SAYING ONCE THAT HE WAS PENNSYLVANIA’S ‘THIRD SENATOR’

• SENATOR ARLEN SPECTOR SUDDENLY CITES MISPRISION OF FELONY

• WHY WOULD SENATOR SPECTER DO THAT?
BECAUSE THEY HAVE A SERIOUS PROBLEM

• AND WHO OR WHAT IS THEIR PROBLEM?

• SENATOR ARLEN SPECTER RINGS THE ALARM

• TO OFFER JOBS FOR FAVOURS IS A FEDERAL CRIME

• SOME COMPELLING FACTS YOU OUGHT TO KNOW

• BUT SENATOR ARLEN SPECTER WAS TARGETING
THE PENNSYLVANIA FRAUD AT THE SAME TIME: GEDDIT?

• A SHORT LIST OF PEOPLE WHO COULD GO TO JAIL

• BECAUSE OF COURSE IT’S ALL ABOUT THE MONEY. PERIOD

• U.S. INTEREST RATES RISING AS THESE FOOLS TRY TO EMBEZZLE THE FUNDS AGAIN

• GOV. RENDELL RAISES TAXES, YET ‘BLOCKS’ THE $495 MILLION TAX WINDFALL

• THE N.S.A.-CHENEY-BIDEN ‘BLACK OPS’
PSY-OPS OFFENSIVE AGAINST COTTRELL AND STORY

• STEALING OUR TELECOMMUNICATIONS; A FEDERAL OFFENCE

• FEATURES OF THIS COUNTERPRODUCTIVE U.S.G. ‘PSY-OPS’
OPERATION LASTING FOR MORE THAN TWO YEARS ALREADY

• CHENEY/BIDEN/NSA ‘BLACK OPS’ VERBAL TERRORISM PHONE CALLS RECEIVED IN OUR OFFICES: THIS IS DELIBERATE U.S. GOVERNMENT HARASSMENT BECAUSE WE ARE HITTING THE CRIMINALISTS’ NERVES AND ARE REFUSING TO BE INTIMIDATED AND TERRORISED

• This matter has been reported inter alia to the British Consulate General, 845 Third Avenue,
@ E 52nd Street, New York, NY: 212-745 0200 with a demand that the obscene harassment ops. conducted against this service and the Editor by the Cheney/Biden/NSA cadre is taken up with the relevant US authorities and our complaint about this barbaric behaviour of a supposedly friendly Government addressed with the necessary vigour appropriate to this scandalous state of affairs.

• SALVATORE R. DEFRANCESCO LINKED TO BIDEN:
THE NEW TWIST IN THE PENNSYLVANIA FRAUD

• As you may recall, we were advised earlier that Treasury Agents and the FBI were looking for Salvatore R. DeFrancesco, and that he would be cuffed shortly. Then all of a sudden, we were told that this top Mafioso, who is Vice President of Penn Acceptance Corporation, was no longer being sought. We now realise that the reason for this is that he is being protected by Governor Edward G. Rendell of Pennsylvania. We thought that harbouring a suspected criminal was a criminal offence.

• MR COTTRELL’S LATEST STRUGGLES WITH DELIBERATELY
UNCOOPERATIVE AND ARROGANT PA OFFICIALS

• WICKED DIVERSIONARY TACTIC BY CORNERED
PENNSYLVANIA DEPARTMENT OF STATE OFFICIALS:
REPRESENTING THAT PENNSYLVANIA INVESTMENTS, INC.
IS A HOLDING COMPANY, WHICH IS NOT THE CASE

• THEY TOOK MR COTTRELL’S FILING MONEY
BUT DIDN’T CHANGE THE PENNSYLVANIA INVESTMENTS, INC. SCREEN

• SO, MR COTTRELL FAXED THE GOVERNOR OF PENNSYLVANIA’S OFFICE OF GENERAL COUNSEL, THE GOVERNOR OF PENNSYLVANIA, EDWARD G. RENDELL, THE PENNSYLVANIA DEPARTMENT OF STATE CORPORATION DEPARTMENT AND THE PENNSYLVANIA DEPARTMENT OF REVENUE ALL OVER AGAIN, WITH ALL THE DOCUMENTS

• THAT WAY, A MASSIVE PAPER TRAIL PERTINENT
TO ‘MISPRISION OF FELONY’ IS ON THE RECORD

• IN MEMORIAM AND HORIZONTALISATION NEWS:

• MANAGING DIRECTOR OF THE ABU DHABI INVESTMENT AUTHORITY [SCAMMED BY BUSH]

• Note: Suggestions by fantasists on other websites that an imminent ‘return’ to the Constitution across the board is in the pipeline and that most State Governors have agreed to this, is baloney. The behaviour of Governor Edward G. Rendell of Pennsylvania, addressed in this report, indicates that he continues to operate without regard for the Rule of Law as he is implicated in the attempt, with Salvatore R. DeFrancesco, to embezzle the funds payable to Pennsylvania Investments, Inc. The fantasists have again revealed that they operate on the basis of ‘feelings’ and unwarranted assumptions based on flimsy foundations and unscientific, illogical deductions. Unprovenanced, garbled meanderings are no basis for the sweeping deductions these people specialise in, and they do a disserve to bewildered Americans who don’t know where to turn for sound information.

• Update to this note: There appears to be confusion in some minds between (a) the necessity for funds to be collected so that grossly overdue obligations can be met and (b) the sudden waving of a magic wand whereby the Constitution descends from the sky like a Deus ex Machina to shower blessings on disillusioned Americans while shovelling all their woes into the trash. The position is that (a) is taking place: which is why the most high-powered American delegation in living memory descended on Mexico on 23rd March 2010 to pay a visit to President Felipe Calderon.

The delegatation, led by the Secretary of State, Mrs Hillary Clinton, included:
• The Defense Secretary, Robert Gates;
• The Homeland Security Secretary, Janet Napolitano;
• The Director of National Intelligence, Dennis Blair; and:
• The Chairman of the Joint Chiefs of Staff, Admiral Michael Mullen [ONI].

Conspicuous by his absence was the US Attorney General, Eric Holder: which tells you that the meeting was not about how to tackle Mexico’s drug problem. Meanwhile Barack Obama surfaced in Afghanistan. One does not need a first class degree In logic to deduce what has been going on.

This has nothing to do with (b), which is a separate matter and may or may not follow through. The behaviour of Pennsylvania Governor Rendell described in this and recent reports in this series confirms that, contrary to baseless speculation, there is no change of criminal behaviour, which in turn indicates that the miraculous ‘Return to the Constitution’ is NOT happening (as yet), for the simple reason that in order to comply with the Constitution it is necessary to comply with the Rule of Law, which Rendell (in the pertinent case cited) is NOT doing.

That is ALL we said, and the deduction that we have ‘missed what is happening’ accompanied by the usual gratuitous, self-satisfied rudeness about 1776 is both uncalled for and the precise opposite of the truth if what we have been saying is understood.

………………………………………………………………

• APPENDIX 1:

MICHAEL C. COTTRELL’S LETTER OF NOTIFICATION OF 9TH MARCH 2010 TO THE PENNSYLVANIA DEPARTMENT OF STATE DEMANDING THE IMMEDIATE REMOVAL OF THE NAME OF THE MAFIA IMPOSTOR SALVATORE DE FRANCESCO FROM THE PENNSYLVANIA INVESTMENTS, INC. STATE CORPORATION BUREAU’S OFFICIAL SCREEN, FRAUDULENTLY SHOWING THE IMPOSTOR MAFIOSO AS ‘SECRETARY’ OF THE CORPORATION

………………………………………………………………

• APPENDIX 2:

ARTICLES OF AMENDMENT RE: PENNSYLVANIA INVESTMENTS, INC. DATED 13TH MARCH 2010

………………………………………………………………

• APPENDIX 3:

CERTIFICATE OF ADOPTION OF CORPORATE RESOLUTION: 16 NOVEMBER 2005

………………………………………………………………

• LIST OF U.S. STATUTES, SECURITIES REGULATIONS AND LEGAL PRINCIPLES OF WHICH THE CRIMINALISTS, ASSOCIATES AND ALL BIG FINANCIAL INSTITUTIONS ARE IN BREACH

………………………………………………………………

• U.S. SECURITIES REGULATIONS OF WHICH INSTITUTIONS ARE IN BREACH

………………………………………………………………

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.

SECURITIZATION IS ILLEGAL UPDATE: In the Subs/Books Update panel immediately below the NEWS panel that you are currently viewing, you will see an announcement concerning publication of Economic Intelligence Review, Volume 12, Numbers 7 & 8. If you press that announcement text and open up the panel, you will see the contents list for the new [2010Q1] issue of E.I.R., including a breakdown of the Chapter Headings for the detailed analysis showing that Securitization is illegal. See our NEWS report dated 10th March 2010 for summaries of some of the data from this analysis. We understand that the report has created uproar in certain corridors of corrupt power.

• 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.
You can also access the CMKM/CMKX text at: http://viewer.zoho.com/docs/paKdda
The biggest lawsuit in world legal history: The phantom share giga-scandal.

NEW REPORT STARTS HERE:

PENNSYLVANIA BIRDS OF A FEATHER:
SENATOR ARLEN SPECTOR, AND SALVATORE DEFRANCESCO ARE FROM PENNSYLVANIA;
VICE PRESIDENT JOE BIDEN IS ORIGINALLY FROM SCRANTON, PENNSYLVANIA, AND HAS
CALLED PA HIS ‘HOME’, SAYING ONCE THAT HE WAS PENNSYLVANIA’S ‘THIRD SENATOR’

Before we start, the following facts are of central importance to understanding what follows, sharply accentuating the ongoing detection, deconstruction and unravelling of the luciferian operation to re-steal The Queen’s $6.2 trillion loan funds for the Refunding of the US Dollar, provided via the Bank of England to Bank of New York Mellon on 19th-20th June 2007, which was criminally diverted on the instructions of Henry M. Paulson Jr., Secretary of the US Treasury, and which is the subject of a WORLD COURT LIEN ON THE U.S. TREASURY dated 6th December 2009:

• Vice President Joseph Biden is originally from Scranton, Pennsylvania and while representing Delaware in the Senate, once described Pennsylvania as his ‘home’, and added that he was Pennsylvania’s ‘third’ Senator. He has always maintained close links to Pennsylvania.

• The Vice President of the United States is always in control of the National Security Agency [NSA]. The reason for including this statement here will be elaborated below.

• Senator Arlen Specter is from Pennsylvania.

• Salvatore R. DeFrancesco is from Pennsylvania.

• Pennsylvania Investments, Inc., remains organised and incorporated as a Business Corporation under Section 204 of the Commonwealth of Pennsylvania Business Corporation Law act of 5th May 1933 (P.L. 364 (15 P.S. Section 1204) for the following purposes stated in the founding documents [copies of which we hold] filed by the Commonwealth of Pennsylvania Department of State on 11th December 1984: ‘To engage in and to do all lawful acts concerning any or all lawful business for which a corporation may be incorporated under the Business Corporation Law of Pennsylvania Act of May 5, 1933, P.L. 364, as amended’.

SENATOR ARLEN SPECTOR SUDDENLY CITES MISPRISION OF FELONY
On 12th March, immediately after it had become known by the NSA and the White House (from intercepts of our telephone conversations), that we had discovered the illegal and fraudulent insertion of the Mafia impostor Salvatore R. DeFrancesco, Vice President of the money factory Penn Acceptance Corporation of Pittston TWP, Pennsylvania, as ‘Secretary’ of Pennsylvania Investments Inc. on the Commonwealth of Pennsylvania Corporation Bureau screen for Mr Cottrell’s corporation, Senator Arlen Specter, from Pennsylvania, made this public statement:

‘There’s a crime called Misprision of a Felony. Misprision of a Felony is when you don’t report a crime. So you’re getting into pretty deep areas here in these considerations’.

Now as you will be aware, NOBODY HAS EVER MENTIONED MISPRISON OF FELONY for the duration of this crisis with the single exception of this service. We have displayed the text of the Misprision of Felony Statute at the top of every report for the past three years, thus:

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’.

WHY WOULD SENATOR SPECTER DO THAT?
BECAUSE THEY HAVE A SERIOUS PROBLEM
WHY do you suppose someone as knowledgeable of the opaque operations of these high-level criminals has SUDDENLY started quoting Misprision of Felony at this late stage of the crisis?

• ANSWER: Because these people have a serious problem.

AND WHO OR WHAT IS THEIR PROBLEM?
WHO or WHAT is the serious problem they face?

• ANSWER: Michael C. Cottrell, B.A., M.S., and Christopher Edward Harle Story FRSA, ARE THE SERIOUS PROBLEM. And it’s getting worse. And they can’t solve the problem the way they want – by re-stealing and re-embezzling The Queen’s $6.2 trillion loan funds and Mr Cottrell’s $15.0+ billion, payable to Pennsylvania Investments, Inc.

• In other words, as we have signalled in these reports, WE are regrettably and most unfortunately, AT THE EPICENTRE OF THIS CRISIS. And contrary to what the kleptocracy arrogantly imagined, WE ARE NOT CAVING IN OR GIVING WAY TO THESE CRIMINALS.

So: they don’t know what to do. The endless tension and the lack of resolution, and the incredible economic and financial damage that is being caused by the criminal intent to steal these funds, which is BLOCKING THE SETTLEMENTS GENERALLY, is getting some of these people down.

SENATOR ARLEN SPECTER RINGS THE ALARM
And since it is well understood where it needs to be understood that WE ARE NOT BACKING DOWN, and since the massive international pressure behind the scenes has long since exceeded what these people can tolerate, ALL OF A SUDDEN we find that a very prominent US Senator is RINGING THE ALARM BELL. He’s citing MISPRISION OF FELONY at the criminals, starting at the White House and Mr Biden’s residence and reaching the Mansion of the Governor of Pennsylvania.

• Senator Arlen Spector wants to make sure he’s on the right side of the outcome. But at the same time, he’s put himself in an extremely exposed position. If, as a prominent public figure, you cite the Misprision of Felony Statute, you had better be CERTAIN that you understand precisely what you are doing. Which Senator Arlen Spector most certainly does.

As a ‘person in civil… authority under the United States’ Senator Specter may think that he himself is covered. But since [see below] he undoubtedly made this public statement for the elucidation of individuals resident in the Commonwealth of Pennsylvania, it is crystal clear that Senator Specter – whose comments, as noted, were uttered on 12th March 2010, shortly after it had become known that we’d unearthed the Pennsylvania Fraud involving Salvatore R. DeFrancesco – has ‘issues’ with his home State (Commonwealth). No prizes for guessing the nature of his (financial) concerns here.

THE COVER FOR SPECTER’S OUTBURST: SESTAK-GATE
But the situation is even more loaded than described hitherto.

We’ll try to condense the background so that it doesn’t get in the way of the present exposure report. On 18th February 2010, Philadelphia TV anchor Larry Kane said that on a Comcast show he had just taped, he had asked Democratic Congressman Joe Sestak, who is challenging incumbent Senator Arlen Specter in a Primary, whether it was true that the Obama Administration had offered Mr Sestak a job if he would withdraw from his Primary challenge to Specter, to which Joe Spestak answered: ‘Yes’, adding that the job offer was made by someone in the White House and that he, Sestak, had turned down the offer. Two hours later Kane called the White House, played them the tape, and asked for comment. The White House never called him back.

TO OFFER JOBS FOR FAVOURS IS A FEDERAL CRIME
To offer jobs for favours is a Federal crime, and Sestak effectively accused the White House, therefore, of a Federal crime. The issue was taken up by Jake Tapper, the ABC White House correspondent on 22nd February 2010, when he asked the White House Press Secretary Robert Gibbs for a reaction to Sestak’s de facto charge. Gibbs stonewalled (fearing Misprision of Felony).

On 1st March 2010 the Fox News correspondent, Major Garrett tried again. Gibbs: ‘I have not made any progress on that. I was remiss on this and I apologise’. On 9th March, Major Garrett tried again, and drew another blank from Gibbs. On 11th March, Major Garrett of Fox News tried again, noting that Congressman Darrell Issa (R-CA) had publicised that he had written to White House Counsel, Robert Bauer, demanding an investigation into Sestak’s charge. Mr Gibbs: ‘I don’t have anything additional on that’. Q: ‘Are you ever going to have anything additional on that?’ Gibbs: ‘I don’t have it today’. On 12th March, Gibbs answered Garrett’s repeated question with: ‘I don’t have any more information on that’. And that was that.

And on 12th March, all of a sudden, Senator Arlen Specter stated that if anyone receives such an offer (of an official job in exchange for a favour) and didn’t report it, the person concerned could GO TO JAIL FOR COMMITTING A FELONY: i.e. Sestak could go to jail.

• There have been calls for a Special Prosecutor to be appointed to investi-gate Sestak-gate.

SOME COMPELLING FACTS YOU OUGHT TO KNOW
Now here are several compelling additional pieces of relevant information:

• Senator Arlen Specter has had a very long relationship with the Bush Crime Family.

• Vice President Joseph Biden, originally from Pennsylvania [see above], in charge today of the National Security Agency, and who, when referred to as ‘Mr Banking’, sat on the US Senate Banking Committee, is aware of everything there is to know about hidden financial operations and issues, and is reported to us to be known to have been involved in questionable financial operations.

For instance, he was instrumental in the MBNA takeover and in the reincorporation of MBNA from Maryland to Delaware. In 1996, after it had become MBNA company policy for all top executives to live in Delaware, MBNA executive John Cochrane bought Senator Joe Biden’s house in Delaware, assisted, according to MBNA’s SEC filing, by $330,115 paid to John Cochrane by the senior MBNA management for ‘expenses’ arising from the move (of which $210,000 was reportedly to make up for a loss that John Cochrane suffered on the sale of his Maryland home).

Local Delaware real estate sources believe that Cochrane ‘overpaid’ Biden for the property.

• Questions have been asked as to whether the home sale was a ‘sweetheart’ deal for Biden.

At all events, during the 1996 senatorial campaign, MBNA cemented its ties to Biden when MBNA employees started showering Senator Biden with campaign contributions. In fact Federal Election Commission records showed MBNA as the largest single source of campaign contributions for Senator Biden. A few weeks after Biden was re-elected in November 1996, MBNA hired his son, Hunter, a Yale law graduate.

Joe Biden, with a Jesuitical background, shares a peculiar characteristic that is quite common among such ‘possessed’ characters. His mouth suddenly opens, and out comes an extremely unwelcome, untimely and probably provocative or idiotic observation. Biden is notorious for this, and did it yet again into Barack Obama’s microphone, which wasn’t switched off, at the signing ceremony for the Health Pipeline Bill, when he exclaimed: ‘This is a big [expletive deleted] deal’. Newscasters have been playing the clip ever since.

Biden sits in Cheney’s seat, and Cheney launched the Psy-Ops harassment operation against the Editor of this service via the National Security Agency in February 2008, after the Wanta ‘switch’. This verbal terrorism ‘Psy-Ops’ offensive against this Editor has continued without a break ever since then, and has reached new levels of intensity under Biden: see below for details.

• Congressman Joe Sestak, who sits on the House Armed Services Committee, was a senior Four-Star Navy Admiral. He was the head of the Office of Naval Intelligence (ONI), the most lethal of all components of the US Intelligence Power, which has all along been fighting other components of the Intelligence Power over control of stolen and other monies. Sestak was fired (relieved of his command) from the Navy and had one of his stars removed, so he left the US Navy with three stars. He has a degree from Harvard University, was involved in operations in Afghanistan, in national defence and security policy formulation, and in operation ‘Deep Blue’ (a terrorism ‘think-tank’).

SESTAK-GATE RUNS COMPLETELY OUT OF CONTROL
According to Jeffrey Lord writing in The American Spectator [16th March 2010], who assumes that Specter’s remark has resonance exclusively within the Sestak-gate context, ‘in a blink, Specter has raised the stakes here…. Even more remarkable is to comprehend why Robert Gibbs may now be standing at that White House podium five different times and refusing to answer questions from Jake Tapper and Major Garrett. If Sestak has told the truth… then not only is the person or persons within the White House who made the job offer in big trouble, but anybody else on the Obama White House staff who currently knows this has happened and has not reported it to the proper official authorities – the FBI, just for starters – is, according to Specter, a potential prosecution target for Misprision of Felony. For which this person or persons could go to jail along with whoever offered the job in the first place’.

‘Quite possibly, that could include Robert Gibbs, if in fact he knows this job offer occurred. Which is surely incentive enough for Mr Gibbs to understand that he doesn’t want to ask this question of his colleagues – much less get an answer. An answer for which he could be legally liable, which in turn makes it a lose-lose proposition for him to say anything – beyond a variant of ‘no comment’’.

BUT SENATOR ARLEN SPECTER WAS TARGETING
THE PENNSYLVANIA FRAUD AT THE SAME TIME: GEDDIT?
Now since there can be no question whatsoever that Senator Arlen Specter, a long-term associate of George Bush Sr. and his criminal cohorts, and a Senator for Pennsylvania, most certainly knows the score with regard to the intent, centred in Harrisburg, to embezzle The Queen’s loan funds of $6.2 trillion that are internationally mandated to be remitted to the securities account with Morgan Stanley, New York, of Pennsylvania Investments, Inc., plus the $15.0+ billion that’s also payable to Mr Cottrell’s firm via the Paymaster, who has been specifically instructed to procure the necessary resolution IN ACCORDANCE WITH THE U.S. CONSTITUTION (special intelligence obtained by the Editor), you can readily imagine that Senator Specter has ‘raised the stakes’ rather more steeply than The American Spectator’s correspondent, will have realised.

A SHORT LIST OF PEOPLE WHO COULD GO TO JAIL
Just to select a few individuals enmeshed in this exposure who could go to jail given their knowledge of the Pennsylvania Fraud to embezzle the Queen’s loan funds and the $15.0+ billion payable to Pennsylvania Investments, Inc., that we have publicised, the following are manifestly vulnerable to indictment under the Misprision of Felony Statute referenced by Pennsylvania Senator Arlen Specter IF THEY HAVE FAILED TO REPORT IT TO THE AUTHORITIES:

• Salvatore R. DeFrancesco, Vice President of Penn Acceptance Corporation.

• Joseph Limongelli, President and Secretary, Penn Acceptance Corporation.

• Daniel Limogelli, Treasurer, Penn Acceptance Corporation.

• General Counsel to the Governor of Pennsylvania, Edward G. Rendell.

• Officials in the Governor’s Office of General Counsel.

• Officials in the Office of the Governor of Pennsylvania.

• Officials in the Pennsylvania Department of State generally.

• Officials in the Pennsylvania Department of State Corporation Department, including Sally Krow.

• Officials in the Pennsylvania Department of Revenue, including Julie A. Castillo.

• All Pennsylvania officials generally who are aware of the Pennsylvania Fraud
whether directly or via this website.

• Staffers working for Senator Arlen Specter.

• Staffers and personnel working for Congressman Joe Sestak.

• Staffers working for Vice President Joe Biden, from Pennsylvania.

• All White House staff who are aware of the Pennsylvania Fraud and its ramifications, including all White House staff who receive and read the transcripts that are fed to them daily of the telephone conversations of Michael C. Cottrell, B.A., M.S., Mr A. Clifton Hodges, lawyer for the CMKM/CMKX victims, and the Editor of this service.

• All Capitol Hill staffers ditto.

• All so-called ‘Mainstream’ press operatives who know all about the Pennsylvania Fraud and its context, not least from our reports, and have refrained either from reporting on it or reporting the matter to the appropriate authorities.

• Add further categories to taste.

BECAUSE OF COURSE IT’S ALL ABOUT THE MONEY. PERIOD.
And of course, since IT’S ALL ABOUT THE MONEY AND ABOUT NOTHING ELSE, we can assure you that Pennsylvania Senator Arlen Specter had more than Sestak-gate in mind when he ‘raised the stakes’ by suddenly invoking Misprision of Felony no less than three years after THIS SERVICE ALONE began proclaiming it at the top of almost every report published in this website series.

Which of course reconfirms that these reports are indeed read where it matters and that AT LONG LAST THE PENNY HAS DROPPED. The US Constitution is about to be rescued.

U.S. INTEREST RATES RISING AS THESE FOOLS TRY TO EMBEZZLE THE FUNDS AGAIN
Meanwhile, just to ‘connect’ briefly with what HAS been reported in the ‘Mainstream’ press, you will have noted that yields on the US Treasury 10-year note had risen from 3.8% on 12th March 2010 to 3.8990% on 25th March. On Tuesday 23rd March, the Treasury’s $44 billion auction of two-year debt was weaker than ‘expected’. On Wednesday 24th March, a US Treasury auction of $42 billion five-year debt securities also fell flat. And on Thursday 25th, demand for the $32 billion of seven-year debt was limp, with the yield having risen from 3.1% to 3.37% over the same period.

Well, what did the brainboxes at the Geithner Treasury expect? Having incurred $4.5 trillion of TOTALLY UNNECESSARY TREASURY DEBT in the space of just two fiscal years – equating to the total amount of Treasury debt incurred over the best part of a century – the Obama White House and the Geithner Treasury, assisted by Bernanke at the Federal Reserve, having opted to expand official debt out to infinity and thereby to mortgage the American taxpayer for ever rather than to refinance the US dollar in the private sector using the loan finance made available by the British Monarchical Power PRO BONO PUBLICO which they STOLE, are now face to face MUCH EARLIER THAN THEY EVER ANTICIPATED with the worst of all possible worlds, namely:

• Rising interest rates +

• The knock-on effects on the battered real economy, the ‘recovery’ of which has been entirely artificial and not even assisted by the so-called Stimulus Money, a large proportion of which may have been diverted for illegal trading operations and or bribes placed into offshore bank accounts (since frozen) of those legislators and associates WHO HAVE BEEN BOUGHT.

And here they are STILL TRYING TO EMBEZZLE THE QUEEN’S LOAN FUNDS and the $15.0 billion payable to Pennsylvania Investments, Inc., which are internationally mandated to be deployed to refinance the US Dollar in the private sector, delivering windfall tax receipts which will negate the necessity for this reckless, permissive and irresponsible, not to say criminal, US deficit financing.

No wonder the Editor has been astonished during his New York visit to discover that normally sober and refined, knowledgeable American middle class professional people have told him, one after the other, that these criminals should all be rounded up dealt with ‘as in time of war’.

• Sober Americans who one would never imagine harbouring
such thoughts have said this to the Editor repeatedly during this visit.

GOV. RENDELL RAISES TAXES, YET ‘BLOCKS’ THE $495 MILLION TAX WINDFALL
The New York Times Sunday Edition [28th March 2010] carries a front page report entitled ‘States Seek to Tax Services, from Head to Toe’, featuring the Pennsylvania Governor, Edward G. Rendell, whose proposed ‘hairshirt’ budget , which he says is ‘born out of necessity’, is now being debated in Harrisburg. It would tax services, including accounting, advertising and data processing.

Governor Rendell, who uses Barack Obama’s keyword ‘look’ when he wants to make a point, is quoted as telling the newspaper:

‘Look, I’m not a crazy tax guy. I know what we’ve cut [in] the last two years, and I know how deep and painful the cuts have been. So I know that in the future there’s going to have to be a revenue increase, and this is the best of the alternatives, obviously none of which we’re happy about’.

Instead of whining and wringing his hands in public for the benefit of the gullible New York Times, Pennsylvania Governor Rendell would make better use of his time by calling Ms. Sally Krow at the Pennsylvania State Department Corporation Bureau and instructing her to cease and desist from her Department’s bureaucratic obfuscation, interference with and fraudulent cover-up behaviour over Pennsylvania Investments, Inc., which, as Michael C. Cottrell, B.A., M.S., has informed the Governor himself in writing, will be paying the Commonwealth of Pennsylvania State windfall taxes of the order of $495 million on receipt of the $15.0+ billion payable to his corporation.

Rendell’s buddy, Salvatore R. DeFrancesco, Vice President of Penn Acceptance Corporation, was inserted illegally on the Pennsylvania Investments, Inc. corporate screen that’s maintained by the Department of State, so that these funds could be embezzled. Which makes Rendell’s observations to the newspaper quite extraordinarily duplicitous, dishonest, and disingenuous.

They won’t be embezzled, thanks not least to the decisive surveillance and exposure measures that have been taken; and Pennsylvania will indeed receive the windfall $495 million in taxes from Pennsylvania Investments, Inc., despite Governor Rendell’s best efforts to have the funds stolen.

And since Governor Rendell knows all about this matter, both because he and his structures are parties to the attempted embezzlement through the local Mafioso Salvatore R. DeFrancesco, and because he has been specifically informed about the tax windfall by Mr Cottrell himself in writing, the ‘debate’ over the budget in Harrisburg, is as duplicitous, hypocritical and disingenuous as the Governor’s whining to The New York Times.

Either he doesn’t understand what’s going on under his nose (as George Orwell intimated), or he’s acting stupid. Since he is aware that $495 million is in the pipeline destined for the Pennsylvania Department of Revenue, if he were doing his job properly, he should inform his Legislature of this fact, and adjust his budget to take account of this forthcoming tax windfall, accordingly.

THE N.S.A.-CHENEY-BIDEN ‘BLACK OPS’ TERRORIST
PSY-OPS OFFENSIVE AGAINST COTTRELL AND STORY
Finally, before we expose (below) the latest dimension of the Pennsylvania Fraud, involving Joe Biden’s buddy Salvatore R. DeFrancesco, we need to address the related issue, mentioned above, of the concerted and counterproductive NSA Psy-Ops ‘Black Ops’ campaign that has been waged relentlessly without a break against the Editor of this service, ever since February 2008, when the Wanta ‘switch’ was being consolidated and it was realised that the Editor of this service would no longer be at Wanta’s disposal. Wanta, of course, as we have exposed, works for George Bush Sr. and was the courier between Bush Sr. and Gorbachëv.

• He specialises in facilitating ongoing embezzlement operations by Godfather Bush.

During the period when the Editor was deceived by Wanta and Wanta usurped our publishing and website platform for his own (i.e. Bush’s and Cheney’s) agenda, as previously reported, the French Embassy in Washington, D.C., under M. Levitte, who is now President Sarkozy’s main (intelligence) adviser, promoted our reports worldwide through the French Intelligence Power’s global network – vastly expanding our coverage and leaving us with an asset of considerable reach and power.

As one perceptive Christian friend of the Editor’s in the New York area pointed out on 25th March, quoting scripture: ‘They meant it for evil but God meant it for good’!

When Cheney’s operatives realised that there was a danger that the Editor would henceforth use his website and publishing platform in a manner contrary to the interests of the Bush-Cheney-DVD kleptocracy, Cheney orchestrated the launch of a Py-Ops operation targeted specifically against the Editor of this service. This has had zero impact, but has played into our hands as it has provided us with a means of assessing how effective our exposures have been, and how agitated the demons have become. The more agitated they become, the more effective our exposures have been.

The Psy-Ops campaign, using just one demented paid hack who masquerades literally as a demon (and is certainly infested himself, judging by the Editor’s knowledge of demonic possession taught to him by his late friend Malachi Martin, who died in July 1999 (only a week after asking the Editor to renew his subscription to Soviet Analyst)), consists of the following ingredients:

• Obsessive verbal terrorism conveyed by phone using our 1-800 number so that WE pay for the privilege of being mocked, insulted and ridiculed by this demented ‘Black Ops’ terrorist USG cadre.

• Routine unsolicited voicemail messages consisting of a demonic cackle, a rant along the lines of ‘The Great Dark Lords’ will take over the planet and there is nothing you fools can do about it, and ending with contrived demonic false ‘laughter’.

• Obscene (really filthy) imprecations against the Editor’s distinguished father, who died in 1984.

• Obscene and foul denunciations and utterances always against Jesus Christ and Christianity, containing ignorant rants, sordid allusions and vapid imprecations, interrupted by demonic cackles.

• Note: ‘The devils also believe, and tremble’: James, Chapter 2, verse 19.

• Endless filthy observations, demonic laughter and false hilarity following rants to the effect that ‘you cannot win’ and ‘we have stolen all the money’.

• Occasional ‘why don’t you join us?’ suggestions, implying that we are effective (accurate), book-ended by the usual false demonic cackling, imprecations against Jesus Christ and dirty laughter.

• Repeated telephone calls along the above lines, which these days may amount to a dozen or more such harassment interventions daily. With the US criminalists’ increasing desperation, the number of these verbal terrorism calls perpetrated by this filthy USG ‘Black Ops’ cadre has soared.

• The proven stealing of our communications [see below]: i.e., we pay for these dirty USG calls.

STEALING OUR TELECOMMUNICATIONS; A FEDERAL OFFENCE
In recent weeks, this Psy-Ops operation has been extended to Michael C. Cottrell – a stupid, base, brainless move by the dunderheads running this operation, as of course this has simply confirmed what we know from other sources – namely, that this counterproductive Psy-Ops offensive, which seeks to demoralise us and to insist that ‘we cannot win’ when that is precisely what is happening, is DIRECTLY RELATED to our very successful resistance to the repeated attempts to EMBEZZLE the Queen’s loan funds, to steal the funds payable to Penn Sylvania Investments, Inc., and to frustrate, postpone, torpedo, jeopardise, encumber, complicate, hijack, divert or otherwise interfere with the internationally mandated transparent US Dollar Refunding Programme.

With the broadening of this mad and counterproductive Psy-Ops offensive to Michael C. Cottrell, B.A., M.S., we have been advised by reliable ‘special’ inside sources, which include the Paymaster, that this IS a cack-handed NSA Cheney (MK-Ultra-type) operation, which has continued under Vice President Biden, who as indicated ‘controls’ the NSA. Biden ‘inherited’ this ‘Black Ops’ offensive.

FEATURES OF THIS COUNTERPRODUCTIVE U.S.G. ‘PSY-OPS’
OPERATION LASTING FOR MORE THAN TWO YEARS ALREADY
Records of earlier such nuisance calls over two years are held in our London office. Meanwhile, during the Editor’s New York visit to date, the following ‘Great Dark Lords’ NSA Cheney-Biden-DVD harassment terrorist phone calls (listed below) have been monitored. Several features of this US Government-sponsored dirty tricks offensive against the Editor in particular have been identified:

(1): The perpetrator STEALS OUR COMMUNICATIONS by employing our published 1-800 number to deposit his load of filth on our voicemail. Stealing electronic communications is a Federal offence, and on Monday 29th March 2010, the Editor will be taking immediate and comprehensive steps to have this outrageous USG ‘Black Ops’ offensive traced and shut down by greatly complicating the lives of personnel at the carrier, itself an intelligence entity, which is permissively allowing this abuse to continue AND CHARGING THIS COMPANY for the privilege of the gross, childish insults, obscenities, blasphemies, verbal terrorism and calumnies against the Editor’s father for which this US Government abomination is criminally responsible.

(2): As we have caller ID in the New York office, we can immediately identify a rogue incoming call. During the present New York visit to date, the Editor has recorded as many of these ‘Black Ops’ calls as he can when physically present in the office.

Note: Because of the arrangement that we have in the New York office to capture our Western Hemisphere incoming phone calls, and as a matter of convenience, we have a loop arrangement whereby the 1-800 calls are routed to the London office automatically. When the Editor is in New York, the calls are re-routed from London back to New York. When a call using our 1-800 number arrives in the New York Office, a ‘ping’ occurs on the receiving phone, and a few seconds later the other land line receives the incoming call. When in the New York office, the Editor is therefore able to identify incoming callers that dialled the 1-800 number. Because of this arrangement, we are able to prove that the base perpetrator working for the NSA/Cheney/Biden is illegally STEALING OUR COMMUNICATIONS, and in the appended list below, those calls are identified.

(3): The record kept by the Editor of the incoming ‘Black Ops’ rogue calls has identified a rota of phone numbers, as listed here. When called back, the standard ‘Your call cannot be completed as dialled’ is heard. In other words, these dummy phone numbers registered by our Caller ID service are therefore intelligence numbers.

(4): With the high level of success that we have achieved behind the scenes in bringing these matters close to their necessary conclusion, the perpetrator has daily become more and more frantic, repeating his attempts to get through so that he can dump his latest load of pointless and counterproductive verbal terrorism obscenities on our voicemail. The nutcase has lost his cool.

(5): The perpetrator has the capacity of repeating a frustrated attempt to get through (if we pick the receiver up and slam it down) immediately, but from a different telephone number as registered on our Caller ID facility. This can only be done by a ‘Black Ops’ intelligence cadre.

(6): As noted, this ‘Black Ops’ offensive against the Editor, which has been conducted without a break by these maniacs since February 2008, has in recent weeks been extended to Michael C. Cottrell, B.A., M.S. Therefore:

(7): All things considered above, this is a deliberate, orchestrated dirty tricks ‘Black Ops’ offensive implemented by these desperate, filthy criminals lodged inside the US official structures which is supposed to demoralise us and make us ‘go away’. But when Hitler tried to demoralise the British people by bombing British cities, the British people stuck two fingers up in defiance at him, so that the entire bombing operation proved counterproductive.

• As noted above, it has been CONFIRMED to us from inside ‘special’ sources that this is a Cheney operation run through the National Security Agency, inherited by Biden.

In our case, not only has this disgraceful, low, dirty-minded rogue US Government verbal terrorism operation had absolutely no effect, but it has revealed to us loud and clear just how successful our exposures have been and continue to be, in thrusting a steel wrench and a muzzle onto and into the snout of the Unclean Beast and hauling him into an environment known as: ‘Rule of Law’.

The beast is filthy dirty, stinks, emits foul belches, utters imprecations and obscenities, most of which seem to be linked with homosexuality, and is now beside itself because for the past two years and more, this entire costly operation has proved to be a complete waste of its belching time.

And furthermore, the Beast has been caught stealing our US communications – a careless mistake typical of these reckless brainwashed basket cases who take risks as a matter of course.

And remember: THEY NEVER IMAGINED THERE COULD EVER BE ANY EFFECTIVE OPPOSITION.
Which is why the Beast is mad. And why he calls us on Sunday at 6:31 a.m. to have another belch.

CHENEY/BIDEN/NSA ‘BLACK OPS’ VERBAL TERRORISM PHONE CALLS RECEIVED IN OUR OFFICES: THIS IS DELIBERATE U.S. GOVERNMENT HARASSMENT BECAUSE WE ARE HITTING THE CRIMINALISTS’ NERVES AND ARE REFUSING TO BE INTIMIDATED AND TERRORISED
The tiresome detail of ‘NSA/Cheney/Biden ‘Black Ops’ Psy-Ops MK-ULTRA harassment ‘devil’ phone calls against the Editor of this service monitored during this New York visit is as follows:

17 March: 3.40 p.m.

19 March: 213-284 4199*:
All accessed via our 1-800 Number: stealing our telecommunications:
12:50 p.m.; 12: 51 p.m.; 12:52 p.m.; 12:53 p.m.; 01:24 p.m.; 05:44 p.m.

20 March: 213-284 4199*:
Accessed via our 1-800 Number: stealing our telecommunications:
1:24 p.m.

22 March:
All accessed via our 1-800 Number: stealing our telecommunications:
7:52 p.m.: 213-286 4100*
8:09 p.m.: ‘Out of Area’.

23 March:
Accessed via our 1-800 Number: stealing our telecommunications:
10:56 a.m: 213-286 4100*

24 March
All accessed via our 1-800 Number: stealing our telecommunications:
12:53 12:54 p.m.: ‘Out of Area’.: 213-325 3300
12:54 p.m.: ‘Out of Area’.
12:54 p.m.: ‘Out of Area’.
3:57 p.m.: 213-286 4199*
3:57 p.m.: 000-012 3456 Note immediate number switch. (Caller ID data)
4:09 p.m.: 213-286 4199*
9:03 p.m.: 213-286 4199*
9:16 p.m.: 000-012 3456
11:36 p.m.: 213-325 3300

26 March:
All accessed via our 1-800 Number: stealing our telecommunications:
12:00 noon
12:22 p.m.
3:46 p.m.: 213-325 3500
3:47 p.m.: 000-012 3456
3:48 p.m.: 213-325 3500
3:56 p.m.: 213-325 3500

27 March:
All accessed via our 1-800 Number: stealing our telecommunications:
11:57 a.m.: 213-286 4199*
12:37 p.m.: 000-012 3456
1:21 p.m.: 213-286 4199*
1:21 p.m.: ‘Out of Area’. Note immediate number switch.
1:29 p.m.: 213-286 4199*
1:30 p.m.: ‘Out of Area’.
2:06 p.m.: 213-286 4199*
2:06 p.m.: 213-286 4199*

* Traced to Teleport Communications, Los Angeles, CA.

28 March [Sunday]:
6:31 a.m.: 213-286 4199*
6:43 a.m.: ‘Out of Area’.
Landline disconnected.

6: 49 a.m.: Unable to get through to utter obscene imprecations against the Editor, the paid hack working for Cheney/Biden/NSA called Michael C. Cottrell at this hour to verbally terrorise him.

29 March [Monday] FOLLOWING POSTING OF THIS REPORT:
6.47 a.m.: ‘Out of Area’.
6:52 a.m.: 213-286 4199*
First landline disconnected.
Six further illegal attempts via our 1-800 number stealing our communication every few minutes.
Second landline disconnected.

• Note: It is clear that we have hit a nerve. Measures have now been taken to terminate this verbal terrorism perpetrated by the sick Cheney/Biden/NSA cadre. No doubt they think they are above the law as they deny the Rule of Law, and think they have carte blanche to continue perpetrating verbal terrorism against the Editor irrespective of this exposure. We will NOT BE INTIMIDATED.

There are also indications of some Canadian involvement. Under a disgraceful ‘Black Ops’ bilateral agreement between the US Intelligence Power and Canadian Intelligence, the Canadians spy on US citizens, and the Americans spy on Canadian citizens. That way, both have false ‘deniability’ and can state that they do not spy on their own citizens (or, in the case of Canada, subjects). The Canadian intelligence community is seriously corrupt and extremely unpleasant to have to deal with.

• Michael C. Cottrell has been attacked by the SAME ‘Psy-Ops’ operative who has been attacking the Editor since February 2008: for instance, during the Editor’s current New York visit Mr Cottrell was telephonically attacked inter alia as follows:

24 March: Three harassment calls from the Biden maniac.

26 March: Five harassment calls from the possessed nutcase working for Cheney’s NSA ‘Black Ops’ cadre under Biden: 4:00 p.m.; 4:01 p.m.; 4:03 p.m.; 4:07 p.m.; 4:08 p.m..

27 March: Harassment calls from the NSA-Cheney-Biden ‘Psy Ops’ maniac at 7:38 a.m. and 12: 52p.m.

SALVATORE R. DEFRANCESCO LINKED TO BIDEN:
THE NEW TWIST IN THE PENNSYLVANIA FRAUD
Pennsylvania Investments, Inc., owned by Michael C. Cottrell, B.A., M.S., with his wife Diane as a shareholder, was organised as Commonwealth of Pennsylvania Corporation Number 844244 filed on the 11th December 1984 by the Commonwealth of Pennsylvania Department of State Corporation Bureau approved by the signature of the Secretary of the Commonwealth of the day.

The corporation remains organised and incorporated as a Business Corporation under Section 204 of the Commonwealth of Pennsylvania Business Corporation Law act of 5th May 1933 (P.L. 364 (15 P.S. Section 1204) for the following purposes as stated in the founding documents [copies of which we hold on file] filed by the Commonwealth of Pennsylvania Department of State on 11th December 1984, namely: ‘To engage in and to do all lawful acts concerning any or all lawful business for which a corporation may be incorporated under the Business Corporation Law of Pennsylvania Act of May 5, 1933, P.L. 364, as amended’. And:

‘The term for which the corporation is to exist is: Perpetual’.

On 25th March 2010, Michael C, Cottrell, B.A., M.S., finally received a response from the following element of the Commonwealth of Pennsylvania’s bureaucracy [see our reports dated 19th and 24th March for background]:

Commonwealth of Pennsylvania
Department of State
Corporation Bureau
401 North Street, Room 206
P.O. Box 8722
Harrisburg, PA 17105-8722
WWW.DOS.STATE.PA.US/CORPS

BUSINESS PROCESSING SECTION
717-787 1057

The document, dated 03/19/2010 was addressed to and contained the following:

RE: 844244
PENNSYLVANIA INVESTMENTS, INC.

To Whom it May Concern:

The enclosed filing is being returned for the following reasons:

1. 125 – Per 15 PAQ C.S. 1110 we don’t file this information.
2. 134 – There is no provision in the General Associations Act that enables the Department of State to change a corporate officer. Please contact the Pennsylvania Department of Revenue in order to report your current corporate officers. Department of Revenue Bureau of Receipts & Control Department 280430 Harrisburg, PA 17128-0430
3. 161 – Your check has been deposited. Please return this notice along with your corrected filing. Failure to do so may result in further rejections.

In our report dated 24th March 2010, we published the following
segment which it is necessary to reproduce here:

MR COTTRELL’S LATEST STRUGGLES WITH
DELIBERATELY UNCOOPERATIVE AND ARROGANT PA OFFICIALS
The officials at the Department of State knew precisely who he was as soon as he called, and proceeded to front a barrage of excuses for their inaction to date, including: ‘We don’t do that’; and:’ You should be speaking to the Pennsylvania Department of Revenue, not to us’; plus words to the effect …‘We can send your filing fee ($70) back’.

After speaking later with the Department of Revenue (in the course of which stressful conversation he was of course cut off), and having been informed condescendingly that ‘he should know’ that changes in corporate officers and their designations needed to be forwarded on Pennsylvania Department of Revenue form REV-1605, Mr Cottrell managed to access form REV-1605 (which they don’t tell you how to access), and thus proceeded to complete the form, which he then submitted [see below] and which reads as follows [The Editor has a copy of the completed form on file]:

Pennsylvania Department of State
Bureau of Corporate Taxes
PO Box 280430
Harrisburg PA 17128-0430

REV-1605 CT (1-10) Schedule Co.
Names of Corporate Officers
Corporate Account ID: XXXXXX*
Corporate Officers:
President/Managing Partner SSN XXX-XX-XXXX* COTTRELL MICHAEL C.
Vice President SSN XXX-XX-XXXX* COTTRELL MICHAEL C.
Secretary SSN XXX-XX-XXXX* COTTRELL MICHAEL C.
Treasurer/Tax Manager SSN XXX-XX-XXXX* COTTRELL MICHAEL C.
Business Name: Pennsylvania Investments, Inc.
EIN: XXXXXXXXX*
Street Address: 1157 West 7th Street
City: Erie
State: PA
Zip Code: 16502
Preparer’s Signature: [Signed] Michael C. Cottrell
Title: President, Vice President, Secretary and Treasurer
Telephone Number: (814) 455 9218
Date: 03/13/2010

* Known to the Editor of this service.

WICKED DIVERSIONARY TACTIC BY CORNERED
PENNSYLVANIA DEPARTMENT OF STATE OFFICIALS:
REPRESENTING THAT PENNSYLVANIA INVESTMENTS, INC.
IS A HOLDING COMPANY, WHICH IS NOT THE CASE
Furthermore, as you will doubtless have observed:

• First, the General Associations Act cited in the Corporation Bureau document dated 03/19/2010 but only received by Mr Michael C. Cottrell on 25th March 2010 is NOT the legislation under which Pennsylvania Investments, Inc. is incorporated in perpetuity.

On the contrary, as stated above, the corporation remains organised and incorporated as a Business Corporation pursuant to Section 204 of the Commonwealth of Pennsylvania Business Corporation Law act of 5th May 1933 (P.L. 364 (15 P.S. Section 1204) for the following purposes stated in the founding documents filed by the Commonwealth of Pennsylvania Department of State on the 11th December 1984: ‘To engage in and to do all lawful acts concerning any or all lawful business for which a corporation may be incorporated under the Business Corporation Law of Pennsylvania Act of May 5, 1933, P.L. 364, as amended’.

• Secondly, the General Associations Act cited in the State Corporation Bureau document dated 03/19/2010 but only received by Mr Cottrell on 25th March 2010 applies to HOLDING COMPANIES, and Pennsylvania Investments, Inc., is NOT A HOLDING COMPANY. Therefore, the bureaucrats in the Corporation Department have WILFULLY introduced A NEW, DELIBERATE DIVERSIONARY OBFUSCATION RED HERRING that contains a typically duplicitous trap, because:

• Thirdly, if Mr Cottrell did not have his wits in permanent overdrive and were to submit to this latest deception, the consequence might be DEEMED TO BE that the status of his corporation had thereby been changed from the status of a Business Corporation to that of a Holding Company.

• In the fourth place, the Corporation Bureau fraudulently contrived effective 8th March 2010 to place the Vice-President of Penn Acceptance Corporation, of 2007 Highway, Suite 315, Pittston TWP, PA 18640-40 on the Pennsylvania Investments, Inc., screen, as ‘Secretary’ of Pennsylvania Investments, Inc., and furthermore, REMOVED their fraudulent insertion of this Mafioso impostor after Mr Cottrell contacted the Governor of Pennsylvania, the Pennsylvania Secretary of State, the Attorney General, the Department of State and the Department of Revenue.

They therefore both IMPOSED and later REMOVED the local Mafioso impostor’s name onto and off the Pennsylvania Investments, Inc. screen without being in any way CONSTRAINED from doing so by the General Associations Act or by any other Statute or impediment.

Which, as you will very readily concur, means that THIS IS ANOTHER DELIBERATE, CONTRIVED, WICKED BUREAUCRATIC DEVICE BY THE SERPENT TO OBFUSCATE THE SITUATION AND TO TRY TO CREATE NEW DIFFICULTIUES IN ORDER TO FRUSTRATE THE PAYMENT OF THE MONIES THAT ARE OVERDUE AND PAYABLE TO PENNSYLVANIA INVESTMENTS, INC….

• AND to DEPRIVE Pennsylvania of $495 million in desperately needed windfall tax revenues.

Furthermore, as you will observe from the above, we are able to prove with this report that this operation is being orchestrated by the Vice President of the United States, Mr Joseph Biden, from Pennsylvania, who thinks he’s another Cheney and can orchestrate the embezzlement of money like Cheney was accustomed to doing.

• In the fifth place, Mr Cottrell’s cheque on behalf of Pennsylvania Investments, Inc., ‘has been deposited’ – i.e., the Corporation Bureau have TAKEN HIS MONEY. Since the CORRECT FORM REV-1605 of the Pennsylvania Department of Revenue was submitted on 23rd March 2010 as required by both the Department of Revenue and the Department of State, the screen for Pennsylvania Investments, Inc. should read as we stated on 24th March 2010, namely thus:

Pennsylvania Department of State
Corporations

Business Entity Filing

Business Name History
Name:
Pennsylvania Investments, Inc.

Name Type: Current Name

Business Corporation – Domestic – Information
Entity Number: 844244
Status: Active
Entity Creation Date: 12/11/1984
State of Business: PA
Registered Office Address: 1157 West Seventh Street, Erie PA 16502-0
Mailing Address: 1157 West Seventh Street, Erie PA 16502-0

Officers:

Name: MICHAEL C. COTTRELL
Title: President
Address: 1157 West Seventh Street, Erie PA 16502-25

Name: MICHAEL C. COTTRELL
Title: Vice President
Address: 1157 West Seventh Street, Erie PA 16502-25

Name: MICHAEL C. COTTRELL
Title: Secretary
Address: 1157 West Seventh Street, Erie PA 16502-25

Name: MICHAEL C. COTTRELL
Title: Treasurer/Tax Manager
Address: 1157 West Seventh Street, Erie PA 16502-25

THEY TOOK MR COTTRELL’S FILING MONEY
BUT DIDN’T CHANGE THE PENNSYLVANIA INVESTMENTS, INC. SCREEN
As at the time and date of this posting, the Commonwealth of Pennsylvania Corporation Bureau screen for Pennsylvania Investments, Inc., reads as follows:

Pennsylvania Department of State
Corporations

Business Entity Filing

Business Name History
Name:
Pennsylvania Investments, Inc.

Name Type: Current Name

Business Corporation – Domestic – Information
Entity Number: 844244
Status: Active
Entity Creation Date: 12/11/1984
State of Business: PA
Registered Office Address: 1157 West Seventh Street, Erie PA 16502-0
Mailing Address: 1157 West Seventh Street, Erie PA 16502-0

Officers:

Name: MICHAEL C. COTTRELL
Title: President
Address: 1157 West Seventh Street, Erie PA 16502-25*

*Note: Having examined several screens for Pennsylvania Corporations including that of Penn Acceptance Corporation, it is noted that the entry against ‘Registered Office Address’ always has the zip code number followed by: -0; whereas the addresses of the officers have the zip code with two different digits, so that in Mr Cottrell’s case, the zip against the officers would read: 16502-25. [In the report dated 24th March 2010, we stated that the officers would have an address zip code: 16502-0. This has been corrected to: 16502-25 in accordance with the Corporation Bureau norm].

SO, MR COTTRELL FAXED THE GOVERNOR OF PENNSYLVANIA’S OFFICE OF GENERAL COUNSEL, THE GOVERNOR OF PENNSYLVANIA, EDWARD G. RENDELL, THE PENNSYLVANIA DEPARTMENT OF STATE CORPORATION DEPARTMENT AND THE PENNSYLVANIA DEPARTMENT OF REVENUE ALL OVER AGAIN, WITH ALL THE DOCUMENTS.

THAT WAY, A MASSIVE PAPER TRAIL PERTINENT
TO ‘MISPRISION OF FELONY’ IS ON THE RECORD
Since, despite banking Mr Cottrell’s cheque on behalf of Pennsylvania Investments, Inc., the Commonwealth of Pennsylvania Corporation Bureau has STILL CONTRIVED NOT TO DISPLAY THE AMENDMENTS REQUIRED BY MR COTTRELL PER PENNSYLVANIA DEPARTMENT OF REVENUE FORM REV-1605 [see above], Mr Michael C. Cottrell, B.A., M.S. faxed and refaxed the documents identified in the following FAX COVER sheets to the named recipients at the times specified below on 26th March 2010 and on the earlier dates also specified herewith:

………………………………………………………………

(1): Governor’s Office of General Counsel:
Faxed 26th March 2010: 11:27 a.m. to 11: 48 a.m.

PENNSYLVANIA INVESTMENTS, INC.
1157 West 7th Street
Erie, PA 16502
Telephone: 814-455 9218
Facsimile: 814- 453 4453
Email: pii-mcc@msn.com

TO: Governor’s Office of General Counsel
333 Market Street, 17th Floor
Harrisburg, PA 17101

REF: Pennsylvania Department of State
FRAUDULENT ENTRY ON www.corporations.state.pa.us/corp

RE: FRAUD AGAINST THIS FIRM STILL CONTINUES:
PERPETRATED B Y VICE PRESIDENT BIDEN
AND SALVATORE DEFRANCESCO et al.

VIA: FAX (717) 772-8570

ITEMS ENCLOSED:
[Note: We are not displaying these items here except to reproduce again, as Appendix 1, the Letter of Notification regarding the Fraudulent Entry of Salvatore DeFrancesco, as we did for the report dated 24th March 2010; and we also reproduce, as Appendix 2, The Certificate of Adoption of Corporate Resolution dated 3/13/2010].

(1): FORM REV-1605 – Completed, Signed and Dated.

(2): (1): Letter of Notification regarding: Fraudulent Entry on www.corporations.state.pa.u.s/corp by person(s) unknown against Pennsylvania Investments, Inc. [3/8.2010]: 3 Pages
Exhibit “A”-1, Exhibit “B”:-1 thru 4, Exhibit “D”-1 & 2.

(3) COPIES 1 & 2 OF ARTICLES OF AMENDMENT – DOMESTIC
CORP (15, Pa. C.S.) PER DEPARTMENT OF STATE INSTRUCTIONS;

• EXHIBIT A – CERTIFICATE OF ADOPTION OF CORPORATE RESOLUTION DATED 3/13/2010.

[Note: They don’t want this document on file: see Appendix 2 below].

• COPY OF PERSONAL CHECK FOR $70.00 USD.

• COPY OF SIGNED DELIVERY AND ACCEPTANCE OF DOCUMENTS BY DEPARTMENT OF STATE [dated] 18 MARCH 2010.

NOTE: STILL AS OF THIS DATE, THERE HAS BEEN NO CORRECTIVE ACTION TAKEN TO RECTIFY THE FRAUDULENT SITUATION THAT CAN PREVENT THIS FIRM’S LEGAL AND LAWFUL RECEIPT OF FIFTEEN BILLION+ UNITED STATES DOLLARS.

[Signed]:
MICHAEL C. COTTRELL, B.A., M.S.
PRESIDENT, CEO, TREASURER AND SECRETARY
3-26-2010

Page 1 of 38 pages.

………………………………………………………………

(2): The Honorable Edward G. Rendell
Governor of Pennsylvania
Faxed 25th March 2010: 6:13 p.m. to 6:32 p.m.

PENNSYLVANIA INVESTMENTS, INC.
1157 West 7th Street
Erie, PA 16502
Telephone: 814-455 9218
Facsimile: 814- 453 4453
Email: pii-mcc@msn.com

TO: The Honorable Edward G. Rendell
Governor of Pennsylvania
225 Main Capitol Building
Harrisburg, PA 17120

REF: Department of State
Department of Revenue

RE: REV-1605 FORM

VIA: FAX (717) 772-8264

ITEMS ENCLOSED:
[Note: We are not displaying these items here except to reproduce again, as Appendix 1, the Letter of Notification regarding the Fraudulent Entry of Salvatore DeFrancesco, as we did for the report dated 24th March 2010; and we also reproduce, as Appendix 2, The Certificate of Adoption of Corporate Resolution dated 3/13/2010].

(1): FORM REV-1605 – Completed, Signed and Dated.

(2): (1): Letter of Notification regarding: Fraudulent Entry on www.corporations.state.pa.u.s/corp by person(s) unknown against Pennsylvania Investments, Inc. [3/8.2010]: 3 Pages
Exhibit “A”-1, Exhibit “B”:-1 thru 4, Exhibit “D”-1 & 2.

(3) COPIES 1 & 2 OF ARTICLES OF AMENDMENT – DOMESTIC
CORP (15, Pa. C.S.) PER DEPARTMENT OF STATE INSTRUCTIONS;

• EXHIBIT A – CERTIFICATE OF ADOPTION OF CORPORATE RESOLUTION DATED 3/13/2010.

[Note: They don’t want this document on file: see Appendix 2 below].

• COPY OF PERSONAL CHECK FOR $70.00 USD.

• COPY OF SIGNED DELIVERY AND ACCEPTANCE OF DOCUMENTS BY DEPARTMENT OF STATE [dated] 18 MARCH 2010.

[Signed]:
MICHAEL C. COTTRELL, B.A., M.S.
PRESIDENT, CEO, TREASURER AND SECRETARY
3-25-2010

Page 1 of 31 pages

………………………………………………………………

(3): Pennsylvania Department of State
CORPORATION BUREAU
Faxed 23rd March 2010: 11:00 a.m.. to 11:15 a.m.

PENNSYLVANIA INVESTMENTS, INC.
1157 West 7th Street
Erie, PA 16502
Telephone: 814-455 9218
Facsimile: 814- 453 4453
Email: pii-mcc@msn.com

TO: Pennsylvania Department of State
CORPORATION BUREAU
Harrisburg, PA 17105-8722

ATTN: SALLY KROW

RE: REV-1605 FORM

VIA: FAX (717) 783-2244

ITEMS ENCLOSED:
[Note: We are not displaying these items here except to reproduce again, as Appendix 1, the Letter of Notification regarding the Fraudulent Entry of Salvatore DeFrancesco, as we did for the report dated 24th March 2010; and we also reproduce, as Appendix 2, The Certificate of Adoption of Corporate Resolution dated 3/13/2010].

(1): FORM REV-1605 – Completed, Signed and Dated.

(2): (1): Letter of Notification regarding: Fraudulent Entry on www.corporations.state.pa.u.s/corp by person(s) unknown against Pennsylvania Investments, Inc. [3/8.2010]: 3 Pages
Exhibit “A”-1, Exhibit “B”:-1 thru 4, Exhibit “D”-1 & 2.

(3) COPIES 1 & 2 OF ARTICLES OF AMENDMENT – DOMESTIC
CORP (15, Pa. C.S.) PER DEPARTMENT OF STATE INSTRUCTIONS;

• EXHIBIT A – CERTIFICATE OF ADOPTION OF CORPORATE RESOLUTION DATED 3/13/2010.

[Note: They don’t want this document on file: see Appendix 2 below].

• COPY OF PERSONAL CHECK FOR $70.00 USD.

• COPY OF SIGNED DELIVERY AND ACCEPTANCE OF DOCUMENTS BY DEPARTMENT OF STATE [dated] 18 MARCH 2010.

[Signed]:
MICHAEL C. COTTRELL, B.A., M.S.
PRESIDENT, CEO, TREASURER AND SECRETARY
3-23-2010

Page 1 of 29 pages

………………………………………………………………

(4): Pennsylvania Department of Revenue
Faxed 23rd March 2010: 10:42 a.m. to 10:59 a.m.

PENNSYLVANIA INVESTMENTS, INC.
1157 West 7th Street
Erie, PA 16502
Telephone: 814-455 9218
Facsimile: 814- 453 4453
Email: pii-mcc@msn.com

TO: Pennsylvania Department of Revenue
P.O. Box 280430
Harrisburg, PA 17128-0430

ATTN: Bureau of Corporation Taxes

RE: REV-1605 FORM

VIA: FAX (717) 705-6227

ITEMS ENCLOSED:
[Note: We are not displaying these items here except to reproduce again, as Appendix 1, the Letter of Notification regarding the Fraudulent Entry of Salvatore DeFrancesco, as we did for the report dated 24th March 2010; and we also reproduce, as Appendix 2, The Certificate of Adoption of Corporate Resolution dated 3/13/2010].

(1): FORM REV-1605 – Completed, Signed and Dated.

(2): (1): Letter of Notification regarding: Fraudulent Entry on www.corporations.state.pa.u.s/corp by person(s) unknown against Pennsylvania Investments, Inc. [3/8.2010]: 3 Pages
Exhibit “A”-1, Exhibit “B”:-1 thru 4, Exhibit “D”-1 & 2.

(3) COPIES 1 & 2 OF ARTICLES OF AMENDMENT – DOMESTIC
CORP (15, Pa. C.S.) PER DEPARTMENT OF STATE INSTRUCTIONS;

• EXHIBIT A – CERTIFICATE OF ADOPTION OF CORPORATE RESOLUTION DATED 3/13/2010.

[Note: They don’t want this document on file: see Appendix 2 below].

• COPY OF PERSONAL CHECK FOR $70.00 USD.

• COPY OF SIGNED DELIVERY AND ACCEPTANCE OF DOCUMENTS BY DEPARTMENT OF STATE [dated] 18 MARCH 2010.

[Signed]:
MICHAEL C. COTTRELL, B.A., M.S.
PRESIDENT, CEO, TREASURER AND SECRETARY
3-23-2010

Page 1 of 29 pages

………………………………………………………………

IN MEMORIAM AND HORIZONTALISATION NEWS:

MANAGING DIRECTOR OF THE ABU DHABI INVESTMENT AUTHORITY [SCAMMED BY BUSH]
Ahmed bin Zayed Al Nahyan, the Managing Director of the Abu Dhabi Investment Authority, was reported by the Morrocan official news agency MAP to be ‘missing’ after his ‘glider’ crashed into a lake in Morocco on Friday 26th March 2010. The pilot of the craft was rescued ‘in good condition’. Sheikh Al Nahyan was the younger brother of Sheikh Khalifa, Ruler of the United Arab Emirates.

The glider went down near the Sidi Mohammed Ben Abdullah Dam, which forms the lake, located in the Atlantic coastal region near the town of Skhirat, about 35 kilometres south of the Moroccan capital, Rabat. One of the Moroccan royal palaces is located in Skhirat.

Although the AIDA issued its first-ever annual statement literally last week, the document contained no information on the entity’s balance sheet or on the overall size of the fund’s holdings. That’s not surprising because its balance sheet is stuffed with worthless derivative assets, AIDA having been exploited by the Bush Crime Family’s Fraudulent Finance operations.

Whether Al Nahyan was pushed out of the craft over the lake may never be known, of course.

• Barbara Bush in hospital:
Naturally, the foregoing has nothing whatsoever to do with the Houston Chronicle’s 28th March 2010 report that Mrs Barbara Bush, aged 84, who is said to have gained control over some of her husband’s affairs, was admitted to the local Methodist Hospital for ‘routine tests’, according to Jean Becker, George Bush Sr.’s Chief of Staff. Mrs Bush, who underwent surgery to replace her aortic valve in March 2009, was expected to be released ‘in a day or two’.

• On 27th March, a London metals trader, Andrew Maguire, who warned an investigator for the US Commodity Futures Trading Commission (the CFTC) in advance about an intended gold and silver market manipulation operation planned by traders at JPMorgan Chase in February 2010, and whose whistleblowing was publicised by a gold lobby representative at a CFTC hearing held on 25th March 2010 on metals futures trading, was injured with his wife when their car was struck by a hit-and-run driver in the London area. The couple were admitted to the nearest hospital with minor injuries but are expected to recover fully. In a report to a colleague, Mr Maguire said that his car was rammed, apparently deliberately, by a vehicle that rushed out of a side road. The rogue driver was caught by police after a chase in which police helicopters were deployed.

• Note: We will be migrating the crisis-linked In Memoriam and Horizontalisation News spot to the upgraded website when it’s ready, and at that stage we will incorporate the sizeable file of cases that have accumulated since we last updated the list [Archive].

The series will be maintained in a new facility to be added to the website entitled Databank, which will hold lists and other accumulated data published in the reports Archive.

………………………………………………………………

APPENDIX 1:

MICHAEL C. COTTRELL’S LETTER OF NOTIFICATION OF 9TH MARCH 2010 TO THE PENNSYLVANIA DEPARTMENT OF STATE DEMANDING THE IMMEDIATE REMOVAL OF THE NAME OF THE MAFIA IMPOSTOR SALVATORE DE FRANCESCO FROM THE PENNSYLVANIA INVESTMENTS, INC. STATE CORPORATION BUREAU’S OFFICIAL SCREEN, FRAUDULENTLY SHOWING THE IMPOSTOR MAFIOSO AS ‘SECRETARY’ OF THE CORPORATION:

(1): FAX COVER
PENNSYLVANIA INVESTMENTS, INC.
1157 West 7th Street
Erie, PA 16502
Telephone: 814-455 9218
Facsimile: 814- 453 4453
Email: pii-mcc@msn.com

TO: Pennsylvania Department of State
401 North Street, Room 206
P.O. Box 8722
Harrisburg, PA 17105-8721

Attention: Ms. Butler, Supervisor

Via: Fax: 717-783 2244

ITEMS ENCLOSED:
(1): Letter of Notification regarding: Fraudulent Entry on www.corporations.state.pa.u./corp by person(s) unknown against Pennsylvania Investments, Inc. [3/8.2010]: 3 Pages
(2): Exhibit “A”: 12 Pages
(3): Exhibit “B”: 5 Pages
(4): Exhibit “C”: 3 Pages
(5): Exhibit “D”: 15 Pages.

Number of pages including cover: 39
9 March 2010
………………………………………………………………

(2): LETTER OF NOTIFICATION TO
PENNSYLVANIA DEPARTMENT OF STATE:

PENNSYLVANIA INVESTMENTS, INC.
1157 West 7th Street
Erie, PA 16502
Telephone: 814-455 9218
Facsimile: 814- 453 4453
Email: pii-mcc@msn.com

TO: Pennsylvania Department of State
401 North Street, Room 206
P.O. Box 8722
Harrisburg, PA 17105-8721

Attention: Ms. Butler, Supervisor

Reference:
Due Diligence Accounts Payable [Nov 19th, 2004 to March 25th, 2008]

RE: FRAUDULENT ENTRY ON www.corporations.state.pa.us/corp BY PERSON(S) unknown against Pennsylvania Investments, Inc. (3/8/2010)

Via: Fax: 717-783 2244/ AND U.S. MAIL

Dear Ms. Butler:
Per our conversation this date, between approximately 9:34 a.m. EST and 9:40 a.m. EST, I stated to you that Pennsylvania Investments, Inc. is to receive funds in the amount of Fifteen Billion United States Dollars ($15,000,000,000.00 USD):

[Ref: Exhibit “B, Page 1” Payables Due with the Due Diligence Documentation Part 1 and Part 2, dated November 19, 2004 to March 23, 2008]

derived from a “Settlement” between the United States of America, the World Court, the People’s Republic of China, with the signed approval of President Barack Obama, and a loan of Six Point Two Trillion United States Dollars ($6,200,000,000,000.00 USD) to Pennsylvania Investments, Inc., via Her Majesty, the Queen of England (Sovereign of the United Kingdom of Great Britain and Northern Ireland) for the purpose of a Private Funding Refunding of the United States Dollar (Ref: Exhibit “B” Pages 2-4, an Affidavit submitted to Her Majesty, et al. On 29 December 2008).

Additionally, I stated to you that Pennsylvania Investments, Inc. (including Michael C. Cottrell) will pay an amount of Pennsylvania Corporate and Personal taxes of approximately Four Hundred and Ninety-Five Million United States Dollars ($495,000,000.00 USD) from this “Settlement” process.

Page 2: RE: FRAUDULENT ENTRY ON www.corporations.state.pa.us/corp BY PERSON(S) unknown against Pennsylvania Investments, Inc. (3/8/2010):

However, the Pennsylvania Department of State has now become [a] knowing or unknowing participant in the ongoing fraudulent activities [being] attempted to divert said funds and the payment of Pennsylvania Corporate Taxes and/or to steal and place said funds in “off-balance sheet account(s)” with the aid of bank and political fraudsters – located in London (UK), Paris (France), Geneva (Switzerland), Houston and Dallas (Texas), Washington, D.C., and various locations in the Commonwealth of Pennsylvania

The above referenced fraudulent activity is evidenced by the placement of “SALVATORE R. DEFRANCESCO as SECRETARY” as Officer of Pennsylvania Investments, Inc. screen dated March 8, 2010 WITHOUT a correspondent Amendment of Articles – WITHOUT THE KNOWLEDGE OR APPROVAL OF THE DIRECTORS/OWNERS OF PENNSYLVANIA INVESTMENTS, INC.

Therefore, this corporation hereby demands that the name “SALVATORE R. DEFRANCESCO as SECRETARY” BE REMOVED IMMEDIATELY FROM THE SCREEN PAGE IDENTIFYING ENTITY 844244: PENNSYLVANIA INVESTMENTS, INC., 1157 WEST 7TH STREET, ERIE PA 16502-0.

Further, this corporation demands an investigation and a FULL REPORT TO THE BOARD OF DIRECTORS – as to who gave the authority for this name to be placed on said screen, what evidence [exists] of authorization granting said person the position of SECRETARY for this corporation, and what action will be taken against said person committing the fraudulent entry.

If the offending item is not removed immediately upon the facsimile receipt of this letter and documentation, this corporation will move legally for fraud against the Secretary of the Commonwealth, the Honorable Pedro A Cortes, et al., and against SALVATORE R. DEFRANCESCO (INDIVIDUALLY AND SEVERALLY) for Fraud against Pennsylvania Investments, Inc., for THREE (3) TIMES DAMAGES, e.g., FORTY-FIVE BILLION UNITED STATES DOLLARS ($45,000,000,000.00 USD) – since the payment is IMMINENT and therefore the screen identified can be used to divert or steal the aforementioned funds, e.g. [for account of] FIDELITY DEPOSIT & DISCOUNT BANK, et al., and/or PENN ACCEPTANCE CORPORATION, et al..

This firm has NO ACCOUNTS with either. The stated funds are to be deposited with this firm’s identified Securities Account at Morgan Stanley & Co, New York, NY.

Page 3: RE: FRAUDULENT ENTRY ON www.corporations.state.pa.us/corp BY PERSON(S) unknown against Pennsylvania Investments, Inc. (3/8/2010):

Thank you for your immediate attention and assistance in this matter.

Regards,

Michael C. Cottrell, B.A., M.S.
President, CEO and Secretary
Pennsylvania Investments, Inc.
1157 West 7th Street
Erie, PA 16502-1106

Reference:
Exhibit “A”: Pages 1 thru 11;
Exhibit “B”: Pages 1 thru 4;
Exhibit “C”: Pages 1 and 2;
Exhibit “D”: Pages 1 thru 13.

CC:
(1): The Honorable Edward G. Rendell, Governor of Pennsylvania
(2): The Honorable Pedro A Cortes, Secretary of the Commonwealth
(3): The Honorable Tom Corbett, Pennsylvania Attorney General
(4): Robert S. Cessar, United States Attorney, Pittsburgh, PA
(5): A. Clifton Hodges, Esq., Hodges and Associates, 4 East Holly Street,
Suite 202, Pasadena, CA 91103
(6): Mr William Bonney, Sr., BOLDCAP
(7): Mr Dana V. Wilcox

………………………………………………………………

APPENDIX 2:

Note:
This document [with introduction] was posted as the FOREWORD to our report dated 19th March 2010. The Pennsylvania Department of State are resisting the filing of this document

ARTICLES OF AMENDMENT RE: PENNSYLVANIA INVESTMENTS, INC. DATED 13TH MARCH 2010:
Submitted with the $70 necessary filing fee to Pennsylvania Department of State, Corporation Bureau by Pennsylvania Investments, Inc., 1157 West 7th Street, Erie, PA 16502, on 15th March 2010. Pennsylvania Investments, Inc. was incorporated on 11th December 1984 under the following Pennsylvania Statute: 19 PA CODE CH. 35 (1933) P.L. 354, as amended. The Articles of Amendment stated that: ‘The amendment shall be effective on March 13th [2010] at 12:01 pm.’

The amendment was adopted by the Board of Directors pursuant to 15 Pa. C.S. Section 1914(c) or Section 5914(b). ‘The amendment adopted by the Corporation is set forth in Exhibit A attached hereto and made a part hereof’. ‘In testimony whereof, the undersigned corporation has caused these Articles of Amendment to be signed by a duly authorized officer thereof this 13th day of March 2010: PENNSYLVANIA INVESTMENTS, INC.

[Signed] Michael C. Cottrell: Title: PRESIDENT, CEO, SECRETARY AND TREASURER: 3/13/2010

Exhibit A forming an integral part of these Articles of Amendment:

PENNSYLVANIA INVESTMENTS, INC.
1157 West 7th Street
Erie, PA 16502
Telephone: 814-455 9218
Facsimile: 814-453 4453
Email: pii-mcc@msn.com; pii3mcc@gmail.com

EXHIBIT “A”: 13 March 2010

CERTIFICATE OF ADOPTION OF CORPORATE RESOLUTION

I hereby certify that at a meeting of the Board of Directors of Pennsylvania Investments, Inc., a corporation organized and existing under and by virtue of the laws of the state of Pennsylvania, held on the 13th day of MARCH, 2010 at which said meeting a quorum was present and acting throughout, the following resolutions were adopted and ever since have been and now are in full force and effect:

RESOLVED, that due to the attempted fraudulent devices indicated by the PENNSYLVANIA DEPT. OF STATE (www.corporations.state.pa.us/corp) of 8 MARCH 2010, et al., THIS CORPORATION HEREBY DECLARES any and all corporate resolutions pertaining to bank accounts excluding PNC ACCOUNT, ROBIN DRIVE, ERIE, PA, and all other Securities Accounts, excluding MORGAN STANLEY SECURITIES ACCOUNT (16 November 2005), as NULL AND VOID;

RESOLVED, that since this corporation has never granted a non-owner of shares of this corporation any directorship or office, it hereby grants Michael C. Cottrell, B.A., M.S., the retention of full authorities and powers as President, Vice President, Treasurer and Secretary, and is thereby granted full authorization and control of this corporation as per this duly authorized resolution;

IN WITNESS WHEREOF, I have hereunto set my signature
for said corporation this 13th day of March, 2010.

[Signed]:
Michael C. Cottrell, B.A, M.S.
President, CEO, Treasurer, & Secretary
Date: 3/13/2010

[Signed]:
Diane R. Cottrell, B.A., M.A.
(A.K.A. Diane R. Bertolini, B.A., M.A.)
Shareholder
Date: 3/13/2010

• Note: The Editor of this service holds copies
of these Articles of Amendment and of Exhibit “A” in our files.

………………………………………………………………

APPENDIX 3:

The following document was not included in the urgent fax sent by Mr Cottrell dated 9th March 2010 to the Pennsylvania Department of State but is included herewith for reference [and was included in our report dated 19th March 2010]:

PENNSYLVANIA INVESTMENTS, INC.
1157 West 7th Street
Erie, PA 16502
Telephone: 814-455 9218
Facsimile: 814- 453 4453
Email: pii-mcc@msn.com

16 NOVEMBER 2005

CERTIFICATE OF ADOPTION OF CORPORATE RESOLUTION

I hereby certify that at a meeting of the Board of Directors of Pennsylvania Investments, Inc., a corporation organized and existing under and by virtue of the laws of the State of Pennsylvania, held on the 16th day of November 2005 at which said meeting a quorum was present and acting throughout, the following resolutions were adopted and ever since have been and now are in full force and effect:

RESOLVED,
that US Dollar account(s) be established at Morgan Stanley & Co. Incorporated located at 1221 Avenue of the Americas, New York, New York 10020.

RESOLVED,
that Michael C. Cottrell, M.S., as President and Secretary, is hereby empowered with full legal authority to sign any necessary documents to open and conduct business within said account(s) on behalf of this Corporation;

FURTHER RESOLVED, that Michael C. Cottrell, M.S., is hereby granted authority to make, execute, and deliver, any and all written instructions necessary or proper to effectuate the authority hereby conferred to sign any and all necessary documents required to execute instructions regarding activities within said account(s).

IN WITNESS WHEREOF, I have hereunto set my signature for said corporation this 16th day of November, 2005.

[Signed]
Michael C. Cottrell
President and Secretary
Date: 11-16-2005

[Signed]
Diane R Bertolini-Cottrell, B.A., M.A.
Shareholder
Date: 11-16-2005.

………………………………………………………………

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 ARE IN BREACH [SEE REPORTS]:

All securitisation is illegal under US and Common Law: see report dated 10th March 2010.

• 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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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.

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

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

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

• It is suitable for PC’s but not for 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].

NEW ‘COLLATERAL’ FOR ‘REVENUE ANTICIPATION BOND’

cropped-chrisstory

AS SOON AS OBAMA SIGNED THE HEALTH BILL: AN IMMEDIATE START-UP OF THE FRAUDULENT CAROUSEL VIA THE FED AND THE SWEDISH RIKSBANK

Wednesday 24 March 2010 01:35

• THE REASON BEHIND THE RUSH TO STAMPEDE THE UNREAD HEALTH BILL THROUGH

• U.S. TREASURY CONJURES UP A ‘REVENUE ANTICIPATION BOND’

• HEALTH CARE FINANCIAL PIPELINE NEEDED AS ‘COLLATERAL’
FOR AN IMMEDIATE, GREEDY RENEWAL OF THE CAROUSEL

• THE QUEENS’ LOAN MONEY IS REPORTED TO HAVE BEEN
ILLEGALLY MOVED AND IS NOT WHERE IT SHOULD BE

• MEMORANDUM TO THE MI-6 (MI-9) OFFICERS IN CHARGE
OF RESOLVING THIS CRISIS, AND INTERPOL

• ANOTHER MOTIVE: PAYEES ARE DEMANDING CASH, IN UNISON

• HEALTH CARE MONEY PIPELINE ALREADY ENCUMBERED LIKE SOCIAL SECURITY

• FRAUDULENT FINANCE IMPERATIVE BEHIND THE UNSEEMLY, GREEDY RUSH

• MORE PENNSYLVANIA DEPARTMENT OF STATE DECEIT

• MAFIOSO SITTING IN HIS OFFICE AS BEFORE

• MR COTTRELL’S LATEST STRUGGLES WITH DELIBERATELY
UNCOOPERATIVE AND ARROGANT PA OFFICIALS

• SECRET DIVERSION INSTRUCTIONS MAY STILL BE ‘LIVE’

• MS. BUTLER COULDN’T BE BOTHERED TO SEND
MR COTTRELL’S PAPERS TO SALLY KROW IN THE SAME BUILDING

• NEW DOCUMENTS SUBMITTED TO THE PA AUTHORITIES

• WHAT THE PENNSYLVANIA INVESTMENTS, INC. CORPORATE SCREEN
WITH THE PA DEPARTMENT OF STATE SHOULD LOOK LIKE NOW

SECURITIZATION IS ILLEGAL UPDATE: In the Subs/Books Update panel immediately below the NEWS panel that you are currently viewing, you will see an announcement concerning publication of Economic Intelligence Review, Volume 12, Numbers 7 & 8. If you press that announcement text and open up the panel, you will see the contents list for the new [2010Q1] issue of E.I.R., including a breakdown of the Chapter Headings for the detailed analysis showing that Securitization is illegal. See our NEWS report dated 10th March 2010 for summaries of some of the data from this analysis. We understand that the report has created uproar in certain corridors of corrupt power.

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.

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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.
You can also access the CMKM/CMKX text at: http://viewer.zoho.com/docs/paKdda
The biggest lawsuit in world legal history: The phantom share giga-scandal.

NEW REPORT STARTS HERE:

THE REASON BEHIND THE RUSH TO STAMPEDE THE UNREAD HEALTH BILL THROUGH
No doubt you may have wondered what all the rush to get the Health Care Bill onto Mr Obama’s desk was all about, and why it was necessary for harassed US legislators to meet all weekend to agree a colossal convoluted piece of Talmudic legislation that none of them were given time to read, so that Mr Obama could sign it into law on Monday 22nd March, whether the law made sense, was legal, or not. Even the House Speaker, Mrs Nancy Polosi, is reported to have said, slyly and pointedly: ‘We won’t know what’s in this bill until it’s become law’.

Well, here’s the answer to the implied questions: what was all the fuss and rush about?

And why did Obama postpone his trip back home to Indonesia after it had been announced – thus revealing that the Health Care Hassle was in fact motivated by an agenda hidden from public view and understanding?

U.S. TREASURY CONJURES UP A ‘REVENUE ANTICIPATION BOND’
With the Health Care Financial Pipeline Bill that was plonked into Obama’s desk with a thud having been signed, the following preplanned financial skullduggery steps were immediately put in play:

(1): A so-called REVENUE ANTICIPATION BOND based on the pipeline of money which is the whole purpose of the Health Care Bill, as we pointed out in our report dated 19th March (1), was activated through the US Treasury.

(2): This REVENUE ANTICIPATION BOND was made available by the Treasury to the Federal Reserve, which is engaged in a hypothecation operation, running it through the oh-so-helpful Swedish Riksbank (the central bank of Sweden).

HEALTH CARE FINANCIAL PIPELINE NEEDED AS ‘COLLATERAL’
FOR AN IMMEDIATE, GREEDY RENEWAL OF THE CAROUSEL
The ‘rush’ to get the Health Care mish-mash onto the Statute Book, and Obama’s postponement of his visit home, was nothing whatsoever to do with the grandiose objectives and grandstanding promulgated by Mr Obama and his apologists.

On the contrary, it had everything to do with creating a new ‘basis’ for further Fraudulent Finance and hidden hypothecation operations.

This programme is being handled by Dr Ben Bernanke and his associate, Mr Dudley, who serves on the Bank for International Settlements’ (BIS) money-shuffling committee whereby, with no checks or balances, money is scooped up from wherever, and often corruptly placed into trades without any accountability whatsoever.

THE QUEENS’ LOAN MONEY IS REPORTED TO HAVE BEEN
ILLEGALLY MOVED AND IS NOT WHERE IT SHOULD BE
Equipped with this new ‘collateral’ basis, it appears that the Geithner Treasury, the Bernanke Federal Reserve, and complicit European central banks, snapped immediately into gear as soon as Obama had signed the bill – starting up the Fraudulent Finance carousel via the Federal Reserve Inter Bank Settlement Fund and almost certainly stealing and diverting some of the Queen’s Loan money in the process.

Because we have been informed that The Queen’s Loan funds payable to Pennsylvania Investments, Inc., are [as of 23rd March 2010] not where they should be at this point in time – contrary to the situation prevailing PRIOR to Mr Obama’s signature of the Health Care Bill.

The highest-level criminalists’ motivation, apart from restarting the Fraudulent Finance carousel, is to snub The Queen and the Chinese parties and to proclaim from behind the scenes: ‘We aren’t going to be told what to do by you’, even though their serial criminality is fully understood in all the relevant corridors of power around the world, and in all the key chancelleries and by all the Heads of State and their staff who matter.

Their serial criminality is also well understood by the non-rogue component of the US Intelligence Power, straining to get this done – which our best sources indicate is at war with the Bush-Clinton Mafiosi serving the interests of the DVD and France, within the Central Intelligence Agency (proxy for the CIA and its 17+ ‘subsidiaries’).

MEMORANDUM TO THE MI-6 (MI-9) OFFICERS IN CHARGE
OF RESOLVING THIS CRISIS, AND INTERPOL
Get cracking immediately and establish what has happened to the Queen’s Loan money.

Take on board the corruption, by extension, of the Swedish Riksbank and any other European central banks involved in this latest leg of White House and Treasury corruption, diversion and stealing of The Queen’s funds.

Use the phrase RULE OF LAW in every conversation with these criminals. And bear in mind that we are on to this latest diversion, just as we picked up on the earlier diversions and thefts.

All concerned, from the British intelligence officers to the Paymaster, are on the line here. It’s got to be sorted and the highest-level corruption has to be exposed.

What on earth is your problem? You can see that we have made colossal strides by the use of PUBLICITY and that this website is read all over the world.

PUBLICISE THE OFFICIAL CRIMINALITY, instead hiding behind sterile and redundant diplomatic and intelligence norms of behaviour. These people are organised criminals who don’t acknowledge the usual diplomatic niceties, and they need to be exposed. YOU CAN EXPOSE THEM.

Don’t be so weak. You have the smarts to sting these people. You like doing stings. Start applying these Black Arts to appropriate effect, instead of weakly standing around metaphorically wringing your hands as these crooks steal and divert the money for the n’th time. They always think they can get away with it. Work as hard as we work, i.e. 24/7, and make it clear to these demons that they will not get away with their serial thievery and corruption.

• We have received unconfirmed reports of a new influx of Interpol officers into the United States since the Editor has been resident in New York (i.e. since 16th March 2010).

ANOTHER MOTIVE: PAYEES ARE DEMANDING CASH, IN UNISON
Ostensibly another rationale here is that all payees that must be paid (i.e. whom the kleptocracy cannot avoid paying) are demanding CASH (as they won’t accept US Treasuries in lieu) and as the Obama Administration has no cash (the real cash-cash having been alienated, leveraged, spent, traded, accounted for, stolen, take your pick), they have to generate new cash seed money, which they are doing ‘as we speak‘ by running the newly-authenticated Treasury Revenue Anticipation Bond through the corrupt Swedish central bank.

Of course so far as the Riksbank is concerned, what they are doing is ‘not corrupt’ because they are working with the Federal Reserve: that’s how they would justify their behaviour here.

HEALTH CARE MONEY PIPELINE ALREADY ENCUMBERED LIKE SOCIAL SECURITY
Before we go any further, note that Obama has therefore already encumbered the new Health Care Financial Pipeline – indicating with crystal clarity that it is regarded as an open-ended, mandatory, endless pipeline of NEW CASH which can be spent at all times in advance, FOR EVER, just like the Social Security surpluses that have been squandered.

As repeatedly pointed out in these reports, the surpluses in the so-called Federal Budget Trust Funds (which cease to be surpluses this Fiscal Year, by the way) are required by US Statute to be ‘invested’ in the Federal Budget’s Federal Funds – that is to say, used for current expenditure.

This means that the surpluses ‘invested’ in Federal Debt held by Government Accounts must be added back not once, but twice: first, because they have long since been squandered on ‘current spending’; and secondly, because they will be needed to meet future mandatory welfare and Social Security obligations.

Since the Social Security Trust Funds are sliding into deficit (for demographic reasons) for the first time this year, the situation on that front is therefore deteriorating rapidly. A chart on page 55 of the current issue of Economic Intelligence Review showing the Federal Debt data (on the basis of the Office of Management and Budget’s published numbers) adjusted to take full account of the above, shows that the corrected level of US Federal Debt outstanding rises from $23 trillion to $30 trillion between FY 2010 and FY 2014 (2) .

FRAUDULENT FINANCE IMPERATIVE BEHIND THE UNSEEMLY, GREEDY RUSH
So, the colossal Health Care Bill was stampeded though the Legislature without US Legislators having a clue what it contained, in order to provide Mr Obama and the Geithner Treasury with the basis for the issuance of a Revenue Anticipation Bond, enabling the Treasury to conduct refunding operations itself and to reignite/carry on corrupt ‘business as usual’ with the kind assistance of the Federal Reserve and the Swedish Riksbank.

And legislators have been drinking champagne in front of the TV cameras to celebrate. But what they are celebrating is NOT an earth-shattering, once-in-a-millennium piece of legislative reform for the benefit of the American people, but rather the creation of a new ‘collateral’ basis that enables these criminals to restart the Fraudulent Finance carousel.

They’ve all been suffering from withdrawal symptoms since their easy fake money playthings were taken away from them in mid-September 2008.

It is our intention to ensure that the champagne that these scoundrels have been quaffing in front of the cameras with such odious arrogance is metaphorically billed to their account.

MORE PENNSYLVANIA DEPARTMENT OF STATE DECEIT
Meanwhile, the Pennsylvania Fraud – A KEY ELEMENT OF THIS SKULDUGGERY – has taken several further extraordinary turns since we last reported, suggesting that the Pennsylvania Department of State and the Pennsylvania Department of Revenue, which stands to gain $495 million in windfall corporate and personal tax revenues following the payment due to Pennsylvania Investments, Inc., mandated by international authorities, are integrated with the White House in perpetrating this corruption and scamming of the American people, not to mention the inhabitants of the Commonwealth of Pennsylvania.

MAFIOSO SITTING IN HIS OFFICE AS BEFORE
Let’s start with the farrago surrounding Salvatore R. DeFrancesco. This Mafioso is listed as Vice President of Penn Acceptance Corporation, 2007 Highway, Suite 315, Pittston TWP, PA 18640-40. The other officers of this corporation are Joseph Limongelli, President and Secretary, and Daniel Limongelli, Treasurer.

We were informed by an impeccable source, who appears to have been lied to by officials, that Treasury agents and the FBI were looking for Salvatore DeFrancesco and that he was expected to have been cuffed by the evening of 19th March 2010.

When we made repeated enquiries about this sequence over the weekend, the trail went blank. Nothing more was heard of the ‘search’ in question.

We therefore assume that this Mafioso, whose name as previously reported had illegally appeared as Secretary of Pennsylvania Investments, Inc., on the firm’s screen with the Department of State Corporation Bureau as of 8th March 2010, is sitting, as before, in his office in Suite 315, 2007 Highway, Pittston TWP, PA 18640-40..

MOLES INSIDE THE PENNSYLVANIA OFFICIAL STRUCTURES?
Which of course implies that the skullduggery, which appears to involve moles located inside the Commonwealth of Pennsylvania’s official structures, continues – a reality that Michael C. Cottrell, B.A., M.S., discovered for himself in the course of a frustrating conversation with the Pennsylvania Department of State on 23rd March 2010 between 8.43 a.m. and 9. 46 a.m., when he enquired why the necessary changes mandated by his Corporate Resolution delivered to and signed for by the Pennsylvania Department of State Corporation Bureau in Harrisburg, PA on 18th March, had not yet been acted upon. After all, it is clearly in Pennsylvania’s interest to collect $495 million.

MR COTTRELL’S LATEST STRUGGLES WITH DELIBERATELY
UNCOOPERATIVE AND ARROGANT PA OFFICIALS
The officials at the Department of State knew precisely who he was as soon as he called, and proceeded to front a barrage of excuses for their inaction to date, including: ‘We don’t do that’; and:’ You should be speaking to the Pennsylvania Department of Revenue, not to us’; plus words to the effect …‘We can send your filing fee ($70) back’.

After speaking later with the Department of Revenue (in the course of which stressful conversation he was of course cut off), and having been informed condescendingly that ‘he should know’ that changes in corporate officers and their designations needed to be forwarded on Pennsylvania Department of Revenue form REV-1605, Mr Cottrell managed to access form REV-1605 (which they don’t tell you how to access, of course), and thus proceeded to complete the form, which he then submitted [see below] and which reads as follows:

Pennsylvania Department of State
Bureau of Corporate Taxes
PO Box 280430
Harrisburg PA 17128-0430

REV-1605 CT (1-10) Schedule Co.
Names of Corporate Officers
Corporate Account ID: XXXXXX*
Corporate Officers:
President/Managing Partner SSN XXX-XX-XXXX* COTTRELL MICHAEL C.
Vice President SSN XXX-XX-XXXX* COTTRELL MICHAEL C.
Secretary SSN XXX-XX-XXXX* COTTRELL MICHAEL C.
Treasurer/Tax Manager SSN XXX-XX-XXXX* COTTRELL MICHAEL C.
Business Name: Pennsylvania Investments, Inc.
EIN: XXXXXXXXX*
Street Address: 1157 West 7th Street
City: Erie
State: PA
Zip Code: 16502
Preparer’s Signature: [Signed] Michael C. Cottrell
Title: President, Vice President, Secretary and Treasurer
Telephone Number: (814) 455 9218
Date: 03/13/2010

* Known to the Editor of this service.

SECRET DIVERSION INSTRUCTIONS MAY STILL BE ‘LIVE’
Why is this so critical? Because all that was achieved earlier was the removal of the name of the Mafioso from the Pennsylvania Department of State’s screen for Pennsylvania Investments, Inc. Removal (under pressure and with a very bad grace) by the Pennylvania authorities of this Mafioso impostor’s name from the official screen did not necessarily mean that an instruction signed by the Mafioso imposter (working with the Bush Sr. criminal nexus that has corrupted the CIA from within), for the funds to be diverted on remittance to Pennsylvania Investments, Inc., does not exist.

In view of the fact that the officials knew exactly who Michael Cottrell was the moment he called them at 8:43 a.m. on 23rd March 2010, and in view of their further excuse-making, bureaucratic stonewalling, intransigence and singular lack of the helpful cooperation for which these officials are paid (as they are there to serve the community, not a corrupt State agenda in cahoots with a corrupt Federal Government), our working assumption is precisely that:

• There is an extant fall-back instruction signed by the impostor Mafioso fake ‘Secretary’ for the Paymaster to divert the funds as directed in such an instruction.

• The Pennsylvania Department of State and Department of Revenue authorities may indeed have been collaborating with the Mafioso working for and/or with Bush Sr. to procure the stealing of the money payable as mandated, to Michael C. Cottrell, B.A, M.S.

• In which case officials within the aforementioned Pennsylvania structures may be party to an attempted scam to SWINDLE Pennsylvania taxpayers out of the prospective and mandated windfall tax payment by Pennsylvania Investments, Inc. of windfall corporate and personal taxes amounting to an estimated $495 million.

MS. BUTLER COULDN’T BE BOTHERED TO SEND MR COTTRELL’S PAPERS TO SALLY KROW
Mr Cottrell also established that Ms. Butler, Supervisor, Pennsylvania Department of State, 401 North Street, Room 206, P.O. Box 8722, Harrisburg, PA 17105-8721, who was ‘not in the office’ on 10th March [see report dated 19th March 2010] has THE SAME FAX NUMBER as the Pennsylvania Department of State Corporation Bureau, Harrisburg, PA 17105-8722 – namely: 714-783 2244. Which of course means that the Corporation Bureau is located in the same office as Ms. Butler.

Ms Butler evidently did not, therefore, forward the Pennsylvania Investments, Inc., Corporate Resolution, to Sally Krow, at the Corporation Bureau – who is the official now identified at the Corporation Bureau in the course of Mr Cottrell’s stressful conversations with these unhelpful officials on 23rd March 2010.

These officials do not yet appear to understand that the layers of corruption that we have destabilised in the course of these necessary investigations and reports make it ultimately UNLIKELY that such ‘coincidences’ will be missed – just Julie A. Castillo’s ‘explanation’ for the placement of this Salvatore R. DeFrancesco as false ‘Secretary’ of Pennsylvania Investments referencing confused Social Security digits dating back many years, didn’t ‘fly’ with us, either.

Clearly, these people are so used to fabricating excuses that they’ve become laid-back with their ‘explanations’.

NEW DOCUMENTS SUBMITTED TO THE PA AUTHORITIES
At 1:45pm EDT on 23rd March 2010, the Editor, at our request, received the following documents from Michael C. Cottrell, B.A., M.S., in connection with the immediate requirement for the proper designations of Mr Cottrell to be displayed on the Pennsylvania Department of State’s screen for Pennsylvania Investments, Inc.:

PENNSYLVAINA INVESTMENTS, INC
1147 West 7th Street
Erie, PA 16502
Corporate telephone: (814) 455-9218
Fax: (814) 453-4453
E-Mail: pii-mcc@msn.com

FAX COVER:

TO: Pennsylvania Department of State
Corporation Bureau
Harrisburg, PA 17105-8722

ATTENTION: SALLY KROW

RE: REV-1605 FORM

VIA: FAX: (717) 783-2244

ITEMS ENCLOSED:

(1): FORM REV-1605 – Completed, Signed and Dated

(2): Letter of Notification regarding:
Fraudulent Entry on: www.corporations.state.pa.u/corp by person(s) unknown against Pennsylvania Investments, Inc. (3/8/2010), 3 PAGES.

Exhibit “A”-1; Exhibit “B”-1 thru 4; Exhibit “D”-1 & 2.1;

Note: The Letter of Notification (published with our report dated 19th March 2010) is appended as an Appendix below, but all other documents referenced with the Letter of Notification should be accessed by going to that report [press: Archive].

(3): COPIES 1 & 2 OF ARTICLES OF AMENDMENT – DOMESTIC CORPORATION (15 Pa C.S.) PER DEPARTMENT OF STATE INSTRUCTIONS.

Exhibit A: Certificate of Adoption of Corporate Resolution dated 3/13/2010

Copy of Personal; Check for $70.00 USD [copy held by the Editor of this service of Michael C. Cottrell’s personal check Number 1042 for $70.00 dated 13th March 2010 for and on behalf of Pennsylvania Investments, Inc].

Note: Attached to Pennsylvania Department of Revenue Form REV-1605: Schedule Co – Names of Corporate Officers, are the following instructions:

State law mandates that the names of corporate officers be available as public information with the PA Department of State. Corporations comply with the requirement by completing the Corporate Officer section of the PA Corporate Tax Report (ACT-101). Corporations that need to update this information during the year must complete the Corporate Officer Schedule (REV-1605) and submit it to the PA Department of Revenue, which forwards this information to the PA Department of State

• Editor’s insert: The Form REV-1605, attached to these instructions, was duly completed by Mr Cottrell on 23rd March 2010 in precise conformity with these official requirements, and forwarded by fax under cover of the FAX COVER sheet indicated above. The documents were forwarded on that date in the first instance by fax to the PA Department of Revenue, PO Box 280430, Harrisburg, PA 17128-0430; and secondly to Sally Krow and the Pennsylvania Department of State, Corporation Bureau, Harrisburg, PA 17105-8722.

Note the above language that:

‘State law mandates that the names of corporate officers be available as public information with the PA Department of State’.

WHAT THE PENNSYLVANIA INVESTMENTS, INC. CORPORATE SCREEN
WITH THE PA DEPARTMENT OF STATE SHOULD LOOK LIKE NOW
The identity of the Corporate Officers of Pennsylvania Investments, Inc., has been furnished as required to the Pennsylvania Department of Revenue for forwarding to the PA Department of State, which has moreover been notified by Mr Michael C. Cottrell, B.A., M.S. of this fact, in accordance with these MANDATORY requirements, so that the PA Department of State can IMMEDIATELY update the screen for Pennsylvania Investments, Inc., which should now read as follows:

Pennsylvania Department of State
Corporations

Business Entity Filing

Business Name History
Name:
Pennsylvania Investments, Inc.

Name Type: Current Name

Business Corporation – Domestic – Information
Entity Number: 844244
Status: Active
Entity Creation Date: 12/11/1984
State of Business: PA
Registered Office Address: 1157 West Seventh Street, Erie PA 16502-0
Mailing Address: 1157 West Seventh Street, Erie PA 16502-0

Officers:

Name: MICHAEL C. COTTRELL
Title: President
Address: 1157 West Seventh Street, Erie PA 16502-25

Name: MICHAEL C. COTTRELL
Title: Vice President
Address: 1157 West Seventh Street, Erie PA 16502-25

Name: MICHAEL C. COTTRELL
Title: Secretary
Address: 1157 West Seventh Street, Erie PA 16502-25

Name: MICHAEL C. COTTRELL
Title: Treasurer/Tax Manager
Address: 1157 West Seventh Street, Erie PA 16502-25

• Memorandum item: A posting by a notorious anonymous Internet source named after CIA-MK-ULTRA operative Richard B. Cheney’s home town in Wyoming, who has purported for years to be fighting for the Ponzi victims’ ‘packages’ but has been deceiving the Ponzi victims all along (as we have indicated on several occasions), in an ongoing cruel, Pavlovian campaign to manipulate their expectations micro-managed by the evil forces within the Intelligence Power, is currently telling the truth: the intention is to steal the lot, as has always been the case: and that includes the Queen’s funds. We have bad news for this snake or nest of vipers.

APPENDIX:
MICHAEL C. COTTRELL’S LETTER OF NOTIFICATION OF 9TH MARCH 2010 TO THE PENNSYLVANIA DEPARTMENT OF STATE DEMANDING THE IMMEDIATE REMOVAL OF THE NAME OF THE MAFIA IMPOSTOR SALVATORE DE FRANCESCO FROM THE PENNSYLVANIA INVESTMENTS, INC. STATE CORPORATION BUREAU’S OFFICIAL SCREEN, FRAUDULENTLY SHOWING THE IMPOSTOR MAFIOSO AS ‘SECRETARY’ OF THE CORPORATION:

(1): FAX COVER
PENNSYLVANIA INVESTMENTS, INC.
1157 West 7th Street
Erie, PA 16502
Telephone: 814-455 9218
Facsimile: 814- 453 4453
Email: pii-mcc@msn.com

TO: Pennsylvania Department of State
401 North Street, Room 206
P.O. Box 8722
Harrisburg, PA 17105-8721

Attention: Ms. Butler, Supervisor

Via: Fax: 717-783 2244

ITEMS ENCLOSED:
(1): Letter of Notification regarding: Fraudulent Entry on www.corporatyions.state.pa.u./corp by person(s) unknown against Pennsylvania Investments, Inc. [3/8.2010]: 3 Pages
(2): Exhibit “A”: 12 Pages
(3): Exhibit “B”: 5 Pages
(4): Exhibit “C”: 3 Pages
(5): Exhibit “D”: 15 Pages.

Number of pages including cover: 39
9 March 2010
……………………………………………………………………………….

(2): LETTER OF NOTIFICATION TO
PENNSYLVANIA DEPARTMENT OF STATE:

PENNSYLVANIA INVESTMENTS, INC.
1157 West 7th Street
Erie, PA 16502
Telephone: 814-455 9218
Facsimile: 814- 453 4453
Email: pii-mcc@msn.com

TO: Pennsylvania Department of State
401 North Street, Room 206
P.O. Box 8722
Harrisburg, PA 17105-8721

Attention: Ms. Butler, Supervisor

Reference:
Due Diligence Accounts Payable [Nov 19th, 2004 to March 25th, 2008]

RE: FRAUDULENT ENTRY ON www.corporations.state.pa.us/corp BY PERSON(S) unknown against Pennsylvania Investments, Inc. (3/8/2010)

Via: Fax: 717-783 2244/ AND U.S. MAIL

Dear Ms. Butler:
Per our conversation this date, between approximately 9:34 a.m. EST and 9:40 a.m. EST, I stated to you that Pennsylvania Investments, Inc. is to receive funds in the amount of Fifteen Billion United States Dollars ($15,000,000,000.00 USD):

[Ref: Exhibit “B, Page 1” Payables Due with the Due Diligence Documentation Part 1 and Part 2, dated November 19, 2004 to March 23, 2008]

derived from a “Settlement” between the United States of America, the World Court, the People’s Republic of China, with the signed approval of President Barack Obama, and a loan of Six Point Two Trillion United States Dollars ($6,200,000,000,000.00 USD) to Pennsylvania Investments, Inc., via Her Majesty, the Queen of England (Sovereign of the United Kingdom of Great Britain and Northern Ireland) for the purpose of a Private Funding Refunding of the United States Dollar (Ref: Exhibit “B” Pages 2-4, an Affidavit submitted to Her Majesty, et al. on 29 December 2008).

Additionally, I stated to you that Pennsylvania Investments, Inc. (including Michael C. Cottrell) will pay an amount of Pennsylvania Corporate and Personal taxes of approximately Four Hundred and Ninety-Five Million United States Dollars ($495,000,000.00 USD) from this “Settlement” process.

Page 2: RE: FRAUDULENT ENTRY ON www.corporations.state.pa.us/corp BY PERSON(S) unknown against Pennsylvania Investments, Inc. (3/8/2010):

However, the Pennsylvania Department of State has now become [a] knowing or unknowing participant in the ongoing fraudulent activities [being] attempted to divert said funds and the payment of Pennsylvania Corporate Taxes and/or to steal and place said funds in “off-balance sheet account(s)” with the aid of bank and political fraudsters – located in London (UK), Paris (France), Geneva (Switzerland), Houston and Dallas (Texas), Washington, D.C., and various locations in the Commonwealth of Pennsylvania

The above referenced fraudulent activity is evidenced by the placement of “SALVATORE R. DEFRANCESCO as SECRETARY” as Officer of Pennsylvania Investments, Inc. screen dated March 8, 2010 WITHOUT a correspondent Amendment of Articles – WITHOUT THE KNOWLEDGE OR APPROVAL OF THE DIRECTORS/OWNERS OF PENNSYLVANIA INVESTMENTS, INC.

Therefore, this corporation hereby demands that the name “SALVATORE R. DEFRANCESCO as SECRETARY” BE REMOVED IMMEDIATELY FROM THE SCREEN PAGE IDENTIFYING ENTITY 844244: PENNSYLVANIA INVESTMENTS, INC., 1157 WEST 7TH STREET, ERIE PA 16502-0.

Further, this corporation demands an investigation and a FULL REPORT TO THE BOARD OF DIRECTORS – as to who gave the authority for this name to be placed on said screen, what evidence [exists] of authorization granting said person the position of SECRETARY for this corporation, and what action will be taken against said person committing the fraudulent entry.

If the offending item is not removed immediately upon the facsimile receipt of this letter and documentation, this corporation will move legally for fraud against the Secretary of the Commonwealth, the Honorable Pedro A Cortes, et al., and against SALVATORE R. DEFRANCESCO (INDIVIDUALLY AND SEVERALLY) for Fraud against Pennsylvania Investments, Inc., for THREE (3) TIMES DAMAGES, e.g., FORTY-FIVE BILLION UNITED STATES DOLLARS ($45,000,000,000.00 USD) – since the payment is IMMINENT and therefore the screen identified can be used to divert or steal the aforementioned funds, e.g. [for account of] FIDELITY DEPOSIT & DISCOUNT BANK, et al., and/or PENN ACCEPTANCE CORPORATION, et al..

This firm has NO ACCOUNTS with either. The stated funds are to be deposited with this firm’s identified Securities Account at Morgan Stanley & Co, New York, NY.

Page 3: RE: FRAUDULENT ENTRY ON www.corporations.state.pa.us/corp BY PERSON(S) unknown against Pennsylvania Investments, Inc. (3/8/2010):

Thank you for your immediate attention and assistance in this matter.

Regards,

Michael C. Cottrell, B.A., M.S.
President, CEO and Secretary
Pennsylvania Investments, Inc.
1157 West 7th Street
Erie, PA 16502-1106

Reference:
Exhibit “A”: Pages 1 thru 11;
Exhibit “B”: Pages 1 thru 4;
Exhibit “C”: Pages 1 and 2;
Exhibit “D”: Pages 1 thru 13.

CC:
(1): The Honorable Edward G. Rendell, Governor of Pennsylvania
(2): The Honorable Pedro A Cortes, Secretary of the Commonwealth
(3): The Honorable Tom Corbett, Pennsylvania Attorney General
(4): Robert S. Cessar, United States Attorney, Pittsburgh, PA
(5): A. Clifton Hodges, Esq., Hodges and Associates, 4 East Holly Street,
Suite 202, Pasadena, CA 91103
(6): Mr William Bonney, Sr., BOLDCAP
(7): Mr Dana V. Wilcox

Notes and References:

(1): In the report dated 22nd March 2010 [Archive] we summarised the money pipeline potential and intention of the Health Care bill as follows:

Compulsory insurance will simply deliver more premium capital to Wall Street.

This is because insurance companies invest on Wall Street the money premiums that they do not yet have to pay out; while government political rationing will mean that less and less is paid out: so that more and more of the premiums will remain in the hands of the criminal financial enterprises.

• Editor’s insert: This, friends, is how the financial enterprises will stay afloat and prosper, given that the US Dollar Refunding Programme is indeed to be handled in the private sector, as we have all along recommended, not by the Government.

(2): Economic Intelligence Review, World Reports Limited, London and New York, Volume 12, Numbers 7 & 8, page 55: chart entitled: ‘US Federal Debt deconstructed: USD millions’. Note that we can only develop assessments on the basis of the data published by the Office of Management and Budget. It is well known that the OMB’s data are unreliable, but the OMB is the official source and we can only base assessments on the data published by the US Government itself.

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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THE ABORTED PENNSYLVANIA FRAUD OF 8 MARCH 2010

cropped-chrisstory

BOTCHED OPERATION BY THE OBAMA WHITE HOUSE TO RE-STEAL THE SOVEREIGN

Friday 19 March 2010 08:00

• SALVATORE R DEFRANCESCO ‘SOUGHT BY DOJ, TREASURY’

• PENNSYLVANIA STATE CORPORATION BUREAU FAILS TO UPDATE
CORPORATE SCREEN AS SPECIFICALLY INSTRUCTED BY THE COMPANY’S BOARD

PENNSYLVANIA FRAUD UPDATE: NEW YORK: 19TH MARCH 2010: 3:00PM EDT

There have been two developments (that we are at liberty at this time to report) in connection with this colossal scandal orchestrated as described in our original report of 15th March 2010 below:

(A): PENNSYLVANIA DEPARTMENT OF STATE HAS RECEIVED THE CORPORATE RESOLUTION OF PENNSLYVANIA INVESTMENTS, INC. [SEE BELOW] BUT HAS NOT AMENDED THEIR SCREEN AS INSTRUCTED BY THE DIRECTORS, WHICH SHOULD HAVE BEEN DONE BY NOW:

• The Corporate Resolution of the Board of Pennsylvania Investments, Inc. identified in the Foreword immediately below, requires Michael C. Cottrell B.A., M.S., to be described publicly as:

PRESIDENT
CEO
SECRETARY and:
TREASURER

• The United States Postal Service Track & Confirm service reports that:

(1): The package containing the Corporate Resolution and the necessary Filing Fee addressed to Pennsylvania Department of State Corporation Bureau, P.O. Box 8722, Harrisburg, PA 17105-8722, was accepted at 10:44 am on 16th March 2010 at ERIE, PA Station No. 12 [USPS 16505] against total Postage and Fees of $10.70. We hold a copy of the relevant US Postal Service Certified Mail Receipt [and of all relevant such receipts].

(2): The package was processed through the Sort Facility on 17th March 2010 at 4:19pm in Harrisburg, PA 17107.

(3): The package containing the Corporate Resolution and Filing Fee was delivered to Pennsylvania Department of State Corporation Bureau, P.O. Box 8722, Harrisburg, PA 17105-8722 on 18th March 2010 at 1:11am. by the US Postal Service.

• FACT: As of the time of this Update the Pennsylvania Department of State Corporation Bureau had not updated the screen for Pennsylvania Investments Inc. to show Michael C. Cottrell B.A., M.S., registered as:

PRESIDENT
CEO
SECRETARY and:
TREASURER

… of Pennsylvania Investments, Inc., as required by the Corporate Resolution.

(B) THE COPY OF THE CORPORATE RESOLUTION AND OTHER DOCUMENTS SENT AT THE SAME TIME FROM ERIE TO MR A. CLIFTON HODGES, ATTORNEY FOR THE CMKM/CMKX VICTIMS, HAD NOT BEEN DELIVERED AS AT THIS POSTING. Specifically:

(1): The relevant package was accepted at ERIE Postal Station
No. 12 (USPS 16505) at 10:42 am on 16th March 2010.

(2): The package arrived at the Post Office, Pasadena, CA, at 8:35 am on 19th March 2010.

(3): We await confirmation that it has been delivered to Mr Hodges. UPDATE: At 4:45pm on 19th March, the Editor was advised that Mr Hodges’ package had arrived. The Editor was out of the office from 3:30pm until 10:00pm on Friday, so this Update was not appended until midnight.

( C): A THIRD PACKAGE CONTAINING THE SAME MATERIALS [FOR A PARTY
WE CANNOT REVEAL AT THIS TIME] HAS BEEN ‘MISSENT’, WHATEVER THAT MEANS.

Specifically:

(1): The relevant package was accepted at ERIE Postal Station No. 12
(USPS 16505) at 10:43 am on 16th March 2010.

(2): The package containing the Corporate Resolution arrived at the designated US Post Office at 8:54am on 19th March 2010.

(3): The next entry states: MISSENT, March 19, 2010, 8:55 am.

We await urgent confirmation that the package addressed to this
important third party has NOT been intercepted, and has been delivered.

(B): SALVATORE R. DEFRANCESCO REPORTEDLY BEING SOUGHT
BY THE DEPARTMENT OF JUSTICE AND TREASURY AGENTS:

• FACTS:

(1): On arrival in New York late in the evening of 16th March 2010, the Editor received an email
from a knowledgeable source indicating that Salvatore R. DeFrancesco ‘had been’ arrested in the preceding 24/48 hours.

(2): At 14:56pm on 17th March 2010, the Editor received an email from, another informed source who stated that in response to the Editor’s inquiry on this score, ‘so far, I can neither confirm nor deny the recent arrest of Salvatore R. DeFrancesco’, but that he was making further enquiries.

(3): At 10:55am on Thursday 18th March 2010, the Editor received the following email from Mr A. Clifton Hodges, lawyer for the CMKM/CMKX victims of the colossal SEC Phantom Shares scam:

‘I received [the following] information this morning: [quote]: “He is actively being sought by the DOJ and by Treasury agents; he is expected to be in custody by the end of the day”.

Mr Hodges elaborated: ‘I have been promised further information when he is in fact in custody; I will of course pass it on upon receipt’.

(4): At about 1.00pm on Friday 19th March, the Editor made further enquiries as to the status of the REPORTED search for the Mafioso impostor whose name had been illegally inserted as Secretary of Pennsylvania Investments, Inc. with the full prior knowledge and manifest cooperation of the Pennsylvania Department of State Corporations Bureau and the Pennsylvania Department of Revenue [see original report below], as a result of which we learned as follows:

• The information that Salvatore R. DeFrancesco is being sought by the DOJ and by Treasury agents is reconfirmed [by a ‘special’ source].

• As of the time of this posting SALVATORE R. DEFRANCESCO HAD NOT BEEN ARRESTED AND WAS THEREFORE NOT IN CUSTODY.

THEREFORE THE WHOLE MATTER REMAINS UP IN THE AIR ‘AS WE SPEAK’.

OUR WORKING ASSUMPTION IS OF MORE SKULDUGGERY
Given all of the above, our interim conclusion is that we are dealing with MORE DECEPTION and that various layers of hastily contrived cover-up operations have been activated to facilitate or cover up the intended giga-theft.

So far as we are concerned, indications that this Mafioso is being sought by the DOJ and Treasury agents must be accompanied by the necessary caution that NOTHING THAT U.S. FEDERAL OR STATE AUTHORITIES ASSERT AS FACT CAN BE TRUSTED.

LIES ARE STANDARD OPERATIONAL U.S. FEDERAL AND STATE GOVERNMENT PRACTICE.

We await further developments.

• NEW SCURRILOUS ATTACK ON THE EDITOR OF THIS SERVICE: FOOT OF THIS REPORT

• FORENSIC DECONSTRUCTION OF A BOLD, BRAZEN WHITE HOUSE CRIME CAUGHT IN TIME

• SECURITIZATION IS ILLEGAL UPDATE: In the Subs/Books Update panel immediately below the NEWS panel that you are currently viewing, you will see an announcement concerning publication of Economic Intelligence Review, Volume 12, Numbers 7 & 8. If you press that announcement text and open up the panel, you will see the contents list for the new [2010Q1] issue of E.I.R., including a breakdown of the Chapter Headings for the detailed analysis showing that Securitization is illegal. See our NEWS report dated 10th March 2010 for summaries of some of the data from this analysis. We understand that the report has created uproar in certain corridors of corrupt power.

FOREWORD:

ARTICLES OF AMENDMENT RE: PENNSYLVANIA INVESTMENTS, INC.
Submitted with the $70 necessary filing fee to Pennsylvania Department of State, Corporation Bureau by Pennsylvania Investments, Inc., 1157 West 7th Street, Erie, PA 16502, on 15th March 2010. Pennsylvania Investments, Inc. was incorporated on 11th December 1984 under the following Pennsylvania Statute: 19 PA CODE CH. 35 (1933) P.L. 354, as amended. The Articles of Amendment stated that: ‘The amendment shall be effective on March 13th [2010] at 12:01 pm.’

The amendment was adopted by the Board of Directors pursuant to 15 Pa. C.S. Section 1914(c) or Section 5914(b). ‘The amendment adopted by the Corporation is set forth in Exhibit A attached hereto and made a part hereof’. ‘In testimony whereof, the undersigned corporation has caused these Articles of Amendment to be signed by a duly authorized officer thereof this 13th day of March 2010: PENNSYLVANIA INVESTMENTS, INC.

[Signed] Michael C. Cottrell: Title: PRESIDENT, CEO, SECRETARY AND TREASURER: 3/13/2010

Exhibit A forming an integral part of these Articles of Amendment:

PENNSYLVANIA INVESTMENTS, INC.
1157 West 7th Street
Erie, PA 16502
Telephone: 814-455 9218
Facsimile: 814-453 4453
Email: pii-mcc@msn.com; pii3mcc@gmail.com

EXHIBIT “A”: 13 March 2010

CERTIFICATE OF ADOPTION OF CORPORATE RESOLUTION

I hereby certify that at a meeting of the Board of Directors of Pennsylvania Investments, Inc., a corporation organized and existing under and by virtue of the laws of the state of Pennsylvania, held on the 13th day of MARCH, 2010 at which said meeting a quorum was present and acting throughout, the following resolutions were adopted and ever since have been and now are in full force and effect:

RESOLVED, that due to the attempted fraudulent devices indicated by the PENNSYLVANIA DEPT. OF STATE (www.corporations.state.pa.us/corp) of 8 MARCH 2010, et al., THIS CORPORATION HEREBY DECLARES any and all corporate resolutions pertaining to bank accounts excluding PNC ACCOUNT, ROBIN DRIVE, ERIE, PA, and all other Securities Accounts, excluding MORGAN STANLEY SECURITIES ACCOUNT (16 November 2005), as NULL AND VOID;

RESOLVED, that since this corporation has never granted a non-owner of shares of this corporation any directorship or office, it hereby grants Michael C. Cottrell, B.A., M.S., the retention of full authorities and powers as President, Vice President, Treasurer and Secretary, and is thereby granted full authorization and control of this corporation as per this duly authorized resolution;

IN WITNESS WHEREOF, I have hereunto set my signature
for said corporation this 13th day of March, 2010.

[Signed]:
Michael C. Cottrell, B.A, M.S.
President, CEO, Treasurer, & Secretary
Date: 3/13/2010

[Signed]:
Diane R. Cottrell, B.A., M.A.
(A.K.A. Diane R. Bertolini, B.A., M.A.)
Shareholder
Date: 3/13/2010

• Note: The Editor of this service holds copies
of these Articles of Amendment and of Exhibit “A” in our files.

• MAY WE INTRODUCE YOU TO SALVATORE R. DEFRANCESCO?

• ENTITIES THAT BALLOONED VIA ILLEGAL SECURITISATION

• DERIVATIVES EXPLOSION FOLLOWED PAULSON’S HIJACKING OF THE $4.5 TRILLION

• THE COLLECTIVE OF CRIMINAL AMERICAN PRESIDENTS

• MR COTTRELL CHECKS HIS CORPORATION’S STATE SCREEN

• OBJECTIVE: TO STEAL THE IMMINENT PAYOUTS
VIA THE ‘ITALIAN’ IMPOSTOR AS ‘SECRETARY’

• MONUMENTAL BLUNDER BY THE WHITE HOUSE CROOKS AND THEIR ASSOCIATES

• THE IMMEDIATE PREDECESSOR DECEPTION THAT WE ALSO ABORTED

• INDICATIONS OF RECKLESS, RUSHED IMPLEMENTATION

• ROUTINE EMBEDDING OF A STATE BUREAUCRACY
WHEN STRUCTURING SUCH A PLANNED GIGA-CRIME

• COMPARISON WITH THE STEALING OF TAX REVENUES IN WISCONSIN

• WHAT HAPPENED AFTER THE ‘ITALIAN SECRETARY’ WAS DISCOVERED

• CHINESE CONFIRM THAT ‘BUSH SENIOR’ IS STILL INTERFERING

• SUDDEN PHONE CALL FROM THE PA DEPARTMENT OF REVENUE

• COTTRELL DEMANDS FAXED COPIES OF PA’S TAX RECORDS

• MAFIOSO REMOVED FROM COTTRELL’S CORPORATE SCREEN

• FORENSIC ANALYSIS OF THE DOCUMENTS MAILED BY MS. CASTILLO

• STARTLING FINDINGS FROM OUR FORENSIC EXAMINATION
OF PA CORPORATE SCREEN DOCUMENTS

• INTENTION TO USE COTTRELL’S INVESTMENT CORPORATION
TO STEAL THE $6.2 TRILLION TRACEABLE BACK TO THE FALL OF 2007

• THEREFORE, AMERITRUST GROUPE, INC. WAS A TYPICAL C.I.A.
‘BLIND’ DECEPTION [SET UP VIA LEVITTE: FRANCE/DVD]

• INCOHERENT ‘EXPLANATION’ BY THE PA DEPARTMENT OF REVENUE

• PREPARATIONS FOR THEFT PUT IN PLACE SEVEN YEARS AGO:
ASSUMPTION THAT THE PAYMASTER WOULD COOPERATE

• WE HAVE NO DOUBT THAT GEORGE BUSH SENIOR, GORBACHEV, KOHL
AND ACKERMANN WERE EXPECTING TO SPLIT THE QUEEN’S $6.2 TRILLION
BETWEEN THEM, VIA DEUTSCHE A.G.. THAT WAS THE INTENTION.

• SUMMARY OF THE PENNSYLVANIA FRAUD

• DOCUMENTS RELATING TO THE PENNSYLVANIA FRAUD

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.
You can also access the CMKM/CMKX text at: http://viewer.zoho.com/docs/paKdda
The biggest lawsuit in world legal history: The phantom share giga-scandal.

NEW REPORT STARTS HERE:

MAY WE INTRODUCE YOU TO SALVATORE R. DEFRANCESCO?
Have you met or heard of Salvatore R DeFrancesco?

Salvatore DeFrancesco Senior, that is.

No? Then may we please have the pleasure of introducing him to you.

It has been reported to us that Salvatore R DeFrancesco Sr. is an associate of, or has current or past relations with, George H. W. Bush, and is well known in certain, shall we say, ‘exotic’ banking and other financial circles, and among ‘the Italian community’ in the United States, doubtless including Chicago. He has influence with a number of important financial institutions.

He is aged about 60, and has a son, Salvatore Raymond DeFrancesco Jr, CPA, aged 40. Prior to January 2003, Salvatore R. DeFranceso Jr. was Chief Financial Officer of Landmark Community Bank in Pittston, Pennsylvania.

In November 2009, Salvatore R DeFrancesco Jr. was reported to be Chief Financial Officer and Treasurer of Fidelity D & D Bancorp., Inc., positions he has held since January 2003 – as well as serving as Executive Vice President and Chief Financial Officer of Fidelity Deposit & Discount Bank, both of Dunmore, Pennsylvania.

ENTITIES THAT BALLOONED VIA ILLEGAL SECURITISATION
Salvatore DeFranceso Senior is Vice President of Penn Acceptance Corporation, and is a partner/owner with Daniel and Joseph Limongelli of Penn Acceptance Corporation, Avoca, PA.

Joseph Limongelli is President and Secretary, and Daniel Limongelli is Treasurer of Penn Acceptance Corporation, with their mailing address at 639 Main Street, Avoca, PA 18641-0.

However the Officers of Penn Acceptance Corporation function, according to the Pennsylvania Department of State, from 2007 Highway Suite 315, Pittston TWP, PA 18640-40.

Both Fidelity D & D Bancorp., Inc/ Fidelity Deposit & Discount Bank. Inc., and Penn Acceptance Corporation ballooned in size from 2006 onwards through trading Collateralized Debt Obligations (CDOs) – which, as exposed in our report dated 10th March 2010, are illegal under US and Common Law. All such contracts, being formulated to facilitate criminal actions, are void and fraudulent [see full report dated 10th March 2010 for details].

Yet in the year ended 31st December 2006, Fidelity D & D Bancorp Inc. was a small operation, the audit fee billed by auditors Parente Randolph, LLC having cost $86,203 [2005: $41,259].

Now, as you will recall from our early reports in this series, 2006 was the year when The People’s Bank of China transferred $4.5 trillion to the United States. The transfer was immediately hijacked by Henry M. Paulson Jr. as soon as he became President Bush’s third Treasury Secretary – a man sufficiently corrupt to meet Bush’s daily criminal requirements, which Mr Paulson’s two far-from-innocent predecessors had been, shall we say, less eager to satisfy.

So, instead of being applied for the purpose indicated by the Chinese central bank, the funds were diverted to underpin securitisation operations involving massive leveraging and hypothecation for corrupt and wholly illegal transactions purposes.

DERIVATIVES EXPLOSION FOLLOWED PAULSON’S HIJACKING OF THE $4.5 TRILLION
It was therefore ‘no accident’ that the derivatives explosion took off from 2006 onwards, leading straight to the brick wall encountered in September 2008; and among entities heavily involved in these CDO excesses were Fidelity D & D Bancorp, Inc./Fidelity Deposit & Discount Bank and Penn Acceptance Corporation, which expanded on a scale which could not possibly have occurred had they been involved exclusively in legitimate business.

On 11th December 1984, Michael C. Cottrell, B.A., M.S., founded and registered Pennsylvania Investments, Inc. with the Commonwealth of Pennsylvania Department of State Corporations authorities. The firm is registered as Business Corporation Entity #844244 in the Commonwealth of Pennsylvania, and its Principal Office Address is shown as 1157 West Seventh Street, Erie, PA 16502. The sole Officer of the Company has been Michael C. Cottrell, President and Secretary.

For the record, the Editor of this service holds paper copies of printouts confirming the foregoing outline information concerning Pennsylvania Investments, Inc., from the Pennsylvania Department of State Corporations authorities’ Microfilm Number 8475 [Start: 905; End: 907] dated: 6th April 2005; 1st October 2006; 27th March 2008; 15th May 2008; 22nd December 2008; and 9th May 2009.

THE COLLECTIVE OF CRIMINAL AMERICAN PRESIDENTS
You will recall that we have reported that the Collective of Five Criminal Presidents of the United States – Carter (39), Bush Sr. (41), Clinton (42), Bush Jr. (43) and Obama (44) – DEMANDED immunity from prosecution from the World Court around last September, and were granted such immunity in a scandalous departure by the World Court, given that in seeking immunity these Presidents were self-acknowledging their need for immunity from prosecution and therefore openly confirming that they themselves recognise that they are criminal operatives.

[A statement by an anonymous, and therefore non-credible, Internet source on 11th March, citing unprovenanced and unprovable so-called intelligence sources that this is not true, is false].

You may also have noted that we doubt whether the World Court’s outrageous grant of immunity – conveying the impression that the World Court considers that its responsibility may be to protect high-level criminals from prosecution – protects the Collective of Presidents in the United States itself: it is applicable to the financial crimes that have been committed in Britain and Europe.

These reminders are inserted here in order to re-emphasise that President Obama and the other four Presidents ‘work together’ as a criminal Collective: so the sudden appearance of President Obama in Pennsylvania on or before 8th March 2010, related to THIS enquiry, will most certainly have reflected an operation known to or masterminded by George H.W. Bush Senior and President Obama’s Italian and other Chicago Mafiosi associates, with the full knowledge and connivance of senior CIA operative Mrs Hillary Clinton and her CIA husband, former President Bill Rockefeller.

MR COTTRELL CHECKS HIS CORPORATION’S STATE SCREEN
Now, if you’d like to pour yourself a stiff glass of whisky, we’ll divulge the purpose of this report.

On 8th March 2010, the Editor’s birthday as it happened, Mr Michael C. Cottrell performed a routine check of the Business Entity Filing for Pennsylvania Investments, Inc.

He discovered that ALL OF A SUDDEN, the following additional entry had appeared on the filing for Pennsylvania Investments, Inc. (of which of course the Editor holds multiple copies, pulled both in Pennsylvania and in the United Kingdom):

Officers:
Name: MICHAEL C. COTTRELL
Title: President
Address: 1157 W 7th Street, ERIE PA 16502-25

Name: SALVATORE R DEFRANCESCO
Title: Secretary
Address: [Address not available].

• SELF-EVIDENT FACT:
At no time since the commencement of the solar system did Michael C. Cottrell, B.A., M.S., at a Meeting of the Board of his corporation, appoint SALVATORE R DEFRANCESCO or anyone else to serve as Secretary of Pennsylvania Investments, Inc. No such filing was ever submitted to the Commonwealth of Pennsylvania Department of State Corporations Registration authorities.

OBJECTIVE: TO STEAL THE IMMINENT PAYOUTS
VIA THE ‘ITALIAN’ IMPOSTOR AS ‘SECRETARY’
Michael Cottrell reacted, as did the Editor of this service, Mr A. Clifton Hodges, Attorney for the CMKM/CMKX victims of the colossal Securities and Exchange Commission PHANTOM SHARES fraud, and others informed of this intrusion, with justified fury and outrage.

MR COTTRELL PHONES THE PA DEPARTMENT OF STATE
Michael Cottrell began by telephoning a Ms. Butler, Supervisor, Pennsylvania Department of State between approximately 9:34 a.m. EST and 9:40 a.m. EST, informing her inter alia as follows:

• Pennsylvania Investments, Inc. is to receive funds amounting to $15 billion derived from a ‘Settlement’ between the United States of America, the World Court, the People’s Republic of China, with the signed approval of President Barack Obama; and:

• A loan worth $6.2 trillion from the British Monarchical Power for the purpose of funding a Private Refunding of the United States Dollar.

• Pennsylvania Investments Inc., and Michael C. Cottrell himself, will pay a sum in connection with Pennsylvania Corporate and Personal Taxes of $495 million arising from this ‘Settlement’ process.

• The Pennsylvania Department of State has become a participant, whether knowing or unknowing, in the perpetration of ongoing fraudulent attempts to DIVERT the foregoing funds and to subvert the payment of the foregoing PA State taxes, with the assistance of banking sector and political fraudsters located in London, Paris, Geneva, Houston, Dallas and Washington DC, and in various locations in the Commonwealth of Pennsylvania.

• This fraudulent attempt to divert the funds due to Pennsylvania Investments, Inc. is evidenced by the placement of ‘SALVATORE R. DEFRANCESCO as SECRETARY’ AS AN OFFICER (SECRETARY) OF Pennsylvania Investments, Inc. #844244 per the Pennsylvania Department of State corporations authorities’ screen dated 8th and 9th March 2010, without the knowledge or approval of the owners and Board of Pennsylvania Investments, Inc. and without the necessary Amendment of Articles.

• Michael Cottrell DEMANDED the IMMEDIATE removal of the name ‘Salvatore R. Defrancesco’ as Secretary from the screen identifying entry for Pennsylvania Investments, Inc. corporation #844244.

• Mr Cottrell also DEMANDED an investigation and a FULL REPORT TO THE BOARD of Pennsylvania Investments, Inc. corporation #844244 divulging WHO gave the authority for this intrusive name to be placed on the screen, what evidence existed of any authorization granting this individual the position of SECRETARY of Pennsylvania Investments, Inc. corporation #844244, and what action will be taken against the individual committing the fraudulent entry.

• Mr Cottrell then stated that if the offending intrusion was not removed IMMEDIATELY upon the receipt by facsimile of his letter and accompanying documentation [amounting in all to 39 pages], Pennsylvania Investments, Inc. corporation Number 844244 will move legally for fraud against the Secretary of the Commonwealth of Pennsylvania, Pedro A. Cortes and others, against this Salvatore R DeFrancesco individually and severally, referencing a fraud against Pennsylvania Investments, Inc. corporation #844244 for THREE TIMES DAMAGES, namely $45 billion:

… since the payment is IMMINENT and therefore the screen can be used to divert or steal the aforementioned funds to Fidelity Deposit & Discount Bank et al., and/or Penn Acceptance Corporation, et al.

• Pennsylvania Investments, Inc. corporation #844244 has no accounts with either. The funds are to be deposited with Pennsylvania Investments, Inc.’s identified securities account at Morgan Stanley & Co., New York, NY.

• Summary to date:
This represented a bold, brazen attempt to divert the $15.0 billion and the sovereign $6.2 trillion loan funds earmarked for the funding of the private sector Dollar Refunding Programme payable to Pennsylvania Investments, Inc., in accordance with international mandated authority, by using a fraudulent imposed ‘Italian community’ representative as SECRETARY, who would be in a position to issue instructions to the paymaster to DIVERT AND STEAL THE LOAN FUNDS for payment into accounts controlled by the unauthorised intruder posing as SECRETARY of Mr Cottrell’s firm.

MONUMENTAL BLUNDER BY THE WHITE HOUSE CROOKS AND THEIR ASSOCIATES
It also represented a MONUMENTAL BLUNDER by the criminal operatives concerned, starting with President Barack Hussein Obama – who, we have been AUTHORITATIVELY AND EMPHATICALLY INFORMED, presided over and condoned, or facilitated, this INTENDED BUT ABORTED THEFT, on behalf of the Collective of Criminal Presidents of which he is currently the de facto Chairman.

As you can well imagine, following the faxing of these documents to the named recipients, and the realisation in high places on both sides of the Atlantic that the Editor of this service had acquired copies of the documents in question, turmoil broke out in the relevant offices and corridors of corrupt power in Washington DC, London and elsewhere.

• THE CROOKS AT THE HIGHEST LEVEL HAD BEEN CAUGHT RED-HANDED TRYING, ONCE AGAIN, TO DIVERT/STEAL THE SOVEREIGN LOAN FUNDS INTENDED FOR DOLLAR REFUNDING.

THE IMMEDIATE PREDECESSOR DECEPTION THAT WE ALSO ABORTED
As you will recall, an earlier, more feeble operation had erupted, centred on a crude attempt to rewrite Mr Wanta’s legend, inter alia to purport to represent that he ‘worked for’ the Federal Reserve – which would have had tangible consequences facilitating’ diversion of the funds – contrary to the language of the Writ for a Petition of Mandamus and the Motion to Dismiss filed by the Federal Reserve Bank of Richmond, both of which were the subject of a hearing at the United States Court for the Eastern District of Virginia, Alexandria, attended by Michael C. Cottrell, Dana V. Wilcox, the Editor of this service, and Mr Wanta.

Any variation of Wanta’s legend would have undermined the language of the Petition, leaving him vulnerable to a charge of perjury: hence, when we republished the text of the Petition which it had been anticipated that everyone would have forgotten all about, that operation had to be aborted. Moreover parties involved in promulgating the lies in question had to cease and desist, as well.

So the criminal minds set immediately about reviving a dormant mechanism for stealing the funds (as they have been doing ever since our lives were turned upside down as a consequence of their serial criminality): and they came up with the Pennsylvania Fraud, built on preparations for the theft initiated seven years earlier – the most brazen attempt to steal the funds yet recorded.

INDICATIONS OF RECKLESS, RUSHED IMPLEMENTATION
The Pennsylvania Fraud has all the hallmarks of of crass. amateurish, brash risk-taking, and having been implemented (though not contrived: see below) in an extreme hurry.

The risks they took included the following elements:

• That Mr Cottrell would not check the Pennsylvania authorities’ corporate screen until after the thefts had been perpetrated, when it would, they will have assumed, have been ‘too late’.

• That the designated Paymaster would willingly participate in the diversion/theft.

• That ‘Salvatore R. DeFrancesco’ would be exposed and his connections with the Collective of Criminal Presidents and dubious financial institutions and linkages would be revealed.

• That, untypically, this Editor would not become aware of this monumental attempt to re-steal The Queen’s loan funds and the funds payable to Michael Cottrell’s corporation (related to the earlier stealing by George H. W. Bush of the Deutsche Bank AG contract and the electronic ‘stealing’ of his signature, for the private enrichment of George H. W. Bush, Mikhail Gorbachev, Helmut Kohl and Dr Joseph Ackermann as partners in Deutsche AG, St. Gallen, Switzerland) – until it was far too late.

ROUTINE EMBEDDING OF A STATE BUREAUCRACY
WHEN STRUCTURING SUCH A PLANNED GIGA-CRIME
And why did they imagine it was ‘safe’ to take such risks, implicating President Obama directly?

The answer to this question is interesting. It conforms to a standard pattern. This revolves around a STATE (never a FEDERAL: always a STATE) bureaucracy. The fraud is committed with the de facto assistance of the selected bureaucracy in question.

The function of the STATE bureaucratic element built into the operation is to provide the ‘fall-back’ pretext for the attempted theft – which is always the same, namely that the modern equivalent of ‘a clerical error’ had occurred. This ‘explanation’ surfaces when the operation has had to be aborted, as in this instance [see below]. It serves as a means of BLOCKING FURTHER ENQUIRIES, so that the sting is supposedly taken out of the outrage and everything subsides back to ‘normalcy’.

The only problem this time round is that the operation was identified, exposed, ‘stamped on’ and aborted in ‘real time’ – with the full details being made available to the Editor of this service, so that we can publicise the rotten stench of the head of the fish sitting in the White House.

In this instance, a mole inside the Commonwealth of Pennsylvania’s official structures would have procured the clandestine insertion of a Mafioso’s name as Secretary of Pennsylvania Investments, Inc. corporation #844244.

COMPARISON WITH THE STEALING OF TAX REVENUES IN WISCONSIN
We have observed and deconstructed similar corruption within the State structures in Wisconsin: see, for instance, our report dated 6th August 2007, giving comprehensive forensic details of the triplication of the same State tax, the massive cover-up that ensued, and the failure of authorities to address this corruption. Another dimension of ongoing fraudulent practice within the Wisconsin State Department of Revenue can be summarised as follows (we have documents proving this):

• As a WI State resident you receive a State tax demand, requesting tax to be paid to the Wisconsin State Department of Revenue at a box number address.

• You send the funds demanded by the Wisconsin State Department of Revenue to the post office box address printed on the tax demand.

• After a period of time you receive an agitated DEMAND from the Wisconsin State Department of Revenue for the SAME TAX, with a request that it must be paid immediately to the Wisconsin State Department of Revenue’s designated street address.

• You protest that you have already paid the tax and that you have no intention of paying it twice.

• Wisconsin State Department of Revenue then triggers its dunning procedure, charging interest on the tax you have already paid, threatening court action culminating in the sequestration of your assets to the value of the unpaid tax, and a possible jail sentence.

• You send proof of payment (the money sent to the P.O. Box) by registered recorded delivery.

• The Wisconsin State Department of Revenue reiterates that so far as it is concerned, it never received the funds. You protest that they passed through your bank statement and provide them with a copy of the bank statement in question. They continue to deny they ever received the money.

• You inform lawyers, officers under the United States under the Misprision of Felony Statute, etc. of the travesty and injustice, but nothing happens: because all involved are working this together, being masons and members of secret societies catering for their own sordid interests – but mainly because the Jewish mafia controls the Wisconsin State Department of Revenue. Undsoweiter.

In the case of the Pennsylvania Fraud, we have prima facie evidence of criminal behaviour inside the State structures. Why should Pennsylvania be any different from the State of Wisconsin?

• Here’s what happened next.

WHAT HAPPENED AFTER THE ‘ITALIAN SECRETARY’ WAS DISCOVERED
As indicated, Mr Cottrell faxed his letter and associated documents to the named recipients on 9th March 2010. The main documents faxed to the Pennsylvania Department of State and to the named recipients are reproduced verbatim below, following this narrative.

Nothing happened on 9th March; and by the morning of 10th March, Salvatore R. DeFrancesco remained on the State authorities’ official screen, falsely logged as SECRETARY of Pennsylvania Investments, Inc. So on 10th March, between 8:41 a.m. and 8:46 a.m., Michael Cottrell telephoned the Pennsylvania Department of State to ask why the necessary action to remove the imposter’s name had not been taken, as demanded in his letter to Ms. Butler, Supervisor, in that department.

Mr Cottrell was informed that Ms. Butler was ‘not in the office’. He was then placed ‘on hold’. When the woman returned to the phone, he was told that ‘we will not be taking any action at this time’. Mr Cottrell also contacted Martha Brown, General Counsel for the Pennsylvania Department of State.

CHINESE CONFIRM THAT ‘BUSH SENIOR’ IS STILL INTERFERING
On 10th March, we received authoritative intelligence from a Chinese official, sourced curiously from Hawaii, who had stated that ‘there are still problems with George Bush Sr’. This was a clear reference to the fact that the Chinese authorities knew that Bush Sr. stood behind the attempt to steal/divert the funds from Pennsylvania Investments, Inc. on 9th March – which was the (latest) date when the payouts should have taken place.

SUDDEN PHONE CALL FROM THE PA DEPARTMENT OF REVENUE
At 11.11 am Ms. Julie A. Castillo (717-705 6087), from the Pennsylvania Department of Revenue, not the Department of State, suddenly telephoned Mr Cottrell. She had ‘done some research’ and had discovered that Mr Cottrell had transposed ‘the last four digits of his [Mr Cottrell’s] own Social Security Number on a 2004 tax return, and that these last four digits corresponded to the last four digits of the Social Security Number belonging to Mr Salvatore R. DeFrancesco’. Quote unquote.

Provided you have not consumed too much whisky already, you will immediately understand that this ‘explanation’, apart from being nonsensical, was spurious and fabricated. Even if digits of a Social Security Number had been mixed up six years ago, that did not give anyone authority to assume the rôle of Secretary of Pennsylvania Investments, Inc. at any time, let alone, out of the blue, six years later, when the payments were imminent. Nice try, but manifestly irrelevant.

Further, even if this were true, it would not explain why all subsequent Cottrell tax documents after 2004 (2005) had not reflected this error.

And further still, if there was any connection whatsoever between this lame ‘explanation’ and the sudden appearance of this member of ‘the Italian community’ on the Pennsylvania Department of State’s screen for Pennsylvania Investments, Inc., why had Salvatore R. DeFrancesco not appeared on the screen from 2004 onwards?

COTTRELL DEMANDS FAXED COPIES OF PA’S TAX RECORDS
Mr Cottrell requested that Ms. Julie Castillo fax the Pennsylvania Tax authorities’ relevant Cottrell tax documentation from 2003-2004 to date, to him on his office facsimile Erie, PA. [814-453 4453], to enable him to verify the accuracy of the ‘explanation’ that she had just put forward.

Ms. Castillo said she would comply. She also said that she would need to give an instruction to the Pennsylvania Department of State, for the (intrusive, false) ‘SECRETARY’ to be removed from the screen. This telephone call terminated at 11:17 a.m..

At 11:26 a.m. on 10th March, Ms. Castillo rang Mr Cottrell back to say that she had ‘spoken to my supervisor’ who had stated that Ms. Castillo was not permitted to fax the documents in question, but that she would instead put them in the mail.

At 12:06p p.m. EST on 10th March the name of the ‘Italian’ imposter, a known associate of George Bush Sr., was still on the PA Department of State’s screen for Pennsylvania Investments, Inc.

MAFIOSO REMOVED FROM COTTRELL’S CORPORATE SCREEN
By 2:02pm on Wednesday 10th March, the screen had been amended to delete the name of the deliberately inserted Bush-Obama ‘Italian community’ impostor, so that it now read as follows:

Business Entity Filing History
Date: 3/10/2010
Name: Pennsylvania Investments, Inc.
Entity Number: 844244
Status: Active
Entity Creation Date: 12/11/1984
State of Business: PA
Registered Office Address: 1167 West Seventh Street, Erie, PA 16502-0, Erie
Officers:
Name: Michael C. Cottrell
Title: President
Address: 1157 W 7th Street Erie, PA, 16502-25

FORENSIC ANALYSIS OF THE DOCUMENTS MAILED BY MS. CASTILLO
In the early evening UK time on Saturday 13th March 2010, the Editor was informed that Ms. Julie A. Castillo had sent certain Cottrell corporate tax documents to Michael Cottrell, copies of which were faxed shortly afterwards to the Editor of this service. Specifically, we received PA Corporate Tax Reports for the years 2004, 2006 and 2007. Here’s what we found on examining these documents:

• PA Corporate Tax Report 2004: Pennsylvania Investments, Inc.
(1): The last four digits of Mr Cottrell’s Social Security Number are shown as: 8024,
which is NOT CORRECT. The first two digits of the last four digits should read: 08
(2) Michael Cottrell is listed as: President of Pennsylvania Investments, Inc. CORRECT
(3) Michael Cottrell is listed as: Secretary of Pennsylvania Investments, Inc. CORRECT
The document is signed by Michael C. Cottrell and his signature is correct.

• PA Corporate Tax Report 2006: Pennsylvania Investments, Inc.
(1): The last four digits of Mr Cottrell’ Social Security Number are shown as: 0824, which is CORRECT. That is to say, TWO digits, not FOUR digits, were transposed in the 2004 Tax Report. [Mr Cottrell advises separately that the incorrect transposition of the first two of the last four digits to 8024 also appeared on the corporate tax reports for 2003 and 2005].
(2) Michael Cottrell is listed as: President/Managing Partner of Pennsylvania Investments, Inc.
(3) Michael Cottrell is NOT listed as: Secretary of Pennsylvania Investments, Inc., contrary to the CORRECT information sustained on the PA Corporate Tax reports for 2003, 2004 and 2005. As shown separately [because of a certain complexity] below, for a number of years, Pennsylvania authorities REMOVED ALL MENTION OF MR COTTRELL AND HIS CORPORATE TITLES from the screen, as part of the intended fraud. The document is signed by Michael C. Cottrell and his signature is correct.

• PA Corporate Tax Report 2007: Pennsylvania Investments, Inc.
(1): The last four digits of Mr Cottrell’ Social Security Number are shown as: 0824, which is CORRECT. That is to say, TWO digits, not FOUR digits, were transposed in the 2004 Tax Report. [Mr Cottrell advises separately that the incorrect transposition of the first two of the last four digits to 8024 also appeared on the corporate tax reports for 2003 and 2005].
(2) Michael Cottrell is listed as: President/Managing Partner of Pennsylvania Investments, Inc.
(3) Michael Cottrell is NOT listed as: Secretary of Pennsylvania Investments, Inc., contrary to the CORRECT information sustained on the PA Corporate Tax reports for 2003, 2004 and 2005. As shown separately [because of a certain complexity] below, for a number of years, Pennsylvania authorities REMOVED ALL MENTION OF MR COTTRELL AND HIS CORPORATE TITLES from the screen, as part of the intended fraud. The document is signed by Michael C. Cottrell and his signature is correct.

STARTLING FINDINGS FROM OUR FORENSIC EXAMINATION
OF PA CORPORATE SCREEN DOCUMENTS
In the segment below divulging details of the letter and documents faxed and mailed by Mr Cottrell on 9th March 2010 to the Governor of Pennsylvania and the other named recipients, you will see under EXHIBIT “D” [Items D-01 to D-13], a list of screen documents displayed by the Pennsylvania Department of State to show the status of Pennsylvania Investments, Inc.

In addition to the findings exposed elsewhere in this report [e.g., above], we append immediately below each listing, a statement of what selected screen documents from the ‘EXHIBIT “D”’ list do OR DO NOT show – from which REITERATED INCONSISTENCIES we conclude that the Pennsylvania Department of State fiddled illegally with the screen displays for Mr Cottrell’s firm for many years, playing around with and varying what was displayed – despite the fact that no variations (Articles of Amendment) referencing changes in officers of the corporation had been filed. [Non-US readers: the US date format has to be displayed here to conform with standard US usage]:

D-01: Identification screen www.corporations.state.pa.us/corp of Pennsylvania Investments, Inc. dated 3/9/2010 [falsely] identifying SALVATORE R DEFRANCESCO as SECRETARY of Pennsylvania Investments, Inc. This imposter from the ‘Italian community’ appeared suddenly from ‘nowhere’.

• This represents AN ILLEGAL ACT by the Pennsylvania Department of State perpetrated against Pennsylvania Investments, Inc. The ‘explanation’ proferred by the PA Department of Revenue is spurious, insolent, diversionary, reckless, irrelevant and an insult to our intelligence.

D-02: Identification screen www.corporations.state.pa.us/corp of Pennsylvania Investments, Inc. dated 3/9/2010 indicating that NO AMENDMENT OF ARTICLES WAS SUBMITTED TO THE DEPT. OF STATE AUTHORIZING CHANGE OF OFFICERS since 12/11/1984.

D-03: Identification screen www.corporations.state.pa.us/corp of Pennsylvania Investments, Inc. dated 5/9/2009, showing MICHAEL C. COTTRELL as PRESIDENT of Pennsylvania Investments, Inc.

D-04: Identification screen www.corporations.state.pa.us/corp of Pennsylvania Investments, Inc. dated 3/9/2009, showing that as of the search time 09:44 on that date no variations (Articles of Amendment) referencing changes in officers of the corporation had been filed.

D-05: Identification screen www.corporations.state.pa.us/corp of Pennsylvania Investments, Inc. dated 12/22/2008, showing MICHAEL C. COTTRELL as PRESIDENT of Pennsylvania Investments, Inc. Since [see below] Mr Cottrell had been ARBITRARILY REMOVED AS PRESIDENT from the screen in earlier years [see below], the sudden ‘rehabilitation’ of Michael C. Cottrell as President of his own corporation by the Pennsylvania Department of State in December 2008 must surely have reflected some development which had compelled the corrupt PA officials concerned to REVERSE their previous illegal elimination [see below] of Mr Cottrell as President of his own corporation.

That event was the submission of an Affidavit by Michael Cottrell to Her Majesty the Queen via the Editor of this service in September 2008. Moreover it was then known, from telephone intercepts, that Michael Cottrell would be forwarding a further document [the Notarised Affirmation, shown as EXHIBIT “B”, included within the 39-page document faxed and mailed on 9th March 2010 to the Governor of Pennsylvania et al. and therefore appended (as ‘EXHIBIT “B”) below].

• This document was duly placed in the hands of the Editor of this service for forwarding to Buckingham Palace, as indicated.

D-06: Identification screen www.corporations.state.pa.us/corp of Pennsylvania Investments, Inc. dated 12/18/2008 Uniform Commercial Code (UCC): This states that: Search Results Include Filings Through 12/18/2008 12:00 a.m., to which is appended the rubric: ‘There are currently no financing statements or other liens for the above requested criteria’.

D-07: Identification screen www.corporations.state.pa.us/corp of Pennsylvania Investments, Inc. dated 12/22/2008, showing that as on that date no variations (Articles of Amendment) referencing changes in officers of the corporation had been filed.

D-08: Identification screen www.corporations.state.pa.us/corp of Pennsylvania Investments, Inc. dated 5/15/2008. The necessary designation of Michael C. Cottrell as President and Secretary of Pennsylvania Investments, Inc., applicable since the corporation’s formation on 11th December 1984, has been REMOVED. This represents AN ILLEGAL ACT by the Pennsylvania Department of State perpetrated against Pennsylvania Investments, Inc.

D-09: Identification screen www.corporations.state.pa.us/corp of Pennsylvania Investments, Inc. dated 5/15/2008, showing that as on that date no variations (Articles of Amendment) referencing changes in officers of the corporation had been filed.

D-10: Identification screen www.corporations.state.pa.us/corp of Pennsylvania Investments, Inc. dated 3/27/2008. The necessary designation of Michael C. Cottrell as President and Secretary of Pennsylvania Investments, Inc., applicable since the corporation’s formation on 11th December 1984, has been REMOVED. This represents AN ILLEGAL ACT by the Pennsylvania Department of State perpetrated against Pennsylvania Investments, Inc.

D-11: Identification screen www.corporations.state.pa.us/corp of Pennsylvania Investments, Inc. dated 3/27/2008, showing that as on that date no variations (Articles of Amendment) referencing changes in officers of the corporation had been filed.

D-12: Identification screen www.corporations.state.pa.us/corp of Pennsylvania Investments, Inc. dated 10/1/2006. The necessary designation of Michael C. Cottrell as President and Secretary of Pennsylvania Investments, Inc., applicable since the corporation’s formation on 11th December 1984, has been REMOVED. This represents AN ILLEGAL ACT by the Pennsylvania Department of State perpetrated against Pennsylvania Investments, Inc..

D-13: Identification screen www.corporations.state.pa.us/corp of Pennsylvania Investments, Inc. dated 4/6/2005. The necessary designation of Michael C. Cottrell as President and Secretary of Pennsylvania Investments, Inc., applicable since the corporation’s formation on 11th December 1984, has been REMOVED. This represents AN ILLEGAL ACT by the Pennsylvania Department of State perpetrated against Pennsylvania Investments, Inc.

• CONCLUSION FROM THE FOREGOING: The forensic evidence presented above (copies of which documents are held on file by the Editor of this service) shows that the original plan was simply to ‘delete’ Michael C. Cottrell, B.A., M.S., altogether, and to use his corporate vehicle, Pennsylvania Investments, Inc., as the shell for the purpose of stealing the $6.2 trillion sovereign funds (with its securities account with Morgan Stanley & Co., New York, NY).

The reason for this must clearly have been that it had been confirmed already by the international authorities concerned that Mr Cottrell was to be granted the privilege, given his trustworthiness and unique securities expertise, of organising and implementing the private sector fully taxable, transparent Refunding of the US Dollar.

INTENTION TO USE COTTRELL’S INVESTMENT CORPORATION
TO STEAL THE $6.2 TRILLION TRACEABLE BACK TO THE FALL OF 2007
At least that’s what appears at first sight. But on yet further investigation, it is recalled that while Michael Cottrell and Leo Wanta were staying in the Staten Island hotel (part of the ‘40 days in the hotel wilderness’) in November 2007, prior to Wanta’s ‘switch’ precipitated by what follows here, Wanta was incessantly arguing with Mr Cottrell about the necessity of equipping Pennsylvania Investments, Inc. with a BANK account with Citibank.

Mr Cottrell argued that he would never agree to using anything other than a SECURITIES ACCOUNT (i.e. the account of Pennsylvania Investments, Inc., with Morgan Stanley in New York).

[Mr Wanta was only able to travel outside Wisconsin at all because the Editor’s since stolen loan of $35,000 to him, had procured the shortening of Wanta’s probation by five years and two weeks – to 14th November 2005, rather than 28th November 2010].

In other words, while purporting to be rooting for payment into his AmeriTrust Groupe, Inc., what Wanta was actually seeking to procure while in the prolonged presence of Mr Cottrell in October-November 2007 [see our contemporary reports] was that Pennsylvania Investments, Inc. would acquire a BANK ACCOUNT from which The Queen’s sovereign $6.2 trillion loan, made available via the Bank of England to Bank of New York Mellon on 19th-20th June 2007, could be stolen as it was being paid to Pennsylvania Investments, Inc., in accordance with the international instructions.

• BECAUSE THEY COULD NOT HOPE TO STEAL THE $6.2 TRILLION
FROM PENNSYLVANIA INVESTMENTS INC.’S SECURITIES ACCOUNT.

• As repeatedly stated in these reports, a US Securities Account is infinitely more secure than a bank account. It would be VERY DIFFICULT to steal/divert money from a US securities account.

Recall that Wanta works for Bush Sr. and was the courier between Bush Senior and Gorbachëv. Wanta’s job all along has been TO FACILITATE THEFTS BY BUSH SENIOR.

• THEREFORE, AMERITRUST GROUPE, INC. WAS A TYPICAL C.I.A.
‘BLIND’ DECEPTION [SET UP VIA LEVITTE: FRANCE/DVD]
All the time that Cottrell and Story were involved with Wanta, the cover story was that funds sent over by the People’s Bank of China in May 2006 were to be paid into AmeriTrust Groupe, Inc., for the benefit of Wanta, who, as well as ‘working for’ Bush Senior, was also, all along, being used and deceived by him, and by Cheney and Bush Junior and their associates.

Wanta would leave the Staten Island hotel accommodation and go down to the public telephone booths in the hotel lobby to make calls to Mr Cheney and other operatives, to obtain his updated instructions, and to give progress reports on whether he was succeeding in getting Mr Cottrell to go along with the idea that Pennsylvania Investments, Inc., should acquire a bank account. It now transpires that this was all an elaborate cover masking the following circumstances:

• Ex-Treasury Secretary John Snow, considered by Bush Jr. to be ‘insufficiently malleable’, had to be ‘caused to resign’, in order to be replaced by Bush’s selected operative, Henry M. Paulson. The $4.5 trillion was then duly hijacked as intended (by the Bush Crime Family), by this Bush lackey, as Treasury Secretary, for use as footings for ILLEGAL securitisation operations (leveraged trading and hypothecation), thus specifically precipitating the vast EXPLOSION of derivatives in 2006-08, leading to the sudden bursting of the resulting global derivatives bubble and to the COLLAPSE following the intervention by the Editor of this service to the highest UK level – whereupon the sovereign monies were placed into ‘lockdown’ (out of access) almost immediately (on 10th-12th September 2008), unravelling exposed Bush-related Ponzi ops. (Madoff, Stanford et al).

• A year earlier, given that the $4.5 trillion had been ‘accounted for’, Wanta’s Petition for a Writ of Mandamus [June 2007] asking for the $4.5 trillion to be paid to AmeriTrust Groupe, Inc. turns out to have been an elaborate ruse, as was made obvious when Wanta appeared before the United States Court for the Eastern District of Virginia, Alexandria, on 19th October 2007, and deliberately made a complete jackass of himself from the podium. Judge Ellis accordingly pronounced in favour of the Federal Reserve Bank of Richmond’s Motion to Dismiss. The Editor was present in the Court and witnessed this fabricated theatrical scene at first hand.

• While ostensibly nevertheless subsequently waiting in the Staten Island hotel for the AmeriTrust Groupe Inc. payment to be made by Citibank in November 2007, Mr Wanta had in fact been tasked by Bush/Cheney to keep waffling about AmeriTrust Groupe while all the while pressurising Michael Cottrell to attach a bank account to his Pennsylvania Investments, Inc. corporation (which was to conduct financial transactions with AmeriTrust Groupe, Inc.). If that operation had succeeded, the intention would have been to use Pennsylvania Investments, Inc. as the shell with a bank account and an illegally imposed Secretary or Board of Directors, for the purpose of effecting the diversion of the payment of the $6.2 trillion US Dollar Refunding loan funds stipulated by the international authorities for Pennsylvania Investments, Inc., without Mr Cottrell’s knowledge or consent.

• By correctly refusing to agree to Pennsylvania Investments, Inc. acquiring a BANK account, Mr Cottrell FRUSTRATED THIS CRIMINAL INTENT, precipitating:

(1): Wanta’s ‘switch’ operation, starting with his intimation to Mr Cottrell that ‘we must get rid of Christopher Story but don’t tell him’, and culminating in Mr Wanta’s cack-handed, irregular and vituperative (without a cause) ‘dismissal’ of Michael Cottrell in March 2008 from the positions of Treasury and Executive Vice President of AmeriTrust Groupe, Inc. (received by Michael Cottrell with undisguised relief); and:

(2): The continued blocking of the Settlements because the White House et al. criminals had no intention of effecting the Settlements payments unless they could steal the bulk of them (especially the $6.2 trillion sovereign loan from the Queen for the Refunding of the US Dollar) for themselves.

FRUSTRATION BY MR COTTRELL AND THIS SERVICE of the further attempt to seize the $6.2 trillion sovereign loan fund on 8th-10th March 2010 has meant that the White House et al. have been UNABLE TO STEAL THE QUEEN’S LOAN FUNDS YET AGAIN; so they are currently trying to work out what deception they can mount next, to achieve that same constantly frustrated objective.

In other words, the Bush Crime Syndicate + CIA/DVD + the Collective of Criminal Presidents + the corrupt US Treasury under Geithner + the corrupt US State Department under Mrs Clinton have just demonstrated once again that they remain hell-bent on STEALING THE $6.2 TRILLION, i.e. mobilising these sovereign loan funds for their own purposes.

• THEY HAVE BEEN BLOCKED AT EVERY TURN.

What remains to be seen is: WILL THEY BE BRAZEN ENOUGH, AFTER BEING CAUGHT
SO RED-HANDED, TO WORK OUT YET ANOTHER WAY OF ACHIEVING THEIR OBJECTIVE?

Given that they have botched the latest attempt to steal the funds so badly, and have left such a rich trail of clues confirming their criminal intentions, the logical answer to this question, would be: NO. They have blown it. But the German element among these criminals never knows when to stop, and when it has been defeated. Their arrogance knows no limitations, as you are aware.

So a sensible precaution would be to assume that these crooks, and their associates, will continue to duck and weave and fiddle around, hoping against hope that they can pull off the stealing of the $6.2 trillion without getting caught in the act – and in spite of the fact that WE HAVE REPEATEDLY CAUGHT AND EXPOSED THEM ‘IN FLAGRANTE’.

• WHEREUPON U.S. LAW ENFORCEMENT, PAYMASTERS ETC, DO ABSOLUTELY NOTHING TO BRING THESE HIGHEST-LEVEL CRIMINALS TO JUSTICE. The fact that they hold or held high office does not place them above the law. Their continued perpetration of MASSIVE CRIMES insults the American people and all those around the world who are watching the US authorities’ lily-livered cowardice and brazen flouting of the Rule of Law in allowing these hideous criminals to continue operations, despite having been repeatedly caught either in the act or planning it.

Judging by the number of people who would have had to have known about the intended Pennsylvania Fraud, the word BRIBERY, or an illusory promise of same, springs to mind.

We understand that following the latest aborted theft attempt, the level of activity from the UK side has intensified: but of course those concerned never consult us at all.

• They just leave us ‘out there’ to stick our necks out for them, and to expose what’s going on.

INCOHERENT ‘EXPLANATION’ BY THE PA DEPARTMENT OF REVENUE
Reverting now to the attempted giga-theft of 8-9 March 2010, as you will have gathered from the above, what Ms. Julie A. Castillo of the Pennsylvania Department of Revenue represented to Mr Cottrell by telephone between 11:11 a.m. and 11:17 a.m. on 10th March 2010 was as follows:

• She had been ‘doing some research’ (following the fireworks from the Governor’s Mansion and the other official recipients which had erupted on receipt of Mr Cottrell’s 39-page facsimiles on 9th March), and had ‘established’ that:

• ‘The last four digits of [Mr Cottrell’s] Social Security Number on a 2004 tax return’ have been transposed, ‘and that these last four digits corresponded to the last four digits of the Social Security Number belonging to Mr Salvatore R. DeFrancesco’.

• This ‘somehow’ explained why Salvatore R. DeFrancesco appeared as Secretary for Pennsylvania Investments, Inc, – except that it DIDN’T. THERE WAS NO CONNECTION. THAT WAS A LIE.

PREPARATIONS FOR THEFT PUT IN PLACE SEVEN YEARS AGO:
ASSUMPTION THAT THE PAYMASTER WOULD COOPERATE
Deeper forensic consideration yields the following findings:

(1): The PA Corporate Tax Reports for 2004, 2006 and 2007 faxed to the Editor of this service are PRINTED REPORTS with all the entries inserted via the Pennsylvania Department of Revenue’s computerized system: i.e., the entries to procure the print-outs were inserted BY THE STATE AUTHORITIES themselves, NOT BY MR COTTRELL.

• The authorities are responsible for inserting the data for their print-outs.

These printed documents are signed by Mr Cottrell, and it is true that he missed the transposition of the two first digits of his Social Security Number when he signed the PA Corporate Tax report 2004 (and 2003 and 2005): but THE ERROR WAS THE TAX DEPARTMENT’S ‘ERROR’, because the document was generated by the tax authorities themselves.

• Contrary, therefore, to a subsidiary assertion by Ms. Julie A. Castillo, the ‘error’ was originated by the Pennsylvania tax authorities, NOT by Mr Cottrell.

(2): Which implies RATHER CLEARLY that this little entrapment mechanism was planned at least seven years ago – that is to say, not long after the stealing of Mr Cottrell’s Deutsche Bank A.G. contract and the ‘electronic stealing’ of his signature exposed recently in these reports, with the ultimate proceeds of that theft and the hijacking of his transactions being credited to Deutsche AG. (formerly Barrington Investment Group), St Gallen, Switzerland, the partners of which are George H. W. Bush Sr., Mikhail Gorbachëv, Dr Helmut Kohl and Dr Joseph Ackermann.

• WE HAVE NO DOUBT THAT GEORGE BUSH SENIOR, GORBACHEV, KOHL
AND ACKERMANN WERE EXPECTING TO SPLIT THE QUEEN’S $6.2 TRILLION
BETWEEN THEM, VIA DEUTSCHE A.G.. THAT WAS THE INTENTION.

(3): This deduction appears to contradict our working assumption cited above that the insertion of our ‘Italian community’ non-friend, Salvatore R. DeFrancesco, was effected IN A HELLUVA RUSH in connection with/following or coincident with the visit of President Obama to Pennsylvania – given that we have been definitively informed that President Obama was behind this attempted theft (on behalf of the Collective of Criminal Presidents).

However we think that what happened was that this long-laid bureaucratic enmeshment trap, which had been dormant for seven years, was ACTIVATED IN A HURRY so as to ‘facilitate’ the immediate stealing and diversion of Mr Cottrell’s $11.0 billion and the $6.2 trillion sovereign loan funds, which were to have been deposited on 9th March 2010: and this assessment appears to be the conclusion of the Chinese authorities, as well.

(4): The transposition of two of the last four digits of Michael Cottrell’s Social Security Number IS OF COURSE COMPLETELY IRRELEVANT to the matter in hand, since it does not ‘AUTHORISE’ the surfacing of the impostor Salvatore R. DeFrancesco as SECRETARY of Pennsylvania Investments, Inc. on the Pennsylvania Department of State’s screen for corporation ##844244.

(5): Therefore, the ‘explanation’ proffered by Ms. Julie A. Castillo [717-705 6087] is proven to be SPURIOUS, DISINGENUOUS, IMPERTINENT, OBFUSCATORY, DIVERSIONARY, AND IRRELEVANT.
The ‘explanation’ generated in extremis under pressure by Pennsylvania’s Department of Revenue DOES NOT ‘EXPLAIN’ the fraudulent appearance of a noted member of ‘the US Italian community’ as Secretary of Pennsylvania Investments, Inc., immediately ahead of the large payouts in question.

(6): The criminal crudity of this dirty little pre-planned stratagem with colossal implications for the WHOLE WORLD is self-evident, not least since it begs the subsidiary question: if Madam Julie A. Castillo’s ‘explanation’, is pertinent, why did Salvatore R. DeFranceso not appear as Secretary on the Pennsylvania Department of Revenue’s successive PA Corporate Tax Reports print-outs for Pennsylvania Investments, Inc., back in 2004 (2003 and 2005)? Problem: In 2004, the Secretary of Pennsylvania Investments, Inc. was shown as Michael Cottrell, so that ‘couldn’t happen’.

(7): SO: On subsequent PA Corporate Tax Reports for Pennsylvania Investments, Inc., Michael Cottrell’s name was REMOVED from the entry on the Department’s print-outs showing him as SECRETARY, in readiness for this diabolical criminal operation, see?

IN OTHER WORDS, THE EVIDENCE SHOWS THAT A CRIMINAL THEFT FROM PENNSYLVANIA INVESTMENTS, INC., on top of the theft of Mr Cottrell’s Deutsche Bank AG contract and the ‘electronic stealing’ of his signature, WAS PLANNED AS LONG AGO AS 2003-2005.

(8): There can be little doubt that if this outrageous criminal operation, masterminded in its most recent phase by the Obama White House, had not been spotted in time, the $15.0 billion and the $6.2 trillion sovereign loan funds WOULD HAVE BEEN DIVERTED/STOLEN, as was clearly intended – the underlying practical assumption being, no doubt, that this would have been achievable with the enthusiastic participation of the Paymaster, who would have been handsomely ‘paid off’ for his practical assistance in facilitating the stealing of The Queen’s loan funds by George Bush Senior, Mikhail Gorbachev, Helmut Kohl and the CEO of Deutsche Bank, Dr Joseph Ackermann.

• That’s how these people operate.

SUMMARY OF THE PENNSYLVANIA FRAUD
So this colossal aborted criminal operation represented a blatant, rushed, yet long preplanned, reckless, brazen attempt by the President of the United States, Barack Obama, in conjunction with the Collective of Criminal Presidents and their co-conspiring associates, of which Mr Obama is the de facto Chairman, to steal Mr Cottrell’s $11.0 billion and to re-steal the $6.2 trillion sovereign loan funds which the Basel instructions require to be paid into the Securities Account held with Morgan Stanley & Co, New York, NY, of Pennsylvania Investments, Inc., for the sole purpose of financing the transparent, on-the-books, fully taxable US Dollar Refunding process, which remains the ONLY solution to the crisis and has long been approved by the Group of Seven financial powers.

We have further definitive official confirmation from our special sources, that this ‘is what the instructions say’. We also have information to the effect that since Mr A. Clifton Hodges’ letter to the Editor of this service which we were recently asked to forward to Buckingham Palace, there has been ‘heightened activity’ from London in this overall context.

What distinguishes this brazen attempted giga-theft from its multiple predecessors is that, given the much more intense scrutiny of the behaviour of these organised criminals holding the highest offices in the United States, the perpetrators were caught IN FLAGRANTE, in real-time.

In their greedy RUSH and lust to re-seize these funds illegally for their own gross purposes and self-enrichment, that ‘Italian’ character linked to Bush and Obama was intentionally and illegally inserted as ‘SECRETARY’ of Pennsylvania Investments, Inc. immediately ahead of the relevant intended ‘Settlements’ payments, so that Salvatore R. DeFrancesco could instruct the Paymaster to divert the funds corruptly into bank accounts designated by the Collective of Criminal Presidents.

The operation had, as we have seen, all the hallmarks of having been devised under pressure and in a rush, albeit having been planned many years in advance in anticipation of such a contingency.

The payments were imminent, and there was not much that could continue to be done to block them: so emergency criminal measures needed to be taken to divert the funds at the point of remittance. Any problems arising from the theft could be ‘sorted out’ later.

We can see from the lame, concocted bureaucratic ‘clerical error’ explanation put forward in the phone call from Ms. Julie A. Castillo of the Pennsylvania Department of Revenue to Mr Cottrell between 11:11 a.m. and 11:17 a.m. on 10th March 2010 from 717-705 6087, that the bureaucratic back-stop had to be invoked in a terrible hurry – which was why Ms. Castillo came up hurriedly with such a completely disconnected and ludicrous insult to our intelligence with her unrelated invocation of ‘four’ Social Security digits allegedly mixed up back in 2004, which of course had nothing to do with the surfacing of Salvatore R. DeFrancesco as ‘Secretary’ of Pennsylvania Investments, Inc.

And what further emerges from this is that Ms. Castillo inadvertently ADMITTED that the criminal stratagem to steal funds that we have exposed had indeed been activated. This can be deduced from the fact of the disconnect between the ‘explanation’ and the fact of the member of the ‘Italian community’s’ appearance on the Pennsylvania Department of State’s screen. Because, as you will now readily concur, the very fact that THERE IS NO CONNECTION reveals precisely that THEY HAVE ADMITTED THE EXISTENCE OF THE CRIMINAL STRATEGY TO STEAL THE FUNDS.

• In other words, THEY BLURTED OUT THE ESSENCE OF THEIR CRIME.

Put another way, such a connection could ONLY be made by the criminal minds involved, given that there is no logical connection. So they have COMPOUNDED THEIR BLUNDER: they have actually confirmed the pinpoint accuracy of the conclusion from this forensic analysis.

• That, in turn, means that some or all of the recipients of Mr Cottrell’s faxes dated 9th March are CO-CONSPIRATORS in a colossal attempted fraudulent transaction the purpose of which was to STEAL THE FUNDS LOANED BY THE QUEEN PRO BONO PUBLICO IN ORDER TO FINANCE THE REFUNDING OF THE U.S. DOLLAR. And since we know that Mr Barack Obama and his White House precipitated this attempted hijacking operation, President Obama and his criminal cronies within and adjacent to the Beltway de facto ‘work for’ Bush, Gorbachev, Kohl and Ackermann.

For future reference, please take on board the criminal modus operandi explained above that is routinely used in the United States for such scamming operations: always to embed a STATE (NOT a Federal, but always a STATE) bureaucracy within the structured framework of the intended criminal giga-theft – for use as a ‘back-stop’ device, should the heist be exposed.

• That way, State officials, elected or career, always get the blame, and the whole operation disappears into a bureaucratic black hole hundreds of miles away from the Beltway.

Imagine how difficult it would have been to prove that the funds had been stolen, if this outrage had not been discovered in time to compel the criminals to abort their botched operation.

DOCUMENTS RELATING TO THE PENNSYLVANIA FRAUD

At about lunchtime UK time on 9th March 2010, the Editor’s fax machine delivered a large number of pages on Pennsylvania Investments, Inc. letterheading addressed to:

(1): Edward G. Rendell, Governor of Pennsylvania.
(2): Pedro A. Cortes, Secretary of the Commonwealth of Pennsylvania.
(3): Tom Corbett, Attorney general of the Commonwealth of Pennsylvania.
(4); Robert S. Cessar, United States Attorney, Pittsburgh, PA.
(5): A Clifton Hodges, Esq., Hodges and Associates, Pasadena, CA.
(6): Mr William Bonney, Sr., BOLDCAP.
(7): Mr Dana V. Wilcox.

Selected documents that were forwarded by fax and US mail by Mr Cottrell in the face of this criminal provocation were as follows:

……………………………………………………………………………….

(1): FAX COVER
PENNSYLVANIA INVESTMENTS, INC.
1157 West 7th Street
Erie, PA 16502
Telephone: 814-455 9218
Facsimile: 814- 453 4453
Email: pii-mcc@msn.com

TO: Pennsylvania Department of State
401 North Street, Room 206
P.O. Box 8722
Harrisburg, PA 17105-8721

Attention: Ms. Butler, Supervisor

Via: Fax: 717-783 2244

ITEMS ENCLOSED:
(1): Letter of Notification regarding: Fraudulent Entry on www.corporatyions.state.pa.u./corp by person(s) unknown against Pennsylvania Investments, Inc. [3/8.2010]: 3 Pages
(2): Exhibit “A”: 12 Pages
(3): Exhibit “B”: 5 Pages
(4): Exhibit “C”: 3 Pages
(5): Exhibit “D”: 15 Pages.

Number of pages including cover: 39
9 March 2010
……………………………………………………………………………….

(2): LETTER OF NOTIFICATION TO
PENNSYLVANIA DEPARTMENT OF STATE:

PENNSYLVANIA INVESTMENTS, INC.
1157 West 7th Street
Erie, PA 16502
Telephone: 814-455 9218
Facsimile: 814- 453 4453
Email: pii-mcc@msn.com

TO: Pennsylvania Department of State
401 North Street, Room 206
P.O. Box 8722
Harrisburg, PA 17105-8721

Attention: Ms. Butler, Supervisor

Reference:
Due Diligence Accounts Payable [Nov 19th, 2004 to March 25th, 2008]

RE: FRAUDULENT ENTRY ON www.corporations.state.pa.us/corp BY PERSON(S) unknown against Pennsylvania Investments, Inc. (3/8/2010)

Via: Fax: 717-783 2244/ AND U.S. MAIL

Dear Ms. Butler:
Per our conversation this date, between approximately 9:34 a.m. EST and 9:40 a.m. EST, I stated to you that Pennsylvania Investments, Inc. is to receive funds in the amount of Fifteen Billion United States Dollars ($15,000,000,000.00 USD):

[Ref: Exhibit “B, Page 1” Payables Due with the Due Diligence Documentation Part 1 and Part 2, dated November 19, 2004 to March 23, 2008]

derived from a “Settlement” between the United States of America, the World Court, the People’s Republic of China, with the signed approval of President Barack Obama, and a loan of Six Point Two Trillion United States Dollars ($6,200,000,000,000.00 USD) to Pennsylvania Investments, Inc., via Her Majesty, the Queen of England (Sovereign of the United Kingdom of Great Britain and Northern Ireland) for the purpose of a Private Funding Refunding of the United States Dollar (Ref: Exhibit “B” Pages 2-4, an Affidavit submitted to Her Majesty, et al. On 29 December 2008).

Additionally, I stated to you that Pennsylvania Investments, Inc. (including Michael C. Cottrell) will pay an amount of Pennsylvania Corporate and Personal taxes of approximately Four Hundred and Ninety-Five Million United States Dollars ($495,000,000.00 USD) from this “Settlement” process.

Page 2: RE: FRAUDULENT ENTRY ON www.corporations.state.pa.us/corp BY PERSON(S) unknown against Pennsylvania Investments, Inc. (3/8/2010):

However, the Pennsylvania Department of State has now become [a] knowing or unknowing participant in the ongoing fraudulent activities [being] attempted to divert said funds and the payment of Pennsylvania Corporate Taxes and/or to steal and place said funds in “off-balance sheet account(s)” with the aid of bank and political fraudsters – located in London (UK), Paris (France), Geneva (Switzerland), Houston and Dallas (Texas), Washington, D.C., and various locations in the Commonwealth of Pennsylvania

The above referenced fraudulent activity is evidenced by the placement of “SALVATORE R. DEFRANCESCO as SECRETARY” as Officer of Pennsylvania Investments, Inc. screen dated March 8, 2010 WITHOUT a correspondent Amendment of Articles – WITHOUT THE KNOWLEDGE OR APPROVAL OF THE DIRECTORS/OWNERS OF PENNSYLVANIA INVESTMENTS, INC.

Therefore, this corporation hereby demands that the name “SALVATORE R. DEFRANCESCO as SECRETARY” BE REMOVED IMMEDIATELY FROM THE SCREEN PAGE IDENTIFYING ENTITY 844244: PENNSYLVANIA INVESTMENTS, INC., 1157 WEST 7TH STREET, ERIE PA 16502-0.

Further, this corporation demands an investigation and a FULL REPORT TO THE BOARD OF DIRECTORS – as to who gave the authority for this name to be placed on said screen, what evidence [exists] of authorization granting said person the position of SECRETARY for this corporation, and what action will be taken against said person committing the fraudulent entry.

If the offending item is not removed immediately upon the facsimile receipt of this letter and documentation, this corporation will move legally for fraud against the Secretary of the Commonwealth, the Honorable Pedro A Cortes, et al., and against SALVATORE R. DEFRANCESCO (INDIVIDUALLY AND SEVERALLY) for Fraud against Pennsylvania Investments, Inc., for THREE (3) TIMES DAMAGES, e.g., FORTY-FIVE BILLION UNITED STATES DOLLARS ($45,000,000,000.00 USD) – since the payment is IMMINENT and therefore the screen identified can be used to divert or steal the aforementioned funds, e.g. [for account of] FIDELITY DEPOSIT & DISCOUNT BANK, et al., and/or PENN ACCEPTANCE CORPORATION, et al..

This firm has NO ACCOUNTS with either. The stated funds are to be deposited with this firm’s identified Securities Account at Morgan Stanley & Co, New York, NY.

Page 3: RE: FRAUDULENT ENTRY ON www.corporations.state.pa.us/corp BY PERSON(S) unknown against Pennsylvania Investments, Inc. (3/8/2010):

Thank you for your immediate attention and assistance in this matter.

Regards,

Michael C. Cottrell, B.A., M.S.
President, CEO and Secretary
Pennsylvania Investments, Inc.
1157 West 7th Street
Erie, PA 16502-1106

Reference:
Exhibit “A”: Pages 1 thru 11;
Exhibit “B”: Pages 1 thru 4;
Exhibit “C”: Pages 1 and 2;
Exhibit “D”: Pages 1 thru 13.

CC:
(1): The Honorable Edward G. Rendell, Governor of Pennsylvania
(2): The Honorable Pedro A Cortes, Secretary of the Commonwealth
(3): The Honorable Tom Corbett, Pennsylvania Attorney General
(4): Robert S. Cessar, United States Attorney, Pittsburgh, PA
(5): A. Clifton Hodges, Esq., Hodges and Associates, 4 East Holly Street,
Suite 202, Pasadena, CA 91103
(6): Mr William Bonney, Sr., BOLDCAP
(7): Mr Dana V. Wilcox

……………………………………………………………………………….

(3): EXHIBIT “A”: WE REPRODUCE HEREWITH ONLY THE LIST OF ITEMS, LABELLED A-1 TO A-11 THAT ACCOMPANIED THE FOREGOING LETTER OF NOTIFICATION [BY FAX AND U.S. MAIL]. The Editor of this service holds copies of ALL these documents on file:

EXHIBIT “A”:

A-01: Contact Information; Pennsylvania Department of State.

A-02: Identification Screen www.corporations.state.pa.us/corp of Pennsylvania Investments, Inc. dated 3/8/2010 [falsely] identifying SALVATORE R. DEFRANCESO as SECRETARY of Pennsylvania Investments, Inc..

A-03: Identification Screen www.corporations.state.pa.us/corp of Pennsylvania Investments, Inc. dated 3/9/2010 indicating that NO AMENDMENT OF ARTICLES WAS SUBMITTED TO THE DEPT OF STATE AUTHORIZING CHANGE OF OFFICERS.

A-04: Pennsylvania Investments, Inc. Articles of Incorporation ID # 8475-907.

A-05: Pennsylvania Investments, Inc. Articles of Incorporation ID # 8475-906 identifying ALL DIRECTORS/OWNERS OF THE CORPORATION [Pennsylvania Investments, Inc.].

A-06: Pennsylvania Investments, Inc. Articles of Incorporation ID # 8475-905 identifying ENTITY NUMBER 844244 and the address of the corporation [Pennsylvania Investments, Inc.].

A-07: Oath of Publication Notice, The Erie Daily Times, dated 9 January 1985.

A-08: Google search for SALVATORE R. DEFRANCESCO dated 3/9/2010, page 1.

A-09: Google search for SALVATORE R. DEFRANCESCO dated 3/9/2010, page 2.

A-10: FORBES.COM screen identifying SALVATORE R. DEFRANCESCO, page 1.

A-11: FORBES.COM screen identifying SALVATORE R. DEFRANCESCO, page 2.
……………………………………………………………………………….

(4): EXHIBIT “B”: Pages B-1 thru 4:
Item:

AFFIDAVIT SUBMITTED TO HER MAJESTY, THE QUEEN OF ENGLAND [SOVEREIGN OF THE UNITED KINGDOM OF GREAT BRITAIN AND NORTHERN IRELAND] on 29 December 2008 via Mr Christopher Story, FRSA, 108 Horseferry Road, Westminster, London SW1P 2EF, United Kingdom:
[01144-02[0] 7222 3836 or 1-800-661-4809].

PENNSYLVANIA INVESTMENTS, INC.
1157 West 7th Street
Erie, PA 16502
Telephone: 814-455 9218
Facsimile: 814- 453 4453
Email: pii-mcc@msn.com
29 DECEMBER 2008

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

1: That on December 13, 2008 between approximately 4:47 pm EST and 4:52 p.m. EST, I placed a telephone call to Mr William Bonney, Sr., – during which he notified me of the following:

(a) My relationship with Delmarva Timber Trust, et al., has caused a legal concern that will prevent me from taking economic receipt of any funds regarding the Payables Due within the Due Diligence Documentation Part 1 and Part 2 (dated November 19, 2004) to March 23, 2008) presented to Mr Bonney on May 17, 2008, at Madison, Ohio;

[Reference: Delmarva Timber Trust [R.E.I.T.] – Owen C. Meddles, Dana V. Wilcox, Michael C. Cottrell, et al.: Allocation for Release of Blocked Funds License Application Submitted to the United States Department of Treasury Office of Foreign Assets Control: Exhibits: COPY No. 004 – # 1-A, #1-B, #1-C, #1-D, #3, #5, #14, #15, #G-6, #G-4, #G-2, and #G-1].

(b) That my participation in the attempted recovery of said funds for and on behalf of Delmarva Timber Trust, et al., has caused President George W. Bush’s Administration discomfort sufficient to warrant Mr Bonney’s personal guarantee to arbitrate the “differences between the White House/Leo (Lee) E. Wanta, and Michael C. Cottrell, B.A., M.S.”.

[Reference: Delmarva Timber Trust [R.E.I.T.] – Owen C. Meddles, Dana V. Wilcox, Mrs Cheryl D. (Meddles) Torres, Michael C. Cottrell, et al.: Letter and packet, dated January 15, 2002, delivered to: The Honorable Richard B. Cheney, Vice President of the United States, The White House/West Wing Executive Offices. Exhibits: COPY #0003: pp #1 of 3, #2 of 3, #3 of 3: Encl C; Encl E; Encl F].

(c) That ALL of my personal and corporate telephone calls are recorded and transcribed at Fort Meade (NSC), et al. and are submitted to the White House.

2: That on December 26, 2008, between approximately 7:31 a.m. EST and 7:34 a.m. EST, I placed a telephone call to Mr William Bonney, Sr., and was notified of the following items:

(a) That access to the “Settlement Funds” would commence on December 26th or serious consequences for the “Bush Administrations, et al.” will occur;

(b) That regarding Leo Wanta (Wanta Plan Funds), the “big guys” have determined that President G. W. Bush will fight to release the funds until after January 20, 2009, that the “big guys” have decided not to fight him for said reason before January 20th;

(c) That the “big guys” will wait until President Obama’s Economic Team presents the “Obama Plan” approximately on January 29, 2009;

(d) That the Obama Administration will “go with the G-7 Plan, but with ‘safeguards’, since ‘others’ do not have experience with such large funds”; and:

(e) That Mr Bonney has an agenda that must be accomplished first.

3: That Mr Dana V. Wilcox, as Financial Consultant, and Michael C. Cottrell, as Secretary and Trustee of Delmarva Timber trust [R.E.I.T.] physically delivered and paid for the recording of the Articles of Amendment to the Trust, therefore, reinstating the Delmarva Timber Trust as an Active Trust with Maryland Department of Assessments and Taxation on March 28, 2001 at 10:57 a.m. EST.

4: That, during the 1980s and 1990s, until October 17, 1992, Col. Dana V. Wilcox (now retired: Richmond, Virginia, USA):

• As CEO of Errickson, Inc. and acting for and on behalf of Owen C. Meddles/Delmarva Timber Trust, et al..

• actively participated in the “last proper refunding of the US Dollar” with the cooperation and participation of:

• Col. Kok Howe Kwong, of the People’s Republic of China, via:

• Aneko Credit Pte Ltd, Singapore, Hong Kong and Austria.

5: That the aforementioned Private Funding Refunding Operation of the US Dollar was initiated by President Ronald W. Reagan, via the communiqué on August 17, 1982 and agreed upon as a result of President Reagan’s State Visit to the People’s Republic of China in April 1984.

6: That on September 12, 2006 between approximately 8:37 a.m. EST and 8:52 a.m. EST, Dr Dana V. Wilcox telephoned me and discussed the following items:

(a) That the abovementioned items combined with the current sub-prime/derivative debacle now requires a new Private Funding Refunding Operation for the US Dollar – without US Govt. funding;

(b) That the new refunding flow charts would resemble the flow charts Delmarva Timber Trust, et al., had developed under Mr Wilcox and Mr Cottrell’

(c) That said flow chart system identified joint venture projects between Pennsylvania Investments, Inc., and Delmarva Timber Trust, et al., to create new tax incentives and full tax payment to the US Government, et al., as part of the refunding process, and to fund numerous low-income housing, waste management, other infrastructure projects, administration auditing teams for the projects;

(d) That these flow charts and processes were the actual basis of the “Wanta Plan” activities, as presented to Mr Christopher Story FRSA by Michael C. Cottrell, B.A., M.S., March 15 and 16, 2006;

(d*) That Mr Wilcox agreed upon receipt of the G-7 Refunding Funds to Pennsylvania Investments, Inc. Securities Account at Morgan Stanley NYC, per the “Wanta/Group of-Seven Plan”, he would act as “Consultant at least’ for Mr Michael C. Cottrell, B.A.,, M.S., and Pennsylvania Investments, Inc.;

(e*) That the people identified within the proposed Obama Economic Team – i.e., Dr Ben Bernanke, Mr Robert Rubin, Mr Timothy Geithner, Mr Lawrence Summers, Mr Paul Volcker, and specifically Mr Rahm Emanuel (Wasserstein Perella & Co.) – may have been tainted, by the actions of previous Presidential Administrations since 1981, and, therefore, may require “safeguards” that ensure the demise or hinder the effectiveness of the “Private Funding Refunding Operation of the US Dollar”;

(f*) That Mr Wilcox and Mr Cottrell believe the release of the aforementioned funds would demand a transparent presidency and a country operating under the Rule of Law. Only a proper privately funded refunding with third party auditing – not the President’s Cabinet as the auditing party – will allow the US Dollar to regain its capitalization value and renew the world’s international trading markets with full disclosure and transparent regulation.

7: That in reference to the sworn Affidavit signed and dated September 5, 2008, and submitted via Mr Christopher Story FRSA:

• I have not received an answer back concerning the question posed to Mr Thomas J. Melville, Jr., or his contact ‘J.B.” at the US Treasury Compliance Department, New York;

8: Therefore, I respectfully request the World Court and HMQ allow the directed “G-7” nations to operate the refunding program via the “Wanta Plan” commitment with Pennsylvania Investments, Inc./Mr Dana V. Wilcox to be executed with the designated funds from the Six Point Two Trillion USD as a “loan” via the Bank of England, to the Bank of New York Mellon (19-20 June 2007) to Morgan Stanley Securities Account of Pennsylvania Investments, Inc.

A copy of this affirmation shall have the same effect and force as the original.

I, Michael C. Cottrell, B.A., M.S., President of Pennsylvania Investments, Inc., located at 1157 West 7th Street, Erie, PA, 16502, United States Passport No. 205125335, do hereby swear and affirm that the above information is true and factual.

[Signed]
Michael C. Cottrell, B.A., M.S. Dare: 12-29-2008
President
Pennsylvania Investments, Inc.
Telephone: 814-455 9218
Facsimile: 814-453 4453

COMMONWEALTH OF PENNSYLVANIA
NOTARIAL SEAL
Raemarie T. Kovaly – Notary Public
CITY OF ERIE, ERIE COUNTY
My Commission expires Aug. 03, 2012
12-29-2008

* As original. Not amended by the editor here.
……………………………………………………………………………….

(5): EXHIBIT “C”: Pages C-1 thru 2:
Item: CORPORATE AND PROFESSIONAL EXPERIENCE OF
MICHAEL C. COTTRELL, B.A., M.S.:

Michael C. Cottrell, B.A., M.S.
1157 West 7th Street
Erie, PA 16502
Telephone: 814-455 9218
Facsimile: 814-453 4453
Email: pii-mcc@msn.com

CORPORATE AND PROFESSIONAL EXPERIENCE:

• DECEMBER 1984 TO PRESENT:
PENNSYLVANIA INVESTMENTS, INC.
PRESIDENT, CEO, TREASURER AND SECRETARY

Developed and executed marketing strategies to promote the sale of Investment Advisory Asset Allocation and Risk Analysis, Mutual Funds, and Cash Management services to Pension Plan Sponsors.

Marketed Investment Advisory Services and Mutual Funds to Pension Plans (Low to Mid Size: $10 million – $100 million) while training registered Representatives on the following techniques: cold calling approaches, sales presentation methods, and closes.

Marketed Investment Advisory Services and products to NYSE Broker/Dealers in a Twenty-Five (25) State Region.

Conducted advanced sales seminars for Registered Representatives: Development and acceptance of “market timing”, defined benefit/contribution plans; 501(k) plans; third party performance verification (SEI); marketing methods for fixed income and Pooled CIGs.

Developed, published, and marketed PENNSEARCH: RISK & ASSET ALLOCATION ANALYSIS: based on Sharpe’s Single-Index Beta Model and Morley Capital’s “Compass” program. Provided Investment Analysis/Advisory Services to Pension Plan Sponsors and TPAs

• JANUARY 1990 – TO MAY 1993:
NIAGARA SECURITIES, INC.
PRESIDENT and GENERAL SECURITIES PRINCIPAL

General Securities Broker/Dealer approved by N.A.S.D and S.E.C.
Securities Licensed Series 24, General Securities Principal.

Developed (with Pennsylvania Investments, Inc.) a Public/Private $55 Million – $60 Million AFFORDABLE HOUSING VENTURE CAPITAL LIMITED PARTNERSHIP for housing the Homeless, mentally and/or physically challenged. Renewed and endorsed by the Pittsburgh Regional Office for the Department of Housing and Urban Development.

Approved by Youngstown City Council (April 1990) for initial funding for WestWind Foundation.

• JANUARY 1983 TO JUNE 1984:
E. F. HUTTON and COMPANY, INC.
PENSION CONSULTANT/INSURANCE SPECIALIST

Promoted E.F. Hutton Universal Life Products and implemented training programs for the Account Executives to coordinate an effective program of capturing client assets.

• 1970 to 1976:
U.S. NAVY, ACTIVE DUTY, HONORABLY DISCHARGED:
AVIATION METEOROLOGY: FLEET WEATHER CENTRAL,
NAS NORFOLK, VA; USS AMERICA CVN-66

• LICENSING AND ACADEMIC BACKGROUND:
N.A.S.D. & S.E.C.:
SERIES 24, November 1987
SERIES 7, November 1983
SERIES 63, December 1983

ASSOCIATE MEMBER:
Association of Certified Fraud Examiners (2003)

MERCYHURST COLLEGE:
Master of Science, 2002
Administration of Justice

National Criminal Justice Honor Society (April 2001)

PENN STATE UNIVERSITY:
Paralegal Certificate, 1998

PENN STATE UNIVERSITY:
B.A. Political Science, 1978

• PUBLISHED MATERIAL:
‘Elite Power and Capital Markets’:
Master of Science Thesis identifying a topology of deviant financial activities that include:
Political-Financial, Entity-Financial, and White-Collar (criminal) Financial Activities.

These activities illustrate political deviance evolution, involving: wealth, access, knowledge, obfuscation, and denial.

‘Pennsearch’:
A description of a portfolio/asset allocation and efficient frontier analysis system based on the client’s desired rate of return, the risk level, and various measurement standards used to evaluate the portfolio investment performance.

……………………………………………………………………………….

(6): EXHIBIT “D”: List of documents submitted with the Letter of Notification and related papers addressed to the Pennsylvania Department of State and sent by facsimile and US Mail on 9th March 2010. The documents listed here are not displayed, but the Editor holds paper copies of each of them on file. [Note: When ongoing work on our upgraded website is complete, we will be able to display such documents: but the Editor was unwilling to proceed with the revised website, which was meant to have been complete by January, without further modifications, which are in hand].

D-01: Identification screen www.corporations.state.pa.us/corp of Pennsylvania Investments, Inc. dated 3/9/2010 [falsely] identifying SALVATORE R DEFRANCESCO as SECRETARY of Pennsylvania Investments, Inc.

D-02: Identification screen www.corporations.state.pa.us/corp of Pennsylvania Investments, Inc. dated 3/9/2010 indication that NO AMENDMENT OF ARTICLES WAS SUBMITTED TO THE DEPT. OF STATE AUTHORIZING CHANGE OF OFFICERS.

D-03: Identification screen www.corporations.state.pa.us/corp of Pennsylvania Investments, Inc. dated 5/9/2009.

D-04: Identification screen www.corporations.state.pa.us/corp of Pennsylvania Investments, Inc. dated 3/9/2009.

D-05: Identification screen www.corporations.state.pa.us/corp of Pennsylvania Investments, Inc. dated 12/18/2008.

D-06: Identification screen www.corporations.state.pa.us/corp of Pennsylvania Investments, Inc. dated 12/22/2008

D-07: Identification screen www.corporations.state.pa.us/corp of Pennsylvania Investments, Inc. dated 12/22/2008.

D-08: Identification screen www.corporations.state.pa.us/corp of Pennsylvania Investments, Inc. dated 5/15/2008.

D-09: Identification screen www.corporations.state.pa.us/corp of Pennsylvania Investments, Inc. dated 5/15/2008.

D-10: Identification screen www.corporations.state.pa.us/corp of Pennsylvania Investments, Inc. dated 3/27/2008.

D-11: Identification screen www.corporations.state.pa.us/corp of Pennsylvania Investments, Inc. dated 3/27/2008.

D-12: Identification screen www.corporations.state.pa.us/corp of Pennsylvania Investments, Inc. dated 10/1/2006.

D-13: Identification screen www.corporations.state.pa.us/corp of Pennsylvania Investments, Inc. dated 4/6/2005.

NOTE: ON REQUEST, THE EDITOR WILL FAX COPIES OF THE DOCUMENTS LISTED BELOW, PROVING THE FRAUD, TO APPLICANTS WHO SEND US AN EMAIL REQUESTING THEM.

• Please press CONTACT US in the Red Box below, which sends the Editor an email. You MUST include your full coordinates, including of course your fax number. We will NOT oblige applicants for this add-on who withhold any detail of their coordinates (name, address, telephone number, proper identity: not a pseudonym, etc): if we discern that any detail in the coordinates does not ring true, we will not respond.

The documents that will be forwarded by fax are as follows:

THE PENNSYLVANIA FRAUD:
SPECIAL ADD-ON FAX: PAGE ONE:
D-01: Identification screen www.corporations.state.pa.us/corp of Pennsylvania Investments, Inc. dated 3/9/2010 [falsely] identifying SALVATORE R DEFRANCESCO as SECRETARY of Pennsylvania Investments, Inc. This member of the US ‘Italian community’ IS A CRIMINAL IMPOSTOR.

THE PENNSYLVANIA FRAUD:
SPECIAL ADD-ON FAX: PAGE TWO
D-02: Identification screen www.corporations.state.pa.us/corp of Pennsylvania Investments, Inc. dated 3/9/2010 indicating that NO AMENDMENT OF ARTICLES HAD BEEN SUBMITTED TO THE DEPT. OF STATE AUTHORIZING CHANGE OF OFFICERS.

THE PENNSYLVANIA FRAUD:
SPECIAL ADD-ON FAX: PAGE THREE
D-03: Identification screen www.corporations.state.pa.us/corp of Pennsylvania Investments, Inc. dated 5/9/2009, showing Michael C. Cottrell as President but OMITTING his earlier designation as SECRETARY, despite the fact that NO AMENDMENT OF ARTICLES HAD BEEN SUBMITTED TO THE DEPT. OF STATE AUTHORIZING CHANGE OF OFFICERS.

THE PENNSYLVANIA FRAUD:
SPECIAL ADD-ON FAX: PAGE FOUR
NEW: Identification screen www.corporations.state.pa.us/corp of Pennsylvania Investments, Inc. dated 3/10.2010, taken at 2:02pm EST, showing that the impostor SALVATORE R. DEFRANCESCO as SECRETARY of Pennsylvania Investments, Inc., had been removed from the screen.

(7) APPENDIX:
The following document was not included in the urgent fax sent by Mr Cottrell dated 9th March 2010 to the Pennsylvania Department of State but is included herewith for reference:

PENNSYLVANIA INVESTMENTS, INC.
1157 West 7th Street
Erie, PA 16502
Telephone: 814-455 9218
Facsimile: 814- 453 4453
Email: pii-mcc@msn.com

16 NOVEMBER 2005

CERTIFICATE OF ADOPTION OF CORPORATE RESOLUTION

I hereby certify that at a meeting of the Board of Directors of Pennsylvania Investments, Inc., a corporation organized and existing under and by virtue of the laws of the State of Pennsylvania, held on the 16th day of November 2005 at which said meeting a quorum was present and acting throughout, the following resolutions were adopted and ever since have been and now are in full force and effect:

RESOLVED,
that US Dollar account(s) be established at Morgan Stanley & Co. Incorporated located at 1221 Avenue of the Americas, New York, New York 10020.

RESOLVED,
that Michael C. Cottrell, M.S., as President and Secretary, is hereby empowered with full legal authority to sign any necessary documents to open and conduct business within said account(s) on behalf of this Corporation;

FURTHER RESOLVED, that Michael C. Cottrell, M.S., is hereby granted authority to make, execute, and deliver, any and all written instructions necessary or proper to effectuate the authority hereby conferred to sign any and all necessary documents required to execute instructions regarding activities within said account(s).

IN WITNESS WHEREOF, I have hereunto set my signature for said corporation this 16th day of November, 2005.

[Signed]
Michael C. Cottrell
President and Secretary
Date: 11-16-2005

[Signed]
Diane R Bertolini-Cottrell, B.A., M.A.
Shareholder
Date: 11-16-2005.

• 20TH MARCH 2010: ANOTHER CAVALIER DIVERSIONARY ATTACK ON THE EDITOR
We understand that the notoriously cavalier CIA/FBI/DVD disinformation and fabrication operative, Thomas Heneghan, who specialises in diversionary agitation and propaganda rather than informing readers objectively, has published a further gratuitous attack on the Editor of this service, citing International Currency Review as his source. That’s odd, because the issue he cites doesn’t exist.

International Currency Review, Volume 35, Numbers 1 & 2 is on machine for the rest of March and so has not been published yet. It will be distributed worldwide in April 2010.

Since this notorious US agitprop operative cannot even be bothered to get his citations right, his prognostications and distortions retain as little credibility as the fake ‘Principality of Snake Hill’, Australia, which his client, Mr Wanta, is desperately perpetuating in order to sustain his creaking false credentials as ‘Ambassador’.

As this fake ‘Principality’ does not exist, no State Department or United Nations authentication of Wanta’s fraudulent Ambassadorship for the Principality of Snake Hill to the United States exists, either. On 20th September 2009 and in subsequent reports, we demonstrated before the whole world that ‘The Principality of Snake Hill’ is fraudulent. Therefore, Heneghan and Wanta must be suffering from an advanced form of mental disease, insisting that black is white, lies are the truth and vice versa, which is what people who lie all their lives wind up doing as they go mad.

For the record, and for the n’th time, here is the irrefutable proof that The Principality of Snake
Hill, Australia, is a crude fabrication (using a Washington, DC (202) number supplied for Wanta’s misuse by the French Embassy when M. Levitte, now President Sarkozy’s intelligence adviser in Paris, was French Ambassador to the United States. France covers for Germany under the Treaty of the Elysee [January 1963], providing DVD ‘Black’ operatives with cover). Ms Brenda Farrell of the Australian Embassy, Dublin, responded to our Irish associate, Richard Sharpe, as indicated in the segment reproduced from our report dated 20th September 2009 [see Archive] below:

‘PRINCIPALITY OF SNAKE HILL DOES NOT EXIST’: AUSTRALIAN EMBASSY, DUBLIN
On Wednesday 23rd September 2009, our Irish friend and associate, Mr Richard Sharpe, obtained independent confirmation from Ms. Brenda Farrell, of the Australian Embassy in Dublin, that ‘The Principality of Snake Hill’ does not exist, thereby reconfirming that the entire ‘Snake Hill’ operation is, as we explained in exhaustive detail below [i.e., in the report of 20 September], FRAUDULENT.

• This definitively destroys the bona fides and reputations of the poseurs and serial deception operatives exposed in this report, and should terminate the destructive activities of these people once and for all. They are FINISHED. They have been CAUGHT OUT. Before the whole world.

Forwarded message
From: <richardsharpe@eircom.net>
Date: Wed, Sep 23, 2009 at 12:25 PM
Subject: Fwd: Principality of Snake Hill [SEC=UNCLASSIFIED]
To: mrrichardsharpe <mrrichardsharpe@gmail.com>

richardsharpe@eircom.net wrote:
Many thanks for your timely response.

Regards
Richard

“Austremb Dublin” <Austremb.Dublin@dfat.gov.au> wrote:

Dear Mr Sharpe,

Thank you for your email.

There is no principality in Australia.

Kind regards

Australian Embassy
Dublin
Tel: +353 (0) 1 664 5300
Fax: +353 (0) 1 678 5185

richardsharpe@eircom.net

A reminder of just how cavalier the self-discrediting Heneghan, who opened bank accounts for al-Qaeda-funding Marvelous Investments Limited on behalf of Wanta (who, being a felon, cannot open or own any bank account) is with his fabricated facts, followed the foregoing definitive debunking of the ‘Principality of Snake Hill’ deception which Wanta is perpetuating in order to sustain his own mental delusion that he is an Ambassador, which is not the case:

THE EDITOR REMAINS IN NEW YORK
AND DID NOT ‘FLEE THE UNITED STATES’
The fantasmogorical allegation by a notorious US disinformation operative exposed in this report [Heneghan], that the Editor of this service fled the United States on Friday 18th September in order to escape arrest by the US Marshals Service, is inconsistent with the actual fact that the Editor is working ‘as we speak’ in his New York City office premises [as of 23rd September 2009*].

There is no need to labour the point that, given this stupid invention, none of the dogmatic statements that this notorious disinformation operative posts can ever command respect.

The fabrications of this and other notorious US disinformation artists have long since destroyed their ‘credibility’, making them a laughing stock and suggesting that the CIA disinformation apparat needs to review its operations and close many of them down.

• Their counterintelligence tradecraft seems to have become permanently counterproductive.

* The email from Ms Brenda Farrel of the Australian Embassy, Dublin, was sent and received on 23rd September. Our original report is dated 20th September, and the exposure of The Principality of Snake Hill as a fraud and a fabrication was confirmed in the Update of 23rd September 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, 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 for 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].

SECURITISATION IS 100% ILLEGAL UNDER U.S. LEGISLATION

cropped-chrisstory

WHAT THE OFFICIAL RACKETEERS ARE DESPERATELY COVERING UP

Wednesday 10 March 2010 19:30

EAVESDROPPING AND CONSTANT AMERICAN TELEPHONE HARASSMENT
CONFIRM THAT THIS SERVICE IS RIGHT AT THE EPICENTRE OF THIS CRISIS

• REPORTS UPDATE: It has been decided to post this report, containing the ‘securitisation is illegal’ data, which was nearing completion when the fraud discovered on Monday and Tuesday, erupted. Our report on this monumental fraud (which we will call, for shorthand purposes, ‘the Pennsylvania Fraud’), will follow and will probably be alternated with the present analysis. The Editor has now obtained the underlying documentation on the Pennsylvania Fraud, and will be working on this exposure report immediately (so much for his regular publishing work schedule).

• MAJOR UPDATE, 12TH MARCH 2010:

OBAMA, GEITHNER AND THE D.C MEETING ON SECURITISATION
As elaborated below, securitisation in the United States is illegal and contrary to public policy.

All securitised contracts are void not least because they were created to facilitate one or more criminal acts, as explained in this presentation. By definition and US law, all contracts created to accommodate an illegal act are void.

So, what is happening in Washington, DC, ‘as we speak’? Why, a high-level meeting has been taking place to examine how SECURITISATION of FRNs can be used to dig the Obama Administration out of the void it has created by its bovine criminality and stupidity.

The prime movers of this demented, ILLEGAL activity are President Obama and Timothy Geithner, US Treasury Secretary, backed by other purblind officials such as Larry Summers. No doubt the careful timing of the publication of our exposure of securitisation here as completely illegal and contrary to the Rule of Law, will have given the underlings of these perpetrators some concern. Obama’s World Court-granted immunity from prosecution does not extend to domestic felonies.

UNITED KINGDOM: THE LAW OF PROPERTY ACT, 1925
In the United Kingdom, The Law of Property Act, 1925, particularly Section 136 which deals with assignments, makes it crystal clear that alienation by a mortgage provider of all assets that have been assigned without notice having been issued to, or permission granted by, the debtor, is void and fraudulent. Therefore, ALL SECURITISATION OPERATIONS BY FINANCIAL INSTITUTIONS WITHIN THE BRITISH JURISDICTION WHICH HAVE NOT BEEN EXPLICITLY SANCTIONED IN ADVANCE BY THE MORTGAGOR, with the mortgagor fully aware of the situation, are void.

Northern Rock and all financial entities engaged in assigning, on-selling, trading and benefiting financially from such activity without notice to or the prior consent of the mortgagor, are engaged in CRIMINAL ACTIVITY. These institutions have accordingly been trading worthless paper between themselves within a fraudulent financial carousel, as repeatedly stated in these reports.

The Directors of these institutions should be investigated and prosecuted by the UK authorities: and if this does not happen, we will keep asking why not. No doubt Lord Myners [see Appendix below], the ‘City Minister’, knows the score perfectly well, and is being ‘economical with the truth’. In which case he is a co-conspirator in this criminality.

The bottom line here is that it is possible in the British jurisdiction to stop anyone who holds a contract for debt (the creditor) from passing that debt to a third party (debt collector) if they have not complied fully with The Law of Property Act 1925 and to hold them to the original contract and, therefore, to their stringent obligations to the debtor under the Consumer Credit Act, 1974. If they do not, the contract is toast and they cannot collect or sue for recovery of the debt. And the debtor is at liberty to counterclaim even if they do sue the debtor: which is another reason why they don’t do this. For this reason, no one talks about the The Law of Property Act, 1925. They will now!

http://www.opsi.gov.uk/RevisedStatutes/Acts/ukpga/1925/cukpga_19250020_en_1

136 Legal assignments of things in action:
(1): Any absolute assignment by writing under the hand of the assignor (not purporting to be by
way of charge only) of any debt or other legal thing in action, OF WHICH EXPRESS NOTICE IN WRITING HAS BEEN GIVEN TO THE DEBTOR, trustee or other person from whom the assignor would have been entitled to claim such debt or thing in action, is effectual in law (subject to equities having priority over the right of the assignee) to pass and transfer from the date of such notice:
(a) the legal right to such debt or thing in action;
(b) all legal and other remedies for the same; and
(c) the power to give a good discharge for the same without the concurrence of the assignor:

Provided that, if the debtor, trustee or other person liable
in respect of such debt or thing in action has notice:
(a) that the assignment is disputed by the assignor or any person claiming under him; or
(b) of any other opposing or conflicting claims to such debt or thing in action; he may, if he thinks fit, either call upon the persons making claim thereto to interplead concerning the same, or pay the debt or other thing in action into court under the provisions of the Trustee Act, 1925.

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.
You can also access the CMKM/CMKX text at: http://viewer.zoho.com/docs/paKdda
The biggest lawsuit in world legal history: The phantom share giga-scandal.

• UPDATES, 11TH MARCH: The outline report on the Northern Rock case, in which the bank lied in writing to the paid-up mortgagor whose Title Deeds the bank said had been ‘de-materialised’ and held on to for FIVE YEARS AFTER THE MORTGAGE HAD BEEN PAID OFF, and yet finally disgorged after five years (during which time the householder could not sell her home), has triggered much interest. So we have added some new data beneath the outline Northern Rock report below.

• Under US whistleblower legislation, the whistleblower is entitled to a proportion of the fraud uncovered, a point made to the Editor this morning, too. No doubt this will likewise help to focus the serpentine minds of the criminal operatives being exposed. 15% to 30% of $4.2 trillion, plus $6.2 trillion, plus multiple billions, is a lot of dosh. In fact 15% of $10.4 trillion is $1.56 trillion, and 30% is $3.12 trillion. OK, the percentage is usually 10%, applicable only after conviction of course. So make that $1.04 trillion, then. Such awards are naturally available only to US taxpayers: please see the next report, on The Philadelphia Fraud, identified by a US taxpayer.

• LISTENING-IN TO OUR PHONE CALLS GIVES THE GAME AWAY

• WHY DO THEY LISTEN-IN TO EVERY WORD? WE’VE COMMITTED NO CRIMES

• WE’VE BEEN HARASSED DAILY WITH OBSCENE U.S. CALLS SINCE FEBRUARY 2008

• ‘MR STORY IS A PROBLEM FOR THEM BUT THEY CAN HANDLE IT PROVIDED
WHAT HE EXPOSES IS BLOCKED FROM THE ‘MAINSTREAM’’

• AS WE’VE COMMITTED NO CRIMES, AUTHORITIES SHOULD SUPPORT WHAT WE’RE
DOING TO HELP THEM DO THE JOB THEY ARE TOO CORRUPT TO DO UNAIDED

• THEY FALL OVER THEMSELVES TO LISTEN-IN, SO THEY CAN WARN
THE GUTLESS ‘MAINSTREAM’ OUTLETS TO BLOCK OUR EXPOSURES

• ALL THEY DO IS INFORM US BY THEIR SORDID BEHAVIOUR THAT WE ARE RIGHT
‘ON MESSAGE’ – WHICH IS BEYOND STUPID OF THEM, WHEN YOU THINK ABOUT IT

• CRIMINALISED INTELLIGENCE POWER INCOMPATIBLE WITH SOUND GOVERNANCE

• RACKETEERS CONSTANTLY CONFRONTED WITH THE RULE OF LAW

• COWARDLY CONTROLLED NEWSPAPERS WHICH HAVE IGNORED CIMKM/CMKX

• THE DAILY TELEGRAPH: A CONTROLLED OUTLET FOR MI-6

• MI-6 ‘INTEND TO TAKE MR CHRISTOPHER STORY OUT’

• BRITISH INTELLIGENCE APPEARS TO BE BEHAVING TREACHEROUSLY, AS USUAL

• ‘MAINSTREAM’ NEWSPAPERS REVEALING THEMSELVES
TO BE CO-CONSPIRATORS IN COVERING UP THE RACKETEERING

• WHY CONFINING EXPOSURES TO THIS WEBSITE HAS BEEN
COUNTERPRODUCTIVE FROM THE RACKETEERS’ PERSPECTIVE

• OUR EXPOSURE MODUS OPERANDI: ‘WALKING IN A STRAIGHT LINE’

• QUEEN’S GOLD THEFT STILL NOT RECTIFIED:
SO, KICK THE U.S. AMBASSADOR OUT OF LONDON

• STEALING OF $4.2 TRILLION TAX MONEY ON 31ST DECEMBER 2009
STILL NOT RECTIFIED: SO MASSIVE CRIMES HAVE BEEN COMMITTED

• FISH ROTS FROM THE STINKING HEAD: WORLD COURT IMMUNITY DEMANDED
AND SCANDALOUSLY OBTAINED BY THE COLLECTIVE OF CORRUPT U.S. PRESIDENTS

• GORBACHEV MANIPULATING DEVELOPMENTS FROM HIS WING IN THE KREMLIN, AS BEFORE

• GORBACHEV, BUSH, KOHL, ACKERMANN: RACKETEERING PARTNERS IN DEUTSCHE AG.

• WANTA: THE COURIER BETWEEN BUSH SENIOR AND GORBACHEV

• WANTA’S ‘REAGAN’S JUNK-YARD DOG’ DIVERSION

• WANTA KNEW ABOUT 9/11 IN ADVANCE, LIKE VREELAND

• FRANCE COVERS FOR GERMANY UNDER TREATY OF THE ELYSEE

• FRAUDULENT WANTA ‘SNAKE HILL’ WEBSITE’S GERMAN CONNECTIONS

• CIA/DVD PRACTICE OF EXPLOITING AND STEALING OUTSIDE EXPERTISE

• THE AMERICAN INTELLIGENCE POWER WHICH HAS USURPED
THE GOVERNMENT DANCES TO THE TUNE OF FOREIGN POWERS

• WORLD REVOLUTION RACKETEERING OFFENSIVE

• ‘WALKING IN A STRAIGHT LINE’ WILL EXPOSE THE DECEPTIONS

• COTTRELL THREATENS TO SNATCH AWAY THE RACKETEERS’ COVER,
THROWING THEM INTO A MAD PANIC. THIS WAS NOT ANTICIPATED.

• THE TWO MI-6 OPERATIVES WITH THE QUEEN’S SIGNATURE:
ARE THEY WORKING FOR, OR ARE THEY DOUBLE-CROSSING THE QUEEN?

• WHAT HAS HAPPENED TO THE CHINESE CURRENCY BOXES?

• GREEK DEPUTY PRIME MINISTER EQUATES NAZI GERMANY
WITH CHANCELLOR MERKEL’S STASI GERMANY

• WHAT DO THE FOUR RACKETEERS HAVE IN COMMON
WITH OTHER WELL-KNOWN DECEASED AND LIVING OPERATIVES?

• ‘FORECLOSURE ANALYSIS’ PARA-LEGAL SERVICES SPRINGING UP IN THE UNITED STATES

• NORTHERN ROCK’S LIES TO A FORMER MORTGAGOR MASKING
THE FACT THAT HER TITLE DEEDS WERE ‘OTHERWISE ENGAGED’

• SECURITISATION IS A KEY ELEMENT OF A REVOLUTIONARY ATTACK ON PRIVATE PROPERTY

• YES, A RUTHLESS, SYSTEMATIC ATTACK ON PRIVATE PROPERTY

• LOWEST COMMON DENOMINATOR SCAMS STILL ‘OUT THERE’

• WHY SECURITISATION IS ILLEGAL UNDER U.S. AND COMMON LAW

• SECURITISATION ENTAILS GROSS VIOLATIONS OF R.I.C.O. STATUTES

• NOTWITHSTANDING THAT IT’S ILLEGAL, U.S. AUTHORITIES
CONTINUE TO PROMOTE AND ENCOURAGE SECURITISATION

• SUMMARY FORENSIC ANALYSIS PROVING THE ILLEGALITY OF SECURITISATION

• SECURITISATION: A COVER FOR TAX EVASION

• SECURITISATION VIOLATES THE U.S BANKRUPTCY CODE
AND THEREFORE ALSO CONTRAVENES PUBLIC POLICY

• SECURITISATION VIOLATES FEDERAL R.I.C.O. STATUTES

• SECURITISATION ALSO VIOLATES U.S. ANTITRUST LEGISLATION

• There is also the tenet of English law of contract which governs US law, too, that any contract entered into in order to commit a crime is (automatically) void. So what exactly do the American and British Governments think they are doing ‘accommodating’ securitisation, given this principle?

• THE ‘PHILIPPINES EXCEPTION’ BURIED IN THE CLAYTON ACT

• FANNIE MAE, FREDDIE MAC ENGAGED IN FURTHER ILLEGAL SECURITISATION:
RE-SECURITISING ALREADY SECURITISED ‘DUD’ ASSETS TO DUMP BACK ON THE BANKS

• GARY GENSLER IS NOT AS OPPOSED TO FRAUDULENT FINANCE AS HE SEEMS

• ‘GREATER TRANSPARENCY’ IS EVIDENTLY ALL GENSLER’S AFTER

• INVESTORS’ MONEY USED TO REMUNERATE WALL STREET

•’THE MONEY YOU MAKE BY MISUSING MY MONEY
IS MY MONEY‘ – I.E., THE HOME OWNER’S

• A PERVERSE AND ARROGANT OFFICIAL INTENT TO CONTINUE VIOLATING U.S. LAW

• THE DEPOSITORY TRUST & CLEARING CORPORATION IS IN OVERDRIVE

• THE FEDERAL RESERVE HAS BECOME
THE BACK-STOP GUARANTOR OF CREDIT DEFAULT SWAPS

• STAGE SET FOR AN UNIMAGINABLE (AVOIDABLE)
CATASTROPHE: A DEATH-WISH

• THE DTCC’S OBLIGATIONS WAREHOUSE SERVICE

• GREATER TRANSPARENCY WON’T ELIMINATE SYSTEMIC RISK,
OR PREVENT A CONFIDENCE CRISIS

• SO, WHERE ARE YOU, MR HOLDER?

• APPENDIX: LORD MYNERS SAYS THERE MUST BE PENALTIES FOR BANK EXCESSES

• POSTSCRIPT: STIGLITZ: ‘THE AMERICAN BANKING SYSTEM IS CORRUPT’

NEW REPORT STARTS HERE:

LISTENING-IN TO OUR PHONE CALLS GIVES THE GAME AWAY
If we go back to square one and start asking basic questions about our experiences with these exposures, interesting answers emerge. The first question that arises is this:

• Why is it that so many intelligence eavesdroppers listen to every domestic and especially international telephone call that we make and receive?

After all, the Editor has not stolen any money, has not murdered anyone, has not abducted anyone else’s child, is not a Nazi war criminal, is not engaged in espionage, is not an agent of a foreign power, has not defrauded anyone, and is not engaged in criminal activity in any shape or form. And neither, for instance, is Michael C. Cottrell, B.A., M.S., let alone Mr A. Clifton Hodges, the Attorney for the CMKM/CMKX victims, whom the Editor speaks to quite frequently on the transatlantic line.

Is it that these eager eavesdroppers like the sound of the Editor’s voice? Do they seek knowledge from us that they could not obtain from other sources? Are we the fount of all known wisdom in the universe? What do we know and say that others don’t know and can’t say, which these decadent snoopers find so electrifying in our conversations? There must be SOME explanation for their manic preoccupation with what we have to say in our private communications.

WHY DO THEY LISTEN-IN TO EVERY WORD? WE’VE COMMITTED NO CRIMES
Because given that we have committed no crimes, and neither are we patriots terrorists, there HAS to be a coherent reason why these despicable little UK, US and foreign snooping apparatchiks rush to pick up their earpieces every time we begin a conversation – knocking over their plastic coffee cups and making a mess of their work spaces in their frantic anxiety to garner every precious nugget that falls from our lips. One can hear these scum clicking in one after the other.

Oh, the red light’s gone on, we’ve got to record what Story and his correspondents are saying. Why do they need to fall over themselves to find out what we discuss, as we have committed no crimes and are not terrorists?

And why are they routinely engaged in issuing threats against the Editor of this service, and also against Mr Cottrell, and harassing both on a routine basis – Mr Cottrell as recently as 6th March? The Editor, as previously reported, has received daily voicemail messages from a controlled MK-Ultra-style ‘Black’ US DVD nutcase via Skype (Washington, DC) since the Wanta ‘switch’ in February 2008: on some days, we have counted as many as nine such demented harassment calls.

WE’VE BEEN HARASSED DAILY WITH OBSCENE U.S. CALLS SINCE FEBRUARY 2008
These crude harassment calls, which as indicated have been continuing since the Wanta ‘switch’ in 2008, reminiscent of a DVD operation (because of their Bavarian Illuminati-style ‘Black’ content and because Germans never know when to stop, and when they have been defeated) have no effect on the Editor’s work, mind or intentions: yet some ignorant cadre inside the US component of the CIA/DVD revolutionary structures is employed, for money, to continue this illegal harassment.

They seem to think it will wear us down. Instead, the parties being worn down are those who are determined, despite our exposures of their iniquity, to continue their racketeering operations in defiance of the Rule of Law that they despise.

They never thought they would encounter any opposition, and they have been on the wrong foot ever since we stood up to them. Real opposition was never anticipated.

What arrogance! What right do these little malodorous eavesdropping twerps have to intercept our telecommunications and to record what we have to say – sending, we understand, transcripts of our coveted exchanges to the White House?

What right do the National Security Agency, GCHQ, French, Israeli and German intelligence have to listen-in to our phone calls? Are we at the apex of human understanding? Do we dispense pearls of insight and wisdom so penetrating that that these little creeps cannot develop them from other sources? Now let’s broaden our enquiry further, leading in to the next question.

‘MR STORY IS A PROBLEM FOR THEM BUT THEY CAN HANDLE IT PROVIDED
WHAT HE EXPOSES IS BLOCKED FROM THE ‘MAINSTREAM’’
As displayed at the top of our report dated 2nd March 2010, Mr A. Clifton Hodges, Attorney for the 50,000 CMKM/CMKX scamees (whose CMKM stock was exploited when 2.25 trillion PHANTOM SHARES were floated via an illegal platform from WITHIN the Securities and Exchange Commission itself, under the criminal George W. Bush Administration (between June 2004 and October 2005)), was informed by an inside source that ‘Christopher Story is a problem for them, but they think they can handle it PROVIDED that what he exposes does not spill over into the ‘mainstream’ media’ [see our report dated 2nd March 2010].

The source of this information was a US official whose job it is to ENFORCE THE LAW, not to connive in violating it for purposes of expediency.

AS WE’VE COMMITTED NO CRIMES, AUTHORITIES SHOULD SUPPORT WHAT WE’RE
DOING TO HELP THEM DO THE JOB THEY ARE TOO CORRUPT TO DO UNAIDED
One would have thought that since what we are exposing is RAMPANT RACKETEERING AND CRIMINALITY WITHIN THE U.S. GOVERNMENT STRUCTURES, as well as inside the corrupted financial institutions, Fannie Mae, Freddie Mac and the criminal enterprise known as the Central Intelligence Agency, such US operatives and officials would be only too keen on encouraging the broad dissemination of information liable to lead to the indictment and arrest of the racketeers and criminals that are being protected within and close to the Washington Beltway.

But that is not the case! On the contrary, this and other ‘inside’ sources appear to have been engaged in a systematic operation to use Story, Cottrell and now Hodges as a foil and barrier, behind which to plan double-dealing and continued financial deception, and to deceive at least the first two named, in order – as with the original Wanta deception – to preserve a smokescreen as cover for the pursuit of racketeering ‘business as usual’ in general.

The intention here has been to try to conduct the US Dollar Refunding themselves, with FRNs – which will lead very rapidly to a catastrophe, so that the racketeers below the radar can then, so they imagine, unscramble and release their accumulated and worthless nominal ‘derivative’ values from off-balance sheet and offshore sources, for deployment (as is currently happening to some extent) for the Fascist-style purpose of snapping up real assets at firesale prices.

• That’s the goal of the World Revolution.

THEY FALL OVER THEMSELVES TO LISTEN-IN, SO THEY CAN WARN
THE GUTLESS ‘MAINSTREAM’ OUTLETS TO BLOCK OUR EXPOSURES
So, on the one hand, the eavesdroppers knock over their dirty plastic coffee cups as they fall over themselves to listen to and record what we have to say on the telephone; while on the other hand, they appear to be seeing to it that what we have to discuss, and what the Editor is exposing, never reaches beyond the in-house intelligence censorship ‘pods’ sitting inside all press rooms of the controlled ‘mainstream’ media, prompting the next question:

• Why are these manipulators so anxious to hear what we have to say and simultaneously so determined that what we have to say and expose never hits the ‘mainstream’?

After all, given that we have committed no crimes and are not terrorists, and the governments which these despicable little eavesdropping worms serve, supposedly believe in ‘democracy’ and ‘free speech’, don’t you know, it should surely follow that if the eavesdroppers consider that what we have to say is so superb and priceless, their governments would all be awfully keen that our invaluable information and insights should be spread extensively abroad so that the sum of human understanding is enhanced, to the benefit of all, the governments included, n’est-ce-pas?

ALL THEY DO IS INFORM US BY THEIR SORDID BEHAVIOUR THAT WE ARE RIGHT
‘ON MESSAGE’ – WHICH IS BEYOND STUPID OF THEM, WHEN YOU THINK ABOUT IT
There is of course one benefit to all this – namely, that by listening in to all our telecommunications so routinely and conspicuously, and by engaging in such persistent and futile non-stop telephone harassment (which is recorded by us for future legal reference, not listened to, and zapped), the criminal intelligence cadres concerned are signalling to us LOUD AND CLEAR that we are indeed being highly effective: otherwise they wouldn’t be wasting their time and financial resources in such underhand and counterproductive activities, would they.

So, as we have previously pointed out, these intelligence and masonic cadres are indeed plain STUPID! By their behaviour, they are telling us that we’re being effective, making a difference, and that we’re getting in the way of their racketeering operations by exposing them (as you will see from the next post!). So the confused, panicking fools are telling us all we need to know. It’s neat!

Obviously, there’s something wrong here: and one doesn’t need a first class degree in logic to be able to discern the problem. We haven’t committed any crimes and are not terrorists. Why, then, do these authorities compete among themselves not only to listen to and record what we have to say, but also to prevent the ‘mainstream’ from picking up our insights and assessments?

• ANSWER: Because the governments themselves are engaged in the very financial terrorist criminality and racketeering that we are exposing, and are terrified that the exposures will lead to what from their perspectives might become intolerable ‘unintended consequences’, with rolling outcomes that they couldn’t control. And this is in fact what is going to happen, sooner or later.

CRIMINALISED INTELLIGENCE POWER INCOMPATIBLE WITH SOUND GOVERNANCE
At this point we need to insert an obvious but almost always overlooked anomaly arising from the fact, mentioned in earlier reports, that the coexistence of criminalised, racketeering intelligence powers enjoying carte blanche to embezzle public funds and break the law (and to indulge in petty dirty tricks and bearing false witness such as those involving Gordon Thomas on behalf of MI-6: see Note (1) below), with a system supposedly based on the Rule of Law, is INCOMPATIBLE WITH SOUND GOVERNANCE – let alone with the supposed supremacy of legality.

If they prefer a system without the Rule of Law, why bother any longer with Congress and routinely rigged elections which make a mockery of democracy and just confirm that the US authorities, who hypocritically preach democracy to the Rest of the World, are indistinguishable from corrupt ‘post’-Soviet régimes, where ballot boxes (as in Ireland) are brought pre-stuffed to the polling stations?

Because the criminalised intelligence powers and those serving them:

• Exhibit open contempt for the Rule of Law, but exploit it on an open-ended basis when it suits their own nefarious purposes.

• Seek to avoid leaving traces which would contravene the law when committing their endless crimes, and yet employ every delaying and obfuscation device known to Satan, to save their own skins whenever they perceive they are themselves in danger of the full wrath of legal enforcement.

• Have failed actually to ABOLISH the Rule of Law which they exploit, injure and contravene 24/7 in their pursuit of their ‘Black’ and illegal objectives – which they imagine are ‘allowed’ in the United States thanks to the cover that they assume to be provided under the National Security Act of 1947 et seq. (the criminals’ charter).

RACKETEERS CONSTANTLY CONFRONTED WITH THE RULE OF LAW
This sick mindset was further encouraged in the United States by such ill-advised liberties as President Reagan’s counterproductive Executive Order 12333 of 1981, which catastrophically authorised US intelligence operatives to form corporations of which the operatives themselves could own the shares and which would then ostensibly ‘contract’ with the compartmentalised components of the Intelligence Power and other US agencies to perform tasks required by the Executive Branch, for which the controlling Intelligence Power acts as the clandestine arm.

Obviously, to contract with intelligence operatives who are required by Statute to deny that they are intelligence operatives and therefore to lie for a living, is equivalent to entering into a contract with the fox to guard the chicken house. Significantly, Gorbachëv’s Politburo copied this crass 1981 Reagan formula in 1990.

Therefore, while abusing and contravening the despised Rule of Law, these amoral US officials are constantly being confronted by it. Despite their disdain of the Rule of Law, it stands in their way, and they keep bumping into it, even though they do their best all the time to corrupt it.

This ironical state of affairs provides, of course, another convenient underlying, ongoing dialectic (Thesis, Antithesis) – ripe for exploitation: but in this particular case, the dialectic is a ‘given’, not an artificial construct. In other words, short of an actual criminal dictatorship, there’s not a lot they can do to alleviate their situation here other than to continue compromising, abusing and eroding the Rule of Law, through bribery and corruption.

We have established already that: the criminal governments themselves are engaged in the very racketeering criminality that we are having to expose, given not least that, as reviewed below, ALL SECURITISATION IS ILLEGAL UNDER U.S. AND COMMON LAW – and are terrified that the endless exposures will lead to what, from their perspectives, might become truly intolerable ‘unintended consequences’, with rolling outcomes that they couldn’t control.

COWARDLY CONTROLLED NEWSPAPERS WHICH HAVE IGNORED CIMKM/CMKX
Because of this cowardice on the penetrated governments’ part, the newspapers listed below have been officially prevented, to our own certain updated knowledge [10th March], from reporting even the eminently reportable CMKM/CMKX case, in which payment of $3.87 trillion is demanded from the Securities and Exchange Commission and from certain of its current and former officials, given the unprecedented scandal of the S.E.C. having floated 2.25 trillion PHANTOM SHARES from a platform operated beneath the cover of the Securities and Exchange Commission itself (2).

• Note: Page B1 of the New York Edition of The New York Times dated 12th March carries the first ‘mainstream’ report of the CMKM/CMKX case, twisted to ignore the essence of the case and to suggest, contrary to the truth of the matter, that this is just another instance of the phenomenon that scamees can never admit that they have been scammed. Naturally, one did not expect such a newspaper to report the truth, which can be established from the Complaint [see our report dated 9th January (over two months prior to The New York Times’ article)]. No, the newspaper found a spurious, populist angle which has nothing to do with the substance of the Complaint against the S.E.C., indicating how nervous the US Establishment is over these developments.

Any ‘mainstream’ newspaper that was fulfilling its responsibilities objectively as a conscientious component of the Fourth Estate would have jumped on this story long ago. After all, we published the complete text of the Complaint within hours of it being filed [see our report dated 9th January 2010]. That was TWO MONTHS BACK: and so far, NONE of the ‘mainstream’ US/UK newspapers or broadcast outlets have touched this dynamite. SPECIFICALLY:

• Mr A. Clifton Hodges, Attorney for the 50,000+ CMKM/CMKX scammees, personally informed press contacts about the case, on the following media:

• The Los Angeles Times

• The Washington Post

• The Wall Street Journal

Mr Hodges received no response.

• The Editor of this service personally informed the prominent UK financial journalist Ambrose Evans-Pritchard on The Daily Telegraph, whom he has met in the past. Since The Daily Telegraph’s offices are within walking distance of our Central London office, the Editor offered to deliver a copy of the actual Summons and Complaint by hand last week.

• The Editor did not even receive the courtesy of an acknowledgment of his emails.

THE DAILY TELEGRAPH: A CONTROLLED OUTLET FOR MI-6
Notwithstanding his duplicitous behaviour in acting as an agent for MI-6 in bearing false witness against the Editor of this service in 2004, Gordon Thomas is persona grata at The Daily Telegraph, and recently published a large article in that paper on the subject of the use of British passports by Israel assassination operatives. As the Editor’s case shows, Thomas also acts as an agent for MI-6.

Therefore, The Daily Telegraph is under the thumb of MI-6, which helps to explain quite why this newspaper – which used to publish extensive op-ed. articles by the Editor of this service in the 1970s and early 1960s, until the takeover by the since disgraced and jailed corrupt globalist felon Conrad Black – has failed so far in its duty as a key member of the Fourth Estate to report (a) the biggest official corruption case to come to Court in world history and (b) the biggest and most-far-reaching exposure of government and financial institution racketeering since the world began.

MI-6 ‘INTEND TO TAKE MR CHRISTOPHER STORY OUT’
At about 10.45pm on Sunday 7th March, the Editor was informed via a transatlantic phone call that the Editor’s correspondent had been informed by an ‘inside’ source directly connected with MI-9 (MI-6) that ‘MI-6 intend to ‘take Mr Story out’’. Apparently the intention was or is to prepare one or more ‘stings’ and traps, in the hope that the Editor will fall into them, as happened once or twice before (given that, since these people only ‘do’ deception, it is almost impossible to avoid being deceived at some stage: except that the longer they drag out their cynical games, the easier it becomes to read their criminal minds and the unchanging techniques they use (the devil isn’t a great inventor)): so the deeper the discernment one eventually acquires, and the less chance do they have of pulling off a targeted dirty trick, as intended.

The Editor enquired why this evil intent should have surfaced at this late stage in the racketeering exposure proceedings: to which the answer was: ‘They want to move on by fixing things below the radar, they are furious that you have so much information, and they want to make sure you don’t publicise the outcome, especially concerning the Dollar Refunding which they have resisted so hard, when it happens’. To which the Editor responded words to the following effect: ‘Well, a gentleman’s word is his bond. They can walk across the bridge and ring our office doorbell’.

‘They wouldn’t do that. They’d sting you instead’.

Quite right: they can’t do that now, as they have squandered so many resources trying to entrap and trip the Editor up, that a ‘gentlemanly approach’ wouldn’t work now. It would probably have worked back in 2002: but not now. If you have been deceived and abused already by your own (let alone the hideous, criminalised American) intelligence services, you aren’t likely to succumb to such a ‘gentlemanly approach’. They burned their boats.

• Not very clever: but then again, as we’ve seen, these people are extraordinarily STUPID.

BRITISH INTELLIGENCE APPEARS TO BE BEHAVING TREACHEROUSLY, AS USUAL
Anyway, thanks for the heads-up – reiterated, by the way, by the faux-demented DVD ‘Black’ Psy-Ops voice who’s being paid to plague us daily since the completion of the Leo Wanta ‘switch’ in February 2008 (as revisited briefly above). So, what we have is the following devilish equation:

(1): The Editor of this service is a patriotic supporter of the nation state, is exactly what he says he is and has been for decades [see our testimonials], is viscerally opposed to the pagan, decadent, debauched World Revolution and its filthy ‘Black’ social and geopolitical detritus which is such a menace to civilisation, is a loyal subject of Her Majesty the Queen (with no other such connections whatsoever), believes (whether you like it or not) that Jesus Christ is the Lord, and is come in the flesh, and has stood up forcefully (because we have no choice, not because of any courage) to the abominations, abuses, verbal abuse and agitprop tirades, betrayals, successive threats (including seven death threats), innumerable lies and attempted ‘stings’, and the cynical exploitation by Mr Wanta of the Editor’s integrity and expertise; and has nevertheless sought to expose elements of the officially perpetrated and condoned racketeering and embezzlement of US taxpayers’ funds, and the myriad other Fraudulent Finance atrocities perpetrated with impunity under five self-acknowledged criminal Presidents of the United States.

(2): In exchange for which, conniving British intelligence cadres, according to the US ‘insider’ source whose identity is known to the Editor, are actively seeking ‘as we speak’ to ‘take Story out’ and to try, once again – à la Gordon Thomas – to discredit him.

This is to be the Editor’s reward for the serial abuse, deceit, lies, attempted ‘stings’, deceptions and other pathetic, underhand travesties, that the Editor has suffered in recent years in exposing these crimes. And these abuses, by the way, are AS NOTHING compared to what others, especially Michael C. Cottrell, have suffered at the hands of these serial thieves, racketeers and reprobate operatives over a much longer period of time.

• The Editor personally sent emails last week giving details of the CMKM/CMKX case to 14 well-known newspapers in India, Pakistan, China, Hong Kong, Malaysia and The Philippines, with the coordinates of Mr Hodges so that their journalists could check everything with the source. At the time of this posting, there had been no response.

‘MAINSTREAM’ NEWSPAPERS REVEALING THEMSELVES
TO BE CO-CONSPIRATORS IN COVERING UP THE RACKETEERING
None of this surprises us, given the above, nor does it even suggest that the Dark Forces are not in the process of being defeated. On the contrary, by cow-towing to their criminalised governments and intelligence communities, these newspapers are just allowing themselves to be tarred with the same Black Racketeering Brush that has covered the known official and financial criminalists with sticky black gunge that runs down into the sewer.

All that these media outlets are doing by ignoring these investigations is to confirm that they, too, are parties to, minded to be in favour of, and doubtless in many cases participants in, the familiar Fraudulent Finance racketeering practices that the perpetrators are trying in vain to cover up. In some US cases (known to this service), key media outlets are recipients of giant bribes paid out specifically in order to prevent them from covering these investigations.

We haven’t yet revealed the identities of the US news media concerned; but if there exists such a phenomenon as an honest journalist working for any of them, we would remind such persons of the basic reality that the bribee is actually in a stronger position than the distributor of the bribe – who won’t want to be exposed.

His bribe is presumably held in place by threats of lethal consequences, or blackmail: but these implied or actual threats are usually empty and cannot be fulfilled without entangling the source of the bribe in a cauldron of problems arising from his iniquity that he would wish to avoid.

WHY CONFINING EXPOSURES TO THIS WEBSITE HAS BEEN
COUNTERPRODUCTIVE FROM THE RACKETEERS’ PERSPECTIVE
And by adopting the strategy of trying to confine these exposures of official and financial sector racketeering to this website (even though some indications of broader coverage, with which we are associated, are ‘in the pipeline’), the US cover-up cadres have managed (counterproductively, from their disoriented perspective) to contrive that a reasonably consistent corpus of information has emerged into the public domain, as well as being captured for posterity and current research in successive issues of International Currency Review, which has official, central bank, institutional and library subscribers throughout the world – thereby precluding any possibility of the heirs of the perpetrators rewriting history so as to ‘airbrush’ this financial racketeering out of the record.

OUR EXPOSURE MODUS OPERANDI: ‘WALKING IN A STRAIGHT LINE’
Proceeding now to our modus operandi, we reiterate that our method is the straightforward one of ‘walking in a straight line’. Unlike your agents of influence and disinformation outlets – including notorious website peddlers of ‘Black Propaganda’, lies and confusion operating under Intelligence Power instructions to maximise the potential of the ‘Black’ fog of disinformation for the purpose of covering up the racketeering – our method, having done our due diligence to the extent possible, is to publish what we have learned either directly or else covered by a necessary ‘to the best of our knowledge and belief’ caution.

When we obtain information which can only be forthcoming from ‘inside’ and, very often, from dissident and double-crossed intelligence sources (because these people are always bitterly at loggerheads internally), we may publish such information ‘straight’ with no qualifications at all.

An example of this was our revelation that the late former Governor of the Bank of England, Lord ‘Eddie’ George, had been arrested and briefly jailed in July 2007. We have only recently learned, and publicised, WHY Lord George was arrested.

Lord George was seized because of his rôle in aiding, abetting and facilitating, with the criminal operative Dr Alan Greenspan, the stealing/diversion of The Queen’s gold on 29th-30th March 2007, as we reported six weeks or so later. Lord George, who died in April 2009, was instrumental in exchanging the gold for worthless pieces of ‘derivatives’ paper.

QUEEN’S GOLD THEFT STILL NOT RECTIFIED:
SO, KICK THE U.S. AMBASSADOR OUT OF LONDON
That operation represented the Bush-CIA-DVD’s biggest theft ever; AND IT STILL HASN’T BEEN RECTIFIED. If UK Governments consisted of people with conviction, knowledge and backbone, instead of the usual blackmailed, compromised and controlled psychological cases with dirty intelligence backgrounds, the American Ambassador should be ordered out of Britain, with his Embassy peremptorily closed sine die – until such time as this unspeakable assault has been resolved. When we mentioned this demand, which we first made in the summer of 2007, to a US contact, she said: ‘That’s precisely what the pan-Germans and the covert Soviets want’.

• To which our response is: SO WHAT?

If Lord George had even contemplated instructing his solicitors to try to obtain a retraction from us, he would immediately have been told advised nothing could be done because Christopher Story’s information was accurate (even though it was obtained from secret sources), and that Lord George couldn’t know what back-up information Mr Story held in support of his revelations.

In any case, to challenge such a report would certainly have embroiled the former Governor of the Bank of England in a dangerous encounter. Far better to assume that the sensational report would remain ‘buried’ in International Currency Review, and also covered by the Gordon Thomas MI-6 ‘blanket false witness’ lies about the Editor to the gullible so-called ‘mainstream’ media.

STEALING OF $4.2 TRILLION TAX MONEY ON 31ST DECEMBER 2009
STILL NOT RECTIFIED: SO MASSIVE CRIMES HAVE BEEN COMMITTED
Likewise, when we reported that the tax on the Settlements monies had indeed been subtracted effective 31st December 2009, we had obtained hard information to that effect, backing up ‘inside’ information provided via impeccably reliable sources. Specifically, we received an email at 20:24 UK time, on 1st January 2010, from a key figure involved in the Settlements (said by key US ‘inside’ sources, who may have been lying to our contacts, to be briefed to pay off corrupt US politicians) who was in almost daily contact with us by email under a pseudonym for over two and a half years, stating that: ‘sources here [in Dallas] and in Europe told me my taxes were taken off the top on or before 12/31 in order for them to be credited into Fiscal 2009. I got that word Wednesday 12/30/09’.

Since these taxes have not been restored to the Settlements funds which had not been paid out by the 45-day deadline of 14th February (by which date the funds from which the taxes had been taken should by law have been remitted):

• WHERE IS THAT TAX MONEY?

• WAS IT STOLEN AND IF SO, WHO STOLE IT, MR GEITHNER?

• WAS IT PLACED OUT ON CONTRACT, after $100 billion had been siphoned off into the hands of a well-known US false religion as we have reported, and if so, who is or was the foreign corrupt counterparty? Brazil? Zimbabwe? Denmark? Deutsche Bank, Frankfurt?

China Trust Bank? Barclays Bank?

• WHO are the foreign counterparties that have collaborated with the criminals in the White House, the US Treasury, the State Department and the CIA to STEAL over $4.0 trillion from the account of the US taxpayer, and imagine that there will be no ‘consequences’?

Of course, the problem that the official racketeers faced was that the tax accruals ‘could not be placed into the taxpayers’ accounts’ – because, suddenly, the $4.5 trillions squandered by the current reckless Obama Government would have been restored overnight – raising questions about SOURCE OF FUNDS. Ah, so THAT’s why there’s been a blackout across the board of these exposures and investigations, is it? Well, no: as will be shown, it’s much worse than that.

• They couldn’t pay the tax monies into the taxpayers’ accounts: so they just STOLE IT, which was what they always intended to do, anyway.

• Keep asking yourself basic questions like: WOULD THEY STEAL IT? THE ANSWER TO SUCH BASIC QUESTIONS CONCERNING THESE DESPERATE CRIMINALS IS: SURE. NATURLICH.

As can be seen from Mr Hodges’ letter to the Office of the New York State Attorney General [see our report dated 2nd March 2010], we know [and in any case, see above] that these tax monies were not ‘replaced’ back into the Settlements pool – as a consequence of which the perpetrators now face extremely severe criminal sanctions, as Mr Hodges has pointed out to Andrew Cuomo’s office when demanding an investigation, given that some of the main perpetrators, and many of his own client CMKM/CMKX victims (whose monies appear to be tied up with the Settlements funds) are resident in the State of New York [See Note 3].

How is it possible that this grievous official criminality and blatant racketeering has continued, notwithstanding these exposures (albeit in the context of the complicit and cowardly failure of the Fourth Estate to do its job properly)?

FISH ROTS FROM THE STINKING HEAD: WORLD COURT IMMUNITY DEMANDED
AND SCANDALOUSLY OBTAINED BY THE COLLECTIVE OF CORRUPT U.S. PRESIDENTS
The starting point here will be to remind you that FISH ROTS FROM THE HEAD and that we have reported that in or around September 2009, five US Presidents – Carter (39), Bush Senior (41), Clinton (42), Bush Junior (43) and Obama (44) DEMANDED IMMUNITY FROM PROSECUTION from the World Court. This immunity was, we were told, GRANTED – in a disgraceful abuse of power by the World Court, which appears to have caved in to Mr Obama’s DEMAND on behalf of himself and his four criminal predecessors.

As we can see from this episode, President Obama has been in lock-step with these four criminal predecessors – which eliminates all residual (courtesy) expectations that he might have had the guts to stand up to these racketeers. That would, however, have been impossible – since this operative, whatever his background, is of course a placeman and a puppet of the controlling criminalised US Intelligence Power.

We can thus state without fear of contradiction on the basis of the foregoing information that the five US Presidents openly acknowledge that THEY ARE CRIMINALS. If you are not a criminal, you do not need immunity from prosecution. These operatives, working together as a PRESIDENTIAL COLLECTIVE, demanded and received the immunity from prosecution that they sought.

That of course means that the World Court which sustains the figleaf of legality at the corrupted intergovernmental level (where in fact the Rule of Law does not operate properly or at all, or can be non-existent) is COMPLICIT IN LETTING ALL THESE CRIMINALS OFF THE HOOK – in other words, condones criminality at the highest level, irrespective of the consequences (which in this context includes destroying the lives, savings, hopes and physical assets of hundreds of thousands and probably millions of victims).

In translation, the World Court appears to regard its job as DEFENDING RACKETEERS IN HIGH PLACES – not to sustain the Rule of Law at the intergovernmental level without fear or favour.

GORBACHEV MANIPULATING DEVELOPMENTS FROM HIS WING IN THE KREMLIN. AS BEFORE
Behind this scandal of scandals, lies the deeper reality which we have publicised but which none of the ‘mainstream’ media has picked up on, and which, we are informed, is now of ‘no interest’ to the present generation. We refer to the PROVEN FACT that former President Mikhail Gorbachëv, who fronted ‘collapsible Communism’ for the benefit of the confused ‘mainstream media’ and strutted the stage for years thereafter (and indeed continues to do so, to this day), collaborated AND STILL COLLABORATES with the Black Godfather of the criminally penetrated US Intelligence Power, the Langley base of which is labelled the George Bush Center for Intelligence.

GORBACHEV, BUSH, KOHL, ACKERMANN: RACKETEERING PARTNERS IN DEUTSCHE AG.
Specifically, as we have exclusively reported, Gorbachëv is a partner with George H. W. Bush Sr. and Dr Helmut Kohl, the former Chancellor of Germany, together with Dr Joseph Ackermann, in Deutsche AG., formerly Barrington Investment Group, St. Gallen, Switzerland, which handles the illegal proceeds of racketeering operations – as was the case with the proceeds derived from the stealing of a contract belonging to Mr Michael C. Cottrell, B.A., M.S., and which was facilitated by the ‘electronic stealing and forging’ of Mr Cottrell’s signature. The background detail to these crimes is re-presented herewith:

• Former President Mikhail S. Gorbachev, working with former US President George H. W. Bush Sr., former German Chancellor Dr Helmut Kohl and Dr Joseph Ackermann, all partners in Deutsche AG (formerly Barrington Investment Group), Switzerland, stole a contract using the electronic tag to the securities account owned by Mr Michael C. Cottrell’s Pennsylvania Investments, Inc., with Benchmark Securities, Inc., 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.

• 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 from huge proceeds from the theft of The Queen’s gold, which, we were specifically informed at 1.15 am by telephone on 4th February 2010, have likewise been channelled through Deutsche AG, St Gallen, Switzerland.

• As of 10th March 2010, The Queen’s gold had not been restored.

• The proceeds of innumerable corrupt transactions involving Gorbachëv, Bush Sr., Kohl and Ackermann 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 systematically 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 (separate) ‘Swedish’ opera singer, and other dirty 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 the guardian in Germany of George H W Bush Sr.’s stolen and exploited racketeering assets with German instituti