GERMAN ARRESTS MASK MAJOR BUSH SYNDICATE BUST

cropped-chrisstory

BLOOMBERG REPORTS SURFACE ARREST DATA INTO THE ‘MAINSTREAM’

Friday 30 October 2009 02:30

• THIS REPORT HAS BEEN EXTENSIVELY EXPANDED AND UPDATED:

• AND THE IN MEMORIAM AND HORIZONTALISATION NEWS REPORT HAS HAD TO BE UPDATED
[30TH OCTOBER 09] TO INCLUDE THE SUDDEN DEATH OF HOUSTON LAWYER JOHN O’QUINN:

• NEW UPDATE: WHICH OCCURRED LESS THAN A STONE’S THROW FROM THE U.S. SECRET SERVICE OFFICE LOCATED AT 1801 ALLEN PARKWAY, HOUSTON, TX 77019-2508: TEL: (713) 868 2299: VIZ, THE UNITED STATES GOVERNMENT SECRET SERVICE: LOCAL FIELD OFFICE. THE CRASH OCCURRED ‘IN THE 1900 BLOCK OF THE ALLEN PARKWAY’ ACCORDING TO THE HOUSTON CHRONICLE. MODERN VEHICLES CAN BE DESTABILISED REMOTELY.

• OBAMA’S UPCOMING SCHEDULE:
As promulgated by White House Press Secretary Robert Gibbs on C-SPAN 30th October 2009:

(1) Tuesday morning, 3rd November: German Chancellor Angela Merkel at White House.

(2) Tuesday afternoon, ditto: The following visitors of crucial importance at White House:

• President of the European Union du jour, Swedish Prime Minister Reinfeld.
• President of the European Commission, Jose Manuel Barroso.
• European Union ‘High Representative’ Xavier Solana.

(3) To Madison, Wisconsin. Cover story: ‘To discuss ‘strengthening of America’s education system’.
Actual story: Probably in order to procure a certain signature obtainable not a thousand miles from Eau Claire. The signature will probably be required in the context of a Directive. The original 12333 instructions given at the highest level have to be RESCINDED at the highest level. Diversionary, out-of-date obfuscation ‘lines’ on this subject have surfaced since we inserted the above.

SEE THIS REPORT FOR FURTHER AND BETTER PARTICULARS…

• A summary of the Editor’s speech in London on 31st October exposing European Commission fraud and corruption is appended below in the slot announcing the speech, originally mentioned.

• VERY SATISFACTORY ATTACKS ON THE EDITOR OF THIS SERVICE: We understand from loyal and kind correspondents that the Editor has been attacked on a notorious controlled confusion- and disinformation-mongering US website today, 1st November 2009. This is highly satisfactory, for the following self-evident reason: If what we have published were of no relevance or importance, the disinformation cadres concerned would not have considered it worthwhile to make further fools of themselves by such behaviour. As matters stand, however, those who are not yet irredeemably brainwashed or sitting on their brains will have recognised that what we have to say is accurate, not least because if that were not the case our observations would have been disregarded.

We also understand that the disreputable website concerned has failed to address the specifics of the Editor’s observations concerning ‘the packages’, concentrating instead on indulging in verbal abuse against the Editor. Shooting the messenger instead of dealing with the issues raised is of course the standard indication that the abuser has no substantive answer to the issues at all. He therefore resorts to verbal abuse in order to cover up the fact that he has been hit by an Exocet.

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’.

• GERMAN ARRESTS AND THE ‘PUBLIC CONSUMPTION’ EXPLANATION FOR THEM

• TRANSLATION: A MAJOR ‘BUST’ OF THE BUSH-41 MONEY-LAUNDERING NEXUS

• MERKEL RESPONDS BY NIXING BLAIR AS PROSPECTIVE PRESIDENT OF HER EMPIRE

• CAREFULLY-TIMED ‘LEAKED’ EXPOSURE OF ABOUT 30+ U.S. LEGISLATORS

• UNPALATABLE COMMON SENSE ABOUT ‘THE PACKAGES’

• IN MEMORIAM AND HORIZONTALISATION NEWS LISTINGS UPDATED

• INDUCED ‘HEART ATTACK’ ASSASSINATION METHOD

• CONFUSION-MONGERING MK-ULTRA AGITPROP WEBSITES LISTING UPDATED

• NEUTRALISATION OF OUR ASSOCIATE’S COMPUTER AFTER VIEWING RUMORMILLS.COM

• AN AGENT FOR THE WEBSITE ‘EXPLAINS’. UNFORTUNATELY, HER ARGUMENTS ARE FALSE

• WHICH BRINGS US FINALLY TO FULFORD’S ‘BLACK PROPAGANDA’ FULMINATIONS

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

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

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

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

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

GERMAN ARRESTS AND THE ‘PUBLIC CONSUMPTION’ EXPLANATION FOR THEM
On 28th October 2009, Bloomberg reported inter alia that Helmut Kiener, 50, founder of the K1 Group Hedge Fund, was arrested. On 29th October, Bloomberg reported that a spokesman for prosecutors in Wuerzberg, Germany, said that under a Court ruling, Kiener must remain in custody.

We’ll deal with the ‘public consumption’ version first. According to Bloomberg News, this arrest is associated with an international criminal investigation ‘after saddling banks, including Barclays Plc, JPMorganChase, BNP Paribas SA and Societe Generale SA, with about $400 million of losses’. The reports stated that ‘authorities are examining whether K1, which manages funds of hedge funds, deceived the banks when borrowing money to ratchet up investments’ according to sources ‘who declined to be identified because the investigation isn’t public’ [sic].

The Bloomberg News report appeared to replicate the Bavarian newspaper Suddeutsche Zeitung’s report and that of Handelsblatt, which indicated that Barclays Plc. entrusted about $220 million to Keiner’s firm, while BNP provided about $60 million. ‘Keiner arranged for money from Barclays to be invested in a network of funds and entities in the Cayman Islands, Switzerland and the United States… At least $100 million was routed to a pair of British Virgin Islands-based K1 funds’.

Dietrich Geuder, the prosecutor’s office spokesman, has stated that ‘there are two suspects’ in the German probe, the second being a manager at a K1 firm, details of which were removed when K1’s German website was ‘taken down’ on 28th October.

Supposedly, the investigation centres on allegations that the K1 firm(s) may have breached investment agreement guidelines with British and French banks.

The reports also revealed that the offices of Treukapital Treuhandverwalting AG of Goeschenen, Switzerland, which handles administration for K1, including the back-office assistance involving accounting for investor transactions with the fund, were searched on 28th October. Investigators are also reported to be looking into the K1 Global Sub Trust, registered in the Caribbean.

Separately, The Miami Herald reported on 29th October that Stefan R Seuss, a German financial manager operating in Miami, was arrested at his Coconut Grove home by FBI agents; and after appearing in Federal Court in Miami, agreed to be transferred to Philadelphia, where a Grand Jury has indicted him in a money laundering conspiracy case. Seuss has been charged in connection with what The Miami Herald calls ‘a global criminal investigation into the German hedge Fund, K1 Group headed by Helmut Keiner, arrested in Germany’ [see above].

The Miami newspaper elaborated:

‘Keiner’s hedge fund is suspected of engaging in ‘circular transactions’ with a network of investment firms in the United States, the United Kingdom and other countries to create the ‘illusion’ that it had ample money to back up’ loans from banks.

The relevant indictment, cited by The Miami Herald, stated that Seuss specialised in transferring money from the United States to offshore companies in the British Virgin Islands and elsewhere, and then to foreign bank accounts… Seuss was associated with various financial institutions, including Wegelin Bank in Switzerland.

His investors’ funds were placed in life insurance annuities offered by an associate of Seuss, Thomas R. Meyer, a US citizen and German nation (dual citizenship) based in Omaha, Nebraska.

The original main reports containing this information can be accessed here:

http://www.miamiherald.com/103/story/1305438.html?storylink=omni_popular

http://www.bloomberg.com/apps/news?pid=newsarchive&;sid=arF4rW9G1Ot8

TRANSLATION: A MAJOR ‘BUST’ OF THE BUSH-41 MONEY-LAUNDERING NEXUS
The arrested and mentioned perpetrators cited in these skeletal reports ARE ALL GERMAN.

• FURTHERMORE, our sources stress that the K1 operation was linked to the Madoff giga-Ponzi carousel and was engaged in diverting inter alia Madoff monies (i.e. funds diverted and stolen from Madoff’s Ponzi victims) into the hands of DEUTSCHE BANK AND DRESDNER BANK, consistently with its role in laundering funds from the George H. W. Bush Sr. Fraudulent Finance Syndicate to Germany, where Frau Merkel stood and stands guard over Bush Sr.s’ crumbling corrupt interests.

The ‘mainstream’ media haven’t caught up with this reality yet. But they will, they will. They will be FORCED by the ‘unfolding of events’ to recognise the accuracy and relevance of what we have been exposing all along. This will be bitter medicine for many. But they chose to oppose and to obfuscate the truth. Therefore, now that the unravelling has gathered such momentum, they are due NO MERCY in the sense that all sources that have connived in concealing this criminality are in breach of the Misprision of Felony Statute [see above] and are de facto co-conspirators and accessories to the fact of this open-ended corruption which is being confronted AND OVERCOME.

• We are witnessing, as anticipated, the progressive DISMANTLING of the Bush-DVD Syndicate global money-laundering apparat, by means of the rather useful method called ‘salami tactics’.

• The DVD-Dachau BUSH snakepit is under seige and these ‘mainstream’ stories, which of course back up our exposures, however ‘late in the day’, indicate that reality is now catching up with these criminal operatives and their corrupted banking and financial sector associates faster than they can say ‘Guten Tag’ and ‘Telefon’ without a ph.

As previously indicated, arrests have been taking place. However the ‘mainstream’ media has not reported them because it is not doing its job properly, given the huge bribes that have been taken by certain well-known news organisations to ‘sit on’ the biggest financial corruption story in world history. Unfortunately for the Syndicate and its banking and financial sector co-conspirators, the Grand Juries that have been going about their proper business as noted earlier, are doing their job in accordance with the reality that the official system ‘grinds slowly, but grinds to dust’.

The foregoing ‘mainstream’ information references a fraction of what has been going on behind the scenes and confirms that, ultimately, the lid CANNOT be kept screwed down on the cauldron. It is interesting, is it not, that the controlled websites that are engaged not in disseminating information but in maximising the fog of confusion, have not seen fit to identify these ‘mainstream’ reports as reflecting the relentless pressure that is being exerted on the criminalist German Fifth Column as its endless crimes are exposed, leading progressively to arrests and the deepening of the purge.

• In other words, the controlled confusion-mongering, disinformation websites have been ‘looking the other way’ even as the Bush-Clinton-DVD Crime Syndidate which they purport to hate with such a vengeance is IN THE PROCESS OF BEING BUSTED BEFORE OUR EYES: to such an extent, in fact, that even the slumbering ‘mainstream’ media is HAVING TO REPORT these developments, albeit without of course placing what is happening in THE CONTEXT OF THESE EXPOSURES.

The following is an ACCURATE statement, based upon information that we have known for months now: the investigations and enforcement procedures that are spearheading the purge are related to and consistent with the investigations and exposures carried out by this service.

MERKEL RESPONDS BY NIXING BLAIR AS PROSPECTIVE PRESIDENT OF HER EMPIRE
Not surprisingly, Frau Angela Merkel (who served, you will recall, as Secretary of the Agitation and Propaganda Department of the Young Communists at Marx-Lenin University in East Berlin in her youth, marking her out as a STASI operative) has ‘let it be known’ that Mr Anthony Blair (that’s right, the man with ‘blood on his hands’) would not be an appropriate President of the European Union (Council). Yet three days ago, the Tony-Blair-for-President campaign, supported by the UK Prime Minister, Gordon Brown, was in full throttle.

Today, The Financial Times and the other controlled, sycophantic ‘mainstream’ outlets that have been pushing this idiocy, are covered with egg and rotten tomatoes, not only because ratification of the EU’s LIsbon Treaty, which completes the long gradualist destruction of national sovereignty in accordance with pan-German long-range deception strategy, has not in fact been ratified (the Irish Referendum was rigged and electoral procedures were flouted), but also because those outlets never thought through what a Blair Presidency would mean. It would mean that this British crook would be permanently subjected to blackmail pressures (which was why he IS suitable!) and would bring the European Union even more deeply into disrepute than is already the case.

• Instead, Mr Blair is now having to confront the reality that, without his motorcade, limousines, colossal expense account, posh residence and luxurious accoutrements, the alternative that he may face, as soon as the diplomatic cover provided by his rustled-up job as some kind of Middle East envoy ceases to apply, is the rest of his life within the gloomy confines of Her Majesty’s Prison Service [which may mean that he now has an incentive NOT to help resolve Middle East conflicts].

• FACT: The Editor of this service delivered a speech on EUROPEAN UNION CORRUPTION on Saturday 31st October at the Constitutional Group meeting at 173 Euston Road, Central London [10.50 a.m.]. He focused on the fact that the European Commission’s accounts have been rejected for the past 14 years running by the EU’s Court of Auditors, and explained why, accordingly, the European Commission is a criminal enterprise. The Editor then cited a specific statement by a named official at the UK Serious Fraud Office confirming that it is a criminal offence for taxpayer monies to be remitted into the hands of a criminal enterprise. By extension, the UK Government is a knowing co-conspirator and accessory to the fact of criminal diversion of taxpayers’ funds into the hands of a criminal enterprise. This also applies to all the other EU so-called ‘Member States’.

The Editor then recommended that, BY WAY OF AN ADMINISTRATIVE ACTION, all UK VAT tax monies should be redirected into a special British Treasury account sine die. The Editor further pointed out that, although it would be a courtesy, there would be no need to inform Brussels in advance of such action taken unilaterally by the British Government.

When Brussels remonstrates, a formal explanation can be sent pointing out that Her Majesty’s Government have been advised that it is a criminal offence for tax monies to be paid into the hands of a criminal enterprise. Just as officials at the EU Court of Auditors, who by the way are headed by POLITICAL APPOINTEES, cannot sign the European Commission’s fraudulent accounts for fear of incriminating themselves, neither can British officials participate in the criminal fraud involved in transferring UK taxpayers’ funds into the hands of a criminal enterprise, now that this reality has been pointed out to them. If the British Government wanted to be ‘nice’ (not recommended), they could state that the European Commission has two years, say, to re-cast ALL its accounts going back 15 years to when the last set of approved accounts was agreed, to the unilateral satisfaction of the British authorities. The Editor then explained that this cannot happen, as the European Commission is engaged in the covering up of serial corruption and institutionalised fraud.

• This speech was very well received by the audience in the packed Friends House hall.

• CIA PENETRATED THE MEETING: Several CIA operatives were observed to circulate at this meeting. Two of them accosted the Editor, and the opening gambit of the most obvious of them was: ‘I’d like to interview you’. When the Editor asked for his name, he mumbled some convoluted and unintelligible foreign name. To preclude any possibility of entrapment, the Editor left after the lunch break. Clearly, the US Intelligence Power is watching the rapid growth of this grass-roots movement, no doubt with a view to developing a plan to cut it short as soon as it looks ‘dangerous’.

It is further understood that the operative referenced above demanded to be invited to speak at the Conference and also demanded that his expenses be paid by the organisers. Typical of the CIA. The organisers have been separately advised not to fall for this ruse next time.

CAREFULLY-TIMED ‘LEAKED’ EXPOSURE OF ABOUT 30+ U.S. LEGISLATORS
The Washington Post reports [30th October 2009] that US House of Representatives investigators have been scrutinising the activities of more than 30 legislators and several aides on Capitol Hill, according to a House Ethics Committee report dated last July which has apparently been LEAKED.

• Now WHY, would such a report be LEAKED at this particular juncture?

Uh, as The Washington Post reminds its readers, ‘The House Ethics Committee is one of the most secretive panels in Congress, and its members and staff sign oaths not to disclose any activities related to its past or present investigations. Watchdog groups have accused the Committee of not actively pursuing inquiries; the newly disclosed document indicates [that] the panel is conducting far more investigations than it had revealed’. Representative J Bonner (Alabama), the House Ethics Committee’s Ranking Republican, said the breach was an ‘isolated incident’.

‘But an ‘isolated incident’ timed perfectly to exert the maximum pressure upon the THIRTY OR SO Members of Congress believed to have been BLOCKING THE SETTLEMENTS PROCESS.

• And timed to surface just when the results of US Grand Jury and other ongoing investigations are reportedly yielding DECISIVE RESULTS, as for instance in the GERMAN ARRESTS CONTEXT.

UNPALATABLE COMMON SENSE ABOUT ‘THE PACKAGES’
If the so-called ‘packages’ contain(ed) REAL MONEY, President Obama would have seized their contents and the funds therein would have been stolen and used as platform fodder for leveraged off-balance sheet trading, or for financing bits of the so-called ‘Stimulus Programme’, which has stalled because the money allocated for it has evidently been stolen or diverted.

So, since the ‘packages’ cannot contain real money [see above], what else would they be liable to contain, if anything? Answer: derivative ‘assets’, which have no value, as under the Basel-II norms, these have to be on-balance sheet, which cannot be done because of (a) the way the new system is being funded (based); and (b) crucial ‘source of funds’ questions, given that the ‘source of funds’ of derivatives is FRAUDULENT, not only because these ‘structured products’ have NO RECOURSE to any real underlying cashflow, but also because of the high incidence of fraudulent origination of the underlying assets to which the later holder(s) have no recourse anyway.

So what the ‘packages’ almost certainly ‘contain’, if they contain anything at all (which they probably don’t), is a huge portfolio of LIABILITIES. Let’s pursue this logic to its conclusion:

IF SUCH A MASSIVE VOLUME OF PROSPECTIVE LIABILITIES were offered for settlement, even if they were convertible which cannot be the case under Basel-II for the reasons stated above, the entire system would implode, collapse, disintegrate, vaporise and self-liquidate.

• So, the agitation for the ‘packages’ to be delivered is a charade, a pipedream, a mad delusion.

If the ‘packages’ contain REAL MONEY, where’s the money? It would have been stolen by now, as indicated above. If the ‘packages’ contain REAL MONEY, then that’s a very well-kept secret: and given that according to ANONYMOUS SOURCES whose published statements have no credibility because their authors cannot be held to account for what they spiel, the ‘packages’ are all being shuttlecocked between the White House, the Supreme Court, Peking, the Moon, Mars, Saturn and the Milky Way, the only possible conclusion is that the abused 320,000 MANIFEST PONZI VICTIMS who have been ransacked and pillaged by the George Bush Sr.-DVD CORRUPTION APPARAT that is being ‘taken down’ in real-time ‘as we speak’, have been DELIBERATELY AND PERSISTENTLY FED LIES AND PAP, and kept in a state of Psy-Ops, MK-Ultra-style Pavlovian suspense (i.e. biscuit, no biscuit, walkees, no walkees, food, no food, truth, blatant lies, good bulldog, naughty bulldog) and confusion, so as to try to prevent these victims from (a) realising en masse that they have all been RANSACKED BY CRIMINALS WITHIN THE GOVERNMENT STRUCTURES AND BY THEIR CRIMINAL FINANCIAL CONMAN ASSOCIATES, and (b) reaching IN UNISON for the guns which Americans tend to keep in their attics and cupboards, and not just for decoration, either.

When the ‘packages’ supposedly surfaced recently in China, according to one legend, they were found to contain ‘nothing’. This was a fable, the purpose of which was to inform the victims of the truth of the matter. Because under Basel-II, and given the precise manner in which the reformed system is being funded (which we aren’t divulging: we CAN’T), any deviation from what is required would have MUCH MORE SEVERE CONSEQUENCES THAN AMERICANS APPEAR TO REALISE.

• By which we mean that further hanky-panky COULD LEAD STRAIGHT TO WORLD WAR.

• Because of the factor that we cannot responsibly divulge, we cannot elaborate any further.

We have hitherto refrained from mentioning the above: but now that matters have reached this deep stage of exposure and disintegration, it seems as good a moment as any to say what we think.

Sorry if the liars and deceivers don’t want to hear this. And of course we’re sorry for the victims.

IN MEMORIAM AND HORIZONTALISATION NEWS LISTINGS UPDATED
Don Harkins, the Editor and Publisher of The Idaho Observer, known personally to the Editor of this service, died aged 41 of ‘acute leukaemia’ on 19th September 2009. The initial report conveyed to us on 29th October was explicitly confirmed to the Editor by a very long-standing personal friend known to the Editor for many years, of the utmost integrity and reliability.

The circumstances surrounding this suspected MEDIA ASSASSINATION are still murky, and further details are being sought. This latest horizontalisation has been added to the In Memoriam Listing in our report dated 18th October.

• The repeatedly updated In Memoriam Listing is instantly accessible via our Archive. Note: Due to the pace of events, the grim Listing is preceded by an accumulation of updated information: so you need to scroll down to the Listing: it’s easily accessed as posted, but as the Listing unfortunately grows with the broadening of the purge, it will be updated and reposted as necessary.

Since the original posting of that report, the following further horizontalisations have been added. A few of these entries are not strictly ‘horizontalisations’, but all are ‘related;’ a few older instances have become apparent to us since the list was first compiled and reported:

• Campbell, Mark
• Finan, Modi
• Galeda, John
• Harkins, Don
• Hampton, Dr Timothy
• Jackson, Michael
• Levene, Nicholas
• Mahfouz, Sheikh Khalid Bin
• Mody, Ashoka
• Muhammad, John Allen
• Nakagawa, Soichi
• Palfrey, Deborah Jeane
• Picower, Jeffrey
• Polanski, Roman
• Russert, Tim
• Wasserstein, Bruce
• Wisniewski, Bianca

INDUCED ‘HEART ATTACK’ ASSASSINATION METHOD
The following information, referencing the ‘Venus ECCM [Electronic Counter-Countermeasures] Murder Technique’, is almost certainly ‘out of date’, but gives you an idea about how Satan in his manifestation evident in some cases of ‘sudden death syndrome’ by ‘heart attack’, operates. This assassination technique will give the victim a massive heart attack or stroke, or both, resulting in his death. Our sources elaborate, citing a semi-technical explanation, that this method is assumed to have been further ‘perfected’ in terms of accuracy and miniaturisation, for instance by using a decoy cell phone with an aim mechanism via internal camera cross hairs or internal penlight laser:

‘The standard method of assassination to provide a certified autopsy report of “death by natural causes” is the little EM beam “shooter” using the Venus ECCM technique – i.e., warping of its wavefront – to destroy the body’s control of its heartbeat. There are two basic sizes: One is about the size of a dime-store pocketbook, and has an effective range of something like 9 meters or so. The other is the size of a bazooka (shoulder-held rocket launcher) and its beam is effective at a range of about 60 meters or so. It also is often used with infrared sighting, to fire through a wall at a person (say, in a room on the second floor) by aiming at his infrared change and signature that can be detected outside the building’.

‘A person struck by this Venus-technique warped wavefront beam has a sudden interruption of all control of his heartbeat, and so his heart goes into instant, uncontrolled, and violent fibrillation. Exposure to the main beam for 10 seconds or more is almost certain to result in death of the individual, by a resulting massive heart failure, stroke, or both’.

SEPARATELY, an informed source advises that while this assassination method does kill by delivering ‘heart attack’ symptoms, it should be understood that this murder method leaves a ‘signature’ (or an extra ‘signature’) which is distinctly DIVERGENT FROM the signature of a ‘normal’ seizure/heart attack. Regular doctors and pathologists, of course, may not always be aware of this difference, as the nuance would presumably not be on their curriculum.

But even in the absence of definitive information describing the divergence, it is FACT that an induced ‘heart attack’ using the above satanic methodology, DOES yield a divergent ‘signature’: hence, in any such ‘sudden death’, such a divergent ‘signature’ should be looked for.

John Smith, the former UK Labour Party leader, who was (isn’t this interesting) succeeded by Tony Blair, appears to have died from such an attack. The same appears to have applied to Robin Cook, the former Labour Foreign Secretary. We stick this information in here in order to REMIND those who pay attention, that THERE IS NO STATUTE OF LIMITATIONS ON MURDER, in either Britain or the United States: a fact which will have profound significance as the unravelling continues.

CONTROLLED CONFUSION-MONGERING MK-ULTRA AGITPROP WEBSITES LISTING UPDATED
Separately, additional controlled websites have been added to the Listing of disinformation and confusion-mongering sites driven by the MK-Ultra New Age claptrap and agitation and propaganda cadres within the corrupted US Intelligence Power, published with our report dated 27th October. Many of the websites on the list can be traced back to Herndon, VA; Toronto, Canada; Houston, Texas; and La Habra and Mountain View, California, according to ‘expert’ sources.

Newly added to the list are:

• 911questions.com
• 911mysteries.com (a)
• 911weknow.com (a)
• global-elite.org (b)
• projectavalon.org (c)

Notes re the above: (a) It is reported to us that these websites are associated with one ‘Sofia Smallstorm’ (a.k.a. Sofia Shafquat, Sofia Shafoat), of Laguna Niguel, California. Our sources state that ‘she is a Mossad/ONI operative with connections to Bush 41’. (b) This website is registered under TUCOWS, Inc., known to be an intelligence-based IP organisation in Toronto, Canada; some of their IP addresses track back to Herndon, VA. This website is reported to us to ‘host a Google video… of a C-Span-2 lecture on ‘eugenics’ [Himmlerian ops.] by a Dr Edwin Brown, which stalled after ten minutes, causing my computer to freeze up completely, leaving just a blank white page’.

Finally, given the fact that the Sorcha Faal operation continues to disseminate reports beginning with ‘Rumours circulating in the Kremlin today’, it would appear either that some people can’t read, or that they specifically CHOOSE to be deceived: ‘If the blind lead the blind, both shall fall into the ditch’. In this case, the blind are not being led by people without the gift of sight: they are being led by an Office of Naval Intelligence operative based in Vienna, VA, and his Irish associate. We have exposed Sorcha Faal several times but it has made no difference – given that one of the signals indicating that one is dealing with an operative, which will be exposed in our forthcoming report on the methodology of US operatives, is that THEY DO NOT RESPOND NORMALLY, and pay little or no attention to external indicators, as they are working to a secret agenda that is not revealed to the intended target audience. So, we repeat the exposure of the Sorcha Faal deception that was again featured with the report dated 27th October 2009, just in case a few more prospective victims of this operation would care to avoid being deceived any further.

• The fact that some content of this ONI deception may occasionally appear to be plausible DOES NOT NEUTRALISE THE FACT THAT IT IS A CYNICAL U.S. AGITPROP OPERATION:

Perpetrated by: (1) Commander J. Forrest Sharpe, of Light in the Darkness Publications, Vienna, VA. Our US military and ‘special’ sources state that: ‘Sharpe is active duty submarine service fleet’, i.e. Office of Naval intelligence (ONI); (2) D. L. O’Huallachain, who covers for the Vatican.

These reports typically begin with the ignorant fantasy: ‘Rumors circulating in the Kremlin today’. As we have pointed out, the Kremlin doesn’t ‘DO’ rumours. Despite our exposures of this deception operation in the past, they have continued behaving as though they had never been exposed.

THE NEUTRALISATION OF OUR ASSOCIATE’S COMPUTER AFTER VIEWING RUMORMILLS.COM
In response to our earlier mention of this matter, and in the light of some ‘explanations’ from that website, it is hereby confirmed that the associate was viewing the article by Representative Ron Paul, that was posted on the site, on why the Federal Reserve should be audited. Our associate has confirmed that he was half way through reading the article when the entire computer was wiped and he was left with a plain white screen. He also reports serious problems arising from unwanted popups associated with the same website.

• It was not a problem with rumormills.com, as was suggested, but rather with rumormillnews.com.

AN AGENT FOR THE WEBSITE ‘EXPLAINS’. UNFORTUNATELY, HER ARGUMENTS ARE FALSE
Secondly, we have received an email from one of the agents on this website, who has been in touch with us before. This lady states, very politely, that: ‘I can vouch for the fact that RMN is NOT an Alphabet Agency Psy-Ops Government controlled operation’. Our response was and is this:

• Whether the website is or is not directly or knowingly so controlled is NOT the issue. On the contrary, if it is serving the purposes for which the controlled websites exist, then it is neither here nor there whether it is controlled, knows it is controlled, or isn’t controlled or doesn’t know it is controlled, or all of the above. This is because, far from enhancing the sum of understanding, this website ‘creates the cacophonous sound… as decidedly different opinions appear daily’.

• In other words, this source (and we have withheld the lady’s name and pseudonym: but if the Editor is challenged, WE WILL REVEAL THEM, obviously) OPENLY ADMITS HERE that this US website’s product is a ‘cacophonous sound’.

• FACT: Cacophony, from the Greek, means ‘BAD’ or ‘EVIL’ ‘NOISE’.

• So the website is HAPPY to be the wanton purveyor of EVIL NOISE?

• In what way could EVIL NOISE contribute to EVER GREATER UNDERSTANDING OF COMPLEX ISSUES, especially in an environment that is characterised by CONTROLLED LIES, DIVERSIONARY PLOYS, NEW AGE CLAPTRAP, DELIBERATE AGITATION AND PROPAGANDA, and other familiar abominations with which American minds are being poisoned?

On the contrary, this model presupposes that the outcome WILL INDEED BE cacophany and open-ended confusion. WHO is the author of CONFUSION AND LIES? You should know the answer to that question, by now. Moreover, as the Editor of this service pointed out to this agent-lady in reply, the situation is actually MUCH WORSE than we’ve already described.

• This is because the deliberate, knowing dissemination of lies is a criminal offence.

Let’s rephrase this: The deliberate dissemination of falsehoods is a criminal offence. Distorting the perceptions of abused ordinary Americans by knowingly feeding them with such FABRICATED and poisonous Black Propaganda CANNOT EVER BE JUSTIFIED UNDER ANY CIRCUMSTANCES; and NO EXCUSES can be tolerated for such conduct. We have no doubt that it was never the intention of the agent lady in question to write to the Editor in support of criminal behaviour.

• A CLEAR DISTINCTION exists between a DELIBERATE FABRICATION knowingly disseminated in order specifically to mislead or deceive, and the inadvertent repetition or elaboration of inaccurate information which appears plausible. We have all been repeatedly lied to by cadres intent on the covering up of the Ponzi deceptions, serial thefts, Fraudulent Finance operations and associated murders, including the 9/11 mass murders. Despite due diligence, and the maximum use of one’s faculties and discernment, it is not always possible to sift out the lies: although the longer one has to address these deceptions, the more skilled does one tend to become in identifying them: there is indeed a ‘learning curve’. But what is inexcusable is the DELIBERATE, KNOWING dissemination of false information to mislead, say, the 320,000 Ponzi victims, impervious to their suffering and to the cynical manipulation of their hopes and fears; or blatant Black Propaganda with intent to abuse and insult the Head of State of the United Kingdom, who has served Great Britain selflessly with impeccable devotion to duty all the days of her life, as all informed people know to be the case.

WHICH BRINGS US FINALLY TO FULFORD’S ‘BLACK PROPAGANDA’ FULMINATIONS
As you would expect, we screen all our phone calls. This state of affairs arises inter alia from the fact that an MK-Ultra-type ‘Black’ harassment operation using a Washington, DC phone number, and an online presence with the capacity to alter its email send-from addresses instantaneously, and which indulges in obscene messages and ‘Black’ assertions to the effect that the whole world is going to be controlled by ‘Great Dark Lords’ for the next 13 millennia (note the geomasonic Number 13), has been leaving foul emssages on our voicemail since February 2008, which ‘just happens’ to be when we ceased to have anything to do with Wanta (Mr ‘Guten Tag’ or ‘Telefon’).

We also screen our calls to ensure that the Editor is not plagued by nuisance calls from any other mental defectives. Two days ago, a call was received on our London voicemail service from a Mr Fulford. It was noted and monitored. The Editor did not respond to Mr Fulford’s phone call. Fulford did NOT leave several phone messages: he left only ONE message.

We are not interested, self-evidently, in any ‘dialogue’ with this person, who has been engaged in the wanton, open-ended dissemination of Black Propaganda against Her Majesty The Queen. This operative is reported by rumormillsnews [see above] to have posted the following inter alia on 20th October 2009 [per that website]:

‘It seems I have upset the Queen of England with some of my
recent writings if the reactions of her bulldog Christopher Story are
anything to judge by. Although Story has said in the past his phone
number is listed and to please call him, he did not answer any of
several calls made to him nor did he call me back’.

While we do not normally waste time answering such fringe drivel, the first point here is that The Queen probably has no knowledge of any of this. Secondly, the Editor is not ‘her bulldog’ or anyone else’s bulldog, and in any case he prefers boxer dogs to bulldogs. They are more sloshy, dribbly and soft. Thirdly as noted above, the phone message received from this Fulford fellow was dated two days ago, NOT, as he suggests, earlier than 20th October. So much for this man’s accuracy.

More to the point, as Fulford’s FULMINATIONS contain rank disinformation and Black Propaganda, it is not the job of a responsible journalist to respond to such deliberately duplicitous provocations.

We have explained WHY this campaign was mounted. Those who STILL haven’t UNDERSTOOD that the worm has turned and the criminals are being defeated and ‘taken down’ as we speak [see this report, for instance] can by all means remain blinded by the fog of Black US Propaganda and hatred disseminated by irresponsible outlets and their sources, such as Fulford. Nor are any of Fulford’s convoluted ‘explanations’ either relevant or in any way interesting in view of what is ACTUALLY HAPPENING. They have NO BEARING on events at all, and they simply represent part of a desperate rearguard operation, which has failed, to try to regain the initiative so as to be able to continue the Fraudulent Finance operations which are being confronted, and STOPPED.

It is quite surprising that a so-called journalist reported by Tim Barello to have worked for Forbes has ‘lost it’ to such an extent that he can no longer distinguish notorious US Black Propaganda from fact. Too much sake, perhaps? We understand that too much sake can addle the brain.

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

LEGAL TUTORIAL: The Steps of Common Fraud:

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

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

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

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

Step 3: Theft by Deception and Fraudulent Conveyance:

THEFT BY DECEPTION:

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

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

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

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

FRAUDULENT CONVEYANCE:

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

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

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

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

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

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

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

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

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

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NON-U.S. INTERNET SECURITY SOLUTION CD AVAILABLE: FAR BETTER THAN NORTON ETC
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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.

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

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

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

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

*VISTA: Virtual Instant Surveillance Tactical Application.

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IN MEMORIAM AND HORIZONTALISATION NEWS UPDATE

cropped-chrisstory

ASSASSINATIONS CONNECTED WITH THE COVER-UP, CLEAN-UP, AND RESOLUTION

Sunday 18 October 2009 03:00

• UPDATE, 20th October 2009: See: OBAMA’S STRANGE BEHAVIOUR AT HOUSTON AIRPORT

THE QUEEN OPENS THE NEW BRITISH SUPREME COURT

BUSH SR. AND OBAMA ‘SIGNED A CONTRACT’ DURING THEIR TEXAS WHITEWASH-FEST

OBAMA’S ‘FUMIGATION’ OF GEORGE BUSH SR., AT TEXAS A & M UNIVERSITY

‘THE IMPACT THAT HE’S HAD’ IN WRECKING AND EXTINGUISHING MILLIONS OF LIVES

44 HAS NOW ALIGNED HIMSELF WITH 41, SO HE’S PERMANENTLY TAINTED AND SULLIED

DON’T FORGET: ALL FIVE U.S. PRESIDENTS HAVE ADMITTED THAT THEY ARE CRIMINALS

DIVERSIONARY COVER-UP DISINFORMATION TO MASK A MASSIVE DEFEAT FOR THE CROOKS

ALPHABETICAL LIST OF HORIZONTALISATION CASES ASSOCIATED WITH THIS CRISIS

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’.

• IT APPEARS THAT WANTON HYSTERIA HAS OVERTAKEN CERTAIN WEBSITES. READ!
We repeat: See: NASA Jet Propulsion Laboratory, California Institute of Technology website:
http://casper.jpl.nasa.gov: ‘CASPER (Continuous Activity Scheduling Planning Execution and Replanning) uses iterative repair to support continuous modification and updating of current working plan in light of changing operating content’. Model is applied to US Psy-Ops context.

•The statement on a website that ‘Chris Story is WORKING for the Queen’ is false. This service has been completely independent for 39 years, has no affiliations other than normal commercial and cooperative arms’-length arrangements, has no UK intelligence support whatsoever, was directly OPPOSED BY MI-6 as previously reported at great length both on this website and in our financial journal, and stands precisely by the text which appears at the foot of these reports. He has NO PROTECTION of which he is aware and is supported exclusively by the quest for the truth and by sustaining faith in Jesus Christ, a choice which is open to us all. None of the criticisms made by these operatives have any purchase, relevance or accuracy whatsoever; and nor can they ever be proven. There is no plot or ulterior motive other than CONTROLLED, PRODUCTIVE ANGER directed at those who subvert, confuse, contaminate and mislead the public of Britain and the United States, and operate as a Fifth Columm from within the structures of both countries.

The self-appointed ANONYMOUS liar who states the above cannot be held accountable for his lie since he is a coward who disguises his identity and cannot prove his statement because there is no proof, as the statement is false. This is well known among our subscribers, many of whom have been with us for decades or multiple years, and subscribe precisely because of our complete and well-known independence. Such inaccurate assertions are the product of idle and ignorant minds. The Editor has a very sharp pen: it’s deployed specifically where it NEEDS TO BE DEPLOYED, in the interests of our two nations alone, and for no other motive whatsoever. He is just as vulnerable as anyone else who’s fighting these hideous battles, to adverse, malicious consequences. As was previously mentioned, instead of promulgating lies, the liar in question has the option of phoning the Editor of this service to make any enquiry he or she likes. And as also previously mentioned, a tell-tale sign of an intent to deceive is the failure of such people to reach for the phone.

One is also entitled to deduce that those who may feel inclined to attack this Editor in the prevailing context support the record and behaviour of the US criminal operatives headed by George Bush Sr., thereby identifying their true allegiance and ‘blowing their own covers’.

THE QUEEN OPENS THE NEW BRITISH SUPREME COURT
On Friday 16th October, Her Majesty the Queen formally opened the new British Supreme Court opposite the Houses of Parliament and Westminster Abbey. Her Majesty, who was born in 1926 and was therefore aged 14 in 1940, looked radiant, as could be seen, for instance, in the coverage of that occasion published on page 18 of The Daily Telegraph. The new Supreme Court replaces the Law Lords, which have served the United Kingdom and many Commonwealth jurisdictions with great distinction for decades and centuries.

But it was felt that a less opaque system would be more appropriate: ‘Public, accessible, visible [and] situated in this square at the heart of our nation’s history over a millennium’, as the Justice Secretary, Jack Straw, once a Marxist agitator who has matured to become a patriotic figure of some distinction himself, told the guests.

UPDATE, 20th October 2009: OBAMA’S STRANGE BEHAVIOUR AT HOUSTON AIRPORT
The following has been confirmed first-hand by witnesses on the ground: ‘President’ Obama arrived on 16th October at Houston, TX, on Air Force One. Local dignitaries went out to greet him, as the plane was parking on the tarmac. A bright, shiny, new ‘state-of-the-art’ polished stairway was rolled up to Air Force One. In large letters on the side of the stairway the following Bush-slogan screamed at the cameras: ‘GEORGE BUSH INTERNATIONAL AIRPORT, HOUSTON, TEXAS’.

Our sources state that ‘President’ Obama erupted in a ‘petulant conniption hissy fit’ and ‘demanded a ‘politically correct’ stairway for him to be photographed on’. Whereupon frantic calls were sent out on all radio channels (to airport fire, police, etc), for a replacement stairway to be brought to the plane. In the course of time, an unused grungy, rusty red stairway, located at the back of a hanger used for maintenance, was dragged out and rushed into service, racing across ACTIVE runways (which had all been closed, however, in deference to Air Force One). The Prez then made his way down the grotty stairway and proceeded on his way to College Station.

• Comment: We know that this appears to ‘fly in the face of’ the detail published below, but you should remember AT ALL TIMES that these people are ALL DOUBLE-MINDED. They operate on two levels simultaneously, as previously discussed in these reports: indeed if you ever forget this fact, you’ll never understand ANYTHING. What would have been unacceptable splashed across the front page of every newspaper in the world, was acceptable, for some reason, at College Station.

BUSH SR. AND OBAMA ‘SIGNED A CONTRACT’ DURING THEIR TEXAS WHITEWASH-FEST
The repulsive spectacle of Obama buttering up George H. W. Bush Sr., the most relentless and ruthless financial criminal and mass murderer of our era, at Texas A & M University, in College Station, TX, on 17th October, may have everything to do with A SORDID FINANCIAL DEAL.

It was reported to us on that date, by VERY reliable US sources, that ‘there is a contract’. For a number of weeks it has been mooted that Bush Sr, was ‘asking for 2.5%’ (of WHAT AMOUNT was never explained): indeed this 2.5% cropped up much earlier in this filthy tale.

We understand in the light of certain developments which we absolutely CANNOT elaborate on, that this sordid deal MAY HAVE resulted in the immediate processing of transactions that were meant to be proceeding all last week until they suddenly stopped on Thursday 15th October 2009.

At the same time, the praise heaped by Obama on George Bush Sr. in Texas would appear (and this is speculation at this stage) to imply that President Obama may have been ‘cut in’, on condition that he proceeded immediately to whitewash Bush (who is badly in need of a new coat of paint in view of the fact that his reputation is so irretrievably embedded in the Houston sewerage facilities).

On the positive side, we can easily see, can we not, that by identifying and associating himself so openly with the most ruthless criminal alive today, Barack Obama is permanently tarnished and will suffer the same fate, in the fullness of time or sooner, that awaits the notorious US mass murderer, financial fraudster, con artist and orchestrator of decades of assaults on the financial assets of others, George Herbert Walker Deutsche Verteidigungs Dienst Bush.

If this interpretation is correct, then it can be deduced that Obama’s eyes were so greenback-coloured, that he will have been blinded to the longer-term consequences of this despicable compromise, which insults the intelligence not only of the American people, but of the Rest of the World, as well. We imagine that you will now be feeling as nauseous as the Editor of this service.

OBAMA’S ‘FUMIGATION’ OF GEORGE BUSH SR., AT TEXAS A & M UNIVERSITY
The ‘44th President’ of the United States, who presides over an ADMINISTRATION, not technically a Government at all, revealed, of course, his true colours when he poured gallons of disinfectant all over George Bush Sr., for public consumption.

Unlike certain uncouth counterintelligence mischief-makers, whose remit is to try to destabilise the British Monarchical Power (not happening) in general, and to demoralise and discredit the Editor of this service so that exposures of the immense cover-up and the 9/11 mass murders go nowhere, in particular (not happening), this Editor is on record as having extended to Barack Hussein Obama the appropriate courtesies during the run-up to his Inauguration, because that was the proper and polite, civilised etiquette and the right thing to do.

But the ‘44th President’ of the United States took the opportunity in Texas not only to douse the most ruthless organised crime ruffian, thief, murderer and godfather in US history with gallons of ineffective disinfectant, but also to reveal his true, underlying allegiance to the godless, ‘Black’ geomasonic ‘Dark Forces’ represented by G. Bush Sr., and exposed inter alia in the Editor’s 2007 book The New Underworld Order. He did so while at the same time ‘taking advantage’ of the formal context of the occasion: a ‘forum on public service’.

Referencing Bush Sr.’s ‘thousand points of light’ Masonic-Illuminati metaphor in his Inauguration speech in 1989, a clear indicator to ‘the interested’ as well as to those whose eyes are opened, as to where his true allegiance lies, Obama focused, in praising Bush Sr., on his (Obama’s) pet theme of ‘volunteerism’; but the overall intent was also to heap praise on the 85-year-old godfather, to the skies. ‘Twenty years later, think for a minute about the impact that he’s had’ (referring to George H. W. D. V. D. Bush), gushed the ’44th President’ of the United States.

‘THE IMPACT THAT HE’S HAD’ IN WRECKING AND EXTINGUISHING MILLIONS OF LIVES
Okay, let’s think for a minute about the impact that Bush Sr. has had on millions of lives and what George Bush Sr.’s interpretation of ‘public service’ actually means in practice: bearing in mind that these people are ALL double-minded, which means that they do the opposite to what they say, or vice versa, and speak out of both sides of their mouths at all times. In Bush Sr.’s case, for ‘public service’, read inter alia, a lifetime of ruthless, relentless and murderous ‘private self-enrichment’, invariably at the expense of others, both at home and abroad, embracing:

• At least 320,000 individuals and family members scammed, impoverished, ransacked and pillaged in massive Bush-related Ponzi schemes, with many family members dying or made terminally ill in despair at the wreckage inflicted by this crook and his crony associates on their lives.

• Parallel financial devastation inflicted on his fellow Jews via the colossal Bush-related Madoff nexus of interwoven Ponzi scams, fed wittingly or unwittingly by ‘feeder funds’ and gullible targets in the United States and abroad, with no concern for the consequences of a discontinuity such as duly occurred on 10th-12th September 2008.

• The entire Intelligence Power based in part at the George Bush Center for Intelligence corrupted and converted into a rampaging, sycophantic worldwide money-making engine jumping to attention at Bush Sr.’s every word, subject to no checks and balances, a State within the State, unreformed, arrogant, ruthless, reprobate, without mercy, and riddled with sterile MK-Ultra-type pagan New Age mental poison which it systematically spews out both at home and abroad.

• A banking and insurance system corrupted by the Fraudulent Finance model which was originally developed within the Intelligence Power’s structures; a system that is now equally recalcitrant and subject to few real checks and balances, acting as a speculative parasite on society and the real economy, working to its own agenda, and engaged purely in unproductive self-enrichment, with a cynical attitude towards ordinary Americans, as well as being prone to stealing or blocking their assets whenever opportunities to do so arise, and focused on ‘devouring widow’s houses’.

• A corrupted legal system subject to no real checks and balances, presided over by a Supreme Court which has reportedly become notorious the world over for its internal corruption, aided and abetted by lawyers who specialise in systematic, Tamudic ‘loopholism’, who charge through the nose at all times, and whose priorities lie not in serving their clients but, notoriously, in maximising the potential for money-making and dragging cases out to maximise their billability.

• A corrupt US- and offshore-based ‘hidden’ network of holding companies, trusts and entities, all controlled from Texas, which is and has been engaged in usurping, stealing, leveraging, exploiting and controlling oil and gas operations in Latin America, the Middle East, in Africa and elsewhere, financing death squads in Central America, Chile, Argentina and in many other parts of the world, and ‘Black’ operations such as the Colombian drug cadres, closing down and then manipulating oil reservoirs (Iraq, Iran, Libya) for opening up later, trading and invariably double-crossing high-level trading ‘partners’ (Slobodan Milosevic, Saddam Hussein); and after the ‘switch’ following the ‘bait’, mobilising the penetrated and brainwashed US Military Power to inflict mass death and destruction in merciless hypocritical retribution, resulting in at least two million deaths, injuries, and refugees in Afghanistan (to control the heroin trade) and the assaults on Iraq (to control energy resources).

What have names like Triton Trust, Triton Energy Inc. (Delaware), Worldwide Services, Wilton Trust, UBS Trustee, Simpson Private, Mountain Trust, State Street (Cayman), Seven Seas, the Saab Family entities, Lee Financial, Li Ka-Shing, Genesis Trust (Pittsburgh), Fortis, BofA Trust, Bank of New York Fund (Cayman), Sitco, Cornerstone, Credit Suisse, Queensgate Trust, and the William Casey Trust (converted into a Bush operation), got in common?

And countless countries’ tranquillity (including that of the United States’ supposedly ‘closest ally’, the United Kingdom*, and countries such as Ireland, Iceland, Ghana, Kenya and South Africa), have been destabilised and turned upside down due partly to the ruthless intermeddling ordered and supervised by the Bush-Clinton-CIA-DVD Crime Syndicate, which set out to achieve nothing less than a 100% Fascist takeover of the assets of the whole world, with the closest possible Fraudulent Finance assistance thoughout from German financial institutions. For instance, the assault on the Falkland Islands in 1982 originated in the bowels of the corrupted US structures presided over by Bush Sr. when he was Vice President, exploiting the lusts of a proxy cadre of Argentine Nazis, with the same mentality as the US Nazi godfather and his cronies.

44 HAS NOW ALIGNED HIMSELF WITH 41, SO HE’S PERMANENTLY TAINTED AND SULLIED
In foolishly aligning himself unequivocally with George H. W. D. V. D. Bush, ‘President’ Obama has exposed himself for the ‘Black’ controlled CIA operative that he really is, like his predecessors.
Given that large numbers of intelligent Americans and others are well educated these days in the subject of how these cunning but fallible ‘Dark Forces’ operate, the ‘44th US President’s’ apparent failure to understand that in joining himself at the stinking hip to George H. W. Bush Sr., he has condemned himself to the reputational fate that has engulfed the 41st President of this benighted, failing Republic, is astonishing. When the time comes for Bush Sr. to be discredited and turned into a non-person, as used to happen in the overt USSR, the same will happen to Obama, too.

Instead of seizing the historic opportunity which was briefly his and that he could have leveraged one morning in January 2009 to signal a true break with the sordid US past, this controlled ‘Useful Idiot’ has weakly announced that he is a thousand points-of-light-percent behind George Bush Sr.’s dimension of the World Revolution, that he (with Lenin) therefore shares Bush Sr.’s total contempt for the concept and integrity of the nation state, and that he plans to travel ‘all the way’ into the darkness of The New Underworld Order.

Here, it is important to be aware that one of the Psy-Ops techniques employed in the service of the World Revolution is to convince the ‘unprepared’ that its triumph is inevitable. Under V. I. Lenin, the ‘victory of the proletariat’ was ‘inevitable’: instead of which, the proletariat were exploited and murdered in their millions. Under Obama and the mindless World Revolutionaries in Brussels and EU capitals, the ‘onward march’ of global collectivism is ‘inevitable’. We refute and deny that lie; and indeed this single website and publishing service, with others, is witness to the fact that there is nothing inevitable about ORGANISED EVIL at all.

On the contrary, since Satan is the author of lies and confusion, EVERYTHING these people touch, fiddle with, try to exploit and abuse, turns eventually to dust. It’s OUR job to see to it that they are left in NO DOUBT that their evil ways cannot succeed, and that EVERYTHING THEY DO is destined for failure and perdition. This, unlike their Psy-Ops false prospectus, IS inevitable.

So, thank you, the ‘44th President’ of the United States. No amount of disinfectant and fumigation powder will henceforth differentiate you from being identified with the aforementioned ruthless Mafioso, a man who, in our era, has inflicted more death, destruction, distress, financial ruin and mayhem on Americans and others than any beast alive today: a man worshipped by the cowed and feckless US official structures and their associates, despite the universally known fact that Bush double-crosses EVERYBODY he deals with, sooner or later: INCLUDING YOU, MR OBAMA.

Well did the father of a dead British soldier refuse to shake the hand of Bush Sr.’s co-conspirator and mass murderer, Tony Blair, as we reported in an update appended to the 20th September 2009 report, saying:

‘I’m not shaking your hand. You’ve got blood on it’.

Likewise, the blood on Bush Sr.’s hands is now sticking to YOU, Barack Hussein Obama. And you won’t be able to wash it off.

And it’s clinging to, and dripping from, your bolt-on Nobel ‘Peace’ Prize halo, too.

DON’T FORGET: ALL FIVE U.S. PRESIDENTS HAVE ADMITTED THAT THEY ARE CRIMINALS
We reported earlier that FIVE US Presidents had DEMANDED immunity from prosecution by the World Court for their financial thievery, illicit diversion of the financial assets of others, and the other abominations that have been reported by this service. For the record again, the five US Presidents who have THUS ADMITTED THAT THEY ARE INDEED CRIMINALS, are:

• President Jimmy Carter
• President George H. W. D. V. D. Bush Sr.
• President William Jefferson Clinton
• President George W. Bush Jr.
• ‘President’ Barack Hussein Obama.

This collective DEMAND for immunity from prosecution, made in September, INCLUDED, as you can see, a demand for immunity from prosecution by the Nobel ‘Peace’ Prize tainted halo-wearer Barack Hussein Obama, who was selected for this sullied ‘prize’ BEFORE he came to office, and whose DEMAND for immunity from prosecution for his financial crimes, in concert with the other four criminal US Presidents, DID NOT STAND IN THE WAY OF HIS NOBEL ‘PEACE’ PRIZE.

Given the latest hiatus in the Settlements process (since Thursday 15th October 2009), the question arises: WHAT FURTHER DEMANDS ARE THESE FIVE CRIMINAL PRESIDENTS MAKING?

And clearly, as can be seen from the Update [20th October] above, ‘President’ Obama has some urgent ‘need’ to be INCLUDED within these COLLECTIVE IMMUNITY DEMANDS, even though he showed by his intemperate ‘hissy fit’ at Houston Airport that he DOES NOT IN FACT RELISH being associated with George Bush Sr. That consideration, in turn, implies that the contortions that he was reported to have gone through in Texas when he met Bush Sr. and ‘praised’ that crook to the skies, were ‘necessary’ because of the hideously compromised blackmail situation that he’s in.

DIVERSIONARY COVER-UP DISINFORMATION TO MASK A MASSIVE DEFEAT FOR THE CROOKS
Self-evidently, it is not necessary for us to refute fabrications by counterintelligence cokeheads.
But the hysterical lies, diversionary claptrap and disinformation that has circulated on certain web sites over the past week or so, concerning inter alia HM The Queen, reflect the consummation of a process whereby the stealing of the $6.2 trillion of sovereign LOAN funds made available for the US Dollar Refunding process by the Bank of England on the 19th and 20th June 2007 to Bank of New York (Mellon), which then hijacked the funds after which they were illegally deployed to finance the corrupt carousel until the discontinuity of 10th-12th September 2008 referenced in earlier reports, has been or is in the process of being rectified. This matter is too sensitive for this arms’-length observer to feel comfortable elaborating upon at this stage: a basic rule of thumb in this business is that one MUST NOT PRESUMPTUOUSLY GET AHEAD OF EVENTS, WHICH ARE THE SPECIFIC PREROGATIVE OF OTHERS TO DETERMINE.

However the nub of the matter is that the attacks on The Queen, which are of no consequence as of course they are all false and based upon childish make-believe, are motivated by the urgent need for a scapegoat given the comprehensive defeat that is being inflicted upon the criminal cadres within and associated with the US Government.

In this connection, Obama’s public whitewashing and fumigation, for public consumption, of Bush Sr., can be seen as a further component of the CIA’s vast diversionary barrage which is intended to bury the REALITY, which is that these US criminals HAVE BEEN FORCED TO CONCEDE.

The attempted fumigation of Bush Sr. cannot ‘work’, because the world’s most ruthless criminal stinks to high heaven; and it is reported that the stink of Bush Sr. is already infesting the clothing of the 44th President, as he will have discovered when he removes his jacket, shirt and pants on returning to the White House. He’ll NEVER be able to rid himself of that stench.

Meanwhile, all sane observers are staggered at the extraordinary carelessness and stupidity of those who suggest that The Queen was involved in international affairs aged 14 or 15! Such crass ignorance betrays the low calibre of the brainwashed defectives who disseminate such drivel.

We thought that when we demonstrated the idiocy of Wanta’s ‘Principality of Snake Hill’ invention and the stupidity of his attorney, Thomas Henry, stating that he represented parties connected with the non-existent ‘Principality of Snake Hill’, the point that these US operatives’ tradecraft is crude beyond belief might have sunk in, at least in patches. Instead of which we have an operative who alleges that a 14-year-old teenager ‘made a secret pact with Hitler and the Nazis’. What are we going to be told next? That Hitler (Shickelgruber) is still alive and that Himmler lives in Chicago?

Those who take this low drivel seriously and rush onto websites to provide readers with the benefit of their ‘take’ on the latest batch of ignorant lies, make themselves look even more idiotic than the perpetrators of these deliberately confused distortions, which are designed, as we have explained, to OBFUSCATE AND COVER UP the fact that the perpetrators have been EXPOSED, that they have NOT GOT THEIR WAY, that they are being PROGRESSIVELY TAKEN DOWN, and that the entire 9/11 mass murder operation and what it covers up, is in the process of unravelling.

• And for Obama to take the incredible risk of associating himself so publicly with Bush Sr. against THIS background shows either that Obama is so arrogant that he cannot see the immense danger that he is courting, or else that he has been ordered by his handlers to whitewash and fumigate Bush Sr. irrespective of the consequences, or his ‘cut’ will not be forthcoming: or all of the above.

The long alphabetical list of ‘those who are no longer with us’, published here, shows (a) that the process of attrition, as monitored by records of ‘sudden death syndrome’, has been and remains a prolonged operation and (b) that this dimension of the ‘takedown’ is proceeding ‘as we speak’.

Concerning the continued vertical existence of certain well-known master criminals who have been orchestrating this historically unprecedented epidemic of financial fraud and theft, once again the rule of thumb mentioned above applies. In the meantime, take comfort from Psalm 37.

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

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

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

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

ALPHABETICAL LIST OF HORIZONTALISATION CASES ASSOCIATED WITH THIS CRISIS
‘Fret not thyself because of evil-doers, neither be thou envious against the workers of iniquity.
For they shall soon be cut down like the grass, and wither as the green herb’.
Psalm 37, verses 1 and 2.

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

The following is an incomplete list of ‘horizontalisations’ associated with the Fraudulent Finance crisis monitored by this service since the Editor’s investigations began seven years ago:

• Bailey, Catherine, 41, a litigation partner with the law firm S. J. Berwin, disappeared from her firm’s offices in Chancery Lane, Central London, on Friday, 9th January 2009. Her body was found in the Thames, near Richmond Bridge, southwest London, on Saturday 11th January 2009.

The lawyer’s practice handled banking and regulatory disputes, involving Financial Services Authority (FSA) investigations, investment mismanagement cases and financial markets litigation. She was said to have been involved in a number of high-value cases and her clients included banks, funds, public and private companies and investment vehicles: in other words, she was up to her eyes in disentangling fraudulent derivatives operations. No information appeared in the public domain to confirm that this was a suicide.

On the contrary, murder was suspected, to destabilise ongoing investigations and cases, which of course will continue long after the present settlement arrangements have been completed and the world has ‘moved on’, which is about to occur.

• Barreto, Martin: On 23rd August 2006, it was reported that the nude body of a one-time Deputy Press Secretary for the former New York Mayor, Rudolph Giuliani, was discovered strangled in his apartment on New York’s East 10th Street. The 49-year old’s body was discovered on a bed at his apartment by police, after a friend had reported that he was failing to respond to telephone calls or knocks on his door. A doorman at the building told investigators that Barreto had informed him that he had been expecting a visitor and had instructed him to let him in.

The violent death was ruled as a homicide after an autopsy found that Martin Barreto had died from ‘asphyxia due to compression of the neck’. There were no signs of a struggle or robbery inside the apartment, where Barreto had lived alone. The possible significance of this tragedy is that Barreto, who was a partner in a New York public relations firm, and a radio journalist who had served on the board of the National Association of Hispanic Journalists (1993-96), had worked in City Hall in the late 1990s. It will be recalled that Rudolph Giuliani spearheaded the indictment of Marc Rich (the DVD operative, Hans Brand).

With the closing-in of events described in successive issues of International Currency Review and on this website, it is likely that Barreto’s knowledge of Marc Rich’s past financial operations might have been considered hazardous, both from the perspective of Hans Brand (Rich) himself, and in the perception of the Dachau-based Nazi intelligence continuum, Deutsche Verteidigungs Dienst. On 12th November 2005, the late lamented veteran reporter Sherman Skolnik stated that ‘Marc Rich, aided by Judith Miller’, whom he thought was ‘a Russian playing spy games originally for the… KGB… and now for the FSB’, conducts secret and illicit currency swaps, metals and commodities trades, all tax-cheating money laundered, for Moscow, Beijing, Tel Aviv, London, New York, Chicago and elsewhere. Marc Rich is [the] East-West blackmail whore for the plutocrats’.

Sherman Skolnik died alone naturally in May 2006. His papers were removed by persons ‘unknown’.

• Baxter, Clive: An Enron corporate executive who ‘committed suicide’ in 2000 as US Federal investigators stepped up their investigations into the huge energy trading corporation scammed to death by cynical US intelligence criminalists. [This horizintalisation is included to illustrate the point that an unknown number of cases are not captured by this analysis, which essentially covers the period of the Editor’s investigations].

• Campbell, Mark: This 53-year-old Briton was arrested in Spain on 23rd October 2009, with serious knife wounds to his neck and wrists close to the body of his, Olga Pleguezuelos, aged 35, at their London penthouse apartment, in Harrow-on-the-Hill, The Times reported on 24th October 2009.

Campbell, who described himself as ‘worth £300 million’, claimed to be a key executive involved in a project to construct a ‘casino city’, Gran Scala, in Spain. His wife was a marketing manager for Aristocrat Europe, a London-based gaming firm, which is a partner in the Gran Scala project. She was due to become Sales Director for the firm, based in Las Vegas, this year.

Mr Campbell’s website described him as Chief Information Officer for London-based International Leisure Developments, which is promoting the Gran Scala development, to be located in ‘desert’ country between Madrid and Barcelona. The huge project includes plans for about 70 hotels and 32 casinos, several theme parks and a horse-racing track.

Publicity for the scheme, which will of course lend itself as an outlet for Bush-Clinton or Successor Syndicate drug-trafficking proceeds and money-laundering, suggests that it will receive more than 25 million visitors annually from 2015, creating 60,000 jobs. After his release from hospital on 22nd October, Campbell was to be interviewed by London murder squad detectives.

• Casperson, Finn: This operative reportedly ‘committed suicide’ on Wednesday 9th September 2009. He was the ex-CEO of Beneficial Corp., a large financial firm, and faced US tax evasion charges relating to offshore accounts. It was thought that he had Taiwanese Triad links. His body was found dumped behind an office building in Westerly, Rhode Island.

• Connell, Michael: This IT expert, said to have been directly involved in the rigging of drug-running George W. Bush’s 2000 and 2004 elections, was killed on 19th December 2008 when his single-engine private aircraft crashed three miles short of the airport at Akron, Ohio. Mr Connell was reported to have told a close associate that he was afraid that the well-known thuggists George W. Bush Jr. and Vice President Cheney would ‘throw [him] under a bus’.

It had earlier been verified that Carl Rove [German name: Roverer] had threatened Connell and his wife, Heather. Connell had appeared before a Federal Judge In Ohio after being subpoenaed in a Federal lawsuit investigating the rigging of the 2004 election under Mr Roverer’s direction. The Judge ordered Connell to testify under oath at a deposition on 3rd November 2008, the day before the election. The Bush White House was reported to have become extremely concerned that Mr Connell planned to divulge details of his secret illegal work for the White House. Mrs Heather Connell ‘owns’ GovTech Solutions. Both GovTech Solutions and an IT firm called SmartTech of Chattanooga, TN, have reportedly been implicated in the rigging of the 2000 and 2004 US elections and a White House email scandal. On 18th December 2008, Connell unwisely flew to a small airport outside Washington DC where, of course, his plane was tampered with: a standard DVD technique.

• Coulbeck, Neil: Aged 53, the former head of Group Treasury at The Royal Bank of Scotland, who had been reported missing by his wife, was found dead near Woodford golf course on the edge of Epping Forest, about a mile or so from his home, on 11th July 2006. In the past, as a Managing Director in charge of balance sheet management, he had had responsibility for making sure the bank he was serving had sufficient resources for its operations.

• Credit Suisse dealer: Late in the week ending on 18th August 2006, a foreign exchange dealer with Crédit Suisse in Zürich was reported to have ‘committed suicide’ on the bank’s premises. The Times, London, reported on 23rd August that ‘The unnamed dealer shot himself late last week after leaving the trading floor. The bank did not release his name, out of respect for his family, but a bank spokesman said: ‘I can confirm a suicide took place. We are really shocked’. Interestingly, the only original report on this tragedy appeared in the Business Section of The Times, London.

All other reports (of which there were hardly any) repeated the same language used by The Times verbatim. Although an official Swiss website purported to carry the story, there was no reference to it in subsequent days; and the report appeared to have disappeared, apart from the original story, by 28th August. The London Times elaborated that ‘Zürich police were informed but they are also not releasing the man’s name. The suicide was the subject of low-key reports in several local newspapers…. Rumours about the Zürich death swept financial circles’.

The bank refused to divulge in which business area he traded or why he had ‘shot himself’. ‘The rumours suggested that he may have been working in foreign exchange and, having been made redundant [fired], walked to another part of the building before committing suicide’. It is curious, to say the least, that The Times’ report, and its derivatives, did not query why a dealer would carry a gun with him on the bank’s premises. Of course, the likelihood is that he did not, but rather that this was no suicide, but in fact an ‘urgent’ on-site execution. The suppression of all subsequent reports on this matter suggests such an interpretation.

The death was compared by The Times to the sudden death in July of Dmitry Smoliyaninov [see below] aged 31, whom the British newspaper described as ‘a principal trader with Citigroup’ – not any old trader, but rather a ‘principal trader’.

The report added that Smoliyaninov had fallen from the 16th floor of Citigroup’s Canary Wharf offices after climbing over a barrier. Police said that they had no motive for his apparent suicide and there was no evidence of trading irregularities or substantial losses. Citigroup and Crédit Suisse are institutions known to have handled transactions associated with George Bush Sr., and associates, according to reliable financial sector sources exclusive to this service.

The revelation that the Russian dealer was a ‘principal trader’ appeared in this report for the first time. Therefore if he was murdered, like the Crédit Suisse operative, as we believe to be the case, he would have been a key target.

• Duisenberg, Wim: The former President of the European Central Bank, Dr Willem (‘Wim’) Frederik Duisenberg, was found dead in his swimming pool at the age of 70, on 31st July 2005.

Two days previously, Milan prosecutors had announced indictments against subsidiaries of Union Bank of Switzerland (UBS), Deutsche Bank, Citigroup and Morgan Stanley in connection with the investigation into the collapse of Parmalat, a corporation that had become synonymous with the phrase ‘EU butter mountain’. Parmalat seems to have been the Italian intelligence ‘sib’ operation equivalent of Enron. In his day as President of the European Central Bank, Duisenberg was the tousled figure whom brainwashed journalists considered to be little short of a deity, as he uttered his opaque pronouncements on European Central Bank monetary policy.

The Editor recalls asking Dr Duisenberg a somewhat pointed question at an IMF/World Bank Annual Meeting press conference – and that the great man chose the easy option of saying he couldn’t hear the question and turning to the next question instead.

• Finan, Modi: This former executive of Maccabi Tel Aviv, a basketball club, was found by his wife Sharon hanged in a shower at his home in central Israel on Monday 19th October 2009. Finan had boasted about doing business with Nicholas Levene [see separate entry], investing both his own funds and those of players and basketball executives whom he knew well. As a consequence, his debts to former players, coaches and management officials were estimated at around $20 million. According to an investor cited by Haaretz, the Israeli newspaper [21st October], Modi Finan ‘would promise to deliver the monthly yield in cash, and it would arrive in envelopes; and over the years, the money would come back like clockwork’. In other words, this Modi Finan was running a classic Ponzi operation, delivering yield but stealing the principal. It is evident that he was also providing a ‘feeder fund’ service for Nicholas Levene, the City of London financier who owned 6% of the UK Leyton Orient Football Club. So what both of these scamsters were actually doing was tapping into the surplus wealth of sportsmen, so as to sustain the flow of ‘new money’ necessary to cover up the diversion of principal, in strict accordance with the classic Ponzi model. They were both also busily scamming fellow Jews, just like Bernard L. Madoff. See also the entry for Nicholas Levene.

• Foxton, William, OBE: A distinguished British Army officer, who rose from the ranks in the Green Jackets regiment, lost his arm in combat, and worked for United Nations missions, for the French Foreign Legion and the Sultan of Oman, shot himself in the head on 10th February 2009, after losing his life’s savings in the Bush-Madoff Ponzi operation.

Major Foxton killed himself in a park near his home in Southampton. His son, Willard, 28, said of Madoff and associates: ‘Essentially I want Madoff and others to know that they have my father’s blood on their hands. I’m very angry. My first thought was to show up at Madoff’s trial in New York and throw my father’s medals in his face’. ‘They have got my father’s blood on their hands’. The retired soldier had invested some of the money that he had earned while serving the Sultan of Oman, in two hedge funds that were rolled into Madoff’s scheme, and had lost ‘a six- or seven-figure sum’, according to Mr Foxton Jr.

• Galeda, John: It was reported to us at 6:12pm UK time on 17th October 2009 (as this report was being finalised) that John Galeda, well known in certain exotic US financial circles, had suffered a sudden heart attack and was in immediate need of a triple bypass heart operation. Galeda was subsequently reported to have unilaterally cancelled the surgery.

• Gianmario, Roveraro: Sig. Roveraro, aged 70, attended an Opus Dei (or ‘Opus Luciferis’) meeting on 5th July 2006, and was then kidnapped by a ‘financial consultant’, Filipp Botteri.

The Italian investigators’ ‘line’ was that both men had invested in a supposedly low-risk financial transaction involving an Austrian firm in 2003. Roveraro pulled out in time but Filipp Botteri lost an amount equivalent to £1.7 million, having anticipated a gain of £7.0 million. Botteri allegedly forced Roveraro to provide instructions to his (Sig. Botteri’s) office to hand over £7.0 million.

On 17th July Botteri’s office received a fax bearing Roveraro’s signature and requesting a share transfer. Roveraro’s body was found among bushes beneath a viaduct 20 miles outside Parma, chopped into pieces and stowed in a black garbage bag. He is thought to have been murdered after prosecutors froze his assets to prevent any payment to the kidnappers. Botteri finally confessed to the murder, which once again threw the spotlight onto the sinister Opus Dei.

Roveraro’s name was being linked to Parmalat, the Italian dairy foods corporation and ‘sib’ operation involved in very extensive alleged corruption scandals [see: Duisenberg].

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

• Guillermo, Martinez: Aged 40, Martinez, from Puerto Rico, was reported by The Miami Herald on 26th June 2006 to have leapt to his death from the 29th floor of a building in Miami Center, 201 S. Biscayne Blvd. Martinez, said to have been a temporary employee, was reported to have been working at Citigroup Private Bank, which had offices there. He was said to have used a small sledgehammer to break through a window, after which he threw a large computer monitor and a chair out through the window in order to make the hole bigger, before jumping to his death.

• Harkins, Don: The Editor and Publisher of The Idaho Observer, whom the Editor of this service met in Oregon in August 2008, died more or less ‘suddenly’ on 19th September 2009, having within a week of becoming ill, been diagnosed by hospital doctors with ‘acute leukaemia’. Reports for this service alleged that Harkins was murdered on ‘instructions’. The actual circumstances of this latest media ‘sudden death syndrome’ episode, thought to be an assassination, were murky when this information was added to this List on 29th October 2009; but the initial report conveyed to us has been explicitly confirmed by a friend of the Editor’s of the utmost reliability and integrity.

• Hampton, Dr Timothy: The English-language Austrian Times, followed by other press sources a day later, reported on 23rd October 2009 that this British nuclear expert, involved in negotiations with Iran over its nuclear programme, ‘fell’ 40 metres to his death from the 17th Floor of the United Nations’ Vienna International Centre.

Authorities stated that the 47-year-old expert, a member of the Comprehensive Nuclear Test-Ban Treaty Organization (CTBTO), had joined the United Nations’ current talks with Iran. Anne Thomas, a press spokeswoman at the UN’s Vienna HQ, told the Austrian Times:

‘All I can confirm is that a male staff member of the CTBTA was found dead at the bottom of a stairwell in the E Building at the Vienna International centre at 8:30 on Tuesday morning. Vienna police are investigating the incident and there is nothing else we can say’.

A police spokesman quickly stated that no other person had been involved, while a UN spokesman said that there were no ‘suspicious circumstances’ surrounding this latest case of ‘sudden death syndrome’ at the facility. We beg to differ. In June 2009, ANOTHER United Nations employee, also of British origin, FELL A SIMILAR DISTANCE AT THE SAME BUILDING, according to many bewildered UN staffers working there. Our assessment of these horizontalisations is as follows:

There is severe ongoing TENSION between British and corrupt American intelligence cadres over Iran and other issues in the region. The probable cause of this tension, in the nuclear context, is that the British are not ‘buying’ American lies and ruses associated with these issues, because they know that the ‘Iran ploy’ is a controlled set-up. Mr Ahmadinejad has personally confirmed that he is Jewish, his originaal family name being Sabourjian. This means ‘maker of the sabour’, which is the Persian Jewish prayer shawl; while the suffix ‘jian’ means ‘Jew’. The parallel is Djiugashvili, Stalin’s family name, where the ‘Djiu’ prefix means Jew.

That severe tensions exist between British and American intelligence cadres, has been hinted at by expatriate IRANIAN sources. We allude to this in Arab-Asian Affairs, Volume 33, Number 2, in which a report about a terrorist bombing in Iran is mentioned. To obtain the full significance of this, we reproduce relevant passages from that issue, published in November 2009, herewith:

‘A satanic terrorist bombing attack in which 42 Iranian Revolutionary Guards, including six senior commanders, which occurred in the southeast of Iran over the weekend of 17th-18th October 2009, was promptly blamed by the Iranian régime on Britain and the United States’.

‘On 18th October, Islamabad’s Ambassador to Tehran was summoned to the Iranian Foreign Ministry, which protested against ‘the use of Pakistani territory by the terrorists’ against Iran.
At the same time, however, the Iranian Foreign Ministry accused Britain and the United States of supporting a Sunni rebel terrorist unit called Jundallah, also calling itself the Iranian People’s Resistance Movement. The Revolutionary Guards blamed the bombing on ‘terrorists’ backed by the ‘Great Satan America and its ally Britain’. Iranian State television quoted ‘informed sources’ who stated that ‘the British Government was directly involved in the attack by ‘organising, supplying equipment and employing professional terrorists”.

‘A spokesman for the Foreign and Commonwealth Office rejected the claims, saying: ‘We reject in the strongest terms possible the assertions that this has anything to do with the UK’ – a response which of course implied that the atrocity has something to do with another power or other powers’.

‘One needs to read carefully between the lines: and that is what is lurking there. For its part, the US State Department responded that ‘reports of alleged US involvement are completely false”.

‘But in the past, the Iranians have accused Britain and the United States of backing and financing Jundallah, which literally means ‘Soldiers of God’. The Times, London, reported on 19th October 2009 that ‘reports have surfaced in recent years from anonymous CIA sources who say that money is channelled to these terrorists, to sow discontent in Iran. Britain and the United States have officially denied involvement in such activity”.

‘But wait a minute. In 2007, ABC broadcast a TV report alleging that US and Pakistani advice was extended to Jundallah to help it with attacks on Iran. During 2008, the US investigative journalist Seymour Hersch reported that American Congressional leaders (mainly of Jewish extraction) had secretly agreed to a project promoted by the criminal, drug-running former President George W. Bush, for $400 million to be made available in order to give ‘Washington’ a free hand in arming Iranian opposition terrorist groups such as Jundallah’.

‘In other words, the hand of the Bush Crime Syndicate is observable’.

‘The Times’ report on 19th October 2009 elaborated that Meir Javedanfar, an Iranian Middle East specialist, had informed the newspaper that the ‘success’ of the bombing attack on 18th October suggested ‘outside assistance’. He said: ‘It’s possible that both are involved here, since the British and Americans are involved in a tug-o-war in that region. The fact remains that intelligence was of a better quality than at any other time. They managed to assassinate the Deputy Head of the Ground Forces. This is a huge hit for the Jundallah’.

‘The timing of the attacks was also significant, the Iranian expert added. They coincided with delicate nuclear negotiations and immediately ahead of the subsequent scheduled meeting’.

‘It is a sign of weakness for Iran. The West has influence with this group and it is something they can use in talks with Iran’. All of which throws a fascinating spotlight on the ‘Black’ forces involved. We venture to suggest that if Britain is involved in a ‘tug-o-war’, it is less with the United States as such, than with the Bush criminalists; and that the latest victim of ‘sudden death syndrome’ was murdered by one or more operatives serving the interests of the Bush-Clinton CIA-DVD Syndicate.

• Kelly, Christopher: This former fundraiser for ex-Illinois Governor Rod Blagojevich, was reported to have experienced ‘sudden death syndrome’ on Saturday, 12th September 2009. An Illinois mayor stated that police were investigating the death, which was initially referenced as a ‘suicide’.

• Kozlov, Andrei, the First Deputy Chairman of the Russian Central Bank, died in a Moscow hospital of gunshot wounds a few hours after being attacked late on Wednesday, 13th September 2006. The 41-year-old Kozlov, responsible for banking supervision since 2002, had withdrawn the licenses of dozens of banks and had reportedly overseen a programme to curb criminal operations and money-laundering in the banking system. Since money-laundering is central to the untaxed off-balance sheet operations which the US Treasury was so eagerly promoting and facilitating, it would appear, on the face of it, that the late Mr Kozlov may have faced an uphill task. After all, the Americans, who supposedly taught the former Communists how to organise and manage capitalist-style banks, have demonstrated that they prefer to operate like Chicago gangsters.

That being the case, Mr Kozlov‘s efforts on behalf of the Russian Central Bank to curb exotic financing behaviour among the Russian institutions, will have been frustrated by the continuing reprobate example set by the ruthless Bush Sr. and Irgun-linked American criminal intelligence operatives. Commenting on Kozlov‘s murder, Mr Garegin Tosunian, the head of the Association of Russian Banks, told Ekho Moskvy Radio that Kozlov‘s ‘steps to cleanse the system and to build a normal, civilised system, apparently strongly encroached upon somebody‘s interests’.

The Russian Finance Minister du jour, Alexei Kudrin, was separately reported by the ITAR-Tass news agency as saying that the late Mr Kozlov had ‘repeatedly infringed upon the interests of dishonest financiers’. Mr Kudrin called Kozlov ‘a very courageous and honest person who was at the forefront of the struggle with financial crime’.

Whether this assessment was correct or ‘sanitised‘, the Russian authorities were handicapped by the fact that American financial operatives were and are behaving with gangland-style arrogance, and are setting the worst possible example to their former Soviet ‘students’.

• Lay, Kenneth: Aged 64, the brains behind Enron, whom George W. Bush Jr. once referred to as ‘Kenny Boy’, died in the early morning of 5th July 2006 of an apparent heart attack at his family’s holiday home in Colorado. There had been no prior indication of illness, and the body was rapidly cremated. Lay, who built Enron up from its status as a sleepy natural gas pipeline corporation into a vibrant symbol of the corrupt ‘new economy’ of the 1990s, exploiting energy sector deregulation so as to trade everything from oil and gas futures to weather derivatives, had been convicted on 25th May 2006, together with fellow executive Jeffrey Skilling, of fraud and conspiracy for his rôle in the energy trading firm’s collapse, through the use of off-balance sheet partnerships and trades to hide illicit debt. The former Chairman of Enron was found guilty on all six counts of wire fraud, securities fraud and conspiracy. In addition, the Judge, Sim Lake, said that he had found Mr Lay guilty on four counts of bank fraud in a separate case argued the preceding week without a jury. Mr Lay’s face turned grey when the verdict was read out.

The destruction of Enron was a classic case of an intelligence ‘sib’ operation, according to ‘White Hat’ intelligence experts – designed to blacken the name and reputation of the corporation so that funds placed offshore and off-balance sheet, could be extracted from the offshore partnership accounts for high-yield investment programme trading purposes. A motivation would also have been to develop these funds extracted from Enron (and placed off-balance sheet in offshore accounts to finance high-yield investment programmes) to generate vast offshore profits which – in a short space of time – would come to dwarf Enron’s bona fide activities, rendering (in the corrupt minds of the perpetrators) the carcass of the Enron firm expendable.

Since such operations would have been intelligence secrets, neither the judiciary nor a jury could have any knowledge of the underlying modus operandi and motivation of such scams (which would be dismissed in a US court of law as ‘hearsay’).

By extension, therefore, this is a classic example of criminalised intelligence cadres breaking the law and yet relying on its procedures to procure the intended outcome. In the mafia tradition, the Godfather – George Bush Sr. – attended Kenneth Lay’s Memorial Service on 12th July 2006. It attracted the criminal Texan Establishment – led by the Nazi penetration operative exposed as head of Deutsche Verteidigungs Dienst, the Nazi strategic Continuum, Dachau.

• Levene, Nicholas: After an initial reported ‘disappearance’, this character surfaced and was reported by The Financial Times on 22nd October 2009 to have ‘voluntarily attended an interview’ with the Serious Fraud Office under caution on 15th October, after which he was released pending further enquiries. Strictly speaking, this report should be ‘pulled’ from this Listing, as the fraudster has surfaced alive. However because this case appears to be ‘linked’, we are leaving it in situ, with this qualification. On 26th October, The Daily Telegraph reported that ‘The Madoff connection was disclosed amid rumours in Israel that he [Levene] is being sought by gangsters. Mr Levene holds Israeli citizenship and owns a £5 million home there. The High Court froze his assets and ordered him, in his absence, to surrender his passport. It is not yet known if he has done so’.

However in the same UK press report, Nicholas Levene said that he had been receiving treatment for a gambling addiction at a ‘Priory Clinic’ [see below]. ‘I have lost millions of pounds because of my addiction to spread betting: it is in the region of £50 million to £70 million’, he told another UK newspaper. ‘I am trying to get myself in order and I’m facing up to my responsibilities’. However the sudden admission of ‘gambling problems’ may have something to do with reports from Israel that he is being sought by gangsters. The odd fact that he has hired the British PR expert, Max Clifford, to represent him, suggests that Levene is ‘managing’ his crisis with possible intent to deceive. The initial report included in this Listing reads as follows [note that the date on which, as we now know, Levene attended an interview with the Serious Fraud Office, 15th October 2009, ‘just happened’ to be the same date on which Levene was first reported to have ‘disappeared’, prompting this entry]:

Nicholas Levene, a City of London trader, aged 45, was reported by the British press on 15th October 2009 to have disappeared owing clients, including wealthy tycoons, large sums of money. Among these clients are Brian Souter and Ann Gloag, the owners of the Stagecoach bus empire, and Richard Caring, owner of The Ivy and Le Caprice high-society restaurants in London. The Daily Mail reported that the Metropolitan Police are investigating allegations of fraud.

An unnamed senior City of London figure told the newspaper that he believed that the missing financier (Ponzi operative), nicknamed ‘Beano’, may owe investors £200 million or more. On 14th October, Levene’s wife Tracey, 42, and their three children were nowhere to be seen at their mock-Tudor home in High Barnet, North London. Also missing from the scene were the financier’s blue Mercedes, Land Rover Discovery and silver Porsche 911 [sic].

The newspaper added that there was no sign, either, of the said Jewish couple’s butler, maid, or chauffeur. A casually dressed man loading oil paintings from the house into a silver truck refused to comment when approached. Neighbours said that the family, once known for throwing huge garden parties, had started moving out of the house a month earlier.

Levene was also reported to have recently opened bank accounts in Northern Cyprus, which has no extradition treaty with Britain.

Levene owns a villa in Tel Aviv, although the High Court has frozen his assets and ordered him to surrender his passport. It has further transpired that Levene was still named, in mid-October 2009, as a member of the advisory board of the investment firm MG Equity Partners. He had 25 years’ experience in London’s equities and derivatives markets. On 14th October, press attempts to obtain information on Levene were rebuffed by MG Equity Partners.

The cited newspaper concluded its report with the following cryptic observation: ‘The Daily Mail understands, however, that Levene, who is well known in the Jewish community, may be in The Priory private hospital in Southgate, North London’. A former friend said: ‘Nick became a financial adviser to some of the world’s richest people, who trusted him with their money due to all the charity work he did in the Jewish community in London and Israel. People were also impressed by his standing as a family man. The trouble is that he came to think of himself as one of them and lived like them as well – except that this was all beyond his means. He travelled everywhere by private jet and shared the best corporate box with a very rich friend near the Royal Enclosure at Ascot which set them back £150,000 a year. When the markets went downhill and his cash ran out, he found himself in very great difficulty’.

Translation: Levene was running a Ponzi operation and suddenly found that the familiar sources of ‘replacement funds’ had dried up – like Madoff. Levene was also facing a barrage of lawsuits filed against him in the High Court. Parties reported by The Financial Times on 16th October 2009 to be suing him include IG Index (the financial spread-betting firm), as well as Richard Caring (the Jewish restaurateur), Brian Souter (Stagecoach) and Ice Mountain Investments.

In 2007, Levene bought an interest in Northern Rock, through a derivative trade, just months before the bank – a haven of illicit financial operations connected, via Jersey, to the Clintons – went belly-up and had to be nationalised. Regulatory filings in October 2007 showed that Levene held an interest of more than 4.5 million shares (1.1%) in the dud bank, worth an estimated £5.8 million at the time. Following the British Government’s panic decision to nationalise Northern Rock, investors who bought into the bank in its last few months as a listed entity are likely to receive little or nothing for their investments (make that: nothing).

Updated information, 21st October 2009: Nicholas Levene was reported by The Daily Telegraph on the 19th October to have surfaced and to have telephoned Barry Hearn, Chairman of Leyton Orient Football Club, in which Levene held a 6% stake. This financial stake was frozen following an order in October from the High Court preventing the sale of any of Nicholas Levene’s assets pending completion of an investigation into Levene’s questionable (i.e. Ponzi) affairs. Mr Hearn told the newspaper that Mr Levene had called him on Sunday evening, 18th October: ‘He said he’s clearly got a situation here that he had to deal with, and for the good of the club he’d like to tender his resignation’ as Vice-Chairman of the Club. ‘I said that’s fine and accepted. The conversation was very short’. In early October 2009, Levene had been declared bankrupt in the High Court. Under British law, bankrupts are prohibited from serving as company directors unless an application is submitted to the Court citing special circumstances.

The founders of Stagecoach, Brian Souter and Ann Gloag (brother and sister) won a £17.8 million court case against Levene after he contracted to buy shares on their behalf but failed to return the money. Thirty clients were reported by the Israeli newspaper Haaretz on 21st October 2009 to have contacted Deloitte, the insolvency experts appointed by the UK Court to investigate Mr Levene’s operations, with one UK High Street Bank understood to be owed several million pounds, and the smallest claim believed to be £500,000. Nicholas Levene was reported to owe scores of his clients hundreds of millions of pounds. See also the separate entry for Modi Finan, in which it is shown that this ‘Israeli basketball executive’ tapped Israeli sports figures and executives, to entice them to disgorge funds which Modi Finan then forwarded to Nicholas Levene. In other words, Mr Finan was operating a ‘feeder fund’ for Levene, on the Bernard L. Madoff model.

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

• Mahfouz, Sheikh Khalid Bin, the former Saudi Director and billionaire banker, died from ‘a sudden heart attack’ on Saturday 15th August, according to the Saudi newspaper Asharq Alawsat reporting from Jeddah. On 18th August, the Saudi newspaper elaborated: ‘Recently Bin Mahfouz cleared his name from accusations [that] he was funding terrorism through the Blessed Relief charity [called the] Mufawaq Foundation, an organsiation devoted to famine relief’. Khalid Bin Mahfouz had been a major shareholder in the CIA’s folded ‘sib’ operation, Bank of Credit and Commerce International (BCCI), which operated inter alia as a money-laundering operation for Bush Sr.’s Iran-Contra nexus. Mahfouz owned the National Commercial Bank of Saudi Arabia.

• McDonald, James: This financier was ‘suicided’ on Sunday 13th September 2009, from a gunshot wound. He was the Chief Executive of Rockefeller & Co., the New York investment firm, and was found in a car behind an auto dealership located in Dartmouth, MA. Translation: Mr McDonald was murdered and dumped at the back of the dealership. Although he lived in New York City, he had a country place at New Bedford. Furthermore, McDonald was an operative – having also studied in Virginia. It appears that he may have been murdered in New Bedford and then driven to Dartmouth. McDonald was the Director of the Japan Society of New York, a detail which almost certainly has much to do with this probable assassination of a key US financial operative.

• Merckle, Adolf, a German industrialist and billionaire, aged 74, was found dead on 5th January 2009 near railway tracks in southern Germany, having thrown himself under a train near his home in Blaubeuren. The BBC reported on 6th January 2009 that Merckle had lost about 400 million Euros after wrong-way bets on Volkswagen shares.

Herr Merckle’s business interests included Phoenix Pharmahandel, a drugs wholesaler with annual sales of about 21 billion Euros; Ratiopharm, a generic drugs company with annual sales estimated at 1.8 billion Euros; Heidelberg Cement, a cement operation with annual sales of 11+ billion Euros (Heidelberg was associated with the British construction firm Tarmac); the Kaessbohrer ski-slope equipment firm with annual sales of 183 million Euros; and VEM, a conglomerate of three engine manufacturers, with annual sales of about 280 million Euros. The total turnover of the deceased’s conglomerate operations in 2008 was thus around 30 billion Euros.

The businesses employed some 71,000 people. Herr Merckle’s holding company had been in talks with banks to secure credit after it ran up high levels of debt. In a statement, the family commented that ‘the distress to his firms caused by the financial crisis and the related uncertainties of recent weeks, along with the helplessness of being unable to act, broke [him] and ended his life’.

The Prime Minister of Baden-Wuerttemberg, Herr Guenther Oettinger, commented: ‘News of Adolf Merckle’s death left me deeply shaken’. The State had ‘lost a great entrepreneur’. But the reason for this official expression of grief was that in November 2008, the State Government had signalled that it would not assist Merckle after he had sought a bailout.

Herr Merckle had hired the insolvency lawyer Eberhard Braun, and had threatened to initiate bankruptcy proceedings for VEM unless lenders provided him with restructuring capital.

• Merrill, Philip: After vanishing on 10th June 2006, this wealthy publisher and former banker, aged 72, who had held senior ‘Bush Family’ appointments at NATO and in the Pentagon, was dragged from Chesapeake Bay on 19th June 2006, just over a week after his 41-foot long sailboat was found by jet-skiers on the day he vanished.

The family claimed in a statement that Merrill had been distraught over a heart condition, so he bought a shotgun, took his boat out on a sunny Saturday, tied the anchor round his feet, took his wallet out and left it inside the boat, shot himself in the face with the gun, and managed to fall neatly out of the boat and to float for 11 miles and 11 days upstream, with the anchor of his vessel tied to his ankles and dozens of search-and-rescue teams scouring the Bay for his body. In the early 1990s, Merrill was the Assistant Secretary General of NATO; and he served as President of the Export-Import Bank of the United States from 2002 to 2006. It is through this bank that a sizeable proportion of highly questionable off-balance sheet fiat money transactions for the funding of covert US intelligence operations, is known to have been conducted.

• Mody, Ashoka: The 54-year-old Assistant Director in the European Department of the International Monetary Fund was shot with a handgun at point blank range at around 7:30pm on 8th October 2009 in his Bethesda garage in the 6800 block off Millwood Road. Police asked anyone with information to call 301-279 8000 or the Major Crimes Division at 240-773 5070.

• Monckton, John: This 49-year-old investment expert with Legal and General was brutally murdered by a Black masked assassin and an accomplice on 29th November 2004 – when he returned home to his house in Cheyne Walk, Chelsea, Central London. He was a Knight of Malta and was actively involved in its operations. Although the case was concluded with the conviction of a ‘solo’ Black assassin, the issue of whether the murderer performed a contract killing remains unresolved. In view of Monckton’s importance, this seems likely.

• Muhammad, John Allen: The so-called ‘mastermind’ behind the sniping episode that terrorised the Washington, DC, area, was reported on 27th October 2009 to be scheduled for execution by lethal injection on 10th November 2009, according to a spokesman for the Virginia Department of Corrections, Larry Traylor. Muhammad killed Dean Harold Meyers at a Manassas petrol (gas) station in October 2002. Ten people died during a three-week spate of shootings that month in Maryland, Virginia and the District of Columbia.

Muhammad and his accomplice, Lee Boyd Malvo, were thought to have committed similar murders in several other US States, including Louisiana and Alabama. Malvo is reported to be serving a life sentence in jail. This operation was included in our list of DVD (German ‘Black’ counterintelligence) operations published on 20th September 2008 [Archive]. Our comment: A dead man can’t tell tales.

• Nadel, Arthur, 76, a Hedge Fund manager in Sarasota, Florida, was reported by Bloomberg to have disappeared on 4th January 2009. The report stated that his clients were concerned that hundreds of millions of dollars may have been lost – i.e., that with a Ponzi scheme exposed, the manager had absconded with the money. However Nadel had telephoned his stepson and had told him to go to his house, where he had left a note.

Nadel ran Scoop Management Inc., which oversaw funds including those of Valhalla Investment Partners [sic]. On 16th January, the Sarasota Herald-Tribune reported that Scoop Management Inc. may have ‘managed’ some $350 million of funds. Sarasota police initiated an investigation on 15th January 2009 after receiving phone calls from 1:30 pm in the afternoon concerning allegations about ‘hundreds of millions of dollars’ missing, according to police.

The newspaper described the note found by police at Nadel’s residence as a ‘suicide note’.

With the drying-up of fresh sources of funds to pay off earlier investors, the Ponzi scam had been exposed. That is standard with these frauds: everything appears fine, perhaps for many years – the assumption being that fresh sources of stealable finance will always be forthcoming, as investors are enticed by greed and their failure to adhere to the Prudent Man Rule. The possibility that fresh sources of ‘replacement funds’ might cease to be available one day, is never considered, such is the participators’ and Ponzi artists’ capacity for self-deception.

• Nakagawa, Shoichi: On the 4th October 2009, Shoichi Nakagawa, the former Japanese Finance Minister, aged 56 (who caused an uproar when he appeared to be under the influence of drink at a news conference during a meeting of Group of Seven (G-7) Finance Ministers in February 2009, after which he was removed (‘resigned’) from office), was reported by Japanese police on 4th October 2009 to have been found dead at his Tokyo home.

His wife was reported to have found him lying face down in bed. Investigators immediately ‘ruled out’ foul play because the room was undisturbed [sic]. The police played down the likelihood of suicide, but at the same time a spokesman said that an autopsy would be conducted and that determination of the cause of death would ‘take some time’.

While they work out how to obfuscate the likelihood that the former Japanese Finance Minister had been entrapped in financial corruption, it has been reported that the former Japanese Finance Minister had been drugged at the G-7 Finance Ministers’ meeting, as the Japanese were refusing to agree to corrupt, gangster-style demands by US criminal parties.

• O’Quinn, John: This prominent Houston lawyer, aged 68, reportedly ‘connected to the ‘dark side” according to our informants, was pulled dead from his impaled Chevrolet Suburban SUV after it crashed into a tree at about 8:00 am Houston time, on 30th October 2009. His passenger, Johnny Lee Cutliff, aged 56, was also killed. Police said that neither was wearing a seatbelt. The crash occurred ‘in the 1900 block of Allen Parkway, according to the Houston Chronicle.

HOWEVER one hour earlier, O’Quinn was standing in the security line at Hobby Airport, according to the Houston Chronicle, citing comments by former State District Judge Levi Benton, who was flying to Dallas and stood in line with Mr O’Quinn, who in turn was said by the newspaper to be ‘intending to catch a flight to San Antonio for a mediation’. The newspaper report then elaborated:

‘But O’Quinn’s plans somehow changed after that brief encounter, and he left the airport. Houston Attorney Dan Cogdell said he was in the airport at 9:30 am when he heard an operator repeatedly paging O’Quinn, telling him to report to a Southwest Airlines gate for departure’.

This was a very odd car crash. ‘Investigators said it appeared the SUV veered to the left in the 1900 block of Allen Parkway, jumped a curb and careened over a grassy median, crossed the eastbound traffic lanes and hopped another curb onto a second median before smashing into the tree on the south side of the road’. True, the road was wet (drizzle). But this was a sturdy vehicle. ‘The front end, hood, roof and passenger side of the Suburban were badly crumpled. The windshield was shattered, and the engine appeared to hang from the chassis. The battery, the air filter and other debris were scattered on the service road about 20 yards from the crash site. The force of the impact uprooted the nearly 30-foot tall tree. The Suburban SUV’s rear came to rest on top of the uprooted trunk. The tree was cut down so that the Suburban could be towed off’.

‘Investigators and work crews were still at the crash site more than three hours after the wreck’.

The sudden complete change of plan; the extreme force of the crash; the fact that this Attorney operated out of Houtson and was, according to our sources, connected to ‘the dark side’: these circumstances all point to a DVD-style assassination associated and coinciding with the ongoing contemporaneous ‘takedown’ and final moves against George H. W. Bush Sr. Dead men can’t talk.

FACT: O’Quinn was one of five Texas lawyers who shared in $3.3 billion in legal fees for representing the State of Texas in respect of its settlements with tobacco companies.

FURTHER FACT: The Local Field Office of the United States Government Secret Service is located at: 1801 Allen Parkway, Houston, TX 77109-2508: Telephone: (713) 868 2299. The crash occurred ‘in the 1900 block of the Allen Parkway’, according to the Houston Chronicle.

• Palfrey, Deborah Jeane: On 3rd May 2008, it was reported that this notorious ‘DC Madam’, aged 52, had been found hanged in a shed outside her mother’s mobile home in Tarpon Springs, Florida, on 2nd May. She was asphyxiated with a nylon rope tied round her neck. This ‘suiciding’ occurred just two weeks after she was convicted of running a prostitution ring serving the upper echelons of Congress and the George Bush Administration, as well as officials from the World Bank and the International Monetary Fund, according to the Times, London.

At her trial in April 2008, Ms. Palfrey insisted that her ‘business’, Pamela Martin & Associates, was a ‘legal, high-end erotic fantasy service’ supplying (corrupted) college-educated young women to engage in ‘quasi-sexual’ game-playing at the rate of $250 an hour. In January 2008, one of Palfrey’s call girls, a former University of Maryland Professor, Brandy Britton, killed herself before she could attend trial for prostitution. At an earlier stage, Palfrey was reported to have fled to Germany, but she subsequently returned to the United States. This raised unresolved suspicions that Palfrey’s operation may have been a honey trap operation, controlled by German ‘Black’ counterintelligence.

Deborah Palfrey sought protection by threatening to publish a list of her clients, and got as far as releasing some high-level Washington names. That implied that this was no genuine ‘suicide’, but rather another cover-up murder.

• Pang, Danny: On 12th September 2009, Danny Pang, aged 42, a Newport Beach financier, died suddenly in a local hospital. The cause of this death was not reported at the time, and details subsequently sank without trace.

• Picower, Jeffrey: This Palm Beach ‘billionaire’ was found [like Wim Duiesenberg: see entry] at the bottom of his South Ocean Blvd. swimming pool on Sunday 25th October 2009. According to Don Taylor, a spokesman for Palm Beach Fire Rescue, Picower’s wife and housekeeper called 911 at about noon. Jeffrey Picower was pronounced dead at 1:20pm after attempts to resuscitate him had failed. The 67-year-old former New York lawyer and accountant is alleged to have extracted billions of dollars from the Madoff Bush-linked Ponzi financial corruption nexus.

In May 2009, a Federal lawsuit was filed against Jeffrey Picower and his wife, Barbara, their Picower Foundation and several other defendants. The suit was filed by the Court-appointed Trustee who is presiding over the liquidation of Bernard L. Madoff Securities, Irving Picard. The lawsuit claims that Picower benefited from Madoff’s Ponzi scheme for over 30 years, to the tune of over $7.0 billion.

Far from Picower being a Madoff victim, as may have been thought earlier, the Trustee’s complaint against the Picowers states that Mr Picower should have known that unrealistically high returns such as 950% per annum, were false (in other words, he should, as a sophisticated investor, have been cognisant of the Prudent Man Rule). Mr Picower bought his 17,770-square foot mansion in Palm Beach, called Casa del Sud, in 1994 for $10 million.

The lawsuit filed by Irving Picard seeks $7.2 billion, and alleges that Picower regularly instructed Madoff to credit specific gains to his accounts, to enable him to withdraw billions over the past three decades. Picower said that he had no knowledge of Madoff’s Ponzi scheme. But Court papers filed by the bankruptcy Trustee assert that the late Mr Picower’s claim to be a victim ring hollow because he withdrew more of other investors’ money than anyone else. As is typical with such crooks, Picower hid his criminality behind a smokescreen of philanthropic gestures.

• Polanski, Roman: The notorious Polish-American film maker, aged 76, now a French citizen, was arrested in Switzerland on 26th September 2009 following arragements made by prosecutors in Los Angeles and Washington, The New York Times reported on 28th September (as did newspapers and the broadcast media everywhere else). As with the Levene case [see entry], this case should perhaps not be included, as we are not reporting a case of ‘sudden death syndrome’. However as will be seen, Polanski’s case is ‘connected’, so it has been included here. The film maker, who has done more than most to degrade Western morality, was detained as he arrived to receive an award at the Zurich Film Festival. The arrest concerns an allegation that he had sex with a 13-year-old girl in 1977. The arrest came as a ‘shock’ to Polanski, who has been travelling around Europe freely for years. He had just finished shooting a film in Germany, and often travelled to Switzerland, where he has maintained a home. In ensuing ‘explanations’ it was authoritatively pointed out by US sources that on previous occasions, Polanksi’s precise movements may not have been known, whereas on this occasion he was reliably reported to have accepted the invitation to receive an award.

However another ‘explanation’ is presented here. On precisely the same day that Polanksi was arrested in Switzerland, it was reported to us that an unnamed trader had also been arrested in Switzerland, and that a colossal sum (which ‘just happened’ to be $27.5 trillion, the amount ‘first thought of: see our 2006 Wantagate reports) was recovered in the process.

Knowing that the notorious film maker was also probably connected to intelligence (such evil people often are), we postulate that the Polanski arrest was formulated so as to MASK the parallel, much more important, arrest of the unnamed Swiss trader, which is connected with the headlong unravelling of the Fraudulent Finance pyramid triggered originally by our investigations.

During the week of 5th October 2009, Polanski was admitted to hospital, where he underwent X-ray examination. On Friday 16th October, Polanski was admitted to hospital A SEOND TIME. Mr Polanski was denied bail, also for the second time, on 20th October 2009.

• Powell, Jodie: On 16th September 2009. Jodie Powell, 65, former spokesman for President Jimmy Carter, was reported to us to have died suddenly. According to certain sources, the individual who was with him at the time ‘absented himself’ for a while, and when he returned to the scene, Powell was dead. Naturally, this scenario raises plenty of questions.

Powell was extremely well connected, and would have known where all pertinent skeletons are buried, including sensitive information about Carter himself, who will be shown later to have been implicated in the Fraudulent Finance scams.

• Roach, Jack: This CIA operative was murdered in the basement of Union Bank of Switzerland, Zürich, in January 2005. He was reportedly carrying sensitive banking codes related to implicated offshore bank accounts. Jack Roach was tortured with cigarette butts, a known ‘trademark’ of East European criminal thugs-for-hire, who were assumed to have been operating through cut-outs on behalf of Deutsche Verteidigungs Dienst, Dachau.

• Rocca, Patrick, 41, was reported by the Times, London, on 21st January 2009, to have been seen on 19th January wandering around outside his luxury Dublin in his pyjamas. A little while later he shot himself in the head while his wife Anette was out on the school run. He died from a single gunshot at the family home in Holmeleigh, an exclusive residential enclave on the edge of Dublin’s Castleknock Gold and Country Club. The late Mr Rocca was believed to have more than 20 million Euros of loans tied up with the Anglo Irish Bank, which the Irish Government had just announced that it was nationalising. The death occurred on the day that a High Court Judge was picking through the débris of a vast pyramid Ponzi scheme run by a Mr Briefne O’Brien.

• Russert, Tim: On 14th June 2008, Tim Russert, the NBC News Washington Bureau chief and the anchor man or moderator of ‘Meet the Press’, was reported to have died suddenly after a heart attack at the Bureau, aged 58. Russert was in the middle of recording voiceovers for the following Sunday’s programme when he collapsed. He was rushed to Sibley Memorial Hospital in Washington, where resuscitation efforts were unsuccessful. Russert was consumed by politics, and behind the scenes was also a senior Vice President and head of NBC’s Washington operations, orchestrating all of the network’s coverage of Government and political news. At the same time, Tim Russert had earned a reputation, unique among the ‘mainstream’ media, of not shrinking from asking politicians such as the criminal President George W. Bush, questions which might well rankle after interviews. His sudden and entirely unexpected death triggered immediate speculation that this was not in fact a natural demise. Earlier, he had been diagnosed with asymptomatic coronary artery disease, but it was well-controlled with medication and exercise, and Russert had performed well on a stress test in late April, Russert’s physician, Michael Newman, told NBC.

Suspicions were raised when it emerged that Russert had just interviewed Vice President Cheney, a man considered by observers to be ‘perfectly possessed’, and the former controller of the ‘Black’ MK-ULTRA program of unspeakable Himmlerian abominations. Russert had lunched with Cheney. He could have died after being terminated e.g. by a Venus ECCM device [see report dated 30th October 2009: Archive], and the media reported the cause of death as a sudden heart attack.

An autopsy revealed that Russert had an enlarged heart. President Bush Jr. interrupted a press conference in Paris to pay tribute to the broadcaster. The Bushes turned up at his wake a week later, as godfathers typically do after any sudden death with which they may have been associated, amid genuine national mourning for a man who was greatly admired, even loved, because he would not put up with political deceit and lies. It was reported that Russert had just completed a sensitive assignment and was on the verge of publicising information about criminal operations which would have caused the White House a degree of angst. It is uncertain whether this was a murder, but many people think so. Indeed, we were requested to insert this entry after closure of this report.

• Schnor, Christen, aged 49, a Danish-born senior executive with HSBC bank, was discovered on Wednesday afternoon 17th December 2008 hanging by a belt, naked, in the wardrobe of his £500-a-night suite at the Jumeriah Carlton Tower Hotel, Cadogan Place, in Knightsbridge, London, having also rented a £390-a-day apartment for his wife and two children in Lower Sloane Street, in the same plush area. Schnor worked at HSBC’s Canary Wharf office. This death resembled that of Amschel Rothschild who was discovered hanging in a high-class hotel in Paris on 11th July 1996.

• Senitt, Alan: Aged 27, Senitt, called a ‘rising star’ in the British Jewish community and openly a Zionist, was stabbed to death on 9th July 2006 by three men brandishing a gun and a knife, as Senitt was taking a young woman back to her apartment in a Georgetown neighbourhood in Washington, DC. His throat was slit, considered by some analysts to be a ‘CIA trademark’.

• Sharon, Ariel: The former Prime Minister of Israel suddenly succumbed to what was reported to have been ‘a stroke’ in 2006, and remained reportedly in a coma at Tel HaShomer Hospital in Tel Aviv thereafter. The Times, London, reported that Sharon turned 81 in late February 2009, and was still lying in a comatose state at the time of that report. Information about this state of affairs has been patchy and inconclusive throughout, raising probably well-founded suspicions worldwide.

• Silva, Paulo Sergio, aged 36, a trader for the brokerage component of the Brazilian banking conglomerate Itaú, was reported to have ‘shot himself in the chest’ during an afternoon trading session of the Sao Paulo commodities and futures exchange in November 2008.

• Smoliyaninov, Dmitry: Aged 31, Smoliyaninov, a Russian bond trader working in an emerging markets unit at Citigroup in London, jumped to his death from the Citigroup building at Canary Wharf, in the ineptly-named Docklands district, on 21st July 2006. He climbed up over a high barrier at the top of the 350 ft tower from a balcony within the glass Citigroup structure.

The barriers at the top are seven feet high, so he had to climb up before jumping. The suggestion, for public consumption, was that he was thought to have become depressed following alleged matrimonial problems and a difficult divorce. But sources dismissed this as a cover story. Further information on this death is given under ‘Credit Suisse dealer’.

• Stanford, ‘Sir’ Allen, in US Federal custody since June 2009, when he was arrested on charges of having operated, as we reported, a complex Ponzi scheme through his Antigua-based bank, and who had experienced secondary shocks following the Madoff implosion, appeared in a Houston courtroom on 14th October 2009 for one of his reiterated requests for bail, which was yet again refused. This was his first appearance in court since a reported brawl in the jail in September, which left him with two black eyes and a broken nose, according to his lawyers.

The Financial Times reported on 15th October 2009 that ‘the Texan appeared to be a shadow of his former, gregarious self. Visibly thinner, he stared blankly at his mother, girlfriend and children and occasionally wiped blood from his nose. His appearance and behaviour prompted David Hittner, the US District Judge overseeing the case, to ask whether he needed medical attention’.

Stanford’s court-appointed attorney, Ken Schaffer, told the court effectively that his client was being beaten up (although the words he used were ‘poorly treated’): ‘They’re doing their best to break him. That’s the thing you thought they did in other countries. Now, we find out they do it here’. Mr Schaffer said that while Stanford had been spitting blood periodically, the Government doctor merely ‘looks at him through a window and says he’s fine’.

Translation: If Stanford were to die in jail, covering up any such murder might present problems, given the Bush-connected circumstances. So he is being beaten senseless so that he won’t have the memory or physical and mental ability to testify coherently against the Bush-Clinton Syndicate for whom he ‘worked’. Recall that when his empire was collapsing, his first visit was to a location not a thousand miles removed from the George Bush Center for Intelligence, Langley.

Although not dead (yet), like all the others listed here (with the possible exception of Levene, whose condition, whether dead or alive, was unknown to this service when this report was being prepared), we have included Allen Stanford in the list – given that, from the perspective of the exposures and the cover-up operation, he might as well be dead.

• Stephenson, Andy: In 2005, Andy Stephenson, a US operative, was poisoned with a substance capable of mimicking pancreatic cancer, after travelling the length and breadth of the United States tirelessly exposing the wholesale falsification of election results by using doctored software and rigged electronic voting machines, thus making a total mockery of George W. Bush’s puffed-up, hypocritical boasting about ‘spreading democracy’ in the Middle East and elsewhere.

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

• Unnamed US Commerce Department official: A former US Assistant Secretary of Commerce was reported to have shot himself and his 12-year-old son when police appeared at his door in late July 2006. No further details were published.

• Vellanti, James: James Vellanti, the Chief Operating Officer for the New York Hedge Fund JNF Asset Management LLC, was reported on 28th September to have died early on Sunday morning 27th September 2009 after he fell from an escalator at the Pier Shops at ‘Ceasar’s’ Casino, Atlantic City, NJ. Vellanti lived in Clinton. Police were called to the huge mall, which has more than 75 shops and seven restaurants, and is connected to the casino by a sky bridge, at 12:01am. [Unconnected: This was the second death resulting from a fall from the escalator complex. On 9th August 2008, Frank Gilbert Jr., aged 25, of Galloway Township, fell about 40 feet, after he sat on the handrail. He died of head injuries later that day].

• Villehuchet, René-Thierry Magon de la, 65, founding partner and CEO of Access International Advisors, was found dead with his wrists slashed on the morning of Thursday 23rd December 2008, in his office at 509 Madison Avenue in Midtown New York City. The French financier, an aristocratic society fund manager with a chateau in Brittany, was found at 7:50 am with no pulse, in his office a couple of blocks from the Rockefeller Center. A spokesman for the New York medical examiner was careful to insist many hours later that he had not yet established the cause of death.

The financier employed a sizeable army of royally-connected ‘Alpine advisers’ to trawl the casinos, ski slopes and yacht clubs of Europe in frantic search of gullible wealthy prospective investors for participation in his fund, which in turn fed the demand for ‘replacement money’ for the Bernard L. Madoff Ponzi investment operations. M. de la Villehuchet’s connections and his own aristocratic pedigree enabled him to tap into a rich seam of intermediaries who helped to secure ‘replacement funds’ for the colossal Bush-connected Ponzi operation on behalf of Access, for onward placement with Madoff. His ‘advisers’ included Philippe Junot, first husband of Princess Caroline of Monaco, and Crown Prince Michael of Yugoslavia, described as an ‘investor relations executive’.

Families said to have invested with the French financier included the Rothschilds, other European grandees, and heirs to the L’Oréal cosmetics fortune, especially 86-year-old Liliane Bettencourt, daughter of the L’Oréal SA founder, Eugene Schueller, who is reported to have invested part of her fortune estimated at $22.9 billion with Bernard L. Madoff through the dead French financier. The old lady holds a 30% shareholding in L’Oréal SA, which is the world’s largest manufacturer and purveyor of cosmetics. In a letter dated 12th December 2008 to its clients, Access International Advisors stated that funds, including its LUXALPHA SICAV-American Selection, were invested solely with Bernard L. Madoff’s investment firm. Data compiled by Bloomberg showed that it had $1.4 billion in assets as at 17th November 2008.

Reporting M. de la Villehuchet’s death, The Daily Telegraph (on 24th December 2008) cited an anonymous source as stating that it was ‘highly likely’ that the French financier committed suicide, while a French newspaper reported that he killed himself. However it is just as probable that he was killed in order to prevent him from turning state’s evidence, given that following the Madoff implosion, he will have recognised that he had been deceived.

• Wasserstein, Bruce: The notorious Brooklyn-born son of Polish Jewish immigrants and head of Lazards, the investment bank, dubbed ‘the father of modern M&A (mergers and acquisitions)’, and a king of Fraudulent Finance, was reported on 15th October 2009 to have died suddenly, aged 61.

On Sunday 11th October, it was disclosed that he had been taken to hospital with an irregular heartbeat. The bank had stated that his condition was serious, but also that he was ‘stable and recovering’. Doctors unrelated to the case told the press, however, that arrhythmia (irregular heartbeat) can be fatal. On the evening of 14th October, the investment bank told the media that the cause of his death had not been determined [source: The Times, London, 15th October, 2009, page 57]. The Financial Times stated in its font page report on the banker’s sudden death that ‘Mr Wasserstein’s death took many friends and colleagues by surprise’. It was being speculated in US circles during the week ending on 16th October 2009 that Wasserstein had turned state’s evidence and was killed so that he could not testify – given that a National Security Grand Jury is reported to us to be engaged in detailed investigations of these Fraudulent Finance exposures.

• Widmer, Alex, Chief Executive of Bank Julius Baer, Zürich, aged 52, was reported by Reuters on 5th December 2008 to have ‘committed suicide’. Two unnamed ‘independent’ sources were cited by the Swiss News website 20Minuten to have stated that the death was a suicide.

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

• Wisniewski, Bianca: This Polish immigrant, aged 44, died when asleep in a fire in Queens, NY, which broke out on Sunday 18th October 2009. One of her two daughters and two male relatives were injured in the blaze. Unusually, this lady became a construction worker, enjoying herself immensely working in this male environment. She became a safety coordinator at a JPMorgan Chase construction site early in 2007, suffering, she said, constant harassment. After she had complained, she lost her job, the Daily News reported on 19th October. She filed a $20 million sexual harassment lawsuit against Chase and Total Safety Consulting in Queens.

Her boyfriend, Bogdan Balamut, told the Daily News that she had been receiving strange phone calls and he hoped that officials would ‘investigate carefully’. Information about this case has been sent to us by an observer with ‘connections’ who has reason to believe that this death is ‘related’.

• Zankel, Arthur: On 30th July 2005, Arthur Zankel, 73, a former Citigroup financier, threw himself out of his Fifth Avenue apartment window in New York City. He fell from the ninth floor.

* Note: We are in full agreement with the following letter published in The Daily Telegraph, London, on 4th October 2009, under the heading: ‘Special Relationship’:

Sir: [A previous correspondent to the paper named] Ted Shorter appears to think that the Anglo-American “special relationship” requires that Britain not upset America [Letters, September 27]. Perhaps he has forgotten that successive American Administrations aided terrorism by refusing to stop Americans’ donations to the IRA during its 30-year campaign in Britain and by snubbing British Ministers’ requests to extradite Irish terrorists.

Mr Shorter says [that] one of the ingredients of a special relationship is loyalty, But what use is a one-sided loyalty which means in practice craven submission to misguided American foreign policy without a commensurate influence on events? He and others on this side of the Atlantic who are believers in a “special relationship” should face the fact that there has been nothing special about it for decades, for the very good reason that British and American interests are often divergent.
– David Woodhead, Leatherhead, Surrey.

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

LEGAL TUTORIAL: The Steps of Common Fraud:

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

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

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

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

Step 3: Theft by Deception and Fraudulent Conveyance:

THEFT BY DECEPTION:

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

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

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

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

FRAUDULENT CONVEYANCE:

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

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

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

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

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

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

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

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

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

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It has now been established that the National Security Agency (NSA) works with/controls Microsoft, Norton, McAfee, and others, in pursuit of the Pentagon’s vast BIG BROTHER objective, directed from the ‘highest’ levels (not the levels usually referred to) which seek to have every computer in the world talk direct to the Pentagon or to NSA’s master computers.

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

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

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

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

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

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

*VISTA: Virtual Instant Surveillance Tactical Application.

OPERATIONS OF DVD, DACHAU AGAINST THE ‘MAIN ENEMY’

 ATROCITIES AND ‘ACTS OF WAR’ MASTERMINDED BY GERMANY’S ‘BLACK’ AGENCY

Saturday 20 September 2008 00:00

• SECURITY UPDATE: Following the threats delivered on Thursday 18th September against the Editor of this service, intelligence, military and police responses to protect our Head of State, and the Editor of this service, for which he is extremely and humbly grateful, have been and are being taken. They are the subject of a short report dated 21st September 2008 [see Archive].

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

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

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

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

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

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

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

*VISTA: Virtual Instant Surveillance Tactical Application.

Economic Intelligence Review contains Michael C. Cottrell’s Rules-Based Reform Plan and the extensive Glossary of Financial Market Definitions. Publication date: Friday 15th August 2008.

• See our report dated 12th August 2008 inter alia for historical intelligence on GEORGIA. See reports dated 14th, 16th, 18th and 19th August for Georgia and Settlements Crisis Updates.

• INTERNATIONAL CURRENCY REVIEW, Volume 33, #s 3 & 4, all 972 pages of it, is making waves all over the world. It contains a blow-by-blow deconstruction of this crisis via the Wantagate plus our further analyses: and everything published therein is now well and truly ON THE GLOBAL PUBLIC RECORD. Accordingly the whole world owns a detailed, damning account of the serial criminality of the Bush-Cheney-Clinton ‘Box Gang’ et al., which CANNOT BE EXPUNGED FROM THE RECORD.

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

• Please Make a Donation, if you feel able to do so, to help finance Christopher Story‘s ongoing global financial corruption investigations. Your assistance will be very sincerely appreciated and will make a real difference, hastening the OVERDUE resolution of the worst financial corruption and linked financial fallout in world history. The Editor’s $35,000 Wanta bail-out money has been stolen.

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

• MEMO: All anonymous emails lacking coordinates addressed to the Editor of this service via any of our email addresses and this website are automatically deleted on receipt. Therefore, those who believe for some reason that it is helpful to send the Editor offensive or obscene emails, using bad language to no effect, are wasting their time. If you won’t reveal who & where you are, don’t bother!

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

• THE JEWISH DIMENSION: This report focuses, as trailered, on the secret (now much less so, since it has been broadly exposed) ‘Black’ pan-German Nazi Strategic Deception Continuum, the ongoing successors of the Nazi Abwehr, Deutsche Verteidigungs Dienst (DVD). It does not deal with OTHER dimensions of the World Revolution, such as the Jewish and Russian-Jewish mafiya dimensions, and the underlying geomasonic and Illuminati dimensions, except in passing, because this report’s focus is the DVD. One cannot crowd everything into a single report. This is not a book.

The Russian-Jewish mafiya dimension is extensively covered by us in Global Analyst, Volume 3 #1, scheduled for publication shortly. The other dimensions (including the geomasonic and Illuminati dimensions) are likewise extensively addressed in the Editor’s book ‘The New Underworld Order‘, available from the books section of this website [Edward Harle Limited, London and New York].

• The Zionazis and the Nazis ‘meet’ at DVD, Dachau: this is the big, now exploding, ‘secret’.

GERMAN COUNTERINTELLIGENCE ABOMINATIONS AGAINST ‘THE MAIN ENEMY’
Our exposures to date of the destructive operations of the pan-German long-range strategic deception and counterintelligence ‘Black’ Nazi Continuum agency, Deutsche Verteidigungs Dienst, Dachau, have now shifted to a new level. Detailed evidence of and information about these long-range operations and de facto ‘Acts of War’ against ‘the Main Enemy, viz. Britain and the United States, by the pan-German Nazi Strategic deception Continuum, are summarised in the following presentation. We understand that DVD are absolutely staggered that they have been exposed.

Posting of this report has been brought forward because of the gunshot threat received at 1.40pm British time on 18th September. We had hoped to avoid posting this report at the very peak of the Settlements crisis, but the Editor HAS NO CHOICE because the period between the warning and exposure is very dangerous. We posted the gunshot phone message at the top of the ‘Führer’ report dated 18th September, and reproduce it here now for context:

• TRIPLE GUNSHOT THREAT PHONE CALL TO THE EDITOR:
At 1.40pm UK time (8.40am EDT) on 18th September 2008, the Editor’s main phone rang. The Editor does not answer his calls but all our incoming calls are checked. The message consisted of:

• THREE SUCCESSIVE GUNSHOTS: GUNSHOT. GUNSHOT. GUNSHOT. End of phone message.
Some people have chosen to MISINTERPRET what is said here. The message was not the WORD ‘gunshot’, but a recording of three ACTUAL GUNSHOTS. We thought that was obvious.

All incoming phone calls are recorded on our voicemail system. The Editor was present when this incoming call was received and reported it immediately to third parties who have annotated this event in their records. The voicemail system recorded all incoming phone calls we received before and after 1.40pm on 18th. THE GUNSHOT MESSAGE WAS NOT PICKED UP BY THE VOICEMAIL.

This indicated that it is an intelligence operation. The Editor has been advised that prime suspects are George Bush Sr. (41), the George Bush Centre for Intelligence and Terrorism (CIA, Langley), and John Scarlett, head of MI6/General Operations-2 (GO-2), Vauxhall, London. The direct shooting threat arises from the Editor’s exposures of the financial criminality and from our trailing of the DVD report, which incriminates DVD and Bush 41 inter alia in the nuclear arming of Iran. The Editor has made sure that relevant ‘Friends’ know about this explicit threat (Number 17), and we report this information for international and domestic official and public consumption so that if anything now happens to the Editor, the whole world will know that this is a CIA/DVD operation. The ‘gunshot’ threat was followed, as reported on 18th September, by another threat from a CIA front operation serving the interests of DVD; but there have been no further threats since the publicity.

• IMPORTANT: As a direct consequence of these threats to shoot the Editor, this report has been strengthened in the following respect. The original draft OMITTED to identify a key figure, and it had been agreed with contacts that we would not mention the individual’s name. But now that the Editor has been specifically threatened with shooting, he is left with no option but to publicise the sensitive name in question. This is because it is not possible, now, to leave anything out of this report, as the murderers have revealed their intentions and the Editor has to protect himself.

SCOPE OF THIS REPORT
We will reveal in this report the extent to which the world’s problems are attributable to the pan-German Nazi Continuum based in Dachau, near Munich, where we have also separately identified an occult ‘Black’ centre in the Dachau area at a spot where 8,000 Soviet prisoners were shot dead.

The de facto head or controller of DVD, at least in the Western Hemisphere, is the world’s most wanted arch-criminal, former President George H. W. Bush (Sr.), the man who has held the whole world to ransom for years. This criminalist operative controls the Central Intelligence Agency (CIA) and its associated US intelligence community entities, which the Bushes call ‘the enterprise’.

In a stupendous coup, Bush Sr. procured the naming of the CIA’s Langley complex the ‘George Bush Center for Intelligence’. We have renamed this foreign-controlled Fifth Column subversion engine the ‘George Bush Center for Intelligence and Terrorism’.

One consequence of Bush’s coup is that it makes it much harder for the CIA to ‘clean up its act’, which is a prerequisite for the survival of the United States as a viable Republic.

It is bad enough for a country to allow a ‘State within the State’ to develop: but when it transpires that the ‘enterprise’ in question is a corrupted, self-financing criminal organisation, protected by Statute, and which is permanently engaged in every ‘Black’ activity that modern depraved humanity can invent, the country’s citizens have a serious problem. Most do not yet seem to ‘get’ this.

INTENDED HEGEMONY OF CRIMINALIST OPERATIVES
For the Government to have spawned an uncontrollable ‘State within the State’ which winds up controlling the Government itself, is an intolerable situation, not least since the criminalist norms of the ‘State within the State’ clash daily with the Rule of Law which the Government itself exists to uphold. There is a fundamental incompatibility between an official organisation that is licensed by the Government itself to break the law as a matter of course, and the concept of the Rule of Law.

That this state of affairs exists reflects the pernicious influence of the corrupt mindset of double-mindedness, which is the curse of the intelligence community, modelled as it is on the aberrant environment envisaged by Emile Dirkheim (1858-1917), who postulated a world in which criminal operations are the norm, and adherence to the Rule of Law is considered to be eccentric.

The whole world would be controlled by criminal operatives who would regard lawful behaviour as aberrant and counterproductive. George Bush Sr. and his associates belong to this evil school.

The US intelligence community, loosely called the CIA, derives its authority from the unsatisfactory National Security Act, et seq., which is aptly describable as a ‘crooks’ charter’, given that the wholly amoral ‘ethos’ of US operatives allows that everything under the sun is permitted, with one crucial exception: getting caught. If you are found out or exposed, you are on your own.

Indeed, the CIA is notoriously ruthless towards those operatives or assets with whose services it has dispensed. It will stop at nothing to destroy them. Its de facto modus operandi is to use its operatives, assets and targets, and to drop or double-cross them when ‘circumstances change’. The CIA has been accurately identified as a ruthless instrument of the darkest forces on earth.

Like all intelligence communities, the CIA is penetrated and fragmented into warring factions, with a widening split noticeable between the American-based CIA Germanics and some European-based CIA operatives, often of German extraction, based in Frankfurt, Germany.

Logical connections, such as the close links that one would expect between the Bush/German CIA and the Japanese, appear to have splintered and gone sour, just as Bush Sr.’s influence with the Chinese has decayed, so that he/his operatives often fare better in Shanghai than in Peking.

However the CIA’s poisonous internal splits are not sufficient for it to have yet destroyed itself from within, although its activities are universally destructive and cannot be redeemed.

The collapse of its fraudulent finance operations that we are witnessing today may very well have profound consequences for this ‘State within the State’. Certain components of the US intelligence community are known to have been penetrated by the Nazi Abwehr/DVD almost from the outset, most noticeably the extremely dangerous Office of Naval Intelligence (ONI), which was penetrated almost from the time of its establishment.

This accounts, for instance, for its current hateful ongoing subversion and corruption operations against certain members of the British Royal Family.

THE SELF-FINANCING ‘STATE WITHIN THE STATE’ MUST BE DECAPITATED
With such a monster – which derives its strength, despite its manifold internal divisions, both from its illicit financial operations and drug-trafficking and from its power of penetration – out of control, the Republic finds itself in innumerable quagmires, all of which arise explicitly from the amoral, the wayward, the unchecked, the licentious and the reprobate misbehaviour of this ‘State within the State’. Cutting this behemoth down to size and thwarting its depraved, subversive operations both at home and abroad, needs to be the highest priority objective of all Americans. There is no sign at all that the corrupted political (CIA) Establishment has the will or any intention to put things right. Absent drastic reform, the Republic will continue to be battered, jeopardised and diminished.

To make matters far worse, the CIA is de facto controlled by DVD, as a consequence of two facts: first, the well-known mass ‘reverse’ penetration of US intelligence and other structures following the Second World War by Nazi intelligence operatives and scientists, under ‘Operation Paperclip’ and its successors, together with the dangerous absorption of the Gehlen Organisation into the CIA (represented today by the CIA base at Frankfurt-am-Main, which can be considered a close ally and/or an extension of the DVD, Dachau); and secondly, the control over the CIA that is exercised by George Bush Sr., who, being an agent/operative of DVD, is a traitor to his country who ought to pay the penalty for his betrayal. His age is wholly irrelevant: if old Nazi Holocaust perpetrators in their ‘eighties’ have been rounded up and confronted with their crimes, so can G. H. W. Bush Sr.

Now it is a peculiar fact (mentioned to us by several intelligence sources) that once headstrong, cunning people like George Bush Sr. have controlled the intelligence community, they consider that they continue to do so AFTER leaving office. This is really an extension of the adage ‘once an intelligence operative, always an intelligence operative’ – a variant of ‘there is no such thing as a ‘former’ intelligence officer’. But George Bush Sr. has given new meaning to this model: to this day, he considers that the CIA is his plaything, and must follow his instructions. After all, is not CIA Langley entitled the ‘George Bush Center for Intelligence’? It feebly dances to his tune.

BUSH SR. DELIBERATELY CONFUSES CONTROL OF FUNDS WITH THEIR OWNERSHIP
Bush Sr. has also repeatedly asserted (as he did when confronted yet again even as late as August 2008) that HE owns (or did own) all the (stolen) money.

This crass delusion arises from his confusion between control and ownership. It is convenient for him to assume that because he believes that he controls the ‘State within the State’, he therefore OWNS the (stolen) money. Actually, the funds (both the residual ‘real’ funds and the nanomoney) are derived inter alia from the following main sources:

(1) Old Chinese money that has been massively ‘traded up‘;

(2) The ransacking of Continental Illinois Bank and Trust Company in the 1980s after Bush Sr.’s special panel investigating the US financial system during the early 1980s had discovered its weaknesses, whereupon Bush Sr. and his cronies set about exploiting them from 1984 onwards;

(3) Money criminally siphoned out of the Savings and Loan Associations (thrifts) in the 1980s;

(4) The Financial Warfare operations against the Soviet Union undertaken by Western intelligence, with help from the Taiwanese Kuomintang operative Howie Kwong Kok, Leo Wanta’s ‘partner’, the son of a distinguished pre-1949 Admiral in the Chinese Navy;

(5) The ‘duplication’ of the ‘Wanta’ $27.5 trillion, raised from 200+ international banks in 1992, reported in our earlier Wantagate reports and in International Currency Review;

(6) Funds/assets stolen from the ransacked ‘Prosperity Programs’ and their like, some of which, we understand, were identified in the lock safety boxes raised by the Metropolitan Police at three London locations (Mayfair, Edgeware and Hampstead) on 2nd June 2008, as previously reported. These funds have been retrieved, but what has happened to them post-retrieval is unknown to the Editor of this service at this time. We believe that the identification of these funds/assets may well have formed part of the vice-like grip in which the criminalist operatives are held ‘as we speak’.

(7) The $4.5 trillion brought over from the People’s Bank of China in 2006 on the announced pretext of financing what the Editor of these services described as ‘The Wanta Plan’, a name that ‘stuck’. These funds were hijacked by ‘Paulson’, used illegally for hypothecation and leveraging purposes, and multiplied for corrupt private gain. They were ‘replaced’ by LOAN item (8) below.

(8) The $6.2 trillion placed with Citibank to prevent its collapse, by HM The Queen and Prince Al-Waleed bin Talal bin Abdulaziz, also probably applied for duplication/multiplication purposes at Citibank, which is illegal. These funds were sitting in a frozen suspense account when last heard of. They must be refunded on the basis of the legal principle: ‘The money you make by the illegal use of my money, is my money’, with compound interest.

(9) The legal principle ‘The money you make by the illegal use of my money, is my money’ also applies to the proceeds of the illegal trading of Her Majesty The Queen’s gold, which we reported was stolen during a UK banking ‘black hole’ on 29th-30th March 2007 and, after we had kicked up a terrible fuss, was evidently fully recovered circa July 2007.

Funds derived from this illegal trading belong, by definition, to The Queen. Whether some/all of these proceeds constitute the large element of the $6.2 trillion LOANED by The Queen and held with Citibank, is unknown to the Editor at this time. What IS known is that Citibank has not, at this posting, been buffeted in the prevailing financial tsunami like the investment institutions which have engaged in this fraudulent finance carousel all these years.

The reason for this is the presence at Citibank of the $6.2 trillion. If that were removed, as The Queen and the Saudi Prince are entitled to do, especially The Queen given that the frauds were committed against the British Sovereign, life at Citibank might become ‘problematical’.

HOWIE KWONG KOK’S DEMISE WAS ANOTHER LIE: HE SANCTIONED THE $4.5 TRILLION
Contrary to earlier assertions, reported with a degree of scepticism at times by this service, Howie Kwong Kok was not, after all, poisoned after ingesting rat poison in Singapore in 1992. In May 2003, Marc Delmart Vreeland, the Office of Naval Intelligence (ONI) operative interviewed in Canada by the Editor, informed us that Howie Kwong Kok is alive and operating from a skyscraper in Taipei, Taiwan (on the 33rd Floor, of course). This fact was unexpectedly confirmed to the Editor of this service on the 24th August 2008, when, in the course of recounting the Singapore episode, the British intelligence community party to whom he was speaking interrupted and said that one of his associates had been speaking to Howie Kwong Kok on the telephone about two weeks earlier.

Since the Editor also knew that Kwong Kok’s wife, when taken to the morgue in 1992, had indicated that the body she was shown was not that of her husband, it is hereby confirmed that the ‘line’ that Howie Kwong Kok was murdered by ingesting rat poison shortly after a visit to Singapore by Bush Sr. in 1992, is false. Moreover Leo Emil Wanta, who went to the morgue, was quickly ushered away before he could see the body, we understand. Wanta wound up thrown into jail, and was exfiltrated from Singapore by a distinguished US agent to the US West Coast, and thence to Canada.

CHINESE INTELLIGENCE OFFICER MUST HAVE OK’D WANTA FUNDS
Obviously, the ‘line’ that Howie Kwong Kok was murdered in Singapore in 1992 must have been false because the $4.5 trillion that was released from the People’s Bank of China following the visit to Peking (or Taipei?) of former US Treasury Secretary John Snow and Dr Alan Greenspan after Leo Emil Wanta’s irregular probation had been terminated effective 14th November 2005 as a direct consequence of the Editor’s provision of $35,000 of scarce private funds to ‘settle’ Leo E. Wanta’s improper ‘restitution’ and other costs imposed by the Wisconsin kangaroo court (see Wantagate reports), could not have taken place without Howie Kwong Kok’s agreement and signature.

The $4.5 trillion ‘compromise’ sum which was duly transferred to the US Treasury in May 2006 was then hijacked by the criminalist operator Mr Henry Paulson Jr., who was appointed by President George W. Bush to replace John Snow as US Treasury Secretary effective June 2006. Paulson is reported to us to have advised George Bush Jr. that he and associates could make vast sums of money using the ‘captured’ $4.5 trillion as their platform, which they now all proceeded to do.

The lie that Howie Kwong Kok was murdered can be seen to have paralleled the lie that Leo Wanta was ‘dead’, as reported in our Wantagate reports. Both lies were fabricated by the CIA for the same purpose: to give George Bush Sr. and his operatives and other criminalist associates scope for seizing control of all the funds, including nanofunds, amassed by L. Wanta and Howie Kwong Kok inter alia in during the Reagan-ordered Financial Warfare operations against the Soviet Union.

EXAMPLES OF OFFENSIVE OPERATIONS AND ATROCITIES ORCHESTRATED BY THE DVD
Anyway, the scene is being set in this report for examples of the immense damage and evils that have been inflicted on the United States, Britain and the entire world by the Pan-German Nazi counterintelligence Continuum that we have identified. We further understand on impeccable UK authority that the DVD, which, like the US financial criminals, never thought they would be exposed, are becoming more and more concerned about the progress and extent of this exposure of their criminality and of their endless subversive operations against the supposed allies that they hate – their intention being not least to reverse the outcomes of the two World Wars. The ‘triple gunshot’ call left as a crude warning to this Editor at 1.40pm (UK) on 18th September, testifies to this reality.

The DVD ‘reports to’ the German Chancellor, who does not tell them what to do. On the contrary, since, like the CIA, the DVD is self-financed from the proceeds of its control of ‘trading’ (especially through Deutsche Bank) and from the fruits of its criminalist operations, including drug-trafficking going back to before the Second World War, it tells the Chancellor what it chooses, and pursues its long-range pan-German deception, subversion and hegemony strategies autonomously, on the same ‘State within the State’ principle as the CIA. It employs the immense obfuscation and ‘Black’ activities of the Illuminati as cover for these operations. We have identified, in Dachau, an occult centre believed to be linked to the DVD, where hideous ‘Black’ ceremonies/sacrifices take place.

The language spoken by the 1.1 million US geomasonic Illuminati victims and perpetrators of their ancient abominations, certainly in group contexts, is German. Further background on this subject is published in the Editor’s work ‘The New Underworld Order’.

SELECTED DVD-PLANNED ‘BLACK OPERATIONS’:
The immense scope of the ruthless behaviour of this pan-German ‘Black’ agency include the following sequences, which we have chosen for illustrative purposes here. The list is far from comprehensive, and evidence of further DVD operations is constanty emerging.

So, obviously, the episodes and events described below are representative only of the colossal damage inflicted over the years by the Dachau-based Nazi pan-German Strategic Continuum and its deluded and traitorous adherents within the corrupted US intelligence and Government structures.

The sequences of events surrounding and associated with the assassination of President Kennedy and his brother are excluded from this summary because of the immense scope of the evidence, but observers should be aware that the Kennedy assassinations were centrepieces of the ‘Acts of War’ perpetrated by the undefeated enemy against ‘the Main Enemy’, Britain and the United States:

• THE ENRONISATION OF JAPAN:
The systematic ‘enronisation’ of Japan was orchestrated the Bush Sr./Greenspan clique and their co-conspirators, inter alia via the hypothecation of bonds that became worthless, the crashing of the Japanese yen, and then the further exploitation of the Japanese financial system via the ‘carry trade’. The disgusting televised event when George Bush Sr. vomited at a banquet in Japan, which the Editor discussed with his late former Jesuit friend Fr. Malachi Martin (when both of us agreed that it was a ‘satanic event’), was an attempt by Japanese intelligence to poison him, in retribution for the damage that Bush Sr. had inflicted on Japan’s financial economy.

• THE ENRONISATION OF OTHER COUNTRIES:
Other countries that have been ‘enronised’ by the Bush-directed criminalist enterprise – that is to say, ‘hollowed out’ by means fraudulent finance operations designed to suck real value out of the targeted country in exchange for worthless non-assets – include the following: Argentina, Estonia, Iceland, Ireland, Latvia, Lithuania, Spain, the former Soviet Union, and Zimbabwe. Britain has been partially ‘enronised’. Electricity supply and water utilities are owned by German firms, and there are no British motor manufacturers left (although cars are manufactured here under foreign marques).

• GERMAN TAKEOVERS OF BRITISH BUSINESSES:
British business are being systematically acquired by German interests, in fulfilment of the plan originally outlined in ‘Europaische Wirtschaftsgemeinschaft’, the ‘Plan B’ long-range strategy that was first aired at a Strategy Conference in Berlin in 1941 and was further developed by the Nazis’ German Geopolitical Centre in Madrid. Here is a selection of vital British firms that are now owned by German interests: that is to say, the unrepentant, unreformed secret antagonists of the ‘Main Enemy’ have acquired hegemony over the following vital assets (names of the German owners in brackets): Boots Pharmaceuticals (BASF); Cornhill Insurance (Allianz); Grattan Mail Order Co. (Otto Versand); Kleinwort Benson (Dresdner Bank); Lansing Fork Lift Trucks (Linde); Lloyds Chemist (Firma Gehe GmbH); Morgan Grenfell (Deutsche Bank); One2One Mobile Phones Co. (Deutsche Telecom); Plessey Electronics + Digital Communications (Siemens); Powergen Electricity and Gas (E.ON AG); Midland Electricity (E.ON AG); Rolls-Royce (Volkswagen); Highland Energy (RWE); Innogy Electricity (E.ON AG); Thames Water (RWE); Thomas Cook (WestL.B, originally) (1).

The alienation of these and other vital assets in deference to the current vogue for international inclusiveness and ‘One World’ collectivisation, represents a foolhardy breach of national security which will have to be reversed when the time comes for Germany’s never-ending depredations against the ‘Main Enemy’ to be addressed. This time has more or less arrived now.

• THE GLOBALISATION DECEPTION:
Globalisation provides blanket cover for the wholesale ‘hollowing out’ of real value by the CIA/DVD criminalist cadres through the extraction of real value in exchange for worthless securitised junk paper sold to foreign counterparties too slow on the uptake who didn’t do their due diligence, and certainly never understood in good time that they were dealing with ruthless organised criminal operatives embedded within the US official structures, assisted by corrupted intermediaries and institutions dedicated to the open-ended perpetuation of the fraudulent finance paperchase and carousel yielding monetisable assets, PROVIDED THE CAROUSEL NEVER STOPPED.

It has, of course, been brought to a shuddering halt, AS WE ANTICIPATED: and right now, the main preoccupation of the cornered official criminalists and their institutional co-conspirators and CIA associates is to emerge from this mess of their own making with plenty of repackaged debt so that they can carry on with a new carousel as soon as an accepted ‘resolution’ has been ‘confirmed’.

The CIA is interchangeable here and almost throughout this analysis with the DVD, Dachau.

• GERMAN TAKEOVERS OF AMERICAN BUSINESSES:
The other component of the ‘Main Enemy’ is the United States, and German interests have been no less assiduous in buying up US assets for strategic reasons, which include theoretically making it much harder for any decisive action to be taken against the predatory German Nazis in the future. Here is a selection of leading US firms that are now owned by German interests: that is to say, the unrepentant, unreformed secret antagonist of the ‘Main Enemy’ have acquired full control over the following vital assets (names of German owners in brackets): Airborne Express (Deutsche Bank); American Water Works (RWE); Arista Corp. (BMG Entertainment); Bankers Trust (Deutsche Bank); Chrysler (Daimler-Benz); DHL Couriers (Deutsche Bank); Doubleday (Bertelsmann); Farrar, Straus & Giroux, book publishers (Holtzbrinck); Fireman’s Fund (Allianz); Henry Holt (Holtzbrinck); Marion Merril Dow Chemical (Pharmaceutica Aventis); MEMC Electronic Metals (silicon wafers and chips) (E.ON AG); PIMCO Advisers Holdings (Allianz); Random House Books (Bertelsmann); RCA (BMG Entertainment); Shared Medical Systems, SMS (Siemens); St Martin’s Press (Holtzbrinck); Top Tier Software, Inc (SAP AG); VoiceStream (Deutsche Telekom); Westinghouse Electric Co. (Siemens); Windham Hill Record Co. (BMG Entertainment); Zurich Scudder Investment (Deutsche Bank). (1).

(1) Reference: The German takeovers of British and US assets were compiled by the veteran 94-year-old British analyst Harry Beckhough, who was a top intelligence officer and codebreaker at Bletchley Park (Station X) during the Second World War. On returning home as Lt. Colonel Royal Artillery Intelligence, Harry Beckhough became S.O.I. (Senior Officer) with the Foreign Office, with a remit to resuscitate the Rhineland Universities of Cologne and Bonn. While engaged in this activity he frequently met Dr Konrad Adenauer, the Hitler-era Mayor of Cologne and friend of Herr Hitler’s favourite German bankers, Drs Abs and Pferdmenges. For four years, to the end of 1950, Harry met many of the leading political and other figures in Bonn, who spoke to him freely, as an academic, of their Nazi plans for the future. He has very extensive knowledge of Germany and has explored the development of its aggressive long-range nature and intentions from its earliest years. Harry has published studies, the latest of which is entitled ‘Germany’s Fourth Reich’, exposing the inherited desire for domination and control which has been Germany’s primary characteristic through major wars and confrontations over the centuries, invariably and inevitably ending in absolute chaos, as Nietzsche, the leading German philosopher, exemplified. In the prevailing US financial corruption crisis, the same characteristic has manifested itself: the German element has gone too far and has driven the United States and the whole world to the brink of financial and economic chaos. At the same time, the controlling clique has lost control of its own chaos-manufacturing machine, like the Sorcerer’s Apprentice. The whole world now recognises the unbroken record of these maniacs.

• PROVISIONAL IRA SET UP BY SKORZENY:
DVD set up the Provisional IRA (Irish Republican Army). In the 1960s, SS Standartenführer Otto Skorzeny, working for DVD Chief Admiral Canaris (who was not hanged in the nude at Flossenberg on 9th April 1945 as maintained by the Nazi disinformation apparat working out of the Nazis’ German Geopolitical Centre in Madrid, set up in 1942), went over to live in Ireland, where he established the Provisionals. The original Irish Republican Army (IRA) was set up by the Soviet GRU/KGB: but since German and Soviet intelligence work together (see below), these two facts are compatible. In fact, since Stalin was murdered (via the ‘Doctors’ Plot’) after it had been discovered in Moscow that not only Lavrentii Beria, Stalin’s Interior Minister (MVD chief) had been ‘working for’ the Germans, but also that Josef Djiugashvili-Kochba (Stalin) was an Abwehr penetration as well – which was why he destroyed the Soviet officer class – the DVD concluded that continuing KGB support for the IRA could no longer be relied upon: hence the establishment by Skorzeny of the Provisionals.

Note: Wilhelm Johann Carl Eduard Stieber, who flourished as THE top Prussian spymaster from the 1840s, is regarded as the intellectual and practical godfather of the modern manifestations of both German AND Soviet/Russian intelligence and counterintelligence. Therefore the interchangeable identities, for practical purposes, of the CIA and Deutsche Verteidigungs Dienst (DVD) mean not least that the CIA is tied into Soviet covert intelligence through its hooks inside DVD, Dachau. It is also at Dachau that the Jewish dimension of the World Revolution meets the German dimension, as Zionists are ‘Zionazis’. ‘Neocons’ are Trotskyites, who have the same mentality as the old Nazis. The French dimension of this snakes’ nest is alluded to separately in this report, in which we show, with the assistance of the highly respected French analyst Thierry Meyssan, that the CIA et al have their hooks in the Administration of the Jewish-Hungarian President of France, Nicolas Sarkozy.

Detailed information about Stieber’s operations and his reorganisation of both Prussian and later Russian intelligence and counterintelligence was published in our journal Soviet Analyst, Volume 30, Numbers 1-3. As a consequence of Stieber’s efficiency in protecting Emperor Frederick William during the Communist revolutionary rioting in 1948, Stieber acquired an extraordinary degree of influence over the Emperor and was awarded carte blanche to apply his expertise to the Prussian intelligence networks. But the downside was that when this obstinate and reactionary Monarch began to sink into imbecility and insanity, Dr Stieber started to lose his influence, since the other courtiers were envious. The appointed Regent, who later became William I, did not relish Stieber’s dark personality, and the access Stieber previously enjoyed was closed down. Dr Stieber, who had assisted the Tsar earlier in covering up some scandal involving Royalty, then offered his services to the Court at St. Petersburg, which was readily accepted. This is the historical background to the ongoing close collaboration between the Prussian/German and Russian/Soviet counterintelligence communities. Failure to understand this central reality is a key source of misunderstanding.

As it happens, Angela Merkel, the German Chancellor, was cited by Bloomberg on 10th September 2008 as confirming the pinpoint accuracy of the foregoing information. Addressing an occasion in Leipzig marking 50 years of the natural gas corporation VNG Group, Merkel said that Germany and Russia are ‘bound by common ties stronger than any ‘controversies’ that may divide them’: a blunt observation which precisely illustrates the dialectical reality that the two intelligence communities interact and inter-react in accordance with the prevailing ‘correlation of forces’, to cite Lenin here.

Merkel served in her younger days as the Secretary to the Agitation and Propaganda (Agitprop) Department of the Communist Youth Wing at Karl Marx University in East Berlin.

Chancellor Merkel, who does not tell DVD what to do (the reverse is the case) couched her loaded remarks in the context of Russian gas deliveries, but she was really speaking in coded language to express what is going on, and always has been going on, behind the scenes, between Russia and Germany: ‘Russia needs her customers and we need our deliveries, and that applies also for the European Union’, she said. ‘I see many future opportunities. Of course we have controversies, yet we have shared interests, and we should cement these links and make them more binding’.

• Fact: What is happening generally is that the duplicitous dialectical methodology (Tweedledum and Tweedledee) used by the geomasonic perpetrators and manipulators of the World Revolution is being exposed, and is unravelling faster than the criminalist, Luciferian minds can wind the ball of string up again. This gives great satisfaction to those of us who have had the privilege of being able to contribute in some material way to the exposure and destruction of the World Revolution, at least the current chaotic phase thereof. It should be borne in mind, also, that the United States is by definition the classic revolutionary state, having been the subject of a masonic coup which has bedevilled the Republic ever since. This explains its outrageous international misbehaviour.

• THE BRIGHTON BOMBING ATROCITY TO ASSASSINATE THE THATCHER GOVERNMENT:
At 2.54 am during the early morning of 12th October 1984, the Provisional IRA, controlled by DVD, Dachau, and headed on the ground by Patrick Magee, detonated a 30-pound bomb in the section of the Grand Hotel, Brighton, where Margaret Thatcher and her Cabinet (but see below) were staying for the Conservative Party Conference. The British Prime Minister was still working in her suite on her speech to be delivered to the conference on the next day, when the bomb exploded, damaging her bathroom but leaving her sitting room and bedroom unscathed. Both Mrs Thatcher and her late husband, Dennis, escaped injury. The hotel and conference centre were thrown into chaos.

The Conservative MP, Sir Anthony Berry, was killed outright, as was the first wife, Roberta, of John Wakeham, Parliamentary Secretary of the Treasury. Sir Donald Maclean was seriously injured and his wife, Muriel, later died of her injuries. Eric Taylor and Jeanne Shattock were also killed in the blast. Several more, including the wife of the then President of the Board of Trade, Norman Tebbit (now Lord Tebbit), were left permanently disabled. A total of 34 people were taken to hospital.

But three prominent pro-European Community political ideologues (dupes), Douglas Hurd, Michael Heseltine and Leon Brittan, all members of Thatcher’s Cabinet at the time, were ‘inexplicably’ not present in the hotel when the bomb exploded.

The Editor has been authoritatively informed that they appear to have been tipped off in advance. When they returned they commiserated with the rest of the survivors over what had happened. All three, evidently (as reported to us) knowing what was to happen, appear to have blood on their hands. In summary, this was an ‘act of war’ perpetrated by DVD with the full authority of the German Government against the United Kingdom, employing the DVD-sponsored Provisional IRA as cover.

• THE EUROPEAN UNION COLLECTIVE:
Students of the long-range pan-German hegemony and control operation known as the European Union will be aware that the Maastricht Treaty of 1992 (which this Editor fought hard against) was a crucial ‘stage’ in the evolution of the European Union Collective.

As repeatedly asserted in these reports, the European Union is the project outlined in the Nazi strategy compendium entitled ‘Europäische Wirtschaftsgemeinschaft’ (the ‘European Economic Community’), published in Berlin in 1942, and referenced in detail in the Editor’s two books ‘The European Union Collective: Enemy of its Member States’ and ‘The New Underworld Order’ (both available via the intelligence books section of this website).

FACT: The chapter headings of the Nazi compendium dated 1942 are almost identical to the chapter headings of the Maastricht Treaty (2). The EU Collective is a strategic entrapment mechanism.

(2) Reference: ‘Europaische Wirtschaftsgemeinschaft’, (‘The European Economic Community’), published in Berlin in 1942, Haude & Spenersche Verlagsbuchhandlung Max Paschke. One copy of this work is to be found in the Staatsbibliothek, Berlin (Preussische Staatsbibliothek Berlin), and a copy is also held by the British Library. The copy is not immediately available on demand, but can be ordered in advance. The Chapter headings of this work are almost identical to those of the Maastricht Treaty of 1992. Britain’s accession to the EEC was perpetrated illegally.

• THE TREACHERY OF JOHN MAJOR:
Passage of the enabling bill bringing this alien and deliberately confusing document into UK law was severely compromised by a rebellion of backbench Conservative Members of Parliament. At the last minute, Mr Michael Spicer MP (who received a knighthood for his pains) persuaded all these ‘rebels’, whom John Major, the Prime Minister had referred to as ‘bastards’, to support the legislation, with one exception (Rupert Allason, whose literary name is Nigel West: He managed to be absent from the House of Commons lobbies when the count was being taken).

It now transpires that Prime Minister John Major was told by the German Chancellor, Helmut Kohl, that he must sign up to Maastricht, ‘or we will blow up London’, a.k.a. ‘we’ will have our clients, the Provisional IRA and the IRA itself step up the terror and bombing campaign on the British Mainland.
Major, allegedly a de facto DVD asset or dupe, was told that if you do sign up, Herr Major, ve vill arrantch a ‘peace process’ for Northern Ireland for you, which vill make you look like a hero. Oh, und Sie mussen auch support uns over the break-up of Yugoslavia (a DVD-directed pan-German operation which resulted in 250,000 deaths). Major agreed: Hence Spicer’s pressure on the rebel MPs to ‘tow the line’. The country was betrayed as a consequence.

• SABOTAGE OF CHINOOK HELICOPTER CARRYING TOP BRITISH INTELLIGENCE OFFICERS:
Meanwhile, key elements of the Royal Ulster Constabulary (RUC), with assistance from MI5, had become aware that German ‘Black’ intelligence was ‘running’ the Provisional IRA, a fact that came to the DVD’s notice. On 2nd June 1994, all the leading Northern Ireland experts from the RUC and MI5 (25-29 senior Police and MI5 officers) were required to travel to Northern Ireland, originally on board two Chinook helicopters. Some were understandably nervous at this prospect.

One of the pilots insisted on there being two helicopters, but was overruled, and the entire team was packed aboard one single RAF Chinook, which in due course was flown into a hillside near the Mull of Kintyre lighthouse, Scotland, in thick fog. For this operation, the DVD’s assets had rigged or interfered with the helicopter’s Inertial Navigation (INS) System. When the base coordinates were inputted, the software was tampered with. This kind of thing is standard DVD practice.

Britain therefore lost, in this further provocative and ruthlessly wanton ‘Act of War’ perpetrated by the pan-German ‘Black’ counterintelligence agency against the United Kingdom, almost its entire intelligence expertise on Northern Ireland. In September 1999, the Blair Government faced calls for a fresh enquiry to overrule earlier investigations, after ‘Computer Weekly’ had released evidence casting doubt on the reliability of the helicopter’s engine control software.

Previously, the two helicopter pilots – Flight Lieutenants Jonathan Tapper and Richard Cook – had been blamed, with the initial RAF Board of Inquiry in 1995 freely accusing the dead pilots of ‘gross negligence’. In February 2002, a House of Lords committee opposed the RAF’s verdict, concluding that there were no grounds for blaming the pilots.

Every cover-up excuse and platitude was brought forward for prejudging the issue so that secret intelligence confirming that the software had been tampered with, was never publicly ventilated, even though it was obvious, given the circumstances and casualties, that this was likely to have been a sabotage operation. In other words, as usual, high-level cover was being provided for the German Abwehr/Deutsche Verteidigungs Dienst. This SCANDALOUS state of affairs is exposed.

• PENETRATION AND PARTIAL SUBVERSION OF BRITISH INTELLIGENCE:
Just as DVD controls the CIA by the basic means described above (placing its own personnel and associates in the top slots), so does it effectively control (or seek to control) MI6. It achieves this at the present time because its primary MI6 asset is its chief, John Scarlett, as previously reported on this website. More specifically, MI6 is controlled by GO-2 (General Operations 2, dating from the Second World War) which not only controls MI6, but also has assets inside MI5. The former Director of MI5, Dame Manningham-Buller (who was nicknamed ‘the Mad Bull’) was reported to us to be a GO-2 infiltration. However the new MI5 controller, Jonathan Evans, is thought not to be a GO-2 asset. It is uncertain whether he has the depth of understanding and experience to grasp who Britain’s real enemies are. John Major and Tony Blair were/are said to be assets of GO-2.

• THE 7/7 ATROCITIES ON THE LONDON UNDERGROUND AND A BUS:
The atrocities committed on the London Underground and on a double-decker bus on 7th July 2005 were directed by DVD, Dachau, using Islamic revolutionary ‘assets’ and sleepers. Omitting the main details here, the outrage in appropriate London circles was such that Germany (and France, which was involved) were specifically told that the United Kingdom intended, as a consequence, to leave the European Union. Apparently what then happened was that, finally, this threat was watered down by the traitors in Downing Street and the UK intelligence community, to British acceptance of a total cessation of Provisional and IRA operations in Northern Ireland and on the British Mainland. It is likely that the British threat stands, should such terrorist ‘Acts of War’ be resumed at any time.

The order to proceed with 7/7 was given by former French President Jacques Chirac from his hotel room in Gleneagles, Scotland, to where he had flown from Singapore to attend a G-8 Meeting, after France had lost its bid to host the 2012 Olympics. It was monitored by GCHQ, the eavesdropping centre in Cheltenham, Gloucestershire, forming the basis for the ensuing showdown.

On that occasion, Britain missed its best opportunity to get clean out from under the pan-German long-range trap, the European Union Collective. If there are further atrocities, even the shooting of the Editor of this service, ‘you’ must immediately press the Government to implement its threat.

• FACT: The Brazilian named De Menezes who was subsequently shot dead by armed police at a London Underground station, was the electronics expert, working ultimately for DVD, who serviced the requirements of the 7/7 bombers. In another unspeakable cover-up, this fact was buried and the police had to endure consequent excoriation by the press and judicial process – an example of the failure of official will arising from the fact that despicable traitors hold high office in the United Kingdom, as in the United States, working to the ultimate remit of the DVD.

• THE TWO DRUG CARTELS FINANCING THE POLITICAL PARTIES:
DVD are the ultimate controllers of two drug cartels which service the financial needs of the two main British political parties. These two cartels run all the drugs in the United Kingdom, and they continue to do this because they are protected by GO-2 (General Operations-2) which controls MI6.

This situation will change as soon as John Scarlett is removed from his post, which must surely occur soon in the light of these exposures (in response to which, by the way, there has been a stony silence, apart from the shooting threat).

In addition, John Scarlett has been revealed to us as being among those allegedly renting a safety lock box or boxes seized in Mayfair, Edgeware and Hampstead, London, by the Metropolitan Police on 2nd June 2008, with all the prospectively compromising implications that this entails.

The two British drug cartels routinely replenish the finances of the political parties. An ambitious businessman or other aspirant to join the ‘Great and the Good’ is ‘tapped’, and asked to contribute, say, £1.0 million to the political party in question. It is then indicated that, in exchange, the ‘donor’ will receive £2.0 million into one of his offshore bank accounts. That is the model here. Whenever a prospectively compromising drug-linked prosecution looms, it is typically squashed by the Attorney General or by some other means (including messages delivered to certain corrupted judges).

The situation is exacerbated by the fact that certain UK political leaders are drug users and have spouses who are ditto. In the case of the Government, one of the main reasons for the campaign within the Labour Party itself to remove Gordon Brown from office, is concern about the fact that under Brown, the flow of funds from this corrupt source has dried up. The assumption is that by removing him as soon as possible, the Party’s resources can be restored by the time of the next General Election (now expected in 2010). We believe that any attempt to oust Brown will fail.

An earlier example of the drug flows drying up occurred when the Conservative Party was led by Ian Duncan-Smith, an honourable man whom the ‘Black’ forces within that Party – thought to be headed by the Germanophile Angus Maude – knew would be appalled if he were to discover how the Party was being, in part, financed. They plotted to remove him so that he couldn’t find out.

As a consequence, the flow-of-funds to the Party derived from drug-trafficking and managed by one of the cartels ceased, until Duncan-Smith was removed from the leadership.

• Note: On 22nd August, Gordon Brown indicated his expectation that the British economy, which has stalled, will start to recover within four or five months. While this expectation by Mr Brown has been attributed by some ‘gurus’ to a belief that the Bank of England cannot avoid lowering interest rates, our own assessment is that Mr Brown is basing his view on his knowledge of the progress of the Settlements, of which the ‘mainstream’ media either has no knowledge, or which it has been precluded from covering. It is now reporting the 1929-style catastrophe that we predicted, arising from the criminalist operations of Bush-Clinton-CIA fraudulent finance ops., without understanding that its cause is OFFICIALLY SANCTIONED CRIMINAL OPERATIONS [see Archive].

• The UK ‘mainstream’ media is thus in GROSS dereliction of its Fourth Estate duty to hold the authorities to account, given that the corruption poison spewed out by the subversive George Bush Center for Intelligence and Terrorism has infected the UK political system and Establishment.

• IRANIAN INTELLIGENCE OFFICERS (DVD PROXIES):
In a recent analysis on this website, we reported that one of the high-ups in one of the two drug cartels mentioned above is an Iranian intelligence operative named Hamid Reza Pardis. Assets held by Pardis were found in one or more safety lock boxes seized by armed Metropolitan Police on 2nd June 2008. Following this development and our recent exposure of this operative, Mr Pardis has suddenly taken hurried steps to prepare for his exit from the United Kingdom, we understand.

A second UK-based Iranian intelligence operative whose ‘assets’ were identified in one or more of the seized lock boxes, also exposed on our website recently, is Ali Ghabami, who was at one time married to the sister of Norma Major, the wife of the former Prime Minister (see above).

Ali Ghabami is reported to us to be close to President Mahmoud Ahmadinejad, the intelligence operative and satanist who is currently functioning as President of Iran.

Both Pardis and Ghabami, who are very high-level Iranian intelligence operatives, use or have used a British-based Jewish bank in Santo Domingo, Dominican Republic – a state which appears to have residual or even close ties with DVD, Dachau. It is separately known that the Iranian Mullahs hide the money they have stolen by ransacking Iranian state assets, in Dubai.

A third very high-level Iranian operative, Ali Dizaei, has risen to become the third highest-ranking police officer inside the Metropolitan Police. Under the ‘politically correct’, and therefore mind-controlled ‘diversity’ policy (which has been disseminated inter alia via the subversive operation named Common Purpose, run out of the Office of the Deputy Prime Minister, John Prescott, when he occupied that post), the Metropolitian Police (and other British police forces) have fallen for the deception and infiltration operation whereby ‘diversity’ provides cover for penetration by agents for foreign powers, of which this very high-level Iranian operative is a leading example. One of his tasks is to destabilise the entire British police system by fabricating ‘racism’ charges and court cases, thereby paralysing police operations. This man is exceedingly dangerous.

[Unimportant Note: There is currently some doubt about the precise spelling of his name].

• IRAN, A DVD OPERATION BEING PRIMED FOR NUCLEAR STATUS BY BUSH 41:
The Iranian penetrations in the United Kingdom are associated with the massive secret operation to equip Iran with nuclear weapons. ‘Special’ sources inform us that this is a Luciferian operation spearheaded by George H. B. Bush Sr./DVD. One dimension of this activity is reported to embrace the use of submarines for the clandestine distribution not only of drugs [see below] but also of components and nuclear materials for the Iranian nuclear project.

This is an extremely murky area, but the Editor has been informed that the ‘triple gunshot warning voicemail’ may have had rather more to do with the fact that we had trailered that we were about to expose some of this information, than with our ongoing work in exposing the criminalists’ financial fraud operations, which indeed finance such diabolical activities as the clandestine procurement and conveyance of nuclear materials for global terrorism proliferation and intended ‘Black’ World Revolution and control purposes. The entire nexus of operations here is MAD AND DIABOLICAL.

The following two individuals, we understand, were murdered because of their knowledge of these Bush 41/DVD operations concerned with the clandestine nuclearisation of Iran: (1) Maria Gabriela Di Biase, who ‘fell out of’ a window on the 19th floor of the United Nations building in New York on 17th Febuary 2008, onto the UN’s South Lawn. A ‘wet’ team was subsequently identified as being present in the building and on that floor at the time, which was over a weekend; and (2) Dr David Kelly, who had access to intelligence about this diabolical Bush/DVD operation to nuclearise Iran.

According to some sources, Kelly’s murder was ordered by the Prime Minister du jour, but we now understand that what happened was that Blair just stood by while the brilliant man was ‘whacked’.

The body of Ms. Di Biase was photographed having been covered with bags and tape by police, who explained to media enquirers on 19th February that bags and tape are used when there is believed to be a chance that DNA evidence from a struggle might be recovered.

• SPECIALLLY ADAPTED SUBMARINES USED TO DELIVER DRUGS AND NUKE MATERIALS:
The DVD has arranged for a fleet of submarines to be refurbished and ‘rented out’ to ‘Black’ associates for international drug-running and nuclear proliferation purposes.

It is reported to us that in 2005, a British frigate intercepted one of these DVD vessels, which was found to be conveying between three and four tonnes of Colombian pure. Its skipper was from the Dominican Republic, as were members of the crew. [Note: there is some question concerning the detail of this, but the outline is presented here for completeness].

• 21st September 2008: The Fox News ticker tape [1:30am-2:30am] stated: ‘The US Coastguard has intercepted an [unspecified] vessel carrying [an estimated] 7 tons of cocaine. US Navy aircraft had spotted a 60-ft vessel 200 miles off the [East] Coast… Coastguard sank vessel after determining that it was too unstable’ [!]. The ticker tape report elaborated that this took place quote ‘four days after apprehension of a ‘home-made submarine”, referencing a quite separate incident involving the transportation of drugs but which involved the use of a submarine.

One of George H. W. Bush Sr.’s drug-trafficking allies has been President Chavez of Venezuela, whose geopolitical stance for gullible international public consumption, is anti-American and neo-Communist. But in reality, this is a cover, as Chavez is an ‘asset’ of George Bush Sr., engaged inter alia in drug-running for and in collaboration with the Bush networks and DVD, Dachau. Venezuelan drug shipments have been traced via the Dominican Republic into South Africa, where President Mbeke is reported to take his cut, before the shipments are forwarded to the corrupt oil state of Equatorial Guinea, for onward shipment into Europe and Britain.

One or more of the DVD’s submarines that are being used to transport drugs shipments was/were used by French ‘Black’ intelligence (collaborating, in the tradition of Vichy, with the DVD) in 2003 to convey weapons-grade plutonium to Iran.

Certainly, the involvement of French intelligence in this nefarious activity has a lot to do with the Jewish-Hungarian French President Nicolas Sarkozy’s anxiety to ingratiate himself with the Israeli authorities, and may explain the attempt on his life when he was boarding his Air France plane. The French work closely with Germany, as provided for under the terms of the 1963 Treaty of the Elysee which lays down that France and Germany must ‘reach a common position’ on relevant international issues of common interest, so that each others’ interests are furthered in relation to the Rest of the World and third parties. Hence, French ‘Black’ counterintelliegnce works with the DVD, and of course hence with George Bush Sr. and the George Bush Center for Intelligence and Terrorism.

• THE SARKOZY GOVERNMENT’S EXTREMELY UNHEALTHY TIES INTO U.S. INTELLIGENCE:
The Sarkozy Government’s ties into Langley have been exposed by Thierry Meyssan, President of the Voltaire Network, who has identified the following facts of interest in this context:

(1) Sarkozy’s half brother, Pierre Olivier, calling himself Oliver in the United States, was named by Frank Carlucci, formerly the second most senior CIA official, as a Director of Bush Sr.’s slush fund operation, Carlyle Group, which is central to the prevailing world financial tsunami and incidentally handles the main assets of the Kuwaiti and Singapore Sovereign Wealth Funds.

(2) Carlucci was originally recruited by the CIA’s Frank Wisner Sr., who is fingered by Meyssan as having plotted the destruction of the Gaullists and the rise of Nicolas Sarkozy. A defector from an Illuminati circle has described this man as ‘exceptionally important for The New Underworld Order‘.

(3) Lambertist Trotskyites, named after their founder Pierre Lambert, a small extremist group, which collaborated with the CIA against the Stalinist French Communists during the Cold War period, and who infiltrated the French Socialist Party, introduced two ‘notorious CIA agents’ there: one Lionel Jospin who became Prime Minister, and Jean Christopher Cambadelis, key adviser to Dominique Strauss Kahn, who taught at Stanford, where he was hired by the former Dean of that University, Condoleeza Rice, the current Secretary of State. Strauss Kahn’s ‘services’ were ‘rewarded’ by Ms Rice when he was appointed Managing Director of the International Monetary Fund (IMF) in 2007.

(4) Frank Wisner Jr., appointed by President Bush as his envoy concerned with the independence of Kosovo (‘separation precedes federation’: Lenin), ‘insisted’, according to Meyssan, that Bernard Kouchner be named by Sarkozy as French Minister of Foreign Affairs. The underlying objectives here were/are the independence of Kosovo and the secret destruction of France’s Arab policy, in the interests of the Jewish State. Hence Sarkozy’s ambivalent position towards Israel. Note also that the DVD appear to want France ‘out of their way’ so that French operatives don’t disrupt their subversive operations all over the Islamic world, and especially not the Bush Sr./DVD/CIA operation to nuclearise Iran. Meyssan is withering in his description of Kouchner’s entanglements with the American/DVD revolutionaries, as the following passage from his report of 26th July 2008 shows:

‘Kouchner started his career by participating in the creation of a humanitarian NGO. Thanks to the financial support provided by the National Endowment for Democracy, he took part in operations of Zbigniew Brzezinski in Afghanistan ‘against’ the Soviets, alongside Osama Bin Laden (‘Tim Osman’) and the Karzai brothers. One finds him again in the 1990s working with Alija Izetbegovic in Bosnia Herzegovina. From 1999 to 2001, he was the High Representative of the United Nations to Kosovo’.

‘Under the hegemony of the youngest brother of President Hamid Karzai, Afghanistan became the largest world producer of opium poppies, converted locally into heroin, and transported by the US Air Force to Camp Bonsteed in Kosovo. There, operatives working for Hacim Thaci take charge of the drug and distribute it mainly in Europe and accessorily in the United States. The proceeds are used to finance the illegal operations of the CIA. Karzai and Thaci are very longstanding personal friends of Bernard Kouchner who undoubtedly overlooks their criminal operations in spite of the extensive reports about their [criminal] activities that have been published’.

(5) Christine Lagarde, named by Sarkozy as Minister of Finance, spent most of her career prior to her appointment in the United States, where she directed the firm of Baker and Mckenzie, a direct link into Bush Sr. This woman was also prominent in Vice President Richard Cheney’s Center for International and Strategic Studies, the neoconservative (Trotskyite) operation, wherein she co-presided with Zbigniew Brzezinski over a working group supervising the Polish privatisatioms.

Lagarde further orchestrated, Thierry Meyssan reported, an intensive lobbying operation in favour of Lockheed Martin AGAINST the French aircraft manufacturer Dassault.

(6) Alain Bauer, who is in now in charge of French intelligence. This man is a former Grand Master of the French Grand Orient, the primary French Masonic organisation, and was earlier the second in command of the US National Security Agency (NSA) in Europe. French intelligence is accordingly a branch of the George Bush Center for Intelligence and Terrorism, and of its associated clowns at Deutsche Verteidigungs Dienst, Dachau.

In short, the George Bush Center for Intelligence and Terrorism has its jaws locked into the central nodes of French power so that President Nicolas Sarkozy can be considered to be an operational ally or extension of George Bush Sr., and thus a ‘reliable’ partner for the German ‘Black’ DVD.

• AL-QAEDA AND MUSLIM TERROR OPERATIONS:
Al-Qaeda is controlled by DVD, Dachau, and by German elements of the CIA working with the DVD. This statement contradicts everything that has ever been published on this score. However the CIA background and associations of Osama Bin Laden, the CIA’s asset and operative known as ‘Tim Osman’, who died on 26th December 2001 in a Minnesota hospital or hospice, are well known.

• OTHER DVD MIDDLE EAST CONNECTIONS AND BACKGROUND:
The Iraqi regime of Saddam Hussein and his sons was modelled along Nazi lines and the original 1964 coup in Iraq was an operation against the British. Saddam Hussein became one of the most successful secret financial trading partners of George Bush Sr., amassing vast nanomoney assets at Rafidain Bank which Saddam Huissein considered to be his own private bank. George Bush Sr.’s standard procedure is ALWAYS to double-cross his ‘partners’, whenever his gross jealousy at their success in building false wealth overflows. So Bush Sr. envied and lusted after the estimated $100 trillion of nanofunds accumulated in sub-accounts with Rafidain Bank’s London Branch. The Editor speculates that the British authorities refused the Bush Crime Family/CIA interests access to the sub-accounts that they lusted after, which may well have been the pretext for the stealing of The Queen’s gold on 29-30 March 2007, as reported by this service. When testing this hypothesis with knowledgeable US contacts, the Editor has found that it is never considered improbable.

The Saudi Royal family’s connections with German ‘Black’ intelligence, are also extensive. In broad terms, German counterintelligence’s intermeddling in the Middle East began after the First World War, with the establishment by the Abwehr of the Muslim Brotherhood, run out of Cairo, Egypt, for the purpose of undermining British influence throughout the Middle East – a long-range strategic deception operation that proved successful.

In other words, German intelligence vowed to reverse the outcome of the First World War, almost as soon as it had ended and the Treaty of Versailles had been signed – just as it subsequently took concrete steps to reverse the outcome of the Second World War.

These concrete steps started up in 1941, with the Wannsee Conference and the seminars which resulted in the publication in Berlin the following year of ‘Europaïsche Wirtschaftsgesellschaft’ (‘European Economic Community’), the Nazi blueprint for the collectivised reorganisation of Europe under pan-German hegemony which re-emerged with the same priorities and chapter headings in the format of the Maastricht Treaty of 1992 [see above].

Since the CIA is essentially controlled by the German faction, the CIA promotes and finances the terrorist operations that the President of the United States denounces. These provide massive cover for the installation of the Big Brother surveillance society.

Mass US eavesdropping is conducted both against foreign and domestic targets for the primary purpose of ascertaining what is known about the fraudulent finance and corruption which it is the primary objective of the corrupt holders of high office to cover up and perpetuate.

• The Iranian régime, as currently constituted, is a DVD operation and has long-standing historical connections arising originally from the Abwehr’s operations in the Middle East after the First World War. This background will be seen to be relevant, for instance, when we come to noting notorious atrocities perpetrated by DVD cadres and/or their known assets and collaborators, which include the destruction of TWA-800 in July 1997.

• THE OKLAHOMA CITY BOMBING:
The late lamented US analyst Sherman Skolnik, from his vantage point in Chicago, wrote as follows with truly acute understanding, in an article entitled ‘The New/Old White House Gang’, dated 31st December 2000, held in our files:

‘One of the most explosive situations reportedly implicates Governor Tommy Thompson, appointed by President George W. Bush as the Secretary of Health and Human Services to replace outgoing Clinton appointee (and intelligence operative) Donna E. Shalala. It all revolves around a colossal reputed CIA espionage slush fund, from Switzerland, reportedly operating without legal authority in Wisconsin through the criminality of Governor Tommy Thompson’.

‘The billions and billions of US dollars has been called by the innocent-sounding name, Children’s Defense Fund. Playing a key role in the dirty business reportedly was Donna E. Shalala, starting when she was Chancellor of the University of Wisconsin at Madison and continuing when she was Secretary of Health and Human Services’.

• WE ‘OUTED’ HILLARY RODOMSKI CLINTON BACK IN 1992 (3):
In 1992, we published an issue of International Currency Review featuring Hillary Rodomski Clinton on the front cover, and addressing her [non]-‘stewardship’ inter alia of the Children’s Defense Fund – which had been pulled to shreds, insofar as this could be done without incurring the anger of the CIA, by the Government Accounting (now ‘Accountability’) Office (GAO). Even then, the GAO was not amused by the dubious record of the President’s CIA wife, as Director of that operation.

(3) Reference: ‘Bill Clinton’s Hard-Left Entourage’, International Currency Review, Volume 21, Number 4, 1992, pages 55-64.

The late Sherman Skolnik elaborated on the subject of this money laundry operation:

‘An official [actually, for some years, the head – Ed.] of the Children’s Defense Fund has been Hillary Clinton… Her reputed lover and law partner, in the Rose Law Firm, Little Rock, AK, was Vincent W. Foster Jr., for a few months in 1993 serving as Clinton White House Deputy Counsel. Foster was the courier and “bagman” for the Fund, travelling widely, prior to the White House job, to and from Little Rock, Wisconsin, Chicago, Switzerland, Russia’.

‘He started, in July 1993, to turn over incriminating records of the Children’s Defense Fund as a huge money laundry, to the then FBI Director, William Sessions. The day before Foster’s body was found in Fort Marcy Park, Virginia, Sessions was unceremoniously sacked on ridiculous charges that he defrauded the Government by taking his wife along on one of his FBI office plane flights. Some of these original records did get into Sessions’ possession, and he formed élite units to investigate, for criminality, both George Herbert Walker Bush and his sons, as well as the Bush Family cronies Bill and Hillary Clinton’.

‘Foster was murdered because of the massive Medicare/hospital/State Government/commodity markets fraud as well as for other reasons, including that ‘he knew too much’. For safe-keeping, Sessions parked the original records documenting massive fraud of the Fund, in the Alfred Murrah Federal Office Building in Oklahoma City. The records were destroyed in the multiple bombings, internal and external, of the building, on April 19, 1995. There is substantial reason to believe that the FBI and the US Treasury’s Bureau of Alcohol, Tobacco and Fire-Arms [BATF, a.k.a. ‘Alphabet Soup’], allowed a foreign unit, tied to Iraq with American surrogates as dupes, to bomb the building’.

SESSIONS’ DOCUMENTS AND NAZI PAPERS DESTROYED IN THE OKLAHOMA BOMBING
Curiously, Sherman appears to have been unaware of the presence in the same building of the files on postwar German Nazis based in the United States presided over by the head and founder of the Nazi Continuum strategic deception ‘Black’ agency, Deutsche Verteidigungs Dienst (DVD), Admiral Canaris, who surfaced after the War in Oklahoma, under the alias Samuel Randall Pittmann.

Thus, when the Murrah Building was bombed, several birds were killed with one exploding stone: both Sessions’ sensitive documents AND the tell-tale Nazi papers, were incinerated.

The world was then treated to the diversion of President Clinton’s depraved behaviour in the Oval Office area with the Mossad agent Monica Lewinski, by supposed ‘Independent’ Counsel, Kenneth W. Starr, who just happened, also, to be the Attorney for – the Children’s Defense Fund.

• THE HALABJA GASSING ATROCITY IN IRAQ:
After being dragged out of the sort of hole that the Illuminati typically use to entomb recalcitrant family or other members, Saddam Hussein was subjected to a show trial and was then publicly executed by hanging, in a display of Iranian-style US barbarity. The reason that Saddam Hussein was hanged, which is not widely known, is revealed below. All open sources ‘confirm’ that the gassing in 1982 of the inhabitants of Halabja, a crime against humanity, was perpetrated by Saddam Hussein. The facts, however, diverge sharply from this piece of US/CIA-sponsored disinformation.

On 16th and 17th March 1988, lethal chemical weapons (CW) were supposedly deployed by Iraqi Government forces under Saddam Hussein against the Iraqi Kurdish town of Halabja, murdering thousands of people, most of them civilians. Between 3,200 and 5,000 people died in agony on the spot, and between 7,000 and 10,000 were severely injured, for a total of up to 15,000 killed and injured, most of whom were civilians.

Thousands more died, according to open reports, of absolutely horrific complications, diseases and birth defects during the years after the attack. Innocently, without being aware of who really perpetrated this atrocity, the US agitprop organisation calling itself Human Rights Watch defined the abomination as an act of genocide, representing furthermore by far the largest-scale actual chemical weapons attack directed against a civilian population in history.

Of significance is the fact that this attack, which was launched in the evening of the 16th March 1988, was entirely separate from Operation Anfal, the campaign conducted in 1986-89 by Saddam Hussein’s régime in order to terrorise the Kurdish population and to terminate the peshmerga rebellions in the most brutal manner possible.

The gas offensive followed a series of napalm and rocket attacks, with about 20 Iraqi MiG and French Mirage aircraft starting to drop chemical bombs. Kurdish commanders in Halabja later reported that there were up to 14 aircraft sorties, with seven or eight planes in each attack. Helicopters, said to be Iraqi, coordinating the operation, were also observed.

Clouds of acrid smoke billowed upwards, starting as white, turning black, then turning yellow, and rising in a column up to 150 feet in the air. The attack involved the use of multiple chemical agents, including mustard gas and the nerve agents sarin, tabun and VX. Some sources have also stated that the blood agent hydrogen cyanide was employed.

This information is based on survivor reports that people died in various ways, with some ‘just dropping dead’, while others ‘died of laughing’.

Others still took several minutes to die, ‘burning and blistering’, or coughing up green vomit. Wounded who were taken to hospital in Tehran were found to have been suffering from exposure to mustard gas. Significantly, the Iranian photographer Kaveh Golestan was among the first photo-journalists to distribute his photographs, beginning with Iranian newspapers – making it hardly likely that the Iranians were behind this atrocity.

Kaveh described the scene to Guy Dinmore of The Financial Times:

‘It was life frozen. Life had stopped, like watching a film and suddenly it hangs in one frame. It was a new kind of death to me. You went into a room, a kitchen, and you saw the body of a woman holding a knife where she had been cutting a carrot. The aftermath was far worse. Victims were still being brought in. Some villagers came to our chopper. They had 15 or 16 beautiful children, begging us to take them to hospital. So all the press sat there and we were each handed a child to carry. As we took off, fluid came out of my little girl’s mouth and she died in my arms’.

A report by a b c entitled ‘America didn’t seem to mind poison gas’ trailered the stunningly muted international response to this abomination, with Saddam Hussein’s Government blaming Iran for the attack (again, hardly likely, otherwise the mullahs’ own censorship machinery would have blocked publication of the horrible photographs). Significantly, the US State Department, which specialises in lies and deceit, tried to suggest that Iran was responsible.

In 2007, Dr Jean Pascal Zanders, the project leader of the Chemical and Biological Warfare Project at the Stockholm International Peace Research Institute (SIPRI), pronounced that Iraq, not Iran, was the culprit. Our intelligence newsletter, Arab-Asian Affairs, not knowing the horrible truth of the matter at the time, also incorporated the Halabja gas attack into its analyses of the multiple horrors perpetrated by the Soviet/German-supported Nazi régime headed by the mass murderer Saddam Hussein and his Mukhabarat intelligence nexus.

The Defense Intelligence Agency (DIA) reported that Iran was responsible for the attack, shortly after it occurred. This assessment was subsequently employed by the CIA in its disinformation propaganda for much of the 1990s. But in the late 1990s, the CIA inexplicably altered its position because, all of a sudden, given the preplanning that was already taking place for the invasion of Iraq (even before Mr Bushfraud II stole the 2000 election), it needed to be able to show that Iraq possessed weapons of mass destruction.

In other words, its earlier gross diversionary lies, pinning the blame on Iran, no longer served its purpose, so it changed its position to meet its current propaganda requirements. It had by now become necessary to keep on mentioning the Halabja chemical weapons attack in order to buttress the Bush II Administration’s ‘line’ that Iraq possessed weapons of mass destruction (true, but they were removed aboard the two Soviet ships that sailed from Umm Qasr three weeks prior to the illegal invasion in March 2003).

Given that lies have to be routinely buttressed by further lies, the CIA criminalists have woven a convoluted thread of deceit and obfuscation into the record, all for the purpose of trying to ensure that actual responsibility remains obscured for ever. For instance, Stephen C. Pelletiere, who co-authored an unclassified CIA analysis of the DIA’s key points, claimed that Iraq was not ‘known to have’ possessed the cyanide-based blood agents determined to have been responsible for the condition of some of the bodies examined. The giveaway was the weasel phrase ‘not known to have’, which of course is NOT the same as saying that Iraq did not possessed those agents.

Joost Hiltermann, the main researcher for Human Rights Watch (HRW) between 1992 and 1994, who conducted an extensive study, including a field investigation in northern Iraq plus an analysis of thousands of captured Iraqi secret police and declassified US official documents, plus interviews with scores of Iraqi survivors, senior Iraqi defectors and ‘retired’ American intelligence officials, concluded that it was ‘clear’ that Iraq carried out the attack on Halabja, and that the United States, fully aware of this, accused Iran without being able to support its allegations.

Mr Hiltermann reported that allegations of chemical weapons usage by Iran were ‘marred by a lack of specificity as to time and place, and the failure to provide any sort of evidence’. The allegations all amounted to ‘mere assertions… and no persuasive evidence of the claim that Iran was the primary culprit was ever presented’.

• IDENTITY OF THE PRIMARY HALABJA CULPRIT:
It will be recalled that we have stated that the chemical weapons attack on Halabja in Iraq was historically ‘separate from’ Operation Anfal, which lasted from 1986 to 1989, and was intended to end the peshmerga rebellions as brutally and decisively as possible. It will also be recalled that the Iran-Iraq War ended in 1988, the same year as the Halabja attacks.

British intelligence sources have specifically advised us that Saddam Hussein was not responsible for, devising, ordering and orchestrating the Halabja attacks.

The chemical weapons assaults were ordered by US intelligence inter alia to hasten the end of the long Iran-Iraq War, so that Iraq could be ostracised and then later invaded, which was exactly what happened after Saddam Hussein had invaded Kuwait in 1990, with tacit approval from the American Ambassador, April Glaspie. This provided the pretext for George Bush Sr. to double-cross Saddam Hussein, as he always does with his partner-victims, so that the assets accumulated by Saddam Hussein in the course of his corrupt transactions with the Bush Crime Family, could be ‘retrieved’.

Controlling US intelligence in 1988, as today (the CIA ‘works for’ him) was George H. W. Bush Sr.

We have seen how the criminal enterprise calling itself the Central Intelligence Agency changed its ‘line’ on the Halabja mass murders to suit its changed priorities, which of course paralleled what Bush Sr. had in mind. So, how did this ‘old atrocity’ impact post-invasion Iraq after 2003?

When Saddam was pulled out of his hole, the United States exploited him for discrediting and propaganda purposes, and then arranged for him to be hanged after a show trial.

Why? Er, so that he could never implicate George H. W. Bush Sr. in the Halabja atrocity.

• PAEDOPHILIA OPERATIONS, CHILD ABUSE AND ‘SNUFF’ MOVIES:
The DVD, Dachau, are extensively involved in paedophile ring operations. Selected children are kidnapped, degraded for perverse purposes, and afterwards usually murdered in satanic snuff movies. (Anyone who contradicts us on this matter risks the likelihood that we may publish a very extensive expose of this absolute abomination traceable back to the heathen practice of post-natal contraception which the aberrant children of Israel adopted from time to time by the sacrificing of unwanted children to Molech or Moloch, in the valley of the son of Hinnom, near Jerusalem).

This practice is replicated in child human sacrifices that take place at Bohemian Grove, Sonoma County, California, attended by depraved holders of high office and prominent power positions, every July. Separately, a total of 43 children, who had been kidnapped for paedophile activities and snuff films, perished in May 2007 alone, according to informed experts in touch with this service.

• MADELEINE MCCANN AND THE EUROPEAN COMMISSION PEADOPHILE SCANDAL:
It was reported on 7th August that the Metropolitan Police (London) have confirmed in an email that Madeleine McCann, aged 5, who was snatched on 3rd May 2007 in Praia de Luz, Portugal, as widely rehearsed in the media, was abducted to the order of a paedophile organisation based in Belgium. We have been informed that the way this depraved activity operates is that the ‘client’ is sent three photographs of children, and chooses one of them, who is then provided, to meet his depraved requirements. The individual who selected little Madeleine McCann is a very senior official of the European Commission in Brussels. His name has been reported to this service [see below].

• LATE INSERTION: The Editor had intended to WITHHOLD the identity of the senior EC official concerned. However, in the light of the ‘triple gunshot threat voicemail’ referenced above, and given that in these cricumstances, the lapse of time between the threat and the exposure must be minimised, we have been forced to reveal the top European Commission official concerned.

His hereby shamed name is Jose Manuel Barroso, the President of the European Commission.

The paedophile and abduction ring is. moreover, actually run out of the European Commission itself. The current position is that the DVD are refusing to release the child, although our British sources have reason to believe that she remains alive. It has been conveyed to DVD that if this child is harmed (beyond the abominable degree to which the child has already been harmed), the consequences will be extreme. This posting will serve as an immediate wake-up call and warning that this child must be released into the care of her parents forthwith and that the use of this child as hostage in any negotiations with British authorities is considered an abomination well beyond the normal range of abominations for which the Nazi pervert DVD are notorious.

All those concerned must be aware of the consequences of further exposure of this matter. Such exposure would compromise perverted politicians in the Netherlands, Portugal, Spain, Belgium and Italy, as well as the corrupt European Union structures.

• DACHAU OCCULT ABOMINATIONS CENTRE:
To the right of the railway line that slices through Unterweilbach, Prittlbach and Hebertshausen into Dachau, and adjacent to the Hebertshausen Bahnhof, is an empty area ending in a very steep bank, against which 8,000 Soviet prisoners of war were shot dead in cold blood during the Second World War. Set into the bank is a peculiar building with a sinister gate, approached via a pathway. Beyond the gated entrance is a doorway. Inside this doorway, investigators have photographed evidence of high occultic witchcraft paraphernalia. This horrible place, which is believed to be associated with the DVD, is reported to have been in recent use for high occultic Black ritual purposes.

• TENSIONS AND FURY BETWEEN BUSH SR. (41) AND BUSH JR. (43):
In the US context, George H. W. Bush Sr. and George W. Bush Jr. have been at times lethally at loggerheads for almost the entire length of George W. Bush’s term in office. The quite intemperate animosity of the President’s father, and the extreme resentment at this interference on the part of the son, has been the most poisonous contemporary relationship on earth.

At least four attempts have been made by the one to murder the other, and at least one retaliatory action has taken place, all of which failed (see below).

George W. Bush Jr. is being blackmailed by his father. The way this has been arranged is that control of the Secret Service was taken away from the Treasury and placed under the dubious power of the Department of Homeland Security, a.k.a. the Ministry of the Interior.

Control of Homeland Security was then transferred into the hands of a dangerous asset of George H. W. Bush Sr. called Michael Chertoff, who was personally involved (as the Judge) in the cover-up of the Vincent Foster murder. Homeland Security therefore obtained access to the log records of all visitors to the White House, including the rent boys reported to have been brought in for the benefit of one or more White House occupants.

George Bush Sr. blackmails his son by holding this sordid information over him, we are informed. That is how the ‘Black Operations’ community functions (on both sides of the Atlantic).

Instead of calling his father’s blackmail bluff (which of course, given this report, he can now do with virtual impunity), George W. Bush Jr., is reported to us to have usually succumbed to this persistent pressure from his father, who, while he is nothing more than a private citizen, has purported to tell the President of the United States what to do, wielding not only the blackmail weapon, but also the power of the ‘Black’ CIA which Bush Sr. represents that he ‘controls’.

Hence the establishment by President Bush Jr. of the Directorate of National Intelligence, which is supposed to be superior to the Central intelligence Ahgency. The first appointee to this new post, London-born John Negroponte, of Greek Jewish extraction, soon realised that he was caught in a vice between the two Bushes, and managed to squeeze himself out of the post and into the State Department. Although we have no knowledge of this possibility, we would not be at all surprised if Negroponte had been threatened by Bush Sr. to ‘get out of my way’.

In repeatedly thwarting the Settlements as we have reported to date and will continue to record for posterity, following the Settlements that will take/have taken place, G. Bush Sr. has held the United States and the whole world to ransom: on behalf of the DVD.

President George W. Bush Jr.’s relationship with his father deteriorated to a state of permanent Blackness from the day that the son became President of the United States in 2000.

The hatred between these two, masked by an appearance of cordiality for public consumption, has been one of the most dangerous and poisonous personal relationships to bedevil our humanity for centuries, not least of course because G. Bush Jr. has his finger on the nuclear trigger, so that in theory he can command his forces to nuke any enemy he pleases. In practice, since the US military is not entirely composed of complacent traitors, he has been told not only that the US military will not countenance an attack on Iran, but also that it will not go to war over Georgia. There is as yet no word as to what its response to a Russian 21-day ultimatum for US Naval ships to get out of the Black Sea may be; but judging by rational decisions that the US military has apparently taken over this crisis so far this year, it is to be doubted that it will agree to any confrontation there.

The bitterness between the two stems, in its current format, from the fact that George H. W. Bush Sr. bribed the Supreme Court in 2000 and thereby procured the confirmation of his elder son as President – a move that was partly motivated by Bush Crime Family jealousy that the Gore family, which coveted access to the trading programs and other corrupt opportunities to exploit highest office for self-enrichment purposes, eagerly sought the Presidency and would be in a position to curtail or reverse Bush/DVD operations, including coveted self-enrichment activities.

During the First Term, therefore, Bush II felt constrained and was in any case left in no doubt that his father controlled the CIA and considered his son’s Presidency to be an extension of his own. Operating out of an office inside the White House, as well as from his office at Langley, Bush Sr. continued to behave in exactly the same manner as Mikhail Gorbachëv, who operates, to this day, from a spacious wing of the Kremlin, basically in the self-same role as when he was head of the Administrative Department of the CPSU, the TOP POWER POST, under Andropov (Lieberman).

However the situation between the Bushes changed after Bush II ‘won’ the Presidential election in 2004, ostensibly on his own account. (This, too, is a myth because, as the whole world knows, the hardware and software of the electronic voting machines supplied by Diebold (directed by certain Russians) and other controlled contractors, were rigged to ensure a second Bush term).

At all events, shortly after the outcome of the 2004 election, President Bush Jr. had a blazing row with his father, along the lines of ‘I won this election in my own right, so stop telling me what to do as I won’t put up with it any longer’.

The anger expressed by Bush Jr. was further poisoned by overtones arising from the blackmail hold that George Bush Sr. had maintained over the President, referred to above.

BUSH CRIME FAMILY ASSASSINATION ATTEMPTS
As reported below, we know, from ‘special’ sources, of at least four occasions when one of the Bushes attempted to liquidate the other physically. These occasions are identified in outline below.

• On 22nd November 2004, a Gulfstream-3 G-1159A (registration November 85VT, Serial Number 449) took off from Dallas Love Field en route initially to Houston’s Hobby Airport. On its descent into the Runway 4 at Houston Airport, the plane crashed into a light tower at 6.23 am CST, with 3 fatalities (two pilots and a stewardess).

This plane, owned by Business Jet Services, had been intended to convey Bush Sr. to Peru. The intention had been for Bush Sr. to join the plane at Dallas, but instead it flew to Houston to pick him up. Our sources state that altimeter instruments were modified, and that the assassination project, which had been for the plane to crash in Peru, was disrupted by an apparent change of plan when it had to land at Houston to collect Bush Sr., instead of flying direct from Dallas to Peru.

The plane crash is ‘logged’ by intelligence sources as an attempted assassination of George H. W. Bush Sr. Since the means used to achieve this (fiddling with the aircraft controls and/or software) is the hallmark of DVD, Dachau, it is believed that DVD may have finally tired of George Bush Sr.’s self-enrichment and vindictive reprisal operations, motivated by his lust for recouping colossal sums of stolen money that he has lost. (We concur that this conflicts with the information on the nuclearisation of Iran, but recall that we are not dealing with rationality in any of these contexts).

Failed operations to assassinate George Bush Jr. of which we are aware, have included the events numbered below. Other unlisted attempted assassinations are thought to have taken place, too:

(1) An attempt to blow up Air Force One in Turkey, where the President was to attend a NATO meeting. This was thwarted after British intelligence agents alerted the CIA to what was intended (for which the British received no thanks whatsoever). Information on this attempt on President George W. Bush’s life has been completely suppressed. However the British agent who warned the US authorities advises us that it had to do with a shipment of lethal materials which were intended to be used to destroy Air Force One in the area.

(2) Bicycle accidents, etc: The peculiar ‘bicycle mishap’ event in Bush Jr.’s First Term, when he had to be thrown to the ground by Secret Service agents: The President was just completing a 17-mile ride on a mountain bike at his ranch in Crawford, Texas, suffering scrapes and scratches on his chin, upper lip, nose, right hand and both knees. Fortunately, White House spokesman Trent Duffy told the press, Mr Bush was wearing a helmet and a mouth guard.

The spokesman warned that Mr Bush would probably be wearing a bandage on his chin when he arrived in Austin, TX, for a party for his daughter, Jenna, who was graduating from the University of Texas that weekend. That was the ‘line’ for public consumption. UK intelligence sources inform us, however, that the Crawford report masked an assassination attempt.

There is also a suggestion that the event in January 2002, when President Bush Jr. was watching a football game between the Baltimore Ravens and the Miami Dolphins on the third floor of the White House residence and choked on a Pretzel, may also have been an assassination attempt.

The ‘pretzel’ caused Bush Jr. to faint and fall, bruising and scraping his face in the process. On that occasion he was accompanied only by his dogs Spot and Barney.

The precision detail given here (in respect of the exact details of the game that the President was watching) is typical of a cover story, designed to be as ‘specific’ as possible, but with respect to factors which have nothing to do with what actually happened.

In June 2003, George Bush Jr. was visiting George Bush Sr. and Barbara at the family compound in Kennebunkport, Maine, when he ‘fell off’ his motorised Segway scooter. He was holding a tennis racket, which may have interfered with his coordination. There is no information as to whether this was just a mishap, given the location of the event, although many photographers were present and captured the incident, which was immediately disseminated worldwide.

(3) The ‘random shootings’ episode when two Black snipers were conducting shooting practice on live targets was an elaborate cover for an intended assassination of President George W. Bush, we are informed. On 3rd October 2002, Maryland police launched a hunt for a ‘skilled shooter’ and a possible accomplice after five people, three men and two women, had been shot dead with high-velocity bullets in the Washington, DC, area. On 7th October, a 13-year-old boy was shot and injured as he was being dropped off at a Maryland school.

On 9th October, a man filling his car at a petrol station at Manassas, VA, was shot once in the head. On 11th October, police erected scores of roadblocks outside Washington after a man was shot at a petrol station at Fredericksburg, VA. They said that they were searching for a white van near the scene of several killings. On 14th October, a person was shot dead outside a shopping centre in the Falls Church area of Virginia. On 16th October, the Montgomery County police advised people who heard a gunshot first to take cover and then look in the direction of the noise, amid fears that media reports were influencing the perceptions of witnesses. On 20th October, a man was shot in the stomach but not killed, at a restaurant car park in Ashland, 70 miles south of Washington.

On 22nd October, a bus driver was shot on the steps of his vehicle in Maryland. On 24th October, two men were arrested. A day later, the two men were identified as John Allen Muhammad, 41, and his stepson, John Lee (or Lee Boyd) Malvo, 17. On 30th May 2006, Muhammad was found guilty on six counts of first-degree murder in a Maryland court.

He had already been sentenced to death by a Virginia court. Malvo, who appears to have been the perpetrator’s ‘rent boy’, was sentenced to life in prison.

(3) UK intelligence sources advise that these shootings were part of a mad DVD scheme to create an atmosphere of terror in the Washington area, via random shootings, which would culminate in an attack on the President of the United States. Since Al-Qaeda is a known DVD operation, which the German dimension of US intelligence helped to set up, the profile of the main perpetrator fits.

(4) An unspecified attempt, which failed, to blow up the President up in Washington, DC. Further information on this episode, which was thwarted, has not been forthcoming from our sources.

(5) An operation allegedly initiated or directed by Colin Powell that was intended to ‘take out’ the first four in the line of succession, including the President of the United States, following which Colin Powell would have assumed the Presidency. We understand that a segment of the military was primed for this operation, which failed or was thwarted, with the details having long since been suppressed. Powell was then quietly eased out of the Government, implying that his past activities gave him some leverage over how he was to be treated, which certainly ‘computes’.

ATROCITIES PERPETRATED BY DVD ASSETS
More generally, we are authoritatively informed that the following evil events were planned, supervised and/or perpetrated by DVD and/or controlled assets using ‘cutouts’ where necessary:

• Pan-Am 103, which disintegrated over Lockerbie, Scotland, on 21st December 1988, killing 270 people, of whom 11 were on the ground, and 189 people on board were Americans.

British intelligence sources advise that this flight regularly conveyed Syrian and Afghani opium to the United States, a fact that international intelligence had established and was investigating. The plane was destroyed to protect George H. W. Bush Sr. (41) and the DVD, Dachau, sources say.

• TWA Flight 800 Boeing 747-131 en route to Rome via Paris on 17th July 1996, was shot down by a missile fired from a submarine at about 20:31 EDT off East Moriches, Long Island, NY. All 230 people on board (two pilots, two flight engineers, 14 flight attendants and 212 passengers) were killed and the aircraft was completely destroyed, only 12 minutes after take-off from JFK Airport.

On 18th November 1997, the FBI announced that no evidence had been found for a criminal act, and the National Transportation Safety Board (NTSB), which had only arrived at the scene the day after the calamity, assumed control of the investigation. In its closing report issued on 23rd August 2000, the NTSB concluded that the probable cause of the accident was ‘an explosion of the center wing fuel tank (CWT), resulting from ignition of the flammable fuel/air mixture in the tank’.

There was talk of a short circuit outside the CWT that allowed excessive voltage to enter it through electrical wiring associated with the fuel quantity indication system.

The actual cause of the TWA-800 disaster, we are informed by British intelligence sources, was an attack from an Iranian submarine supplied to Iran by DVD assets inside Iranian intelligence, which arranged for this atrocity to take place in revenge for the shooting down of Iran Air Flight 655 from Bandar Abbas to Dubai (where the Tehran Mullahs keep their stolen funds, as noted) on 3rd July 1988, when 290 people were killed after the DVD controllers, using DVD assets, had ordered it to be destroyed in another cover-up exercise.

To achieve the TWA-800 calamity, Iranian operatives used AIM-54 Phoenix missiles supplied to Iran when the Shah was in power, for use with US-supplied Tomcat aircraft. British intelligence inform us that DVD engineers modified this weapon, which has the necessary range, for submarine use. Note: We cannot be held responsible for reproducing technical information other than on the basis of the data that was given to us. Experts can review this report in the light of their knowledge.

• Air India Flight 182 from Toronto and Montreal destined for London’s Heathrow Airport and Bombay, which crashed into the North Atlantic off Ireland on 7th April 1986: Intelligence sources advise that this event was connected with German pressure on India, and was orchestrated as usual by DVD, Dachau. A total of 329 people, of whom 280 were Canadians, perished.

• The Space Shuttle Challenger disaster on 28th January 1986: The Shuttle broke apart 73 seconds into its flight, causing the deaths of its seven crew members. The cause was said to be the failure of an O-ring seal in the right solid rocket booster (SRB). The seal failure induced a breach in the SRB joint that it filled, allowing a breach flare to reach the outside and impinge upon the adjacent attachment hardware and external fuel tank. This led to the separation of the right-hand SRB and the structural failure of the external fuel tank, whereupon aerodynamic forces immediately broke up the orbiter. The Rogers Commission found that NASA managers had known that the design by the contractor Morton Thiokol, of the SRBs, contained a potentially catastrophic flaw in the O-rings from 1977 onwards, but that NASA engineers had failed to correct the weakness.

The launch had been widely watched live on TV due to the presence among the crew of Ms Christa McAuliffe, the first member of the ‘Teacher in Space Project’. But according to British intelligence investigations, this catastrophe was caused by a DVD-sponsored sabotage operation exploiting the O-rings weakness and using a DVD penetration inside NASA. The ‘Teacher in Space Project’ was a ruse to maximise the domestic and global impact by playing on US sentiment. The DVD motive for this operation was not explained to us, but the fact that the Challenger was destroyed by a DVD-sponsored sabotage operation, was.

• The Space Shuttle Columbia disaster on 1st February 2003: The Shuttle disintegrated over TEXAS during its re-entry into the atmosphere, with the loss of all seven crew members. The finding was that the damage had been sustained during launch when a piece of foam insulation broke off the Space Shuttle’s external tank (the main propellant tank) under the aerodynamic launch forces. The debris struck the leading edge of the left wing, damaging the Shuttle’s thermal protection system. Again, this was a well-known problem which had been left unresolved by NASA.

The damaged area allowed the hot gases to penetrate and destroy the internal wing structure, eventually causing the vehicle to break up. British authorities advise us that sabotage exploiting the known weakness of epoxy resins was perpetrated in Louisiana, adding that this sabotage was undertaken, once again, to protect Bush 41. There has been no further elaboration, but the finding is confirmed in London.

• The Mississippi River bridge which failed catastrophically during the evening rush hour on 1st August 2007, killing 13 people and injuring about 100 others: British intelligence officers attribute this outrage to an Al-Qaeda repair gang, a finding based on a detailed investigation. During the weeks prior to the collapse, operatives were engaged in joint work and the replacement of lighting, concrete and guard rails. Al-Qaeda is a DVD long-range subversion operation.

• The Buncefield, Hertfordshire, UK, oil storage depot blaze on 12th December 2005, which was the largest fire of its kind seen in peacetime Europe, sending a plume of smoke 200 feet into the air, which was blown across 140 miles of southern England. The oil depot was/is the fifth largest in Britain, holding millions of gallons of fuel, supplying aviation fuel for Heathrow and Luton airports. About 2000 people living nearby had to be evacuated from their homes.

Raheel Ashraf, 26, from High Wycombe, was working as a security guard on the night shift at the building right next to the oil depot. British intelligence sources advise us that the oil depot was sabotaged by an Al-Qaeda cell, a fact that has been covered up and withheld from the public.

• British Airways Flight BA38 Boeing 777 which crash-landed at Heathrow Airport inbound from Peking, China, on 17th January 2008: All 136 passengers were evacuated after the plane’s crew were forced to glide the plane to safety when both engines failed at 600 feet. The aircraft just missed the perimeter fence by inches before touching down on the grass. Investigators initially suggested that the plane had suffered from ‘fuel freeze’ caused by the cold weather (a finding reinforced by a report released in September 2008).

The average freezing temperature of aviation fuel is – 47C, but tests have demonstrated that fuel on airliners does not solidify until – 57C. Investigators soon dropped this explanation when initial tests revealed that the fuel temperature never dropped below – 34C during the flight. A theory that radio signals from Gordon Brown’s motorcade, taking him to Heathrow for a trip of China where he was to discuss the Settlements, interfered with the plane’s engine control systems, was quickly ruled out. In reality, the background to this near-disaster was far ‘Blacker’.

Since Brown and his entourage were scheduled to fly to Peking as part of The Queen’s operation to break the logjam over the Settlements [see this website and International Currency Review for details], DVD assets inside Chinese intelligence and other structures had reason to believe, we are told, that the British Prime Minister’s meetings in China would have decisive consequences that a faction (the DVD faction) of Chinese intelligence opposed. Ahead of Gordon Brown’s trip, however, Western intelligence sources discovered that senior Chinese officials were openly boasting that the meetings that Gordon Brown was to attend, had all been cancelled.

Our UK intelligence sources advise that the ‘freezing fuel’ story was diversionary, and that the aircraft’s software had been tampered with before the plane took off from Peking. It had been precisely calibrated so that the aircraft would lose all power and would crash above Hounslow, a heavily built-up area, the intention being to orchestrate a colossal calamity with up to a thousand people dead. This is exactly what we have been told by UK intelligence sources. The purposes of this abomination would have been twofold: (1) To warn Brown against continuing intense British efforts to procure the Settlements; and (2) To prevent Brown leaving London for China. Because the perpetrators were so certain that Mr Brown would not be arriving with his advisers, Chinese officials cancelled all the scheduled meetings and made it prematurely known that they had been aborted. There is deep DVD penetration inside Chinese intelligence. All the meetings then had to be rescheduled for Brown’s arrival in Peking.

• The Channel Tunnel train fire: The recent very dangerous series of explosions on a freight train travelling through the Channel Tunnel is believed by our sources to have been a DVD-sponsored sabotage operation, which, like an aborted atrocity beneath the Thames that was supposed to have followed the 7/7 abominations, could have breached the Tunnel with catastrophic consequences.

• 9/11 attacks on the Twin Towers and related abominations: The complicity of the Iraqi régime, derived from the original Nazi-style putsch achieved with DVD assistance in the 1960s, was first revealed in a note written by Uday Hussein to the Kremlin that was surfaced by ONI operative Lt. Mark Delmart Vreeland in June 2000. Since this ONI operative was later incarcerated ‘in solitary’ in Denver ‘for a very long time and his case is sealed, so he’s no threat to you’ (according to a senior Pentagon-attached US intelligence operative speaking in person to the Editor of this service in March 2005), his information is typically discounted – although he was a ‘major player’ with whom contact could only be contemplated provided one was equipped with a ‘long spoon’. In reality, this operative, like so many other clever US operatives dredged up from the lowest depths of American society, was extremely well informed, provided he remained ‘on his meds’.

He is/was an MK-ULTRA-type victim, with a personality split through the use in childhood of the standard Himmlerian Illuminati ‘Black’ methodology. When Lt. Vreeland’s ‘alter A’ was in gear, his knowledge of the devastating consequences for the United States and the world flowing from the penetration and control over the US intelligence community and the financial system by long-range German (Nazi) interests, under the supervision of George H. W. Bush Sr., was lucid and of a high calibre. Off his ‘meds’, Lt. Vreeland could be extremely dangerous, as the Editor had occasion to discover directly on one occasion in May 2003, when he was returning by Amtrak to New York.

Iraqi motivation for perpetrating the atrocities of 9/11 included the reality that Saddam Hussein, Mr George H. W. Bush’s ‘partner’, had of course been double-crossed by Bush Sr., in accordance with that evil man’s standard practice, and the fact that Rafidain Bank, which Hussein considered to be his own ‘private bank’, had accumulated an estimated $100 trillion of ‘nanofunds’ that were held in sub-accounts of Rafidain Bank, which appear to have been booked in the City of London. The Bush Crime Family parked such proceeds with this bank, a state of affairs that went violently sour when the two trading ‘partners’ fell out after Bush Sr. double-crossed his counterparty, as usual.

When the American Ambassador to Baghdad, April Glaspie, let Saddam Hussein know that there would be no objection from the Bush I Administration if he seized the Kuwaiti oilfields (on behalf of Bush Sr., of course), such a seizure being in line with long-range DVD strategy, Saddam Hussein, believing that he had the US green light to seize the whole of Kuwait, proceeded accordingly. The female American Ambassador had prided herself on her knowledge of Arabic, but was deficient in her understanding of the working class ‘street’ Arabic spoken by Saddam Hussein, and failed to understand that he interpreted what she said as an indication that he had the green light to seize the entire Emirate. As a consequence of the occupation, Iraq acquired a Boeing 767 simulator.

From 1999 onwards, Iraqis were being trained on this simulator, although they also had a Boeing 707 fuselage at Salman Pak. Pilots trained on a Boeing 767 simulator can also operate a Boeing 757, as the cockpit is the same, we are informed.

It was always well known that the Iraqi Mukhabarat (counterintelligence), tracing its origins to the original takeover by force in the 1960s (when, essentially, the DVD/Abwehr seized power in Iraq (by proxy) from the established British tradition), maintained ties with Al-Qaeda, a DVD operation.

Persistent enquiries by British intelligence agents have established that the Boeing 767 simulator owned by Kuwait had been transferred to Baghdad and had not been seen since the Iraqi invasion in 1990. It is understood that the Kuwaitis took some persuading before they finally admitted that this was the case. They obviously understood the grave implications of this admission.

The simulator discovery locks all the other evidence of Iraqi complicity, including some evidence not recited here, into place. Iraq had the motives, not least Saddam Hussein’s soured relationship with George Bush Sr., his one-time ‘trading partner’. Standing behind the Iraqi régime was the DVD, which blackmails British politicians and officials through its agents and sleepers inside the British structures. In this context, Tony Blair, was ‘persuaded’ by the Germans to suppress all intelligence hinting at, or confirming, Iraqi complicity in the atrocities. None of this invalidated Lt. Vreeland’s insight, expressed in his ‘prison note’ by the phrase: ‘Let one happen. stop the rest!!!’

This was the mentality and strategy adopted by the ‘German’/DVD segment of the US intelligence community, and neo-con (Trotskyite) ‘strategists’, who saw that a ‘Reichstag Fire’ event would serve their dark interests by providing a blanket pretext for launching an indiscriminate ‘war on terrorism’, as cover for the erection of a comprehensive surveillance system, while also (as had happened with the Second World War) providing cover for the wholesale destruction of securities contracts. The purpose of this eavesdropping environment is not merely to provide authorities with enhanced intelligence on terrorist financing and operations, but also to collect information on who knows what about the open-ended fraudulent finance which has been the main subject of our ongoing investigations and exposures in recent years. This fraudulent finance, stealing, scamming, illegal exploitation, leveraging and hypothecation of stolen funds, finances the World Revolution. We have helped to expose it, destabilising this conspiracy.

A total of 653 personnel employed by the money broking firm Cantor Fitzgerald perished during the 9/11 abomination. Cantor Fitzgerald held top copies of a huge portfolio of derivatives contracts that were destroyed along with the Twin Towers and the firm’s personnel (plus a very large number of others, thought to be at least ten times greater than the 3,000-odd cited in the media). Destruction of the derivatives contracts meant that the contracts never came to maturity, enabling the corrupt Bushfraud hypothecation based on those ‘assets’ to be perpetuated: UNTIL NOW.

The Editor’s New York midtown office in Madison Avenue was located perhaps two miles away from the collapsed Twin Towers. In late October 2001, the stench of rotting human flesh in the midtown area was unbearable. When the Editor next visited New York in February 2002, the stench was still very marked. The notion that 3,000 people perished makes no sense against this background, and given the Bush Administration’s adherence to the Emile Dirkheim norm of deception and lies being the rule, the Editor is CERTAIN that the figure of 3,000 casualties is false. At least 30,000 perished.

• CONFUSION-MONGERING WEBSITES: Dr Josef Goebbels’ Big Idea was notoriously that it was only necessary to repeat lies incessantly for the lies to become ‘truth’. The more sophisticated method used by The George Bush Center for Intelligence and Terrorism is to sponsor and/or facilitate the open-ended proliferation of websites which all conflict with each other, redirecting attention away from what the ‘Black’ counterintelligence community wants to conceal, and fomenting confusion and depression among bewildered, honest people who are looking for ‘answers’ to what cannot be understood because of the sheer volume of lies inserted by the anonymous intelligence sources lurking among the host of genuine correspondents.

When pressed to reveal their identities, the anonymous intelligence CIA operatives refuse to do so, using the genuine anonymous correspondents as cover, because if they were to reveal their identities, their own cover would be blown.

From their anonymous cover, which protects them from being sued, they consider it appropriate to disseminate inaccurate, diversionary, redirectional material, lies and libellous and often obscene observations directed against open sources of intelligence, thereby functioning dishonestly on an uneven playing field and deceiving genuine people who may not have done their due diligence, or who, having been lied to for years, wind up preferring the Pied Piper’s comforting lies to the truth.

The resulting orchestrated and self-perpetuating confusion is exacerbated by the invention of the ‘Blog’, a highly subversive mind-numbing environment characterised by indiscriminate mixing up of helpful information and opinion, with crass, often obscene and despicable commentaries.

The end-result is the maximisation of the potential for mental dislocation and confusion, with the consequence that people become depressed, cynical, angry, sullen and resigned to whatever the evil people running the Government and its structures choose to dream up next. Since we KNOW that some such websites serve subversive foreign interests, including the DVD’s, this is another abomination that can be added to this list. For an earlier list of such US websites, see page 512 of the Editor’s book ‘The New Underworld Order‘, Edward Harle Limited, 2007, Note 3.

The technical name for the mental and psychological state engendered by these layers of mind-control abominations is ‘learned helplessness’. It is an insidious disease, rendered all the more toxic because those who succumb to it are blinded by its consequences, which means that they find themselves in the dark. Blind people cannot see at all, let alone in the dark:

‘Let them alone; they are blind leaders of the blind. And if the blind lead the blind, both shall fall into the ditch’. Matthew, Chapter 15, verse 14.

• AND FINALLY: BRIBERY, CORRUPTION AND BLACKMAIL:
Beyond these and innumerable other abominations, operations and ‘wily hun’ deceptions, the pan-Germans, through e.g. Deutsche Bank, have long since maintained control of high-yield investment and hypothecation operations. THEIR DAY OF RECKONING ARRIVED IN SEPTEMBER 2008.

The historically massive and unprecedented fraudulent finance operations described in our website and published reports were designed by the World Class criminalist operatives, George Bush Sr. and Dr. Alan Greenspan, both of whom we have long since identified as serial financial scamsters whom the US justice and law enforcement systems have failed to bring to book – thanks mainly to the largesse with which bribery is employed, along with blackmail, to keep targets under control. Dr Greenspan was earlier engaged in trying to protect himself from his very belated day of reckoning by adopting a falsely ‘objective’ stance and commenting from the wings on the gravity of the situation, for which HE, GREENSPAN, was himself primarily responsible.

Among recent hypocritical remarks for public consumption along such lines were his comments on 14th September that the then prevailing Wall Street financial meltdown was ‘probably a once in a century event. There’s no question that this is in the process of outstripping anything I’ve seen and it is still not resolved’. UNSPOKEN: What you ‘Useful Idiots’ don’t know is that I am responsible’.

In June and July 2007 we reported that Dr Alan Greenspan had been arrested. This was confirmed to us in an email from a highest-level US Trustee source on 25th June 2007, timed at 01:38 am UK time. The email states: ‘Christopher, thanks for the superb article of this date. I was able to get confirmation of Greenspan’s arrest. My Group of Eight intel said he is under house arrest’.

CONCLUSION:
This takes us back into the Settlements crisis and its aftermath, which are beyond the scope of this report. As indicated above, the Editor was compelled by the ‘triple gunshot voicemail threat’ to go further with these notes than had been intended (primarily because we do not believe in ‘stirring things up for the sake of doing so’). But the shooting threat meant that the lapse of time between the issuance of the threat, which has had to be taken seriously, and posting this report, had to be minimised. The advice we have received is that the gap between threat and the exposure is the most dangerous period. So, if DVD and its associates thought that by issuing the shooting threat they were achieving anything, the upshot, as usual, is that they have just made their predicament worse than was the case before they lost control and their temper. One day, perhaps, these evil people may come to understand that their relentless hatred of the ‘Main Enemy’ is a waste of time because, although we have been very slow and slothful ‘waking up’, the cat is well and truly out of the Black Bag: and the DVD Nazi Strategic Deception Continuum have only themselves to blame.

The fact of the matter is that the REAL enemies of ‘the Main Enemy’, both the enemies within and without, have been thrown into a state of absolute confusion, running around like rats let out of the sack inside which they have been attacking each other. Since the enemies of the ‘Main Enemy’, Britain and the United States, are also the enemies of the WHOLE OF HUMANITY, it is becoming clear why the mad orchestrators of the World Revolution are in a state of unanticipated disarray. They NEVER thought they would EVER encounter any real opposition. How wrong they were.

NOTES ON THE MEANING OF TRUTH:
WHAT IS TRUTH? PONTIUS PILATE’S PAINED QUESTION ANSWERED:

• ‘Then Pilate entered into the judgment hall again, and called Jesus, and said unto him,
Art thou the King of the Jews?

Jesus answered him, Sayest thou this thing of thyself, or did others tell it thee of me?

Pilate answered, Am I a Jew? Thine own nation and the chief priests have delivered thee unto me: what hast thou done?

Jesus answered, My kingdom is not of this world: if my kingdom were of this world, then would my servants fight, that I should not be delivered to the Jews: but now is my kingdom not from hence.
Pilate therefore said unto him, Art thou a king then? Jesus answered, Thou sayest that I am a king. To this end was I born, and for this cause came I into the world, that I should bear witness unto the truth. Every one that is of the truth heareth my voice.

Pilate saith unto him, What is truth?’.

John, Chapter 18, verses 33-38.

• ‘Truth is an accurate representation of the subject under consideration:

(1) As it relates to all other things;

(2) As it always has been in the past;

(3) As it universally holds in the present; and:

(4) As it shall hold without exception in the future.

Error is not the opposite of truth. Error is anything except truth.

If there are any exceptions, it is error’.

Dr Stuart Crane, with acknowledgements to the Editor’s friend, Des Griffin.

• Truth is often confused with candour, which cannot be relied upon to contain the truth. Candour is used by Soviet disinformation operatives, especially, as a means of perpetrating deception. US disinformation operatives, having been trained in the Nazi tradition of Dr Josef Goebbels, prefer the devices of obfuscation, diversion, lies and confusion, rarely using candour to mask truth.
They wouldn’t know how to begin!

• Discerning the truth:

‘Beloved, believe not every spirit, but try the spirits whether they are of God: because many false prophets are gone out into the world.

Hereby know ye the Spirit of God: Every spirit that confesseth that Jesus Christ is come in the flesh is of God: And every spirit that confesseth not that Jesus Christ is come in the flesh is not of God: and this is that spirit of antichrist, whereof ye have heard that it should come: and even now already is it in the world’.

First Epistle of John, Chapter 4, verses 1-3.

• ‘Now the Spirit speaketh expressly, that in the latter times some shall depart from the faith, giving heed to seducing spirits, and doctrines of devils;

Speaking lies in hypocrisy; having their conscience seared with a hot iron’.

First Epistle of Paul to Timothy, Chapter 4, verses 1-2.

• ‘This know also, that in the last days perilous times shall come. For men shall be lovers of their own selves, covetous, boastful, proud, blasphemers, disobedient to parents, unthankful, unholy, Without natural affection, truce-breakers, false accusers, incontinent, fierce, despisers of those that are good, Traitors, heady, highminded, lovers of pleasures more than lovers of God; Having a form of godliness, but denying the power thereof: from such turn away. For of this sort are they which [are] ever learning, and never able to come to the knowledge of the truth’.

II Timothy, Chapter 3, verses 1-5, 7.

FINALLY, the line ‘ye shall know the truth and the truth shall set you free’ IS INVARIABLY CITED OUT OF CONTEXT. The CIA cites the text deceitfully at its George Bush Center for Intelligence depot in Langley, turning the truth into a lie.

The point here is that this promise is CONDITIONAL. The correct and complete text is as follows:

‘Then said Jesus to those Jews that believed on him: IF ye continue in my
word, then are ye my disciples indeed;

And ye shall know the truth, and the truth shall make you free’.

John, Chapter 8, verses 31-32.

ANNEXE:

REITERATION OF THE STATUTES, SECURITIES REGULATIONS AND LEGAL PRINCIPLES OF WHICH THE CRIMINALISTS, THEIR ASSOCIATES AND RELEVANT BANKSTERS ARE IN BREACH:

LEGAL TUTORIAL: The Steps of Common Fraud:

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

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

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

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

Step 3: Theft by Deception and Fraudulent Conveyance:

THEFT BY DECEPTION:

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

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

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

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

FRAUDULENT CONVEYANCE:

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

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

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

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

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

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

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

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

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

MICHAEL C. COTTRELL’S U.S. FINANCIAL REFORM PROPOSALS

MORE RELEVANT THAN EVER GIVEN BASEL-II COMPLIANCE REQUIREMENTS

Thursday 18 September 2008 02:00

U.S. FINANCIAL MARKET REVAMP LAST MARCH IS A FALSE PROSPECTUS BY TREASURY

ALTERNATIVE PLAN PRESENTED HEREWITH IS SIMPLER, TIMELY, CHEAPER AND EFFECTIVE

PRESIDENT’S WORKING GROUP ‘REFORM PLAN’ EXPOSED AS A SELF-SERVING RUSE

BETTER PLAN BY MICHAEL C. COTTRELL, B.A., M.S. CAN BE UP AND RUNNING IN MONTHS

CONVOLUTED ‘PAULSON’ FABRICATION WOULD COST IMMENSE $ SUMS TO IMPLEMENT

TREASURY’S PROPOSALS REQUIRE SEVEN NEW AGENCIES, MR COTTRELL’S JUST ONE

THREE-STAGE ‘PAULSON’ PROPOSALS CALCULATED TO UNDERMINE MARKET PSYCHOLOGY

ALTERNATIVE PLAN SUPPLEMENTED BY A COMPREHENSIVE SECURITIES MARKET GLOSSARY

Economic Intelligence Review contains Michael C. Cottrell’s Rules-Based Reform Plan and the extensive Glossary of Financial Market Definitions. Publication date: Friday 15th August 2008.

• See our report dated 12th August 2008 inter alia for historical intelligence on GEORGIA. See reports dated 14th, 16th, 18th and 19th August for Georgia and Settlements Crisis Updates.

• INTERNATIONAL CURRENCY REVIEW, Volume 33, #s 3 & 4, all 972 pages of it, is making waves all over the world. It contains a blow-by-blow deconstruction of this crisis via the Wantagate plus our further analyses: and everything published therein is now well and truly ON THE GLOBAL PUBLIC RECORD. Accordingly the whole world owns a detailed, damning account of the serial criminality of the Bush-Cheney-Clinton ‘Box Gang’ et al., which CANNOT BE EXPUNGED FROM THE RECORD.

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

SIMPLE RULES-BASED MARKET STABILISATION PLAN BY MICHAEL C. COTTRELL, B.A., M.S.
In the first quarter of 2008, Michael C. Cottrell, B.A., M.S., President of Pennsylvania Investments , Inc., contacted the Editor of this service to brief him in detail on the dubious stratagems behind the disparate proposals that were finally unveiled at the end of last March by the President’s Working Group on Financial Markets, a.k.a. the ‘Paulson proposals’.

As a result of several conversations, Mr Cottrell, one of the foremost securities markets experts in the United States, prepared a critique of the US Treasury’s extraordinary ‘Plan’, which he was easily able to demonstrate is highly destablising, not least since its plainly confused recommendations undermine financial market confidence while demonstrably serving the interests of the criminalist kleptocracy at the expense of the genuine investment community. This analysis is presented here.

In short, the Working Group’s ‘blueprint’ is shown herewith to be a false prospectus.

Having discredited the Working Group’s proposals, which would call for the creation of no less than SEVEN expensive and mischievously overlapping new US regulatory bureaucracies and for the abolition of the essential rules-based securities market environment, which would be phased out over an imprecise but prolonged timeframe, Michael Cottrell presents his own effective and simple solution to the chaos brought about by years of officially condoned fraudulent finance.

This will require just ONE new US regulator, will call for the revalidation by Congress of the Glass-Steagall Act and for the decisive re-establishment of the essential rules-based system which the Securities and Exchange Commission (SEC) has neglected to enforce in recent years, and can be implemented in full within the space of just a few months, at most. Additionally, Mr Cottrell’s simple Plan will be infinitely cheaper to implement than the top-heavy Working Group proposals.

The Editor has incorporated Mr Cottrell’s proposal into this analysis; and the extensive Glossary, built around Michael C. Cottrell’s original framework, has been expanded so that all concerned can readily understand what has to be done. Michael C. Cottrell, B.A., M.S., can be contacted direct on: 814-455 9218 (voicemail), and at: pii-mcc@msn.com.

Mr Cottrell’s reform framework has been elaborated by the Editor to incorporate ideas for which he alone is responsible but which Mr Cottrell has graciously approved.

• Important Note: We can only report US law as it stands. We cannot make exceptions and neither can we speculate as to the prospective actions of authorities given, for instance, the admission by UBS that it broke the law, and the consequences of that admission for some US investors who may consider that they are eligible for Settlement payouts. Nor can we enter into ANY correspondence concerning that matter. The only issues that we will discuss arising from this post are Mr Cottrell’s practical and straightforward recommendations: and these issues should be raised with him direct.

EXECUTIVE SUMMARY
This paper describes, exposes and then systematically demolishes the credibility and relevance of the so-called ‘Paulson’ proposals, a.k.a. the mish-mash of convoluted notions brought forth by the President’s Working Group on Financial Markets at the end of March 2008.

In passing, it questions the basis upon which expectations of repayment by some US participants in ‘humanitarian’, Omega and other often unregistered, and therefore usually (in the United States) illegal, Ponzi schemes are predicated, shows why these schemes are illegal by comparing them to what the US securities and other relevant US legislation requires, and presents inexpensive and constructive proposals to replace ‘Paulson’s’ dog’s dinner – which, incidentally, would call for the establishment of no less than SEVEN expensive new US bureaucratic agencies, whereas the Plan, devised by the securities expert Michael C. Cottrell, M.S., which is advanced here, would require just ONE new agency instead. Further, Mr Cottrell’s scheme could be up and running within a few months, whereas the ‘Paulson’ dog’s dinner is phased over an indeterminate timeframe.

OFFICIAL PROPOSALS ARE MISCHIEVOUS
On investigating this matter, we were quite surprised at the ease with which the Working Group’s spurious obfuscation operation could be shown to be a glaringly false prospectus that has been jumbled together in order to disguise what can only be described as its underlying mischievous intent. For these proposals dishonestly seek to convey an impression of regulatory reform (in response to the chaos in the financial markets which has been brought about exclusively by the serial criminality of holders of high office) – whereas their actual purpose is to mask the objective of precluding meaningful reform in favour of cosmetic adjustments consistent with an even more permissive and crime-friendly environment than exists today.

Indeed a pattern of nefarious US official behaviour has become clear since the deregulation of the Savings and Loan Associations in 1982. It can be summarised as follows. Far from entertaining any clear intention of curbing excesses and seeking to contain financial sector crises and instability brought about by organised financial fraud condoned at the highest levels of American power, the participating US authorities typically allow the prevailing crisis of confidence and its real economic consequences to escalate until, as happened at the end of the 1980s with the messy ‘responses’ developed by Congress to the ‘hollowing out’ (enronisation) of the thrifts, the problems become so huge that radical departures are agreed upon ‘under duress’ which, in turn, provide the intended basis for a proliferation of fraudulent financial operations ‘by other means’.

FOLDING THE CRIMINALISTS’ CRISIS INTO A ‘UNIVERSAL SOLUTION’
This is exactly what these cynical ‘Paulson’ proposals are predicated to achieve. The underlying motive here is to ‘fold’ the contemporary financial and economic crisis into a ‘ universal solution’ which will, if this Treasury has its way, give the arch-planners of fraudulent finance practices, carte blanche to proliferate their scams and aberrations for many years to come.

Accordingly, the fraudulent prospectus disgorged by the President’s Working Group on Financial Markets needs to be consigned forthwith to the trash can. This report will help to achieve that.

As indicated, we present a simple, straightforward, constructive, inexpensive and quickly and easily implemented alternative Plan to replace it. Its author, Michael C. Cottrell, M.S., one of the United States’ foremost securities markets experts, argues that no further attention should be paid to the dishonest and discredited ‘Paulson’ proposals, which have in any case more or less run into the sand; and that the straightforward measures advocated below should be adopted, instead.

They would immediately inject the necessary discipline into the marketplace, precluding scope for securities scamming models to which the notorious American kleptocracy has become accustomed.

This paper is supplemented by an extensive Glossary of securities environment terms, for the benefit of the lay reader. The Editor has incorporated several appropriate new terms in the list.

SELF-SERVING PLAN TO ‘CLEAN UP’ MESS THE CRIMINALISTS THEMSELVES CREATED
Among the most distasteful characteristics of the world-class financial criminals exposed through our reports is their habit of advising the Rest of Us how the distasteful consequences of their own glaring criminality are to be overcome. The flip-side of the accomplished US financial criminalist is typically an unimpressive ‘angel of light’, who preaches the virtues of sound finance, in order to mask the fact of his endless reprobate financial misbehaviour.

Thus, having presided over and orchestrated the stealing of colossal sums of other people’s money, the US intelligence operative calling himself Henry M. Paulson Jr. [but see Memorandum below], as advertised, promulgated, in March 2008, a set of goofy and confused proposals for the ostensible ‘reorganisation’ of the way the US financial markets are regulated, which amounts to a pre-planned ‘new regulatory order’ – but the purpose of which, on investigation, turns out NOT to be improved financial sector discipline, but rather the cynical and surreptitious institutionalisation of market conditions that will facilitate replication of the abuses and fraudulent finance that have so far been exposed, but on a far broader scale, in the years to come.

A prerequisite for understanding what follows, and the prevailing financial days of reckoning and their origination generally, is to recognise the subversive reality of the ‘angels of light’ deception model. The financial sector traditionally clothes itself in a mantle of assumed righteousness, which is reinforced by generational layers of perception yielding a belief that financial institutions are, generally speaking, models of rectitude which cannot deviate from the strict codes of conduct that are presumed to surround them, and therefore from the Rule of Law.

BELATED, GRUDGING REALISATION THAT WHAT HAS BEEN REPORTED IS ACCURATE
Because this general lazy presumption is rarely, even today, called into question, it took, to our certain knowledge, certain British and American circles over two years to reach the staggered conclusion that what we have been reporting was accurate, both in general terms and more often than not, in terms of specifics as well.

By the same token, the underlying assumption that the exotic Treasury proposals developed by the President’s Working Group on Financial Markets, which will be demolished here, are of beneficial and enlightened intent, has no basis in reality, as will now be examined. On the contrary, as might have been expected, they represent ANOTHER pathetic scam, a deception, a diversion, a PLOY.

We will begin with a ‘straight’ summary of the ‘Paulson’ proposals, which will then be exposed as representing a false and deceitful prospectus.

THE FALSE PROSPECTUS AS ANNOUNCED
Following our exposures of financial fraud between June 2006 and the same month a year later, tensions rose to such a pitch behind the financial sector scenes that the US authorities felt the sudden need to be seen to be ‘doing something’ – an urge that resulted in the establishment of the President’s Working Group on Financial Markets.

But by ‘doing something’, the criminalists actually meant leveraging the financial crisis which has developed as a direct consequence of their criminality through the advocating of false ‘reforms’ under cover of which they intended to institutionalise a permissive US environment which would guarantee that their addiction to manufacturing liquidity out of thin air through untaxed high yield investment programs (out of bounds to ordinary mortals because outside the officially protected corruption zone, they are lethally risk Ponzi scams: see below), would be OK’d without recourse.

The phrase ‘Working Group’ is a designation used by Israeli intelligence to describe an operation inside the Israeli Government structures (viz., intelligence), with a focus on developing a modus operandi to achieve an instructed objective, according to Robert Littell [‘Vicious Circle’, Overlook Press, Peter Mayer Publishers, New York, 2006].

After ‘labouring’ for eight months, the Working Group brought forth a convoluted, fragmented and opaque ‘THREE-STAGE plan’ to ‘reform’ US regulation of the very financial institutions with which the now disgraced ruling kleptocracy has been collaborating to scam ordinary American citizens, mortgage ‘holders’, the US Government itself, and foreigners who fail to do their ‘due diligence’.

The overall effect of the regulatory fragmentation plan put forward in bad faith (as we demonstrate below) by the Working Group would be to place the control of all financial markets wholly under the power of the President of the United States – which, given the criminality of the present and recent incumbents, would be a recipe for the institutionalisation of fraudulent finance, the elimination of all remaining checks and balances, and consequently for a corrosive financial market environment leading to a financial meltdown in a few years’ time which would make the present crisis look like a pleasant afternoon by the seaside.

Before we go any further, we must summarise the Working Group’s proposals without commenting in any detail immediately on their implications:

STAGE ONE, AS PROMULGATED BY THE PRESIDENT’S WORKING GROUP:

• The President’s Working Group on Financial Markets would be expanded to add banking sector regulators not hitherto participating in its deliberations, in order to broaden the Working Group‘s supposed focus to incorporate the whole of the US financial sector, rather than just the financial markets as such (begging the question: what was the problem? Why the delay?).

• Lending by the Federal Reserve: Because non-bank financial institutions have, since December 2007 (thanks to the chaos brought about by fraudulent finance operations over which this ‘Paulson’ himself presided) had access to the US Federal Reserve, the Fed would be able to conduct on-site examinations of such borrowers and impose conditions on their operations.

• Establish a Mortgage Origination Commission to consist of six Board Members, taken mainly from Federal structures. The new entity would proceed to establish minimum licensing standards and testing criteria, and would gauge and grade the adequacy of each State’s mortgage control system. This would be accompanied by clarification of which Federal body is to enforce mortgage lending legislation (which, for some unexplained reason, the Working Group could not manage to do).

STAGE TWO, AS PROMULGATED BY THE PRESIDENT’S WORKING GROUP:

• Federal Oversight of State-Chartered Banks: It was reported that the US Treasury recommended a study to determine whether the Federal Reserve or the Federal Deposit Insurance Corporation (FDIC) should have oversight of State-chartered banks. (Great! So we need a ‘study’. Why didn’t the Group perform that study, then? Why the ‘need’ for further delay while the ‘study’ is carried out?).

• Thrift Charter to be eliminated: The following banking sector regulator was categorised as ‘past its sell-by date’: The Office of Thrift Supervision. This entity, which oversees US Savings and Loan Associations (so-called ‘Thrift Institutions’) should be closed down and folded into the Office of the Comptroller of the Currency, which has oversight of National Banks. (No reason given).

• A new (optional) Federal Insurance Charter: The US Treasury proposed the creation of a Federal regulator to cover the insurance sector, which is extremely corrupt in the United States. The first step would be to ask Congress to create an Office of Insurance Oversight within the US Treasury, to focus on international issues and to advise the Treasury on insurance sector affairs. This would be the first step towards the creation of step two, namely the creation of a new Federal Insurance Charter. (Notice that everything is ‘spaced out’, laid-back, confused and overlapping).

• Revised payments and settlement arrangements: Under the eccentric proposals brought forward by ‘Paulson’, it was suggested that the Federal Reserve Board should be given oversight and rule-making authority over the payment and settlement systems for the processing of payments and the transfer of securities between financial institutions and their clients. (Hence, de facto regulation of the securities markets would devolve into the hands of the untrustworthy Federal Reserve).

• Futures and Securities markets: The US Treasury used this report to call for the merger of the Commodity Futures Trading Commission (the CFTC) and the Securities and Exchange Commission (the SEC), neither of which has been doing its job properly, given the sheer scale of the bribery and corruption behind the scenes, plus reports that the SEC has itself been engaged in trading on own account (see below).

In particular, the Treasury proposed that the Securities and Exchange Commission, which operates (or should operate) on the basis of precise rules and regulations backed by rigorous enforcement, should ‘preserve’ the modus operandi of the US Commodity Futures Trading Commission, which is that business should instead be conducted in accordance with stated ‘principles’.

In other words, the Treasury wanted to scrap the rules-based system (required under the 1933 and 1934 Securities Acts) and to replace it by a vague ‘principles- based’ system’, which would mean that enforcement would be almost impossible – because a régime of relativism would prevail and key terms would remain undefined.

Securities professionals are taught and intensively trained to operate exclusively on the basis of the SEC’s ‘rules-based’ system, which precludes any deviation whatsoever from the established rules (provided the regulations are enforced, which has not been the case for years because of corruption within the Securities and Exchange Commission itself).

STAGE THREE, AS PROMULGATED BY THE PRESIDENT’S WORKING GROUP:

A new US regulatory structure would be imposed over the longer term, under which US financial institutions would be asked to choose between one of three Federal Charters:

• Federally Insured Depository Institution:
This would be applicable to all lenders with Federal deposit insurance.

• Federal Insurance Institution:
Applicable to all insurers offering retail ‘products’ which entail some degree of Federal guarantee.

• Federal Financial Services Provider:
This charter would cover all other categories of financial services firms.

Under this regime, the following SEVEN NEW FEDERAL AGENCIES, each with its own hyper-expensive self-serving bureaucracy would ‘regulate’ US financial institutions:

• The Market Stability Regulator: Under this vague proposal, the Federal Reserve was to ‘look out’ for threats to the stability of the United States’ diverse financial system, whether they originated with banks, insurance corporations, mortgage lenders, investment banks, hedge funds, or with any other type of financial institution.

The Federal Reserve could require corrective measures to be taken to address current risks or to curb future risk-taking, but these powers could only be exercised if overall financial stability was threatened. In other words, this entity would essentially achieve nothing at all, leaving the financial markets alone (until it was too late), thereby passively facilitating a progressive repetition of the near-catastrophe experienced since the mid-1980s, but on a far larger scale.

• Prudential Financial Regulatory Agency: This new entity would regulate US financial institutions buttressed by explicit Government guarantees associated with their operations, such as Federal deposit insurance. The new US agency would assume the rôles of the current Federal prudential regulators, including the Office of the US Comptroller of the Currency and the Treasury’s Office of Thrift Supervision. Yet another (subsidiary) regulator would focus on the hitherto unrestrained and unregulated off-off-budget Government-Sponsored Enterprises (GSEs) which, though established by the Federal Government, were placed (on creation) into the ‘private’ sector and have implicit Government backing, such as the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal Home Loan Bank System. See our report dated 26th December 2007 for insights into how Fannie Mae, for instance, has been used to perpetrate fraudulent financial transactions in the US mortgage sector [Archive].

• Conduct of Business Regulatory Agency: This new regulator would be charged with ‘consumer protection’ with respect to all categories of financial entities. The agency would watch disclosures and business practices, and would supervise the licensing of certain types of financial firm.

It would absorb many of the functions of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), and would undertake some responsibilities that are currently handled by the Fed, state insurance regulators, and the Federal Trade Commission.

• Federal Insurance Guarantee Corporation: This new agency would replace the Federal Deposit Insurance Corporation, charging premia to guarantee bank deposits and insurance payouts.

• Corporate Finance Regulator: This new entity would take over other functions of the Securities and Exchange Commission, such as the oversight of corporate disclosures, governance issues, accounting, and other matters.

In other words, SEVEN NEW BUREAUCRACIES would regulate everything and achieve nothing.

THE PURPOSE OF THE FALSE PROSPECTUS: OBFUSCATION
Confused? That’s precisely what is intended. As can be seen, this curious pot-pourri of convoluted arrangements matches the intentions of those who framed it (and who will not see it implemented, we feel sure). Those intentions can be summed up in the single word: OBFUSCATION.

For these proposals were developed during the immediate aftermath of the emergence of overt financial sector strains arising from the ongoing exposures of the open-ended financial fraud; and their purpose, from the outset, was not to enhance regulation and to make it ‘more efficient’, but rather to bring forward a novel framework under cover of ‘overdue reforms necessitated by the credit crunch and the financial crisis generally’, which could be exploited and leveraged to cover up, rather than to further expose, the serial financial criminality that blew up in the faces of the US kleptocracy as a consequence of the exposures of its endless criminality.

In other words, the President’s Working Group on Financial Markets appears to have been briefed in bad faith, its task being to develop a platform and framework of proposals which would serve the purpose of obfuscating financial criminality, while appearing to do the opposite. This was, in short, nothing less than a typical deception, intended to convey the dubious impression that ‘reform’ was (belatedly) being recommended, while in practice substituting the existing regulatory system which has not been properly enforced, with a vague, woolly régime framed so as to facilitate the very free-wheeling fraudulent finance and risk-taking that the proposals are supposed to deter.

Since, however, the proposals were brought forward by deception operatives whose speciality has all along been dialectical ying-yang behaviour, duplication and duplicity, the discovery that these proposals are a sham, comes as no surprise. Whether those who listened to ‘Paulson’ making this pitch on 2nd July 2008 at the Royal Institute of International Affairs (Chatham House) in London (the globalist UK think-tank which masquerades as a free-standing institution of the British nation state while constantly undermining it), understood this duplicity, seems improbable.

On that occasion, ‘Paulson’ presented a series of vague generalities for the consideration of the British ‘Great and the Good’ assembled to hear this pitch, such as that ‘the financial landscape has changed, and non-bank financial institutions play a significantly greater role’ than used to be the case. (When one of our special contacts attempted to make himself known to this ‘Paulson’ fellow, he vanished out of sight).

But the existing US regulatory régime has not ‘failed’ because it is no longer ‘fit for purpose’. It has ‘failed’ for three straightforward reasons:

(1) Some of the regulatory agencies, such as the Federal Reserve Board itself, the Securities and Exchange Commission, and the Commodity Futures Trading Commission, are/have been corrupt.

(2) The corrupt regulators have accordingly failed to regulate, let alone to enforce their regulations.

(3) The focus of the corrupt regulators is to prolong the obfuscation operation, to verbalise their dereliction of duty through spinning for the benefit of the likes of The Wall Street Journal, and to seek to draw a veil over such issues as the SEC’s ‘legitimisation’ of naked shorts for a restricted group of participants, whereas a regulator should be completely impartial. The overall objective is self-preservation, protection of their own personal interests, and staying out of jail themselves.

• In respect of ‘naked shorts’, has the SEC conveniently forgotten the old securities market adage:
‘He who sells what isn’t his’n, Must put it back or go to prison’?

TERMS DELIBERATELY LEFT UNDEFINED UNDER THE INTENDED ‘PRINCIPLES-BASED’ REGIME
In place of the existing (albeit unenforced) regulatory régime, ‘Paulson’ proposed a system not of rules-based regulation, which could be enforced if the regulatory agencies themselves were not corrupt, but of ‘principles’-based regulation, which, by definition, would entail that there would be no rules to be enforced, terms are not defined, and that breaches of ‘principles’ are liable to be irrelevant because it would always be a nuanced matter of relatavist judgment whether principles were being flouted, or not. In otherwise, such a régime would not amount to a regulatory régime at all, but rather to a crooks’ charter and paradise. ALL OVER AGAIN.

If the existing US regulatory agencies were doing their jobs properly, they would be adequate for the purpose – and certainly far more adequate than the deliberately complexified, overlapping and obfuscatory framework suggested by the President’s Working Group on Financial Markets.

But while the Working Group may be redundant and has discredited itself, the financial market issues that it was supposed to have addressed, remain in existence and as intractable as before.

THE EXISTING U.S. REGULATORY FRAMEWORK
The existing US regulatory framework, for the record, consists of the following agencies:

• Federal Reserve System: Supposedly regulates the US monetary system and oversees bank holding companies. Historically lacked real assets apart from its contract to print the currency of the United States, which ought to be a function of the US Treasury,

• Securities and Exchange Commission (SEC): Established by the Congress in 1934 to regulate the securities markets in accordance with stated rules and under the 1933 and 1934 Securities Acts, to maintain ‘fair’ markets and to protect investors. The SEC also, as a primary element of its oversight powers, reviews corporate financial statements, is supposed to enforce the securities regulations, and provides guidance for the framing of accounting rules.

• Federal Deposit Insurance Corporation (FDIC): This regulator insures deposits lodged by bank customers against the failure of banks. The FDIC was created in 1933 to build and maintain public confidence and to encourage stability in the financial system by fostering sound banking practices.

• Office of the Comptroller of the Currency: This traditional arm of the US Treasury Department was established in 1863 to supervise and regulate National Banks and the Federal branches of foreign banks. Its purpose is to promote the safety and soundness of the banking system and to conduct on-site examinations of banks across the nation.

• Commodity Futures Trading Commission (CFTC): Established as a US agency in 1974, this entity is supposed to ensure the open and efficient operation of the US futures markets, which started out trading agricultural futures, and now trade sophisticated synthetics (derivatives).

• Office of Thrift Supervision: This agency issues and enforces regulations governing the United States’ Savings and Loan sector (Thrift Institutions). It is responsible for ensuring the safety and soundness of deposits with Thrift Institutions.

SHORT HISTORY OF U.S. FINANCIAL TRANSPARENCY

(A) 1890 to the 1920s:

Leading American financiers of the late 19th century, such as John J. Astor, Cornelius Vanderbilt, John D Rockefeller and J. P. Morgan (1), provided capital to finance the establishment of very large corporations and combines, also known as the trusts, which came to wield enormous power across entire industrial sectors. As a consequence, by the year 1890, the control of 5,000 corporations was held by about 300 such trusts operating all over the country. By 1900, the largest dozen of these combines were capitalised at over $1.0 billion (2) .

Accordingly, investment bankers became corporate directors – with Morgan, for instance, having board representation on 78 investment bank companies.

Therefore, when these large corporations needed injections of capital, the bankers who were sitting on their Boards claimed to represent the bondholders (3).

Disclosure of financial information was entirely voluntary, even though disclosure of predator practices could only be revealed via the balance sheet (4). The Sherman AntiTrust Act of 1890 was enacted in order to define and make the monopolistic activities of such trust companies illegal (5).

In 1914, the Clayton Anti-Trust Act sought to increase competition across the business sector by restricting predatory corporate activity such as acquiring other competing corporations and the practice of allowing interlocking corporate directorships (6).

And the Federal Trade Commission Act, passed in the same year, established a regulatory authority, acting as the ‘watchdog of competition’, to protect the American consumer from ‘unfair methods of competition’ (7). In other words, raw, unregulated capitalism was by now seen as being prone to abuse and in need, therefore, of official constraint.

(B) 1920s to 1941:

During this period, the number of investment companies that were formed in the United States steadily increased from six in the year 1921, to 46 in 1925 (8).

While most of these investment companies were subject in some measure to the ‘Blue-Sky’ [see Glossary] requirements, the State statutes and regulations appear not to have treated investment companies much differently from the general run of corporations and business trusts (9).

As previously, disclosure of financial information remained voluntary, even though the disclosure of predatory practices could only be conveniently disclosed through the balance sheet (10).

Between 1927 and 1929, these investment companies raised approximately $2,300,000,000 from the sale of new securities. Their assets increased from $550,000,000 in 1927 to almost $2,600,000,000 in 1929 (11). Distribution of the shares in these fixed trusts reached peak levels during 1930 and 1931, when $600,000,000 of their shares were sold, inducing the passage of various US statutes and the promulgation of regulations which brought the expansion of these fixed trusts to an end (12).

In 1933, North Carolina adopted a regulation (which in due course was adopted as Section 11 of the Investment Company Act of 1940) which prohibited the charging of any sales load on the switching of trust shares (13). As a consequence of the lessons learned the 1920s and early 1930s, including bitter experiences suffered by investors with ‘bucket shops’, the original and copycat Ponzi and Pyramid-selling schemes, and other forms of fraudulent finance that flourished in this free-for-all environment, the Congress passed the stringent Securities Acts of 1933 and 1934, followed by the Maloney Act of 1935; and in the banking sector, the Banking Act of 1933 and the Glass-Steagall Act of 1933 which restricted US banks to banking operations and precluded their participation in the securities markets. The Securities Acts were updated by the Securities Acts Amendments of 1970.

THE EXPENSIVE FALSE PROSPECTUS ANALYSED:

U.S. TREASURY’S 2008 REGULATORY ‘REFORM’ PROPOSALS (14), (15)

Astonishingly, in view of the obvious fact that these proposals would be bound to have an impact on fragile financial market confidence, the Working Group’s suggestions were phased, with short- medium- and long-term proposals set within an imprecise timeframe, interspersed with periods of reflection for ‘study’, and personnel being liable to be poached from old regulatory agencies that would remain alive in one phase, but not the next, and with every opportunity taken to ensure that the responsibilities of no less than SEVEN newly proposed, expensive agencies would overlap as much as possible, while existing agencies would languish in a state of limbo or uncertainty pending prospective abolition, or not, as might be decided in a later phase.

Self-evidently, this confused prospectus is a recipe for undermining confidence in the integrity of financial market regulation, and therefore in the integrity of the financial markets themselves, as well as maximising the potential for obfuscation, as will be seen:

(A) THE SHORT-TERM PROPOSALS:

The President’s Working Group on Financial Markets is/was intended, we read, to be composed of a Coordinator of Financial Regulatory Policy and to cover the entire American financial sector, as indicated above, not merely the financial markets.

It was thus to incorporate banking regulators not currently participating in the study group, and would need to broaden its financial focus to capture the whole of the financial sector.

Hence the Working Group was to facilitate inter-agency coordination and communication, with a view (ostensibly) to developing proposals to mitigate all systemic risks to the financial system, to enhance the integrity of the financial markets, to promote protection of consumers and investors, and to support the efficiency and competitiveness of the financial markets.

Since overall ‘competitiveness’ covers the stance of any given financial market environment by comparison with foreign counterparts, the Working Group would or will have had to consider the impact of any proposals it puts forward on the competitiveness of the market in question, with its equivalents abroad; and the moment that such considerations had to be considered, the knee-jerk response of the Working Group’s membership is liable to have been to opt for the most lenient and liberal ‘solution’ on the drawing board.

As for the proposed creation of a Federal Mortgage Origination Commission (MOC), this huge new bureaucracy would be headed by a Director appointed by the President of the United States for a four- or six-year term – which means that, in accordance with the standard corrupt US practice, the job would be likely to go to a presidential crony.

The six Board members would be supplied from the Federal Reserve, the Office of the Comptroller of the Currency (OCC), the Office of Thrift Supervision (OTS) and the Federal Deposit Insurance Corporation (FDIC), even though the last of these three agencies were to be abolished under the proposals, and the Federal Reserve itself remains vulnerable, under unpublished H.R. 2778 of the 110th Congress, to be abolished and merged within the US Treasury.

The other two Board Members would be supplied from the National Credit Union Association and the Conference of State Bank Supervisors.

The new Mortgage Origination Commission would develop minimum licensing standards, testing criteria and a system for grading the adequacy of each State’s financial regulatory arrangements. The drafting of regulations covering national mortgage lending legislation would, the Working Group apparently proposes, remain exclusively with the Federal Reserve, as provided for under the Truth in Lending Act.

Finally, the States should be given clear authority to enforce Federal mortgage legislation upon independent mortgage originators, that is to say, those mortgage originators considered to have been responsible for originating most of the so-called ‘sub-prime’ loans.

There was no reference to the practice of collectivising such mortgage loans, let alone with false documentation purporting to represent other mortgages but which lack any underlying asset at all, for the purpose of ‘securitisation’ and marketing to gullible investors at home and abroad who may not perform adequate (or any) due diligence.

For the short term, too, the Treasury’s blueprint put forward two considerations relating to the overall stability of the financial markets. Specifically:

(1) The prevailing temporary liquidity provisioning process, designed to alleviate threats to market stability (launched in December 2007 in the face of the crisis of confidence which overwhelmed the American authorities given the accumulated consequences of their incompetence, criminality and mismanagement of the US financial system), must ensure:

• That the process is calibrated and transparent (with no definition of terms here);

• That appropriate conditions are attached to the lending, (with no explanation of ‘appropriate’);

• That information flows to the Federal Reserve System via on-site examinations, and/or that other conditions or means can be imposed as determined by the Federal Reserve, with no recourse and without any indication here of what the Federal Reserve might have in mind.

(2) The President’s Working Group should consider broader regulatory issues related to discount window access for non-depository (i.e., investment banking) institutions. So, this Working Group has not yet undertaken such considerations? What, then, was it doing between August 2007 and March 2008, exactly?

(B) THE MEDIUM-TERM PROPOSALS:

Under this heading, the Treasury recommended, as summarised above:

• Elimination of ‘redundant’ banking regulators, without providing any rationale for such a drastic and reckless measure, and without having practical alternative proposals formulated or in place;

• Closing down the Office of Thrift Supervision, ditto;

• Folding the responsibilities of the Office of Thrift Supervision into the Office of the Comptroller of the Currency, again with no rationale for such action being provided.

Having shredded key existing regulatory institutions without replacing them (at this stage), the Treasury proposed that the next step should be that a leisurely ‘study’ should be undertaken, to establish whether the Federal Reserve or the Federal Deposit Insurance Corporation (the FDIC) should have oversight of the State-chartered banks.

This seems to us to be quite ridiculous, and asking for trouble. First, some existing regulators are abolished, without the Treasury at this stage having a clue what should take their place. Secondly, having abolished the regulators, the Treasury would then embark upon a ‘study’ to decide what to do next, as it says it is undecided (cannot make up its mind) whether the Fed or the FDIC should oversee the State-chartered banks – a confused recommendation akin to throwing all the furniture out of the window before deciding what, if anything, should replace it.

A moment’s reflection will convince even the most enthusiastic supporters of the corrupt US ‘Paulson’ Treasury that these proposals are, of put it mildly, mischievous.

Nobody who cares about US financial market stability can possibly take them seriously: indeed, the proposals , even as far as has so far been described here, are so mixed up and destabilising, that it is no exaggeration to ask whether they represent some kind of spoof.

Has some malevolent gremlin substituted this mischievous verbiage for what the Working Group actually submitted? Given the track record of ‘Paulson’s criminalist Treasury, that may not be as far-out a proposition as it may appear to be.

The third element of the intermediate recommendations brought forward by this muddled report departed from common sense by recommending that the Federal Reserve – which has achieved notoriety thanks to its two-tier policy of purporting to represent the Rule of Law while at the same time surreptitiously condoning and facilitating corrupt financial practices through exploitation of the unaudited and secretive Federal Inter Bank Settlement Fund – should acquire oversight and rule-making authority over payment and settlement systems that process payments and transfer securities between financial institutions and their clients.

This would be worse than placing the fox in charge of the chicken coop: it would ultimately lead to the liquidation of the chickens by guaranteeing the perpetuation of the fraudulent finance model that has been exposed by notorious recent developments. And again, no coherent rationale for this supposed ‘reform’ was presented with the recommendations.

Put another way, the report then recommended that the Federal Reserve should acquire oversight and, inconsistently, rule-making authority, over the payment and settlement systems that process payments and transfer securities between financial institutions and customers.

Since this all-embracing ‘reform’ would include ALL institutions, this would mean inter alia that the Federal Reserve would in practice acquire rule-making authority over securities broker-dealers. Hence, the rule-making authority to be abolished with the folding of the Securities and Exchange Commission (see below) would reappear under the aegis of the Federal Reserve, although we are not told what category of rules the Fed would promulgate. It can be taken as read that the rules to be promulgated by the Federal Reserve would bear no discernible relationship to the rules long since established (but lately, not enforced) by the Securities and Exchange Commission.

On top of this nonsense, the proposals recommended a further unresolved ‘solution’, calculated to maximise uncertainty – this time in the insurance sector. First, the Working Group floated the idea of creating a Federal regulator to oversee the insurance industry.

Then, after floating this suggestion, the Treasury wants to ‘ask Congress’ to create a new Office of Insurance Oversight (OIO) which would function from within the Treasury, meaning of course that the Treasury would control the insurance sector directly. Since the Treasury, like the US Federal Reserve, has demonstrated that it is thoroughly corrupt, this recommendation would simply enable the corrupt Treasury to capture and channel the well-known corruption that bedevils the insurance sector in the United States. The OIO would supposedly focus upon international insurance sector issues, while also providing the Treasury with ‘advice’ – a completely meaningless concept since the entity, resident within and therefore a part of the Treasury, would accordingly be advising itself.

[The probable hidden intention here would be to replicate the Federal Financing Bank (FFB), which is likewise an office (plus some filing cabinets) situated within the US Treasury but which for many years enjoyed off-budget status, thereby providing the Treasury with increased ‘wriggle-room’ for its usual ‘smoke-and-mirrors’ financial shenanigans. As matters stand today, the Federal Financing Bank is one of the basic mechanisms that enables the Secretary of the Treasury to manipulate the Government’s finances by exploiting the fact that is allowed by statute to have $15.0 billion of debt outstanding at any one time, so that by means of creative bookkeeping, up to $15.0 billion extra can be borrowed on those occasions when the Congress has deployed its residual ‘control’ over the spending of the Executive Branch by refusing to raise the Statutory Debt Limit, in exchange for some Federal Budget concession or other that it seeks to extract from the Executive Branch].

In short, and Office of Insurance Oversight inside the Treasury would simply be leveraged by the corrupt Treasury for its own purposes, and in furtherance of the dubious interests of the official perpetrators of fraudulent finance operations who have been cornered and are running for cover.

Even worse are the quite appalling proposals affecting the securities sector. The Working Group suggested, as mentioned above, that the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) should be merged – again, providing no rationale for such a radical shake-up. The actual purpose here would be to end the settlement reached by the Securities Acts of 1933 and 1934, which provided for the securities sector to be governed by the strict application of precisely defined rules – the settlement that ended the chaos arising out of the undisciplined free-for-all allowed in the 1920s, when bucket-shops ripped American investors off and investors enjoyed no protection from sharks other than that provided by the ‘Blue Sky’ above – in favour of standardising the so-called ‘principles-based’ approach employed by the ineffective Commodities Futures Trading Commission. Neither the SEC nor the CFTC have, in recent years, fulfilled their regulatory responsibilities, due to internal corruption; but scrapping the rules-based approach in favour of the CFTC’s permissive ‘principles-based’ approach would guarantee and perpetuate financial corruption perhaps for generations to come.

An indication of the deceptive nature of this recommendation can be gauged by the mealy-mouthed language employed to present this sorcery for public consumption. Specifically, the Working Group postulated that the Securities and Exchange Commission should seek to ‘preserve’ the CFTC’s principles-based approach, presupposing of course that the SEC should DROP its rules-based approach: but in order to mask this deception, THIS CENTRAL RUSE WAS LEFT UNSTATED.

‘Preserving’ the principles-based approach used by the ineffective CFTC would, self-evidently, be inconsistent with ‘preserving’ any rules-based approach – which is the point of this proposition.

What the Treasury is seeking to achieve here is to pass off a fraudulent reform as a key element of an improved regulatory system, when what would be perpetrated would be the de facto elimination of the existing framework which, if properly applied, would protect investors from fraud and make it impossible for fraudulent finance operations such as those that have been exposed, to exist, let alone to flourish. In other words, this recommendation represents a typically diversionary fraud by the ‘Paulson’ Treasury, consistent with the reputation it has earned for itself as an institution of the Federal Government in which no trust can currently be placed, not least because, on the basis of its recent behaviour, it cannot be relied upon to honour its obligations.

(C) THE LONG-TERM PROPOSALS:

Not content with the chaos that would be created as a consequence of this wrecking operation to date, the Working Group, true to its false prospectus, capped this truly shambolic mish-mash with a series of half-baked long-term proposals, the net effect of which would be to leave everything up in the air, thereby maximising scope for a 1920s-type free-for-all – and ensuring that the investment environment of future years would be consistent with the underlying intention of this dog’s dinner of spurious proposals – namely to facilitate the perpetuation of fraudulent finance, following the shocks administered to the criminalist kleptocacy by recent developments.

By staging its fitful proposals over a prolonged and imprecise timeframe, the US Treasury has of course already compromised the prospects for global financial stability, since no-one now knows what is coming next. The fact that proposals have been put forward in such a vague, disjointed and dissonant manner has itself added to the febrile atmosphere of uncertainty, although the Treasury doubtless hopes that the deceptions encased within these proposals will have passed its targeted audiences by – an example being the attendees at the Chatham House event in London addressed by ‘Paulson’ at the beginning of July. These people will have been easily impressed by anything that the Secretary of the Treasury might have told them – the purpose of such presentations being to build an unthinking ‘consensus’ (in London, especially) for the treacherous ‘reforms’ that the corrupt ‘Paulson’ Treasury is putting forward.

The so-called long-term proposals (with no timeframe mentioned) would involve, to begin with, a revolution in the status of all US financial institutions. All lenders equipped with Federal deposit insurance would be granted a brand new charter certifying them as a Federally insured depository institution. All insurers offering retail products involving some degree of Federal guarantee, would be chartered as a Federal insurance institution, under the direct regulatory control (see above) of the Treasury. Finally, all other types of financial institution would receive a charter signifying their status as a Federal services provider. Note the crucial use of the adjective ‘Federal’ here: what is intended is the usurpation or duplication by the Federal Government (it is not yet clear which) of ALL the regulatory functions currently exercised by the State Governments. Whether usurpation or duplication is intended, this proposition must have gone down like a lead balloon in State capitals.

Under the first of this final batch of dubious proposals, a so-called Market Stability Regulator, namely the Federal Reserve itself, or else an entity that is subservient to it (unclear), would be established, which, however, would hardly undertake any regulating of the financial markets at all. Instead, it would ‘look out for’ threats to the stability of the US financial system, whether they might originate with mortgage lenders, banks, insurance companies, investment banks, hedge funds or any other category of institution. The only environment in which the so-called new Market Stability Regulator would intervene would be when it had formed the subjective judgment that corrective action needed to be taken to address current risks, or that it is necessary to constrain further risk-taking. This proposal appears to have nothing to recommend it at all.

Establishing further expensive bureaucracies without any teeth is a pernicious practice equivalent to a fudge, and the impression given here is that the Working Group needed somehow to convey the impression that the permissive environment that it was subversively recommending would be watched closely for aberrations, whereas the underlying and thoroughly dishonest intention and consequences of these proposals will be to maximise potential for market abuses across the board.

The next piece of gross mischief would entail the establishment of a so-called Prudential Financial Regulatory Agency, with a brief to regulate financial institutions which have explicit Government guarantees associated with their business operations. Hence this new agency would regulate all institutions equipped with Federal deposit insurance. This agency would also take over the roles of the current Federal prudential regulators (for no discernible reason), such as the Office of the Comptroller of the Currency and the Office of Thrift Supervision.

The agency should, the report argued, focus on the protection of consumers and ‘help’ to maintain confidence in the financial system (by unspecified means). The agency would operate on the basis currently applied to the regulation of the insured depository institutions – in which case, since this new agency would replicate existing practice, why do the existing regulatory arrangements need to be changed? – using the standard capital adequacy requirement techniques, imposing investment limits, circumscribing the scope of an institution’s activities, and directing on-site risk management supervision. The agency would be focused on institutions, rather than operating generically.

On top of all this, a separate new regulator was proposed, to focus on the powerful and wayward Government-Sponsored Enterprises (GSEs) which have been surreptitiously exploited to facilitate fraudulent finance operations, such as the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal Home Loan Bank System. As we discussed in our report dated 26th December 2007, corrupt mortgage lenders have been transferring the full risk and ownership of mortgages to these off-off-budget entities which were established by the Government but positioned immediately upon their foundation, into the private sector, so that they could be excluded from the scrutiny of the Federal Budget process.

The crisis surrounding Fannie Mae and Freddie Mac that blew up during the week ending 11th July 2008 – over seven months after we posted our report on the abuse of the foreclosure process on 26th December 2007 – illustrated the mischievous and destabilising nature of the Working Group’s proposals, because this dimension of the crisis ‘suddenly‘ ran out of control in July 2008, despite the fact that the President’s Working Group had intended to ‘deal with’ the Government-Sponsored Enterprises problem under its ‘long-term’ category, rather than as an immediate, burning issue of the greatest significance, as flagged by our report dated 26th December last year.

This miscalculation alone showed the Working Group to be extremely incompetent, in dereliction of its self-appointed duties, and quite incapable of handling the huge mess for which its own largely corrupt membership has been specifically responsible. Fancy treating the US GSEs as a long-term problem when several of the key GSEs have all along been at the very centre of the machinery of fraudulent finance that is in the process of being widely exposed, and which the Working Group was meant to be addressing! This was surely taking OBFUSCATION too far.

No rationalisation was presented for the proposal that a separate regulator should be established to ‘regulate’ these off-budget entities, other than the spurious one that implicit Federal backing is qualitatively differentiated from explicit Government backing. Presumably the woolly thinking here is that the legal status conferred by Federal Statute on the GSEs would be violated if the proposed Prudential Financial Regulatory Agency were to assume regulatory responsibility for the GSEs – which have hitherto, by the way, escaped all regulation and have thus provided fruitful ongoing scope for organised criminal and financial fraud operations.

The other agencies proposed by the Working Group simply would compound the confusion and the seemingly deliberate dispersion of responsibilities which this dog’s dinner of recommendations perpetrates. Specifically:

• A so-called Conduct of Business Regulatory Agency would cut across the ‘responsibilities’ of the mish-mash of other agencies, establishing the basis for endlessly unresolvable turf wars that lead nowhere. This bureaucracy would ‘observe’ disclosure information and business practices (with no indication of what it would do with these observations), and would also engage in the licensing of certain categories of business firms (so that its personnel would be tin gods).

It would supposedly absorb ‘many of’ the functions of the Securities and Exchange Commission, the Commodities Futures Trading Commission, the Federal Reserve System, of the State insurance regulators and even the Federal Trade Commission. The rationale of all this is left unclear.

However it would do so, according to the Working Group’s blueprint, after an undefined period of uncertainty and therefore turmoil – during which hiatus the usual pork-barrel lobbying operations would have been deployed at full throttle, with no-one knowing which way any of the cats would be liable to jump, and a state of officially contrived chaos having long since been generated.

By this stage, the divisions of regulatory responsibilities will have multiplied to such an extent that every agency would have burgeoning responsibilities overlapping with some or all of the others, so that nothing at all could ever be resolved – a remarkably classical Leninist formula for ensuring the definitive perpetuation of the collective will of a small clique at the centre. Lenin established two orders for his Party-State, under which all the institutions of the State were replicated by Party entities. This meant that a complainant making representations to the State structures would find that his case would be frustrated by the parallel Party structures, and vice versa. This is exactly the state of affairs, albeit a much more fragmented and complicated one, that the President’s Working Group has put forward. This blueprint would have the following overall consequences:

• It would complete the process of discrediting capitalism which the free-wheeling fraudulent finance operations perpetrated by the exposed criminalist operatives and institutions have successfully initiated to date; and:

• By ensuring the perpetual overlapping of responsibilities with their concomitant bureaucratic turf warfare, it would institutionalise and confirm absolute power and freedom of corrupt action for the central controlling élite, namely for a successor group of organised financial criminals who would build upon this new foundation of institutionalised US regulatory confusion, to create the conditions for the next global financial showdown, which would certainly be terminal.

Since, whether ideologues like it or not, the ultimate objective is the destruction of free enterprise and the abolition of all private property except for the privileged criminalised élite, that showdown would be terminal. It is not going to happen, but that is the long-range objective.

Two other expensive US agencies would, under the convoluted blueprint, be tacked on to the contrived ramshackle mess so far recommended. The proposed Federal Insurance Guarantee Corporation, which is to replace (for no apparent reason) the existing Federal Deposit Insurance Corporation (FDIC), would charge premiums to ‘guarantee’ bank deposits and insurance payouts.

No terms are defined here (as is the case throughout this false prospectus), so it is not clear why the FDIC cannot, if really necessary, have its existing statute amended so as to expand or modify its responsibilities in accordance with this proposal. What is wrong with the existing structure?
This unanswered question is applicable throughout.

Finally, the Working Group floated the batty idea of a Corporate Finance Regulator which would supersede the functions of the Securities and Exchange Commission (SEC), and would focus on corporate disclosures, corporate governance, accounting matters, and other issues. Presumably the idea here is that there should be a special agency which sticks its nose into the affairs of US corporations generally – a suggestion that may mask a cynical political objective to subject all US corporations to an officially sponsored espionage system which would be abused, if information gathered by this agency fell into the ‘wrong’ hands. If we assume, as we must, given recent past experience, that the underlying intentions here are malevolent and mischievous, the creation of such an agency would signal to anyone who is not sitting on his or her brains that an ever more socialist United States had essentially finished with capitalism altogether.

There is also an obvious sense that these convoluted ‘regulatory’ proposals have been brought forward in bad faith for yet another reason: their purpose includes the need to deflect criticism that ‘nothing is being done to stop this happening again’. Meanwhile, the socialist European Union has predictably responded with various trial balloons suggesting that the unprecedented display of financial scandal that has been partially exposed, can at long last be exploited as a rationale for the imposition of European-style socialist (Communist) regulation which, by its nature and intent, would smother risk-taking and close off innovation.

For example, Tony Robinson, chief spokesman for the Socialist Group in the Soviet-style European Parliament, said on 3rd July 2008, quite correctly, that the capitalist system had disgraced itself and must now face much stricter regulation. Since we must agree that the capitalist system has indeed disgraced itself as a consequence of the hijacking of the American official structures by organised criminal cadres, it is hard to argue against what Mr Robinson had to say:

‘There is a groundswell of opinion building up for action at a European level. Our group wants a ban on all investment funds speculating on food. We support a proper functioning market, but what we have seen in this crisis is a most distasteful morality where decisions are driven by greed. Hedge funds have used debt to take over companies and strip out their assets. This must stop’.

Leaving aside the ideological hang-ups and ignorance of the market system embedded in these comments, it is a fact that although proposals for a pan-European regulator have not yet been crystallised into a draft EU Directive, the European Parliament has been ‘debating’ three separate proposals to crack down on private equity, hedge funds, and banking sector bonuses.

(Actually, no debate ever takes place inside the European Parliament: rather, the Members (MEPs) address the podium just as they do in the covert Soviet system. Indeed, the European Parliament chamber precisely replicates the Soviet model. In order to complete the transformation, all that would be necessary would be to replace the esoteric European flag above the podium with the familiar bust of Lenin and a nice red star plus a hammer and sickle, and we would all be back to square one. The Editor witnessed this reality in Brussels with his own eyes several weeks ago).

Should such an outcome materialise over time, as intended, the process would have been given decisive added momentum by the pillaging and fraudulent finance that have been exposed since June 2006. This would be a supposedly ‘unintended consequence’ of the organised criminality.

RESULT: EXTREME LACK OF REGULATION ENFORCEMENT
That the proposals put forward by the President’s Working Group are damaging and would have grim consequences has been well attested by people who know what they are talking about.

For instance no less than THREE former Chairmen of the Securities and Exchange Commission, David Ruder, Arthur Levitt and William Donaldson, have condemned these proposals outright, although the language they have used to date has been inappropriately circumspect.

Their general view is that a Treasury initiative to adopt the ‘principles-based’ regulatory approach applied by the Commodity Futures Trading Commission would be ‘a mistake’ (16) . David Ruder, an SEC Chairman under President Reagan, has commented that:

‘It’s not at all useful for the Securities and Exchange Commission to function on the basis of ‘a prudential-based attitude’ in which regulators solve problems by discussing them informally with market participants and asking them to change… we have an enforcement approach’ (17).

For his part, the former SEC Chairman, Arthur Levitt, a Bloomberg Board Member, has commented:

‘That proposal does more violence to protecting America’s investors from the standpoint of transparency as anything in the Paulson proposal’ (18) – referring specifically to substitution of a ‘principles-based’ approach for the tried and tested (until wantonly unenforced) rules-based approach which the existing securities market legislation requires of the SEC.

As matters stand the SEC is, however, considering the easing of its rules to allow foreign stock exchanges and brokerages to sell securities direct to US investors, under supposed surveillance by overseas regulators (such as the British Financial Services Agency) ‘who have rules that are similar to those in the United States’ (19).

In other words, even as we speak, the Securities and Exchange Commission is thinking of watering down its currently poorly enforced rules-based system to allow various foreign stock exchanges and brokerages to deal directly with US investors, rather than going through US intermediaries – so that there would be no control over the volume of dodgy financial ‘products’ that could soon be sold back into the United States, given that non-institution US investors would not necessarily be subjected to any surveillance at all. This might very well be hazardous in the future.

As for the immense problems surrounding derivatives – leveraged, securitised, hypothecated products yielding accruals that are not denominated in real US dollars, but rather exclusively as digitised entries generated electronically in just nanoseconds on bank statements – the Working Group’s proposals sidestepped them altogether: a sure indication that the real purpose of these proposals has never been to ‘solve’ any of the intractable problems created by the invasion of the capitalised system by organised crime, but rather that their purpose is precisely to obfuscate what has been happening so as to draw a veil over the criminal activities that have led to this crisis.

The irresponsible securitisation of ‘sub-prime’ loans and the hoodlum practice of mixing them up with fraudulent paper backed by no assets at all, were not even addressed.

THE ‘PROGRAMS’, OMEGA PONZI SCAMS, ETC.
Exotic investment schemes marketed by scamsters promising sky-high returns into which many Americans entered and ploughed their savings a number of years ago, and which have not paid out, may have purported to be exempt from registration under the Securities Acts of 1933 et seq. [see Glossary below] and in terms of State securities registration requirements.

Such unregistered schemes, unless narrowly they are exempt from registration in conformity with relevant stringent statutory restrictions (such as being confined, for instance, to no more than 35 subscribers nationwide), are all illegal and violate the National Association of Securities Dealers (NASD) and SEC regulations, and were/are also further illegal as they may not have been registered with the relevant State Securities Commission.

When considering such participations, such US investors, in conformity with the Prudent Man Rule under the 1933 Act [see Glossary] should, in performing their Due Diligence, have been in receipt, and should have reviewed, the necessary registration and prospectus documents meeting the requirements of the NASD, the SEC and State Regulators.

In cases where the issuer was a bank, the participants have undoubtedly been victimised. In all other instances, they will have acted on the basis of fraudulent documents which made them co-conspirators. The issuers were and remain engaged in Ponzi schemes, as we have several times reported [see Glossary and Appendix] and are all co-conspirators and open to prosecution under R.I.C.O. and other relevant US legislation, including multiple anti-money-laundering legislation.

Furthermore, it is likely that some American participants will have signed Non-Disclosure forms or agreements, a fatal error which will have meant that they can have no recourse to US authorities for relief from being scammed, not least because in having participated in any of these schemes and signing such forms, they became co-conspirators themselves, as indicated.

They cannot therefore seek protection from the relevant regulators, and neither can they disclose their participations, especially where money-laundering will likely have been intended, since this presupposes tax evasion: and under the Tax Equity and Fiscal Responsibility Act (TEFRA) of 1982, US taxpayers are required to report all sources of income, wherever it was earned anywhere in the world. It follows that all receipts by US taxpayers since the passage of this Act which have not been reported to the Internal Revenue Service are taxable, which means that all US taxpayer holdings in offshore accounts that are not declared for tax are vulnerable to payment of the tax and penalties. Imprisonment is also dished out to tax evaders in the United States with abandon.

But the participants in these programs have received nothing and have so far forfeited 100% of their investments. Having signed Non-Disclosure documents purporting to protect the program organisers or distributors from the consequences in the United States of their criminality, and the participants from the consequences inter alia of prospective tax evasion and of co-conspiring in a felonious transaction, some participants have been left dangling and are at the mercy of ruthless MK-ULTRA-style perception manipulators who have been managing their expectations for years.

Under the regular securities laws of the United States, investors and participants have to show source of funds. How can they take receipt of the proceeds of these ‘program’ and Omega-type Ponzi schemes without exposing themselves to US authorities, in many cases with prospectively grievous consequences?

These participants need to ask themselves: are the websites that may have been managing their expectations for years disclosing both sides of the equation, or have they simply been expressing justified anger and frustration at the brazen evil of the high-level, well-connected perpetrators of these scamming programs, thus deceiving their intended readerships by failing to look at the other side of the issue, namely the possibility that the scamsters may have compromised the investors?

They also need to consider whether it is likely that the hitherto ‘protected’ perpetrators of these scams have, all along, also been relying upon their knowledge that their victims may be impotent because they may be engaged in prospective tax evasion, as a rationale for the integrity of the Greenspan-Bush Sr. ‘Never-Pay’ model. In this connection, it is axiomatic that crooks always seek to compromise their victims, thereby ensuring, for instance, that they cannot testify against them.

In the case of the Swiss banks that marketed such participations, their first priority is understood to have been to obtain the targeted investor’s signature on the coveted Non-Disclosure document. Then the participant was typically asked to prove his or her funds. Thirdly, the participant may have been requested to travel to Europe, or to courier funds to the bank’s European address, where their account would have been be opened. In cases where very large amounts were put up, the bank’s aircraft was actually dispatched to collect the participant and his funds..

Participants in these schemes may be caught, if any of these unfortunate conditions apply to their circumstances. Co-conspiracy is a function of motive. If the motive was to receive inordinately high yields and/or to evade taxes in breach of the Prudent Man Rule, TEFRA and/or Internal Revenue Service regulations, it is not at all clear on what basis expectations of repayment of principal with interest may be predicated. The fact that the perpetrators (‘principals’) of these scams are indeed despicable, ruthless snakes is no comfort for the participants because the perpetrators may have taken care to ensure that those whom they have scammed are co-conspirators as well as victims.

Even more disconcertingly, the professional perpetrators of these fraudulent finance operations were fully aware of what they were doing from the outset, and may have deliberately ensured, in these cases, that their participants became co-conspirators and would therefore become impotent to recover their funds, which the perpetrators always intended to steal.

Their evil intentions will have been based upon extensive experience of the psychological reality that victims of financial Ponzi and Pyramid scams often collapse into a state of permanent denial, unable to move beyond the mental barrier that they have lost everything. This attitude is typically associated with embarrassment at the fact that the victim has been scammed, a state of mind akin to the humiliation of being mugged or the victim of common theft.

What has been achieved to date as a direct consequence of these exposures, though, is that life has been made extremely uncomfortable for the professional and official sector perpetrators of all categories of fraudulent finance, and will most certainly become more uncomfortable day by day – as official enforcement procedures, which grind slowly but surely, bring more and more decisive pressure to bear on these snakes. Despite everything that has had to be said above, this may still provide some minimal degree of comfort, no doubt, for the victimised participants; but it may not alleviate their problems or their suffering.

What we can say with confidence is that the prevailing sense of pessimism in the United States is misplaced. Perceptions are often slow to catch up with reality. We are being bombarded with data which has almost no bearing on the current environment, which can be summed up as follows: the crooks are on the run, are being hounded day and night, have nowhere to turn, did not anticipate what was about to hit them, and have been caught completely unprepared for the onslaught.

S.E.C. ‘CORRUPTLY ENGAGED IN OWN ACCOUNT TRADING’
And here is another exposure: the Securities and Exchange Commission – still the chief securities market regulator, no less – is itself apparently corrupt. For instance, it has failed to enforce its own regulations, and has only (it appears) been galvanised into action very recently, in response to the cacophony generated inter alia by our reports. No-one has been impressed by Mr Cox’s statements recently, because the failure of the SEC to do its job properly has become widely known.

The SEC irresponsibly dismantled their own enforcement division, and to make matters very much worse, have been engaged in trading, or allowing insiders to trade, for their own account.

For what purpose? The likelihood must be that SEC personnel have been trading for their own personal enrichment, taking their cue from the Black House: the nefarious principle being that if the President of the United States and his most senior colleagues are content to exploit public office for self-enrichment purposes, then what is to stop lesser officials doing the same?

The fact that the Securities and Exchange Commission, which exists for the purpose of regulation only, has reportedly branched out into participating in exotic money-making programmes instead of concentrating on its job of regulating the securities sector, provides us with a further indication of the extreme decadence of the US financial system which can hardly hope to recover unless such grotesque abuses are eliminated.

COUNTER-PROPOSALS FOR CLEANING UP THE MESS
It is perfectly clear to anyone who is not sitting on their brains that the so-called ‘Paulson’ Treasury proposals, a.k.a. the mish-mash of half-baked notions served up by the President’s Working Group on Financial Markets, is not fit for purpose and should be relegated to the dustbin of history with immediate effect. It is further clear that these messy proposals have actually exacerbated the crisis by introducing new dimensions of uncertainty surrounding future US Government policies, thereby further undermining confidence in an environment so febrile that the entire edifice of fiat money cards has been teetering on the verge of collapse anyway.

Given the perverse effects of these proposals on financial market confidence, we can legitimately go further, and accuse the Working Group of irresponsible behaviour which is tantamount to the financial criminality which the proposals are intended to obfuscate.

To place consideration of the problems surrounding the Government-Sponsored Enterprises in the ‘long-term reform category’ when, within months of our report on the subject last December, this central dimension of the overall crisis blew up in the Working Group’s faces, surely provides all who ‘need to know’ with sufficient evidence of the Working Group’s incompetence, let alone its clearly mischievous intent, to warrant the Working Group being closed down forthwith – before it does any more damage, like the proverbial elephant in the china shop.

Michael C. Cottrell, M.S., the securities markets expert, has therefore prepared the following basic recommendations, which should be substituted for the cack-handed and extremely damaging false prospectus promulgated last March by the disreputable President’s Working Group on Financial Markets, fronted by this ‘Paulson’ fellow.

MR COTTRELL’S COUNTER-PROPOSALS ARE AS FOLLOWS:

(A) Comprehensive funding of the necessary enforcement structures, which must remain intact. The organisations most suited for this function remain the Securities and Exchange Commission and the Federal Trade Commission. Before summarising Mr Cottrell’s proposals, here are some examples of what has happened when these regulators fail to do their jobs properly, or at all:

(1) The Securities and Exchange Commission (SEC): This entity must enforce its regulations with vigour, in the context of the further reforms that Mr Cottrell recommends, below:

The Chairman of the Senate Banking Committee, Christopher Dodd, and Senator Jack Reed, have asked the Government Accountability Office (formerly the Government Accounting Office, GAO) to investigate why sanctions imposed by the SEC plunged by 51%, to $1.6 billion, in the regulator’s most recent fiscal year. According to the SEC’s Annual Reports, it opened 15% fewer probes during the same period, than in the preceding fiscal year (20).

For instance, the Securities and Exchange Commission failed to enforce its regulations in the case of American Business Financial Services, Inc. (ABFS), located in Philadelphia, PA, which operated from 1988 until it declared bankruptcy in January 2005.

This case is revealing in the context being considered here.

ABFS financed its operations by selling its notes to the general public, by means of newspaper advertisements and mass mailings, which promised high interest yields. The notes it sold carried no collateral and were not insured, so that they were worthless when ABFS declared bankruptcy (21). More than 22,000 individual investors lost a total of approximately $750 million. The bankruptcy trustee has filed suit against Bear Stearns & Co., J. P. MorganChase & Co., Morgan Stanley and Crédit Suisse, to recover monies lost when these investment banks allegedly allowed or enabled ABFS to overstate the value of assets on its books (22).

ABFS extended loans to borrowers burdened with poor credit, worth more than $6.0 billion in the aggregate, which were then packaged for marketing purposes, but which essentially represented securitised pools of sub-prime loans. ABFS also secured cash from individual investors by selling the investors uncollateralised notes via public offerings (23).

The investment banks converted the sub-prime loans and uncollateralised notes into ‘interest only strips’, or ‘residuals’ which represented ‘the right to receive future cash flows from securitised loans’ (24). ABFS assigned to these securities a value much higher than their actual worth because the falsification of these values made ABFS look more financially sound than was in fact the case.

Specifically, ABFS booked more than $500 million in ‘fictitious assets’ when the investment banks allowed ABFS to underestimate early repayments of the ‘sub-prime’ loans. ABFS assumed its had a 23% prepayment rate when, in reality, Crédit Suisse had questioned the percentage as being too low. In fact, repayment rates were running at between 30% and 35% of total such ‘assets’ (25) .

Wall Street investment banks finally stopped securitising AFBS sub-prime loans when one investment bank received a letter dated 15th May 2003, addressed to the Federal Bureau of Investigation (FBI) and the SEC asking: ‘Who is protecting these (AFBS) investors?’

Notwithstanding this state of affairs, the Securities and Exchange Commission did not launch an investigation into the behaviour of ABFS until 2004, when ABFS asked for SEC approval to enable it to make another public offering (26). In this, as in so many other instances, the US Securities and Exchange Commission simply failed to enforce its own regulations.

We have summarised these regulations in our reports since 2006, in case this fact had escaped the SEC’s notice. It hasn’t escaped the notice of the financial community generally, so we are entitled to ask why the Securities and Exchange Commission appears to have been an exception.

The SEC regulations of specific relevance to these issues that NEED TO BE ENFORCED include the following [see also the usual Annex at the end of this report].

These details have been published here for at least 18++ months, so as to emphasis the chronic necessity of substituting the Rule of Law for the Law of the Jungle:

• 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

(2) Federal Trade Commission: This Government structure has authority to investigate fraudulent transactions in all markets.

According to a plea bargain agreement announced on 8th April 2008, a former Board Member at the New York Mercantile Exchange pleaded guilty to two felony counts relating to illegal natural gas trading. Mr Steven Karvellas, aged 48, made trades and then waited to watch how they turned out before assigning the trades either to his own account or to his client’s account – an abuse referred to as ‘trading ahead of the customer’, which is a violation of the SEC’s Fair Dealing With Customer rules. Karvellas was a floor Exchange Board Member of the publicly traded Nymex Holdings, Inc., and indeed headed up its compliance review committee when the illegal trades took place (27).

Under the supervision of the Commodity Futures Trading Commission (CFTC), floor brokers such as Mr Karvellas can operate both as broker for customers and trade for own account operations. This practice is referred to as the ‘dual trader’ mode, with the floor broker under an obligation to act at all times in the customer’s best interest, a responsibility that entails an obligation upon the broker to seek the best possible prices for the customer 28 .

Ironically (perhaps not, since we are of course dealing with the familiar double-mindedness here), in a letter addressed in 2002 to Nymex Holdings members as part of his campaign for re-election to the Board, Mr Karvellas opined that ‘the shocking collapse of Enron indicates that our Exchange does wear a white hat in the financial world. We illustrate how markets should operate, honestly and with openness and transparency that gains the public’s trust’ (29).

In January 2008, a Grand Jury subpoenaed a five-year-old trading ticket related to this investigation and to Mr Steven Karvellas, who pleaded guilty to tampering with physical evidence by ordering a subordinate to destroy the subpoenaed trading ticket (30).

Nymex, which has been or is currently being acquired by the Chicago Mercantile Exchange (CME, Inc.), and other floor exchanges, have been financially hurt by the emergence of electronic trading, and have attempted to reduce costs and to speed up the ‘open-outcry’ process [see Glossary] (31).

But floor trading remains vulnerable to manipulation: for instance, in 2005, 15 traders at the New York Stock Exchange (NYSE) were indicted on charges of cheating investors. Although many of these traders actually won their criminal cases, the Exchange realised that it had to ‘do something’, and upgraded its surveillance systems at a cost of about $20 million (32).

These examples, which could be replicated here ad nauseam, illustrate the absolute necessity for a regulatory régime that is underpinned by enforcement, which must be implemented without fear or favour at all times – so that everyone participating in the financial markets is aware of the severe consequences of any breach of the rules and regulations.

Talk of operating on the basis of relatavist ‘principles’ is not only irresponsible and unprofessional: it encourages the misplaced belief among the easily swayed and the corrupt, that the ‘way forward’ need not include enforcement as conceived in the 1930s, so that everyone can feel comfortable and at ease – a recipe for the proliferation of fraudulent finance on an open-ended basis.

Moreover it is crystal clear that the dishonesty, hesitation and the sheer confusion surrounding the ‘Paulson’ proposals have severely exacerbated a fragile situation and the crisis of confidence which the criminal incompetents in charge of US financial affairs have never intended, on the basis of the massive evidence of their ongoing corruption, should be addressed in an orderly fashion, since their agenda has all along diverged from the public interest.

Almost as though it had suddenly woken up from a long slumber, the SEC was reported to have launched a probe on 13th July 2008 into the manipulation of stock prices through the spreading of false rumours, focusing on compliance controls which are supposed to be applied by traders and investment houses. This initiative appeared to mimic a similar attempt by the UK Financial Services Authority FSA) in London, to crack down on rumour-mongering and short-selling in the UK market following the plunge in the shares of HBOS (Halifax Bank of Scotland) last March.

The FSA was unsuccessful in its search, suggesting that the SEC’s response represents a belated cosmetic attempt to be seen to be ‘doing something’, since the SEC must certainly be aware of the FSA’s failed investigation. However nothing that the US regulator does now, with the benefit of any hindsight and with the fraudulent prospects implied by the Treasury’s proposals hanging over its head, can make up for its past failure to enforce its own regulations – as a consequence of which fraudulent securities operations/scams have assumed colossal and, as we have been observing, catastrophic proportions, in recent years.

The SEC’s failure and dereliction of duty is no reason for abandoning the enforcement approach in favour of a contrived, weak ‘principles-based’ approach. On the contrary, what remains essential is proper and rigorous enforcement of appropriate regulations.

(B) Mr Cottrell insists that the following structure and disciplines should be created and imposed:

Office of Inspector General for Financial Markets Compliance (OFMC):
A new regulatory entity with the function described by its title should be established by Statute, who would be required to report directly to the Chairman and ranking Member(s) of the following US Congressional Committees, who would be considered to be their superiors (Bosses):

• The US Senate Financial Services Committee.

• The US House of Representatives’ Financial Services Committee.

All management and field personnel employed by the Office of the Inspector General for Financial Markets would need to be fully trained and qualified compliance officers. Specifically:

• They must be field-tested and recognised as licensed compliance officers, and they must all be licensed under the following régimes:

(1) Financial Industry Regulatory Authority (created in July 2007 through consolidation of the NASD (National Association of Securities Dealers) and the NYSE (the New York Stock Exchange) member regulation régimes [see also: Glossary]) with respect to the following examinations:

• Series 24 [General Securities Principal];
• Series 27 [Financial and Operations Principal];
• Series 4 [Registered Options Principal];
• Series 51 [Municipal Fund Securities Principal]; and:
• Series 53 [Municipal Securities Principal].

(2) They must be licensed members of NYSE Member firms.

(3) They must be licensed as US Treasury compliance officers.

Nothing short of the deployment of management and field personnel qualified to these demanding industry standards will suffice. Because this is so, it is self-evident that the half-baked, confused and deliberately fragmentary proposals put forward by the President’s Working Group, which are intended to OBFUSCATE the situation and to lodge total power in the hands of the Presidency by default, with no checks and balances at all, represent a fraudulent prospectus, which should be consigned to oblivion forthwith. NO FURTHER CONSIDERATION SHOULD BE GIVEN TO THEM.

(C ) Michael Cottrell further demands (recommends is much too weak a word here) that The Glass-Steagall Act of 1933 must be re-enacted in order to re-establish once and for all the very stringent regulatory requirements enshrined in the 1933 and 1934 Securities Acts.

In the same context, and in parallel, the divisive Gramm-Leach-Bliley Act – written by lobbyists for the banking sector – must be repealed.

(D) Regulation of Credit and Debt Derivatives:
An essential further reform will be the development of overdue new securities regulations specifically focused on the creation, use and risk limitation of structured instrument vehicles (credit and debt derivatives). These new regulations would be enforced by the Securities and Exchange Commission (and the Federal Trade Commission, as appropriate), and of course subject to compliance oversight by the trained personnel of the newly established Office of the Inspector General for Financial Markets Compliance [see above].

(E) Finally, the revitalised regulatory regime for all US financial markets will be seen to be entirely rules-based, with all ‘legacy’ ‘principles-based’ thinking and language expunged from the system, which must be backed up by rigorous enforcement applied impartially and across the board.

SEC, FTA AND OFMC management and field personnel would be well remunerated, but at the same time subject to specified and appropriately severe sanctions in cases of official corruption within these structures. One reason why the regulations have not been properly enforced, or applied at all, in recent years is that the existing agencies, and/or certain personnel within them, have been corrupted. Fish rot from the head.

CONCLUSION
This far simpler regulatory régime requires a minimum of new legislation, building upon existing regulatory structures and experience, with the introduction of precisely ONE new US agency (the OFMC), compared with SEVEN new burdensome, confusing, bureaucratic, intentionally overlapping, obfuscatory agencies as proposed by the Working Group on Financial Markets (33).

Therefore, these straightforward reforms, instead of being spurious and deliberately opaque and spread out over an indeterminate timeframe, exacerbated by the carrying out of vague ‘studies’ as specified in the ‘Paulson’ proposals, could be implemented within a very limited timeframe at an early stage of the next Presidency. Establishing ONE new agency instead of SEVEN should, of itself, provide a powerful incentive for adopting Mr Cottrell’s straightforward proposals and for rejecting the hugely expensive and mischievous dog’s dinner put forward by the Working Group.

Such an initiative would do more to restore confidence in the battered US financial markets than innumerable further confused announcements by the ‘Paulson’ Treasury and other intermeddlers, and would place the incoming Administration on a sound financial market footing, without which everything it touches will disintegrate as has happened under the criminalised Bush II Presidency.

In short, these are straightforward, practical reforms which can be legislated for and implemented quickly. They can also be publicised with advantage ahead of their implementation, so that the US and world financial markets are made appropriately aware of the smack of firm, sound and decisive governance, with all that this approach will imply for the restoration of confidence in the battered financial markets in the United States and worldwide. (34).

Notes and References:

1. Howard Abadinsky, ‘Organized Crime’, 6th Edition, Belmont,
Wadsworth Thompson learning, 2000, pages 49-58

2. Gary Giroux, Ph. D., ‘A Short History of Accounting and Business’, available at: http://acct.tamu.edu/giroux/financial.html (Internet), page 1.

3. Giroux, op. cit., page 1.

4. Giroux, op. cit., page 2.

5. Michael C. Cottrell, M.S., ‘Elite Power & Capital Markets’ thesis submitted in partial fulfillment of the requirements for Master of Science, Mercyhurst College, 2001, page 33.

6. Cottrell, op. cit., page 33.

7. Cottrell, op. cit., page 33.

8. John H Hollands, Acting Director, Investment Company Division, Securities and Exchange Commission (SEC), ‘Government Regulation of The Distribution of Investment Company Shares’, dated 8th October 1941, page 2.

9. Hollands, op. cit., page 2.

10. Hollands, op. cit., page 2.

11. Hollands, op. cit., page 2.

12. Hollands, op. cit., page 2.

13. Hollands, op. cit., page 2.

14. ‘Treasury’s Summary of Regulatory Proposal’, The New York Times Company, 29th March 2008, available at: http://www.nytimes.com (Internet).

15. Kara Scannell and Michael R Crittenden, ‘Treasury’s Blueprint: the View from Washington’,
The Wall Street Journal, 31st March 2008, Section A, page 15.

16. Jesse Westbrook, ‘SEC Overhaul Bid by Bush Condemned by SEC Chairman (Update 1)’, New York, Bloomberg, L.P., 8th April 2008, available at: http://www.bloomberg.com (Internet), page 1.

17. Westbrook, op. cit.,, page 1.

18. Westbrook, op. cit., page 2.

19. Westbrook, op. cit., page 2.

20. Westbrook, op. cit., page 1.

21. Steve Strecklow, ‘Subprime Lender’s Failure Sparks Lawsuit Against Wall Street Banks’,
The Wall Street Journal, 9th April 2008, Section A, page 1.

22. Strecklow, op. cit., page A1.

23. Strecklow, op. cit., page A14.

24. Strecklow, op. cit., page A14.

25. Strecklow, op. cit., page A14.

26. Strecklow, op. cit., page A14.

27. Aaron Lucchetti and Gregory Meyer, ‘Dual Traders Under Fire’, The Wall Street Journal,
9th April 2008, Section C, page 1.

28. Lucchetti and Meyer, op. cit., page C18.

29. Lucchetti and Meyer, op. cit., page C1.

30. Lucchetti and Meyer, op. cit., page C18.

31. Lucchetti and Meyer, op. cit., page C18.

32. Lucchetti and Meyer, op. cit., page C18.

33. The seven new agencies recommended by the President’s Working Group on Financial Markets, which of course obfuscate the regulatory environment out to infinity, with intent, are: Mortgage Origination Commission; Market Stability Regulator; Prudential Financial Regulatory Agency; Government-Sponsored Enterprises Regulator; Conduct of Business Regulatory Agency; Federal Insurance Guarantee Corporation; and: Corporate Finance Regulator.

34. The one dimension of Mr Cottrell’s practical reforms that will require an appropriate lead-time concerns the recruitment of the necessary trained and licensed management and field compliance personnel for the new Office of the Inspector General for Financial Markets Compliance (OFMC).

In addition to the need to remunerate such expert personnel sufficiently well not least in order to minimise the temptation to succumb to bribery (which has bedeviled enforcement of late), financial compensation must reflect the expertise of recruited staff and the exceptional importance of their responsibilities. At the same time, it will not be necessary to recruit a large compliance staff. A tight ship is recommended, given that a modest staff can be motivated to higher levels of achievement, especially since the recommended ethos would be one of sober determination to stamp out market abuses and corruption generally. Despite the ravages inflicted by the permissive financial market environment in recent years, it is believed that the pool of such qualified experts who are keen to enforce the Rule of Law in the United States remains of sizeable proportions.

GLOSSARY OF U.S. FINANCIAL MARKET DEFINITIONS

References only entries specifically germane to the market issues purportedly addressed by the President’s Working Group on Financial Markets, and relevant to Mr Cottrell’s alternative proposal:

• Annunzio-Wylie Anti-Money Laundering Act of 1992:
This legislation enlarged the definition of ‘financial transaction’, and made money-transmitting, without reporting, a crime. Source: Howard Abadinsky, ‘Organized Crime’, 6th Edition, Belmont: Wadsworth/ Thompson Learning, Inc., 2000, page 411.

• Anti-Drug Abuse Act of 1988:
This law detailed undercover operations involving money-laundering. Source: John Madinger and Sydney A. Zalopany, ‘Money Laundering: A Guide for Criminal Investigators’, New York: CRC Press, LLC, 1999, page 43.

• Anti-Trust Laws:
US Federal legislation designed to prevent monopolies, cartelisation and restraint of trade. Landmark statutes include:
(1): Sherman Anti-Trust Act of 1890, which prohibited actions or contracts tending to create a monopoly and initiated an era of trust-busting;
(2): Clayton Anti-Trust Act of 1914, passed as an amendment to the Sherman Act, which dealt with local price discrimination, interlocking directorates, holding company activities and restraint of trade; and:
(3): Federal Trade Commission Act of 1914, which created the Federal Trade Commission (FTC), with the power to conduct investigations and the power to issue orders preventing unfair practices in interstate commerce. Source: John Downes and Jordan Elliot Goodman, ‘Dictionary of Finance and Investment Terms’, 7th Ed., Happauge: Barron’s Educational Series, 2006, s.v. ‘Antitrust Laws’.

•Bailout Bill:
See Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA).

• Bank Holding Company Act of 1956:
This act brought, for the first time, holding companies under the banking regulations, and provided that the holding company was subject to the same regulation and examinations as member banks. A Holding Company is a company that exercises control over another via voting shares. Organisation as a holding company allows a banking firm to engage in other non-deposit taking activities, such as discount brokerage operations, securities underwriting, and general public or industrial leasing.
Sources: Michael C. Cottrell, B.A., M.S., ‘Elite Power & Capital Markets’, thesis submitted in partial fulfillment of the requirements for the Degree of Master of Science, The Administration of Justice Department, Mercyhurst College, Erie, PA 13th February 2002; Munn, ‘Encyclopedia of Banking and Finance’, page 84; Fitch, Dictionary of Banking Terms, page 225. See: Financial Holding Company.

• Bank Holding Company Act Amendments of 1970:
This legislation expanded the Bank Holding Company Act of 1956 by legislating for a new Holding Company that controls only one bank, and limiting the permissible activities of these entities to those ‘closely related to banking’. The effect of these amendments was to permit one-bank holding companies, such as Bank of New York Company, Inc., to become conglomerates with subsidiaries in non-banking fields without regulation. Sources: Mr Michael C. Cottrell, B.A., M.S., ‘Elite Power & Capital Markets’, op. cit., thesis submitted in partial fulfillment of the requirements for the Degree of Master of Science, Administration of Justice Department, Mercyhurst College, Erie, PA, on 13th February 2002; Munn, ‘Encyclopedia of Banking and Finance’, page 87; Thomas A. Eder, Thompson Desktop Financial Directory, Volume 3, Skokie: Thompson Financial Publishing, Inc., 1993, page 252. See: Financial Holding Company.

• Banking Act of 1935:
This legislation implemented changes to the Federal Reserve Board, prohibiting any banker from serving on the Board of Directors, or being an officer or employee, of more than two institutions. Sources: Michael C. Cottrell, B.A., M.S., ‘Elite Power & Capital Markets’, thesis submitted in partial fulfillment of the requirements for the Degree of Master of Science, The Administration of Justice Department, Mercyhurst College, Erie, PA, 13th February 2002; Munn, ‘Encyclopedia of Banking and Finance’, page 89. See: Financial Holding Company.

• Bank Secrecy Act of 1970:
This legislation, the formal title of which is the Currency and Foreign Transactions Reporting Act of 1970, extended to the Secretary of the US Treasury great flexibility in respect of official definitions of ‘monetary instruments’, which could now all of a sudden include ‘coins and currency of a foreign country, travelers’ checks, bearer negotiable instruments, bearer investment securities, stock on which title is passed on delivery’. The ostensible intention of this law was to deter criminal activity in order to assist criminal investigations by requiring all financial institutions to report large cash transactions and the transportation of such instruments initially exceeding $5,000, (now, amounts that in excess of $10,000). Sources: Michael C. Cottrell, B.A., M.S., ‘Elite Power & Capital Markets’, thesis submitted in partial fulfillment of the requirements for the Degree of Master of Science, The Administration of Justice Department, Mercyhurst College, Erie, PA, 13th February 2002; See also Munn, ‘Encyclopedia of Banking and Finance’, p.109; John Madinger, Sydney A. Zalopany, ‘Money Laundering: A Guide for Criminal Investigators’, New York, CRC Press, LLC, 1999, page 43.

• Basel-II:
The Bank for International Settlements (BIS), located in Basel, Switzerland, has established and provides the Secretariat for the Basel Committee on Banking Supervision, which consists of senior representatives of bank supervisory authorities and central banks from Belgium, Canada, France, Germany, Italy, Japan, Luxembourg, Netherlands, Spain, Sweden, Switzerland, the United Kingdom and the United States. Basel-II is the comprehensive updated and agreed version of ‘International Convergence of Capital Management and Capital Standards’ revising the 1988, 1996 and 2005 texts to secure an international standard on revisions to supervisory regulations governing the capital adequacy of internationally active banks. Source. and for further information: Basel Committee on Banking Supervision, ‘International Convergence of Capital Measurement and Capital Standards’, Basel, Press & Communications, 2004, available at: http://www.bis.org (Internet).

• Bucket Shop:
An illegal brokerage firm which accepts orders from customers but does not execute them right away, as Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) regulations require. Bucket shop brokers confirm the price that the customer asked for, but in fact make the trade at a time considered to be advantageous to the broker, whose profit is the difference between the two prices. Sometimes bucket shops neglect to fill the customer’s order and just pocket the money. Main source: John Downes and Jordan Elliot Goodman, ‘Dictionary of Finance and Investment Terms’, 7th Edition, Happauge: Barron’s Educational Series, Inc., 2006, s.v. ‘Bucket Shop’.

• Clayton Anti-Trust Act of 1914:
This law was passed in order to increase competition in business, by restricting the corporate activity of acquiring other competing corporations or the practice of interlocking directorships. Sources: Michael C. Cottrell, B.A., M.S., ‘Elite Power & Capital Markets’, thesis submitted in partial fulfillment of the requirements for the Degree of Master of Science, The Administration of Justice Department, Mercyhurst College, Erie, PA, 13th February 2002; additionally: Jack C Plano and Milton Greenberg, ‘The American Political Dictionary’, 4th Edition, Hinsdale, The Dryden Press, 1976, page 328. See: Anti-Trust Laws.

• Clear:
(a): In banking: Collection of funds on which a cheque (check) is drawn, and payment of these funds to the holder of the check.
(b): In the securities sector: Comparison of the details of a transaction between brokers prior to settlement; final exchange of securities for cash on delivery. Source: John Downes and Jordan Elliot Goodman, ‘Dictionary of Finance and Investment Terms’, 7th Edition, Happauge: Barron’s Educational Series, Inc., 2006, s.v. ‘Clear’.

• Commodity Futures Trading Commission (CTFC):
An independent agency created by Congress in 1974 which is responsible for regulating the US commodity futures and options markets. The CFTC is responsible for ensuring the integrity of the commodity futures and options markets everywhere, and for protecting market participants against manipulation, abusive trade practices, and fraudulent operations. Primary source: John Downes and Jordan Elliot Goodman, ‘Dictionary of Finance and Investment Terms’, 7th Edition, Happauge: Barron’s Educational Series, Inc., 2006, s.v. ‘CFTC’.

• Commodity Futures Contract:
A Futures Contract that is tied to the price movements of a particular commodity. This arrangement enables contract buyers to purchase a specific amount of a listed commodity at a specified price on a particular date in the future. The price of the contract in question is determined using the ‘open outcry’ system on the floor of a US commodity exchange such as the Chicago Board of Trade or the Commodity Exchange in New York. Commodity Futures Contracts are typically based upon (a) meats (cattle and pork bellies); (b) grains (corn, oats, soybeans and wheat); (c) key metals (gold, silver and platinum); and energy products (heating oil, natural gas, and crude oil). Source: John Downes and Jordan Elliot Goodman, ‘Dictionary of Finance and Investment Terms’, 7th Edition, Happauge: Barron’s Educational Series, Inc., 2006, s.v. ‘Commodity Futures Contract’.

• Commercial Bank:
A State or National Bank owned by stockholders that accepts demand deposits, makes commercial and industrial loans, and performs other banking services for the public. The phrase Full Service Bank covers banks that, as is the case with many commercial banks, supply trust services, foreign exchange, trade financing and international banking services. Source: Thomas P. Fitch, ‘Dictionary of Banking Terms’, 3rd Ed., Happauge: Barron’s Educational Series, Inc., 1997, c.v. ‘Comm. Bank’.

• Compliance Department:
A department typically established by brokers and all US organised stock exchanges to oversee market activity and make sure that trading and other activities comply (in the United States) with Securities and Exchange Commission (SEC) and specific Exchange regulations. A company that does not adhere to the rules can be delisted. And a trader or brokerage firm that violates the rules can be barred from trading. Main source: John Downes and Jordan Elliot Goodman, ‘Dictionary of Finance and Investment Terms’, 7th Edition, Happauge: Barron’s Educational Series, Inc., 2006, s.v. ‘Compliance Department’.

• Compliance Examination:
Periodic bank examination by a Federal regulatory agency to ensure compliance with consumer protection regulations, such as the Community Reinvestment Act, the Equal Credit Opportunity Act and the Truth in Lending Act. Financial institutions are required by law to issue reports at regular intervals – for example, an annual statement of their mortgage lending in the lender’s market area. Compliance examinations are intended to uncover any hidden violations of consumer protection regulations so that remedial action can be taken. Source: Thomas P. Fitch, ‘Dictionary of Banking Terms’, 3rd Ed., Happauge: Barron’s Educational Series, Inc., 1997, c.v. ‘Compliance Examination’.

•Consumer Credit Protection Act of 1968: See: Truth in Lending Act.

• Criminalism: A new word invented by the Editor of this service, meaning the perpetration and exploitation of organised criminal operations in the interests of political strategy and/or one or more secret agendas; noun, ‘criminalist’, an operative or other cadre who engages in criminalist activities and assumes that he is protected and can therefore continue such activities beyond and above the reach of the Rule of Law. The Editor first used this word in the context of Soviet criminal operations, as exposed in Soviet Analyst, and has since extended it to cover the American variant.

• Currency and Foreign Transactions Reporting Act of 1970: See: Bank Secrecy Act.

• Debenture:
A certificate or bond acknowledging a debt on which fixed interest is being paid. Source: Oxford Senior Dictionary, Oxford University Press, 1984.

• Depository Institutional Deregulation and Monetary Control Act of 1980:
This law gave the Federal Reserve Board tighter control over monetary policy. It also required the Fed to assign examiners to examine foreign operations of State member banks, and prohibited the Fed from rejecting any application from a one-bank holding company on the basis of a stock loan, unless that applicant’s financial arrangements were deemed to be unsatisfactory. The applications were to be judged on a case-by-case basis. The Act further proclaimed that collateral was no longer required to support Federal Reserve notes held in the vaults of the Federal Reserve banks, and that the kinds of eligible collateral for Federal Reserve notes were expanded to include those of foreign governments and/or agency or any other ‘asset’ purchasable by Federal Reserve Banks. Sources: Michael C. Cottrell, B.A., M.S., ‘Elite Power & Capital Markets’, thesis submitted in partial fulfillment of the requirements for the Degree of Master of Science, The Administration of Justice Department, Mercyhurst College, Erie, PA, 13th February 2002; Munn, ‘Encyclopedia of Banking and Finance’, pages 252 and 253.

• Derivative Instrument (Derivative):
A contract the value of which is determined from publicly traded securities, interest rates, currency exchange rates, or market indices. Derivative Contracts are often ostensibly used for the purpose of ‘protecting’ assets against changes in value. Types of derivatives include the following:

(1): Over-the-counter derivative ‘products’, such as currency swaps and interest rate swaps, which are privately negotiated bilateral agreements, transacted OFF the organised US exchanges. In the currency markets, forward delivery contracts allow traders to lock in current prices when buying and selling baskets of currencies for future delivery.

(2): Derivative securities: Bond-like securities created when pools of loans and mortgages are packaged and sold to investors. In the hands of knowledgeable users, derivative contracts have many applications in the floating interest environment, such as managing currency and interest rate risk, or locking financing costs in by swapping floating rate debt for fixed-rate debt.

Derivatives gained public notoriety in the 1990s when a number of corporations and municipalities embarked upon the use of derivatives for speculative purposes (known as ‘taking a view on the market’), and suffered large losses when interest rates moved against them. Source: Thomas P. Fitch, ‘Dictionary of Banking Terms’, 3rd Edition, Happauge: Barron’s Educational Series, Inc., 1997, c.v. ‘Derivative’.

• Disclosure:
Release by listed companies of all information, both positive and negative, that might bear on an investment decision, as required by the Securities and Exchange Commission (SEC) and the stock exchanges. Source: Thomas P. Fitch, ‘Dictionary of Banking Terms’, 3rd Edition, Happauge: Barron’s Educational Series, Inc., 1997, c.v. ‘Compliance Examination’.

• Edge Act:
Passed in December 1919, the Edge Act, under the heading ‘Banking Corporations Authorized to Do Foreign Banking Business’, permitted the establishment of foreign banking corporations that aided in the financing of foreign trade. This allowed US banks to establish branches in foreign countries to accommodate American corporations engaged in foreign trade transactions. Sources: Michael C. Cottrell, B.A., M.S., ‘Elite Power & Capital Markets’, his thesis submitted in partial fulfillment of the requirements for the Degree of Master of Science (M.S.), The Administration of Justice Department, Mercyhurst College, 13th February 2002; Munn, ‘Encyclopedia of Banking and Finance’, page 289.

• Equal Credit Opportunity Act of 1974:
Monitored by the Federal Trade Commission (FTA), this legislation seeks to ensure that all US consumers are given an equal chance to obtain credit. The Act prohibits discrimination in the granting of credit on the basis of race, colour, religion, national origin, sex, marital status, age, receipt of income from any public assistance scheme, and good faith exercise of any rights under consumer protection legislation. The US Department of Justice may file a lawsuit under the Act where a pattern or practice of discrimination appears to exist. For further information, see: http://www.usdoj.gov/crt/housing/housing_ecoa.htm (Internet).

• Emergency Banking Relief Act:
Passed on 9th March 1933, this Act was triggered following the national liquidity crisis that followed the stock market crash of 29th October 1929 and the extended ‘bank holiday’ of the 4th-12th March 1933. The bank holiday closed all banks nation-wide for one week by order of President Franklin D Roosevelt, to control the wave of banking failures and to restore confidence in the United States’ battered banking system. This legislation permitted banks to issue new stock, with the new stock exempt from subjecting the holder to be liable for the bank’s previously issued stock. The Act also authorised the issuance of US Federal Reserve Bank notes that were redeemable in lawful money in the United States, as 100% obligations of the Federal Government. Sources: Michael C. Cottrell, B.A., M.S., ‘Elite Power & Capital Markets’, thesis submitted in partial fulfillment of the requirements for the Degree of Master of Science, Administration of Justice Department, at Mercyhurst College, Erie, PA, 13th February 2002; Moore, ‘The Federal Reserve System’, pages 81-82; Fitch, ‘Dictionary of Banking Terms’, pages 46 and 83.

• Enronisation: A new word coined by the Editor of this service, meaning ‘hollowing out’. Verb: ‘to enronise’; noun: ‘enronist’, a financial criminal who ‘hollows out’ a targeted entity. The essence of the destruction of Enron was that executives and directors formed private partnerships and stole or diverted financial assets or proceeds from the corporation into offshore bank accounts of the partnerships. These diverted monies were then systematically leveraged and hypothecated into high-yield investment and other programs which wound up being far more profitable than Enron itself. Such illegitimate financial arrangements proliferated, so that the original enterprise, Enron, was ‘hollowed out’, while the illicit partnerships prospered, with 100% of the proceeds being held undeclared and untaxed offshore. ‘Enronisation’ strategies are applied not only to companies, but also to whole countries (e.g., Ireland, Zimbabwe, Iceland, probably also Spain (forthcoming)).

• Federal Reserve Act of 1913:
The purpose of this legislation, according to the precise language of the Act, was ‘to provide for the establishment of US Federal Reserve Banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States and for other purposes’. The Act established two basic structures:
(1): A central body known as the Federal Reserve Board; and:
(2): Not more than 12 Reserve banks located throughout the country. The Federal Reserve Board is comprised of seven members appointed by the President of the United States and confirmed by the US Senate for 14-year terms. Sources: Mr Michael C. Cottrell, B.A., M.S., ‘Elite Power & Capital Markets’, his thesis submitted in partial fulfillment of the requirements for the Degree of Master of Science, Administration of Justice Department, Mercyhurst College, Erie, PA, on 13th February 2002 Carl H. Moore, The Federal Reserve System, Jefferson: McFarland & Company, Inc., 1990, page 7; Fitch, Dictionary of Banking Terms, page 46.

• Federal Trade Commission Act of 1914:
This legislation established the Federal Trade Commission as the ‘watchdog of competition’, and as a comprehensive regulatory authority empowered to protect the consumer against ‘unfair methods of competition’. Sources: Michael C. Cottrell, B.A., M.S., ‘Elite Power & Capital Markets’, the thesis submitted in partial fulfillment of the requirements for the Degree of Master of Science (M.S.), for The Administration of Justice Department, Mercyhurst College, Erie, PA, 13th February 2002; See also: Munn, ‘Encyclopedia of Banking and Finance’, page 383. See: Anti-Trust Laws.

• Financial Future:
A Futures Contract based upon (relating to) a financial instrument. Such contracts usually move under the influence of interest rates: as interest rates rise, contracts fall in value; as rates decline, contracts gain in value. Examples include: Treasury Bills, Treasury Notes, GNMA Pass-Throughs, foreign currencies, and Certificates of Deposit (CDs). Main source: John Downes and Jordan Elliot Goodman, ‘Dictionary of Finance and Investment Terms’, 7th Ed., Happauge: Barron’s Educational Series, Inc., 2006, s.v. ‘Financial Future’.

• Financial Guarantee:
A non-cancellable indemnity bond guaranteeing the timely payment of principal and interest due on securities by the maturity date. If the issuer defaults, the insurer will pay out a fixed sum of money to holders of the securities. Financial guarantees are further written by banks which are allowed to operate in the insurance business by the Garn-St Germain Act of 1982, which prohibited banks from entering the insurance business. Insurance companies selling bond insurance must be monoline underwriters, a status which precludes their direct ownership by property and casualty insurance corporations. Source: Thomas P. Fitch, ‘Dictionary of Banking Terms’, 3rd Edition, Happauge: Barron’s Educational Series, Inc., 1997, c.v. ‘Financial Guarantee’

• Financial Holding Company: The Bank Holding Company Act of 1956 prohibited any affiliations between banks and insurance companies (referred to as ‘firewall restrictions’). A Bank Holding Company qualifies as a Financial Holding Company if:
(1): Its banking subsidiaries are ‘well capitalised’ and ‘well managed’; and:
(2): It files with the Federal Reserve Board a certification to such effect and a declaration that it elects to become a Financial Holding Company.

Securities firms and insurance companies must undergo a two-stage process: first, they must qualify as Bank Holding companies under the 1956 Act; and secondly they must then qualify as Financial Holding Companies. Source: John Downes and Jordan Elliot Goodman, ‘Dictionary of Finance and Investment Terms’, 7th Edition, Happauge: Barron’s Educational Series, Inc., 2006, s.v. ‘Financial Holding Company’.

• Financial Industry Regulatory Authority (FINRA): FINRA was brought into existence in July 2007 through consolidation of the National Association of Securities Dealers (NASD) and NYSE Member Regulation. It is the largest US non-governmental regulator and covers all securities firms doing business in the United States. FINRA oversees nearly 5,000 brokerage firms, about 172,000 branch offices and more than 676,000 registered securities representatives. Source: Financial Regulatory Authority, corporate information ‘About FINRA’: copyright 2008 FINRA; this document is available from: http://www.finra.org (Internet).

• Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA):
Enacted on 9th August 1989, this legislation addressed the crisis affecting the Savings and Loan Associations (‘thrifts’) after the sector had been ‘enronised’ by the criminalist kleptocracy headed by George H. W. Bush Sr. Also known as the Bailout Bill, this legislation revamped the regulatory, insurance and financing structures, establishing the Office of Thrift Supervision. It created:

(1): The Resolution Trust Corporation (RTC) which, operating under the management of the Federal Deposit Insurance Corporation (FDIC), was charged with closing or merging institutions which had become insolvent and would be becoming insolvent in the future;

(2): The Resolution Funding Corporation (a.k.a. REFCORP), which was charged with borrowing from private capital markets to fund the RTC’s operations to manage the remaining assets and liabilities that had been taken over/assumed by the Federal Savings and Loan Insurance Corporation (FSLIC), a Government-Sponsored Enterprise (GSE), prior to 1989;

(3): The Savings Association Insurance Fund (SAIF), which was to replace the FSLIC as the insurer of ‘thrift’ deposits and would henceforth be administered by the FDIC separately from its bank deposit insurance programme, which then became the Bank Insurance Fund (BIF); and:

(4): The Federal Housing Finance Board (FHFB), which was charged with overseeing the Federal Home Loan Banks.

• The Resolution Trust Corporation was authorised to accept additional insolvent institutions up to June 1995, after which date responsibilities for the handling of newly failed institutions was shifted to SAIF. This typically convoluted mishmash of arrangements successfully (up to a point) masked and obfuscated the reality, which was that the Savings and Loans Associations (S & Ls) had been systematically scammed and ‘enronised’ by the organised kleptocracy, this being the model for the kleptocracy’s subsequent systematic attacks on the US financial bedrock.

• The overall strategy here was to allow the scandal to escalate to the point where Congressional action became mandatory, whereupon Congress was pressurised to establish institutions that the insiders could then exploit – in this case, to buy up vast portfolios of land and assets for cents on the US dollar, which were then used as collateral for borrowings that were in turn leveraged and hypothecated into high-yield trading programmes for the benefit of the corrupt insider community.

Source for technical information (not the commentary):
John Downes and Jordan Elliot Goodman, ‘Dictionary of Finance and Investment Terms’, 7th Edition, Happauge: Barron’s Educational Series, Inc., 2006, s.v. ‘Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIERRA)’.

• Financial Institutions Regulatory Act of 1978 prohibits management interlocks by banks operating in the same Metropolitan Statistical Area (MSA). However it exempts the smaller banks, and permits interlocks of up to 49% of a bank’s management officers. See also entry: Interlocking Directorates. Source: Thomas P. Fitch, ‘Dictionary of Banking Terms’, 3rd Edition, Happauge: Barron’s Educational Series, Inc., 1997, c.v. ‘Interlocking Directorates’.

• Financial Operations Officer, of a Securities firm: The financial Operations Officer of a securities firm is equally responsible with the Registered Principal [see Principal, of a Securities firm], for the firm’s financial reports to the SEC and the NASD, for the accurate record-keeping of the firm’s Net Capital Account, and for all trades and customer accounts and correspondence, advertising, and sale literature issued by the company. The Financial Operations Officer must also pass the Series 27 (Financial and Operations Principal) as well as the Series 7 (General Securities Representative) Examinations conducted by the NASD; and must further pass written procedures and oral interview prior to assuming this position with the firm. Source: Michael C. Cottrell, B.A., M.S., ‘Elite Power & Capital Markets’, the thesis he submitted in partial fulfillment of the requirements for the Degree of Master of Science, The Administration of Justice Department, Mercyhurst College, Erie, PA, on 13th February 2002; NASD, ‘National Association of Securities Dealers, Inc.: Manual’, April 1998, page 3171; NASD, ‘NASD Compliance Check List’.

• Financial Services Modernization Act (FSMA) of 1999, also known as the Gramm-Leach-Bliley Act: This Act repealed parts of the Glass-Steagall Act of 1933 and the Bank Holding Company Act of 1956. It permits commercial banks, merchant banks, securities firms and insurers to affiliate through the structure called the Financial Holding Company. Under the Act, Nationally (Federally) Chartered Banks are permitted to engage in most financial activities through Direct Subsidiaries. The FSMA permitted Financial Holding Companies to:
1: Lend;
2: Exchange;
3: Transfer;
4: Invest for others;
5: Safeguard money or securities (custodial services);
6: Engage in insurance activities, including insuring and acting as principal, agent, or broker for all types of insurance (including health), and providing financial advice (including the provision of financial advice to investment companies);
7: Issue or sell instruments representing interests in pools of assets that are permissible for a bank to hold indirectly;
8: Underwrite, deal in, or make a market in securities with no limitation as to revenue;
9: Engage in activities outside the United States;
10: Be seized of the following (text is verbatim here): ‘The Federal Reserve Board has determined to be usual in connection with the transaction of banking or other financial operations abroad’.
Source: John Downes and Jordan Elliot Goodman, ‘Dictionary of Finance and Investment Terms’, 7th Edition, Happauge: Barron’s Educational Series, Inc., 2006, s.v. under: ‘Financial Services Modernization Act’.

• FinCEN [Financial Crimes Enforcement Network] is a bureau of the US Treasury which collects and analyses information about financial transactions in order to combat money laundering, the financing of terrorism, and other financial crimes and fraudulent finance. In line with the double-mindedness which characterises the kakocracy, almost all the senior criminalist figures identified in our reports have themselves been engaged in financing terrorism on a colossal scale.

Created in 1990, FinCEN seeks to realise the potential of critical information-sharing among law enforcement agencies and its other partners in the regulatory and financial communities. While the Financial Crimes Enforcement Network’s task is to safeguard the US financial system from abuses associated with financial crime, including the financing of terrorism, money laundering and other illicit activities, it does nothing the curb the excesses of the criminalists holding high office, who assume that the privileges and power of their offices, together with their prolific use of the ‘Black Arts’ of bribery and blackmail, protect them from the consequences of their actions.

While, therefore, FinCEN’s publicity presupposes that it thinks it is doing a good job, the record inter alia of our reports suggests the reverse. FinCEN was established by order of the Treasury Secretary (Treasury Order Numbered 105-08) on 25th April 1990. In May 1994, its responsibilities were broadened to include regulatory responsibilities, and the US Treasury’s Office of Financial Enforcement (OFE) was merged with FinCEN in October 1994. On 26th September 2002, after the passage of Title III of the USA Patriot Act, Treasury Order Numbered 180-01 [1] made FinCEN an official bureau within the Department of the Treasury.

Under Section 314(a) of the USA Patriot Act of 2001, Federal law enforcement agencies, through FinCEN, are empowered to reach out to more than 45,000 points of contact at over 27,000 financial institutions to locate bank accounts and transactions by persons that may be involved in terrorist financing and/or money laundering. This cooperative partnership between the financial community and law enforcement allows disparate items of information to be identified, centralised, and rapidly evaluated. FinCEN has its headquarters in Vienna, VA. See: www.fincen.gov [Internet].

• Full Disclosure: Public information requirements established by the Securities Act of 1933, the Securities Act of 1934, and the major US stock exchanges. Source: John Downes and Jordan Elliot Goodman, see their ‘Dictionary of Finance and Investment Terms’, 7th Edition, Happauge: Barron’s Educational Series, Inc., 2006, s.v. ‘Full Disclosure’.

• Garn-St Germain Depository Institutions Act of 1982: This Federal law was enacted in 1982, and authorised banks and savings institutions to offer a new type of account, known as the Money Market Deposit Account, which is a transaction account with no interest rate ceiling, to compete more effectively with money market mutual funds. The legislation also gave the Savings and Loan Associations the authority to extend commercial loans; and it gave Federal regulatory agencies the authority to approve, for the first time, interstate acquisitions of failed institutions and also savings institutions. Thus, the Act effectively created the environment for the subsequent enronisation of the Savings and Loan Associations, providing inter alia that:

(1): Savings and Loan Associations were authorised to extend commercial, corporate, business or agricultural loans up to 10% of assets after 1st January 1984;

(2): The deposit interest differential, allowing Savings and Loans and Savings Banks to offer rates on interest-bearing deposit accounts that were 0.25 of 1% higher than commercial banks, was lifted, as of January 1984;

(3): The Act authorised a new capital assistance program, the Net Worth Certificate Program, under which the US Federal Savings and Loan Insurance Corporation and the Federal Deposit Insurance Corporation would be able to purchase novel capital instruments called Net Worth Certificates from savings institutions with net worth-to-assets ratios of under 3%, and would subsequently redeem the certificates as they regained financial health;

(4): The Act permitted Savings and Loan Associations to offer checking accounts (demand deposit accounts) to individuals and business checking accounts to customers who had other accounts;

(5): Savings and Loans were authorised to increase their consumer lending from 20% to 30% of assets, and to expand their dealer lending and floor-plan loan financing;

(6): The Act raised the ceiling on direct investments by savings institutions in nonresidential real estate from 20% to 40% of assets, and also allowed investment of 10% of assets in education loans for any educational purpose, and up to 100% of assets in state and municipal bonds;

(7): The Act pre-empted State restrictions on enforcement by lenders of due-on-sale clauses in most mortgages for a three-year period ending on 15th October 1985, and further authorised State chartered lenders to offer the same kind of alternative mortgage deals that nationally chartered financial institutions were allowed to offer (opening the door to what became the ‘sub-prime’ crisis;

(8): The Act authorised the Comptroller of the Currency to charter Bankers’ Banks, or depository institutions owned by other banks;

(9): It made State chartered industrial banks eligible for Federal deposit insurance; and:

(10): It raised the legal lending limit for National Banks from 10% to 15% of their capital and surplus.

Source: Thomas P. Fitch, ‘Dictionary of Banking Terms’, 3rd Edition, Happauge: Barron’s Educational Series, Inc., 1997, c.v. ‘Garn-St. Germain Depository Institutions Act’. See also: Financial Guarantee; Savings and Loan Deregulation.

• Glass-Steagall Act of 1933:
Legislation passed by Congress which:

(1): Authorised deposit insurance;

(2): Prohibited commercial banks from owning full-service brokerages (Securities Houses of Broker/Dealers);

(3): Prohibited banks from undertaking investment banking activities, for instance underwriting corporate securities or municipal revenue bonds;

(4): Was framed to insulate bank depositors from the risk involved when a bank deals in securities, in order to prevent banks from collapsing.

The Glass-Steagall Act was disabled by the Financial Services Modernization Act (a.k.a. the Gramm-Leach-Bliley Act, a.k.a. the Financial Services Modernisation Act). Source: John Downes and Jordan Elliot Goodman, ‘Dictionary of Finance and Investment Terms’, 7th Edition, Happauge: Barron’s Educational Series, Inc., 2006, s.v. ‘Glass-Steagall Act’.

• Gramm-Leach-Bliley Act of 1999:
See: Financial Services Modernization Act; Glass-Steagall Act of 1933.

• Guarantee: This entails the acceptance of responsibility for payment of a debt or for performance of some obligation if the person (entity) primarily liable fails to perform. The guarantor acquires a Contingent liability – namely, a potential liability that is not going to be recognised in accounts until the outcome becomes probable in the opinion of the company’s accountant. Source: John Downes and Jordan Elliot Goodman, ‘Dictionary of Finance and Investment Terms’, 7th Edition, Happauge: Barron’s Educational Series, Inc., 2006, s.v. ‘Guarantee’.

• Guaranteed Bond: A Bond that is characterised by the fact that the principal and interest are guaranteed by a firm other than the issuer. Both guaranteed stock and guaranteed bonds become, in effect, debenture (unsecured) bonds of the guarantor. Source: John Downes and Jordan Elliot Goodman, see: ‘Dictionary of Finance and Investment Terms’, 7th Edition, Happauge: Barron’s Educational Series, Inc., 2006, s.v. ‘Guaranteed Bond’.

• High-Yield Investment Program:
A sophisticated scam perpetrated in many instances by corrupt elements of US intelligence and associates, masterminded inter alia by the arch-criminalist George H. W. Bush Sr. and his corrupt co-conspirator, Dr Alan Greenspan, the former Chairman of the Federal Reserve Board. Due to overuse of this term by the corrupt operators, it has become more or less synonymous with the generic term ‘fraudulent finance’, and with Ponzi and Pyramid Schemes (known as ‘pyramid-selling schemes’ in Britain). Experts are divided as to whether most High-Yield Investment Programs are Ponzi schemes, or not. Our own investigations suggest that colossal sums of stolen and duplicated funds (as explained in the Wantagate reports) were also used in these schemes, with stolen money being employed as purported back-up for promised and actual initial payouts. However these were never intended to occur beyond the first and perhaps the second layers, as the fraudulent finance techniques were used to entice retail investors into parting permanently with their funds, often after signing illegal Non-Disclosure Agreements.

High-yield investment programs were/are able to collect large amounts of money for the criminalist operators because initial payoffs to first and second round participants (financed from the stolen money in the case of the giga-scams presided over inter alia by the aforementioned master crooks) gave the scams momentum by spreading news of the sizeable initial payments by word of mouth – a situation that prevails as long as new participants can be found and/or old participants are foolish enough to leave their money in the schemes in the hope of gaining high rolled-up interest on their initial investments. Participants are usually attracted by some form of an appeal to emotion or faith that the program will help them to achieve rapid financial freedom. High-Yield Investment Programs may also mirror pyramid-selling schemes by offering current investors incentive commissions, for instance, 9% of investment by the participant on top of promised accruals, to recruit new investors.

Notorious documented High-Yield Investment Programs include:
(1): OSGold, founded as an e-gold ‘imitation’ in 2001 by David Reed, It folded in 2002. According to a lawsuit filed in US District Court in 2005, operators of OSGold may have made off with $230 million.

(2): The second largest documented High-Yield Investment Program was PIPS (People In Profit System), or Pure Investors. Started by Bryan Marsden in 2004, this scheme spanned more than 20 countries. PIPS was investigated by Bank Negara Malaysia in 2005, resulting in Marsden and his wife being charged in a Malaysian Court with some 97 counts of money laundering more than 77 Malaysian ringgit, equivalent to $20 million [New Straits Times, 11th October 2006]. Yet even after these charges were brought, many of Marsden’s followers continued to support him and to believe that they would be seeing their money in future. A similar rationalisation and denial syndrome can be observed in many other High-Yield Investment Program contexts.

(3): Indicted operators or schemes under investigation:
12DailyPro Autosurf (United States: Securities and Exchange Commission); Ginsystem, Inc. (Singapore: Commercial Affairs Department of Singapore); IT4US (United States); PlexPlay (Norway: HegnarOnline, in Norwegian); Solidinvestment (United States).

The foregoing provides merely a preliminary outline of the background to these scams, concerning which a considerable literature now exists. Promoting or perpetuating Ponzi schemes is a criminal offence punishable by jail terms or fines in most countries. The fact that the High-Yield Investment Program monitoring websites publicise disclaimers to the effect that the sites ‘do not promote the programs advertised’ on their websites, does not absolve the operators from criminal liability.

A disturbing feature of this environment is that a large number of High-Yield Investment Program participants persist in participating in further schemes long after they have already lost money in schemes that have either folded, or in respect of which the operator has disappeared. The fact that most of the publicised schemes are openly labelled scams on the relevant Internet monitor boards, even though their operators are themselves criminally liable, suggests that many participants are well aware of the risks they are running, know that the schemes are fraudulent, but choose to put money in them anyway, like addicted gamblers.

Former officials and members of the US armed forces may have been taken in by indications that the operators were officially connected or even that the scams in which they have participated were legitimate because of such alleged connections, including intelligence backgrounds.

The perpetrators play on the understandable anger felt by those who have been scammed, even though they were originally enticed by the US perpetrators into becoming prospectively felonious participants themselves, a condition which leads psychologically to the state of denial that in turn supposedly provides the perpetrators with the protection that they require.

However the operators, sitting on their stolen funds, may well fear the ultimate outcome, should manipulation of the expectations of the scammed investors cease to remain perversely ‘credible’, or those manipulative counterintelligence Psy-Ops initiatives are closed down.

• Hypothecation:
Originally a pledge of property as collateral for indebtedness without transfer of possession to the party extending the loan. This arrangement is common in the case of mortgages. The borrower retains legal ownership of the property but provides the lender with a lien over the property until the debt is paid off. Rehypothecation occurs when a broker pledges hypothecated client-owned securities in a margin account to secure a bank loan.

The fraudulent finance buried inside the ‘sub-prime’ mortgage nexus of scandals was explained in our report dated 26th December 2007 [www.worldreports.org: Archive]. As described in that report, the ‘homeowner’ has been scammed, either he or she has been coerced into signing several top copies of the same document, enabling the lending bank to claim ownership even though the bank has sold the mortgage on the basis of another top copy, for instance, to one of the co-conspiring Government-Sponsored Enterprises; or because the bank has alienated its ownership of the loan to the GSE in question, or has packaged the mortgage with other loans, as well as with worthless securities underpinned by no real asset, and has sold such packages on to parties (usually abroad) which have not performed due diligence.

In our report of 26th December 2007, we advised ALL US ‘homeowners’ facing foreclosure to let the Court know that the underlying contract has been requested from the bank. In most instances, the bank will be unable to supply it, because it has sold on the mortgage to the GSE, having therefore already passed on the risk. People facing foreclosure who ask for the contract can usually expect to be pleasantly surprised at the outcome of their cases.

• Internal Revenue Service (IRS):
The IRS is part of the US Treasury Department, and was officially created by Act of Congress on 1st July 1962. The IRS is responsible for administering and enforcing the Internal Revenue Code (IRC), as established under US Congressional authority, passed in 1913, to levy taxes on the income of individuals and corporations.

In 1939, the IRC was codified from the separate Internal Revenue laws. The IRS Code was further overhauled in 1954, with substantive new provisions being added concerning depreciation, the double taxation of dividends, research and experimental expenditures, carryback on operating losses, tax on ‘unreasonable’ accumulations of surplus, preferred stock bail-outs, and collapsible corporations and partnerships.

Of the enormous changes to the IRC implemented since 1954, the most important for the context we are dealing with here was the Tax Equity and Fiscal Responsibility Act (TEFRA) of 1982 which, inter alia, required US taxpayers to report all sources of income, wherever it was earned anywhere in the world. It follows that all receipts received by American taxpayers since the passage of this Act which have not been reported to the Internal Revenue Service are taxable, which means that all US taxpayer holdings in offshore accounts that have not been declared for tax are liable for tax and penalties. Main source: Michael C. Cottrell, B.A., M.S., ‘Elite Power & Capital Markets’, thesis submitted in partial fulfillment of the requirements for the Degree of Master of Science, for The Administration of Justice Department, Mercyhurst College, Erie, PA, 13th February 2002; see also: Munn, ‘Encyclopedia of Banking and Finance’, page 589.

• Interlocking Directorates:
These reference commercial banks or savings institutions which have individuals on their Boards of Directors who further serve on the Board or Boards of one or more unaffiliated competitor(s) operating in the same marketplace. The US Financial Institutions Regulatory Act of 1978 prohibits management interlocks by banks operating in the same Metropolitan Statistical Area (MSA). But it exempts smaller banks, and also permits interlocks of up to 49% of a bank’s management officers. Source: Thomas P. Fitch, ‘Dictionary of Banking Terms’, 3rd Edition, Happauge: Barron’s Educational Series, Inc., 1997, c.v. ‘Interlocking Directorates’.

• International Banking Act of 1978:
This legislation essentially places American branches and agencies of foreign banks under the supervision of US bank regulators. The provisions included: authorising the Comptroller of the Currency to license and supervise a foreign bank; authorising Federal bank agencies to examine US offices of any foreign bank; subjecting any foreign bank branch or holding company to the Bank Holding Company Act, just like any US bank holding company; and imposing reserve requirements and Federal deposit insurance coverage for foreign banks to the same extent as the US member banks. Sources: Michael C. Cottrell, B.A., M.S., ‘Elite Power & Capital Markets’, thesis submitted in partial fulfillment of the requirements for the Degree of Master of Science, for The Administration of Justice Department, Mercyhurst College, Erie, PA, 13th February 2002; see: Munn, ‘Encyclopedia of Banking and Finance’, page 563.

• International Banking Act of 1987:
Created a Federal regulatory structure similar to the Federal Reserve to examine the assets and liabilities of foreign banks on-site, and to ensure similar licensing and regulation of non-banking activities of foreign banks. It also required the Federal Reserve to maintain the same competitive equity requirements for foreign banks as for US member banks. Sources: Michael C. Cottrell, B.A., M.S., ‘Elite Power & Capital Markets’, thesis submitted in partial fulfillment of the requirements for the Degree of Master of Science, Administration of Justice Department, Mercyhurst College, Erie, PA, 13th February 2002; Munn, ‘Encyclopedia of Banking and Finance’, page 563.

• Investment Banking:
The sale and distribution of a new offering of securities, carried out by a financial intermediary (an investment banker), who purchases securities from the issuer as principal, and assumes the risk of distributing securities to investors. Source: Thomas P. Fitch, ‘Dictionary of Banking Terms’, the 3rd Edition, Happauge: Barron’s Educational Series, Inc., 1997, c.v. ‘Investment Banking’.

• Investment Company Act of 1940:
This Act requires that all companies which offer securities or investment advice to the public must register with the Securities and Exchange Commission. For instance, any advisory corporation that offers investment advice (not straight reporting, but advice) must register with the SEC. For those who may be interested, this explains why this service does not offer advice and will not respond to the frequent requests for financial investment advice that we routinely receive. Sources: Michael C. Cottrell, B.A., M.S., ‘Elite Power & Capital Markets’, thesis submitted in partial fulfillment of the requirements for the Degree of Master of Science, for The Administration of Justice Department, Mercyhurst College, 13th February 2002; Munn, ‘Encyclopedia of Banking and Finance’, page 589.

• Kakocracy: Rule by the worst elements of society exclusively in their own interests and with cynical and permanent disregard for the interests of anyone else.

• Kleptocracy: The ascendancy of a rapacious, thieving class of co-conspiratorial bandits protected by public office that is bent on maximising the open-ended potential of their office and power for personal enrichment and for the furtherance of clandestine agendas divorced from the interests of the people and the constituencies they are supposed to serve. This term is used in these reports even though kleptomania is strictly defined in the Oxford Senior Dictionary as ‘an uncontrollable tendency to steal things, with no desire to use or profit by them’.

The definition is interesting, because it reveals an element of madness that is clearly inherent in the behaviour of the criminalist snakes identified in these reports. This madness can be observed in the rapacious behaviour, for instance, of the arch-criminalist DVD godfather, George Bush Sr., whose avarice for other people’s money notoriously knows no bounds, despite his age, indicating that he chooses to remain unaware of his own mortality: a characteristic of greed which can only be described as symptomatic of mental derangement.

• Leverage, Financial and Investment:

(1): Financial Leverage: Debt in relation to equity in a firm’s capital structure (such as long-term debt, preferred stock, and shareholders’ equity. Financial leverage is measured by the debt-to-equity ratio: the more long-term debt there is, the greater the financial leverage.

(2): Investment leverage: A means of enhancing return or value without increasing investment: for instance, by buying securities on margin with borrowed money. Extra leverage may be achievable if the leveraged security is convertible into common stock.

(3): Note: Option contracts provide leverage, with NO borrowings, offering the prospect of high return for little or no investment.

Source: John Downes and Jordan Elliot Goodman, ‘Dictionary of Finance and Investment Terms’, 7th Edition, Happauge: Barron’s Educational Series, Inc., 2006, s.v. ‘Leverage’.

• Maloney Act of 1938: An amendment to the Securities Act of 1933 which created the US National Association of Securities Dealers (NASD). The legislation promoted the organisation of member securities dealers as a Self-Regulating Organizations (SRO) under the supervision of the Securities and Exchange Commission (SEC) to institutionalise a code of ethics in the securities industry and its enforcement nationwide. NASD members are known as Broker/Dealers, since they represent both clients that buy and/or sell securities, and themselves, as a principal, when they are engaged in underwriting and/or selling a stock or bond issue directly to the public. The NASD is the only firm operating under the Maloney Act. See: NASD: National Association of Securities Dealers. Sources: Michael C. Cottrell, B.A., M.S., ‘Elite Power & Capital Markets’, thesis submitted in partial fulfillment of the requirements for the Degree of Master of Science, Administration of Justice Department, Mercyhurst College, Erie, PA, 13th February 2002; NASD, ‘National Association of Securities Dealers, Inc.: Manual, April 1998, page 3171.

• Margin Accounts: See Mark to [The] Market and: Margin Requirements

• Margin Requirements:
The minimum amount that a client must deposit in the form of cash or eligible securities in a Margin Account, as is spelled out under Regulation T of the Federal Reserve Board. Regulation T requires a minimum of $2,000 or 50% of the purchase price of eligible securities bought on margin or 50% of the proceeds of short sales. Also referred to as the Initial Margin. Primary source: John Downes and Jordan Elliot Goodman, ‘Dictionary of Finance and Investment Terms’, 7th Edition, Happauge: Barron’s Educational Series, Inc., 2006, s.v. ‘Margin Requirement’.

• Margin Security:
This is a security that may be bought or sold in a Margin Account. Regulation T of the Federal Reserve Board defines margin securities as:

(1): Any registered security (a listed security or a security having unlisted trading privileges);

(2): Any OTC margin stock or OTC margin bond, which are defined as any unlisted security that the Federal Reserve Board (FRB) periodically identifies as having the investor interest, marketability, disclosure and solid financial position of a listed security;

(3): Any OTC security designated as qualified for trading in the National Market System under a plan approved by the Securities and Exchange Commission;

(4): Any mutual fund or unit investment trust registered under the Investment company Act of 1940. Other securities that are not exempt securities must be transacted in cash. Source: John Downes and Jordan Elliot Goodman, ‘Dictionary of Finance and Investment Terms’, 7th Edition, Happauge: Barron’s Educational Series, Inc., 2006, s.v. ‘Margin Security’.

• Mark to [The] Market:
Adjustment of the valuation of a security or portfolio to reflect current (prevailing) market values. For instance, Margin Accounts are marked to market in order to ensure compliance with financial maintenance requirements. (In UK parlance, the definite article is dropped). Source: John Downes and Jordan Elliot Goodman, ‘Dictionary of Finance and Investment Terms’, 7th Edition, Happauge: Barron’s Educational Series, Inc., 2006, s.v. ‘Mark To The Market’.

• Money laundering:
Passing illegally acquired funds or taxable funds on which no tax has been paid inter alia with the intent to evade tax and to hide the funds from relevant national authorities. American legislation addressing money-laundering includes:

(1): The Bank Secrecy Act of 1970;
(2): The Money Laundering Control Act of 1986;
(3): The anti-Drug Abuse Act of 1988;
(4): The Annunzio-Wylie Money Laundering Act of 1992;
(5): The Money Laundering Suppression Act of 1944; and:
(6): The Terrorism Prevention Act of 1996.

The Money Laundering Control Act of 1986 made money laundering a Federal crime corresponding to the previously passed Organized Crime Control Act of 1970. See separate entries in Glossary.
Sources: Michael C. Cottrell, B.A., M.S., ‘Elite Power & Capital Markets’, thesis submitted in partial fulfillment of the requirements for the Degree of Master of Science, The Administration of Justice Department, Mercyhurst College, Erie, PA, 13th February 2002; Munn, Encyclopedia of Banking & Finance, page 109; also: John Madinger and Sydney A. Zalopany, ‘Money Laundering: A Guide for Criminal Investigators’, New York, CEC Press, LLC, 1999, page 43; Howard Abadinsky, ‘Organized Crime’, 6th Edition, Belmont: Wadsworth/Thompson Learning, Inc., 2000, page 411; FINCEN, ‘The Global Fight Against Money Laundering’, Financial Crimes Enforcement Network (FINCEN, 1999, available from: http:// www.occ.treas.gov/launder (Internet).

• Money Laundering Control Act of 1986:
This legislation made money laundering a Federal crime corresponding to the previously passed Organized Crime Control Act of 1970. See: Money laundering.

• Money Laundering Suppression Act of 1994: Legislation which required that ‘any person who owns or controls a money services business’ must register with the Secretary of the Treasury. Source: FINCEN, ‘The Global Fight Against Money Laundering’, Financial Crimes Enforcement Network (FINCEN, 1999, available from: http:// www.occ.treas.gov/launder (Internet).

• Municipal Securities Rulemaking Board (MRSB): See Self-Regulatory Organization (SRO), below.

• NASD: National Association of Securities Dealers:
A non-profit organisation that was formed under the joint sponsorship of the Investment Bankers’ Conference and the US Securities and Exchange Commission (SEC) in order to comply with the requirements of the Maloney Act. NASD Members include virtually all investment banking houses and firms dealing in the Over-the-Counter Market.

Operating under the supervision of the SEC, the basic purposes of the NASD are to:
(1): Standardise practices in the field;
(2): Establish high moral and ethical standards in the securities trading business;
(3): Provide a representative body to consult with the Government and investors on matters of common interest;
(4): Establish and enforce fair and equitable rules of securities trading;
(5): Establish a disciplinary body capable of enforcing the above provisions.

The NASD requires members to maintain ‘quick assets’ in excess of current liabilities at all times.

Within the NASD, a special Investment Companies Department concerns itself with the problems of investment companies and has the responsibility of reviewing companies’ sales literature in that segment of the securities industry.

Michael C. Cottrell, M.S., has described the NASD’s contemporary responsibilities as including the following (to be read in conjunction of the foregoing information):

(1): Nationwide inspections of member firms;
(2): Provision of centralised computerised surveillance of the trading of NASD Automated Quotations, of its sister company NASDAQ;
(3): Enforcement of Securities and Exchange Commission rules and regulations, as well as of its own rules for members;
(4): To review underwriting arrangements for securities offered to the public;
(5): To perform and monitor qualification examinations of personnel of members; and:
(6): To coordinate and cooperate with the SEC, the States and with other Federal agencies.

The responsibilities of the SEC do NOT include trading on own account [see text], a gross abuse of which it has been and continues to be accused. This abuse is inconsistent with its responsibilities as a regulator and is considered by experts to be a scandalous development. See also: Financial Industry Regulator Authority (FINRA). Sources: John Downes and Jordan Elliot Goodman, ‘Dictionary of Finance and Investment Terms’, 7th Edition, Happauge: Barron’s Educational Series, Inc., 2006, s.v. ‘NASD’; Michael C. Cottrell, B.A., M.S., ‘Elite Power & Capital Markets’, thesis submitted in partial fulfillment of the requirements for the Degree of Master of Science, The Administration of Justice Department, Mercyhurst College, Erie, PA, 13th February 2002; Munn, ‘Encyclopedia of Banking & Finance’, page 696.

• National Market System: See: Securities and Exchange Commission (SEC).

• Non-Disclosure agreement:
An illegal document which, if signed by a participant to a transaction, precludes any recourse to official regulators for protection after the participant has predictably been scammed, and likewise precludes any legal recourse.

• Office of the Comptroller of the Currency (OCC):
This is the chief regulator of US National Banks. The Comptroller of the Currency is appointed by the President of the United States for a five-year term, with Senate confirmation. The OCC, the supervisory agency covering nationally chartered banks, is the oldest US Federal regulator of financial institutions. The Comptroller of the Currency also serves as one of the three Directors of the Federal Deposit Insurance Corporation. Source: Thomas P. Fitch, ‘Dictionary of Banking Terms’, 3rd Ed., Happauge: Barron’s Educational Series, 1997, c.v. ‘Comptroller of the Currency’.

• Office of Thrift Supervision (OTS):
This US Federal agency was established under the Financial Institutions Reform, recovery and Enforcement Act of 1989 to examine and supervise Savings and Loan Associations (‘thrifts’) and Federal Savings Banks. It replaced the Federal Home Loan Bank Board as the primary regulator of State chartered and Federally chartered savings institutions. It is a bureau within the US Treasury Department. The Director and Chief Operating Officer (CEO) of OTS is appointed by the President of the United States with Senate confirmation, and is also one of five directors of the Federal Deposit Insurance Corporation (FDIC). The fact that the OTS is structured within the US Department of the Treasury parallels the position with the Office of the Comptroller of the Currency. Source: Thomas P. Fitch, ‘Dictionary of Banking Terms’, 3rd Edition, Happauge: Barron’s Educational Series, Inc., 1997, c.v. ‘Office of Thrift Supervision’.

• ‘Open outcry’:
A non-electronic method of communication between professionals on a stock or futures exchange involving shouting and the use of hand signals to transfer information primarily about buy and sell orders. The component of the trading floor where this takes place is often called the pit. The best-known ‘open outcry’ markets in the United States remain the New York Mercantile Exchange, the Chicago Mercantile Exchange, the Chicago Board of Trade, the Chicago Board Options Exchange, and the Minneapolis Grain Exchange. In the United Kingdom, the London Metal Exchange (LME) still makes use of the ‘open outcry’ method. Many traders prefer the ‘open outcry’ system on the basis that physical contact in the pit allows traders to speculate as to the motives or intentions of buyer/seller, so that positions can be adjusted accordingly.

• Organized Crime Control Act of 1970:
See Money Laundering Control Act of 1986; and Money laundering.

• Over-the-Counter:
(1): Of a security: A security that is not listed and traded on an organised exchange;
(2): Of a market: A market in which securities transactions are conducted through a telephone and computer network connecting dealers in stocks and bonds, rather than, as classically, on the floor of an exchange. Over-the-counter stocks are traditionally those of smaller companies that do not meet the listing requirements of the New York Stock Exchange or the American Stock Exchange.

In recent years, however, many companies that qualify for listing have chosen to remain with Over-the-Counter trading, because they consider that the system of multiple trading by many dealers is preferable to the centralised trading approach of the New York Stock Exchange, where all trading in a stock has to go through the Exchange specialist in that stock. The rules for Over-the-Counter stock trading are written and enforced largely by the US National Association of Securities Dealers (NASD), which is self-regulating (see NASD).

Prices of Over-the-Counter stocks are published in daily newspapers, with the National Market System stocks listed separately from the rest of the Over-the-Counter market. Over-the-Counter markets incorporate markets in both Government and municipal bonds. Source: John Downes and Jordan Elliot Goodman, ‘Dictionary of Finance and Investment Terms’, 7th Edition, Happauge: Barron’s Educational Series, Inc., 2006, s.v. ‘Over-the-Counter (OTC)’.

• Pass-Throughs:
Pass-Through Securities: Pools of fixed-income securities that are backed by a package of assets. A servicing intermediary collects monthly payments from issuers and, after deducting a fee, remits or passes them through to the holders of the pass-through security. This device is also known as a ‘pass-through certificate’ or a ‘pay-through security’. The most common type of pass-through is a mortgage-backed certificate, whereby ‘homeowners’’ payments pass from the original lending bank through a Government agency or investment bank to the investors (per the supposed model).

• Ponzi Scheme:
A scam designed to entrap the unwary investor, as described in the following analyses published on this website [see Archive) and in International Currency Review:
(1): ‘Treasongate Update: Omega ‘Ponzi Game’ scams, 13th January 2007;
(2): ‘Treasongate Background: Intel Ponzi Scams’, 22nd January 2007.

So-called ‘lending programs’, a.k.a. High-Yield Investment Programs operating along Ponzi or Pyramid Scheme lines promoted clandestinely inter alia by corrupt elements of the criminalist US intelligence community (including the CIA’s OMEGA OPS scams) will comply with none of these stringent regulations and requirements, and are accordingly, by definition, ALL ILLEGAL IN THE UNITED STATES. This may well be the basis upon which non-payment of these accounts has been predicated. The question therefore arises: why have these illegal schemes been so widespread, having given rise to a colossal constituency of the American ‘broken hearted’, who have been scammed in one way or another but who have been clinging to the hope, like Rip van Winkel, that they, their family trusts or their restless associations of ‘the scammed’, will finally be paid out one sunny day far out into the future?

The generic answer to this question is that the cynical, criminalised fraudster élite, headed by the crooks controlling and inside the intelligence community, have taken precautions to instal their own corrupt operatives within and in control of certain enforcement institutions, including the SEC.

Enron and the Federal Deposit Insurance Corporation (FDIC) have been used to proliferate and perpetuate these illegal securities scams: indeed, it is from operations such as the CIA’s nefarious Enron scamming system, that the derivatives overhang and crisis have mainly arisen.

As a consequence, blind US official (Federal and State) eyes have been turned to what has been going on, the securities regulations have not been enforced with respect to such illegal Ponzi frauds, and the old system whereby anyone involved with trading securities was blackballed for life if caught engaged in irregular activities, has been moribund since the 1970s.

When an uncorrupt SEC Commissioner tried, quite recently, to enforce the regulations, he was removed from his post on some typically trumped-up pretext or other. In other words, the wolves are and have been in charge of the chicken coops.

So key enforcers are, as matters stand, co-conspirators in the despicable, hitherto (but since the Wantagate and the subsequent exposures, no longer) proliferating intelligence community-driven Ponzi Game operations that have devastated an unknown number of American families – with the proceeds channelled through corrupt participating banks into offshore accounts. See Appendix to this report for the narrative of the original Ponzi fraud.

• Principal:
(1): The person with highest authority in a business, or a person for whom another acts as an agent.
(2): A capital sum as distinguished from the interest on it.
(3): See also: Principal, of a Securities firm.
Source: Oxford Senior Dictionary, Oxford University Press, 1984.

• Principal, of a Securities firm:
An NASD member firm is directed by a Registered Principal, who can be the sole proprietor, an officer, a partner, a manager of an office of Supervisory Jurisdiction, and/or a Director of the firm.

The Registered Principal is answerable for all actions taken on behalf of the firm, and all trades submitted by the firm, and all actions of its registered representatives, subject to the rules and regulations of the NASD, SEC and the State of registration. The Registered Principal must pass the Series 24 (General Securities Principal) and also the Series 7 (General Securities Representative) Examinations conducted by the NASD, and must pass the written procedures and oral interview before assuming this position for the firm. Sources: Michael C. Cottrell, B.A., M.S., ‘Elite Power & Capital Markets’, the thesis submitted in partial fulfillment of the requirements for the Degree of Master of Science, Administration of Justice Department, Mercyhurst College, Erie, PA, on 13th February 2002; NASD, ‘National Association of Securities Dealers, Inc.: Manual’, April 1998, page 3171; NASD, NASD Compliance Check List, Gaithersburg: NASD MediaSource, 1992.

• Principle:
A basic truth or a general law or doctrine used as a basis of reasoning or a guide to action or behaviour; a fundamental truth or doctrine, as of law; a comprehensive rule or doctrine which furnishes a basis or origin for others; a settle of action, procedure or legal determination. Also defined as: a truth so clear that it cannot be proved or contradicted unless by a proposition which is still clearer. Sources: Oxford Senior Dictionary, Oxford University Press, 1984.; Henry Campbell Black, M.A., ‘Black’s Law Dictionary’, Revised 4th Edition, St Paul, West Publishing Company, 1968, s.v., ‘Principle’.

• Prudent Man Rule:
This is the fundamental American principle that is applicable in respect of professional money management, originally asserted by Judge Samuel Putnum in 1830 as follows:

‘Those with responsibility to invest money for others should act with prudence, discretion, intelligence, and regard for the safety of capital as well as income’ [1830 Massachusetts Court decision: Harvard College v. Armory]. The Prudent Man Rule directs trustees ‘to observe how men of prudence, discretion and intelligence manage their own affairs, not in regard to speculation, but in regard to the management and disposition of their funds, considering the probable income as well as the probable safety of the capital to be invested’. Investments in risky Ponzi and Pyramid Schemes and in ‘programs’ such as those referenced, typically breach the Prudent Man Rule.

• Public Offering Price: See: ‘Underwrite’ below.

• Pyramid Scheme or scam: See: Ponzi Scheme.

• Registered Principal: See: Principal, of a Securities firm.

• Registered Representative, of a Securities firm:
This officer is licensed and authorised to purchase and/or sell stocks, bonds, options, limited partnerships, tax shelters, mutual funds, and variable annuities on behalf of a customer or the firm.

The Registered Representative must have qualified by passing the Series 7 (General Securities Representative) Examination and must be registered with the firm as an authorised representative. Additionally, all licensed representatives must have passed the NASD Series 63 (Uniform State Law) AntiFraud Examination, and must register with each State the firm intends to operate in.

Source: Michael C. Cottrell, B.A., M.S., ‘Elite Power & Capital Markets’, thesis submitted in partial fulfillment of the requirements for the Degree of Master of Science, The Administration of Justice Department, Mercyhurst College, Erie, PA, 13th February 2002; NASD, ‘National Association of Securities Dealers, Inc.: Manual’, April 1998, page 3201; NASD, ‘NASD Compliance Check List’.

• Risk:
Uncertainty as to whether an asset will earn an expected rate of return, or whether a loss may occur: Various categories of risk apply in the securities market environment:

(1): Delivery risk: The possibility that the buyer or seller of an instrument or foreign exchange may be unable to meet obligations at maturity.

(2): Liquidity risk: The possibility that a bank may have insufficient cash or short-term marketable assets to meet the needs of depositors and borrowers.

(3): Settlement risk: The possibility that the failure of a major bank, or its inability to honour payment commitments in a wire transfer network, could have a domino effect on other institutions, causing similar failures elsewhere. In the United Kingdom, this is usually referred to as ‘systemic risk’.

Source: Thomas P. Fitch, ‘Dictionary of Banking Terms’, 3rd Edition, Happauge: Barron’s Educational Series, Inc., 1997, s.v. ‘Risk’.

• Risk Free Asset:
A non-callable, default-free bond such as a short-term Government security. While such an asset is not risk-free in terms of inflation, it is (given that the Government can always print money) risk-free in a dollar sense. Source: Jerry M. Rosenberg, ‘The Essential Dictionary of Investing & Finance’, New York, Barnes & Noble, Inc., 2004, s.v. ‘Risk Free Asset’.

• Rule of Law, A (indefinite article):
The way this may be defined in the present context is to begin with the word ‘Rule’. A ‘Rule’ is an established standard, guide or regulation, especially a regulation set up by an official authority. It prescribes or directs action or forbearance. The term also covers a regulation made by a Court of Justice or a public office with reference to the conduct of business therein. Hence, ‘A Rule of Law’ encompasses a legal principle, or a body of legal principles, of general application, sanctioned by the recognition of authorities, and usually expressed in the form of a maxim or logical proposition. The word ‘Rule’ is used because in doubtful or unforeseen circumstances it is a guide or norm for the decision of those concerned (Toullier, tit. Prel. No. 17).

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

• Rule of Law, The (definite article): Note that the foregoing diverges from ‘The Rule of Law’. The common interpretation of The Rule of Law is that ‘the Law rules’ or is paramount: in other words that everyone in society, including the Government, operates within the ordered framework of the Law, precluding arbitrary behaviour. It is important to distinguish between the indefinite and the definite article here, because ‘Rule of Law’ has a different meaning, depending on which is used.

• Savings and Loan Deregulation:
The Garn-St Germain Act of 1982 cut Savings and Loan Associations loose from the tight girdle of ‘old-fashioned’, ‘restrictive’ Federal legislation, opening the door wide to the ransacking and enronisation of the ‘thrift’ banking sector, which in turn laid the groundwork for the subsequent giga-financial scandals that are now being exposed. President Reagan unveiled this legislation at a Rose Garden presentation and signing ceremony on 15th October 1982, before an audience of 200 people. Billed as a major piece of deregulation legislation, this law represented nothing less than the US criminal kleptocracy’s charter to ransack and pillage the middle and working classes. For 50 years, American families had relied on Savings and Loan Associations to finance their homes; but Reagan now pronounced that ‘outmoded regulations left over from the 1930s Great Depression’ had been preventing thrift institutions from competing in the complex, sophisticated financial marketplace of the free-wheeling 1980s.

When signing the bill with a flourish, Reagan pronounced: ‘All in all, I think we’ve hit the jackpot’.

But those who ‘hit the jackpot’ turned out, predictably, to be the organised criminal kleptocracy that had infiltrated official structures, could immediately mobilise criminal funds to buy their way into thrift institutions, and were embedded inside the corrupted US intelligence community. A new breed of swashbuckling Savings and Loan executive sprang up on cue, like weeds, out of the rich soil fertilised at the October 1982 Rose Garden ceremony.

Among their leaders was the notorious Neil Bush, then-Vice President George H. W. Bush’s son, who became a Director of Silverado Savings and Loan, of Denver, CO, and Andrew Cuomo, the son of New York Governor Mario Cuomo, who tried to buy Financial Security Savings of Delray Beach, Florida. The former Governor of Illinois, Dan Walker, bought First American Savings of Oak Brook, Illinois. Within 18 months of the Rose Garden signing, Edwin Gray, Chairman of the Federal Home Loan Bank Board (FHLBB) was provided with a grim, classified report and video, which revealed a swathe of abandoned, half-finished condominium units financed by Empire Savings and Loan of Mesquite, Texas: this was when the FHLBB was made aware of the fact that organised criminal cadres had immediately taken advantage of the deregulation of the Savings and Loans, and that an open-ended financial implosion was under way as a consequence. The enronisation of the US thrift industry was an ‘inside job’ from the outset. Source: ‘Inside Job: The Looting of America’s Savings and Loans’, Stephen Pizzo, Mary Fricker and Paul Muolo, McGraw-Hill Publishing Company, New York, 1989, ISBN 0-07-050230-7.

• Securities Act of 1933: This Act, which followed the 1929 crash and the Great Depression, was framed in accordance with the interstate commerce clause of the US Constitution, and requires that any offer for sale of securities using the means and instrumentalities of interstate commerce must be registered under the terms of the 1933 Act. Prior to the 1933 Act, the public regulation of securities in the United States had been governed mainly by State laws (commonly referred to as the ‘Blue Sky’ laws). With passage of the 1933 Act, the patchwork of existing State securities laws was left in place, to supplement the Federal legislation. A crucial dimension of the law is that the 1933 Act makes it illegal to commit fraud in conjunction with the offer or sale of securities.

Exemptions to the registration process under the Act are extremely tightly prescribed.

Hence, except for extremely narrowly defined offerings (for instance, to groups of no more than 35 investors), securities offered or sold to the general public in the United States must be registered by the filing of a registration statement with the Securities and Exchange Commission.

The prospectus for the offering is generally filed in conjunction with the registration statement. The SEC itself prescribes the relevant forms on which an issuer’s securities must be registered, and these forms call, inter alia, for:

(1): A description of the issuer’s properties and business;
(2): A description of the securities to be offered for sale;
(3): Information about the management of the issuer;
(4): Information about the securities (if other than common stock); and:
(5): Financial statements certified by independent accountants.

It is illegal for an issuer to lie or to omit material facts from a registration statement or prospectus. Secondary market transactions may take place without registration. Under Rule 144A, resales of restricted securities between ‘Qualified Institutional Buyers’ (QIBs) are exempted, thus creating a secondary market in restricted securities among the largest Wall Street houses.

• Securities Acts Amendments of 1975: See: Securities and Exchange Commission (SEC).

• Securities and Exchange Commission (SEC): A Federal agency created under the Securities Exchange Act of 1934, to administer the following legislation:
(1): The Securities Exchange Act of 1934;
(2): The Securities Act of 1933;
(3): The Public Utility Holding Company Act of 1935;
(4): The Trust Indenture Act of 1939;
(5): The Investment Advisor Act of 1940; and:
(6): The Securities Acts Amendments of 1975, which ratified free market determination of brokers’ commissions and gave the SEC authority to oversee the development of a National Market System.

The SEC has five Commissioners, appointed by the President of the United States on a rotating basis for five-year terms. The statutes administered by the SEC are designed to:
(1): Promote full disclosure;
(2): Protect the investing public against malpractice in the securities markets;
(3): Require all issues of securities offered in interstate commerce or through the mails, to be registered with the SEC;
(4): Supervise all national securities exchanges and associations;
(5): Supervise investment companies, investment counselors and advisers, Over-the-Counter brokers and dealers, and virtually all other individuals and firms operating in the investment field.

Source: John Downes and Jordan Elliot Goodman, ‘Dictionary of Finance and Investment Terms’, 7th Edition, Happauge: Barron’s Educational Series, Inc., 2006, s.v. ‘SEC‘.

• Securities Exchange Act of 1934: This legislation, which governs the US securities markets, was enacted on 6th June 1934. The Act:
(1): Outlawed misrepresentation and manipulation, and other abusive practices in respect of the issuance and marketing of securities.
(2): Created the Securities and Exchange Commission to enforce the Securities Acts 1933 and 1934.
The primary stipulations of the 1934 Securities Act are as follows:
(1): Registration of all securities listed on stock exchanges, and periodic disclosures by issuers of financial status and changes in condition.
(2): Regular disclosure of holdings and transactions of ‘INSIDERS’ (officers and directors of a corporation and those who control at least 10% of equity securities).
(3): Solicitation of proxies enabling shareholders to vote for or against policy proposals.
(4): Registration with the SEC of stock exchanges and brokers and dealers to ensure their adherence to SEC rules through self-regulation.
(5): Surveillance by the SEC of trading practices on stock exchanges and Over-the-Counter (OTC) markets, to minimise the possibility of insolvency among brokers and dealers.
(6): Regulation of Margin Requirements for securities purchased on credit. These requirements are set by the Federal Reserve Board.
(7): The provision of subpoena power for use by the SEC in investigations of possible violations and in enforcement actions.

Source: John Downes and Jordan Elliot Goodman, ‘Dictionary of Finance and Investment Terms’, 7th Edition, Happauge: Barron’s Educational Series, Inc., 2006, s.v. ‘Securities Exchange Act 1934’.

• Self-Regulatory Organization (SRO):
These are Federal organisations established to enforce fair, ethical and efficient practices in the securities and commodities futures industries. The practices are referred to as ‘industry rules’ to distinguish them from regulatory agencies such as the Securities and Exchange Commission (SEC) or the Federal Reserve Board. SROs include:
(1): All the national securities and commodities exchanges; and:
(2): The National Association of Securities Dealers (NASD), representing:
• All firms operating in the Over-the-Counter market; and:
• The Municipal Securities Rulemaking Board (MSRB), established under the US Securities Acts Amendments of 1975 to regulate brokers, dealers and banks dealing in municipal securities. The NASD enforces the rules promulgated by the MSRB with bank regulatory agencies. Source: John Downes and Jordan Elliot Goodman, ‘Dictionary of Finance and Investment Terms’, 7th Edition, Happauge: Barron’s Educational Series, Inc., 2006, s.v. ‘SRO’.

• Settlement:
(1): Of Securities: The conclusion of a securities transaction in which a broker/dealer pays for securities bought for a customer or delivers securities sold, being paid from the buyer’s broker.
(a): Regular Way Delivery and Settlement is completed on the third full business day following the date of the transaction for stocks (called the Settlement Date).
(b): Government Bonds, and Options, are settled on the next business day.
(2): Of Futures/Options: Represents the final price, established by Exchange Rule, for prices prevailing during the closing period and upon which Futures Contracts are Marked to The Market. Source: John Downes and Jordan Elliot Goodman, ‘Dictionary of Finance and Investment Terms’, 7th Edition, Happauge: Barron’s Educational Series, Inc., 2006, s.v. ‘Settlement’.

• Sherman AntiTrust Act:
Passed in July 1890, this legislation described in general terms, without the benefit of definitions, activities that were viewed as monopolistic and were therefore illegal. Many of the definitions had already been determined by case law involving court actions by employers combating the activities of trade unions. The Act forbade ‘every contract, combination… or conspiracy in the restraint of trade or commerce’. Sources: Michael C. Cottrell, B.A., M.S., ‘Elite Power & Capital Markets’, thesis submitted in partial fulfillment of the requirements for the Degree of Master of Science, for The Administration of Justice Department, Mercyhurst College, Erie, PA 13th February 2002; Jack C. Plano and Milton Greenberg, ‘The American Political Dictionary’, 4th Edition, Hinsdale, the Dryden Press, 1976, page 328.

• Story’s First Law:
‘All organisations are run for the benefit of those running the organisation’.

• Story’s Second Law:
‘The interests of the supplier and the consumer diverge’.

• Story’s Third Law: ‘Sooner or later, all operations and covers are blown’.

• Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA):
Federal legislation which reversed some earlier tax reductions, established a 10% withholding tax applicable to dividends, repealed accelerated appreciation deductions and provided that American taxpayers must report all sources of income, wherever it was earned anywhere in the world.

It follows that all receipts received by US taxpayers since the passage of this Act which have not been reported to the Internal Revenue Service (IRS) are taxable, which means that all US taxpayer holdings in offshore accounts that have not been declared for tax are liable for US tax and also for penalties. It also means that ‘program’ participants expecting their funds eventually to be paid into offshore accounts may not only be in denial about the fact that they have been scammed, but may have also allowed themselves to become co-conspirators in tax evasion with the perpetrators of the scams themselves. It is standard criminalist practice to procure that targeted victims are enticed into compromising themselves by the perpetrators.

• Terrorism Prevention Act of 1996:
This legislation added terrorism-related crimes as predicates for money-laundering. Madinger and Sydney A. Zalopany, ‘Money Laundering: A Guide for Criminal Investigators’, New York: CRC Press, LLC, 1999, page 43.

• Transparency:
(1): In Financial Reporting: Ease of understanding, made possible by FULL, CLEAR and TIMELY disclosure of relevant information.
(2): In Securities Transactions, price transparency means access to information concerning the depth of the market that would enable detection of fraud or manipulation. Source: John Downes and Jordan Elliot Goodman, ‘Dictionary of Finance and Investment Terms’, 7th Edition, Happauge: Barron’s Educational Series, Inc., 2006, s.v. ‘Transparency’.

• Trust Indenture Act of 1939:
This legislation supplemented the Securities Act of 1933, requiring the appointment of a suitably independent and qualified trustee to act for the benefit of the holders of securities. The legislation specified certain substantive provisions for such a trust indenture that must be entered into by the issuer and the trustee. The law is administered by the Securities and Exchange Commission (SEC).

• Truth in Lending Act:
Federal legislation which established disclosure rules that lenders must observe in dealings with borrowers. The Act stipulates that consumers must be told annual percentage rates, potential total cost, and any special loan terms. Source: John Downes and Jordan Elliot Goodman, ‘Dictionary of Finance and Investment Terms’, 7th Edition, Happauge: Barron’s Educational Series, Inc., 2006, s.v. ‘Consumer Protection Act of 1968’.

• Truth in Lending Act (TILA) of 1968:
This legislation is designed to protect consumers involved in all kinds of credit transactions, including (and especially) mortgages. It is contained in Title 1 of the Consumer Credit Protection Act as amended. The purpose of the legislation is to promote the informed use of consumer credit by requiring disclosures about its terms, and gives consumers the right to cancel certain credit transactions that may involve a lien on the consumer’s principal home. It regulates certain credit card practices, and provides a mechanism for the fair and timely resolution of credit disputes. The law requires the uniform and standardised disclosure of costs and charges so that consumers can shop around (thereby promoting competition). The legislation further prohibits certain practices associated with credit secured on a consumer’s principal dwelling. The lender must disclose to the borrower the annual percentage rate charged (APR), which must reflect the cost of the credit to the consumer. The legislation proved ineffective in curbing the abuses which were highlighted as a consequence of the corruption exposures, because many mortgage lenders failed to comply with the Act’s disclosure provisions, and were not prosecuted or penalised accordingly.

• Underwrite:
To assume the risk of buying a NEW ISSUE of securities from an issuing corporation or Government entity and reselling the securities to the public, either directly or through dealers. The underwriter makes a profit on the difference between the price paid to the issuer and the Public Offering Price, called the Underwriting Spread. Source: John Downes and Jordan Elliot Goodman, ‘Dictionary of Finance and Investment Terms’, 7th Edition, Happauge: Barron’s Educational Series, Inc., 2006, s.v. ‘Underwrite’.

• Underwriting Spread: See ‘Underwrite’ above.

• Vault Cash Act of 1959:
This legislation modified the reserve requirements of Federal Reserve member banks to allow the banks to count their vault cash, in excess of specified percentages of their deposits, as part of their required reserves. This was one of innumerable retrograde modifications since the Second World War which have facilitated covert financial operations, to the detriment of global financial stability and integrity. Source: Munn, ‘Encyclopedia of Banking & Finance’, page 589.

APPENDIX:

THE ORIGINAL PONZI SCHEME EXPLAINED:

Charles Ponzi, an immigrant from Italy to Boston, MA, made millions of dollars for a brief period, by exploiting his shrewd observation that while national currencies were fluctuating wildly in 1920, just after the end of the First World War, the Universal Postal Union (UPU) issued coupons which were always worth a given amount of postage stamps.

In those days, European refugees were flocking to the United States, Canada and Brazil; and often, their only contact with their families and friends back home was an occasional letter, enclosing a few dollars. The Universal Postal Union arranged to move the millions of postwar letters, business documents and messages across national borders by issuing Postal Reply Coupons.

You bought a Postal Reply Coupon in your country of residence, and enclosed it with your letter. Your mother, once she had received the letter, exchanged the Postal Reply Coupon for stamps at her local post office.

Charles Ponzi told friends in Boston: ‘Everybody’s heard of the Postal Union. They print coupons like these I’m holding here: Postal Reply Coupons. You can send a letter home, or anywhere in the world, with these coupons. And you can trade this coupon for a stamp in any country. I send my mother coupons with every letter that I write home’.

‘Now, in cooperation with certain large businesses in our city, I am making a fortune on the Postal Reply Coupon. Stocks are too risky. Forget it. And bonds, what are they paying these days? Maybe six percent? Savings accounts at Tremont Trust, they’ll give you four and a half cents on the dollar. Give them $100 and they’ll give you back $104.50. I can beat that into the ground’, Ponzi insisted, beating his cane against the floor. ‘My investors get 50 cents on the dollar. Place a hundred dollars with my Securities Exchange Company, and you take out $150. Put that $150 in, you’ll get back $225. That’s right, in six months, you can more than double your money’.

How could he pay 50%, when banks couldn’t even manage to pay 5%? ‘Exchange rates’, Mr Ponzi explained. ‘Every morning I go down and check to see how the lira is doing against the US dollar. Usually you get five lire for a dollar. This morning I checked, and with the war just ended, it takes 20 lire to the dollar’. While currency rates were bouncing around like popcorn, Mr Ponzi explained, the Postal Reply Coupon always bought one stamp. Here’s what I do’.

‘I send my cousin in Parma, Italy, $1.0. He exchanges the dollar for lire. With the 20 lire ( or 2,000 centesimi), he can buy 66 Postal Reply Coupons (worth 30 centesimi each, the cost of a letter-sized stamp in Italy). Back in the United States, each of the coupons buys one stamp, at face value five cents. I redeem all 66 coupons for $3.30 worth of stamps. The magic happens in the exchange rate. In America, my dollar buys 20 Postal Coupons. But if I exchange the dollar for Italian lire, and buy the coupons in Italy, then return and buy the stamps in America, I get $3.30 worth of stamps for that same $1.0. My profit margin is 230%’.

‘Yeah, but $3.30 worth of stamps is still stamps’, complained an attentive listener.

‘I know’, said Ponzi. ‘So I sell the stamps at a 10% discount through my contacts with the larger firms downtown in our city. Deducting the discount, I’ve got $3.0 cash now, from the $1.0 that I started out with. Now, let’s say, I got that dollar from you. I will pay you back your dollar, plus 50 cents of interest. Since I just sold $3.0 worth of stamps, I have a dollar and 50 cents for myself. I’m going to spend a third of that on my offices and processing overheads, and a third on commissions and bonuses to my sales people; and then, ladies and gentlemen, I’m going to pocket the other third and take my wife for a stroll’.

THE ORIGINAL FALSE PROSPECTUS IS SOON ABANDONED, AND REPLACED BY… ZILCH
This was the essence of the original Ponzi scheme. Note that in this description, Ponzi starts out by exploiting the fluctuations of exchange rates, and the lack of arbitrage; and note that, by the end of the explanation, he is simply NOW offering 50% interest, which he pays out to claimants out of the additional funds he has received from other investors who are likewise anticipating a 50% return on their investments, within a short space of time.

The germ of the idea was derived from the foreign exchange market; but once Ponzi has realised that people will pour their money his way if they are promised a 50% return, he can abandon his elaborate explanation (his ‘prospectus’) of the exploitation of exchange rate fluctuations and the tedious task of shipping, receiving, handling and exchanging Postal Reply Coupons, which gave him the ‘easy money’ idea in the first place.

In other words, his sales pitch is no more than a now redundant, expendable illustration – a false prospectus which disguises the fact that he is really promoting a pyramid selling operation. For he has realised that all his investors care about is receiving 50% on their money. How this is to be achieved does not normally concern them.

ALL THEY WANT IS A HUGE RETURN ON THEIR MONEY.

By December 1920, Charles Ponzi was matching old money with ever larger amounts of new money. In May 1921 alone, almost $500,000 of new money poured into the Securities Exchange Company – as 1,500 or more new customers, lured by the 50% yield offered through advertisements, sought their share of the huge profits they thought would be forthcoming at minimal risk. The office now bulged with fat stacks of dollar bills.

THE FLOOR STARTS TO GIVE WAY BENEATH HIM
But problems started to arise when Joseph Daniels filed a lawsuit alleging that he had helped to found the Securities Exchange Company (SEC) with a loan of $230 worth of furniture plus $200 in cash. Daniels had indeed provided the beaten-up desks that had been offloaded in the dusty office, and had let Mr Ponzi have $200 to spark interest in the Postal Coupons. It wasn’t just a loan, Daniels maintained, now that Ponzi was drowning in cash. ‘We were partners. I put up capital and property’. On 2nd July, Mr Ponzi was handed a demand for $1.0 million.

The Boston Post telephoned, and Mr Ponzi told the reporter that he had indeed bought furniture from Mr Daniels, but that he had never received any money for investment from him.

But when the newly installed banking commissioner for Massachusetts, Joseph Allen, read the newspaper, he wondered: ‘Where did Ponzi come from? Who are his associates? How is he managing to double people’s money?’

Allen asked Ponzi to pop round to his office, for an interview. The Securities Exchange Company did not describe itself as a bank, nor did it offer any banking services.

Therefore, in the absence of a complaint – and none had yet arrived – the Commissioner had no jurisdiction to examine Charles Ponzi’s business. At the interview, Ponzi explained the curiosities surrounding Postal Coupons, pointed out that money chased money, collected his black hat and coat, doffed his hat, and bid Mr Allen goodbye.

But Richard Grozier, city editor at The Boston Post, had always thought that Charles Ponzi’s scheme was fraudulent; and to initiate what he fancied would be the inevitable coming débacle, he elicited a comment from one of Boston’s leading citizens, Clarence Barron, the owner of Dow Jones & Co and The Wall Street Journal.

At the end of July 1920, The Boston Post carried a front page story entitled: ‘Clarence Barron questions the motive behind Ponzi’s scheme’.

Theoretically, Barron admitted, you could indeed turn a profit on the UPU coupons. But that was the only truth buried within the operation. You could never earn more than a few thousand dollars, not just because of the trouble involved in offloading the stamps and tracking the various conversions driving the process, but because there simply were not enough coupons available.

France, Romania and Spain had just abandoned the scheme, a few months earlier. A cursory check with the UPU showed that they only had a few hundred thousand dollars’ worth of coupons left in circulation – nowhere near the $10 million or $15 million Mr Ponzi claimed to be trading. So where was Ponzi getting his coupons from? Furthermore, the US Postal Service had announced, on 2nd July 1920, that Postal Reply Coupons would no longer be redeemable in lots larger than ten. So how was Ponzi converting his coupons into stamps?

Finally, Barron asked, if Ponzi is doubling everyone else’s money, why does he keep his own funds in regional banks? The Boston Post knew that Ponzi kept millions of dollars on deposit at seven or eight New England banks, and that the accounts were ballooning. How could a man who was paying 100% interest every 90 days, put up with drawing just 4% on his holdings? Barron concluded:

‘Right under the eyes of our Government, Mr Ponzi has been paying out US money to one line, with deposits taken from a succeeding line’ (another bank).

All of a sudden, all the doors which had flown back on their hinges at the sight of Mr Ponzi, were slamming tight shut. The Massachusetts District Attorney ordered Ponzi to cease and desist. His customers demanded their money back, and Ponzi was eventually jailed for Federal mail fraud, then deported. He wound up destitute in a poor house in South America (1).

Reference:
(1). ‘How Charles Ponzi pulled it off: Making a fine art out of a pyramid fraud’, International Currency Review, Volume 27, Number 3, December 2001, pages 51-52.

ANNEXE:

REITERATION OF THE STATUTES, SECURITIES REGULATIONS AND LEGAL PRINCIPLES OF WHICH THE CRIMINALISTS, THEIR ASSOCIATES AND RELEVANT BANKSTERS ARE IN BREACH:

LEGAL TUTORIAL: The Steps of Common Fraud:

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

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

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

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

Step 3: Theft by Deception and Fraudulent Conveyance:

THEFT BY DECEPTION:

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

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

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

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

FRAUDULENT CONVEYANCE:

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

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

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

U.S. SECURITIES REGULATIONS OF WHICH KEY INSTITUTIONS HAVE BEEN SHOWN TO BE IN BREACH:

• 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 BANKSTERS:

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

• Please be advised that the Editor of International Currency Review cannot enter into email or other 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.

HOW BUSH, CHENEY RIPPED OFF THE CIA AND THE PENTAGON

HALLIBURTON SCAMMING OPERATIONS SET UP INSIDE BOTH ORGANISATIONS

Monday 26 May 2008 19:09

INTERNAL STEALING STRUCTURES ESTABLISHED UNDER BUSH’S EXECUTIVE ORDERS

RAPIDLY WIDENING SCOPE OF EXPOSURE OF HIGH CRIMES AND MISDEMEANOURS

STAGGERING BREACHES OF NATIONAL SECURITY DUE TO CHENEY’S CORRUPTION

168 CIA DEATHS ATTRIBUTED TO CHENEY’S BLACKMAILED HALLIBURTON SCAMSTERS

PLUS: UPDATED INFORMATION ON THE GLOBAL FINANCIAL SETTLEMENTS

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’.

• UPDATE: 8.30pm UK time, 2nd June 2008:

ATTACKS ON THE EDITOR OF THIS SERVICE: The Editor is the subject of confused and mindless attacks on one or more US websites. The specific trigger for these attacks is an email sent by the Editor to one of the websites concerned, in which the Editor made the simple point that convoluted assertions made by a US operative hiding behind the meaningless label ‘S’, lack credibility because the source hides behind a cloak of anonymity, lacking the guts to reveal his identity and therefore to expose his credentials. The Editor sent this email in response to an earlier attack by this maniac, who has now gone verbally berserk. Nothing that that source presents for the consideration of
the public can be or should be taken seriously, and anyone who does so is liable to be deceived.

The Editor has yet to reveal the elements of the double-cross operation perpetrated against him and a US arms’-length colleague by Wanta and the Cheney Gang, (a) because subscribers to the financial journal (International Currency Review) will receive this and related information and key documentation first, and (b) secondly because we are waiting to see whether certain obligations are going to be honoured. We refer to pay orders, the $35,000 and other payables to key recipients.

IF it transpires that they are not, we can assure everyone who reads this Update that the ENTIRE NEST OF RATS WILL BE EXPOSED AND BROUGHT DOWN, with the impact of such exposures rocking the corrupt US structures to their foundations. And this is NO IDLE FACT. It is THIS that these fools are anxious to avoid: they can avoid TOTAL exposure ONLY by delivering on their OBLIGATIONS. Recall the legal phrase FRAUD BY INDUCEMENT in this context.

The first and most basic rule when reviewing web postings is this: to establish the source’s bona fides. By definition, an anonymous source has no bona fides, so it cannot be established. Further, the purpose of the latest diatribe is to inveigle the Editor into a polemical slanging match, which would serve no purpose other than to massage the wounded pride of this sick operative.

These eruptions of verbal anger from anonymous sources will get a lot worse in the weeks and months ahead. The sources in question are locked inside their virtual world, where truth and lies are interchangeable. Such sources can indulge in the luxury of questioning the motives of open sources and Editors who do not hide their identity and credentials [see our Testimonials on this website], and are unlikely to have sufficient Latin to understand the meaning of the phrase PRO BONO PUBLICO. But the main point to note at this juncture can be summarised as follows:

Given that the criminalised US intelligence community cannot stuff the genie back into the bottle, thanks to the massive kick in the pants it was given by (yes) the (‘unexpected’) exposures of its criminality on this website, it is working overtime to disguise its vulnerability by manufacturing OBFUSCATION red herrings, of which many more will surface in the immediate future.

These ‘lines’ will all have one single objective: TO MASK/OBFUSCATE THE CONCLUSION OF THE SETTLEMENTS and to HIDE the horrendous struggle that is taking place behind the scenes which the Editor knows resulted in an EXPLOSION on Monday the 2nd June when the absolute, absolute, final deadline for the Settlements was again torpedoed, it is believed by Cheney (who did a deal: earlier reports to that effect were true. He turned up at Richmond last week accompanied by a large Gestapo force which was clearly deployed to protect him. Amazing!).

This led to exchanges by certain countries with the United States which can only be described as liable, if not met with appropriate action by the US criminalists, to yield horrendous consequences.

A further ongoing objective of certain US OBFUSCATION operations is to continue the established practice of confusing WHOLESALE with RETAIL. The dimensions that this service has covered have referenced the WHOLESALE Settlements. By definition RETAIL Settlements cannot proceed without having been preceded by the WHOLESALE payments. This distinction is NOT to belittle the integrity, or whatever, of the RETAIL Settlements: it is just a statement of simple fact.

One other point, to reiterate, here: since the latest antagonist of this Editor is both confused and anonymous, it stands to reason that the Editor is not about to become entangled in his nefarious attempts to entice us into a slanging match, which lots of ‘Black’ onlookers would like to happen.

It is true that the Editor uses strong language sometimes, but given the extreme gravity of the overall situation, which IF NOT PROMPTLY RESOLVED MIGHT WELL DETERIORATE INTO ACTUAL WARFARE, according to what the Editor was told this afternoon, what can one expect?

• BLANK, THREATENING AND OBSCENE EMAILS: We continue to receive emails from unsolicited correspondents who lack the guts to reveal their true identities and coordinates. To deal with this menace, we have installed a facility that displays emails before they are downloaded. Such emails are routinely deleted before they are pulled down from the multiple servers hosting this service. It would appear that this notice has not yet been read by certain mentally perverse perpetrators.

• SELECTIVE DUPLICITY: In response to the above, the Editor has recently been asked why he concentrated on the Wanta dimension ‘when so much else was happening’. This is a fine example of taking things out of context. ANSWER: Because the Editor forked out $35,000 of his own scarce private funds to dig Wanta out of his unlawful probation, which was terminated five years and two weeks early, as a consequence. This development helped trigger the course of events leading to our exposures and the movement towards the Settlements. The fact that Wanta has not repaid the funds he borrowed from the Editor and subsequently double-crossed him and an arms’-length US colleague is factual and will have and is having ‘consequences’. To demand to know why the Editor followed the Wanta dimension while forgetting WHY HE DID SO AND HOW THIS ALL CAME ABOUT is just disingenuous. Finally, we have covered FAR MORE than just the Wanta dimension, as the record clearly shows. The Wanta dimension opened a window into the broader corruption issues.

• UPDATE: 6.25pm 27th May: With reference to the rigging of oil prices by speculators in league with the giant oil corporations by the methods described in general terms below, we have been authoritatively told that rental profits of $35.00 per barrel are being creamed off by these crooks. They started by creaming off $12.00 per barrel and subsequently graduated to $35.00. But UPDATE: Given an apparent ‘dirving strike’ on both sides of the Atlantic over the long weekend, the way is now being prepared for a sharp and sudden drop in the oil price from its fake peak level, to around $90 per barrel. Still, the speculative windfalls accrued since this ‘in-your-face’ ‘Blowback’ operation started, will have netted the ‘Dark Forces’ premium rental profits to make up for the reality that the world community has procured that they won’t be able to rob everyone blind in accordance with the old model from now on. With the heads of the snakes stamped on, SOME progress has been made.

• UPDATE: 5.15pm 28th May: We hear from several of our own sources (not web sources) that it is being suggested that the Unterreichsführer is ‘ill’. We predict that this is how Cheney’s ‘situation’ will be ‘handled’. Otherwise, surely, the phrases ‘handcuffs’ and ‘cockroaches’ would have to apply, especially in the light of the kind of information summarised below, of which (we are told), more is in the pipeline. Interesting, isn’t it, how once the key perpetrators’ sell-by date has been exceeded, their services (if not also their person) are peremptorily dispensed with. Some roaches are harder to exterminate than others, especially those roaches that feed other roaches in the food chain.

••UPDATE, 7.30pm 28th May: At about 6.15pm we received confirmation from knowledgeable US FINANCIAL sources to the effect that ‘what you posted (on 26th May 2008) is’ quote ‘almost 100% accurate’. Furthermore, the Editor was informed that this corruption was ‘known about’ and indeed underlay a determination in certain circles that this nexus of scandalous practices could not be allowed to continue. The sources for this are of the highest calibre.

Meanwhile, separately, a retrospective attempt may be being made on certain websites to run after a ‘remote viewing’ dimension for this information, which was indeed sent in a sealed envelope to Representative Waxman last week. ‘Remote viewing’, or ‘mental spying’, was known to be going on in the ‘former’ USSR and its satellite states from the early 1950s onwards (probably representing a continuation of Himmler’s ‘Black’ experiments, given that the Soviets also imported a large number of Nazi scientists and operatives, like the United States did).

In the United States, although occultic ‘mind control’ experiments exploiting hypnosis, behaviour modification drugs, VLF (very low frequency sounds: 20-35Hz: a range which induces brain wave patterns in the sleep or hypnotic state, and is also highly conducive to producing a ‘state’ ripe for demonic possession) and other exotic gadgetry had been tested on human subjects since the end of the Second World War (the (Cheney) demonic MK-ULTRA project) by the CIA, there was a US bias against ‘remote viewing’ activity until the 1970s, according to ‘open’ information, at which point US intelligence finally became concerned about Soviet ‘psychotronics’. So it commissioned several programs to investigate operative modalities capable of duplicating and eventually outperforming Soviet successes in this area, which had by then been confirmed by Humint (human intelligence) and electronic intelligence.

Initial experiments were very ‘successful’, and the CIA then contracted SRI; and in due course the US Army Intelligence Branch sent its personnel to be trained as ‘remote viewers’ at SRI, and also opened a separate operational unit for this purpose. SRI’s work attracted the attention of the DIA, NSA, Office of Naval Intelligence (ONI), and INSCOM (the aforementioned Intelligence Branch of the US Army). Special ‘remote viewing’ units are known to have been operated in the mid-1980s to the early 1990s out of Fort Meade, Maryland, while other such units were known to exist. Most of these US defense-related projects are now either defunct or else have gone very deeply undercover since 1995, for reasons unknown.

Certain European countries are reported to have very advanced ‘remote viewing’ capabilities. According to sources, ‘anyone can do it’. From the perspective of True Christianity, such ‘Black’ activity is a modern format for playing around with demons and the occult, which is extremely dangerous. However this summary’s purpose is to debunk any party that may be imagining, at this late stage, that the intelligence summarised below is anything other than genuine, on the ground that the source has acknowledged that she is a ‘remote viewer’. That this is factual, invalidates nothing; and in any case, as explained above, we have received authoritative confirmation from reliable American financial sources that the corruption data identified in the intelligence forwarded to Rep. Waxman in a sealed envelope, is accurate.

In addition, we are independently aware from OTHER information (some being FIRST HAND to this Editor) that the intelligence referencing the biofeedback equipment, the Great Dark Lords, the inoperative satellite, the defective artillery piece, and the Japanese spy computer, as well as the elaborate Halliburton scamming operations, is all correct. Therefore, any belated spoiling attempt to muddy the waters by going off on a ‘remote viewing’ tangent, can be interpreted with confidence as a makeshift operation to discredit the information. Sorry, folks, it’s too late.

• IMPORTANT: The horrifying ‘inside’ information about US corruption revealed below should not get you upset and depressed! On the contrary, dreadful though what is described here is, the fact that it is being exposed is a NEW DEVELOPMENT, and should be considered a sign of hope. Nor is this website alone in publicising this information. The Editor had to decide whether to do so or not, and concluded that the grim detail exposed herewith helps to explain the unfettered ‘grabitisation’ mentality of these snakes, motivated by greed for money. Consider the extraordinary fact that the Vice President, exposed in our reports as having stolen billions, is identified in this intelligence as taking receipt of $50,000 in $100 banknotes for selling a stolen CIA computer. Not content with the
billions he has stolen and manipulated, he wants MORE. This mentality is very hard for the normal person to understand. The only shorthand way to handle this concept is for us to recognise that these criminals are out of their minds. They are in Lucifer’s mind. The damage they inflict before they get their come-uppance, thanks to the complacent ‘failure to confront’, is what is so troubling.

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

• 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.

• NOTE: The Subs/Books panel on the Home Page is a means to enable us to communicate with subscribers, the purpose being to announce when issues of our serials have been published, and also to provide updated information on our Books. On 23rd May, the Editor appended an essay for the specific benefit of subscribers to International Currency review, the purpose of which was to inform them of progress on the publication of International Currency Review, Volume 33, Numbers 3 & 4, which runs to almost 1,000 pages, and will provide a massive historical record with detailed documentation and updated information on the worst financial corruption crisis in world history.

This private communication was lifted by another website and placed onto their space out of any context, causing some confusion. The reason for the confusion was that the information published in the second panel, though accessible to anyone, represents, as indicated, this Editor’s private communications with subscribers to our printed intelligence publications. Therefore, what we say in the second panel is nothing to do with anyone other than our actual or potential subscribers.

• Please Make a Donation, if you feel able to do so, to help finance Christopher Story‘s ongoing financial global corruption investigations. Your assistance will be very sincerely appreciated and will make a real difference, hastening the OVERDUE resolution of the worst financial corruption and linked financial fallout in world history. The Editor’s $35,000 Wanta bail-out money has been stolen.

HELLISH STRUGGLE AGAINST THE DARK FORCES
Given the severe setback delivered to the Dark Forces by the international community, which has demanded and is procuring the return of stolen moneys with compound interest, a ‘Black’ struggle has been raging behind the scenes as various poisonous heads of the Octopus are repetitively stamped on and finally put out of action.

This struggle is more dreadful, by an order of magnitude, even than the red hot intelligence war (over MONEY) that has been raging behind the scenes against the background of the raping of the dollar fiat money system by the most dangerous claque of world-class financial criminals ever to darken the face of the Earth, headed by the Bush Crime Family and Cheney (detained).

‘AS YOU WON’T LET US STEAL MONEY ANY MORE, WE’VE RIGGED OIL PRICES INSTEAD’
In exchange for not being allowed to keep the money they have stolen and replicated, associates of the severely traumatised criminalists are seeing to it that the American people and the Rest of the World pay for this unanticipated cumulative setback to the unfettered greed of these snakes.

This is being done on the back of the Bush-weakened dollar by rigging oil prices via those de facto speculative cartel operations run out of the trading rooms of the world’s biggest collaborating oil corporations, as mentioned in our report dated 9th May.

A distinguished former US commodity broker and trader for decades, informs us that he foresees a precipitous drop in the price of crude oil. George Soros, the world’s biggest hedge fund investor, stated on 25th May that the oil price chart had acquired a ‘parabolic shape charcteristic of a bubble’.

This price-rigging has decisively separated the oil price from the observable underlying economic fundamentals, characterised by increased production from ‘secondary sources’ (including 200,000 barrels per day (BPD) from Nigeria, an additional 300,000 BPD from Kirkuk, Northern Iraq, and even 300,000 extra BPD from Saudi Arabia), oil stocks held by the ‘rich’ countries above their five-year average, with ‘comfortable’ cover for 53 days, drivers resolving to undertake fewer journeys in order to curb expenditure on fuel, and economists’ predictions of recession and worse over the months and years ahead.

The false price structure has been achieved with the assistance of a colossal leveraging in the futures marketplace, put options in futures and on the OTC market, plus cash forward contracts, allied to shorts and put option buys referencing the oil sisters’ stocks, all with the objective of stealing vast rental profits immediately, with the proceeds paid directly into multi-owner levels of anonymous nominee accounts located in the usual suspect untaxed domiciles.

In other words, the equation is as follows: ‘If you won’t allow us to steal your money, we’ll steal it anyway, by other means: and there will be nothing you can do about it’.

GLOBAL REFINANCING SETTLEMENTS PROGRESS UPDATE
On 15th May an official involved in the Settlements was genuinely unable to appear at a certain US bank within the relevant allocated ‘window’ settlements timeframe due to a sudden (unexplained and disturbing) circumstance that befell a member of his family. Madame Wu was then informed, and agreed to ‘hold off’ application of the drastic powers of execution that she had obtained from the World Court/ICJ, but indicated that if matters were not concluded by close of business on 16th May 2008, she would proceed anyway.

Closure did not take place and so, according to our sources, Madame Wu procured liens on two banks, believed to have been based in Europe. A bank that is attached with such a Writ of Lien (Execution) suffers an immediate destruction of its creditworthiness if such information becomes public knowledge, which is not the case in respect of the identity of the institutions in question. However it is the duty of the Editor of International Currency Review to inform our subscribers, in particular, of such developments in general terms.

On Tuesday 20th May, the British Ministry of Defence finally announced that it was ready to go ahead with signing the contracts for the two 65,000-tonne Future Aircraft Carriers (CVTs) with a joint venture being formed by BAE Systems and VT Group, which will be named BVT Surface Fleet.

This new British consortium will be a key member of the Aircraft Carrier Alliance of companies that will now construct and assemble the new carriers at shipyards in Portsmouth, Barrow-in-Furness, Glasgow and Rosyth. The initial [sic!] cost of these two carriers will be £3.9 billion (viz., almost $8.0 billion), including capitalised expenditure to date. The ships, which as previously indicated will be financed using funds derived from the Settlements, are expected to enter service during 2014 and in 2016. The two British corporations said that they expect relevant transactions documentation to be signed shortly, a clear indication that the Settlement process is nearing completion.

CLINTON ASSASSINATION THREAT ANTICIPATED ON 9TH MAY
In our report dated 9th May, we commented as follows:

‘… While Mrs Clinton, the candidate of the Dark Forces, remains on the ticket for the Presidency (not much longer, surely, unless they ‘do something’ to Mr Barrak Obama, which would not be beyond ‘them’ at all), the criminalist cadres can be relied upon to rest their rapidly vanishing hopes of ‘business as usual’ on this Jezebel becoming President’.

For President, we should now read Vice President, so that she can continue in Unterreichsführer Cheney’s duplicitous and destructively corrupt role (see below). Not long afterwards, Mrs Clinton uttered a slip of the tongue in which the possibility of an assassination attempt on Mr Obama was clearly hinted at. You read it here first.

MADAME WU REPORTED TO HAVE ‘SEIZED’ FOUR MORE BANKS
On Saturday or over the weekend of 17th/18th May, as matters went from bad to worse, Madame Wu was reported to us to have ‘seized’ two further institutions. We learned on the following Tuesday that two more banks, for a total of six to date, had been liened by the Chinese under their Writ of Execution, on or immediately after Monday 19th May.

The current state of affairs, as reported to us, is that a ‘doomsday deadline’ believed to be close of business EST on Wednesday 28th May 2008 has been set by the Chinese, who are owed vast sums of withheld and stolen money, which, if not met, will incur very drastic consequences and which the Cheney-Bush gangsters [see below] will have been explicitly responsible for provoking.

According to the Editor’s information, the situation could not be more serious short of World War, although due to certain decisive recent developments the problems arising from the highest-level gangsters’ reprobate behaviour over a prolonged period of time are being overcome.

Unsurprisingly, these matters went unreported even by outlets that had been purporting to be keeping payees abreast of what is supposed to have been going on behind the scenes. Madame Wu, previously hailed as the saviour, was now, all of a sudden, collaborating with Bush and worthy of unspeakable consequences. Her Majesty the Queen, who had suffered the theft of her gold by the US mobsters, was again pilloried, as these US disinformation hacks are apt to do, from time to time, when they have run out of targets to excoriate, in the endless quest to deflect blame for a crisis that is exclusively attributable to unprecedented corruption inside the US structures, as will be exposed in considerable detail below.

THE DETENTION OF THE UNTERREICHSFUHRER AND THE HEAD OF THE REICHSBANK
On Friday 16th and Saturday 17th May, Unterreichsführer Reinhard B. ‘Himmler’ Cheney was ‘taken into detention’, but was reportedly released on or about the 17th, whereupon, as was inevitable, he immediately interfered yet again with the Settlements, in response to which he was detained (we believe) sine die. On or around the same timeframe, Dr Ben Bernanke, the Chairman of the Federal Reserve (the Reichsbank), was reported to us to have been taken into detention as well. A number of ‘Cheney people’ plus two Federal Reserve officials were further reported to us on 21st May as having been detained. These reports were subsequently verified by honourable sources trusted by this service. It is understood that Cheney was obliged to sign documentation that he would have preferred not to have signed, at some stage during this ‘rapid unfolding of events’ (Lenin).

THE TEN-GALLON HAT EPISODE
On Wednesday 21st May, a ‘Cheney’, sporting a ten-gallon hat’ was reported by Associated Press, well known to be a US Government mouthpiece, to have addressed 200 graduating Coastguard cadet officers at the 127th commencement ceremony at the US Coast Guard Academy. Also on the podium was Homeland Security Secretary Michael Chertoff (Reichsminister Hermann Goering).

Unterreichsführer Cheney does not wear hats, and neither does he stand upright. He is ‘vertically challenged’ and is rather stout. The ‘gentleman’ under the ten-gallon hat stood up straight and was somewhat thinner than the latter-day Himmler is known to be. The wearer of the ten-gallon hat was greeted with ‘a thunderous 19-gun salute. A jet and helicopter flew over as cadets tossed their hats in the air’. Himmler did not follow suit in order not to blow his cover (so to speak).

To give them their due, certain members of the Fourth Estate thought there was ‘something funny’ about the Unterreichsführer double’s headgear. For starters, he should have removed his bonnet during the parade of colours. So a Connecticut reporter, Ted Mann, asked Cheney spokesfemale Megan Mitchell; ‘what’s up with that hat?’ She elucidated helpfully: ‘It’s to protect his head from the sun’ which is rather like explaining that the purpose of a rubber duck is to play with it in the bath.

To his credit, the disbelieving Mann wrote afterwards: ‘Well. There goes our still-developing theory about the airfoil properties of ten-gallon hat brims’. Asked to comment by the Editor of this service, a veteran US analyst ‘with connections’ whom we have known for many years responded to us on 23rd May at 00:50 UK time in the following vein, having studied the video images in question:

‘Here are a few comments regarding Cheney’s ten-gallon hat and here is my take on the chapeau. This guy’s performing a balancing act as a Cheney double. I have seen numerous photos and this Cheney is thinner and is not stupped over with a hump in his back when he walks. Furthermore the double’s head didn’t match Cheney’s so they affixed a Texas-style bonnet on it and viola! Only a long-horned steer could tell the difference by the stink!’

CHENEYANA…
Unstated was the intelligence, reported to us, that two of the Unterreichsführer’s doubles have already been ‘liquidated’, in order to impress upon this monster that he, too, can suffer the same fate, a point that, prior to his latest detention at least, he appears not to have taken on board. For instance, around ‘Paulson time’, we were further informed that Cheney had been shot. Since the Editor knew that Cheney had an appointment to meet the Prime Minister of Finland on 14th January, he took care to telephone the Finnish Embassy in London to verify that the said meeting had taken place: and it had. By that time, Cheney was one double down, with perhaps two to go. It is possible that a Cheney double was ‘lost’ during that showdown on the Sydney Airport tarmac. Alternatively, a double may have been liquidated during the gun battle which is known to have erupted at the Vice Presidential premises in June 2007, which was hushed up at the time.

On 21st May, as we and Associated Press (again) reported, the Unterreichsführer had visited the Philadelphia Regional Financial Center, part of the US Treasury Department’s integrated Financial Management Service, to utter some inconsequential remarks about the economic stimulus checks that will be delivered by the generous United States Government to pacify the pent-up anger of some 130 million Americans. As we pointed out, the US officials who would have been expected to attend such a Treasury facility would be either the Reichsfinanzminister or the Under Secretary of the Treasury, but NOT the Vice President of the United States. Given the verbal trashing that the Editor received between 2nd and 9th January 2008 after reporting the Paulson matter, the silence that followed our reference to the anomaly of Cheney doing the job of the Treasury Secretary or the Under Secretary, was by contrast stiflingly deafening, and ‘spoke for itself’.

OBFUSCATING THE DESCENT OF THE CURTAIN AT THE CONCLUSION OF ‘ACT ONE’
Making the necessary continuing allowances for the observable fact that the counterintelligence disinformation, diversion and confusion-building apparat appears to have been instructed to work overtime chasing windmills and throwing sand in the air so that the actual completion of ‘Act One’ by remittance of the Settlements takes places as far as possible behind a dense smokescreen of disinformation and confusion, it has been clear for weeks that several directives may have been issued. We have had numerous lies fed to us, which, when evaluated, have been traced back to the Treasury, reported to remain still in ‘never-never’ land because it reports to Der Führer, who lives there. If we were to publish a study of the crass lies in question, readers would be entitled to ask whether the US official structures have all contracted an advanced form of senile dementia, as these people play fast and loose with facts on a scale that we have never encountered before from any Western Government. On purpose by mistake, you understand.

One directive would appear to relate to the spreading of unsubstantiated rumours and libels, for instance against Madame Wu and Her Majesty The Queen, and even against the lowly Editor of this service [see Appendix to this report]; while another appears to be related to an operation to ‘roll up’ the Bush-Cheney-Clinton strands, at least, of the corrosive, decadent criminalist network.

There may also be a third directive, the purpose of which will have been to DISCREDIT EVERYONE both individually and collectively. That is the usual procedure when a huge deception operation blows up in their faces, as has happened with this nexus of unprecedented financial scandals.

In 1992 and later, at least 420 people with knowledge of the official criminality were ‘liquidated’ in a Stalinist-style purge, although far more operatives and family members perished than has yet been generally understood to be the case. This time round, ‘rolling up’ all traces of the criminality has probably been frustrated beyond recall by EXPOSURE, and is unlikely to be a practical proposition due not least to the fact that relevant patriotic law enforcement is genuinely engaged, we believe, in proceeding to raise the curtain for ‘Act Two’ [see report dated 9th May: Archive].

RAISING THE CURTAIN FOR ‘ACT TWO’
As the Editor surmised, this is indeed having to be done ‘by other means’ (to cite Lenin) because implementing the Reformation Act would necessitate bringing all US troops engaged in illegal wars back home. The fact that, according to Buchanan and Roberts [report, 17th May], 25% of the Iraqi population has been killed, maimed, incapacitated or forced to assume refugee status while large numbers of American and British troops have been killed in order to ensure the odious criminalists their ‘Black’ profits since the illegal invasion in 2003, is conveniently overlooked in this context.

The forthcoming huge issue of International Currency Review [see Subs/Books panel on the Home Page: Editor’s posting dated 23rd May 2008] will contain documentary proof of the stealing by US criminalist operatives and associates of The Queen’s ‘product’ (gold) on 29th-30th March 2007, for which the Editor of this service was excoriated without a cause by a former US friend of his who could not have possessed any knowledge of this matter. Those who have again started to lambast The Queen conveniently overlook the FACT that it was the US criminalists, whom we are standing up to on their behalf, who stole The Queen’s gold.

As for Madame Wu, acting on instructions from the Chinese Government and associates to collect their stolen funds from the American crooks, the US criminalist fools are believed to have assumed that they could outmanoeuvre her right through this huge crisis, which continues to be ignored by the controlled Fourth Estate on both sides of the Atlantic, with Operation Mockingbird still in full throttle in the United States. Spasmodic disinformation about Madame Wu has been intended to mask the disgrace that certain US parties feel at being forced to comply with the requirements of the international community and the Chinese, who are the biggest foreign victims of these crimes.

At 11.30pm UK time on 26th May, the Editor was informed that Madame Wu was flying back to the United States, ready to order the ‘doomsday’ steps that she is entitled to take failing completion of the Settlements by the deadline mentioned above. This information was not provided by Michael C. Cottrell, M.S, but by other completely separate sources trusted by this service.

EXPOSURE OF THE OFFICIAL CRIMINALITY IS BEING AUGMENTED BY TIMED LEAKS
Notwithstanding this distressing ‘mainstream’ cover-up of the biggest crime story in world history, and extensive control, through the manipulation of Fifth Estate (Internet) websites by the colossal US disinformation apparat, the discrediting manipulators make full use of all available media outlets when they have an urgent agenda to implement. A case in point was monitored on 22nd May, when it was reported that Stanley Hilton, a former Senior Adviser to Bob Dole, and a man who has known rogue operatives Rumsfeld and Wolfowitz for decades, was reported to have made the following comments on the Alex Jones radio show:

‘This (9/11) was all planned. This was a government-ordered operation. Bush personally signed the order. He personally authorized the attacks. He is guilty of treason and mass murder’.

When we discussed this matter with a knowledgeable source, Stanley Hilton was dismissed as a long-term ‘tool’ and Alex Jones received ‘bad marks’. Now, the Editor is aware that this pundit has been described as what is known as ‘a balancer’, which is to say that he ‘modulates’ the interface between the ‘Dark World’ and the ‘real’ world. As for Stanley Hilton’s background, the nature of his ‘baggage’ is not the point. There is only one relevant issue here: all of sudden, what thinking people and anyone not sitting on their brains has known since 12th September 2001, is now being stated openly, by a former Beltway Insider, as FACT.

As far as we know, Mr S. Hilton is still walking. Why should this be the case? Answer: because the green light has at last been given, consistently with proceeding forward with ‘Act Two’, to roll up the Bush-Cheney-Clinton giga-crime network, or Weltkriminalgesellschaft.

Of course, it is SCANDALOUS that we have had to wait seven years for this to happen, just as it is scandalous that the US cadres concerned disseminated the lie that about 3,000 people died at the Twin Towers when at least ten times that number perished (again, see our 9th May report: no-one has come forward to refute that calculation, while several sources have corroborated the estimate as being ‘ballpark accurate’). The Editor knows this to be the case, as he endured the stench in Midtown Manhattan for weeks.

For Hilton to state what we all instinctively (and, on the basis in many cases of years of research) know to be true, begs the question: if that is the case today, Stanley Hilton, why didn’t you say so earlier? To which the answer has to be the same: the cynical green light (in the form of a directive) has now been given to make the perpetrators (or some of them) pay for their crimes. And the first step towards achieving that is through exposure: whereupon, all of a sudden, the despised media becomes ‘useful’. Stand by for ‘mainstream’ reports suddenly focusing on the underlying facts.

Perhaps it is at last sensed within the confused and terrified Beltway that the risks of continuing the cover-up outweigh the risks of finally exposing the main perpetrators of these abominations, and making them pay for their heinous crimes. More likely, the main calculations underlying this development are entirely pragmatic, having to do with proceeding to ‘Act Two’ ‘by other means’.

ON THE LOOKOUT FOR FURTHER EXPOSURES FROM OFFICIAL SOURCES
At all events, the Editor has naturally been on the lookout for further indications that the cornered perpetrators are about to face their overdue days of reckoning at long last. The desperation of the Clintons to force Mrs Rodomski onto the Obama ticket as Vice President is of course indicative of the fact that if they can’t pull that off, they are ‘finished’. If Jezebel were to become Vice President, she would simply replace Cheney, which is no doubt what the two ‘Black’ groups believed to reside within the criminalised CIA have been rooting for (bearing in mind that all Presidential candidates on the stage are controlled and handled intelligence operatives, given that the criminalised US intelligence community is in control, out of control and needs to be brought under control).

Thus Cheney ‘works’ for Bush Sr. and is Bush Jr.’s handler (or was, prior to his latest ‘detention’). Jezebel would simply ensure that President Obama could do nothing to prevent her terminating the essential fumigation of the pigsty which, we are led to believe, has now commenced (‘Act Two’), and continuing corrupt ‘business as usual’, together with murderous repression of all who stand in her way. But the further we progress, the less feasible this fallback scenario appears to be.

The Editor did not have to wait long before an enormous file erupted into his presence. Since the provenance of this file is very well respected, and it has been made available to the Editor by an equally respected intermediary, the Editor read the file instead of retiring for the night on 25th May. After reading it, he understood how little he has known all along about the magnitude of the United States’ corruption crisis, which can only be explained (as we have done in the past) as an assault by a loathesome enemy, which the Editor continues to identify as Deutsche Verteidigungs Dienst (Dachau), the long-range Nazi strategic deception Continuum, working in collaboration with others in ‘sib’ mode, and clandestinely with the covert continuing Soviets.

UNPRECEDENTED BREACHES OF U.S. NATIONAL SECURITY DUE TO THE CORRUPTION
The penetration and breaches of US national security that we are about to expose here are so vast, unprecedented and pervasive, that to attribute them simplistically to the successful takeover of the Federal Government by the Chicago mafia would be insane.

The source of the file, obtained via the Editor’s intermediary, is Mr Robert Chapman, Founder, Editor and Publisher of The International Forecaster financial newsletter, which has a very good reputation. A former CIA counterintelligence officer (many years ago), Robert Chapman acquired expertise through personal experience as a broker and the former owner of a brokerage.

As a consequence of this intervention, the Editor may be obliged to tweak (but only very slightly) his ongoing, routine denunciation of the CIA as an unmitigated force for evil in the world, a stance that is, in turn, based upon the Editor’s experience and perception that ‘there is no such thing as a ‘White Hat’’. There is, however, such a thing as a former ‘Grey Hat’ that has been bleached White.

By way of introduction, Mr Chapman has just informed his subscribers as follows:

‘A former high-ranking member of the CIA, now retired, who was a career employee, contacted us this week. Due to our reporting on Halliburton and their corruption, we were given 46 pages of testimony on how Halliburton, the CIA, the Pentagon and Bush, Cheney and Rumsfeld have been stealing billions of dollars’ [sic: Trillions, surely: Ed.]. What we were presented with will shortly be presented to Congressman Waxman’s Oversight and Reform Committee in the House’.

‘These 46 pages of step-by-step criminal procedure [form] only part of a larger body of evidence being presented to Congress. What is presented is astonishing in the scope of the crimes and the billions of dollars stolen by these criminals’.

‘The text is raw copy never seen by the public previously. This is a long read, but it reveals the depth of the official corruption within our Government. It is our desire that as many Americans as possible read this report. It is devastating. The writer worked under Porter Goss until August 2004. Vice President Cheney forced Tenet out of the Agency and later [forced] this writer [out as well]’.

‘We have not edited any of the text. It would be presumptuous of us to do so. The writer was assigned the rank of a Two-Star General when lent to the Pentagon by the CIA’.

WE NOW PRESENT THIS MATERIAL FOR AS MANY AMERICANS TO READ AS POSSIBLE
In conformity with the stance adopted by Robert Chapman, and in deference to the Editor’s own distinguished intermediary who sent this material to the Editor on 25th May, we have adopted the following procedure here:

• (1) First, the exact language is retained, with some slight editing and some omissions on grounds of length. Certain intervening meaningless characters implying extraction of the lengthy text from an incompatible program have been deleted;

• (2) The Editor has broken up the text into groups of paragraphs, preceded by cross-heads, to facilitate comprehension of what this document implies;

•(3) The Editor has selected components of the text/testimony verbatim, but has omitted sections which elaborate existing material, the object being to provide an overview of this previously never published ‘hard copy’ information which indicates the catastrophic proportions of the embedded US official corruption while, we believe, revealing only perhaps 1% of what has been going on.

As noted, the Editor read this text in the middle of the night of 25th/26th May, in order to assess what should be done with this material. He decided to post this straight away.

He would add the following:

• There is some very unpleasant detail, which all readers will find unbearable, but which cannot be excluded, otherwise the whole point of this exposure will be lost; and:

• There are clear references to the Illuminati’s satanic activity which, we know goes on behind the scenes and which is addressed in the Editor’s book The New Underworld Order.

But here, at last, we have hands-on, officially-sourced information identifying Cheney as what we always thought he was: a reincarnation of the worst manifestation of corrupt Luciferian Nazism, exhibiting an unrestrained ‘Black’ idolatry of money for self-enrichment, global power and control purposes which has corrupted the entire American Government from the top down. Fish rot from the head, and the stench of this rotting corpse can be smelt all round the world.

CULTURE OF ABSOLUTE CORRUPTION (‘ANOMIE’) REVEALED BY EMILE DIRKHEIM [1858-1917]
It is perhaps surprising that Robert Chapman has not connected this devastating intelligence with the colossal financial corruption crisis that we have been reporting. No criticism whatsoever is intended if we wonder why there is surprise that billions have been stolen by these crooks, when we know now that the sums stolen, diverted and misappropriated under Cheney and Bush (the two most corrupt holders of high office in US history) run into the hundreds of trillions of dollars.

It is also quite surprising that the veteran and extremely accomplished and courageous former CIA officer who has delivered this devastating data (with a great deal more to come) to a Congressional Committee, appears to have been unaware of the far larger, indeed gargantuan financial corruption scams, thefts and diversions over which this same repulsive Cheney fellow has presided in recent years. But what is revealed herewith is evidence of the Bush Crime Family’s underlying, structured culture of TOTAL CORRUPTION (that is to say, of the ‘anomie’ environment initially identified by the French criminologist Emile Dirkheim [1858-1917]), whereby perpetual criminality is the norm, and adherence to the Rule of Law is considered aberrant, eccentric, and worthy [see below] of death.

Congress is deeply compromised, with 1,500+ people on The Hill having been identified in April 2007, as we reported at the time, as beneficiaries of secret offshore bank accounts. Bribery of legislators under Cheney has been extensive.

Therefore, some will ask: what is to be gained from forwarding this deadly information to Congress, where, on the basis of past experience, it is likely to be buried?

Well, by exposing its existence to a wider public on this website, are we not helping to make it essentially IMPOSSIBLE for the Legislative Branch to turn a blind eye any longer to the organised criminality that is herewith identified inside the named US structures, to ignore the conditions for monumental breaches of US national security they have yielded and will continue to generate, and to disregard the associated gross TREASON consequently perpetrated by the President and the Vice President of the United States against the American people?

And would it not represent a display of criminally feckless weakness and putrid co-conspiratorial complacency for the appropriate action against these criminals to be delayed ANY LONGER?

The curtain rises at the beginning of ‘ACT TWO’….

INTRODUCTORY REMARKS AND CONTEXT
Subject: Halliburton Thefts: News from an ex-CIA Insider:

Dear Bob Chapman, I happened across one of your articles on Halliburton. As I am in the process of writing to Waxman’s Oversight and Reform Committee some of what I know about Halliburton etc., I will pass on some of it to you. Please feel free to use it in the interest of the public good.

Sent on Friday 16 May 2008 to:
Chairman Waxman, Committee on Oversight and
Government Reform at http://oversight.house.gov/contact:

Thank you so much for your integrity and work exposing corruption. I collected intelligence in Iraq and Afghanistan for the CIA until August 2004 when I was outed by Cheney for refusing to make propaganda that Iran was developing nuclear weapons. My official title within the CIA was Special Operations Advisor to the Director of Central Intelligence. Since I set up the Remote Viewing Defense protocols for the Pentagon, I was given a title of Remote Viewing Advisor to the Joint Chiefs of Staff and a rank of a Two-Star General in the US military.

That rank was largely a bogus ploy by the Pentagon to get more of my time from the CIA and force me to attend a Joint Chiefs of Staff Meeting once a month. I did so from October 2003 to July 2004.

On orders of my boss, DCI George Tenet, in August 2001 I removed a moving van full of Pentagon
documents showing Defense Contractor kickbacks to Pentagon officials.

I removed them from the Pentagon and they were driven to the CIA.

It took me about 10 days of time to get the Pentagon people to turn those documents over to me en masse. The ethical intelligence methods that I used to do so are beyond the scope of this text.

Alas, the CIA’s intention turned out not to be to expose and correct the corruption, but to cover it up, as judged by later events. Clearly I did not have time to read all of those documents in one week. My job was not to evaluate those documents and address the corruption: it was to run a counter-intelligence type of op. to collect them.

However, I did become aware of the depth of corruption during the course of that week and did read some of them. It is amazing what ended up in print because people in the Pentagon felt so immune from prosecution, especially under Mr Bush Jr. in the White House. The main reason for collecting those documents, I believe in retrospect, was to allow CIA analysts to evaluate how to take business away from other US Defense Contractors and give it to Halliburton and Carlyle-related contractors. [Editor: How this was done si relate din detail below].

‘WAR IS COMING BECAUSE THE BUSH FAMILY WILL MAKE BILLIONS FROM IT’
The mood at the CIA and Pentagon was: war is coming because the Bush Family stands to make billions from it: so get ready. I did come across reports later which confirmed that the documents had been used in that fashion. That is, they were used to blackmail Pentagon officials into ‘working on’ on the Halliburton-Carlyle team, or to judge how much to bribe them to switch to that team. So,
I am afraid, in retrospectively thinking about it, that my actions led to worse, not less, corruption. Certainly that corruption did not serve the US public nor our country’s national security interests.

TENET: ‘THOSE DOCUMENTS WILL MAKE ME RICH’
I want to mention a conversation that I had with DCI Tenet after giving him these documents. The moving van full of them had just arrived at the CIA’s headquarters in Langley. Tenet laughed and said to me ‘You have just given me the keys to the Kingdom’. I guess that I was a bit dense, as I did not grasp immediately what he meant. So, I asked him ‘How?’ He said to me in front of McLaughlin, the Deputy Executive Director (both of whom I knew rather too well at the time), ‘Those documents will make me rich’. Horrified that he might fence them on the black market for cash I replied: ‘How dare you sell them to the Russians’. I believe that some of the documents that I brought back from the Pentagon did get sold to the Russians later to make a buck.

UNVETTED HALLIBURTON AND CACI STAFF WORKING INSIDE THE CIA
[After the officer had investigated suspicious fiddling of work rosters which, to sum up, ensured that only personnel ‘on the take’ were handling Halliburton deliveries…] a CIA official knocked on my office door. That was unusual as there was bold black lettering on the door that no one should knock without the permission of the DCI. That notice had been put up by Tenet because he was
tired of people taking up my time. He wanted it all to himself and his chores. The man then barged in without waiting for a reply from me and stated loudly that I had now been called off looking into supply problems at the Pentagon, not supply problems to the troops.

Since the person I had emailed (details omitted) was in the next office, presumably it was for their ears that he was speaking so loudly. He then shut the door and walked off, again without waiting for a reply from me. That man was indeed someone I recognized.

At the CIA we jokingly called him ‘Halliburton’s Representative to the CIA’. Like his counterpart at the Pentagon, he handled all of the delivery problems for Halliburton products arriving at the CIA. He was paid by the CIA a salary, just like that Pentagon man.

But after looking into their backgrounds I could find no evidence that either had been hired by the
CIA or the military through their personnel depts. Neither had done military training or been trained at ‘the Farm’ as a spy.

The more I looked into that, which I had not been called off of, the more curious it became. Finally, one day months later I knocked on the Halliburton’s Representative to the CIA’s office door. I was surprised when it opened to find not the office of a single man but a whole section of offices. I had worked at the CIA for over 30 years and thought I knew it inside and out.

But a new section had been added onto the other side of that door. Over 40 people worked in it and they were all working for Halliburton while being paid by the US taxpayer as if they were CIA. I checked that carefully. The CIA’s Human Resources Department had no files on them. It had never interviewed them for the job. IT HAD NEVER VETTED THEM. The CIA had a back door in its security created to let Halliburton put anyone they wanted into the hallways of the CIA.

OUTRAGEOUS, CATASTROPHIC ONGOING BREACHES OF U.S. NATIONAL SECURITY
It was an outrageous violation of US national security. And this was after 9/11 and the terrorism scare. I immediately reported it to Tenet and he said ‘Yes, I know’. I checked with the Head of CIA building security and he admitted that he knew too. I asked him what he was going to do about it.

He said ‘Keep my mouth shut so I can stay alive and I suggest you do the same’. That sounded like a threat to me, even though indirectly worded. I asked him who would kill me if I talked about it.

He hemmed and hawed a bit. I asked him if he would try to kill me if I talked about it. He said no but others would. I went fishing and asked: Do you think Halliburton will kill me for it? He didn’t reply. Then I asked ‘Will the CIA?’ He said; ‘Not likely, you are inside the CIA’. Then I asked: ‘Will CACI’? At that, he agreed that they would likely try in defense of their sister enterprise, Halliburton. I asked him if CACI had their own back door into the CIA so that I should be afraid of them while I was inside the CIA. He acknowledged that they did. [Details of the CACI ‘backdoor’ are not revealed in this exposure but will doubtless form part of the further evidence being dumped on Congress: Ed.].

THE PATRIOTIC LONG-TERM CIA OFFICER CONFRONTS TENETCROOK TO HIS FACE
Now back to my knocking on the Halliburton company offices at the CIA. A security guard there immediately asked me for my Halliburton ID. When I did not have one, he asked me if I had an appointment to see someone. I mentioned the name of the man who knocked on my door and that man came out to greet me. He invited me into his office. The furniture in it was better than the DCI had upstairs, though this was on the ground floor. We chit-chatted a few minutes and then I got down to business. I asked him if Halliburton intended to short the troops on their supplies on purpose, or was incompetent. By then I had the evidence in my office that Halliburton was shipping only half of its invoice contents in many of its cartons [which was what this veteran officer had been investigating previously: Ed.]. That was true in the war zones as well.

It had set up the same corrupt system of swing shift receivers [i.e., ensuring that only key corrupt personnel were used to handle Halliburton goods, which was done by rigging the work rotas: Ed.] on at least three continents. They received the cartons and signed that the goods well all received properly. Then the shortages later were chalked up to thefts or war damage, etc. He looked at me awhile before he replied. Then he said: ‘I know nothing about it. I then laid copies of some of the documents that I had on his desk that proved that Halliburton was doing this. He said he would look into it and called security to usher me out of the office.

Later that day (it was after Christmas in 2001) I reported to Tenet that I had found evidence that Halliburton was short-shipping to the Pentagon and the war zones. He at first said, ‘That is nothing new’. And then, realizing that he had just admitted knowing about it without correcting it said, ‘Have a report about it on my desk before Christmas’. He had been saying that probably for weeks and now, under the stress of my asking him about this corruption, he inappropriately persevered that comment. Christmas had passed about 3 days before, at the very least.

When he caught that mistake a moment later, he admitted: ‘I just can’t get rid of that problem’.

I then asked him what he had tried to do about it.

He did not reply. Instead he sent me to speak to another man he said that he had put to work on the problem. Yes, you guessed it correctly: he sent me to speak to Halliburton’s Representative to the CIA. I had just come from his office that morning and I said so.

Tenet played ignorant of the fact that the man worked for Halliburton. I reminded Tenet that I had been asked to show my Halliburton ID to even get to his office. He offered to call down there to make sure I could get in when I went. I told him that it was his responsibility to correct Halliburton’s short-shipping and its invasion of the CIA, not Halliburton’s. He said that he couldn’t because his hands were tied behind his back by the White House. I made a mock walk around to the other side of him to look for his hands tied behind him and said: ‘That is not what I see’. He said: ‘There is nothing I can do about it’. I picked up his phone and handed it to him and said: ‘You can start by calling Congress, the FBI, and the New York Times. They would believe you, if you did so’.

He declined to make those calls. I told him that the head of the CIA should be a man of courage.
But he never did make the calls. I went to my office and started making calls.

First I faxed the documents I had over to the GAO [General Accounting, now Accountability, Office]. I needed to have copies of them outside of my office before it got raided. They were not national security secrets: they were Halliburton short-shipping papers. One of them was even a memo on Halliburton stationery discussing the short-shipping policy and how well it was working to make profits for the corporation.

When I called the GAO to make sure that they received the documents, they checked them carefully to make sure that they were all legible. There were over 100 pages of documents and it took them a while. After they finished they agreed to look for the GAO investigator who had come out to speak to me before [details omitted here: Ed.].. But before they could get him on the phone to me, there was a knock at my door and in barged Halliburton’s Representative to the CIA.

[Now read what happened next… Ed.]:

FLUNG INTO HALLIBURTON’S OWN JAIL CELL BENEATH ITS OFFICES INSIDE THE CIA…
He yanked my phone out of the wall. Then he had his security guards ransack my office and take every shred of paper out of it. Then he had me bodily hauled off to a prison cell located inside the Halliburton offices at the CIA. It was in the basement there. There I was intimidated and my life was threatened. I wondered if it would be ended.

It occurred to me that the CIA head of building security might not know that Halliburton had its own torturers and assassins. I decided to cooperate. I promised not to investigate Halliburton for the rest of the year. I figured that I could keep my promise for the 2 days left in the year. Somehow they accepted my promise and let me go.

I immediately went up to Tenet’s office and complained and showed him the bruises that they had given me. He said: ‘There, there, everything will be alright in the morning’.

That was not true. Halliburton was still stealing the US taxpayer’s dollars in the morning and the troops were still going without. But at that time I was too tired to fight any more that day. I decided to put myself in a place that I could keep my promise and requested leave to fly back to my home in California. Tenet agreed and I managed to get out of the building without further incident. I believe that the GAO still has the documents that I sent them buried in its files.

They started an investigation into it and then it was interrupted. But I believe that they are willing to go forward with the investigation now, if asked to do so. I believe that your asking them to do it would be enough to accomplish that. The GAO has done a lot of good work. You could write a letter to its Head and ask them to restart that investigation.

CHENEY, ON BEHALF OF HALLIBURTON, ROUTINELY BARKED ORDERS AT TENET
It was not true that Cheney stopped running Halliburton [when he took office].That is a complete myth. He called in orders to the man I worked for [Tenet: Ed.] almost every day and sometimes twice or more times a day. He remained the functional head of it in all but name. No one at Halliburton had the power to override his orders. Second, it is not true that he divested himself of the profits of the
company. He merely hid how they got to him through a series of shell companies.

[The veteran CIA officer then explained how in detail how to compare the ‘creative’ accounting software and methodology employed by Halliburton, the CIA and the Pentagon, from which it was possible to identify how the massive ongoing frauds, designed to extract illegal profits out of the Afghanistan and Iraq Wars, were/are perpetrated: Ed.].

CHENEY EMPLOYS FELONS INSIDE THE CIA AND THE PENTAGON
Halliburton rigs a Back Door in the Pentagon Accounting Computer:

It was brought to my notice that Halliburton had already come to the attention of a Government investigator. We have already seen that Halliburton had both overbilled and short-shipped. The buyer was the helpless taxpayer. The investigator worked inside the GAO and had access to both Halliburton’s bills and [to] the Pentagon’s payment of those bills. But there was a problem. Those bills and the payments did not match up. In spite of the bills being grossly inflated in the first place, the payments exceeded the bills! That was not by a little, it was by about 35%.

GAO INVESTIGATOR MADE FULLY AWARE OF THESE ORCHESTRATED SCAMS
The GAO investigator was the same man who had come to talk to me in my office. He remembered me and that I had tried to contact him at the end of 2001. So, he had asked to speak to me by calling the CIA. The CIA would not let my phone ring whenever he called [thereby covering up its ongoing complicity with Halliburton in these scams designed to ‘milk the wars’: Ed.].

But by happenstance one of the many times he tried to call me I picked up the phone to try to call someone else. So, we connected. I agreed to meet with him outside of the CIA and later that same day we met at a restaurant in Mclean, not far from CIA Headquarters. He had with him copies of all of the materials that I had faxed over to him. He started by asking me questions on them and taking notes. He was particularly interested in documenting where I had picked up each document. Then he asked me what I knew of the Pentagon overpaying Halliburton. It had been two weeks since the CIA’s creative accounting department had alerted me to that problem. By then I knew a great deal about how that Pentagon overbilling occurred.

HALLIBURTON OFFICES SET UP INSIDE THE PENTAGON, TOO
Rumsfeld had let Halliburton set up offices inside the Pentagon just like Tenet had let [Halliburton] set them up at the CIA. That was the result of secret Executive Orders signed by Bush, Jr. [Editor: In other words, this organised criminal operation was explicitly authorised by criminalist President George W. Bush Jr. from the outset, who is accordingly being fingered by this courageous former top CIA officer as being vulnerable to the charge of treason, on the basis of these findings ALONE(irrespective of the innumerable other acts of treason that he has committed, and that we have identified in these reports].

I had by that time a copy of that Executive Order [in the singular here: Ed.] and handed it to the GAO investigator along with many other documents that I brought to that meeting. National security was being trashed by the Bush Administration and what I did had the potential to help restore US national security.

None of the documents would have helped the Russians, the Chinese, etc. wage war against us.
I had had that independently verified by CIA analysts before I handed over those documents.

Correcting the theft of funds would help US national security. One of the documents that I handed over was the list of Halliburton personnel at the CIA and at the Pentagon. Their physical offices were together in each location with their own security personnel. I verified that with my own eyes the next time I had occasion to go to the Pentagon 20 minutes’ drive away. In addition, I handed over a document that listed their job titles from their CIA or Pentagon badge application which is all that personnel in those locations had on them. Even a visitor to the CIA had to fill out such a form. The amount of checking on that person’s background to get that badge is a call or fax to the FBI to make sure that they are not on a wanted list. The CIA also checks their name and Driver’s License against its ‘suspected foreign agents’ and after 9/11 its ‘suspected terrorists’ list.

But no-one called to verify that they were not felons who had served their time [in jail] already. Thus, when I checked, I found that ‘Halliburton’s Representative to the CIA’ [the man who had flung the officer into the cell, after ripping the phone from the wall: Ed.] who was then already my boss for 10 hours a week [in a curious twist not covered here: Ed.]. was a felon who had served time on a
felony conviction of fraud.

CIA-BASED HALLIBURTON FELON PARTNERED BY PENTAGON-BASED HALLIBURTON FELON
Not unsurprisingly, then, one of the top men at Halliburton’s Pentagon Suite was his partner in that crime who had also been convicted of a felony. The crime in question was stealing new vehicles bought by the US Army in large numbers while they were en route to be delivered to the Army.

They had then been sold overseas and the profits pocketed [in an exact replay of what went on in the ‘former’ Soviet union after the fake ‘collapse of Communism: Ed.]. His Pentagon badge listed him as an ‘accountant’. I could find no evidence that he had been to business school unless one counted his jail time as that. His resume that I found elsewhere where he served on a board as a Director on a company, listed a business school during the time he spent in prison, about 4 years.

I called up that business school and asked if they had a ‘prison outreach program’. They said no. I asked them if they had a graduate by that name and they declined to comment. But when I faxed them a copy of the man’s resume on CIA letterhead saying that he was posing as a graduate of their school they issued a denial that he had ever enrolled.

I gave all those papers to the investigator. Then I gave him the proof that Halliburton’s own CEO, Cheney, had known that they were felons by the fact that he had blocked a background check on them when they went to a White House function that he hosted. In addition, I gave that investigator the proof in the format of several documents together, which showed that this Halliburton felon posing as an accountant had caused the Pentagon to overpay Halliburton [huge sums of money].

CHENEY DIRECTLY INVOLVED IN EMPLOYING AND INSTRUCTING PENTAGON FELON
The evidence that that Halliburton felon was the man responsible for the overpayments by the Pentagon consisted of four elements:

• First off, I had a memo from Cheney to him that was handwritten in Cheney’s hand and addressed to him personally which directed him to make sure that the Pentagon pays us all that it owes us and then some. The memorandum appeared to have been hand-delivered. The CIA’s internal forgery department verified the note as Cheney’s handwriting and not a forgery. I try to do careful work.

So their statement to that fact was a document that I handed over with the original of that memo.

• The next piece of evidence was a letter sent by that felon to a friend and co-conspirator, in this case my Halliburton boss. In that letter he bragged: ‘I am getting more than we bargained for out of the Pentagon’. It went on to encourage him to meet him to ‘find out how’. I intercepted this letter before it got to my Halliburton boss, copied it and then put it onto his desk. I was thus witting to the fact that they were going to discuss that topic at their next meeting.

• The third piece of evidence was a tape of their conversation at that meeting. On that tape the
Pentagon felon bragged with delight about how gullible people were at the Pentagon. He spoke about his going into the Accounting Department of the Pentagon and making friends with some of them. About how he managed to bring his own programmer in to check the bills from Halliburton on the excuse that they had not been paid on time.

Then his programmer had managed to insert code by calling up the Halliburton computer from the Pentagon’s Accounting Computer to check if all the outstanding bills had been paid. That code put in a back door into the Pentagon’s Accounting Computer, so that Halliburton could later change the amount that the Pentagon would pay whenever they wanted.

The reason that Halliburton had been caught was that someone forgot to change their billings up to what they had put in the Pentagon’s computer.

• The fourth piece of evidence that I gave him was my boss having one of his programmers insert that same code into the CIA’s Accounting computer. I waited until he did it and then I collected the evidence, the code. The code from the CIA’s Accounting Computer with a couple of lines before and after it to show where it had been inserted was the fourth piece of evidence. That evidence was on a computer disc. I had one of the accounting people sign it as coming from their computer.

I had first taken all that evidence to my boss, Tenet, to give him a chance to correct the problem of Halliburton ripping off the American taxpayer via the CIA and Pentagon. He looked at the evidence and said ‘Well, you certainly have done a thorough job as usual’. Then he offered to despatch the evidence over to the White House to ‘correct the problem’.

I immediately picked up the evidence off his desk and, walking out of his office, said that I could do that myself. I did send a copy of the evidence to the White House. I did that after I met with the GAO official. The White House managed to block the investigation.

RUMSFELD AND BUSH PERSONALLY FINGERED MAKING MONEY OUT OF WAR SCAMS
The following section needs to be read as presented because to omit any segment loses the thread and might jeopardise understanding of how the kickbacks were orchestrated:

Was Rumsfeld Criminally Negligent in Protecting US Troops and national security?

This is another case that grew out of my moving documents from the Pentagon to the CIA on DCI Tenet’s orders in August 2001… It was brought to my attention by a Colonel at the Pentagon who handed me a stack of documents ON THE CONDITION THAT I WOULD READ THEM THAT NIGHT.

It was a pretty big stack, over an inch high. It took me until 4 am in the morning before I had a firm grasp on the case he had handed me. Since I was in an office at the Pentagon, it was easy for me to immediately start investigating it. The hour was late, but that was a good time to look for and collect the computer files and other documents that I wanted to go with the Colonel’s documents. By THE morning, I had had no sleep, but I had collected much evidence, and laid it in the inbox the desk of the Pentagon’s Criminal Investigation Unit’s Head.

The amount of evidence was over two inches high of documents and four computer discs, one of which was from the Accounting Office. The Colonel who had handed me that case then spent all morning in that office giving that Head his eye-witness testimony with regard to the matter. That testimony covered only one fourth of the case, and I sent in another three Pentagon officials in the afternoon to flesh the rest of the case out. Having the rank of a Two-Star General was essential to that effort. It would not have happened had I not out-ranked the Head of the Criminal Investigation Unit at the Pentagon, as he was loath to investigate. It would also not have happened had I not also personally breathed down his neck repeatedly during the day, by going in person to check how he was doing. Each time I came by, I insisted that he give me a full briefing on his investigations so far. I did that four times during the course of the day. I did not dictate the content of his investigation, but I did insist that he be vigorous in pursuing it. I mention this practical framework of the case because I am mainly interested in the larger issue that these cases were not getting resolved.

The Colonel giving me the case had been over to that Criminal Investigation Unit several times previously to file complaints. He was never satisfied that they were investigated. I was now able to confirm that. Each time the investigations were dead-ended. It was clear to me by the end of the day that the Criminal Investigation Unit of the Pentagon was professionally dedicated to covering up corruption, not investigating or correcting it. [That’s what it was FOR: Ed.].

POSSIBILITY OF FOREIGN PENETRATION OPS INVESTIGATED
I later took some steps to make sure that this was not due to Russian, Chinese, or other foreign
interventions liable to harm US national security. That I DID have a mandate to do from the CIA,
wherever I went on assignment. That mandate had been put in place by an Executive Order of
President Clinton. It could not be over-ridden except by a duly elected President.

HIGH-LEVEL CONSPIRACY TO DEFRAUD THE TAXPAYER
Thus, I had some discretion to act outside of the direct orders of the Director of CIA, Tenet, or the Chief of the JCS. But I could not press this beyond the limits at which it would break due to political
practices. In the process of that investigation of possible foreign influence behind the corruption, I ran across a wide-reaching high-level conspiracy to defraud the US taxpayer. I will be delineating that further in this series of about 12 cases.

THE DEFECTIVE SAUDI-BUILT GUN THAT JUMPED TO THE LEFT WHEN FIRED
The documents that the Colonel had handed me were on the development and purchasing of a new free-standing artillery unit. The weapon, a piece of artillery, did not function as well as an older brand and it was dangerous to use. Two men had died during the testing of it. But the Pentagon kept on ordering it. The Colonel knew that the problem had to be kickbacks, as there was no other rational explanation for what was going on.

But without that proof, the case was had been repeatedly closed as ‘unfounded’. He did not have the espionage background needed to be able to collect that evidence. As a result he was stymied. By morning I had been able to lay financial transactions on the top of the inbox. They showed that at least two Generals had accepted kickbacks straight into their US bank accounts from that (Saudi) company. Those transactions occurred in the week after they voted to buy more of those artillery pieces. The amounts of the transactions were large relative to their salaries, which is how the CIA gages the effectiveness of bribes.

Any amount greater than 15% of a person’s monthly salary is almost certain to have swayed their decisionmaking processes. In each case, the amount of the transaction was more than the General
made in a single month. A CIA officer accepting that amount of money from the KGB or a foreign
source would likely have had a bullet put through his body by the CIA, or been tried for treason.

Yet, at the Pentagon these kinds of actions were largely tolerated, as if they did not undermine
national security. In order to fight a war effectively the equipment has to work and be safe to use. Selling a secret a foreign power might or might not make a difference in the outcome of a war; not having good equipment was sure to make a difference.

GENERALS RECEIVED KICKBACK MONEY PAID FROM A FOREIGN BANK
In this case, the company making the artillery was a foreign (Saudi: see below) company and the Generals had been paid from a foreign bank. It certainly should have raised a red flag in anyone’s mind. The CIA should have immediately been called in to investigate. But they had not been.

Some months, previously the Colonel had put in a complaint to Rumsfeld about the sheer lack of investigation by the Pentagon’s Criminal Investigation Unit on this case. In it he had cited the fact that the company making the artillery was a foreign one and raised the issue as to whether it was a
deliberate attempt to sabotage US national security by selling them ‘worthless junk’.

He had asked Rumsfeld refer the matter to the CIA. That had not happened. By the afternoon, I had the financial records to show that FIVE Generals had received sizeable kickbacks from that foreign
corporation in the week after the vote to place the order. In addition, I had the signed confession of one of those men. I did not use threats or torture to get it. I did use friendly persuasion. Not only did he confess, but he admitted in writing that there was a conspiracy to ensure that that group of
Generals got the kickbacks. They had met not just once, but at least twice to conspire on how to ensure that the order went through. Rumsfeld had cancelled a competing meeting that had dealt
with national security issues, without explanation. That allowed two further Generals to attend the
second meeting. There were six Generals at that second meeting, if I remember correctly.

SIX CORRUPT GENERALS RESIGN QUIETLY
The next day they quietly resigned in the face of the investigation. One of them told me privately but refused to put it in writing that Rumsfeld had cancelled the competing meeting ‘in order for us to organize and get that artillery approved’ for Pentagon purchasing. The next day, that Colonel brought me ten similar cases, since I had solved that one to his great satisfaction. It was my last day
at the Pentagon on the assignment to pick up the documents Tenet ordered me to collect.

FOREIGN COMPUTERS WITH BUGS SOLD INTO THE PENTAGON FOR KICKBACKS
I did not have time while at the Pentagon to solve them, so I undertook to mentor the Colonel in how to collect the evidence of the bribes. During the course of that day he managed to collect
evidence well enough to resolve one of those ten cases ad hoc. The guilty party also quietly
resigned. He, too, had been bribed by a foreign company. At least, in that case, the product
worked. It was not a case of the Pentagon ordering the product. It was a case of him selling
them on the black market from his office inside the Pentagon to other Pentagon officials.

The product was a foreign (Japanese) lap-top computer. Military secrets were almost sure to be put on them given the location that they were sold into. They had not been vetted by the Pentagon to ensure that they did not have a back door on them to allow the files, conference calls, and voices
within range of them, etc. to be transmitted back to that foreign country. They were popular at the
Pentagon for their advanced conference video call capacities. I took one of these computers back to the CIA with me, where it was verified that the laptop did have the function of acting just like an
advanced bug to steal files, audio, and photographic images.

The optics on it were advanced enough to read documents off the desk of and wall behind the user! It automatically turned itself on and focused on text. Even before I verified that the laptop had been designed to steal military secrets, it was clear from the outer circumstances that that was likely to be the case. Otherwise, why not sell it into some other location? The laptop cost a lot more with those advanced spy systems on it than a regular user could afford. That was why it was only offered for sale inside the Pentagon: the foreign country was paying so that it could be sold very
cheaply and would out-compete other laptops at the Pentagon.

RUMSFELD BLOCKS INVESTIGATIONS: GREEN LIGHT FOR CONTINUED CORRUPTION
About 500 of those [foreign, specially equipped] laptops had already been sold at the Pentagon. The Colonel had pressed the Criminal Investigation Unit to investigate those black market sales.

They had not done so, nor had the matter been referred to the CIA for investigation. The Criminal Investigation Unit was not willing to press charges even after being presented with the evidence that the Pentagon official had taken a foreign bribe. I could not press the issue any further because Rumsfeld had overruled me. He had already sent the Head of the Joint Chiefs of Staff (JCS) down to the Criminal Investigation Unit’s Head to tell him not to prosecute the six Generals.

I had called Rumsfeld while he was in his office to protest [but] he had refused to take my call.

Rumsfeld nixed actual prosecution of our cases but we still managed to get the resignations.
Rumsfeld blocking the prosecutions gave an ongoing green light to corruption at the Pentagon.

I did collect the evidence that Rumsfeld sent General Shelton, the Chief of the JCS, down to
prevent the prosecution of the six Generals. I collected a copy of Rumsfeld’s phone call to
Shelton. In addition, I collected the security camera evidence that General Shelton promptly
went down and talked to the Head of the Criminal Investigation Unit. The action that the Head took in not prosecuting the six Generals or the laptop-selling official speaks for itself as the evidence.

In addition, I collected evidence that that Head of Criminal Investigations had not prosecuted a number of other corruption cases in which the evidence of guilt was very abundant and solid. Furthermore, I had collected a van load of corruption related documents which proved that corruption was widespread at the Pentagon.

My orders from Tenet were to deliver those documents to the CIA. There was nothing in those
orders that prevented me from xeroxing as many of them as I could xerox without delaying that
delivery past the time that Tenet had requested delivery. I had been in the espionage business
collecting documents for over thirty years. When doing so will aid national security, one has a
duty to collect them and try to deal with them in a way that accomplishes that objective. It should
therefore not surprise anyone, that I had ALL of them xeroxed during the course of the 10 days
that they were collected. That is, although it was clear to me that I could not get the corruption
appropriately dealt with at the Pentagon, I still had hopes that one day I’d be able to somewhere
succeed. There were a number of moving vans removing documents from the Pentagon on that
day. I had already stated that this was only one of three categories that Tenet ordered me to
collect. I thus had the cover to load one van full of the copies of the corruption documents.

WHITE HOUSE, TENET, RUMSFELD, JUSTICE, FBI BLOCKED INVESTIGATIONS
The question was where to send it to get the corruption cases prosecuted. I did not have a good
answer to that. I sent it to an Army base where I trusted the integrity of the army commander to
secure it, until I did have a good answer to that. It is still intact at that Army base.

The cases, many of them, have grown old. But as I looked into the matter of how to get them prosecuted, the facts were not encouraging. The White House was against it. My boss Tenet was against it. Rumsfeld was against it. The Head of the Joint Chifs of Staff was against it and the later replacement was not for it, either.

The Justice Department had not investigated the obvious Halliburton corruption and put them out of business and some of their personnel in prison, as it should have done, on the evidence.

Before I left the Pentagon I sent that evidence by courier to the Director of the FBI. Mr Rumsfeld’s corruption was happening in the United States and it was within the jurisdiction of the FBI, not the CIA to follow through on it. When the FBI did not act to enforce the law appropriately, that was more evidence of a conspiracy at levels above Rumseld to allow corruption. That artillery case should still exist in the files of the Pentagon. That case is relevant evidence in the larger case of whether the US Administration is criminally negligent in not prosecuting corruption cases. I allege that it is, and that its failure to do so has led to the death of US troops from faulty and shoddy equipment.

The two men who died in the testing of that artillery [piece] should not have died. Earlier tests of the artillery had shown that it ‘jumped’ to the left when fired, nearly 20% of the time. It was a very heavy piece of equipment. On the earlier tests it had injured about 25 men and sent a handful of them to the hospital. When the heavy gun jumped as the man looked through the sighting, it had caused brain concussions and knocked men unconscious.

Other serious injuries were the result of the artillery falling over onto the person firing it. In one of those incidents the artillery piece had caused massive haemorrhaging into the soft tissue of the leg. The man had had to be hospitalized. If I remember correctly, he had had to undergo emergency surgery to repair a rupture to his femoral artery. That crush injury to his artery was so severe that in the medical report I read the surgeons had considered amputating the leg.

Engineers evaluated the artillery and decreed it ‘unsound’. They cited that it was poorly designed and poorly manufactured. It was made in a foreign country where manufacturing processes were substandard as a general rule. They had written that the artillery piece was unstable on its base even when not being fired. And they had speculated that it jumped to the left because the quality control at the factory was so poor, that the bore was not straight. There was not a single reason, not even a cheap price, to recommend it for purchase by the Pentagon, based upon the objective evidence that I read. Yet the testing of it were continued, even after it was clear that it was shoddy equipment and unsafe. That happened because obvious corruption was not corrected.

DEFECTIVE ARTILLERY PIECE MADE BY PART OF THE CARLYLE GROUP
The maker of the artillery piece was part of the Carlyle Group. That was a clear conflict of
interest for a sitting President to be making money from weapons that were being sold to
the Pentagon. It was not until I returned to the CIA that I was able to confirm that the US
Administration was making money off the sale of that defective artillery piece.

PAYMENTS CHANNELLED VIA CIA SHELL COMPANIES FOR BUSH, RUMSFELD ACCOUNTS
The money made from the sales of the artillery item had a pathway to the Bush accounts. It took me longer to collect the banking records which linked the sale of the weapons to the Pentagon, to the exact payment amount into the Bush accounts. It was while I was writing software to query the CIA’s creative accounting computer that I came across the transactions. CIA shell companies were used to hide the funnelling of the money from the artillery manufacturer to Bush’s accounts: 9.6% of the Pentagon’s payment for the defective artillery piece ended up in President George W. Bush Jr.’s private accounts. About 2.4% ended up in Rumsfeld’s account.

Rumsfeld had, according to the Pentagon documents that I later obtained, taken several steps that indicated that he knowingly endangered the men’s lives. His signature was on a memorandum that directed many more of the artillery pieces to be ordered and ‘retested’, even though one man had already died from being crushed beneath it when it jumped to the left. If I remember correctly, the number ordered was 1,000. It certainly seemed excessive for testing purposes, given that nearly 20% of the previous batch had ‘jumped’ to the left. The sight for the artillery piece was on the left, so there was no way to reasonably fire it without being at risk of bodily harm.

FAULTY EQUIPMENT DEATH COVERED UP: DEATH CERTIFICATE FORGED
It was clear that Rumsfeld already knew about the first death; for he had signed a previous memo ordering people not to talk about it. In addition, he had taken steps to ensure that the first death was not properly investigated. I had been told by a Pentagon official who overheard it that Donald Rumsfeld had told a member of his staff to list the death as an ‘Off-Duty’ death. The official was one of the three I sent in the afternoon to give his statement. Further proof of that reality was that the form was signed by a member of Rumsfeld’s office. Normally, that form should have been signed by the dead soldier’s Commanding Officer. Rumsfeld had the power to override that long-established standard operating procedure, but his staffer signing that form did not.

Since that form should have been signed by a Commanding Officer and the staffer was not one,
it appeared that Mr Rumsfeld did not sign it, in order to avoid having his name attached to that
blatant lie. When I checked the Death Certificate, it listed the cause of death as MVA (for Motor
Vehicle Accident). Yet, many military officers had been at the test and in the record of the test
they had written that this man had been crushed under the artillery piece. It also recorded that
he had been sent to the hospital. I verified that the hospital received him from the ambulance
shortly after the test and that he died at the hospital soon thereafter.

The Death Certificate appeared to be a forgery or faked as it was dated two days after the hospital records showed that he died. Also I could not find a physician by the name of the signatory of the death certificate at that hospital. There was a physician by that name in the United States; he only worked inside the Pentagon. He was the physician who attended Rumsfeld whenever he was sick inside the Pentagon, but not when he was outside the Pentagon. The man who died was stationed on a base in another state: if I remember correctly, in Maryland at Edgewood Arsenal.

There was no record of his ever being inside the Pentagon: so the Death Certificate thus appeared to have been signed at the Pentagon with that cause of death per Donald Rumsfeld’s orders. That evidence strongly suggested that Rumsfeld tried to cover up the death of the first man as having been due to that artillery piece’s defects… The artillery piece was manufactured by a Saudi Arabian company with close business ties to the Bush Family.

DEFECTIVE FOREIGN EQUIPMENT AND FOREIGN PENETRATION FOR PROFIT
The Saudi Arabian company were having financial trouble because they could not find a market for their products. Their products had a bad reputation in the Defense Industry. A video clip I watched at the CIA which showed their table set up at an outdoor Defense Contractor’s Weapon Expo held in Saudi Arabia, showed that people purposely avoided stopping to look at their table. It was not a subtle finding. The table next to theirs was doing a brisk business. I allege that Rumsfeld knew the poor reputation of this company when he placed the order for about 1000 more of these defective artillery pieces. The Pentagon keeps lists of its preferred companies, and of companies to avoid purchasing from. That company was on the Pentagon’s list to avoid. Rumsfeld had to sign a ‘waiver’ in order to make that purchase of the artillery that killed that second man. That, in my opinion, was criminal negligence. And it was criminal negligence in which he personally took a kickback.

TENET WAS NOT INTERESTED IN THE NATIONAL SECURITY IMPLICATIONS
As to the laptop case, the company making it was Japanese. The case is quite troubling in light of the violation of US national security. Mr Rumsfeld, by not investigating and prosecuting corruption cases, left the Pentagon open to any agent of a foreign power with money in their pocket. Thus his actions which disabled US national security in practice had both active and passive components….

I did brief my boss, DCI Tenet, on my findings above after I had determined their national security implications. He showed no great interest in my presentation and rushed off in the middle of it.

He declined my invitation to reschedule that briefing twice. It was clear that he had no intention of seriously trying to correct the problems, even as they related to the foreign penetration issues at the Pentagon.

1000 TOASTERS COSTING $19.95 SOLD TO PENTAGON BY HALLIBURTON FOR $1,891 EACH
The former high-level veteran CIA aide to Tenet now related a detailed investigation into a batch of toasters (yes, those breakfast slot machines that toast bread) which were stolen from a warehouse in Indiana by operatives employed by a Halliburton subsidiary who were dressed up as FBI agents, which Halliburton sold to the Pentagon for $1,891 each.

In the course of this investigation, the officer discovered that goods ordered were not examined physically, but that corrupt ordering was routinely conducted exclusively on the basis of fabricated, computerised paperwork. In other words, no-one checked the actual item purchased: they only handled the paperwork. When challenged in respect of this very low-value toaster, Halliburton personnel started inventing alibis to the effect that the toasters were manufactured from titanium and other special materials, which accounted for their high cost.

The Halliburton-generated list of component parts for these toasters exceeded 200, whereas when the investigator had one of the units deconstructed, it was found to consist of 14 separate tawdry sub-components. This particular corruption investigation became so complex that at one stage it interfered materially with an investigation that the officer was conducting into a mole working for an unfriendly government who was carrying documents out of the Langley front door every day.

When the veteran CIA officer informed Tenet that the investigation into Halliburton’s fabrications over the toasters was affecting national security because the urgent necessity of preventing the mole from stealing more documents was being frustrated daily, he expressed little interest, being preoccupied only with covering up the Cheney-directed corruption.

THE MOLE CASE THAT WAS LESS IMPORTANT THAN THE TOASTER COVER-UP
We now move to the section of this report which demonstrates that US national security has been directly and maliciously compromised as a specific consequence of this corruption, controlled by Unterreichsführer Cheney. At the time of this posting, it is reported to us that Cheney remains in detention, but it is not known for what he may be being held, in addition to his serial corruption in blocking the Settlements. But given that the Editor of this service has been able to publicise this information, which was sent to him on 25th May, it is hoped that any intention that may be floated to release him following the Settlements, or to allow him to resume his post, is squelched purely on the basis of these allegations. Consider the extreme gravity of what now follows.

[The former CIA top-flight aide to Tenet had been devoting a huge amount of time to investigating, and proving out, the ongoing fabrication of invoices and related documentation on a massive scale in general, and the ludicrous toaster scandal in particular, when the extreme, immediate urgency of investigating the mole (who turned out to be a Halliburton employee, protected by Mr Cheney: see below) was known at the highest level (i.e. by Tenet himself): and yet this DCI was preoccupied with the necessity of covering up internal corruption controlled by the Cheney and Rumsfeld gang, and condoned by the FBI and the Justice Department when the United States’ national security was being severely compromised not least because, knowing about all this corruption, the Russians had no difficulty in blackmailing Halliburton employees for their own espionage purposes]:

Now I want to talk more about the mole problem as it is very relevant to this case. A mole is a person inside an agency who is acting as a traitor to give secrets to a foreign power. The motives can vary and include bribes or blackmail. The CIA knew that it had a mole because it knew that the
Russian Embassy in Washington D.C. had recorded the news of just-delivered CIA documents.

I had been assigned by Tenet to investigate who that mole was, starting just before I was handed
the Halliburton factory problem by ‘HallCIA’ [an investigation connected with the issue of ‘phantom factories’, a favourite Halliburton scam: not covered here]. I was then required by Tenet to keep working on the Halliburton problem until it was finished at about 2 pm. Then I was exhausted and went home to sleep. The next day I procured that the FBI with a warrant would raid a flat looking for CIA documents. I was present at the raid and we recovered the CIA specifications for the CIA’s communication satellite that NASA had just launched into orbit. That included the security codes for the encryption algorithms which were set at the time of launch.

The launch took place in the morning after the FBI DID NOT arrest ‘HallCIA’ [the CIA veteran’s codename for the Halliburton suspect: Ed.] while I was still forced to work on Halliburton’s book cooking project. Those security codes meant that someone could change from the ground the
encryption codes to their own codes and then listen in to everything the CIA said to its stations overseas. In essence, it was like inserting a huge bug into the CIA and all of its stations. It was an
extremely serious violation of US national security, one of the most serious in the history of the
CIA, had it not been caught. It was later verified that although the documents were recovered, the mole had already faxed those security codes directly to Moscow soon after the launch.

MOLE WAS AN UNVETTED HALLIBURTON EMPLOYEE: FAXED SATELLITE CODES TO MOSCOW
The mole was a Halliburton employee who had never been vetted by the CIA. The Russians had approached him and offered him money. In addition they had offered not to expose his criminal background [which they knew all about: Ed.]. He was clearly a prime candidate for blackmail by the
Russians; keeping his job meant having to hide his felony conviction [see above: Ed.].The CIA had not run a criminal background check on all of these Halliburton employees: but, of course, the Russians had. The CIA has rules that prevent it from hiring drug-takers for the same reason; they are much too high a blackmail risk, and thus a mole risk. Since the CIA never vetted the Halliburton people, they never even asked them if they took drugs under a lie detector test like they normally do. And the CIA never even did drug tests on the Halliburton people.

CHENEY PROTECTS MOLE WHO SOLD THE SATELLITE’S CODES TO MOSCOW
When I showed Tenet the documents that I recovered from that Halliburton operative’s flat he was shocked. He immediately called the Director of the FBI and thanked him for his help in recovering
them. I asked Tenet to ask the FBI Director to arrest the Halliburton traitor. Tenet sent me out of the room to discuss it. He called Mr Cheney. Cheney told him no, that man was his friend and that they could never arrest him. The phone was on speaker and I heard everything. I cried for my country that it had been taken over by crooks who were traitors as well. I could not stand to stay in such a corrupt institution and under such a grossly corrupt government. That was the moment in 2002 that I decided to leave my country [the veteran CIA operative fled to Canada]. After the CIA knew that its new satellite’s security codes had been stolen, it had to figure out what to do now. It decided that it could not use that satellite because its security had been too compromised. That satellite cost the US taxpayers over $3.6 billion dollars. It sits in orbit unused.

The man responsible for that was the man I called on these pages ‘HallCIA’. I have not used his real name because Cheney threatened to kill me himself if I ever mentioned his name or the names of his partners in crime. [This threat was later supplemented by a further direct threat by Cheney to kill the officer personally, recorded at the end of this report. It is interesting that Cheney appears to have been in the habit of threatening to kill his ‘enemies’ personally, suggesting that this may not be a new experience for this sinister character: Ed.].

Editor: The grim summary just given above reveals that the presence inside both the CIA and the Pentagon of a Halliburton suite of offices is not just a gross breach of US national security per se, but has actually been associated with a penetration and security breach of the gravest proportions, and that Vice President Cheney, informed of this scandal, refused to allow the arrest of the mole and has presided over this quite unprecedented degradation of US security. He is therefore a traitor to the United States on the basis of that one case alone. What more evidence is needed?

‘DETENTIONS’ MUST BE FOLLOWED BY IMPEACHMENT: NO MORE PREVARICATION
Not only, therefore, have we been justified in stating that the US Government is run by criminals, but we can now state that there is every indication that these criminals are directly associated with the gravest possible breaches of US national security, which clearly mandates that they should be processed for treason IMMEDIATELY. If Mr Cheney has been or is being held in the context of the Settlements, treason should be added to his charge sheet anyway. Under no circumstances should this man ever be released. Furthermore, his boss should be taken into custody without further ado.

It’s no use fretting about whether the Republic can stand such an upheaval as would ensue from pursuing such a course. The United States is robust and very mature. Now that these exposures are ‘happening’, the time has passed for inaction, or brushing these inconvenient realities under the carpet. The ‘failure to confront’ can no longer be excused or condoned.

And remember: we have suggested that what is being revealed here cannot represent more than 1% of what will flood out ‘in the wash’. The Editor recalls the operative, ‘working for’ Bush Sr., who said: ‘None of this must ever come out, you understand’. Sure, we understood.

The stench of corruption has spread around the world and is especially pongy in Whitehall, which is why the Editor would like to see some ‘real consequences’ in the United States.

Complacent, corrupt Whitehall bureaucrats might then start to get the message, too.

But it gets much worse…

THE HALLIBURTON DRUG THUG AND THE STOLEN FEDERAL SALARIES SCAM
The former top CIA aide to Tenet and 30-year CIA veteran now reveals the criminal background of ‘HallCIA’, the thug who yanked the officer’s phone from the wall, ransacked the CIA operative’s office, had the officer incarcerated in Halliburton’s own cell in the basement of CIA headquarters and on a separate occasion punched holes in the officer’s office wall, displayed episodes of extreme violence and was observed by many to be high on drugs. He was also a murderer….

This was the criminal whom Cheney asserted to be a friend who could never be arrested. This description leads into a summary of another scam, whereby multiple salaries are paid into corrupt Halliburton employees’ secret Swiss bank accounts:

‘HallCIA’ and the Head Programmer were moved back to Halliburton’s main office, just like the priests sexually abusing children are moved to a different parish.
They were never prosecuted…

[Dressed in FBI uniform provided by Halliburton, the operative is engaged in an FBI action to arrest this Halliburton thug], He was arrested for FIRST DEGREE MURDER OF AN FBI OFFICER. I had proof that the FBI officer that he had murdered was a bona fide one with proper papers and vetting in the FBI’s personnel archives. The FBI had fingerprint and DNA evidence to prove that the Halliburton programmer was the murderer.

They even had a trial and a conviction of the man for that murder.

He had feigned a fainting episode right before the reading of the sentence and been taken to a hospital. He then assaulted the hospital guard inside his room and left him unconscious in his bed. Then he impersonated the guard using his uniform. He later went to a lawyer who put in a motion to declare the trial a mistrial on the grounds of a technicality: the defendant had not been present at the reading of the sentence. The fact that the criminal had committed a second nearly deadly assault the same day in apparent good health, was omitted from that motion.

The FBI-clandestine CIA raid that I organized was on the private flat of ‘HallCIA’. It was not at his house where he lived with a prostitute whom he pimped, according to a CIA file. He did not keep his contraband items there as there were too many unsavory people coming through his house.

WHAT THE FBI FOUND IN THE CIA-HALLIBURTON DRUG THUG’S APARTMENT
At the flat the FBI confiscated drugs in pusher quantities and also illegal weapons, including some unregistered machine guns, explosives and hand-held artillery that could blow big holes through a wall for illegal entry. He had one bedroom devoted just to weapons, with shelves devoted to about half-kilo packages of drugs. It was equipped with a padlock. CIA top secret documents were strewn all over the bed, dresser and floor of the master bedroom.

It looked like a hurricane had hit the bedroom even before we arrived. The padlock was broken on the door to the weapons and drug room and the door was open when we arrived. But all the drugs were still neatly on the shelves. The flat may have been raided by Russian intelligence before we arrived, leaving the CIA documents behind as cover-up after copying them.

The FBI collected fingerprints and I collected the CIA documents. After the raid I returned to the FBI station and filled in the appropriate forms to write a FBI report up on the raid. As I was doing so, the two FBI officers who I had spoken with two days before walked by the desk I was using. They did a double take seeing me in the FBI uniform…. I told them that I had just tested FBI vetting and security procedures for a report I was writing for the CIA. I also explained to them that I had just successfully impersonated an FBI official to the extent of going on a raid with them, and not one had yet asked for my name or run it through a background check. I showed them the CIA top-secret documents the raid had netted and they laughed at the ruse I had played on the FBI.

They were not laughing, however, when I explained how I had gotten that FBI uniform and signed the papers. They checked on their computers; I was not yet registered on the records of the FBI.

I asked them to arrest all of the appropriate Halliburton people involved in that scam. They called
the Director of the FBI and I also spoke to him. He refused to authorize the arrests.

He told me: ‘Write up your report and let me read it first’. I offered to drive over immediately with
the evidence. He refused to make any time to see me. I immediately faxed him a short report and enough evidence to warrant the arrests. Nothing happened.

MULTIPLE SALARIES PAID INTO SWISS BANK ACCOUNTS
But the next day when the local FBI checked my name again, they called me to let me know that I was officially part of the FBI now per their computer. I promptly sent in a full report to the FBI, the CIA, and the Pentagon on this scam to sign up Halliburton employees as their officers and have the US taxpayer pay their salaries. Just like Halliburton over-billed, some Halliburton employees were
collecting THREE US Government salaries; one from the Pentagon, one from the FBI, and one from the CIA. I wrote in my report that I had signed up in all three places via Halliburton’s scam to see
how long it would be before those scams were stopped.

I put on the three forms, separate Swiss bank accounts. The point was to use the accounts as evidence of Halliburton corruption when those cases came to trial; I have not touched a cent of that money. The Directors of the FBI, the CIA, and the Chief of the JCS that I sent those reports to did not implement my list of recommendations; one of them was to shut down all of those public salaries going to Halliburton employees. At least, they had not been implemented as of about Summer 2004 when I last checked those accounts.

Another recommendation was to make sure that everyone in those agencies is properly vetted and drug tested as per that agency’s usual security measures. Because I was concerned that my clear recommendations would not be acted upon, I despatched copies of those letters, the forms that I had signed, and the numbers of the Swiss bank accounts to the GAO. In my covering letter to the GAO I told them that I had given them the authority to check the balances in those accounts by written authorization to the Swiss bank.

I had hoped that seeing US taxpayer’s money streaming into those accounts would give them an
incentive to prosecute those cases promptly. Since the banks were not in the United States, I doubt that coercion applied to the bankers will erase those accounts, but I could be wrong. Since I had long been a covert CIA person, those communications with officials and the banks were under
aliases. The GAO however has all of the proper information to check those accounts again and to
prosecute these cases. I myself no longer remember any of the aliases and account numbers, so I
couldn’t access that money even if I wanted to. I never intended to use that money at all, so I did not record those aliases and numbers into my personal effects.

In 2004 when I checked the accounts, I did so from within the CIA by pulling up the report that I had written to the DCI. I have no way to check those accounts now so I do not know whether that scam, as evidenced by a single person’s accounts, has been stopped. When I checked in 2004, two years had already passed. The US taxpayer had paid [as follows]: via the CIA, about $80,000.00 each year, for a total of about $160,000.00; via the FBI, about $50,000.00 each year, for a total of $100,000.00; and via the Pentagon, about $80,000.00 each year for a total of about $160,000.00, or roughly $420,000.00 total into those three Swiss accounts…

I also checked on whether Halliburton continued paying those employees if it signed them up for a Federal salary. The answer was no, except for rare exceptions. ‘HallCIA’ had continued receiving a
Halliburton salary while getting one at the CIA, but the Head Programmer had not.

When I checked in 2004 the number of Halliburton employees getting a CIA salary was over 200, the number receiving an FBI salary was over 400, and the number of Halliburton employees receiving a Pentagon salary, was over 300. Suppose that the total for that is about 1,000 salaries each at, say, $50,000 a year. That would mean that the US taxpayer was being bilked (by Cheney) of $50 million a year of fraudulent salaries. Over the eight years that this Cheney has been in the Vice President’s office, that could easily add up to $400 million in savings for Halliburton in not having had to to pay salaries. No wonder it was so easy to get that FBI uniform and salary sent out to me by talking to a Halliburton VP. Other Halliburton programmers had complained to me that they took a ‘cut in pay’ to work at the CIA location. They said that ‘the takings are good’, and ‘Halliburton fences the items for us in a 50-50 split’.

HALLIBURTON’S THIEVES INSIDE THE CIA AND THE INEVITABLE CONSEQEUENCES
When I heard that Halliburton’s people were stealing from inside the halls of the CIA, loud alarm
bells went off inside my head. The items inside the CIA which were easiest to carry out were of course its documents.

And any computer that one stole inside the CIA was likely to have top-secret information on it, in spades. It was a counterintelligence person’s nightmare, and now it was mine. The fact that the Head of the Halliburton section offices at the CIA had just sold the CIA’s communication satellite encryption security codes to Moscow burned in my mind.

The Russians had paid him $20,000 for that betrayal.

He had no clue as to their black market value. It made me worry that the Russians and the Chinese could buy every secret inside the CIA for a price that they could afford. More than one Halliburton person inside the CIA had admitted to me that they were stealing to make up for their cut in pay. Halliburton had switched them to Federal salaries, making the CIA pick up the tab [see above].

One Halliburton person at the CIA had told me that they were all stealing enough to make up for that cut in pay. [They were ONLY in it for the money: taking their cue from Cheney and Bush: Ed].

Therefore, the first thing I did was to find out what those 40-odd people used to earn at Halliburton. I had the CIA’s accounting office print out for me what the CIA was now paying them. My mouth then dropped open in shock. Each one of them would have to steal over $10,000 worth of CIA secrets or goods a year to break even. In some cases the cut in pay was much higher. One man took a $50,000 a year cut in pay when he switched to the Federal salary. At the average $23,000 cut in pay, the 40 workers together had sustained a $920,000 cut in pay. I had been told that Halliburton was fencing the goods in a 50%-50% split. So, about 2 million dollars’ worth of good at black market prices would be stolen from the CIA, if they actually made up their lost salaries stealing.

[There followed a summary of the notorious Aldrich Ames, Clyde Conrad, Larry Wu-Tai Chin, John Anthony Walker, and Robert Hanssen espionage cases, omitted here]

On February 22, 1994, Ames and his wife were formally charged by the United States Department of Justice with spying for the Soviet Union and Russia. Mr Ames could have faced the death penalty, since his betrayal had resulted in CIA ‘assets’ being killed. However, he received a sentence of life imprisonment, and his wife received only a five-year prison sentence for her conspiracy to commit espionage and tax evasion as part of a plea bargain by Ames.

TENET AND CHENEY REFUSED TO ADDRESS THESE ISSUES
I walked down to the office a very high-ranking CIA analyst, about third in the hierarchy in that department, a man I trusted. People advance inside the CIA by one of two means normally, being very good at what they do or being very good at lying to please those above them. The heads of each section were often in the latter category, as a general rule. I asked him how many secrets the Russians could buy for $2 million a year, if they had 40 moles able to walk the halls of the CIA. In the posing of the question I explained that the hypothetical moles would be assumed to be ‘efficient’ criminals without formal espionage training. I asked him what effect that would have on national security. He asked me if this was a conversational gambit or a request for a formal report to answer my question. I thought about it a moment and then said the latter.

That meant that I had to go get a signature on a form. By submitting to Mr Tenet new requests for 10 separate reports on a wide variety of important topics, I quickly brought the analyst the signed form that he needed. He whistled in surprise when he reviewed the assignment given to him there in black and white. Then he asked me ‘Is this about the Privatized Employees’ invasion of the CIA?’ I said yes. He said: ‘I have been urging Tenet to let us study that risk for months. No go. How did you get this when I couldn’t?’

I explained to him my method and also that the Head of the Halliburton group had just sold the CIA’s Communication Satellite Encryption Security Codes to the Russians.

He hadn’t heard that [because] Tenet had put a lid on it even within the CIA. I promised to show him the proof. I came back and gave him and a few of his top staff an hour long briefing on what I had learned. One man was actually in tears as I finished.

Another said: ‘This marks the end of US national security’. Another said, “No. US honor died already and no memo was sent announcing its funeral’.

I asked them what information they needed to make a proper assessment. They said that it would help them if I could find out how much the 40 people were actually making off their thefts inside the CIA, and a list of what they were stealing. I came back the next day with the list of how much each one had been paid by Halliburton in ‘bonuses’, which was the code word for fenced items, and what each ‘bonus’ was for. That list of what each bonus was for was like what the programmers really did in morphing an appliance rack into a bread slice rack. It was not a specifically accurate description but it related to the item in a fairly straightforward way.

CHENEY WAS INFORMED IN A RECORDED PHONE CALL
I showed the list to Tenet and tried to brief him on how dangerous it was.

He did not want to hear. Tenet had not followed my recommendations, which would have stopped the thefts. And he did not want further reasons why he should do so… I called Cheney and begged him to send a memo over to Halliburton setting up a program to [address these extremely serious issues]. I even faxed him a memo so that all he had to do was sign to get that to happen.. He did not deny that Halliburton was selling items stolen from the CIA. He did not deny that he had the power to impose the necessary changes at Halliburton by sending the memo. He did not deny that he had the power to order Tenet to institute effective measures to stem the tide of the thefts.

As the phone recording of that call shows, I kept briefing him on the problem while he kept saying that he refused to discuss the matter with me.

I sent a copy of that call over to the GAO because it showed that I had in fact managed to inform Vice President Cheney of the seriousness of the thefts. In that call [to Cheney] I cited that the likely
consequences were the shredding of US national security and the unnecessary deaths of its covert
personnel. I also set up a surveillance operation behind Cheney’s and Tenet’s back to actually inspect each item that Halliburton fenced from the CIA.

COUNTERINTELLIGENCE OPERATION AGAINST TENET AND CHENEY BACKFIRES
That is, I had an ex-CIA operative with counter-intelligence experience whom I trusted, apply to Halliburton. I instructed him to offer to ‘help them fence their CIA goods and get higher prices for them’. Call him Alan for short. A Halliburton VP, the same one who sent me the FBI uniform, sent me a ‘thank you’ letter for referring Alan to them. He no doubt believed that I was corrupt and making a kickback. It was to my advantage to foster that image of myself without it actually being true. In my position it was best if everything I did could be interpreted as corrupt at the same time that I was collecting the evidence for prosecution.

That operative, Alan, ended up terribly overworked in no time. The analysts and I had been off by a factor of THREE in the amount that was routinely being stolen by Halliburton from the CIA.

We did not find that out until the Halliburton people realized that they could get more money by making sure that Alan sold the goods for them. That meant Alan had to sell them at on average much higher than twice what they could get for them themselves, even by selling directly to the Russians. That was not as hard as it would have been with regular stolen goods; the Halliburton people did not know their true worth on the black market… Alan could make a better profit selling a document to a rich government such as France, which would have been very bad in the hands of the poorer Chinese or Russians. Before that, Halliburton had sold mainly to the Russians. [Editor: Further allegation that Halliburton has sold CIA secrets to the Russians].

The French were very helpful to us in keeping many things out of the hands of the Russians.
They had wised up quickly as to our problem and how to assist us. The United Kingdom was less helpful because they could get that same information by merely filing a request for it. The French were not as tight into the CIA, though they were still US allies. We needed top dollar for the stolen
items because we had to make up for the fact that we were not selling off all of the items due to
their national security risk. We were hiding the fact from Halliburton’s management that we were really sending the items back to the CIA.

OVER 50% OF HALLIBURTON SALES BREACHED NATIONAL SECURITY
We could not send computers back, as it was impossible to ensure that the Russians etc. had not altered them in the meantime. Those had to be scrubbed clean using a special erasing procedure. But it was possible to send back documents. We had initially thought that it would be only 10% of the items that had to be vetoed on national security grounds. But as we got a better understanding of what was being sold via Halliburton, that figure went up to a little over 50%

[Editor: More damning allegations against Halliburton as a continuing threat to US national security, for which Cheney should be impeached, along with Bush Jr., who authorised this corruption via his Executive Orders].

[The high-level operative and source for this information left the CIA for Canada in 2002].

Subsequently, operatives working inside the CIA to address this catastrophic situation] demanded that Tenet should lock the unvetted people out of the building.

In the process of showing how serious the security violations were, they revealed the oversight (or counterintelligence) operation against Tenet and Cheney themselves. That ended up revealing that they were recovering about 50% of the items and about 30% of their black market worth. Tenet informed Cheney of that fact, and Cheney ordered an end to the oversight.

I later sent copies of the relevant telephone calls revealing all this to the GAO. The Russians and Mossad had a complete set of White House calls, including of [calls concerning what was] for sale. The CIA also had a fairly complete set. When I was forced back into the CIA in Oct. 2003 from Canada with threats and worse, I heard about the troubles that the oversight people had suffered over the intervening 16 months. They had been unable to perform oversight for four months.

During that time Halliburton had fired their Private Eyes, the ex-CIA operatives that they had there. Instead, Halliburton had hired its own experts on Black Market Intelligence Pricing and had sold all of the stolen items without regard to US national security. I then despatched over to the GAO about a dozen phone conversations by Halliburton’s high officials demonstrating their reckless disregard for national security and the lives of covert operatives. [Therefore, this information is all available for the Congressional Committee to access immediately: Editor].

But it now gets much, much worse….

THEFTS OF CIA COMPUTERS LEADING TO AN UNIMAGINABLE CATASTROPHE
The next part of the narrative briefing leads into a description of the most ghastly consequences, for which Vice President Richard B. Cheney is clearly indicated by the narrative to be responsible, given his Luciferian greed for ‘profit’ which of course is on its own an impeachable offence:

It was only after a [hitherto unreported: Ed.] colossal national security catastrophe that the [CIA operatives who had carried on trying to get results] managed to get Tenet to insist that Halliburton rehire their ex-CIA ‘Private Eyes’. The oversight people briefed me on [the catastrophe] as soon as I returned. The first day I came back to the CIA’s Headquartersm they kept me up all night telling me about it. I cried many times that night for my country and the harm that had been done to her. I cried for the people who had died so brutally and unnecessarily.

Many, many more intelligence professionals lost their lives as a consequence of Cheney’s selling secrets than lost their lives because of the traitorous behaviour of Aldrich Ames. Ames is serving a life sentence for what he did. Cheney’s Halliburton people were still working at the CIA and stealing there because of Cheney’s protection of them. They were still walking inside the halls of the CIA every day and going into its offices to ‘have a chat’.

It was such an egregious violation of national security that some oversight members quit the CIA. Others said to me: ‘Why should we look like criminals who are enabling this theft’? ‘We are not making a cent off it… Yet we have been threatened by Tenet that we will be put in prison because we know of the thefts and hence must be guilty of them… We are being treated like criminals because we are trying to stop the most dangerous of these sales’.

[Editor: Gross abuse by Tenet of the Misprision of Felony Statute].

I later collected a memo from Cheney to Tenet which stated that the oversight of the sales by the CIA was cutting into profits and had to be stopped. It recommended imprisoning all of those in the CIA suspected of being a bottleneck in [the raking in of] US corporate profits. Tenet prohibited the oversight within a week of receiving that memo. The GAO has a copy of the memo and also of the memo that Tenet sent out threatening imprisonment if anyone was discovered to have decreased US corporate profits. They also have the later memorandum that Mr Tenet sent, which threatened imprisonment if anyone knew about stolen goods and did not report it to the designated official.

Those who had reported thefts to that official had been fired soon afterwards.

Thieves do not report stolen goods; people with integrity do, until it is clear that it is pointless and dangerous to do so. I also sent the GAO the document suggesting this ruse of a new designated official as a way to stop the oversight. That designated official never prosecuted a case of theft against a Halliburton person. He came from Halliburton! He had in fact been recommended for the job by ‘HallCIA’ to Cheney, who then recommended him for the job. I sent over to the GAO a tape of the phone conversation between ‘HallCIA’ and Cheney. On it. ‘HallCIA’ says that the man that he is recommending will stop the losses of revenues ‘from our CIA sales’.

HALLIBURTON CROOK BRAGGED ABOUT LUCRATIVE SALE TO THE RUSSIANS
Later he bragged about one of his sales to Russia of ‘one of our CIA products’, and says, ‘too bad we can’t make more of them’. It was clear that he was referring to the stolen goods that Halliburton stole from the CIA, not products that Halliburton made and sold to the CIA. The designated official was not vetted by the CIA. He was stealing from the CIA while working out of the Halliburton offices. I sent to the GAO a signed statement from a CIA security guard who caught him carrying a computer of the CIA’s out of the front door. That man could have employed the back door out of their offices manned only by Halliburton’s guards. He was so used to stealing from the CIA and getting away with it that he forgot, and used the front door.

That is what he told the guard: ‘I forgot… Give me a hand and we’ll take it out the back door’. The Halliburton guards did just that. They helped the Halliburton thieves load CIA computers into their private cars. I sent the GAO several CIA security camera clips of that happening.

The CIA had massive amounts of security camera data showing that [activity]. The CIA security people were afraid to report the thefts that they saw, because they did not want to lose their jobs without it even cleaning up the problem. By the time I returned to the CIA, 16 people had lost their jobs due to reporting thefts to the designated official that Tenet’s memo had directed them to use. No one at the CIA knew about the item sold during the blackout that caused the national security catastrophe, until after the catastrophe happened. [Details of this national security catastrophe, unfortunately containing graphic and disturbing language, now follow].

THE CATASTROPHE, COURTESY OF THE CORRUPTION OF TENET, CHENEY AND BUSH
The first sign of that Catastrophe [with a capital C: Ed] was a dead body lying on a sidewalk in a foreign city. The body had been the teenage daughter of a CIA officer. The body was no longer recognizable, even by her father. The body was identified definitively by dental records. Her face had been peeled off in small strips. The forensic evidence revealed that she was still able to bleed and struggle during most of the time that was done to her.

The next sign of the Catastrophe was another unrecognizable body. This time, of a 6-year-old boy of a US diplomat. The injuries were the same. The CIA concluded that the murderer was the same man. The next sign was an 11-year-old child of a US school teacher in Africa. She was divorced and her husband had once worked for the US State Department. Perhaps he had been CIA under diplomatic cover, but the CIA refused to comment.

I saw the photographs of the dead bodies. They were too horrible for words. Could it be that I was recalled to the CIA against my will in order to get my special operational skills to track down the villain? The day I got back to the CIA, the first thing Tenet did was hand me these pictures and ask me to find The Killer. He had given me the pictures of 23 victims who had all died the same way. All
of them were children of people who could have been in the CIA. About 22 of them did have a
known parent or guardian in the CIA.

DEATHS DUE TO THE STEALING OF A CIA COMPUTER
What he failed to tell me, or give me the photos for, for was the over 100 adults that had been killed using the exact same modus operandi. One of them was in the CIA’s morgue at that moment [Editor: did you know that the CIA has its own morgue? I didn’t]. ..The item that was stolen from the CIA that was responsible for those deaths was a computer. That computer had not gone through the hands
of one of the ex-CIA operatives. Its contents not been thoroughly erased.

It took work and time to do that; the disc had to be erased and written over 50 times. Halliburton’s bosses did not care about national security or the risk to the CIA’s covert operatives, if they were exposed… I was able to prove that it was the same computer. It still had the CIA’s personnel files on it and many of the victims had been selectively deleted from where they should have been in that list. When I then compared that file to the CIA’s current personnel file, the comparison program marked those deletions in red. The selective deletions showed that the owner of the computer was getting tipped off by someone high up in the investigation of the deaths inside the CIA.

The US Administration managed to suppress the news of these murders almost completely, after its ties to the computer started showing up in the CIA’s internal investigations. No-one in the media had connected the isolated cases across the globe [another gross failure by the incompetent and controlled Fourth Estate: Ed.].

The motivation of the deletions was obviously to try to cover-up the guilt of the owner’s role in those murders. There were about 86 deletions in a file of thousands of names. Each deletion was a victim, as already known by the CIA up to a certain date about two weeks earlier.

ENTER THE ‘DARK LORDS’: DIRECTLY CONNECTED TO BUSH
No victim that the CIA had on its investigation list by that point had failed to be deleted on that stolen computer. The odds of that happening by chance alone was practically speaking, exactly zero. In addition, I later obtained evidence that firmly tied the secondary ownership of that same computer to those who committed the actual tortures and murders. There was many more than one murderer. What they had in common was membership in a kind of paramilitary, quasi-religious cult. The members of that paramilitary cult had a group commitment to kill a person once a month. The Mafia usually only requires its members to kill once to get into it. This satanic group required their members to kill once a month in order to remain in good standing in it.

[Note: the Editor of this service received, between February and mid-May 2008, a large number of evil, unsolicited phone calls from a contrived, deep demonic ‘voice’ referencing ‘the Great Dark Lords’. This harassment continued until shortly after we reported the matter to the head of the US Anti-Terrorism Task Force and also, separately, to law enforcement personnel in contact with the Editor’s own contacts, whereupon they ceased. We have voice recordings of almost all these calls.

Considered in the context of what follows, it would appear that these calls represented threats: one of these was quite specific, along the lines of ‘we have the means of dealing with you’. Given the appearance of the ‘Dark Lords’ in this ‘Cheney’ context, it is likely that the Unterreichsführer’s apparat will indeed, as we suspected, have been responsible for these multiple telephone threats and harassment calls.

It comes as NO SURPRISE whatsoever to the Editor that the veteran CIA investigator came across this ‘Black’ dimension. The harassment calls to the Editor were also interspersed with threatening emails. The content of one of these, containing a very grave threat, was conveyed immediately as referenced above, with the consequence that (at the date of this posting) the harassment ceased].

A Manual on how to ‘please the Lord of Darkness’ had been published by a member of that cult. It recommended that the best way to do it was to torture people to death using the modus operandi that I have indicated above. That Manual had been distributed by the owner of the aforementioned computer with that CIA Personnel file suggested as the targets. The man who bought the computer was indeed a paramilitary type, with a large collection of weapons, many of them unregistered… He was identified as a fundraiser for Bush.

The literature of the group showed upside-down crosses as an emblem [satanic symbolism: Ed.]. The reason that others in the CIA had not tracked him down and had failed to pin the instigating of the murders on him, was political. Like ‘HallCIA’, and the Head Programmer from our earlier cases, he was well protected. It was not that CIA investigators had not suspected him. It was that they did not know what to do with their suspicions and even their evidence after they got it.

I was the booby prize winner: the fool at the CIA who had before been willing to buck the silence at great risk to myself. There was precedence for giving me a job like this. At one point, a CIA officer had sold a list of MI6 officers to the KGB during the Cold War. The KBG had started killing them off. I was given the job to stop them from continuing. And they had stopped: whether or not it was due to my efforts, was a matter of hot debate within the CIA. But some people credited me with having had some influence in the matter.

The individual who bought that computer was apparently a friend of Cheney and Bush; they had invited him to the White House. They had been present when he picked it out among a number of other CIA stolen computers, paying cash, which Cheney had put in his pocket.

‘CHENEY & BUSH TOOK THE MONEY FOR THE COMPUTERS USED FOR THE MURDERS’
I found the White House Security camera footage of that event. The GAO has a copy of it. The payment is shown on the video. The man took hundred dollar bill(s) out of his pocket and handed that to Bush. Bush hesitated and then handed the money to Cheney. The footage of that computer being carried out of the room by a guard follows about 20 minutes later. The room had about 20 computers from the CIA in it, to start with. [They were all neatly laid out, as at a sales demonstration, for buyers to examine, test, select, and pay for: only cash was accepted: Ed.].

The security camera tape shows Bush Jr. and Mr Cheney repeatedly coming into the room with a prospective buyer and taking cash in varying amounts. That continued until all the computers were gone. Some prospective buyers remained in the room for over an hour exploring the contents of the stolen CIA computers, before deciding on a purchase. I checked with the CIA and found that no CIA vetting of those buyers had occurred. Most did not have security clearances. Some of them had prior felony convictions and had been allowed into the White House ‘on orders from above’. The sale was ‘by invitation only’, with Bush and Cheney controlling the invitation list.

The earlier tape shows Cheney directing Halliburton employees in where to set the computers up. Much care and time was taken to plug them in and connect them to monitors, mice, keyboards, and to arrange the room nicely with a mouse pad under each mouse. The GAO has a copy of that tape too. The manual on how to torture people (in the manner described) and the file of CIA Personnel was sent overseas and domestically through the mail whenever a buyer purchased a snuff film from that man. His poorly kept records showed that he had mailed out at least 2,000 such CDs with the Manual on ‘how to please the Lords of Darkness’, and file on them.

His records omitted the addresses that he sent them to in about 50% of the cases where he marked payment received and product and ‘How-to’ sent. Thirty of the murders had been solved already by local foreign authorities by the time I was given the case. Of those, the How-to CD was found in 28 of them. Presumably it had been overlooked in the other two, or the wrong party may have been charged, or the How-to thrown out by the criminal.

Unfortunately, the murders had continued after those arrests.

BUSH AND CHENEY RESPONSIBLE FOR 168 CIA DEATHS, COVERED UP (HITHERTO)
At least 168 CIA officers and their family members were brutally tortured to death as a direct result of this cynical corruption run by Bush and Cheney. The CIA [systematically] covered it all up and pretended that it never happened on Tenet’s orders. The notorious traitor Aldrich Ames had not
sent out instructions to torture and kill anyone. He had sold ONE copy of a list of CIA operatives
in one country to one buyer. He is languishing in prison for life.

[The perpetrator identified here] sent out over 2,000 copies of all the names and addresses of the CIA officers and their families in every country. He had sent them out with hate propaganda and incited others to kill them. He had sent this [Nazi filth] to people who were known murderers who had a commitment to kill again. And he had sent it out as a challenge: are you man enough to kill a CIA person? His group offered ‘Advanced Membership Privileges’ to anyone who succeeded.

It was very curious that someone close and high up in the investigations at the CIA was tipping him off, since he was targeting CIA officers. I was able to supply the GAO with the evidence as to who was doing it. This person was getting calls and faxes directly from Cheney and Tenet. Tenet’s faxes included the names of the victims to date. He was being assisted in his cover-up at a very high level. I investigated whether the Russians or another foreign group had put him up to this, as his methods seemed too effective to be that of an individual’ alone.

HALLIBURTON LINKED TO THESE MURDERS OF CIA PERSONNEL
I found no such evidence of a foreign government or its operatives being behind it [but] I found many ties to US underworld organizations. Most of the ties, however, were directly to Halliburton. According to Halliburton’s records which I sent the GAO, [the perpetrator of these incitements to murder CIA personnel] had headed one of their subsidiaries before it went bankrupt.

CIA INVESTIGATOR TOLD TO ‘BACK OFF, OR ELSE’
When I looked up that old company I did not find a building on the aerial to correspond to the address. That subsidiary had been selling intelligence and paramilitary gear. It had specialized in recruiting mercenaries worldwide. It made me wonder if those killing the CIA had done so, as a kind of recruitment test; those getting away with it and being able to prove it, getting the job. I started looking into whether he was on Halliburton’s books as CEO of a new subsidiary. Just as soon as I started that investigation, Cheney called and told me to ‘back off or else’.

I asked him what the ‘else’ referred to, because it certainly sounded like a death threat to me. He hung up on me. Then he called me back about 10 minutes later and offered to set up a face-to-face meeting with that computer owner. I agreed and asked at once for a time and a place. He hung up: apparently his offer was just to threaten me that he would [impose] that man on me. I sent copies of those calls to the GAO also. They should still have them. The Halliburton mercenary recruiter [who incited the murders] was never prosecuted. Cheney and Bush would not allow it. The computers operative in when they were sold for cash for the benefit of Bush and Cheney at the White House.

BIO-FEEDBACK EQUIPMENT STOLEN BY HALLIBURTON FOR THE RUSSIANS
In about May 2002, a Halliburton person at the CIA had stolen an expensive piece of equipment.
It was an ultra-sophisticated CIA bio-feedback machine that was worth over $5 million.

It had required hundreds of millions of dollars of R & D money for the CIA to develop it. It was custom-made only for the CIA. Its only purpose was to train operatives how to pass a lie detector test. It was only used when they were to be sent on extremely dangerous missions to places like Russia. And it was only used in very critical missions.

There was a high risk that Russian intelligence would figure out how to overcome that training, if they interrogated about five operatives who had used it. That is, if they realised that those 5 had been trained in that fashion. Thus it was TOP SECRET and its manual was also top secret at the time. Loss of that machine and its Manual was the same as potentially losing every secret a given CIA official had in his or her mind when they were in Russia. The head of the CIA station in Russia had been trained on that machine for obvious reasons.

The effect of the training was to give the user control over their automatic nervous system. That meant that they could stop their fear, their sweating, their heart rate increase etc. in response to an interrogation. In addition to those obvious advantages in an interrogation situation, it had a big psychological benefit. It gave those who had used it confidence that they could pass a lie detector test. Thus, they were as if ‘bullet proofed’ against threats and lie detector tests.

Although the signal-to-noise ratio relating to information obtained under torture is so low as to be unusable, that is not true in a ‘friendly’ interrogation. The British had admirably demonstrated the effectiveness of ‘friendly interrogations’ in WWII. An operative who had fear or fear of a lie detector test was more likely to ‘tell all’ in a ‘friendly interrogation’ because of underlying anxiety. I did not find out about that theft until the next day. I learned from a Halliburton person that it had been stolen and was en route to the Russian Embassy to be sold to them. I was absolutely horrified by the national security implications of that. I rushed up to Tenet’s office to tell him. He already knew.

Cheney had called him and asked him what it was and what it was worth to the Russians. This was after I had set up the system for things to go through Alan so that the oversight committee could intervene to stop the worst violations of national security.

But the thief was a personal friend of Cheney’s and had taken the item straight to the White House to ask him if he wanted to buy it. Cheney had paid him $50,000 for it, he informed me. The copy of the telephone call that I sent to the GAO between Tenet and Cheney showed that Mr Cheney had considered keeping it, so that he could pass lie detector tests.

CHENEY THREATENS TO KILL THE VETERAN CIA OPERATIVE PERSONALLY
They had discussed it and Tenet had promised to find out more about it, how it worked, and how much it was ‘worth outside of the CIA’. He had called him back and told him a figure of $1.2 million. Cheney asked him to find out what was his risk of needing the machine himself. Tenet called him back and said that CIA analysts judged his risk to be about 4%. In front of Tenet with his phone on
speaker, I called Cheney and demanded its return.

He laughed and said, ‘What’s the big deal? It can only be used 5 times total and it has already been used once. We should sell it while it still has value before those 5 times are up’. He had absolutely no understanding of intelligence matters. It was not 5 uses of the machine: it was 5 times a CIA person trained using that machine was interrogated by the Russians. It could be 20 years worth of use to prevent the loss of security codes, national secrets, and how a CIA station was operating.

I explained it all quite carefully as Cheney is not a technically minded person. I even asked him questions to make certain that he had understood what I said correctly [Editor: This interesting comment suggests that Cheney is actually not that bright, which may also be judged to be the case, given his behaviour over the Settlements and his repeated thefts of gigantic sums of money. It may be that he progressed to these much larger thefts after getting away with the lesser thefts of which examples have been given in this narrative]. Cheney then said: ‘Well, what difference does it make since there are remote viewers like you in Russia who can steal the secrets anyway?’

I then explained that remote viewers were not 100% accurate and that intelligence agencies always had to verify what they said using hard data. Lie detector tests are not 100% accurate either, but they add some signal-to-noise benefit. Mr Cheney replied that torture was generally worthless in getting information [Editor: Amazing! Was not Cheney reported to be adamant that torture MUST be used to extract intelligence from terrorists and from prisoners in US hell holes like Gantanamo and Abu Ghraib?]. That was true. But it was still wrong to sell the Russians the CIA’s very best and most advanced equipment to deter loss of information under interrogation. ‘Friendly interrogations’ do yield valid intelligence.

When I pointed that out, Cheney said that the machine had already been sold to the Russians and that I was too late. I told him that I would figure out some way of prosecuting him, if he ever did that again. He laughed and said, ‘You haven’t got a chance’. I told him that I would try.

Cheney then said: ‘I will kill you myself, if you ever get close to succeeding’.

EDITOR’S CONCLUSION
It should be apparent to the reader that this exposure reveals a catastrophic degree of corrupt decadence at the highest levels of the US Federal Government, for which no further tolerance can possibly be acceptable. A leisurely investigation by the US Congress during the closing months of this most evil of American Administrations cannot reasonably be condoned.

We are satisfied, not least given the provenances of this material, that we are indeed dealing with a terrible crisis of the Republic, which must be addressed at once.

The unspeakable and immense financial thefts, scams and other gross abominations that we have reported for two years in the course of these investigations can now be understood to represent an outgrowth of a culture of criminal corruption orchestrated from the outset by the White House, with the two Bush Wars specifically identified as having been launched specifically for money-making purposes. Indeed the structure for extracting top dollar from these contrived and illegal wars was established from the outset under Executive Orders signed by Der Führer himself.

We have earlier identified the ‘bank raid’ rationale for the invasion of Iraq; and it is safe to add that the focus on defeating the Taliban in Afghanistan represents cover for the seizure of control over the heroin trade, which boomed immediately after the initial reported Taliban defeat in 2002.

But what has not hitherto been exposed is the unprecedented installation of offices of the Cheney-controlled organised crime operation, Halliburton, inside both the CIA and the Pentagon.

Nor has this extraordinary state of affairs hitherto been linked directly not only to proven breaches of national security of the most grievous nature, but also to the murders of the 168 CIA personnel and family members. It will be interesting to see, now, whether the present exposure triggers the necessary determination that ‘Act Two’ must be prosecuted immediately and with steely resolve and determination until every single one of these rats is exterminated.

APPENDIX

From time to time certain US websites seek to insinuate that the Editor of this service is an MI6 officer, or is ‘handled’ in some way or another. In response to the most recent such insinuation, the Editor despatched the following riposte to the platform in question:

In my original comment on Sorcha Faal I stated that the reports are written by (1) a US military officer plus (2) an Irish contributor based in Ireland. This information came from a special source and I CANNOT elaborate. Period.

I did NOT state, or intend to state, that the technical trail proved that the Sorcha Faal reports are CIA reports. This is a typically careless, possibly malicious, distorted elaboration of what I stated.
I did state, separately, that the trail of the website whatdoesitmean.com leads to Mclean.

Furthermore I was NOT the first observer to make this point.

Concerning the fanciful suggestion that someone is ‘running me’, I think I answered that in my email to Rayelan this morning. Perhaps she would be kind enough to post what I said. If you would like to waste time making enquiries you will discover that I have been publishing International Currency Review and other publications since 1970 as a private business, and that I haven’t
even had time to take a holiday in all that time.

The fact that every US intelligence operative is required to deny that he or she is an intelligence operative does NOT MEAN, and cannot be lazily extrapolated to mean, that, ergo, any foreigner such as myself who makes it clear that he is not an intelligence officer, IS an intelligence officer.
This is a malicious, lazy, unworthy and illogical fallacy.

And it indicates a lamentable lack of discernment.

But what is very interesting is that it JUST HAPPENS TO BE THE BASIS OF THE EXPOSURES THAT HAVE TAKEN PLACE, WITH WHICH I HAVE BEEN ASSOCIATED: THEY ASSUMED I WAS A BRITISH MI6 INTELLIGENCE OFFICER, SO THEY BOOBED. WE PUBLISHED THE EXPOSURES, AND JUST LOOK WHAT HAS HAPPENED. It goes to show that the US intelligence community isn’t as smart as it cracks itself up to be [as the foregoing exposure comprehensively confirms, too].

If you assume automatically that someone who STUDIES INTELLIGENCE (which I do) MUST BE an intelligence officer, you are at SERIOUS risk of making a very big mistake, which is precisely what has happened. If I was an intelligence officer, my perspective would be truncated, cramped and compartmentalised, would it not?

In any case it should be fairly obvious that I have nothing to do with intelligence because I appear to be the only writer in the world who routinely lambasts the parasitical intelligence community generally as being a menace to society. For instance I am the author of the aphorism:

The intelligence community is in control, out of control, and needs to be brought under control.

Furthermore, I state repeatedly in my reports that a criminalised intelligence community, especially one as vast as the creepy US intelligence sector, which controls the Government, is incompatible with good governance: and I go even further, in pointing out that the criminalised US intelligence
community is the primary source, due to its status as an uncontrolled, wayward, wilful and wholly amoral ‘state within the state’, of the Republic’s extreme crisis and that until the existence of the Intelligence Power is brought to heel, nothing will go right in the United States.

So the person who suggests that I am an intelligence officer myself is ignorant of my statements on this subject, which I am now delighted to repeat on this intelligence website, just in case the point hasn’t yet been made with sufficient force elsewhere.

In fact you COULD say, from the perspective of the two criminalised CIA groups in question, that their apparently lazy assumption that I am something other than what I am (namely an investigative journalist who happens to publish his own media), turns out to have represented a catastrophic intelligence failure on the part of the Dark Forces we have been standing up to.

Because they have been very severely beaten up as a consequence.

I state precisely what I am, at the foot of each report. I state unequivocally that I am NOT an agent for a foreign government, and if anyone tries to start a rumour to that effect I state in the relevant paragraph that I will see them in the London libel court.

Furthermore I have been making this crystal clear for well over a year. Would it be better if the paragraph in question were displayed in 36 point type?

Some people are so besotted with deception and being lied to that they automatically assume that everyone has a secret underhand agenda like all your duplicitous scamsters and intel operatives, so that when someone who is genuine appears on the scene they cannot believe that he is not fronting for some agenda or other. This is a Soviet-style disease, born of decades of Operation Mockingbird and being lied to by the authorities.

It’s high time people woke up to the fact that NOT EVERYONE IN THE WORLD IS A CORRUPT, DESPICABLE, DUPLICITOUS LYING SPOOK, operating under Non-Official Cover.

Just because the United States is crawling with them, it doesn’t mean that this model is replicated elsewhere in the world. It’s YOUR disease and we’d be grateful if you’d STOP projecting it onto the Rest of the World. Your friendly non-spook, Christopher Story.

ANNEXE:

REITERATION OF THE STATUTES, SECURITIES REGULATIONS AND LEGAL PRINCIPLES OF WHICH THE CRIMINALISTS, THEIR ASSOCIATES AND RELEVANT BANKSTERS ARE IN BREACH:

LEGAL TUTORIAL: The Steps of Common Fraud:

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

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

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

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

Step 3: Theft by Deception and Fraudulent Conveyance:

THEFT BY DECEPTION:

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

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

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

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

FRAUDULENT CONVEYANCE:

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

• “Conveyance made with intent to avoid some duty or debt due by or incumbent on 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’.

SECURITIES REGULATIONS OF WHICH BANK OF NEW YORK MELLON IS IN BREACH AND OF WHICH THE SIX ‘LEVY BANKS’ MAY LIKEWISE BE VARIOUSLY IN BREACH [CREDIT SUISSE, UBS, DEUTSCHE BANK, BANK OF AMERICA, CITIBANK, THE BANK OF ENGLAND]:

• 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

In addition to which Bank of New York Mellon is/was in violation of:
• 97-13 Bank Secrecy Act, Recordkeeping Rule for funds transfers and transmittals of funds, et al.

U.S. LAWS BREACHED BY THE CRIMINAL OPERATIVES AND BANKSTERS [see previous reports]:

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

• Please be advised that the Editor of International Currency Review 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.

WARRING ISRAELI INTEL THREATENS RUBIN WITH DEATH

THEN RUBIN DISPENSES THREATS TO CITIBANK AND TREASURY OFFICIALS

Wednesday 19 December 2007 13:39

PAULSON EXPLICITLY BLACKMAILS PRESIDENT BUSH, AS WE PREDICTED

EXTREME TENSION GRIPS WASHINGTON AND THE WORLD BANKING COMMUNITY

PAYOUTS PRECEDING WANTA’S SETTLEMENT PAYMENT ARE ALL ILLEGITIMATE

SECURITIES AND EXCHANGE COMMISSION THREATENS TO SHUT CITIBANK DOWN

DOD INTERNAL AFFAIRS AT CITIBANK WITH FEDERAL JUDGE’S ARREST WARRANTS

TWO UPDATES HAVE BEEN ADDED ON 20TH DECEMBER, IMMEDIATELY BELOW…

A FURTHER INTERIM UPDATE HAS BEEN ADDED ON 22ND DECEMBER, AS WELL…

UPDATE, 20TH DECEMBER: 1.45PM UK TIME:

The Editor is now of the private opinion, based upon incoming information from very authoritative sources since this report was posted, that NONE of the recipients has been paid. If that turns out to have been the case (and it requires verification), the business of Mrs Cabral signing off on 1,600 accounts will turn out to have been an elaborate smokescreen and charade, designed to buy more time and to throw us and others off balance.

Update note: It’s actually more complex than this: the payment obligations are real, and may well have been attempted, but ‘presentation’ of these details provided a smokescreen and cover for actual non-performance, except possibly in relation to certain payoffs. But the Editor’s belief this morning that no-one was paid is corroborated by sources generally, and by the news, noted in the second update below, that the countries were NOT paid. As reiterated in the original posting here, any payments that might have preceded Wanta’s payment would be illegal, since the underlying $27.5 trillion is his property as sole principal and no ‘rectification’ can occur outside the context of the agreed-upon compromise $4.5 trillion Settlement (plus interest and penalty add-ons).

To which we respond that despite the ‘Black Fog’ of lies and deliberate conflicting falsehoods we are having to expose, we are very unlikely to be thrown off-balance for long. Either way, as stated below, it is quite clear that all the outside parties mentioned in this and earlier reports are (a) being lied to, (b) lying to others, (c) tripping up over their own filthy lies, (d) being tripped up by the lies of many others, (e) either consciously or unwittingly allowing themselves to be used and (f) being manipulated by the arch liars and professional criminals who are content that the ‘Black Fog’ of lies that they have purposely generated since Paulson hijacked Ambassador Lee Wanta’s funds in June 2006 is so dense that they can continue their ‘business as usual’ and perpetrate the endless crude scamming and fraudulent finance operations that they have perfected, with assumed impunity.

They are wrong in making this assumption. According to one of our most impeccable sources, Paulson and Bush II were overheard telling associates yesterday that neither Wanta nor other recipients would be paid. This assertion will be shown to be wrong-headed, for reasons which cannot yet be elaborated upon. Not even the most demented of arrogant prima donnas can sustain such an inverted pyramid of lies if, despite rampant bribery, everyone who counts domestically and worldwide has had enough. And that threshhold was overshot several weeks ago.

UPDATE, 20TH DECEMBER: 7.00 PM UK TIME:

It is now confirmed that the countries were NOT paid. Further, the fire in the Old Executive Office Building adjacent to Cheney’s ‘ceremonial room’ started AFTER we posted the report below (about half an hour to 40 minutes afterwards). Sources specifically state that the timing of the fire was NOT a coincidence. It is reconfirmed that Israeli intelligence is involved, but a top source has said that the countermanding threat against Rubin Cube is not confirmed, leaving the threat that he would be liquidated if the payments did NOT proceed, confirmed. We are sorry that we have to report such horrible details, but that’s where it’s at (or was at, yesterday). There have been innumerable sensitive meetings ever since: no reliable details at present.

Meanwhile the Ambassador has circulated a sharp reminder to the White House, Paulson, former Secretary of State James Baker, Vice President Cheney, Attorney General Michael B. Mukasey, First Lady Laura Bush, Mrs Lynne Cheney, Bobby Eberle, Martin Gillespie, Ed Gillespie, Mark Stephens, David Rexrode and others pointing out inter alia that Mr Bush’s Texan ‘bag man’ will be expected to reimburse or to personally cover ‘the United States’ Treasury’s massive losses’ arising from these ongoing criminal financial irregularities, and pointedly reminding all recipients of his message that FOUR (4) enhanced INSLAW PROMIS-related investigative operating units have been systematically tracking the irregular transactions and thefts internationally, in order ‘to protect and assure my personal/private Custodial Control and Civil Tax Obligations: referencing H.R. 3723’.

Translated into the vernacular, the message is that the real-time, 24/7 monitoring of these illegal transactions internationally has never ceased, and that every corrupt theft and diversion of funds has been monitored and recorded, so that perpetrators who may have been imagining that they will survive the consequences of their banditry thanks to the abuse of the Presidential power to award pardons to criminal buddies (as Clinton did on a vast scale, as detailed in International Currency Review, Volume 33, #s 1 and 2), will be in for some very nasty surprises.

UPDATE, 1.00PM 22ND DECEMBER:

Developments on 20th-21st December were about to be described in a new report prepared overnight for this morning, when the Editor received a phone call asking for a postponement.
Given the nature of a deception operation carried out yesterday, and the consequences thereof, this is understandable, but the Editor will be negotiating later today to establish whether it might not be sensible to publish details of the latest abomination. The purpose of this note is to advise those who know about it that we will publish details of what happened yesterday as soon as this is approved. Although we operate at arms’ length from the Principals, the policy all along has been to accommodate all requested sensitivities. But what bothers the Editor right now is that each pause is routinely exploited by the criminal kakocracy*, to gain temporary advantage. All that can be said at this stage is that the entire crisis underwent a ‘paradigm shift’ yesterday, which we hope to be able to elucidate as soon as the Principals consider it appropriate to do so.

We also have some grave points to make about the disgraceful ‘manipulation of expectations’ that has been going on, in order to pump up the repeatedly dashed hopes of the victims of financial fraudulence and Ponzi Game operations, that their hopes are not in vain. As usual, CIA ‘Black Hats’ are behind this Psy-Ops offensive, and their motives, masked by New Age tripe, are highly suspect.

Apart from that, we sincerely hope that your Christmas is peaceful, and that the truth that it stands for is inwardly recognised by those with ears to hear and eyes to see. It was the Soviet terrorist Rakovsky who, while under interrogation during the Stalin purges, confessed that these endless problems ‘started’ with the birth of Christ. Until the Editor recognised that fact, he had thought that they ‘took off’ when Satan realised that he had been defeated at the crucifixtion, when the vail of the temple was ‘rent in twain’, i.e. the Old Testament (or Will) was torn up and replaced by the New Will or Testament. All of which is true. But on deeper reflection, it’s obvious that when Jesus Christ came to us ‘in the flesh’, so that the Lord could be identified and thus more perfectly lead us out of the Darkness, Satan ‘freaked’. So, though Rakovsky was a brutal murderer, he did ‘redeem’ himself by acknowledging this truth which, given that he was of Jewish extraction, he was of course well equipped to do. That is the true meaning of Christmas, if the Editor may humbly say so.

By Christopher Story FRSA, Editor and Publisher, International Currency Review, World Reports Limited, London and New York: www.worldreports.org. Press NEWS and the ARCHIVE Button on the www.worldreports.org Home Page for ‘Wantagate’ reports since April 2006. [Note: A new panel giving details of our latest publications as they are made available, has been added].

• Please Make a Donation to help finance Christopher Story‘s ongoing financial global corruption investigations. Your assistance will be very sincerely appreciated and will make a real difference, hastening the necessary resolution of the worst financial corruption and global financial crisis in history. This website has been calling the shots, because of the hijacking of Wanta’s Settlement.

BASIC FACTS TO REFUTE CURRENT LIES AND DISINFORMATION
Here are some basic facts to begin with:

1. Contrary to egregious lies reiterated by various components of the reprobate US Federal Government under Bush II, Ambassador Wanta has NOT been paid his $4.5 trillion Settlement funds (and the $704 billion claimed on top by the Principals), so that he cannot at present pay his $1.575+ trillion windfall tax (35% of the $4.5 trillion) to the US Treasury, and generate taxable funds on the books in accordance with The Wanta Plan arrangements which HM The Queen informed the Group of Eight powers in Germany last June should proceed ‘for the sake of the whole of humanity’.

2. Contrary to the additional lie disseminated by Henry M. Paulson Jr., the US Treasury Secretary, Ambassador Wanta and his colleagues have NOT entered into ANY Joint Venture with ANY outside party. Neither the Ambassador nor Michael C. Cottrell, M.S., have signed any such documents.

3. According to White House sources, Henry M. Paulson represents that he is in an impregnable position, and that he cannot be sacked by President George W. Bush. He bases this belief upon the fact that he is in a position to blackmail President Bush (which he has just done: see below), and that he is likewise in a strong position to blackmail the Clintons. The reason for this is that when Mrs Hillary Rodomski (1) Clinton used silver certificates (which were declared to be contraband in 2000) she obtained Paulson’s agreement to the conversion, from which she obtained $500 million to be used for her campaign and (according to inside sources) for extensive bribery operations.

• Paulson therefore perceives that the Clintons, who hold dual American and Irish passports, ‘owe him big-time’. It is also pertinent that Mrs Rodomski procured Paulson’s agreement to this illegal act by enlisting the help of Robert Rubin, a former US Treasury Secretary, who just happens to be the key figure, even today, at Citibank.

4. It is perfectly clear to all concerned that the warring parties both within and outside the US Federal Government, and at the IMF, the World Bank and in the banking community, are in the habit, on the basis of the evidence, of lying to each other, thereby creating a contrived ‘Black Fog’ of confusion. Within this ‘Black Fog’, they are constantly tripping over both their own lies and those perpetrated by others. It is also crystal clear (and will be seen from what follows) that no-one involved in this scandal either inside or outside the Beltway trusts anyone else. Likewise, none of the foreign parties trusts any US official or banker involved in this catastrophic state of affairs, which threatens to throw the entire world into a depression if matters are not resolved.

ROCKS THROWN THROUGH OUR WINDOW BY MOBILISED CLINTON-CONTROLLED ASSET
By the way, we are reasonably certain that the rocks that were deliberately thrown through the plate glass windows of our offices in central London at 2.50 am in the early morning of 13th December 2007 (see the preceding report) were chucked by an Irish hoodlum asset activated by the Clintons, by way of delivering a warning to the Editor of this service. The police at Belgravia Police Station are working on the case.

We will now elucidate what has been happening since 13th December 2007. It should be borne in mind that when a Federal Judge issues warrants for the arrest of government officials, the identity of the Judge and the case itself are secret and the case is sealed until such time as officials are indicted. Therefore, anyone contacting the Editor and asking for further and better particulars on that score will draw a blank. Indeed if the Editor were to publish such information (which he does not hold and cannot obtain) he would be at risk of being jailed. We state these basic facts just so that the parameters of what follows are clearly understood from the outset.

DOD INTERNAL AFFAIRS FURNISHED BY FEDERAL JUDGE WITH ARREST WARRANTS
As previously reported, following Court action, a Federal Judge issued arrest warrants (on 7th December 2007), on the basis that the warrants are to be executed should the Wanta Settlement funds, which are now 18 months overdue for payment, not be paid. Apparently there is no deadline, so that, absent payment, the warrants apply sine die. The warrants are executable until such time as the Ambassador has been paid.

• Therefore, any suggestion that the warrants have been or can be de-activated (on the basis of the repeated and familiar official lie that the Ambassador has been paid), is untrue.

DOD Internal Affairs has the authority to execute these arrest warrants.

COUNTRY RECIPIENTS ALLEGEDLY PAID AHEAD OF WANTA,
On Thursday 13th December, the US State Department informed the Principals that the country recipients (overseas groups) had already been paid out by noon that day. The State Department added that recipients based on the West Coast of the United States were now being paid, and that Ambassador Wanta was to be paid at 4.00pm that day as well. Of course, given that Wanta is the sole owner and principal of the stolen and diverted $27.5 trillion, as has been previously analysed in these reports, Ambassador Wanta’s $4.5 trillion is payable IN ADVANCE of all other payments (and should have been paid on a stand-alone basis in June 2006, as repeatedly explained).

• This assertion was then ‘corroborated’ by an official at the World Bank.

CITIBANK FRAUDULENTLY REPRESENTS THAT IT HAS A JOINT VENTURE WITH WANTA
The same World Bank sources further informed the Principals that Citibank had applied to a group of bankers abroad to obtain a trading contract from and with them, on the basis of a fraudulent claim by Citibank that the bank has entered into a Joint Venture with Ambassador Lee Emil Wanta, which is underpinned by documentation signed by the Ambassador and the Executive Vice President and Treasurer of AmeriTrust Groupe, Inc., Michael C. Cottrell, M.S.

• Specifically, as previously reported here, Citibank was fraudulently representing that it was thus free to use Ambassador Wanta’s funds for trading purposes under such a contract, covered by the phantom Joint Venture agreement that does not exist.

• This criminal act alone is enough to have the bank shut down.

Hence Citibank had again demonstrated that it is an unrepentant criminal enterprise, and that it will resort to any illegitimate stratagem to steal funds that it does not own.

Neither the Ambassador nor Mr Cottrell have signed any Joint Venture documents with third parties. If it transpires that their signatures have been forged, the gravest possible consequences will necessarily ensue.

LO AND BEHOLD, BISCHOFF USED TO MANAGE WANTA’S FUNDS AT SCHRODERS
At about 1.00pm, the Principals were informed that Mrs Catherine Weir had informed the US State Department that she had personally verified that the Ambassador’s (stolen and diverted) $4.5 trillion was on deposit with Citibank. Mrs Weir’s new colleague, Sir Win Bischoff, was an accounts officer at Schroders in London during the late 1980s and early 1990s, when he managed some of the funds belonging to Lee E. Wanta, when Wanta was operating with Howe Kwong Kok, the head of Chinese intelligence, in connection with the fulfilment of intelligence tasks allotted personally to Wanta by President Ronald Reagan. Isn’t that interesting?

Also on 13th December, Michael C. Cottrell, M.S. telephoned a Swiss banker about contracts to be entered into under the new banking system. In the course of this conversation, Mr Cottrell advised the Swiss banker that Ambassador Lee Emil Wanta and his colleagues have not entered into any Joint Venture with Citibank, as deceitfully represented by the US Treasury Secretary, Mr Henry M. Paulson. After that conversation, further attempts to contact the Swiss banker in question failed. It suddenly proved impossible to reach him by telephone, and all of a sudden, too, Mr Cottrell found that he was unable to email him also. The reason for this is that Verizon, which is a US intelligence asset, interfered illegally with the relevant communications, preventing further contact between the Principals and the Swiss banker concerned.

CHINESE DEMAND THAT WANTA BE PAID, PAULSON SAYS ‘OK’ IN BAD FAITH
On 13th December, Mr Paulson was, as previously noted, in the Chinese capital, having ostensibly delegated his responsibilities while abroad in China to Mrs Anna Escobedo Cabral, the Treasurer of the United States and the third most senior official at the Treasury.

While in Peking, Paulson supposedly came under pressure from the Chinese authorities for the Wanta Settlement funds to be paid, to which Paulson said, OK, I’ll pay. The Principals were then told that Treasury ‘signed off’’ for release of the funds to the Ambassador at 6.30pm.

The Chinese also wanted to know, from Paulson, what penalty he was proposing to pay to them on the trillions of their funds (about which the Editor is not informed), given Henry M. Paulson’s non-performance in respect of them. This information is obtained from the Chinese authorities, at the highest level, and also from the Pentagon.

Under pressure on this score as well, Paulson is supposed to have quote ‘relinquished control’ unquote of the Ambassador’s $4.5 trillion – again, according to both the Chinese authorities and the US Department of Defense.

Since Paulson had ‘signed off’, it was now a matter for Robert Rubin Cube at Citibank to make the payment. The Principals were therefore advised that Rubin had ‘everything under his control’ as at 9.05 am on 14th the morning of Friday 14th December.

ISRAELI INTELLIGENCE THREATENS RUBIN WITH DEATH ‘BOTH WAYS’
In the course of that morning, Ambassador Wanta and his colleagues learned that:

1. Robert Rubin’s life was threatened by elements of Israeli intelligence who are pressing for the payment(s) to be made (not least given that the Israeli banks now have serious Basle II-related problems). This faction want these matters resolved, and resorted to threats in an attempt to force Rubin to make the payments.

2. At the same time, the Principals ALSO learned that Robert Rubin was being threatened with physical harm by another faction within Israeli intelligence, if he DID make the payment – leaving Rubin caught in between

This revelation that Israeli intelligence is split down the middle, just like the US, British, French and German intelligence communities, shows what a ghastly Black trauma the world is sliding into as these hideous intelligence cadres engage in their filthy intelligence war at the expense of the Rest of the World and the American people.

And Citibank is supposed to be controlled by Sir Win Bischoff and Mr Vikram Patel, remember?

RUBIN REACTS BY THREATENING CITIBANK AND TREASURY OFFICIALS ALIKE
At around the same time, the Principals were also made aware that Robert Rubin was HIMSLEF dispensing dire threats against officials within Citibank and the Treasury. It is believed that he uttered these threats (which is a criminal offence, in the United Kingdom, anyway) after having been threatened ‘both ways’ by the warring Israeli intelligence cadres. Nice place to work, Citibank, where you are liable to be threatened with death by a senior member of the bank’s hierarchy.

One of these days, the United States needs to take a hard-nosed look at the extent to which its affairs are routinely destabilised by foreign powers who have their own interests, rather than those of the United States, in mind.

It was against this febrile background that Robert Rubin met Mrs Cabral – at noon on 14th December. DOD Internal Affairs were standing by to raid the bank and to exercise the arrest warrants if payment had not been made by then.

SECURITIES AND EXCHANGE COMMISSION THREATENS CITIBANK WITH CLOSURE
Furthermore, the Securities and Exchange Commission (SEC) had by now ordered the bank to release Ambassador Wanta’s private funds, because Citibank is a public institution which is failing to release (i.e. stealing) private monies. The SEC threatened to close Citibank down if the Wanta funds had not been released by 1.00pm on 14th December. The meeting between Cabral and Rubin ended some time between 2.00pm and 2.30pm.

During their meeting, Mr Rubin Cube required Mrs Cabral to identify with him and to sign off on 1,600 entries (accounts) that she had agreed should be paid. This was perfectly reasonable: Mr Rubin wanted the Treasury to countersign the payments, in order to protect his own position.

PAULSON FRAUDULENTLY BRAGS THAT HE ALONE CONTROLS CHINA’S MONEY
By now, Paulson was back in Washington, DC, where he let it be known that HE ALONE is in charge of all the Chinese funds. Given what we know about the Chinese Government’s opinion of this liar and serial bank robber, we know that this claim is false and without any foundation whatsoever. If the Chinese could think of a person they would least want to have anywhere near their assets, it would be Henry M. Paulson, Jr. In other words, back in DC, Paulson sets about lying that he controls China’s financial resources.

It is very likely that this will have angered the Chinese, understandably, to the point at which they may be contemplating serious retaliation.

After Mrs Cabral had concluded her meeting with Rubin and had countersigned authority for 1,600 accounts to be paid out, she returned to the US Treasury and told Treasury compliance and DOD Internal Affairs to ‘stand down’ as payments on the 1,600 entries, which included the Ambassador’s $4.5 trillion, were to begin at 4.00pm on that Friday afternoon.

FEDERAL JUDGE TELLS DOD INTERNAL AFFAIRS TO ‘STAND DOWN’
On Saturday 15th December, DOD Internal Affairs was ordered to ‘stand down’ by the Federal Judge, who informed Pentagon officials that he possessed ‘proof’ that payments were being remitted. But the Judge added that if the Wanta funds had NOT been paid by 9.00 EST on Monday 17th December, DOD Internal Affairs had his full authority to arrest anyone concerned at the bank, including Robert Rubin Cube.

Meanwhile the State Department alerted the Principals that Mr Cottrell should be notified early on Monday morning 17th December that Ambassador Wanta should be paid early on that morning. Mr Cottrell received this message TWICE over the weekend, from the State Department via associates of the Principals.

At 6.00pm, the Principals were notified (again by DOD Internal Affairs) that Paulson and Greenspan were attempting to persuade the Chinese authorities that all the Chinese funds should be handled by them jointly.

PATTERN OF CONFLICTING DISINFORMATION, FALSE ASSURANCES AND LIES
Then, late on Saturday 15th December, associates of the Principals were informed by US Treasury compliance that the Ambassador’s $4.5 trillion was placed ‘officially on the books’ by 3.00pm at the Treasury, and that an account with Citibank/Citigroup would now be set up and signed AFTER total receipt of the funds into the AmeriTrust Groupe, Inc. securities account with Morgan Stanley.

In other words, the funds were to be paid direct into the securities account with that institution. Treasury compliance elaborated that on Monday 17th December, Mr Cottrell would have access to the funds in the Morgan Stanley corporate securities account.

By 11.20am on Monday 17th December, Mr Cottrell had received no telephone call from anyone to corroborate ANY of the above, which therefore appeared to fit the familiar pattern of repeated lies and disinformation.

At 11.22pm, notification was received from DOD Internal Affairs personnel to the effect that the Principals would receive the necessary telephone call quote ‘within a few minutes’ unquote.

At 11.25 in the morning of 17th December, President Bush addressed a Rotary Club meeting at Fredericksburg, VA, about the state of the US economy. Meanwhile his henchman-blackmailer buddie Paulson travelled to Orlando, FL, where he spoke about the Hope Fund and the Super-SIV scheme to bail out the banks.

DOD INTERNAL AFFAIRS ENFORCEMENT INSIDE CITIBANK AGAIN
At 12.30 pm, DOD Internal Affairs personnel reported that they had been present inside Citibank’s Head Office in Midtown New York cooling their heels impatiently while they awaited instructions from the Treasury with reference to the release of the funds to Ambassador Wanta. The posse of DOD officials and enforcement personnel were present at the bank to execute the warrants, but were being prevented from doing so, for a reason unknown to the Principals. At 2.25pm, the DOD personnel reported that ‘there is a problem’ – apparently, two key people were missing – but that Citibank quote ‘will pay’ and that ‘the Wanta payment is on track’ unquote.

ANOTHER ATTEMPTED THEFT, ANOTHER ‘HACKING’ EXCUSE TROTTED OUT
At 5.00pm, the Principals were informed by Treasury compliance that quote ‘the system has been hacked into’ and that an attempt to steal the funds, which had been thwarted, had been made. As a result, the payment schedule was now delayed by eight hours. Of course, Paulson, as noted above, was in Florida – so that he could not (he assumed) be blamed for this latest (contrived, of course) glitch. NOTWITHSTANDING all this, US Treasury compliance asserted at 4.30pm on Monday the 17th December that payment of the $4.5 trillion ‘started’ at 4.30pm from Citibank via the Treasury Direct to Morgan Stanley. (We fail to see how a transaction that takes 20 seconds can be said to have ‘started’, since anyone ‘observing’ the payment would be aware that it had ‘ended’ 20 seconds after it had started. Maybe this reflects the total collapse of trust that has taken place).

At all events, DOD Internal Affairs had demanded that Paulson should be present in his office at the Treasury when the transfer took place, so that the US Treasury Secretary could be watched. But he was still in Florida when the Editor was being briefed for this report late on 18th December UK time.

PRECAUTIONS TO SAFEGUARD THE TAX PAYMENT GIVEN COLLAPSE OF TRUST
Indicative of the reality that no-one, inside or outside the Federal Government, trusts anyone else to honour ANY undertaking, the Principals were further informed that the windfall $1.575 taxation payment (which should have been remitted to the Treasury in June 2006, so that it would long since have transformed the United States’ financial position) would be administered by two Government agencies and by an agent for Citibank, when the payment of the $1.575 trillion is to be remitted by the Principals from the Morgan Stanley corporate securities account to the Treasury.

Of course what happens to the tax money after it has been paid is not the Ambassador’s problem; but it is clear that the most extreme precautions do need to be taken over the tax payment, not least because it is perfectly possible in this devils’ kitchen for any devil to walk off with the tax money, and for the Ambassador then to be told that he has not paid his tax.

At 4.30pm on Monday 17th December, the DOD Internal Affairs team clicking their heels at the bank were again told to ‘stand down’ by the Judge, because Ambassador Lee Emil Wanta’s payment had supposedly been ‘started’ at 4.30pm EST (see above).

REPEATED UNTRUE OFFICIAL ASSURANCES THAT THE PRINCIPALS WERE PAID
Then, between 7.00 and 8.30pm EST, one of the Principals’ associates was telephoned by (1) a Federal Reserve banker, (2) an FBI agent and (3) a US Treasury officer, all of whom separately stated that Michael C. Cottrell had been/was being telephoned at that precise moment, to verify that payment had been made into the Morgan Stanley corporate securities account.

These statements were all spurious lies. Mr Cottrell received no such telephone call.

At 9.30am on Tuesday 18th December, Mr Cottrell was informed that Ambassador Wanta’s funds were ‘on normal schedule for payment’, and that over 600 (out of the 1,600) accounts had already been paid out. Memo: No funds can be legitimately paid out until the Ambassador has bene paid, since funds underlying those being being paid out may have been stolen from Wanta’s $27.5T.

At 10.30 am, DOD Internal Affairs informed associates of the Principals that they were awaiting notice of confirmation that payment of the Wanta funds had been made from Citibank to the Morgan Stanley corporate securities account. The Pentagon’s officials made it clear that they would arrive at Citibank’s Head Office at noon on 18th December 2007 to execute their warrants if no such confirmation of the remittance had been received.

PAULSON IN ORLANDO: ‘I WILL NEVER PAY WANTA’
But even as DOD Internal Affairs were conveying this information, Paulson was strutting around in Orlando, Florida, stating on several occasions that Wanta ‘will not get paid’, as he is in charge and he decides who is to be paid and who is not to be paid – a tune he has been singing since the fall of 2006, it will be recalled.

At 1.20pm, the State Department advised the Principals that they ‘are still in line to be paid today’. It is now reliably understood that State Department officials are furious that the White House and the Treasury are treating all concerned with such absolute arrogance and contempt.

DOD INTERNAL AFFAIRS ENFORCEMENT SAY THEY WILL STAY ON SITE
At 3.05pm, the Principals were informed that the DOD Internal Affairs team had been present at Citibank’s headquarters since 1.00pm, and were intending to stay on site until the payment had been made. HOWEVER, no confirmation that the payment had been made, had been received either by DOD Internal Affairs or by the Principals, by 4.00pm EST. It was reiterated that in the absence of the payment, the DOD Internal Affairs team would start executing their arrest warrants.

PENTAGON STARVED OF THE PAYMENTS THAT IT WAS EXPECTING
At 3.10pm on 18th December, the DOD Internal Affairs team received word from the Pentagon that the US Joint Chiefs of Staff had NOT received any of the payments due to them – the Joint Chiefs’ payments having been included within the 1,600 accounts referenced earlier. In other words, the Pentagon had STILL not received the funds that it needs in order to fulfil agreements that it has outstanding with foreign parties.

CHINESE AUTHORITIES MAKE IT CLEAR THEY ARE FURIOUS, AND RIGHTLY SO
Separately, Ambassador Wanta and his colleagues were advised that the Chinese authorities are justifiably furious and have let it be known in the relevant capitals that Paulson will no longer be persona grata in China, Japan or the United Kingdom.

The sources for this information also revealed that European parties had been paid. This would throw some light on the extraordinary behaviour of the European Central Bank which suddenly announced on 17th December that it had access to $500 billion and that it will lend funds into the money market at below market interest rates. Two weeks ago, no funds were available to finance such permissive largesse.

Specifically, the European Central Bank – which is backed by no government, unlike national central banks – scrapped any upper limit on how much it lends overnight. ‘All banks with enough collateral, and which submit bids of at least 4.21%, will receive the funding they ask for’. That rate is almost three quarters of a point below the preceding day’s two-week Euribor interbank rate of 4.9%. In other words, the ECB is bailing out institutions that have not got their books in order in accordance with the requirements of Basle II, on an unlimited basis.

PRIOR PAYOUTS USING WANTA FUNDS ARE ILLEGAL, CAN BE CLAIMED BY WANTA
Furthermore, it is quite clear that it is doing this with funds that have been stolen from payees, very likely Ambassador Wanta, according to our sources. This sheds light on the ‘news’, referenced above, that European payees had been ‘satisfied’. If so, that is illegal (see below).

At 3.50pm, the Principals became aware that both Citibank and the Treasury were ‘swearing’ to the Central Intelligence Agency that they were ‘paying Wanta’. But Michael Cottrell had received no telephone call to that effect.

At 4.15pm, Michael C. Cottrell was notified by DOD personnel that Robert Rubin had reportedly concluded a face-to-face meeting with CIA officials. In the course of this meeting, Rubin was reported to have made the following statement: ‘I’m just the banker. Paulson tells us who to pay’.

MRS CABRAL TREATED LIKE A PIECE OF DIRT BY PAULSON
However it will be recalled form the above narrative that (a) Paulson had delegated his authority while in China to Mrs Cabral, and (b), when under pressure from the Chinese authorities during his most recent ill-fated visit to the Chinese capital, Paulson had agreed that Ambassador Wanta would be paid. Naturally, since nothing that this duplicitous man ever says or undertakes can be relied upon for more than a nanosecond, the moment he arrived back in Washington, he reasserted his macho stance, adding that it’s all his money, he can pay who he chooses, and anyway he has no intention of paying Ambassador Wanta at all.

PAYMENT RECIPIENTS LIKELY TO BE THOSE SENDING ‘KICKBACKS’ TO THE WHITE HOUSE
The impression gained by Mr Cottrell is that the parties that are being paid are recipients who are required to make kickbacks to the White House and the ‘Black Cabal’.

It is 100% contrary to all previous agreed procedures that any party should receive a single cent before Ambassador Wanta has been paid, because the funds being disbursed (if this has really been happening) all belong to Ambassador Lee Emil Wanta, as we have repeatedly and laboriously explained. It follows, therefore, that until such time that Ambassador Wanta has been paid his compromise Settlement, all these remittances are illegal and represent gross theft resulting from a conspiratorial exercise on the part of Citibank, Paulson and the White House.

Therefore, all such payments are vulnerable to litigation. It should be understood that R.I.C.O. litigation is in any case pending and in preparation, so that any of these could be targeted in the context of such legal process.

At 4.00pm, a Federal Judge ordered the President to procure the release of CIA electronic data providing graphic information on widely publicised, abominable Nazi-style torture procedures, including waterboarding, that had been approved by the White House. The Judge has DEMANDED that he be provided with this information and evidence.

At 5.20pm on 18th December, US Treasury compliance sources informed the Wanta Principals that payments were still continuing, but that the sources did not know were the Wanta Settlement funds were in that sequence. This statement confirmed, therefore, that funds had already been paid out in precedence to the Wanta Settlement payment – which is illegal because all these funds were derived from the $27.5 trillion belong to Ambassador Wanta as sole principal, until such time as he has taken economic receipt of his compromise $4.5 trillion Settlement funds, which he needs so that the multiple projects for the benefit of the American people that have been ‘on hold’ while the criminal cadres holding power have been exploiting them for their own self-enrichment purposes, can at long last get under way. He also needs to pay his taxes, which the Secretary of the United States Treasury, no less, is preventing him from doing, in a display of treasonous arrogance and insolence towards the American people, that has no historical precedent.

PAULSON SEEKS MONEY FOR HOPE FUND ETC IN FLORIDA: NO TAKERS…
During his visit to Florida, Paulson was reported to be seeking to raise funds for his so-called Hope Fund (see above) which is aimed at alleviating pressures in the ‘subprime’ mortgage environment, and also for the so-called Super-SIV device which is supposed to help with the bailing out of the banks. He drew a complete blank: none of those tapped wanted to help.

This suggests to us that Paulson’s notoriety has actually started to impress itself upon the minds of the monied classes, among whom playing fast and loose with other people’s funds is a grievous sin for which no forgiveness is possible.

… SO PAULSON EXERCISES HIS ‘BLACKMAIL POWER’ OVER THE PRESIDENT
Having drawn a complete blank, Paulson then established contact with President Bush Jr. by telephone. The Treasury Secretary was in a serious bind with respect to both these projects since, although he is happy to steal money for himself, he is not prepared to place a penny of what he has stolen into any of his new wheezes, and needs to strong-arm sources of funds in order to be able to brag that his tawdry brainchildren are funded. Having discovered, to his disgust, that no-one was interested, he proceeded – and this is exactly what we have been told – to blackmail the President. (Remember, we did point out that this was what he has always had in mind).

Specifically, he said that unless Bush helped him obtain the funds he needs, he will see to it that his specific, documented knowledge of funds stolen by and for George Bush Sr. will be leaked into the public domain (obviously, not to this service!). In other words, Paulson engaged in blatant blackmail against the President of the United States, using his knowledge of corrupt financial transactions referencing his father, to get what he wanted.

Stung by this explicit blackmail threat, President Bush Jr. telephoned Japan, where the Godfather and Cheney have accumulated massive funds, inter alia through their exploitation of the yen carry trade. The Japanese duly obliged, so that Paulson obtained the funding he ‘needs’ for these two vehicles. It will be recalled that we believe that the Hope Fund will operate like an off-off-budget and off-off-balance sheet entity which can then be exploited through hypothecation operations to manufacture trillions of fiat money dollars for stashing untaxed offshore, as though Wantagate and Basle II had never erupted into Paulson’s consciousness.

COMMUNICATIONS WITH DOD INTERNAL AFFAIRS BLOCKED OVERNIGHT
In the middle of the night of 18th-19th December 2007, the Editor was informed that attempts by associates of the Principals to establish whether DOD Internal Affairs had followed through and made necessary arrests at Citibank, proved fruitless. This was because all telephone calls to DOD Internal Affairs were being blocked. This reminds us that, some days ago, all material traces of the telephone and other coordinates of the Provost Marshal, had been expunged from the record.

VIRTUAL EXPERTISE OF MK-ULTRA CHIEF CHENEY IS VISIBLE THROUGH THIS ‘BLACK FOG’
It has not yet been explained to observers that one of the masterminds behind this ongoing fiasco and running disgrace, which is dragging the reputation of the United States through the gutter, is Vice President Cheney. This extremely unpleasant CIA ‘Black’ operative was the controller of the Himmlerian MK-Ultra and related Dark Ops. initiatives, which include the creation of virtual reality environments within Psychological Operations (Psy-Ops) platforms.

What we have been describing, therefore, conforms to the same principle, which can be described as the intentional and relentless creation of an environment within which nothing is stable at all. This means that not only, as if in a Leninist context, are all US official and banking undertakings liable to be worthless, but that official and banking sector statements are devoid of all meaning, while the dialectical exploitation of ‘opposites’ is relied upon to maximise the leverage obtainable from such a duplicitous environment.

Within this framework, the various apparently warring components of the Federal Government, the criminal intelligence services, and the criminalised strata of the complicit, co-conspiring banks, all play their part – with the manipulators who are pulling the strings intent upon expanding and perpetuating the resulting contrived confusion for their own advantage.

‘REAL TIME’ DECONSTRUCTION OF A CLASSIC DURKHEIM ‘ANOMIE’ ENVIRONMENT
It follows, therefore, that we are now dealing with the first minutely dissected display of absolute political and financial amorality that has ever been analysed in such detail and almost in ‘real time’. In an environment where absolute amorality is respected, we observe the classic realisation of the so-called ‘anomie’ described by Emil Dirkheim (1858-1917), in which criminality and total amorality are the norm, and adherence to the Rule of Law, fulfilling one’s obligations and telling the truth, are regarded as subversive and worthy of both retaliation and contempt.

Paulson is a repulsive, neanderthal example of this behaviour, and a walking disgrace to the United States of America. If he imagines that he can justify his stealing and his serial crimes on the basis that we have been nasty to him in these reports, he should think again. Great care was taken when deciding what approach should be taken to this character; and contrary to this Editor’s own early inclinations, it became clear, on advice, that the only language that this man understands is one that has had to be divested of all the usual civil courtesies.

That goes against the Editor’s normal inclinations, but we have been left with no choice, as this official’s crimes are so endless and ruthlessly unspeakable.

WORST AND MOST EGREGIOUSLY CORRUPT CRIMINAL EVER TO SERVE AT THE TREASURY
Paulson has raped the United States, shafted the American people, deprived the Treasury of vast tax payments which would long since have transformed the United States’ official finances thereby precluding the financial crisis that has come about because of his intransigence, destroyed the Republican Party, torn up the Constitution, committed treason with impunity at a time of war, and has fronted the illegal and continuing self-enrichment operations of himself and his Black Cabal colleagues, not least at the expense of Americans who have died because the Pentagon has been deprived of the tax funds that it needs in order to equip its forces adequately. Whatever may be thought of the disastrous behaviour of Britain and America in Iraq, the US military is entitled to be properly funded: and Paulson has clumsily seen to it that it isn’t.

ARE THESE PEOPLE INVIOLABLE GODS? NO, THEY ARE RUTHLESS CRIMINALS
What we find incomprehensible (as do many Americans who write to us, as well) is the following: what is so magic about these criminal operatives that prevents the US authorities from wielding their powers to the full, to bring these criminals to justice? Are they gods?

Why worship a President or a past President, if he is proven over and over again to be a feckless, dangerous crook who has no concept of the Rule of Law? What is the problem here? Are the Joint Chiefs frightened of these thugs? Is the US Judiciary so money-oriented that there is not a single Federal Judge or Supreme Court Justice left who has the guts to turn down bribes proffered by Cheney, Bush or Paulson?

Are the Gold Badges as gutless and useless as they have shown themselves to be to date?

Is the US military going to just sit there on its butt while these organised criminals continue the ransacking of funds that they do not own, corrupting the decadent US banking system, spreading their criminal bribery and poisonous amorality all over the world, and holding the whole of humanity to ransom? If this is what the United States has to offer to world, we shall see who prevails.

What has happened to the swaggering bravado of the US military when they thought that Iraqis would rush out onto the streets to thank them for liberating them from Bush’s dictator puppet and former trading partner, Saddam Hussein? How about making it clear through the mechanisms that are available to them that the American people need to be liberated from the incessant banditry of these despicable people, and their fellow criminal operatives belonging to the Clinton gang?

TIME TO CLEAN HOUSE FROM TOP TO BOTTOM, AND TO FUMIGATE WASHINGTON’S STINK
And how about getting on with the job AT ONCE of addressing the tyranny of that brutal, lying criminal enterprise called the Central Intelligence Agency, which rampages around the world intermeddling in the affairs of other countries contrary to international law, is a source of endless evil machinations and turmoil, and needs to be either dismantled or else subjected to the most rigorous purge in its history?

Are Americans so truly gutless, whining, spineless, self-absorbed and weak that they cannot clean up the filthy pigsty in which their rapacious government operates?

The whole world is sick to death of the squirming corruption that pours out of the putrid hell* that is Washington DC. For goodness sake, Uncle Sam, get off your lazy butt and get a grip of the situation, before the country falls apart and these criminal operatives conclude that they really can continue deceiving the whole world with impunity.

And stop relying on a Brit to do your dirty work for you, just because appropriate authorities appear to lack the courage to do what urgently needs to be done.

*Like the black smoke that was ‘coincidentally’ pouring out of the Eisenhower Building overnight and in the morning of 19th December, according to our sources and now CNN.

Note:
(1) We now understand that Rodham translates to Rodomski, not Rodinski, as previously stated in recent reports. Apologies for this error.

LEGAL SECTION:
PLEASE READ THIS INFORMATION, AS IT INDICATES THE DEPTH OF THE DEPRAVITY THAT WANTAGATE HAS EXPOSED. CONSTANT REPETITION OF THIS BASIC DATA IS STILL NECESSARY…

• We now repeat, yet again, our familiar summary of the Statutes, securities regulations and fraud information that we have appended to these reports for many months. The reason we append this information is to remind everyone of their clear responsibilities under the US Misprision of Felony legislation, and of course to provide a legal basis for these reports.

LEGAL RECAPITULATION FROM REPORT DATED 30TH AUGUST 2007:
Reiteration of the fraudulent transactions involving Bank of New York Mellon – a bank so arrogant and conspicuously indifferent both to its tarnished reputation and to its grotesque breaches of US law and of N.A.S.D./S.E.C. Regulations, that it now takes first prize in the crowded competition for the title of ‘Most arrogant and corrupt financial institution in America’. At least, this was the case until the perpetration of the ‘Saturday scam’ described above and on 13th November:

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

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

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

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

Step 3: Theft by Deception and Fraudulent Conveyance:

THEFT BY DECEPTION:

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

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

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

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

FRAUDULENT CONVEYANCE:

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

• “Conveyance made with intent to avoid some duty or debt due by or incumbent on 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’.

SECURITIES REGULATIONS OF WHICH BANK OF NEW YORK MELLON IS IN BREACH AND OF WHICH THE SIX ‘LEVY BANKS’ MAY LIKEWISE BE VARIOUSLY IN BREACH [CREDIT SUISSE, UBS, DEUTSCHE BANK, BANK OF AMERICA, CITIBANK, THE BANK OF ENGLAND]:

• 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

In addition to which Bank of New York Mellon is in violation of:
• 97-13 Bank Secrecy Act, Recordkeeping Rule for funds transfers and transmittals of funds, et al.

LAWS BREACHED BY CRIMINAL OPERATIVES WHO HAVE HIJACKED AMBASSADOR SIR LEO WANTA’S $4.5 TRILLION SETTLEMENT AGREED AT THE HIGHEST U.S. LEVELS IN BAD FAITH IN MAY 2006, AND HAVE CONTINUED THEIR SERIAL CRIMES EVER SINCE:

• Annunzio-Wylie Anti-Money Laundering Act
• Anti-Drug Abuse Act
• Applicable international money laundering restrictions
• Bank Secrecy Act
• Conspiracy to commit and cover up murder.
• Crimes, General Provisions, Accessory After the Fact [Title 18, USC]
• Currency and Foreign Transactions Reporting Act
• Economic Espionage Act
• Hobbs Act
• Imparting or Conveying False Information [Title 18, USC]
• Maloney Act
• Misprision of Felony [Title 18, USC] (1)
• Money-Laundering Control Act
• Money-Laundering Suppression Act
• Organized Crime Control Act of 1970
• Perpetration of repeated egregious felonies by State and Federal public employees and their Departments and agencies, which are co-responsible with the said employees for ONGOING illegal and criminal actions, to sustain fraudulent operations and crimes in order to cover up criminal 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

This list shows to what extent the Bush II Administration condones one Rule of Law for the Rest of Us, and absolute contempt for domestic and international law for the officials and bankers who are illegally diverting and exploiting Wanta’s funds.

The Directors and others listed in Part 1 of the Wantagate Listing of Institution Directors and others posted on 11th June may likewise be Accessories to the Fact of, and/or co-conspirators in, wittingly or unwittingly, the egregious violation of the laws itemised above. This list is reproduced in International Currency Review, Volume 33, #s 1 & 2, September 2007, on pages 163-168.

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

‘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’.

Wicked Pedia Update dated 2nd December 2007:

WIKIPEDIA IS PART OF AN NSA DISCREDITING OPERATION
As previously reported, the Editor’s attention was drawn, in the second half of November 2007, to a pack of old lies, diversionary claptrap and disinformation posted on Wikipedia under ‘Leo Wanta’.

Although this posting appeared FOR THE FIRST TIME on 12th November 2007, it consisted almost entirely of ancient lies, including disinformation dredged out of ‘Thieves’ World’, a hatchet job published in 1994 by Simon and Schuster by the late Claire Sterling, a CIA operative.

Mrs Sterling died suddenly after being summoned for her second meeting with the Federal Bureau of Investigation, under Clinton.

ANCIENT DISCREDITED LIES POSTED IN NOVEMBER 2007
The fact that the OLD Wikipedia lies appeared for the first time as late as 12th November 2007, and consisted almost totally of old, discredited lies, omitting the Master Lie that the CIA retailed after the Ambassador had been taken down, namely that he was DEAD, indicated quite clearly to the Editor and his advisers that this latest evil display of regurgitated disinformation represented a deliberate operation by the US intelligence community’s disinformation and lie machine, to begin, all over again, the process of discrediting Ambassador Leo Wanta – so that they can relieve him of his funds by some false pretext or other after a ‘gag order’ has been signed.

The definitive up-to-date information on the Ambassador’s affairs has been published on this website, and in several issues of International Currency Review, Economic Intelligence Review, Soviet Analyst and Arab-Asian Affairs, all published by World Reports Limited, for several years. Copies of these publications are in official, institutional and library hands all over the world. Therefore, any posting about Ambassador Wanta that relies upon ancient lies and fails to take account of the accurate information that we have published, can easily be demonstrated to represent yet another US intelligence community and NSA discrediting operation.

PRELUDE TO ‘SETTING UP’ WANTA ALL OVER AGAIN
We now understand that the Principals have been advised (for the past several weeks) that they will not be allowed to reveal that they have been paid. This loony state of affairs is designed to ‘set them up’ for a future discrediting operation whereby false witness will be deployed against them to the effect that they have stolen the money, or some such pack of lies, which they will be unable to refute because they will be bound by the ‘prerequisite’ gag order that is intended. Its purpose, of course, is to ‘legitimise’ the old and new lies that the US disinformation apparat will be preparing for future use. The likelihood is that the new discrediting operation will be extended to Michael C. Cottrell, M.S., as well. We are prepared for this intended onslaught.

EDITOR’S TRUE REPORT REPEATEDLY REPLACED BY OLD LIES
On 19th November, the Editor posted on Wikipedia the accurate text about Leo Wanta that is now reproduced below. The Editor’s accurate text was then removed by Wikipedia, leaving the ‘old lies’ that had existed previously. When the Editor became aware of this, he reposted the accurate text below, and, given that his own copy had been deleted, he then deleted the pack of lies, leaving his own accurate text up on the Wikipedia site instead, without the lies.

On 2nd December, the Editor was advised by a monitor that the Editor’s accurate text had been removed and that the old discrediting lies had been reposted on the page by Wikipedia. When the Editor checked, he found that the page could no longer be edited because of what the site managers described as ‘vandalism’.

IT’S ‘VANDALISM’ TO POST THE TRUTH, NOT ‘VANDALISM’ TO POST LIES
It was not ‘vandalism’ to delete the truth and to replace the truth by old lies, but it was ‘vandalism’ to delete ‘old lies’ and replace them by the truth.

We are therefore able to conclude from this Wicked Pedia outrage, as follows:

1. Wikipedia, which purports to ‘change the world’, prefers lies to the truth.

2. Wikipedia is therefore, by definition, a source of disinformation and lies, and cannot be trusted as a source of reliable information in any context.

3. The only category of sick society that would have any interest in disseminating lies about Ambassador Wanta, the United States’ greatest living patriot, rather than the truth, is the mentally disturbed US counterintelligence disinformation apparat (a.k.a. the US STUPIDITY COMMUNITY) which, by its actions in deleting the Editor’s ACCURATE information and replacing it with old lies, and by its illegal behaviour in ‘snipping’ our website texts as stated above, thereby reveals the desperation of its concerns, which all have to do with covering up official criminality.

4. It is now far too late for the US stupidity community to repair the damage that it has done since June 2006, when the Ambassador’s funds were first hijacked by the criminal financial operative Henry M. Paulson, US Treasury Secretary. So it is laying the groundwork for a renewed discrediting operation against Ambassador Wanta and his colleagues.

• We and others will see to it that this intention is defeated, and that such nefarious scheming is exposed for the amoral and disgusting Luciferian behaviour that it represents.

The ACCURATE text that the Editor posted on the Wikipedia site, follows. (The Editor, after all, PAID FOR AMBASSADOR WANTA’S EXIT FROM PROBATION, FOR GOODNESS SAKE, SO HE CAN HARDLY BE A SOURCE OF DISINFORMATION, CAN HE?). This information will be very widely distributed by other means, in order to provide all concerned with the necessary ‘heads-up’ as to what these US Dark Forces have in mind. They are out of their minds and in Satan’s mind:

The disinformation about Leo Wanta (Lee Wanta) below was first posted on 12th November 2007. It contains ancient CIA disinformation and long since exposed lies going back to the early 1990s, and obfuscates the truth. The report appended immediately below was added on 19th November 2007, to correct the disinformation contained in the original stub.

It was subsequently removed and is hereby replaced. This sequence of events, which suggests that egregious lies are preferred to the truth, has been recorded on www.worldreports.org, which contains all the updated and breaking Wanta material, that was ignored and traduced in the stub at the foot of this report.

THE ACCURATE TEXT THAT WIKIPEDIA REPEATEDLY DELETED
This is the correct information that we posted on 19th November 2007:

The ‘information’ posted below represents a deliberately malevolent, false disinformation picture which has no bearing on reality. It is a travesty of the truth of the matter and cites Christopher Story as the author of some of the disinformation, which is libellous and implies that Story, the veteran
Editor of International Currency Review of nearly 40 years’ standing, is engaged in the egregious dissemination of lies, which is not the case.

This is such an egregiously malevolent stub of disinformation that readers should prudently dismiss it altogether; they should start afresh by accessing Christopher Story‘s website, which is: www.worldreports.org., reading from the Archive.

www.worldreports.org is the authoritative source for all updated information on Ambassador Lee Emil Wanta. The source ‘Thieves’ World’ was a CIA disinformation work prepared by the late CIA disinformation operative Claire Sterling, published in 1994.

This stub regurgitates ancient lies perpetrated by the CIA, which lied for many years that Lee (Leo being his intelligence community name) Wanta was dead. The CIA proclaimed that he was dead so that corrupt cadres could ransack his funds (see below).

He ‘ceased to be dead’ with effect from 21st July 2005 after Christopher Story, a British private citizen, had paid $35,000 from his scarce private funds pro bono publico by way of ‘restitution’ to an American lawyer for onward payment to the Wisconsin State Department of Corrections, to procure Mr Wanta’s release from his illegal probation.

Despite his Ambassadorial status, Wanta had been illegally ‘taken down’ in Switzerland on 7th July 1993 without a warrant on a trumped-up Wisconsin State charge of having failed to pay $14,129 in falsely assessed Wisconsin State fabricated tax that he never owed because he had been resident in Vienna on US Presidential intelligence work since June 1988.

This data is all in the public domain, has been published for several years in International Currency Review, the Journal of the World Financial Community, and can be read on Mr Story’s website.

International Currency Review is a banking and financial journal with a worldwide circulation:
ISSN 0020-6490. It is published by World Reports Limited, London.

Notwithstanding that this fabricated tax demand (orchestrated by US criminal intelligence) had been paid twice under protest by Lee Emil Wanta from abroad (in May and June 1992), the funds were improperly allocated by the Wisconsin State Department of Revenue and were never credited to the false account maintained by them for the Ambassador. (Christopher Story holds documentary
proof of both payments). They were paid a third time by Christopher Story in June 2005, which action duly procured Mr Wanta’s release from illegal probation effective 14th November 2005.

As a consequence of Wanta thus ceasing to be dead, the CIA’s lie that he was dead collapsed in chaos, and all the subsidiary old false witness lies that the CIA had perpetrated, including those assembled for disinformation purposes in the stub below (which, in line with the standard false witness used throughout by detractors, attempts to portray Christopher Story as a source of disinformation) were discredited as well.

Why was Wanta taken down? So that the criminal intelligence cadres running the US Government could ransack the $27.5 trillion of funds assembled by Leo Wanta on President Reagan’s orders, in the course of his Financial Warfare operations against the USSR.

Under Reagan’s Executive Order 12333 of 1981, US intelligence officers were permitted to establish corporations which could thereafter contract with the CIA/DIA/DEA/NSA et al for the purpose of fulfilling allotted intelligence tasks allocated to them.

The financial proceeds of operations conducted by such corporations were consequently the property of the corporations and thus of their shareholders, a legal fact of life which has never been, and cannot be, disputed. This was not a good idea because almost all US intelligence
operatives are liars and do not function on the basis of the Rule of Law at all, if they can help it.

Lee Wanta is the well-known patriotic exception to this rule: he operates solely in accordance with US law, in contrast to the behaviour of other US operatives, which is why the kakocracy* needed to remove him from the scene, as duly occurred July 1993.

Once Wanta had been illegally arrested (contrary to international law, as a diplomat) and then thrown into a stinking Swiss jail on 7th July 1993, the criminal cadres inside the US official structures immediately ransacked Mr Wanta’s bank accounts according to plan.

The history of this matter is, and has been, elaborated in great depth on Christopher Story‘s website www.worldreports.org. and has been extensively published, as mentioned, in International Currency Review and other World Reports Limited intelligence publications.

Students are advised perhaps to begin with the ‘Wisconsingate’ report dated 6th August 2007, which forensically dissects, with detailed documentary back-up, the Wisconsin Department of Revenue’s tax fabrication operation against Wanta, stretching back for over 20 years, that has been exposed by Christopher Story in minute detail, and which formed the fabricated basis for Wanta’s illegal takedown in 1993, despite the fact that Wisconsin has no jurisdiction beyond its borders.

The overall Wantagate crisis, which is the sole and continuing underlying cause of the prevailing global financial and economic day of reckoning that the world is now facing, has been triggered by the fact that the George W. Bush Jr. White House, aided and abetted by other senior office-holders, hijacked the compromise financial settlement of $4.5 trillion that the White House itself agreed (in a classified accord that was finalised in May 2006) should be paid over to Ambassador Wanta, so that the stolen and diverted remaining $23 trillion of his funds (and the many hundreds of trillions of dollars hypothecated upon them) could be released from a de facto lien arising from the collapse of the CIA’s lie that Wanta was dead.

For clearly, since he had ceased to be dead, 100% of these funds (plus the hundreds of trillions of fiat ‘funny’ money generated by illegal leveraged operations from that base) belonged to Lee Wanta and to no-one else: a situation that the banks ‘could not handle’.

The entire narrative of what has become the worst financial corruption crisis in world history (which this stub consisting of disinformation attempts to obfuscate) is set out in great detail on Christopher Story‘s website www.worldreports.org., to which all readers are directed in order for the accurate state of affairs to be understood. As indicated, this stub below is a travesty and a disgrace, as it regurgitates long since discredited CIA lies, presents a diversionary, distorted and misleading picture, and because it malevolently incorporates Christopher Story as a source for some of this disinformation.

It is a disgusting instance of ignorant and malevolent US counterintelligence disinformation and deceit at its very worst.

All the statements in the above commentary may be verified by reference to www.worldreports.org and International Currency Review. Another publication covering this matter in detail is Economic Intelligence Review, also published by World Reports Limited, London. Wanta students should access the Archive on the www.worldreports.org Home Page.

A book devoted to Ambassador Wanta and the Wantagate crisis is in preparation

The Wanta disinformation referred to above has been deleted from this page. ENDS.

DIPLOMATIC STATUS OF THE PRINCIPALS
The Ambassador and his colleagues now have special diplomatic status (conferred upon them by HM The Queen in 2007), which means that the Ambassador is now an Ambassador several times over. This factor greatly complicates the intended discrediting offensive that the mad US stupidity community’s Dark Forces contemplate, their sole objective being of course to cover up their own criminality, in line with pending ‘thought crime’ legislation which has the same Nazi-style objective.

*Note: ‘Kakocracy’: Governance by a clique representing the worst elements of society, in their interests and to the exclusion of all other interests, from the Greek, kakos, meaning foul, or filthy.

Ambassador Leo Emil Wanta: Diplomatic Passport Numbers 04362 & 12535 a.k.a. Frank B. Ingram [FBI] (Sector V) SA32NV; and a.k.a. Rick Reynolds, SA233MS. AmeriTrust Groupe, Inc: Federal EIN Number 20-3866855; Virginia State Corporation Identification Number: 0617454-4; Virginia State Department of Taxation Identification Number: 30203866855F001.

• Please be advised that the Editor of International Currency Review cannot enter into email correspondence related to this or to any of the earlier Wantagate 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.