WHY ADMIRAL DENNIS C. BLAIR WAS SACKED BY OBAMA

chrisstory

HE PUSHED FOR THE RELEASES AND OBTAINED COPY CHECKS OF BIDEN, GEITHNER AND EMANUEL’S BUSH BRIBERY PAYMENTS

Monday 24 May 2010 02:30

• NEWS FLASH: 25th May 2010: Timothy Geithner, the US Treasury Secretary and corrupt Payola recipient, tried to do a deal with the Chinese authorities during his just-completed visit to Peking (which was why he went there) and was told in no uncertain terms: NO DEAL. GET IT DONE.

• NOTE ALSO SEPARATE IMPORTANT UPDATES [25TH MAY] INCORPORATED IN THE TEXT

• SEE UNDER THE GREEK SEGMENT BELOW:
THE GREEK DEBTS ARE VOID BECAUSE THE UNDERLYING CONTRACTS WERE ENTERED INTO FOR AN ILLEGAL PURPOSE. THEREFORE, THE GREEKS SHOULD REPUDIATE 100% OF THE FRAUDULENT DEBT ON THIS SOUND LEGAL BASIS, AND SEND THE FOREIGN (INCLUDING GERMAN) MONEY BACK WITH A NOTE SAYING: ‘THANKS, BUT ON SECOND THOUGHTS, NO THANKS’. THIS WOULD ACCELERATE THE TOTAL COLLAPSE OF THE FRAUDULENT FINANCE SECTOR, WHICH IS HAPPENING ANYWAY. GREECE WOULD BE ON SOLID LEGAL GROUND.

• THE REAL REASONS BEHIND THE ‘RESIGNATION’ OF ADMIRAL DENNIS C. BLAIR

• BIDEN TOLD WHAT WILL HAPPEN IF HE DOESN’T CEASE AND DESIST

• OBAMA’S LIES TO THE HIGHEST BRITISH AUTHORITY EXPOSED

• UPDATE, 25th May: THE SARAH FERUGSON EPISODE:
ANOTHER OPERATION AGAINST THE BRITISH MONARCHY

• THE CURSE OF STORY

• CHENEY’S ATTEMPT TO STEAL $2.0 TRILLION FROM BoA, ATLANTA

• UPDATE, 25th May: CHENEY ET AL THEN TRIED TO CASH BOGUS CERTIFICATES IN PARIS

• CRIMINAL CIA OPERATIVE CHENEY WALKS AWAY FROM HIS ATTEMPTED BANK ROBBERY.
A BRIT GETS THREE MONTHS AND DEPORTATION FOR A MINOR TRAFFIC INFRACTION.

• WHY DID THE CIA’S BANK PHYSICALLY EJECT CHENEY ET AL?

• THE WORLD FELL APART WHILE THE CROOKS CONTINUED STEALING

• CRISIS AND CURE ARE EXCLUSIVELY RESULTS OF THE CRIMINALITY EXPOSURES

• AS MI6 HAS JUST DISCOVERED, THE WHITE HOUSE LIES TO EVERYONE, EVEN THE QUEEN

• THE CURSE OF GEORGE H. W. BUSH AND THE ‘EUROPEAN CRISIS’

• CITIBANK, ATHENS: LOCUS OF WANTA’S BUSH SR. ACCOUNTS

• GERMAN BANKS SCAMMED BY BUSH, WHEREAS STOLEN BUSH
AND GORBACHEV PROCEEDS ARE STASHED IN ST GALLEN, SWITZERLAND

• BEHIND AGITPROP SECRETARY MERKEL’S ‘EURO IN DANGER’ PLOY

• FORMER BUNDESBANK PRESIDENT DID NOT DENY IN 1998 THAT GERMANY
MAY HAVE HOARDED DEUSTCHEMARKS IN ANTICIPATION OF THE EURO COLLAPSING

• GREECE SHOULD HAVE TURNED DOWN
THE GERMAN MONEY AND RESTORED THE DRACHMA

• U.S. SENATE BLOCKS IMF PAYMENTS TO DEBT SPIRAL COUNTRIES

• PAN-GERMAN POLITICAL HEGEMONY PROJECT UNRAVELLING

• 9/11: MORE DOCUMENTED ‘SMOKING GUN’ INTELLIGENCE

• REPORT FROM LONDON: ‘NICK, NICK, THE QUEEN EXPECTS ME TO GO’

• DOCUMENTS PREVIOUSLY BLOCKED BY BROWN (ON BEHALF OF GEORGE W. BUSH)
DELIVERED AT THE HIGHEST LEVEL IMMEDIATELY AHEAD OF BROWN’S RESIGNATION

• NEW UK GOVERNMENT RUSHES TO INGRATIATE ITSELF ABROAD: A SIGN OF WEAKNESS

• WHY HAMID KARZAI CIRCULATED D.C. IN AN ARMOURED ‘CARAVAN’

• CAMERON COW-TOWS TO SARKOZY, STANDS UP TO MERKEL

• EUROPEANS TOLD THINGS THEY DIDN’T WANT TO HEAR

• MERKEL DEPLOYS HER COMMUNIST EXPERTISE TO PRESS FOR A NEW TREATY

• NEW U.K. GOVERNMENT FAILING TO ADDRESS CRUCIAL ISSUES

• ANNEX THE VAT TAX REVENUES TO THE TREASURY

• VAST, UNSUSTAINABLE COST OF BRITISH E.U. MEMBERSHIP

• 55% RULE REVEALS COALITION’S FEAR IT CANNOT OTHERWISE SURVIVE

• LIST OF ISSUES THAT NEED URGENT ATTENTION
BUT ARE BEING IGNORED BY THE COALITION

• COALITION INFESTED BY GERMAN ‘COMMON PURPOSE’ PSY-OPS

• SEVERE TENSIONS ALREADY WRACKING BOTH COALITION PARTNERS

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

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

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

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

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

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

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

• CMKM/CMKX CASE DOCUMENTS:
Press Archive for this report [29th January 2010]
Case Number CV10-00031 JVS (MLGx):
SERVICE OF CMKM.CMKX $3.87 TRILLION SUIT VS. S.E.C.
You can also access the CMKM/CMKX text at: http://viewer.zoho.com/docs/paKdda
The biggest lawsuit in world legal history: The phantom share giga-scandal.

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

NEW REPORT STARTS HERE:

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

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

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

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

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

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

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

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

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

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

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

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

Quite right, it wasn’t.

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

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

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

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

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

• UPDATE. 25th May: The Daily Telegraph reproduces the deliberately diversionary spin report referenced above, on page 15 of the London edition, in an article entitled: ‘US spy chief ‘was forced to quit in row over France”. Thus we have confirmation that The Daily Telegraph newspaper is apt to reproduce American official diversionary propaganda and gross distortions of the truth without investigating what lies behind them. This example also manifestly demonstrates that The Daily Telegraph doesn’t bother to read our reports. The intelligence cell resident in the Press Room (as in all key Press Rooms on both sides of the Atlantic) no doubt sees to it that this never happens.

• By contrast, we have a report from Shanghai confirming that our reports are now accessible throughout China with no impediments whatsoever, whereas a year or so ago they were only accessible in the main international hotels.

BIDEN TOLD WHAT WILL HAPPEN IF HE DOESN’T CEASE AND DESIST
It was made clear last week to Vice President Joseph Biden that if he continued with his sabotage, he would cease to be vertical in short order.

• UPDATE. 25th May: There are reports that the motorcades of both Vice President Joseph Biden and the former President William Jefferson Rockefeller-Clinton have recently been involved in accidents. Clinton’s van was hit on 24th May while he was en route to Yale to deliver a speech in which he decried the ‘birthers’ attacking Obama. Biden’s motorcade was involved in yet another accident a couple of weeks ago. We should have twigged, when reporting the earlier incidents of Biden’s road transportation being involved in accidents, that these episodes represent warnings of much worse to follow: viz. signals to the Veep (and Clinton) to cease and desist their sabotage.

It is also believed that a similar message was conveyed to President Barack Obama, although our intelligence on Biden is firmer. Close observers of ours have confirmed that, appearing in public, Biden appeared to be ‘visibly disturbed’. As well he might be.

Separately, the focus on France contained in The New York Times’ report was appropriate on purpose, indicating where a serious problem had arisen, but carefully not dealing with the actual issue – namely a French fraud associated with the releases, believed to have involved Pearce and the Bush CIA operative based in Dallas who was in touch with us for two and a half years until last January, when we basically outed him.

According to our latest information, these two veteran operatives were arrested. At all events, we are advised that ‘the French fraud has been dealt with’ – a major step forward, as we now know that the Dallas-based operative was spying on us on behalf of the Bush Financial Crime apparat all that time. There are unconfirmed hints that the aforementioned fraudsters were horizontalised.

OBAMA’S LIES TO THE HIGHEST BRITISH AUTHORITY EXPOSED
Although we cannot go into much detail, on Friday evening 21st May (or at the latest, Saturday morning) copies of the letters from Mr A. Clifton Hodges copied to us here and displayed in the preceding report were received at the highest level through our intermediary, addressed to the most senior official serving the Monarchy.

Combined with the package of materials that had been delivered by the same means on the morning of Gordon Brown’s resignation (see again below), the highest level in London now realised that the Obama White House had lied to them.

This will also have become apparent to the MI6 officers who thought last week (as we reported earlier) that everything was ready to go: which information, as we stated, was erroneous. It appears that the MI6 (MI9?) officers concerned realised, with our publication of Mr Hodges’ letters to the President, that they, along with the Palace, had indeed been lied to.

We understand that the beneficial equivalent of all hell breaking loose then ensued on Saturday.

UPDATE, 25th May: THE SARAH FERUGSON EPISODE:
ANOTHER OPERATION AGAINST THE BRITISH MONARCHY
In the past, we have briefly alluded to an operation run by the Office of Naval Intelligence (ONI) some time ago, in which a 24-year-old Italian-American was exposed as involved with one of Prince Andrew’s daughters while still a child. We commented that this represented a despicable covert US intelligence thrust to destabilise the Monarchy (one of many such ongoing underhand initiatives by the US Intelligence Power), by taking advantage of the dysfunctional state of affairs surrounding Prince Andrew and his former naive and guile-less wife.

The latest unfortunate episode involving Sarah Ferguson is another chapter in this sequence, albeit transacted by The News of the World, a dirty, scrurrilous Sunday newspaper owned by the dirty, scurrilous media mogul Rupert Murdoch, using a reporter of Pakistani origin, please note.

One dimension of the latest episode is that Prince Andrew has struck up close connections with the former Khazakh Communist Party Boss, Nursultan Nazarbayev, who is engaged in building a monstrous city largely designed by the pagan British architect Sir Norman Foster, which features a significant number of geomasonic buildings, including a colossal pryamid containing in-your-face masonic symbolism, and two buildings mimicking Jachin and Boaz, the pillars in Solomon’s Temple.

Nazarbayev glided seamlessly into the Bush Crime Syndicate orbit and has been photographed with George W. Bush, the implication being that the upgraded city being constructed with Khazakh energy and uranium wealth is intended to represent one of George Bush Sr.’s ‘thousand points of light’, meaning cities dedicated exclusively to the darkness. This is confirmed by the fact that Mr Nazarbayev changed the city’s name to Astana, being an anagram of the Russian for Satan, satana.

So the latest Fergie episode can be seen in this context to be yet another operation, handled via cutouts, to destabilise the Monarchy but in particular to discredit Prince Andrew, whose work has made serious inroads into a bailiwick that the Bush Crime Family thought they had all wrapped up.

The forthcoming issue of our intelligence publication Soviet Analyst has a detailed exposure of Astana and how Nazarbayev is squandering Kazakh wealth on sterile geomasonic power symbols.

THE CURSE OF STORY
At the top of our report dated 11th May 2010, we revealed (see also above) that US Vice President Joseph Biden, US Treasury Secretary Timothy Geithner, and Rahm Emanuel, the White House Chief of Staff, are/were in receipt of weekly and monthly bribery cheques in exchange for their continued assistance to the Bush-CIA ‘Black’ apparat in blocking the releases which the White House has hijacked under both the Bush II and the Obama régimes.

As usual, and in accordance with their confusion-mongering and disinformation instructions, the flaky US websites magnifying the unprovenanced opinions of anonymous bloggers and thereby serving the obfuscation interests of the ‘Black’ apparat by specialising in maximising the fog of confusion to help protect the US kleptocracy from exposure (while maintaining an opposite self-righteous stance) ran off at once down rabbit holes with the historical Fritz Kraemer information, disregarding the sensational revelation concerning these highest-level bribees.

This is typical of these professional confusion-mongers: they are trained to pick up peripheral data and thereby to obfuscate the central issues that have been exposed. It’s called ‘redirection’.

Notwithstanding this typical ‘Black’ response, the curse of Story descended upon both the Bush and the Biden families with a vengeance following that posting. Specifically:

• Vice President Joseph Biden’s son Beau, Attorney General of Delaware, collapsed on the same day that we posted the revelation about Vice President Biden’s acceptance of these Bushbribes. One can speculate that the shock of learning that his father was at the receiving end of Payola – and more to the point, knowing how these people think, that this scandalous state of affairs had been exposed – may have been too much for the Delaware Attorney General, not least given his official status. After all, as we pointed out, and as every American schoolboy knows, acceptance of bribes while holding high office is an IMPEACHABLE OFFENCE. It remains to be seen whether what remains of the emasculated US Rule of Law kicks in here, or whether the preference will yet again be to brush this abomination under the filthy carpet at the Veep’s official residence.

• On 18th May, the brother of George H. W. Bush – William H. T. Bush, aged 71 – collapsed during an Annual Meeting of health insurer WellPoint Inc., held naturally in Indianapolis, thus bringing an abrupt end to a noisy meeting of discontented shareholders.

William Bush was transferred to the Methodist Hospital in Indianapolis. According to the de facto US State Information Agency, Associated Press, he was enduring a question-and-answer session with other directors when he moaned and leaned over to his right side.

Officials seized the opportunity to clear the room, leaving disident shareholders bewildered. The Associated Press report elaborated that ‘The insurer has received strong criticism from the Obama Administration and others for planning rate hikes of 25% or more for some of its customers. Several company critics attended the meeting’.

It is of course standard US intelligence practice to ‘check into hospital’ whenever the going gets rough, so it may be the case that this was a device to get the meeting closed down. However the circumstances strongly suggest otherwise. It will be recalled that Mr Biden’s ‘Black’ predecessor, former Vice President Richard B. Cheney, whom we believe to be ‘perfectly possessed’, was in the habit, from time to time, of checking into the hospital at the casualty entrance, and, after a polite interval, stepping into his limousine from a back exit from the hospital.

CHENEY’S ATTEMPT TO STEAL $2.0 TRILLION FROM BoA, ATLANTA
As reported here on 21st May, this same CIA criminal operative, former Vice President Richard B. Cheney, accompanied by Carlyle Group executives and thugs, appeared late on Wednesday 19th May at Bank of America, Atlanta, and attempted to steal $2.0 trillion from the funds allocated for the releases. Since precisely such a move had been anticipated by the Gold Badge Signatory (whose identity is revealed in Mr A. Clifton Hodges’ letters posted by us on 21st May), they were caught in flagrante and physically ejected from the bank.

These criminal thugs should have been cuffed and thrown face-down into the back of an armoured police van, and removed for immediate incarceration sine die pending indictment for attempted bank robbery. There is no indication as to whether such a sequel materialised, which is why we castigated the American law enforcement authorities as weaklings and cowards.

UPDATE, 25th May: CHENEY ET AL THEN TRIED TO CASH BOGUS CERTIFICATES IN PARIS
It transpires that Cheney, the Carlyle executives et al first tried to cash bogus gold certificates for $2.0 trillion at Bank of America, Atlanta. Then, over the weekend of 21st-22nd May, they attempted to cash the bogus gold certificates in Paris (‘the French fraud’). This operation failed, as well.

• What this demonstrates is that the official US criminalists are now DESPERATE, and essentially that ‘it’s over’. They have been exposed and caught in flagrante. Their entire edifice of corrupt operations is collapsing. These developments are of exceptional importance for the future.

CRIMINAL CIA OPERATIVE CHENEY WALKS AWAY FROM HIS ATTEMPTED BANK ROBBERY.
A BRIT GETS THREE MONTHS AND DEPORTATION FOR A MINOR TRAFFIC INFRACTION.
By contrast, a British contact of the Editor’s who had been resident for some time in the United States, reported to us on 22nd May, that, earlier this year, he was arrested and then jailed for three months for a minor traffic infringement.

On being released from the US Gulag, he was deported to Britain. This case illustrates the extreme skewing of the Rule of Law in the United States, which on the one hand allows notorious financial criminals like Mr Cheney to retire with apparent impunity from their latest attempt to rob Bank of America of $2.0 trillion on behalf of the Bush-CIA Crime Syndicate, while on the other hand jailing a Briton for three months for a minor traffic infringement, followed by deportation.

WHY DID THE CIA’S BANK PHYSICALLY EJECT CHENEY ET AL?
You way well ask: why were Cheney and his henchmen physically ejected from the bank, given that Bank of America is the CIA’s primary tame institution, and given further that the Director of Central Intelligence, Leon Panetta, has remained himself, as we have reported, engaged in the systematic blocking of the settlements (playing the familiar cynical game of shuttlecock with Mr Geithner and President Obama, each blaming the others, so that no progress is made – exactly the same tactics that were routinely used by Paulson, Cheney, Chertoff and the other odious scum of the earth that controlled the US structures under the corrupt President George W. Bush).

The question can only be answered generically. Inside a sack, rats attack other rats. Jealousy and hatred prevail and the thieves turn on each other. In the Atlanta context, it will be recalled that we have reported that further waves of bankers have been arrested since March, so one assumes that the bank officers at Bank of America, Atlanta, knew this and sensibly, for once, refused to go along with the Cheney-Carlyle heist on behalf of the Bush-CIA Crime Syndicate. Additionally, since the intended bank robbery was anticipated and the monies were heavily ‘marked’ electronically, the bank officers concerned would themselves have been thrown into jail or extradited to Europe by INTERPOL had they accommodated such an outrage.

More to the point, as the BoA heist was correctly anticipated, the intention may have been to catch these crooks in flagrante so that they can be arrested and indicted later. Americans and the whole world are crying out for the likes of Mr Cheney to be physically arrested in front of the world’s TV cameras. US associates of ours call for a much messier display to be televised, as we mentioned in the report dated 11th May 2010.

It is just (but only just) possible that what is preventing this from happening is a fear that such a display would publicise the depths of US decay, decadence and degradation – whereas the reality is that the televised arrest of a mastercrook like Cheneyscum would, on the contrary, immediately restore a degree of both domestic and external confidence that the American Republic can save itself from being completely destroyed by this corruption. But don’t ‘bank’ on it.

THE WORLD FELL APART WHILE THE CROOKS CONTINUED STEALING
As you can see, the whole world has been falling apart, with stock markets lending new meaning to the word ‘toilet’ – and yet these serial US criminals have continued to stonewall, bribe, hijack, lie, whine, writhe and wriggle their way as though there was no crisis and they were simply engaged in their usual non-stop scamming and stealing operations. (Remember, however, that what we report, though almost ‘real-time’, is in fact historical. Consider carefully what has just been said here).

Their objective is to stop the Dollar Refunding operation at all costs, out of jealousy and fear of ‘losing control’ (which is happening anyway) while repeatedly seeking to steal as much of the underlying real money they can grab hold of – just as happened in the Soviet Union from 1991 onwards. The very latest failed attempt at stealing funds was the thwarted ‘French fraud’.

• The fact that the finances of the world are crumbling daily before the crooks’ shaded eyes is of no concern whatsoever to these criminals.

They have been trying every ruse under the sun to steal real funds from the release monies: and of course we have only been able to report a few of these operations: the crass attempt to divert the funds via the serial thief and felon Wanta, Bush Sr.’s scamming facilitator and former courier, into a fake ‘virtual’ Central Bank of the non-existent Principality of Snake Hill, but in actual fact via the French Embassy thanks to the former French Ambassador to the United States, M. Levitte, who is now President Sarkozy’s top intelligence adviser. M. Sarkozy’s half-brother, ‘Oliver’ Sarkozy, is a senior executive with the Carlyle Group which sent executives with Cheney on the evening of 19th May to try to relieve Bank of America, Atlanta, of $2.0 trillion of the release funds.

Then there was the equally crass imposition of the Biden-linked Mafioso Salvatore R. DeFrancesco as ‘secretary’ on the complicit Pennsylvania Department of State Corporation Bureau’s screen for Pennsylvania Investments Inc., which we exposed and which resulted in the Gold Badge Signatory having to acquire bodyguards day and night.

Next, the CIA leaked a ‘fatwah’ against the Gold Badge Signatory, namely a formal execution order – a factor that may have emboldened that blockhead Cheney into assuming that he could safely risk the attempted heist at the Bank of America, Atlanta. Whether the leaking of this information formed part of a smokescreen generated by the Intelligence Power to sow further confusion, as we later surmised, has not really been clarified.

CRISIS AND CURE ARE EXCLUSIVELY RESULTS OF THE CRIMINALITY EXPOSURES
Yet despite all this (and the years of reportage on this crisis that preceded it), as you can also see, the dumb so-called ‘mainstream’ media have STILL not understood that the crisis is EXCLUSIVELY A CONSEQUENCE of the exposure of the endless financial criminality of the organised criminals who have long since hijacked and remain in charge of the US Government and structures.

• President Obama’s words are always smooth: but it is by his actions, or lack of action, that he is to be judged. And on that criterion, he has set himself up as simply yet another Bush-worshipping Financial Terrorist wearing the familiar garb of President of the United States.

Just how deep this culture of open-ended, unrestrained criminality has penetrated the American structures more generally, is confirmed, for instance, by reports of the free-wheeling operations of the Church of Satan inside the US military, which is said to be ignorant of, and indifferent to, the extreme dangers of the esoteric rituals and practices now prevalent in its ranks. One military wife has reported in detail on the satanic rituals her husband had to go through in order to secure advancement. In other words, he had to sell his soul to Satan if he wanted to continue his career.

Although this is simply indicative of the evil and corruption that has overwhelmed the US structures like a ghastly avalanche of sewage, any Government that thinks it’s OK to invade another country (Iraq) using depleted uranium shells, is manifestly bound to Satan anyway.

Iraqi doctors are reported to be outraged that cancer is spreading throughout the Iraqi population. Cancer rates in the Province of Babil have risen almost tenfold in just three years. Specifically, in 2004, 500 cancer cases were diagnosed there. Two years later, the figure had risen to 1,000. By 2008, the number of cancer cases in Babil Province had soared to 7,000.

• The situation there is now believed to be completely out of control.

The stupid British military, which goes along with US military abominations, or has done hitherto, reportedly also allows Satanists to practice their ‘religion’ inside its ranks. It is likewise complicit in the use of weapons of mass destruction, which is what depleted uranium shells undoubtedly are.

AS MI6 HAS JUST DISCOVERED, THE WHITE HOUSE LIES TO EVERYONE, EVEN THE QUEEN
The point of all this is that given the extreme darkness that has long since descended upon the Beltway and beyond, anyone (especially laid-back British intelligence cadres) who imagines that undertakings given by ANY component of the US structures can be relied upon, is in urgent need of brain surgery. As reported in our 21st May item, ‘London’ was telling its Stateside contacts on 20th May 2010 that everything was in order for the distribution – an assessment which was 100% inaccurate, indicating either that these people are not up to speed, or that they remain under the delusion that US official undertakings have meaning. They don’t. American official honour has been decimated by these organised criminals, and the sooner the complacent and opinionated British establishment recognises this basic reality, the better.

• They have now understood that they were lied to by the White House and the CIA.

Certainly, British officials do no service to The Queen by buying into the latest batch of lies spewed out by their corrupt American counterparts. If MI6 officers were in fact themselves lying, this would indicate that the gut-rot from the other side of the Atlantic is corroding their mental facilities, too.

Interestingly, when we put this possibility to a knowledgeable US source, he responded; ‘It doesn’t matter if they were lying. So what? The crisis is so out in the open now (among those ‘in the know’) that any lies are exposed almost the moment they are perpetrated’. True!

Our old rule of thumb – that public lies, like plutonium, have a half-life, and that their average life expectancy is seven years – appears no longer to be valid in this context. On the contrary, in the prevailing escalating chaos, an official lie is liable to be seen to be a lie – making it much harder for inveterate intelligence liars to get away with whatever dirty tricks they were trying to perpetrate.

THE CURSE OF GEORGE H. W. BUSH AND THE ‘EUROPEAN CRISIS’
George H. W. Bush’s dirty finger marks are to be found all over the ‘European crisis’ – up to and including, of course, the ‘French fraud’ that has just been stifled (see above) – arising from the free-wheeling Fraudulent Finance involving securitisation, which is illegal.

This is because, as previously revealed by this service, Citibank, based in Athens, handled counterparty derivatives transactions with elements of the Bush-Cheney Fraudulent Finance cadres, accumulating a vast portfolio of completely worthless ‘Trashets’ for which ‘good’ money (i.e. Euros) had been exchanged.

Like all derivatives transactions and trading contracts applicable under US law and in Common Law countries, all contracts entered into for an illegal purpose are by definition null and void – which means that more or less the entire universe of such derivatives transactions are in fact void, and can be challenged in court – a state of affairs that hasn’t arisen yet, since every residual party to this scamfest is hoping that such a meltdown can somehow be avoided.

But that is the ‘bottom line’: and even the bewildered organised criminal strategists know that the vast accruals that they have stashed offshore are intrinsically worthless, since they can no longer reveal ‘source of funds’ as required under the Basle banking requirements, without compromising themselves and facing inter alia charges of tax evasion.

This is because not only are these ‘earnings’ illegitimate, having involved inter alia tax evasion, but they are derived from contracts that are null and void because they were entered into for a criminal purpose. The Bush-CIA criminalist designers of these scams sought to export their Fraudulent Finance operations precisely because they are wholly illegal in the United States – whereas the participation, for instance, of corrupt Greek bankers at Citibank supposedly lent such illegal transactions ‘50% legitimacy’. We can now see where this careless assumption has led.

CITIBANK, ATHENS: LOCUS OF WANTA’S BUSH SR. ACCOUNTS
Citibank, Athens, was the locus of accounts set up by Bush’s former courier, the dual-named Lee/Leo Wanta – that Bush-protected criminal operative and scam-master, who stole a bona fide loan that got his probation shortened by five years and two weeks with the aid of his co-conspiring CIA Attorney, Steven Goodwin, of Richmond, VA.

In other words, instead of running a country, the previous Greek Government preferred instead (like Bush’s partners in Iceland, Ireland and elsewhere) to run a huge Ponzi scheme – squandering the nation’s liquid currency resources in exchange for what has turned out to be minus zilch.

GERMAN BANKS SCAMMED BY BUSH, WHEREAS STOLEN BUSH
AND GORBACHEV PROCEEDS ARE STASHED IN ST GALLEN, SWITZERLAND
Now the important point here is that Germany, Bush Senior’s closest collaborator, is in the same boat in this respect as Greece: its big banks (Deutsche Bank, Commerzbank, Dresdner Bank) are reportedly stuffed to the gills with worthless ‘Trashets’, given not least that Frau Angela Merkel – the former Secretary of the Agitation and Propaganda Department of the Young Communists at Marx-Lenin University, in case you had forgotten – has been acting as Bush Senior’s ‘gatekeeper’ in Germany, a.k.a. agent supervising the Bush Crime Family’s business in German institutions.

It appears, though, that the tangible fraudulent Bushwealth has been stashed in Deutsche AG, formerly Barrington Investment Group, of which the partners are, also in case you had forgotten:

• George H. W. Bush, former President of the United States.

• Mikhail Sergeyevich Gorbachëv (Orbach), former President of the Soviet Union and before that, head of the all-powerful CPSU Administrative Department, which rôle he has long since resumed, operating from a large wing in the Kremlin.

Gorbachëv’s version of the World Revolution is in full swing, and the ignorance of many Americans on this score (we have been told that the new generation can’t even remember who Mr Gorbachëv was) is intolerable. Gorbachëv is BEHIND THIS MESS: wake up!

• Dr Helmut Kohl, former Chancellor of Germany, whose unsavoury ‘Black’ background has been partially re-exposed by this service.

• Dr Josef Ackermann, CEO of Deutsche Bank AG.

BEHIND AGITPROP SECRETARY MERKEL’S ‘EURO IN DANGER’ PLOY
Bush’s agent and former Communist agitprop operative (STASI), Frau Merkel, has made what the British would call ‘a right pig’s ear’ of the ‘Euro crisis’ arising EXCLUSIVELY as a consequence of Germany’s own self-indulgence in Fraudulent Finance transactions, replicated inter alia in Greece.

• Essentially, the Germans have been caught at their own corrupt game: and they are in a panic. Equally panicked are the French, who allowed Banque Paribas to accumulate over 3,000 Bush Sr.-linked accounts, handled by Barbara Bush’s Pearce relative.

As we pointed out earlier, the Germans care not a Greek iota for the plight of Greece. No. What concerns the STASI operative at the top in Germany is the prospect of the COLLAPSE OF THE GERMAN HEGEMONY PROJECT.

• Specifically, Frau Merkel told the Bundestag on 19th May 2010:

‘This challenge is existential and we have to rise to it. The Euro is in danger. If we don’t deal with this danger, then the consequences for Europe are incalculable’.

‘If the Euro fails, then Europe fails’..

However what the former Communist agitprop secretary failed to remind the Bundestag was that sober observers had warned right through the 1990s and especially in 1998 that the attempt by Germany to impose ‘irrevocable exchange rates’ (as provided for under the Maastricht Treaty) on ancient economies which had developed quite separately from Germany, would end in disaster as soon as a really serious ‘shock’ – such as has occurred following ‘Greece’ – materialised.

For instance, we ourselves incurred much unpopularity from the likes of the Bank of England and the brainwashed National Bank of Belgium for warning, in successive articles that we published in International Currency Review, that the EU’s Collective (Common) Currency System contained the glaringly obvious seeds of its own destruction.

In those days, no-one took the slightest notice, and most observers thought we were nuts. Peter Jay, the former British Ambassador to Washington, published an article which drove home our points, but that made no difference either.

So the blatant hand-wringing, pleading for mercy, Teutonic reactions and other predictable and cowardly displays of a growing realisation that the whole confounded pan-German ‘European project’ is indeed doomed to failure, cuts no ice whatsoever in this office.

On the contrary, the perpetrators of this foolish and arrogant scheme are facing what we predicted they would ultimately face: the collapse of their hegemony project, followed by the chaos that Frau Merkel fears. Once again, the Germans, as is their wont, have overplayed their hand.

FORMER BUNDESBANK PRESIDENT DID NOT DENY IN 1998 THAT GERMANY
MAY HAVE HOARDED DEUTSCHEMARKS IN ANTICIPATION OF THE EURO COLLAPSING
Not that Germany itself failed to anticipate such an outcome. On the contrary, as we have also reported on several occasions, the former President of the Bundesbank, Dr Hans Tietmeyer – now running the super-corrupt Vatican Bank on behalf of his German Jewish Papal Master, and looking after the Bush-related accruals held there – refused to answer a key question put to him at a press conference attended by one of our colleagues in 1998. The question was this (paraphrase):

‘Dr Tietmeyer, has the Bundesbank taken the precaution of printing and storing adequate supplies of Deutschemarks for distribution should the Euro system disintegrate in the future?’

As indicated, Dr Tietmeyer did not pooh-pooh this question. He didn’t deny that the Bundesbank had taken such a sensible precaution. He just refused to answer the question. The implication is that the Bundesbank has adequate supplies of deutschemarks in stock for the eventuality finally acknowledged by Frau Merkel, which could be distribuited very quickly.

GREECE SHOULD HAVE TURNED DOWN
THE GERMAN MONEY AND RESTORED THE DRACHMA
So, reverting to Frau Merkel’s statement that ‘the Euro is in danger’, the critical point underlying this observation is as follows. Germany has provided a substantial sum of ‘good’ money in loans to help ‘bail out’ Greece (on a temporary basis). Which means that Greece has to pay this money back with interest (somehow).

If Greece were to extract itself suddenly from the Collective Currency, its replacement drachma would naturally be sharply devalued against the Euro – which would leave Greece in an even worse situation, as it would have to repay the Euro-denominated loans with devalued drachmae.

Which means as follows:

• Number One: Greece is caught and can never get out of its bind, short of its entire external debt being written off. Presumably Frau A. Merkel took the risk that, in order to ‘save’ the pan-German hegemony project, the funds allocated for Greece would ultimately be lost: in which case language is not available to describe the cynicism of this move.

• Germany, having reacted in knee-jerk fashion in order to ‘protect the Euro’ has realised that, as Angela Merkel has pronounced, ‘the Euro is indeed in danger’ because Greece’s situation (to be replicated in Portugal, Spain, and Italy, for starters) is now irretrievable.

• The Greeks should have got out of the Collective Currency system straight away, turning down the German loan. A de facto default would be a better option than where they are now.

BUT THERE IS ANOTHER DIMENSION WHICH, DESPITE WHAT WE HAVE PUBLISHED, HAS SO FAR BEEN COMPLETELY OVERLOOKED. CONTRACTS ENTERED INTO FOR AN ILLEGAL PURPOSE ARE NULL AND VOID. Therefore, what the Greeks should have done, if they had had their wits about them, was to declare all the fraudulent transactions conducted mainly through Citibank, Athens, VOID, thereby cancelling the fraudulent debts unilaterally, which they are entitled to do on this basis.

By repudiating the fraudulent debt on this sound legal basis and specifically making it clear that the underlying contracts, entered into under the previous Greek Government, are VOID, they would perform two key functions: first, they would ‘get out from under’; and secondly, they would hasten the total collapse of the entire fraudulent derivatives sector, which is happening anyway, doing us all a favour. By acknowledging the validity of the debts, the Greeks have made a fatal mistake. All those debts are null and void because the underlying contracts were entered into for an illegal purpose. Surely there are lawyers in Greece capable of understanding this.

Even at this late stage, the Greeks should repudiate the debts on this sound legal basis, and send the foreign and German money back with a note saying:

‘Thanks, but on second thoughts. no thanks’.

U.S. SENATE BLOCKS IMF PAYMENTS TO DEBT SPIRAL COUNTRIES
On top of all this, the US Senate voted 94-0 during the week ending 21st May 2010 to preclude the International Monetary Fund from deploying funds to countries (such as Greece) that are trapped in a debt spiral. Since the IMF is effectively these days just a branch of the White House, this could prevent the IMF from providing its own component of the grandiose European bail-out package trumpeted in the preceding week by the Europeans – a tranche amounting to about one-third of the total bail-out aggregate of about $1.0 trillion.

The stupid Brussels and Berlin apparatchiks, whose product is always ‘more regulation’, imagine that the way out of this intractable mess of their own willful bureaucratic making is more and more regulation, supervision of national budgets before presentation to national legislatures, and like administrative measures which do not relate in any way to market pressures. Their delusions will quickly be exposed, and the universal expectation is for a rapid descent into fragmentation.

The European Union Collective is by definition so bureaucratic and cumbersome that it cannot in reality coexist with modern electronic financial markets at all. That’s why the Euro is doomed.

PAN-GERMAN POLITICAL HEGEMONY PROJECT UNRAVELLING
In other words, the German geopolitical hegemony project that was elaborated by the Hitler Nazi élite in 1942, and promulgated via ‘Europäishe Wirtschaftsgemeinschaft’ (European Economic Community), released in Berlin in 1942 by publishers Haude & Spenersche Verlagsbuchhandlung Max Paschke, one copy of which is held by the British Library and another at the Staatsbiblithek, Berlin, is poised to fall apart at last.

• The chapter headings of this Nazi tome correspond almost precisely to the main headings of the Maastricht Treaty, indicating an unbroken continuity of strategic thinking and intent on the part of the long-range pan-German planning intelligentsia, which the STASI agent Merkel serves.

In response to this realisation, Frau Merkel and the Brussels gravy-train apparat, headed by Herman Van Rompuy, President of the European Council (who owes his position to a concerted operation by France and Germany to block the candidacy of Tony Blair), are attempting in vain to leverage the imminent ‘catastrophe’ to their advantage – stressing the ‘need’ for revisions of the Lisbon Treaty to lock further tight restrictions into the system so that Germany and its ever more fractious ‘partner for all eternity’ (as under the January 1963 Treaty of the Elysée), France, can somehow ‘impose discipline’ on the recalcitrant peripheral EU ‘Member States’ – conveniently forgetting that France and Germany are both in grave breach of the rules generally, and of the requirements of the EU’s so-called ‘Stability and Growth Pact’ in particular.

Underlying all this is the ridiculous Teutonic and, it has to be said, revolutionary Talmudic, notion that every facet of economic, social and political life can be ‘regulated’. Regulation is the essence not only of Talmudic thinking, but also of its product, Communism.

On the face of it, it would appear that those of us who have opposed this German Euro-trap from the outset, and whose lives have been wasted trying to do our best to derail it, may find that we won’t need to do much more – as the chances of it collapsing from within can even be seen to be high by brainwashed EUdolaters themselves.

• They chose to disregard the warnings proffered by this service and others: so, as far as we are concerned, they are faced with the consequences of their own stupidity.

Various UK journalists are panicking that a collapse of the Euro will severely affect Britain, on the basis that 50% of UK exports are delivered to the Eurozone. This statement is inaccurate, as the proportion of UK exports is skewed by long-standing fiddling of British energy data and other factors. British exports to the Eurozone will continue with the restoration of national currencies, amid a likely regional competitive devaluation environment.

9/11: MORE DOCUMENTED ‘SMOKING GUN’ INTELLIGENCE
It may be recalled that we have previously cited two sources of intelligence indicating that the 9/11 atrocities – in which 12,000 people died in the Twin Towers demolition operations alone, not the officially estimated 3,000 – were known about well in advance of the ‘Reichstag Fire’ event.

Specifically:

• Both here and more extensively in our publication Soviet Analyst, we have long since exposed the ‘Prison Letter’ scrawled by the since incarcerated Office of Naval Intelligence (ONI) Lieutenant Delmart ‘Mark’ Vreeland, dated June 2001. He identified the intention and summarised the official policy as ‘LET ONE HAPPEN. STOP THE REST!!!’.

In March 2005, the Pentagon-linked operative Demchuk (a.k.a. Walker) informed the Editor of this service that ‘Vreeland is in solitary confinement for a very long time, his case is sealed, and he’s no longer a threat to you’ – which was nice to know, as Vreeland had threatened the Editor with death in May 2003 after the Editor had refused to carry out his ‘instructions’ to disembark from a train from Niagara Falls en route to New York City, after we had interviewed him in Niagara Falls (Canada).

• During that experience, Vreeland scammed the Editor’s VISA card of the equivalent of £1,600, having apparently read the numbers of the card upside down when the Editor was paying the hotel bill in Niagara Falls after two days of interviews with this Illuminati split ONI personality.

Delmart E. Vreeland (his correct name) was arrested in October 2004 after trying to scam a gas station by means of Credit Card fraud. On 22nd October 2008, he was sentenced on 12 counts under case Number 04CR706 and as of March 2010, his ‘Current Facility Assignment’ was Buena Vista Correctional Complex, run by the Colorado Department of Corrections, DOC Number 143539. As he is known to have opened one diplomatic bag that he had couriered from Moscow (treason), no doubt one of the counts covered that offence, although paedophilia was also involved. His estimated parole eligibility date is 2nd March 2100.

• We have revealed that one reason the dual-named operative Lee/Leo Wanta, Bush Sr.’s courier, was held in jail was that he knew about the impending 9/11 ‘Reichstag Fire’ operation, and there was concern that his disaffection at the way he had been treated under both Clinton and Bush II, might lead him to expose the conspiracy. About ten days after 9/11, all of a sudden, Mr Wanta was miraculously released, and was collected from jail by the AUSTRIAN Gerald Salchert and taken to a family residence in Wisconsin.

Now, a document has surfaced which clearly reveals that certain US cadres KNEW ABOUT 9/11 IN ADVANCE. The document in question, dated December 2001 (but see below) was entitled:

‘Homeland Defense and the Transportation Industry:
The Civil Aviation and Surface Transportation Sectors’.

‘A report on a seminar-workshop on Homeland Defense held in Denver, Colorado on October 30, 2001, sponsored by the Denver Council on Foreign Relations (DCFR), the Inter-University Seminar on Armed Forces and Society (IUS), Rocky Mountain Region, the Intermodal Transportation Institute (ITI) at the University of Denver (DU), and the Institute on Globalization and Security (IGLOS) at DU’s Graduate School of International Studies’.

• Additional information displayed on the cover of the report:

‘This report was prepared by Greg Moore with the earlier help
of colleague rapporteurs at the University of Denver, Graduate
School of International Studies: Michael Opheim and Martin Wayne’.

Denver Council on Foreign Relations
denvercouncil@hotmail.com

On page 4 of this document is found the following sentence:

‘In the last meeting (May 2001), participants discussed Washington and New York
as the most likely targets, even discussing a scenario in which a plane is hijacked
and crashed into a high-value target’.

So, the Council on Foreign Relations knew, in May 2001:

• The exact two cities that would be attacked.

• The exact method of attack.

• The precise type of target that would be attacked.

It would be interesting to know whether any of the participants that that meeting had heard of Misprision of Felony. Certainly Mr Wanta, who was all for us promoting Misprision of Felony to buttress his false case before he performed the usual ‘switch’ twin of the ‘bait’ trap on us, has heard of it. He could be jailed on that single count – leaving aside his Fraud in the Inducement vulnerabilities, including the fraudulent loan arrangements that he concocted with his corrupt CIA lawyer Steven Goodwin, of Richmond, VA (born in Düsseldorf) to defraud the Editor of this service of his $35,000 loan plus interest, and his theft of those and other funds.

REPORT FROM LONDON: ‘NICK, NICK, THE QUEEN EXPECTS ME TO GO’
The new British Government has one advantage: it isn’t the corrupt Brown Government. The Conservative-Liberal Coalition exists not only because the post-election mathematics precluded any alternative arrangement, although Brown thought for a time that this was possible; but also because Brown was expected to leave office, not only by the people, but more to the point, by The Queen. Confirmation of this seeped into the public domain in an investigative round-up report published in The Sunday Times on 16th May.

In that report, Brown, having received a message from the Palace on the morning of Tuesday 11th May asking when he would be going to tender his resignation to Her Majesty, is reported to have phoned the Liberal Democrat leader, Nick Clegg, to say:

‘Nick, Nick, I can’t hold on any longer. Nick, I’ve got to go to the Palace. The country expects me to go. The Queen expects me to go. I can’t hold on any longer’.

This information represents what Gordon Brown told Nick Clegg, the Liberal Democratic leader, verbatim, having been reported by a photographer who was allowed into Downing Street to record what were expected to be Brown’s final days in Downing Street.

The Queen expected Brown to go, and he went. As soon as Brown had taken leave of The Queen, the corrupt nexus established between Tony Blair and George W. Bush, and continued by Gordon Brown, disintegrated. This axis had been responsible for sustaining the sabotage of the releases for years, and was the bedrock upon which the arrogant Paulson, Cheney, Geithner and their co-conspiring companions confidently sustained their opposition and constant destabilisation of the releases required under the Basle List restitution arrangements.

DOCUMENTS PREVIOUSLY BLOCKED BY BROWN (ON BEHALF OF GEORGE W. BUSH)
DELIVERED AT THE HIGHEST LEVEL IMMEDIATELY AHEAD OF BROWN’S RESIGNATION
Now earlier on the morning of 11th May, information and documents, under cover of a letter from Mr A. Clifton Hodges, the lawyer representing Michael C. Cottrell, B.A., M.S., his US corporation Pennsylvania Investments, Inc., and his London-based corporation Cottrell Securities Limited, had been delivered at the highest level to Buckingham Palace. The package of documents contained covering letters from the Editor of this service addressed to a known official at the Palace dating back 18 months and to June 2009. It is believed that the official may have been contacted to ask whether she had been aware of these documents. When the answer was in the negative, it may have been realised that the previous deliveries had been diverted to Downing Street – Brown’s Downing Street, that is – indicating with crystal clarity that Brown had suppressed the necessary information that had needed to be conveyed to Buckingham Palace. This, therefore, is the main significance of The Sunday Times’ report that Brown told Clegg: ‘The Queen expects me to go’.

• Of course this indicates that Mr Brown may have deliberately frrustrated the resolution of the financial chaos for which his mishandling of the country’s finances was responsible.

NEW UK GOVERNMENT RUSHES TO INGRATIATE ITSELF ABROAD: A SIGN OF WEAKNESS
Almost immediately on taking power, after the formation of the new Cabinet, the Prime Minister and his Foreign Secretary, William Hague, started rushing all over the place to meet other leaders. The first person David Cameron went to see was Alex Salmond, no longer represented in the House of Commons, in Edinburgh. Salmond’s objective in life is to break up the United Kingdom.

Next, Mr Cameron received, on 14th May, the Afghani drug controller, President Hamid Karzai, and posed for press photographs showing him shaking hands with this operative, who had stopped over in London on his way back from Washington. A Downing Street spokesman said that Cameron and Karzai discussed President Karzai’s ‘very successful’ visit to Washington.

WHY HAMID KARZAI CIRCULATED D.C. IN AN ARMOURED ‘CARAVAN’
However a correspondent of ours based inside the Beltway reported to us at 21:02 hours UK time on 14th May 2010 that on Wednesday and Thursday 12th-13th May, Mr Karzai was conveyed around Washington with an immense armed caravan, as large as that employed by the President of the United States (POTUS). Our source stated that :

‘… at one point when trying to cross the 14th Street Bridge yesterday (13th) into DC at about 5 p.m., my friend called me counting 62 cops on motorcycles accompanying 12 vans filled with personnel sitting behind darkened windows, and a couple of marked FBI police cars’. The correspondent added that such activity hadn’t been observed inside the Beltway for some considerable time.

None of this was reported in the satrap American ‘mainstream’ media, so that no deductions from this ‘in-your-face’ display of arrogance have been made. So it’s down to us, as usual. Why is such overt protection necessary? Is it mandatory to have acquired an advanced degree in logic to work out that it is CRIMINALS, ESPECIALLY DRUG DEALERS, THAT NEED PROTECTION – whereas, as a rule, NON-CRIMINALS DON’T? If both parties weren’t up to their necks in organised drug crime, they wouldn’t need protection on this scale when moving around DC, would they?

These people are drug traffickers. As you can see from the completely different state of affairs in Britain, ‘normal’ holders of high office don’t need this exaggerated level of protection. This reality is so glaringly obvious, it’s almost laughable. And yet nobody in the so-called ‘mainstream’ media has highlighted this obvious reality. Of course not: the US ‘mainstream’ media is itself extensively subsidised by dubious sources of Fraudulent Finance.

CAMERON COW-TOWS TO SARKOZY, STANDS UP TO MERKEL
After that, Cameron rushed to Paris to cow-tow to the fractious President of France, Nicolas Sarkozy, whose half-brother ‘Oliver’, is a senior executive with the Carlyle Group, Bush Sr.’s notorious money-laundering enterprise – executives from which accompanied the top CIA crook Richard B. Cheney when he attempted to relieve Bank of America, Atlanta, of $2.0 trillion in the evening of 19th May (see above and the preceding report).

Cameron then repaired to Berlin, to meet the former Secretary of the Agitation and Propaganda Department of the Young Communists at Marx-Lenin University, a.k.a. Bush Sr.’s erstwhile agent, Frau Angie Merkel, in Berlin. There he did at least distinguish himself by countering Frau Merkel’s agitation for yet another collective treaty designed to enable the pan-German Government to claw back its hegemony project from the edge of oblivion.

Specifically, he told Merkel that ‘any treaty – even one that just applied to the Euro area – needs unanimous agreement of all 27 Member States, including the UK which of course has a veto’.

He added that ‘there is no question of agreeing to a treaty that transfers powers from Westminster to Brussels. If there was a treaty that proposed that, obviously it would be subject to a referendum’.

EUROPEANS TOLD THINGS THEY DIDN’T WANT TO HEAR
Meanwhile the new Chancellor of the Exchequer, George Osborne, discovered for himself how the European agenda constantly intervenes and confuses the diaries of British Ministers. On 18th May, he had to travel to Brussels, where he was confronted with more arrogant demands by the criminal enterprise European Commission for funds to facilitate a 6% increase in EC spending, which would evidently imply a £600 million increase in Britain’s annual contribution – which, as reiterated below, is completely illegal because the European Commission is a criminal enterprise, and it is a criminal offence for taxpayers’ funds to be remitted into the hands of a criminal enterprise.

Earlier, during the hiatus between the collapse of the Labour Government and the emergence of the peculiar phoenix Coalition, the former Chancellor, Alistair Darling, had refused to sign up to the European ‘support fund’ on the perfectly proper grounds that the Brown Government had lost the election, so that caretaker Ministers had no powers whatsoever other than the handling of very low-level, routine administrative matters.

Deliberately missing the point here, this ‘defiance’ was met with an outburst of hostile responses from Britain’s charming ‘partners’ in the European Union Collective, led by France, Sweden, and the Brussels apparat itself. The theme was that the British should not bother asking the European Union Collective for assistance when it runs into irretrievable financial difficulties (indicating, by the way, that Brussels is no more ‘up to speed’ with the Dollar Refunding Programme solution than the British Coalition Government).

A character called Jean-Pierre Jouyet, Chairman of the French Financial Services Authority, pontificated with emphasis on 11th May that only ‘God would help’ Britain, as it had snubbed its Eurozone ‘neighbours’. This nasty piece of work then elaborated:

‘Help yourself and Heaven will help you. If you don’t want to show solidarity with the Eurozone, then let’s see what happens to the United Kingdom’.

Yes, let’s!

MERKEL DEPLOYS HER COMMUNIST EXPERTISE TO PRESS FOR A NEW TREATY
As a former Communist Party (STASI) apparatchik trained in the methodology of Communism, Frau Merkel knows of course the procedure: it is to convene conference after conference, meeting after meeting, and to sponsor document after tedious document, in a never-ending and sterile process of accretion. Every conference sets the timetable for the next conference (something that may not have happened with the Lisbon Treaty, which the Eurocrats imagined would be the last: but the Communist Merkel knows better).

Under the Leninist overt ‘settlement’, with which this Communist STASi apparatchik is familiar, no document was ever sacrosanct, no undertaking to be relied upon. On the contrary, as Lenin taught from the outset, all undertakings with the ‘bourgeoisie’ could be reneged upon at any tick of the clock, with absolute revolutionary impunity.

So now you may understand why the duplicitous behaviour of the US Financial Terrorists holding high office is described by this service is quintessentially Leninist. No undertaking they have ever given, at any stage of the crisis, has been reliable – something that, as noted above and in the preceding report, certain MI6 officers, being of a younger generation, may still not understand.

Leninist operatives go through the motions of negotiating and reaching agreement with ‘the bourgeoisie’ (proxy for their opponents) with the specific, knowing intent of reneging on their undertakings when what Lenin called ‘the correlation of forces’ changes in their favour.

Clearly, David Cameron doesn’t yet understand this, despite his acknowledged brilliance (his Oxford Professor, Vernon Bogdanor, has called him ‘the most brilliant student I ever taught’).

And nor, it seems, does William Hague, the new British Foreign Secretary, who flew straight to Washington into the arms of Mrs Hillary Clinton – who has been closely associated with criminal operations and the blocking of the releases since longer than we can remember.

From his body language, it looked to us as though Hague had no clue about the issues discussed and exposed by this service, i.e. had not been briefed.

COALITION WORKING PARTIALLY IN THE DARK
A similar deduction is permissible from perusal of the various convoluted statements, accords and undertakings vouchsafed to date by the new Coalition Government. A vague expectation of some economic improvement surfaces in some of Cameron’s observations, but the focus is on the truly horrendous condition in which the British financial economy, and the Government’s finances, were left by the outgoing Labour Government.

Now your correspondent has lived long enough to know that every single Labour Government that has been in power in Britain has made an irretrievable dog’s dinner of the country’s finances: so the fact that Brown spent his last six months in office approving irresponsibly permissive spending plans, many opposed by his civil servants, comes as no surprise. All sorts of superfluous contracts were signed during this period which the new Government will find hard to unravel.

When you consider that Brown (and Blair) were directly implicated, in cahoots with the Bush Crime Family and subsequently with the corrupt Obama Administration, in the endless sabotage of the releases – and therefore of the G-7-approved Dollar Refunding Programme using the sovereign loan, which would deliver windfall tax receipts into the British as well as the US Treasuries – you may begin to understand the reckless treachery for which Brown was responsible.

• No wonder he received a phone call from the Palace on the morning of 11th May.

So far, the Coalition Government has been working on the assumption that severe tax increases and public spending cuts are indispendable, without taking account of the windfall accruals that will arrive at the British Treasury once the delayed and hijacked Dollar Refunding Programme gets under way. Our working assumption must be that no-one in the new Cabinet has yet been briefed on the implications of the Dollar Refunding Programme. That may or may not reflect the continued sabotage perpetrated by the corrupt US Financial Terrorists exposed inter alia by this service: which, we repeat, the controlled ‘mainstream’ media on both sides of the Atlantic have continued to ignore – missing huge news stories such as the episode on 19th May when Mr Cheney, Carlyle executives and henchmen were physically ejected from Bank of America, Atlanta.

• If that is not a colossal news story, your correspondent has to be advised what is.

As previously stated here, we don’t care whether the complacent ‘mainstream’ wakes up or not. It’s too late for them to catch up: but the fact that the media have failed to inform their readers of what has been going on behind the scenes represents a gigantic failure by the Fourth Estate which has no doubt exacerbated the ongoing collapse of newspaper circulations.

To recap for a moment. You will recall that in July 2007, we reported that Lord ‘Eddie’ George, the former Governor of the Bank of England, was arrested and briefly jailed. You will also recall that we had reported that Alan Greenspan, the former Chairman of the Federal Reserve Board, had been arrested, incarcerated for three weeks, and then released. We republished all this information in International Currency Review. Lord George died in April 2009. We did not receive a letter from Lord George’s lawyers, and neither did we hear from Dr Alan Greenspan’s lawyers, either.

Anyone who’s not sitting on their brains should be able to deduce from the foregoing that the reports were accurate, which they were. Earlier this year we learned the actual reason for Lord George’s arrest. He had facilitated the stealing of The Queen’s gold (29th-30th March 2007), which we alone reported, converting the ‘product’ into worthless pieces of paper.

As late as when we were reporting that late night meeting at the Bank of England dated 9th April, which was supposed to have ‘taken care’ of the situation, we were authoritatively informed that this matter had still not been resolved. Although it had been decided to send over massive funds for the releases at that meeting, we later discovered that sensible second thoughts had prevailed and that the funds were not sent over – either because of some Bank of England corruption or glitch or, more probably, because of a consuming lack of trust.

NEW U.K. GOVERNMENT FAILING TO ADDRESS CRUCIAL ISSUES
The new Coalition Government has ignored the following facts:

• That all legislation passed by the Westminster Parliament since 2000 is null and void as the ejection of the hereditary peers was performed illegally: see our report dated 10th April 2010.

• That the continued remittance of Value Added Tax payments to the European Commission is illegal, as the Commission is a criminal enterprise, the annual accounts of which have not been signed off and approved by the Court of Auditors for the past 14 years running. Mr John Craig of the UK Serious Fraud Office has confirmed to a former Member of the European Parliament that it is a criminal offence for taxpayers’ funds to be remitted into the hands of a criminal enterprise. Therefore if the new Government continues this practice it will de facto be engaged in criminal activity: see the Editor’s speech given in London on 31st October 2009:

http://www.youtube.com/watch?v=Jug-W-DKcms
http://www.youtube.com/watch?v=lB18PIYbSYw&;feature=related
http://www.youtube.com/watch?v=jJyUKbmBeJs&;feature=related

ANNEX THE VAT TAX REVENUES TO THE TREASURY
The immediate partial solution to the Government’s financial problems is to annexe the taxation accruals which cannot legally be remitted to Brussels (see above) into a special Treasury account. This could be an escrow account for a defined period, during which the British Government would require the European Commission to reverify all its accounts going back 14 years, a process which will need to extract full details of all corrupt procedures leading to the arrest and prosecution of the perpetrators. This laborious task would need to be performed year by year to the satisfaction of the British authorities, and within the stipulated time period.

Failing such a response by the European Commission to the satisfaction of the British authorities, the VAT accruals held in the escrow account should be transferred to the UK Treasury’s general accounts and used to defray and pay off debts incurred by the Coalition’s profligate predecessor.

There is absolutely no indication that anyone in official circles understands the basis and logic of this, which means that the new Coalition Government will be just as prepared as its predecessor to commit criminal offences on a continuing basis by remitting British taxpayers’ funds into the hands of a criminal enterprise. Ministers can be arraigned for such criminal activity.

Meanwhile the Coalition brought forward an extremely feeble agenda which it represented as the compromise agreement, and republished on 20th May (having previously promulgated a different programme). The programme, to have been announced in part in The Queen’s speech on Tuesday 25th May, represents the lowest common denominator and reveals that this is an excessively weak Government – even though headline-catching prospective Bills have been indicated.

VAST, UNSUSTAINABLE COST OF BRITISH E.U. MEMBERSHIP
Indicative of the extreme collective stupidity of the British political and bureaucratic Establishment is the fact that, having delegated General Powers to the European Commission – after the model adopted by Herr Hitler in January 1933 when he prevailed upon the Reichstag to delegate General Powers to his Cabinet, which he then annexed to himself – the huge costs imposed by the corrupt criminal enterprise called the European Commission are actually crippling British business.

When the country is bust, the Government’s finances are in total disarray, and the Government can’t even understand that it is committing an ongoing criminal offence by remitting UK Value Added tax accruals to the Brussels parasites, the colossal burden imposed by this unelected, unaccountable fake EC ‘authority’ represents a calculated insult to normal intelligence.

Specifically, the British Chambers of Commerce (BCC) publishes a ‘Burdens Barometer’, compiled by the London and Manchester Business Schools, using the Government’s own figures. The latest report from this source, released on 23rd May, indicates that the total cost of compliance with the European Commission’s nit-picking regulations to British business over the past 12 years alone has reached £88.3 billion, an increase of more than £11 billion over a year ago, although this is due in part to new information relating to burdens imposed by the European Commission via the British satrap Westminster Parliament in earlier years. During 2009, the additional EC cost exceeded £1.0 billion, consisting of 40 new restrictions.

One of the most expensive of these EC-originated laws is the EU Light Duty Vehicle Emissions Standards, which imposes recurring annual costs on businesses of £1.48 billion. It is to be noted that such penal financial burdens would not ‘fly’ had it not been for the subversive ‘Green agenda’ propaganda, which, as Mr Mikhail S. Gorbachëv predicted, has been one of the most ‘successful’ revolutionary tools ever developed by the World Revolution élite. Gorbachëv basically kicked off the Green agenda when he sat on his backside for three weeks in 1986 after the deliberately provoked Chernobyl disaster, to observe its impact on Western attitudes.

The most expensive burden of all the Talmudic restrictions imposed by the European Commission via the compliant satrap Westminster Parliament since 1998 is reported to be the Working Time Regulations, which have so far cost British businesses £17.8 billion, and also a 2000 EU Pollution Directive, which has cost British businesses £10.4 billion to date.

What infuriates this service is the complacency with which such information is received in British policymaking circles. The message which no-one in the weak Establishment wants to hear is that membership of the European Union Collective has been IMMENSELY DAMAGING for Britain and its economy, and that total independence will yield far more positive results.

Because once Britain has extricated itself at long last from this long-range geopolitical entrapment mechanism, every country in the world will be knocking at Britain’s door asking for a bilateral treaty guaranteeing access to the huge British marketplace. The idiocy of delegating General Powers to an unelected, unaccountable, corrupt criminal enterprise cannot be over-emphasised (and actually is so glaringly obvious that it shouldn’t even need reporting): but the Establishment doesn’t want to know, because of course pointing these grim things out reveals just how stupid, complacent and negligent its cadres have been for decades.

55% RULE REVEALS COALITION’S FEAR IT CANNOT OTHERWISE SURVIVE
That the Coalition lacks confidence in its ability to survive is separately confirmed by the fact that the Coalition intends to proceed with its constitutionally irregular provision that there is to be a dissolution threshold of 55% of the votes in Parliament for a no-confidence motion in the context of previously unheard-of fixed-term parliaments (for five years). [A surreptitious lobbying operation to promote fixed-term parliaments has been infesting Westminster for a long time: so this wheeze is NOT the Coalition’s original notion, but one it has ‘lifted’ to enhance its chances of survival].

Under this format, if the Coalition Government loses a vote of confidence, it then invokes the dissolution provision and because MPs will want to hang on to their seats (not least because the Government is also proposing to redraw constituency boundaries to reduce the number of MPs – another cynical control ‘gimmick’ designed to keep it in power), the dissolution provision fails: which results in what has been described as a ‘zombie government’.

It is glaringly obvious that this ‘belt and braces’ arrangement has been cobbled together precisely because the Coalition partners recognise that they and their supporters remain, in fact, at serious loggerheads over a wide range of issues, and that without such unconstitutional arrangements (which will be rendered ‘constitutional’ by a Commons vote supported by all the new MPs who can’t believe that they were elected), the Coalition would fall apart. Hence, the new Coalition’s bravado represents actually a gross piece of self-serving deception ‘justified’ by the grim arithmetic of the General Election held on 6th May, which, as predicted, resulted in a hung Parliament.

We have already demonstrated that the Conservatives could have secured a working majority (of about 40 seats) had they accommodated the requirements of actives who detest Britain’s sterile relationship with the European Union Collective. Here are the details again, for the record:

Calculations based on votes cast prepared by the former MEP for South-East England, Ashley Mote, have revealed as follows:

• The Conservatives could have had a comfortable working majority if they had made an unequivocal commitment to a referendum on British membership of the EU.

• The UKIP (United Kingdom Independence Party) vote, favouring a much harsher policy towards Britain’s sterile EU participation, would have collapsed and, while not every one of the 25 seats listed below might have been delivered to the ‘Conservatives’, they would have emerged with a working majority of about 40.

In the following table of constituences where the ‘Conservatives’ came second, the first number shown represents the winner’s majority, and the second number shown represents the UKIP vote:

Bolton West 92, 901
Derby North 613, 829
Derbyshire North East 2445, 2636
Dorset Mid 269, 2109
Dudley North 649, 3267
Great Grimsby 714, 2043
Hampstead and Kilburn 42, 408
Hull North 641, 1358
Middlesbrough South 1677, 1881
Morley and Outwood 1101, 1506
Newcastle-Under-Lyme 1552, 3491
Norwich South 310, 1145
Oldham East 103, 1720
Plymouth Moor 1588, 3188
Rochdale 889, 1999
Sheffield Central 165, 652
Solihull 175, 1200
Somerset and Frome 1817, 1932
Southampton and Itchen 192, 1928
St Austell and Newquay 1312, 1757
St Ives South 1719, 2560
Swansea West 504, 716
Walsall North 990, 1737
Walsall South 800, 1711
Wirral South 531, 1274

Additionally, the Conservatives should have won Wells, which was lost to the Liberal Democrats with a majority of 800. But the UKIP vote was 1711; so including the promise of a referendum on Britain’s continued sterile membership of the EU could have secured this seat as well.

The Guardian reported on 8th May 2010 that ‘UKIP’s bid to beat the Speaker’ (who is traditionally unopposed by the main parties) in Buckingham, ended in third place. Lessons for the Conservative right, there, perhaps, if they think they can win by tacking to the extremes’.

But the data displayed above reveal that this assessment is the very reverse of the truth. If the ‘Conservatives’ had accommodated the known preferences of adherents of the United Kingdom Independence Party, they would have achieved a comfortable working majority and would not have found themselves on the edge of a deep abyss.

LIST OF ISSUES THAT NEED URGENT ATTENTION
BUT ARE BEING IGNORED BY THE COALITION
Among the gimmicks proffered by the Coalition is the idea of a bonfire of nit-picking laws and regulations implemented under the disgraced Labour Government.

These in fact reflect the hegemony of the Brussels apparat over the House of Commons, since 80% of legislation spewed out by the European Commission, which enjoys Hitlerian General Powers to initiate legislation, are derived from this unelected, unaccountable, corrupt ‘authority’.

Meanwhile there is no sign that the Coalition cares, or has a clue, about the issues that really matter, which include the following:

• Repeal of legislation mimicking the iniquitous provisions of the US Digital Millennium Copyright Act, which allows IT platform providers to host breaches of copyright by third parties, and to refuse to remove the same until the ownership of the copyright and rights is proven by the owners. This loophole enables copyright material (such as our books, for instance) to be downloaded onto such platforms and for an unknown quantity of illegal copies to be made until such time as the copyright owner becomes aware of the breach and initiates the procedure to compel the platform controller to remove the offending posting.

In our case, whole copies of some of our books have been illegally downloaded with the copyright page deliberately and maliciously removed in order to disguise the ownership of the copyright. This loophole is costing British publishers millions every year: we ourselves have lost book sales (at full price) valued at over $2.0 million due to this abomination. There is no indication at all that the ‘enlightened ones’ running the new Government have a clue about this issue.

In addition, the former MEP Ashley Mote, has usefully highlighted the following Labour legislation which needs to be abolished. This list is augmented by the Editor’s own contributions:

• Civil Contingencies Act 2005.

• Criminal Justice Act 2003.

• Extradition Acts 2003 and 2006 (containing the iniquitous imbalanced provisions favouring extradition of Britons to the United States, but impeding the extradition of Americans to Britain).

• Firearms Act 1996 and 1997 (which have led to sharp increases in violent crime in UK cities).

• Health and Safety Act 1997.

• Hunting Act 2004.

• ID Cards Act 2006 [this IS included in the Coalition’s agenda.]

• Legislative and Regulatory reform Act 2006.

• Police and Justice Act 2006.

• Proceeds of Crime Act 2002

• Terrorism Act 2005

During its 13-year ‘reign of terror’, the disgraced Labour Government passed over 500 new Acts of Parliament – six on immigration, eight on terrorism, 12 on education, 11 on health and social care, and 25 on criminal justice. Most of these new Statutes were enacted in response to the previous Government’s EUdolatry – i.e. to comply with new European Commission Directives.

• None of these laws, including the Quasi-Non-Government Organisations (quangos) they created, has improved the quality of life in the United Kingdom.

The following measures would be adopted if the new Government were not arguably the feeblest manifestation of governance ever to have emerged onto the British political stage:

• All British primary law based on European Commission Directives, including Human Rights, Health and Safety, Regional Assemblies, Data Protection, Race Relations and innumerable other scatterbrained, Talmudic nanny-state provisions imposed by the corrupt European Commission in conformity with its pan-German hegemony ‘General Powers’ control remit.

• Abolition of all busy-body entities, legislation and unaccountable and unelected agencies of Government responsible for the enforcement of nit-picking provisions dictated by Brussels which routinely intermeddle in people’s lives.

• Abolition of all organisations, such as ‘Common Purpose’ (funded of course by Deutsche Bank: see below), including quangos which seek to change and manipulate the way people think.

• Abolish the Local Government Standards Board which enables officials to complain when elected councilors criticise them.

• Abolish all targets for hospitals, schools and the police, the effect of which has been to divert effort away from their real purposes in order to ‘avoid trouble’ from the Government.

• Any surviving quangos would have to be made liable under the Harassment Act 1997 to individuals faced with oppressive intrusion into their lives.

We further agree with Ashley Mote that the following additional measures are urgently required (in which the Coalition has shown not the slightest interest):

• Employment: Restore the right of employers to employ the best candidate for any job.

• Health: Restructure hospital managements so that doctors’ clinical judgments and patients‘ needs come first. Doctors and nurses should decide. Managers should manage. Restore matrons and their powers to manage wards.

• Criminal Justice: Immediate restoration of Habeas Corpus and the protection of British law whenever a foreign country seeks extradition of a British national. The prima facie case against him or her must be heard and decided by a British court.

• Public Services: Restore British ownership of ALL essential public services and protect our vital national interests using Mrs Thatcher’s famous golden share principle. There can be no foreign majority ownership of essential British utilities. (Instead of which the country’s essential assets are passing at breakneck speed into European hands, as always intended under the Nazi compendium Europäische Wirtschaftsgemeinschaft: see above).

• Farming: Restore the right of British farmers to grow whatever they like.

• Fishing: Prohibit all foreign fishing vessels in a 200 miles area around UK coasts

• Defence: Restore spending on defence to at least five per cent of total public spending to ensure that the armed forces have the capabilities and resources to defend the country.

• Note: In this context, the new Minister of Defence, Liam Fox, backed by the Foreign Secretary, William Hague, is operating on the right lines. On 22nd May, he flew to Afghanistan to investigate the acceleration of the repatriation of British troops (so that British will no longer be complicit in America’s dirty drug war designed to control, not eradicate, the heroin trade).

• Fox has also made it clear that British military deployments will in future be governed strictly by British national interests.

• The significance of this is as follows. As previously discussed in these reports, the British military has irresponsibly allowed itself to become co-opted and hijacked to fulfil the squalid requirements of an internationalist agenda – that is to say, British troops have been dying in pursuit of an agenda that has nothing to do with the interests of the British people and nation.

Liam Fox appears to have understood this: and if he hasn’t, he has at least recognised that there is no way that British military force can continue to be rented out to the internationalists.

Secondly, Mr Fox cites British national interests, illustrating yet again the abject confusion that reigns at the heart of the British political Establishment over Europe. Under the political collective régime, satrap ‘Member States’ HAVE NO INTERESTS, because their national interests have been collectivised (there remain a few exceptions to this, but that is the reality).

• This is a truth that the political class simply cannot grasp, or doesn’t understand (because it doesn’t begin to realise that the European Union Collective is, precisely, a collective entrapment mechanism). Fox has clearly not grasped this reality yet.

• Migration: Re-establish a clear difference between economic migration and genuine pleas for asylum. Britain should accept its share of genuine refugees but without necessarily offering British nationality. The UK Immigration Service should be focused on identifying and completing genuine cases within one month, using tough and fair criteria.

• All visa applications to be made from abroad. No visa, no travel.

• Abolition of the Foreign Office’s recruitment cadre in Pakistan which operates on a quota basis – that is to say, the staff have quotas of would-be immigrant Pakistanis that they must meet. This operation is clearly subversive, a scandal, and should be folded forthwith.

• Limit work permits to essential workers only. No right to benefits.
‘Support yourself and your families or leave’.

• Encourage the return of immigrants to their own countries.
‘Be a part of the British way of life or leave’.

• Deport all illegal immigrants and convicted criminals not born in the United Kingdom. Encourage voluntary repatriation. Abolish the iniquitous interference derived from European Human Rights legislation whereby, for instance, a known dangerous terrorist cannot be extradited because extradition would breach his human rights.

• The Overseas Development Budget: The coalition has ring-fenced this permissive source of official expenditure which could and should be cut down to the bone.

Specifically, it proposes to ‘guarantee’ that the equivalent of 0.7% of Gross Domestic Product will continue to be allocated to overseas development. This is complete, idiotic madness. The ONLY territories for which Britain should continue to provide assistance are British Overseas Territories.

Former colonies that preferred independence are on their own, as they made their choice and must live with the consequences. At a time when the Government’s finances have been decimated by the ravages of the preceding incompetent régime, to ring-fence overseas development is sheer perverse delinquent madness.

Overseas Governments accustomed to receiving British assistance should be told in no uncertain terms: ‘The British people are having to suffer because of our financial predicament, and we have a much greater responsibility towards the British people than we have to you. In fact we don’t have any responsibility towards you at all: what we have done in the past represents donations pro bono publico. There isn’t any money to permit any more generosity on the part of British taxpayers, not least because you never thanked us for a single penny we remitted to you in the past’.

Of course the weasel argument against such a stance would be that if British aid dries up, then other powers will step into areas where Britain has had influence in the past. To which our sharp answer would be: our ongoing studies of the consistency with which the United States has stabbed its ‘closest ally’ in the back economically since the Second World War, make it clear that British aid hasn’t displaced such below-the-radar hostile operations on the part of Washington. And the same applies to other so-called ‘allies’. So get real, and stop living in your own dream bubble.

COALITION INFESTED BY GERMAN ‘COMMON PURPOSE’ PSY-OPS
A clue as to why not much, if any, of the above absolutely necessary and overdue reforms will take place under the Coalition Government emerged on 13th May, when The Daily Telegraph reported that ‘the first meeting of David Cameron’s new Coalition Cabinet had ended with Ministers hailing the ‘common purpose’ of the Conservatives and Liberal Democrats.

Michael Gove, the new Education Secretary, and an intelligence operative, commented:

‘It was great, actually. I think we had a really constructive meeting. I was delighted by the sense of partnership and common purpose that we had there’.

As previously reported, ‘Common Purpose’ is an extremely subversive targeted mind-control and personality change Fifth Column operation financed by Deutsche Bank, which was surreptitiously run for many years from the office of the Deputy Prime Minister under the now discredited Labour Government, John Prescott. It runs intensive brainwashing courses for ignorant cadres from the police, the military, the National Health Service, welfare, local government, the judiciary, the legal profession and other segments of influence-building society, often resulting in early marriage or personality breakdowns as participants are subjected to the ‘tabula rasa’ Psy-Ops approach and assaulted with crass, dumbed-down, politically ‘correct’ notions.

It is this Fifth Column subversion operation which is directly responsible for the decay of standards right across the board, and for substituting upside-down thinking – such as that homosexuality is acceptable and it is a gross offence to criticise it. On that score, the dumbed-down participants are of course not reminded what homosexuals actually do to each other.

In other words, ‘Common Purpose’ uses known psychological warfare manipulation techniques to brainwash stupid components of the upper levels of society, at the participants’ massive expense of course, into junking their ‘old values’ and replacing them with the garbage, back-to-front values which lead to such outrages as victims of burglary being arrested rather than the burglar. This is a deliberate, controlled, German-funded subversion programme. The repeated use by new Coalition Ministers of the words ‘Common Purpose’ is extremely disturbing, especially as it is believed that David Cameron has himself been brainwashed by this Fifth Column Psy-Ops agentur.

SEVERE TENSIONS ALREADY WRACKING BOTH COALITION PARTNERS
Meanwhile in the House of Commons, fractures on both sides of the Coalition are the main talking point, and have been receiving extensive press coverage. One veteran MP informed The Sunday Telegraph (23rd May) that the atmosphere prevailing among Conservative backbenchers generally was ‘worse than at any time since Maastricht’ in 1992 – code for the reality that the atmosphere is ALREADY POISONOUS. A clumsy attempt by Cameron to ambush the backbench 1922 Committee in order to bring this forum for backbenchers’ dissent under Cabinet control has seriously backfired, fuelling resentment among Conservatives already dissatisfied with the wholesale emasculation of the Conservative platform and with intended measures such as the proposed increase in capital gains tax to 40% and the scrapping of a Conservative plan to raise the threshold for Inheritance Tax from £350,000, above which level 40% tax must be paid, to £1.0 million.

A sign of the unscrupulous nature of the Coalition’s arrangements was an uncalled-for remark by the new Home Secretary, the bossy Theresa May, who suddenly pronounced that she ‘no longer’ opposed the adoption of children by homosexual/lesbian couples. In other words, the woman has no fixed principles at all, sways with the wind, and accommodates her ‘views’ to meet the pragmatic requirements of the moment. Since the Home Office is the third most important Office of State, this is hardly an indicator of prospective principled governance.

On the Liberal-Democratic side of the equation, the relegation of the impressive Dr Vince Cable, to the position of Business Secretary, where he has had to deliver £900 million of ‘cuts’ already to the Chancellor, George Osborne, is described by observers as ‘an eruption waiting to happen’. Cable, who thought he might wind up as Chancellor of the Exchequer, is being further cut down to size by Osborne, who was intending to appoint Sir Samuel Sassoon, shortly to be ennobled, as Commerce Secretary in the House of Lords – a sure recipe for idiotic turf warfare. Innumerable other ripples of discontent have surfaced, the tawdry ensemble of which in our view suggests that it is entirely possible that this enterprise will, contrary to currently received opinion, suddenly collapse.

• An indication that the Coalition is not averse to dirty tricks, either, surfaced on 19th May, when the Coalition presented its ‘final’ feeble version of what had been agreed.

Dr Vince Cable waited for ages to get to the microphone, but found himself mysteriously entangled with the mike and its connecting cable, so that he had to ad-lib: ‘As the new head of the department for technical innovation, we make it up as we go along’. No. What probably happened is that a dirty tricks operative made sure that when he reached for the mike, the connecting cables had been pre-entangled to maximise his embarrassment in front of the media. The Conservatives don’t like Cable because of his previous close association with the Labour Party.

There is also much anger at ‘grass roots’ level, with the 600,000 ‘workers’ who knock on doors on behalf of the Conservative Party reportedly angered that they wasted their time, as the Coalition’s political platform has little to do with what they promoted on the doorstep.

Additionally, the arrangement whereby opposition parties receive what for some reason is known as ‘Short’ money, amounting to £2.0 million in the case of the Liberal Democrats, is now denied to the relatively impecunious Lib-Dems, who would therefore be in trouble if another General Election were to have to be held any time soon.

All in all, therefore, contrary to the propaganda and spin, the UK political situation seems to this veteran observer to be highly unstable.

••••••••••••••••••••••••••••••••••

THE FOLLOWING DATA HAS BEEN PUBLISHED AT THE FOOT OF MOST OF THESE REPORTS FOR THE PAST THREE YEARS++: COMPILED BY U.S. SECURITIES EXPERT MICHAEL C. COTTRELL, B.A., M.S..

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

LEGAL TUTORIAL: The Steps of Common Fraud:

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

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

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

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

Step 3: Theft by Deception and Fraudulent Conveyance:

THEFT BY DECEPTION:

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

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

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

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

FRAUDULENT CONVEYANCE:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

••••••••••••••••••••••••••••••••••
ADVERTISEMENT: INTERNET SECURITY SOLUTION
YOU CAN ORDER THIS DIRECT FROM THIS WEBSITE. Summary:
Press Internet Security Solution or go to the World Reports Limited serials catalogue and scroll down until you come to this product. Then proceed through the simple and ultra-safe ordering procedure [Visa or MasterCard only]. Send a donation as you order this RECOMMENDED solution.

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

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

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

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

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

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

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

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

Advertisements

FURORE ERUPTS FOLLOWING OUR 17TH AUGUST REPORT

cropped-chrisstory

MASSIVE US$ DEVALUATION SWINDLE OPERATION CANCELLED

Sunday 23 August 2009 02:00

• 2ND SEPTEMBER:
A REPORT PREPARED FOR POSTING ON THIS DATE HAS BEEN ‘CENSORED’! WE HAVE BEEN REQUESTED TO POSTPONE THE REPORT FOR 48 HOURS, PENDING ‘DEVELOPMENTS’.

20TH AUGUST: 4 CRIMINAL PRESIDENTS DEMAND, AND ARE GRANTED, ‘IMMUNITY’

IN EXCHANGE FOR RELEASES, AND CEASING THEIR OBSTRUCTIONS OF JUSTICE

COLLECTIVE WORLD COURT DEMAND CONFIRMS THEY KNOW THAT THEY ARE CRIMINALS

• ADDENDUM: THERE ARE MORE THAN A DOZEN LIVE AMERICAN POWs HELD IN BURMA: Please scroll down to this Addendum, which highlights the fact that when Senator Jim Webb picked up an American in Burma recently, as reported below, HE DIDN’T DO ANYTHING TO RESCUE THE DOZEN OR MORE AMERICAN PRISONERS OF WAR WHO ARE STILL BEING EXPLOITED AS SLAVE LABOUR THERE, DECADES AFTER THE END OF MILITARY HOSTILITIES IN THE REGION.

That’s because Burma’s a key component in George H. W. Bush’s drug-related deception relative to the Golden Triangle, and nothing, but NOTHING, must EVER be allowed to destabilise that verily colossal dimension of the global crisis, must it? But when THAT explodes, as it WILL, we’ll know all about it, and the US perpetrators will indulge in a soul-wrenching whining for mercy. When THAT happens, NO MERCY MUST BE SHOWN TO THEM. THIS WARHEAD HAS YET TO DETONATE.

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

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

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

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

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

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

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

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

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

• THE NEW, RECYCLED REVENGE OPTION: ‘PARTIAL PAYMENT’ DISCUSSED

• BRITISH MONARCHICAL POWER NEEDS TO REINFORCE ITS AUTHORITY

• FEDERAL RESERVE SECRETLY BUYING UP GEITHNER’S ‘TRASHETS’

• OFFICIAL U.S. TERRORIST FINANCING OPERATIONS FURTHER EXPOSED

• WHY THE MONARCHICAL POWER NEEDS TO RESPOND DECISIVELY

• IT’S OPEN WAR: THE RULE OF LAW NOW, OR INDEFINITE CHAOS

• THE FOUR CRIMINAL PRESIDENTS KNOW THEY ARE CROOKS

• ‘SOURCE OF FUNDS’ AND THE ‘MAXIMUM INCARCERATION TARIFF’

• WHEN WILL WE SEE THE GIGA-CRIMINALS ARRESTED?

• WORLD COURT GIVES 41, 42, 43 AND 44 CONDITIONAL ‘DEMANDED IMMUNITY’

• WORLD COURT MUST STOP THIS IMMUNITY ABUSE

• FURTHER FAILED ATTEMPT TO STING MICHAEL C. COTTRELL

• QUEEN MELUSINA ‘ROLLS OVER’ ON FELLOW RATS TO TRY TO SAVE HER OWN SKIN

• THE ‘CASH FOR CLUNKERS’ AND CHILD WELFARE SWINDLES

• BEHIND THE EXPLOSION AT THE DHSS BUILDING ON 20TH AUGUST

• EXTERNAL DRUG-RELATED SCANDALS LINKED TO THIS CRISIS
(A) THE AFGHANISTAN DIMENSION:
(B) THE BURMA DIMENSION:
(C) THE LIBYAN DIMENSION.

• SIMILARITY OF THIS MONUMENTAL EXERCISE TO EXORCISM

• SEE 28TH JULY POST FOR COMPARISON OF THE PARALLEL, INTERACTIVE U.S. AND SOVIET LENINIST SYSTEMS: ‘ANALYSIS OF THE GLOBAL CRIMINAL FINANCE CATASTROPHE’: ARCHIVE

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

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

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

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

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

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

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

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

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

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

NEW REPORT STARTS HERE:

FURORE ERUPTS FOLLOWING OUR 17TH AUGUST REPORT
Judging by the furore that erupted behind the scenes following our report dated 17th August, the international community descended on the White House like a thunderbolt – forcing a hasty retreat from the diabolical sabotage devaluation scam that had been under consideration.

In other words, exposure of that intended global criminal putsch against the American people and the Rest of the World, consigned the swindle to the White House trash bins.

MASSIVE DEVALUATION SWINDLE OPERATION CANCELLED
For, at 8.30pm on Thursday 20th August 2009, we were authoritatively informed that the massive US dollar devaluation operation had been cancelled. Apparently central banks, foreign governments, intelligence officials and international financial institutions and even the Israeli Government and the Vatican, with one accord, made it crystal clear, in language that even brainwashed White House intelligence operatives could easily comprehend, that the intended 60%-80% devaluation would be considered as an Act of Economic Warfare, and would be met with universal and uncompromisingly vigorous countermeasures. Any attempt to pay a debt in devalued trash represents, in both fact and law, a de facto repudiation of the debt, and also a default.

Had it not been for the fact that the criminal operatives have responded by seeking revenge by a means other than the drastic devaluation that they had in mind, we would by now be on the verge of developments which would have the potential for delivering the coup de grâce to the evil cabal of criminal US kleptocrats holding high office, past and present, and which will bring them lower than the communal drain into which they should have been thrust many years ago.

Moreover, in the process, a new, more stable and much less inflationary régime (over the longer term) would be brought into being. But this prospect, arising from the defeat of their devaluation swindle, has been placed ‘on hold’ until the newest scam developed by these unspeakable criminal operatives is blown out of the water.

THE NEW, RECYCLED REVENGE OPTION: ‘PARTIAL PAYMENT’
So we have to STOP here and relate the latest scamming operation they have come up with. It took the criminal operatives at the highest level – Obama, his three predecessors, Mrs Clinton, Dr Ben Bernanke, Timothy Geithner, Rahm Emanuel and Larry Summers – a few days to recover from the body blow, and to decide how to take their revenge on the fact that their scheme to devalue the dollar by between 60% and 80% had been exposed and therefore ‘blown’.

At about 7.30pm, on 21st August, we learned what they had decided to do.

As they couldn’t get their own way by smashing up all the world’s furniture simultaneously while also enriching themselves in the process, they are reported to us to have been seeking to indicate their intention to revert to the ‘partial payment’ or ‘negotiated settlements’ scenario that we first exposed in our report dated 1st July 2009 [see Archive].

BRITISH MONARCHICAL POWER NEEDS TO REINFORCE ITS AUTHORITY
Although we would sympathise with anyone who suffers from EGO (Eyes Glaze Over) given the slithering of these venemous snakes, it may now be recalled that after ‘President’ Barack Hussein Obama PERSONALLY intervened at the end of May to sabotage the Settlements, the White House and the Geithner Treasury put it about that the payees are to accept ‘Structured Settlements’ on a ‘take it or leave it basis’. And as we also pointed out in the report on 1st July:

‘In translation, this means, ‘here, take this pittance and these IOUs which may promise payment in tranches over 30 years, and be grateful, and shut up’. What this means is as follows (in the context of the horrendous fact [see below] that Bush 41, Clinton 42, Bush 43 and Obama 44 managed to obtain renewed (in the case of 41-43) ‘immunity’ from the World Court on Thursday 20th August]:

• The Representatives of the British Monarchical Power and the Chinese are placing unwarranted trust and power in the hands of Stateside operatives WHO CANNOT BE TRUSTED.

• On the contrary, these people appear to have been DOING DEALS, rewriting the Pay Orders, and CHANGING THE PAYMENT INSTRUCTIONS mandated by the injured parties [see (1) above]. [At least, that was the case until they were again caught out, on 21st August].

If we just ‘stay with this’ for a moment, this would imply inter alia that Leo E. Wanta may have been involved in some underhand arrangement to enable others to steal the money [BUT SEE BELOW]. FACT: Wanta accepted the Editor’s $35,000 two-year loan to get his probation reduced by five years and two weeks without having the resources to repay the loan and while indicating to the Editor that he would have the necessary funds available to remit on maturity – behaviour that falls under the heading of ‘Fraud in the Inducement’ [see at the foot of this report].

The objectives of any such illicit changes in the Basel-mandated Line Item payment requirements would include (a) ensuring payoffs to the corrupt US politicians; (b) ensuring that the Fraudulent Finance derivatives Ponzi operations stay in place, complete with off-balance sheet financing as though there had never been any discontinuity at all; (c) allowing the unreformed, unaudited and thoroughly corrupt Federal Reserve System, the cancer at the core of the crisis which ‘legitimises’ the endemic corruption of the big money center banks, to remain in control; and (d) PREVENTING THE LONDON DOLLAR REFUNDING OPERATION, for which arrangements have been in place since 29th May 2009, from materialising.

As previously explained, the London Dollar Refunding operation will take place transparently and above board, on the books, wholly in the private sector, with selected British and European-based institutions only (as no US financial institution can be trusted), delivering visible, cascading tax accruals both to the British and American Treasuries simultaneously. The tax payable to the US Treasury can be remitted via the British Treasury under the Bretton Woods arrangements.

Payments need to be paid so that those who will clean up this mess worldwide can get on with their appointed task. THREE YEARS HAVE BEEN WASTED. These payments MUST be made NOW.

FEDERAL RESERVE SECRETLY BUYING UP GEITHNER’S ‘TRASHETS’
Instead of which, the dim-witted official kleptomaniacs directing US financial policy are not only accumulating vast mountains of completely unnecessary debt in the background in exchange for the US Treasury’s avalanche of ‘Trashets’, but have discovered that, as we predicted in March, nobody is interested. Foreign purchases of this US trash are diminishing sharply.

Unsurprisingly, the Federal Reserve has been caught secretly buying up as much as nearly 50% of the ‘Trashets’ on offer at recent weekly Treasury auctions.

In other words, as the US analysts Chris Martenson and Jeff Nielson have recently pointed out, the authorities place their own agents at Treasury auctions, bidding on ‘own goods’ in order to drive up prices: ‘another example of the scam-mentality of the US Government – hardly a surprise, given the scam business models of their Wall Street masters’. These excellent analysts, who concur with our assessments, added, as Mr Nielson pointed out on 9th August:

‘The fact that the US Government needs to resort to such tactics is the clearest indication yet of how close the United States’ Ponzi-scheme economy is to total collapse’.

OFFICIAL U.S. TERRORIST FINANCING OPERATIONS FURTHER EXPOSED
One reason that Dr Ben Bernanke is secretly buying up Geithner’s ‘Trashets’ is to disguise from the foreign creditors who (as Martenson and Neilson have noted) ‘hold a mortgage over the US economy’ in order to try to prevent them seeing demand for the US Treasury’s trash evaporating – which realisation would cause interest rates to soar, ‘followed shortly thereafter by a downgrade to the United States’ national credit rating, which still holds the same farcical ‘AAA’ rating as trillions of dollars of Wall Street scam-products’.

But a second reason for this desperate behaviour by the complacent Dr Bernanke is that he STILL sees the Fed taking over complete financial regulatory power, even though it is rank bust.

All of which condemns Bernanke, Geithner, Clinton, Summers, Obama and the rest to accusations of Terrorist Financing, since they have explicitly rejected the CORRECT, private sector-only Dollar Refunding Solution which is alone capable of generating the needed taxable, transparent, on-the-books trading profits – in favour of the reprobate and sterile deficit-financing orgy in which these doomed operatives are wilfully and, it seems, mischievously engaged – in order to hang onto direct control so as to satisfy the greed of the controlling Intelligence Power while helping themselves to corrupt pickings, which these criminals believe they have every right to do. .

• Recall: Government cannot tax itself: so its only financial product is DEBT. In sharp contrast, the private sector generates WEALTH which the Government sector can TAX to finance its operations and debt. THIS is the principle that the American (and British) authorities SHOULD have applied, and which, perversely, they explicitly rejected for greed and control reasons – a catastrophic error of judgment (to be charitable) that will cost both them and the whole world dear.

With reference to our ‘BUT SEE BELOW’ observation added under (3) above, we are advised on unquestionable authority that Leo Wanta is not a factor in the equation, as has indeed been the case for some time, and in fact has nothing whatsoever to do with any alleged illicit variations to the delayed payout arrangements. If this is true, then the foregoing brief summary can therefore most sensibly be interpreted as representing a ‘wedge’ stance which has been developed by the flailing criminalist operatives, as they thrash around trying to find a way out of their bind, instead of doing what they should be doing – resolving matters by ceasing to interfere with the Settlements.

They cannot bear the prospect of losing control of Fraudulent Finance and of the consequences for them all personally that will arise from a belated sensible decision on their part to cease and desist from their obstruction of justice, even though they will have to swallow the fact that the releases will, inter alia, facilitate the London-located private sector Dollar Refunding operation which will refloat the US dollar, whether it is a Treasury Dollar or a Federal Reserve Note (FRN), which, in turn, will restore the US and the British public finances within two years.

WHY THE MONARCHICAL POWER NEEDS TO RESPOND DECISIVELY
All of which now forces us to use language that we have so far felt more comfortable avoiding, and we do so almost as though we are having to draw attention to our ‘fiduciary duty’ in this matter:

• Advisers to and representatives of the British Monarchical Power had better seize control of this situation immediately in order to insist and procure that the Economic and Financial Warfare that these people are waging against Britain, China and THE REST OF THE WORLD, ceases forthwith.

• Should the Four Criminal Presidents – who demanded and obtained World Court ‘immunity’ last week [see exposure details below] – renege on their undertaking, given last Thursday, to cease impeding the releases in exchange for these World Court ‘immunities’, the Writ of Execution which we are informed stands ready to be applied, SHOULD BE ENFORCED IMMEDIATELY:

• Without in fact bothering to waste yet more time returning to the World Court to have the Four Criminal Presidents’ ‘immunities’ removed, although this can usefully be implemented later. Any hesitation on this score in the context of their failing to deliver, should be eschewed and the Writ of Execution’s powers should be implemented forthwith. NO FURTHER LEEWAY OR PREVARICATION BY THESE CROOKS SHOULD OR CAN BE TOLERATED. The world cannot bear or put up with it.

• The British Monarchical Power should understand that NO DEALS OR ACCOMMODATIONS ARE POSSIBLE WITH THESE U.S. CRIMINALS. They are no different from Lenin’s criminal comrades, and they behave in an identical manner.

Specifically, Lenin taught ‘the interested’ that it is legitimate to renege on all agreements with ‘the bourgeoisie’ whenever the correlation of forces favoured ‘the revolutionaries’. These people are much worse than Lenin and his associates: neither ‘President’ Obama, this veteran CIA operative who has travelled for years on four passports, nor ANY of his colleagues, can be trusted to honour ANY undertaking. There has been no such thing as the Full Faith and Credit of the United States since Paulson single-handedly destroyed it.

• Agreeing to the World Court’s immunities from prosecution for Bush 41, Clinton 42, Bush 43 and Obama 44, as revealed below, was a bad, debilitating error and should never have happened. It is not good enough to let these people off the hook repeatedly (as they see it: but again, see below).

• As suggested above, AFTER application of the Writ of Execution, not BEFORE, the Monarchical Power should indeed apply immediately to the World Court for renewed powers and the removal of the top criminalists’ bizarre sudden ‘immunity from prosecution’ because, from what we have been advised, these crooks were (as late as the final transatlantic conversation we held on 21st August, since AFTER which payment arrangements were again believed to have been ‘adjusted’) continuing to perpetrate Economic and Financial Terrorism against the United Kingdom, the British Crown, the Chinese, the American people and the Rest of the World, and were evidently encouraged because the self-discrediting World Court had allowed this latest insult to the Rule of Law to prevail.

• And let us be quite frank here: If the British Monarchical Power does not immediately assert its power to prevent these crooks getting their own way, the British Monarchy may not survive.

IT’S OPEN WAR: THE RULE OF LAW NOW, OR INDEFINITE CHAOS
For make no mistake, this is OPEN WARFARE. If these US official criminals are allowed to get away with whatever scheme they may now pull which diverges in the slightest degree from the Basle-mandated requirements that were put in place earlier for the payments, the ‘whole of humanity’, to quote The Queen again, will suffer on an unimaginable scale.

Dr Ben Bernanke proclaimed on Friday 21st August that ‘the recession is over’. If that is the case, he needs to explain why it is that we are receiving anecdotal reports to the effect that supermarket shelves in some US areas are half empty, construction work across the nation has virtually ceased, cranes are idle, vast accumulations of containers lie empty at the docks, American manufacturing employment as a percentage of the total labour force has fallen below 9% (the lowest level ever recorded), rising job losses are worsening the United States’ spreading housing problems, the IMF is reporting that in many countries the potential exists for economies never to return to where they were prior to this criminal finance crisis being unmasked, and the only source of ‘reliable liquidity’ in the interbank market remains the proceeds of drug-trafficking (discussed below).

• Availability of funds: Informed sources advise us that Obama ‘couldn’t pay in January’ when he should have fulfilled the promises he gave internationally before becoming ‘President’ – because quote ‘there wasn’t enough money’ unquote. This issue has cropped up again, with the renewed bleating about ‘partial payment’. The underlying reality here is that vast sums have been illegally diverted, stolen, leveraged, hypothecated and otherwise exploited and alienated, with intermittent reports of monies being recovered and repatriated amid a welter of financial movements covered by ‘banking secrecy’, details of which are unknown outside the US Treasury, which is itself infested by duplicitous operatives. In the past, we have reported that Treasury Compliance Officers trying to do their jobs properly have even been threatened (under that criminal Paulson) with prosecution under the Patriot Acts if they did not cease and desist (from doing their jobs properly).

THE FOUR CRIMINAL PRESIDENTS KNOW THEY ARE CROOKS
The fact that the Four Criminal Presidents have ‘needed’ to DEMAND (see below) ‘immunities from prosecution’ from the World Court proves that these despicable operatives know full well that they are criminals, otherwise they would not ‘need’ the ‘protection’ that is supposedly to be afforded by such ‘immunities’. Therefore, we are at complete liberty to refer to these highest-level operatives as criminals without fear of contradiction, as they themselves, by their actions, have confirmed that this is the case. By definition, they have of one accord condemned themselves.

In time of war, terrorists are rounded up and given the ultimate treatment. The Four US Presidents, and the leading figures in the Obama Administration, backed by the criminalised Intelligence Power which controls all branches of the US Federal Government, the dialectical Party Power and the US Military (which sits on its backside doing nothing while these crooks pirouette before them) are, so far as the Rest of the World is concerned, indistinguishable from common Terrorists.

Money laundering and fraudulent financial operations are terrorist crimes under the anti-terrorism legislation which the Bush White House sponsored. Such legislation has been adopted in Britain and Europe, and the British Government invoked the anti-terrorism legislation to freeze the assets of Icelandic institutions last year, proving that such legislation can indeed be deployed against the perpetrators of egregious financial crimes.

• These people are perpetrators of egregious financial crimes and are holding the whole world to ransom, on the assumption that no power on earth can stop them. It is OUR job to make sure that they ARE stopped – and that their aberrations are brought to AN ABRUPT, JUDDERING HALT

‘SOURCE OF FUNDS’ AND THE ‘MAXIMUM INCARCERATION TARIFF’
Having dealt immediately above with the ‘revenge’ scenario – ‘negotiated settlements’ contrary to the Basle-mandated Line Item payment requirements, a ruse aimed inter alia at ensuring that the criminalised US legislators (including Obama) get paid contrary to the instructions of the issuers of the Writ of Execution – we will now revert to the state of affairs that can be described if and when this latest storm passes because of this exposure, like the last.

The essence of the emerging environment will, as we have repeatedly intimated, be encapsulated in the phrase ‘source of funds’. If proceeds have not been earned legitimately, funds will not be credited and investigations, likely followed by criminal proceedings, will ensue across the board. Cheques issued by offshore banks, will bounce. Funds transferred by them will not be accepted in the metropolitan centres without satisfactory explanations as to ‘source of funds’.

High-up criminals may only very recently have begun to understand the message delivered by the Judge in the main Madoff case, who handed down the maximum tariff, and is poised to repeat this exercise when Madoff’s former Chief Financial Officer, Frank DiPascali, is sentenced after pleading guilty in the second week in August to multiple financial crimes arising from his aiding and abetting of Bernard Madoff’s Ponzi operations, with the likelihood that he, too, will receive the maximum tariff – in his case, 125 years in jail. The Judge sent DiPascali straight to jail anyway, refusing him bail, despite his confession that he and others used historical data from the Internet and a random-number generator to generate bogus Madoff account statements for clients. “It was all fake. It was all fictitious, It was wrong , and I knew it was wrong”, DiPascali asserted in the seven-page plea agreement presented before the Court.

These court developments, the dark clouds surrounding the jailed Bush Sr. associate ‘Sir’ Alan Stanford and his colleagues, the 20+-year terms facing Ralph Cioffi and Matthew Tannin, senior Bear Stearns Asset Management personnel arrested for wire and securities fraud (a case coming to court in October), the new-found aggressiveness against wealthy US tax evaders that is now being displayed (disgracefully late in the day) by the Internal Revenue Service in the UBS scandal, and the case of the ex-Crédit Suisse brokers Eric Butler and Julian Tzolov for securities fraud (and in Tzolov’s case, jumping bail), send further signals to the criminal oligarchs that their game is up.

Time has indeed long been called on their endless free-wheeling bonanza orgy at the expense of others; and to suggest that, whatever last-minute wriggles over the releases they perform, their future prospects are bleak in the extreme, would be a foolish understatement. It’s ‘maximum tariff time’ for ALL CONCERNED, and Tzolov, for instance, faces 185 years in prison.

Following the latest version of the US Government’s agreement with UBS, under which Switzerland agreed to reveal the names of 4,450 wealthy Americans holding offshore accounts at UBS, Douglas Shulman, the IRS Commissioner, asserted that ‘this agreement sends an unmistakable message to people hiding income and assets offshore. The IRS will vigorously pursue tax cheats around the world’, and will obviously now turn its attention to other foreign banks which have been offering US taxpayers comparable ‘services’. A week prior to the US-Swiss accord, Liechtenstein agreed to a parallel anti-tax evasion accord with the British authorities.

WHEN WILL WE SEE THE GIGA-CRIMINALS ARRESTED?
Now as everyone who is not sitting on their brains is thinking, when are we going to learn that the criminal Godfathers – the holders of the highest offices who have abused their tenures on a scale with no historical precedent and who have all just openly admitted, with one accord, that they are criminals by their action in DEMANDING ‘immunity’ – are likewise going to be hauled before the US courts, to be advised that they, too, will be made to suffer the consequences of their serial crimes, receiving ‘maximum tariff’ sentences, after the manner of their equally despicable lesser comrades who ransacked the wealth of targeted investors on the assumption that because people at the top were ‘doing it’, they were protected as well?

• And the protection upon which they and the highest-level kleptocrats relied, of course, was the still unreformed ‘criminals’ charter’ known as the National Security Act et seq., which the cynical criminalised elements of the US intelligence community exploited ruthlessly while making sure to confuse the ‘national interest’ with their own personal self-interest and greed.

For, equipped with their Reagan Executive Order 12333 ‘intelligence corporations’, of which they owned the shares in their personal capacity, greedy US operatives fanned out across the globe, expanding the ‘opportunities’ opened up by their pillaging of the Soviet Union authorised under President Reagan [see report dated 28th July], whose corruption can certainly be compared with those of his four successors – and visiting innumerable other countries with their seedy deals.

In other words, the ransacking of the Soviet Union set a precedent for the pillaging of many other countries – including, inevitably, as the Soviets themselves ensured, the United States itself – and procured the dissemination of US organised Fraudulent Finance and Ponzi techniques all over the world, corrupting central banks and governments everywhere.

But with the extraordinary success of these exposures, expectations have been raised that it is high time (in fact it is way beyond time) that the highest-level criminals are brought to justice, and are seen to be suffering the consequences of their fraudulent activities, just like their lesser minions. People are becoming understandably ‘beyond impatient’ for this to occur.

And so, what did we learn on 20th August 2009?

WORLD COURT GIVES 41, 42, 43 AND 44 CONDITIONAL ‘DEMANDED IMMUNITY’
We were informed by impeccable sources (several) that ‘President’ Barack Hussein Obama was, after a great deal of transatlantic paper-shuffling, granted ‘immunity from prosecution’ by the World Court effective Tuesday 18th August., a FACT which, as mentioned above, naturally presupposes that ‘President’ Obama KNOWS THAT HE IS A CRIMINAL: otherwise he wouldn’t have ‘needed’ to apply for ‘immunity from prosecution’, would he?

At about 4:00pm UK time on Saturday 22nd August, the Editor was authoritatively informed that all FOUR Presidents – George H. W. Bush Sr. (41), his colleague William Jefferson Rockefeller-Clinton (42), George W. Bush Jr. (43) AND Barack Hussein Obama (44), collectively DEMANDED ‘immunity’ from the World Court IN EXCHANGE FOR THEM ALLOWING THE RELEASES TO PROCEED, and that this ‘immunity from prosecution’ was granted by the World Court on Thursday 20th August.

• It has not been explained to us why ‘President’ Obama needed to reinforce the ‘immunity from prosecution’ that he was reported to have been granted on Tuesday 18th August.

Ipso facto, therefore, ALL FOUR U.S. PRESIDENTS have acknowledged that they are criminals, which itself begs a large number of questions about their futures given the innumerable felonies that these criminal operatives have committed.

Moreover their joint DEMAND for ‘immunity’ represented the exercise of DURESS against the World Court, representing the international community, the Crown and the Chinese parties – which means that, especially if they renege on their latest undertaking now, they can expect no further leeway or accommodation from ANY aggrieved party whatsoever, even, we believe, from their own military which has quite disgracefully remained complacently on the sidelines, after successive Provosts Marshal botched the execution of their responsibilities.

Now before you all shriek, as you might understandably do, that ‘we have been here before, for heaven’s sake’, observe the following:

• All our sources were unanimous in ADDING that the big powers involved (Britain, meaning the Monarchical Power, Russia and China) had indicated that they would now have ‘no objection’, for the immediate practical purposes of procuring the releases, to such ‘immunity’ being granted, because (spoken or unspoken) all four of these now self-admitted despicable criminal financial terrorists ‘will be going to jail anyway’ [see below].

• ‘President’ Barack Hussein Obama is INCLUDED in the Group of Four Top Criminal operatives who have been granted ‘immunity’ (in his case, TWICE).

• As noted earlier, to seek immunity from prosecution implies that the individual looking for it is aware that he or she is in danger of prosecution for criminal activity, which is another way of saying that the applicant knows that they have a problem, i.e. are guilty of criminal behaviour. Therefore, Obama knows that he is a criminal operative, like his three predecessors – all of whom considered that, yet again, they needed the protection of World Court immunity, which had been stripped from them earlier. Obviously, these ‘immunities’ are strictly conditional upon performance, and this time, we do not expect that the crooks will have any rope left which would enable them to escape the consequences of any renewed failure to procure the releases.

Now, self-evidently, since World Court decisions and even the existence of its hearings are closely held intergovernmental secrets, we do not know (yet, at any rate) what any other quid pro quo for this belated ‘granting of immunity from prosecution’ may really have been.

All we know is that because crimes were committed abroad and against foreign parties, especially against the British Monarchical Power and the Chinese parties (which is by no means to downplay the pillaging of American investors who were enticed into the perpetrators’ organised criminalist Ponzi schemes), the World Court has jurisdiction to remove or impose ‘immunity from prosecution’ at will if it so chooses – implying the certainty that if these crooks ‘fail to deliver’, their immunities will immediately be revoked.

We can further deduce from all this that the Big Four World-Class Presidential Criminals, including the current ‘President’ of the United States who obviously feels the necessity for such ‘protection’, attach singular IMPORTANCE to such World Court ‘immunity’ and would therefore, conversely, be aggrieved and concerned should the ‘immunities’ be withdrawn in the event of their continuing with their routine obstructions of justice. After all, they DEMANDED their ‘immunities’.

• If you DEMAND something (not subject to negotiation) you REALLY NEED IT.

On the other hand, as this Editor mentioned to a US source, the criminal mentality would be more than likely to react to such a concession with an attitude of: ‘See what happens when we dig our heels in? We get our own way’. Which could mean that they may STILL be foolishly tempted, even now, to revert to corrupt ‘business as usual’ (having chosen not to understand the ‘maximum tariff’ message outlined above): see above for details.

WORLD COURT MUST STOP THIS IMMUNITY ABUSE
Our own view is that it is beyond a disgrace that the World Court sees fit to play fast and loose with the crimes of highly-placed persons, handing down judgments which are contradicted later with this deplorable ‘immunity from prosecution’ device.

For this confirms that, as we have maintained all along:

• In the intergovernmental sector, anything goes, assets are ‘diverted’ and stolen, deception prevails, and no-one is responsible.

• The World Court is itself corrupt, cannot be relied upon to sustain a stance based upon the Rule of Law, and is allowing the depredations of these criminals to degrade its standing and to parade the evident reality that, in the intergovernmental sector, the Rule of Law can be variable, does not automatically apply, or both of the above.

Given the huge power of this website as a consequence of these exposures, it is just possible that greater knowledge of this scandalous state of affairs may goad the World Court into cleaning up its own act – something that it would be well advised to do, considering the mass anger surrounding the financial terrorism atrocities perpetrated by these criminals, whom the World Court sees fit to let off the hook with such apparent disdain for the Rule of Law.

The World Court is hardly an appropriate forum for such truly disgraceful inconsistencies. Either it applies the Rule of Law, or it should be closed down as not fit for purpose.

It may be argued that without the World Court, the convenient (for the criminals) chaos that reigns at the intergovernmental level would be worse. However logic dictates that any such argument consumes itself, since the World Court has demonstrated that it cannot be relied upon, from one day to the next, to maintain a consistent course. A crime that is adjudged to be a crime on Monday remains a crime on the following Thursday.

However the World Court appears to take the view that the consequences for perpetrators of the crime that was considered a crime on Monday, can be varied later in the week.

• This is unconscionable humbug.

Reverting to the ‘pragmatic’ responses of the main powers involved in pressing for matters to be regularised, we understand that these powers ‘authorised’ the World Court to ‘grant immunities’ to the Big Four perpetrators, on the spoken or unspoken basis that, as indicated, ‘it is neither here nor there, because they’re all going to jail anyway’. In this connection, there are now persistent reports that the Big Four and their most notorious associates WILL INDEED find themselves at the receiving end of the harsh whip of justice, given the deliberations of the National Security Grand Juries and the insistence of external powers (especially, we understand, the British Monarchical Power’s representatives) that none of these criminals should be allowed to walk away unscathed.

• But so far, that’s what’s happening: AND IT STINKS.

FURTHER FAILED ATTEMPT TO STING MICHAEL C. COTTRELL, B.A., M.S.
In this connection, certain nefarious developments following our report here dated 17th August, reportedly involving Leo Wanta, Tom Melville and Senator Schumer, together with other first-hand indications that we have received, reinforce our belief that the corrupt politicians are not going to be remunerated for their corruption, contrary to their expectations – prompting a scramble for last-minute Pay Orders, and an extraordinary attempt to ‘sting’ Mr Michael C. Cottrell, B.A., M.S., which failed – greatly exacerbating the ‘plight’ facing the kleptocrats in the Legislative Branch, which in this context, includes former Senator Barack Obama.

• These people were not going to be paid, and they were furious. At least one attempted bribe of a senior politician to get him to intervene, has failed.

And at the same time, the jockeying for corrupt pay-offs that has been going on, seems to be the primary factor underlying the prevarications which have bedevilled the Settlements throughout 2009, especially most recently. This is exceptionally significant, because these selfish operatives and others have been wilfully holding the United States, the American people and the Rest of the World to ransom while they scrabble to try to procure payoffs for themselves, in the face of their belated realisation that they aren’t on the pay list – and to hell with everyone else.

• Hell is, however, where these people are destined to wind up.

For not the least of their problems will be the fact that any ‘deals’ that they may have tried to pull behind the scenes represent EXTORTION and attempts to obtain pecuniary reward by deception, placing each and every one of those involved in the law enforcement firing line. Since Leo Wanta has not been paid, he is in any case in no position to give any Pay Order undertakings: vide ‘Fraud in the Inducement’ – the crime that he committed when signing massive known Pay Orders, and when borrowing $35,000 from the Editor of this service for a two-year term at 7%, with which his probation was shortened by five years and two weeks [see report dated 6th August 2007, on the Wisconsin Tax Gestapo sequence].

QUEEN MELUSINA ‘ROLLS OVER’ ON FELLOW RATS TO TRY TO SAVE HER OWN SKIN
In parallel with evidence that the scalded rats are jockeying for belated Pay Orders after the stable door has been slammed shut in their faces, are indications that the notorious Mrs Queen Melusina, codename for Mrs Hillary Rodomski Clinton, the US Secretary of State, has ‘rolled over’ not just on her former Bushite associates in crime, but on others as well, including prominent legislators.

Like the discredited former British Prime Minister, Tony Blair, recall, back in the final quarter of last year, ‘rolling over’ came naturally to this duplicitous, two-faced, principle-free deception artiste – a point that the stupid CIA operatives who recruited her in the first place should have anticipated. Taking risks with an individual as slippery as this Jezebel was little short of demented.

Quite apart from any other consideration, she’s rather stupid. Any operative who, at this late stage of the exposure process, imagines that it is safe to walk into a bank in Baghdad to try to pull the stolen Katrina money, risking obvious chances of having her right shoulder weighed down by the heavy, clammy hand of a Gold Badge despatched to the institution specially for the purpose, has allowed her arrogance to blind her to reality – a familiar failing among these highest-level CIA crooks who imagined that they would always be ‘covered’ by the 1947 National Security Act et seq.

But she’s not so stupid as to waste time defending the crooks with whom she has been associated all her working life – choosing instead to ‘cooperate’, in the hope that any ‘transactional’ immunity from prosecution will be sustainable. The way things are going, that seems most unlikely. People are suddenly disappearing, and we have had at least one report to the effect that (quote) ‘things are getting bloody’. However during the week ending on 21st August 2009, the Clintons surfaced in Bermuda, supposedly for a ‘short break’ – only to leave in a hurry on Thursday 20th at the approach of the appropriately named Hurricane Bill. We are supposed to believe that they ignored the earlier hurricane warnings before travelling to that lovely tax haven, which they appear to have ‘needed’ to do, all of a sudden, in a hurry.

This visit is especially interesting because, as indicated above, all Four of the Criminal Presidents DEMANDED World Court ‘immunity from prosecution’ in unison on Thursday 20th August. Far from leaving Bermuda in a hurry because of the approach of Hurricane Bill, therefore, the likelihood is that they may have feared that the demanded ‘immunity’ might not eventuate, so that they might be arrested on British territory. Which further suggests to us that they HAD to appear JOINTLY at a bank in Bermuda in order to untangle some banking matter held in their joint names, and that they took a calculated risk that the British authorities would not get their act together and arrest them ahead of the World Court’s demanded ‘immunity’ being granted.

THE ‘CASH FOR CLUNKERS’ AND CHILD WELFARE SWINDLES
There have also been indications, too, of domestic funds being siphoned away from their intended purposes, in order, it is suspected by qualified observers, to compensate the super-corrupt US politicians for the reality that, on the insistence of the foreign injured parties who are supposed to be in the driving seat, none of these people are to be paid a cent. In this sordid connection, two disturbing developments stand out as the White House scrapes the bottom of the barrel to siphon out funds in order to finance corrupt payoffs to cronies in the Legislative Branch:

• THE ‘CASH FOR CLUNKERS’ SWINDLE: In Britain, this operation is referred to as ‘the Scrappage Scheme’, and according to recent reports, it has operated successfully, raising the level of new car sales with old cars taken in part exchange, although the bureaucratic paperwork faced by UK car dealers is burdensome. As a market intervention mechanism with practical outcomes (greater road safety, increased sales of new cars), it makes sense – except that, given the de-industrialisation of Britain due to its catastrophic participation in the German-controlled European Union Collective, the new cars are almost all imported from Germany: so the clear downside is that ‘scrappage’ has interfered with the improvement in Britain’s debilitated balance-of-payments that should rightly be associated with a domestic slump. But at least there has (so far) been no whiff of scandal.

• Unlike the parallel ‘Cash for Clunkers’ scheme in the United States, under which bureaucratic scheme automotive dealers have experienced a mini-boom in auto sales and have transacted hundreds of thousands of deals on the same ‘scrappage’ basis, whereby the dealer supposedly receives $4,000-$5,000 for each old vehicle traded for a new one.

On 20th August, the US Transportation Secretary, Ray LaHood, announced that the popular scheme will be abruptly terminated on Monday 24th August because, according to The Washington Post, the $3.0 billion allocated for the program has ‘been depleted’.

However no-one seems to know why the ‘Cash for Clunkers’ scheme has been depleted, because the automotive dealers, who are owed millions of dollars, haven’t received a single red cent.

None of the money has been paid to them. For each deal, they are required to fill in an enormous document, and there have been anecdotal reports of these documents being repeatedly rejected because of some error or other – the covert purpose of the documents being to preclude payment from the scheme to dealers altogether.

So it looks suspiciously as though the ‘depletion’ of the $3.0 billion scheme is attributable to the fact that the money, like the Katrina funds, has been STOLEN – to finance, we are advised, payouts to corrupt politicians inside the Washington Beltway.

• THE CHILD WELFARE SWINDLE (ESPECIALLY APPLICABLE TO PENNSYLVANIA):
Under a US Department of Health and Human Services decision specifically ORDERED by the Obama White House, the Federal Government has indicated that it will not be paying for such needs as the placement of unwanted or abused children in temporary accommodation (i.e., it will not now finance orphanages, specifically, we are given to understand, within the Commonwealth of Pennsylvania). Instead, it is requiring that the Commonwealth of Pennsylvania’s counties (which we know about: whether this applies in other States, we are not sure) to make due provision, out of thin air, for the necessary funding (going back to at least 2008).

• The money which SHOULD be available is reported to have ‘gone missing’: another instance of domestic funds being diverted, we are specifically informed, to finance corrupt crony payoffs.

•This will force counties to curtail or cancel contracts with providers in this field and will have the effect of children roaming the streets of some cities, as in Brazil.

Consider, therefore, the depths of the grotesque deceit surrounding a recent staged photograph of ‘President’ Obama greeting small children. Quite seriously, our responsible sources are actually telling us that this represents another ‘scraping the bottom of the barrel’ scam, as the perpetrators scour the system for cash that can be STOLEN to pay off their cronies and themselves.

• FACT: EXPLOSION AT THE DHHS BUILDING:
The very next morning after the Editor had discussed this swindle on the transatlantic telephone line, an explosion shook the Department of Health and Human Services building in Washington. Ostensibly, a ‘transformer exploded at about 9:45 am’ in what was described as the Department’s penthouse electrical room. But ‘There was no smoke or fire’, according to a spokesman cited by The Washington Post. A DC Fire official said: ‘As a precaution, we have cleared the building of about 300 occupants, and right now we continue to evaluate the building’s electrical system’.

After a 40-minute evacuation, employees returned to the building, and the electrical systems were declared to be operational. The blast occurred at around the same time in the morning as earlier, similar, explosions inside the Beltway, implying that any sabotage had been perpetrated overnight.

Unsurprisingly, the official explanations for this episode are believed to be diversionary. We are authoritatively advised that because we discussed the aforementioned DHSS swindle on the open transatlantic phone line, someone panicked and created this diversion to cover up evidence of the swindle before it exploded in the face of this duplicitous White House.

This episode is reminiscent, is it not, of earlier ‘explosions’ in DC buildings that we have reported, suspected of having been orchestrated by the Cheney Gang.

EXTERNAL DRUG-RELATED SCANDALS LINKED TO THIS CRISIS

(A) THE AFGHANISTAN DIMENSION:
Internationally, three contemporary developments appear to be related to this crisis:

The continued Afghanistan scandal: As reiterated in this space, the British Ministry of Defence had better things to do than to bother answering our open letter posted here over a year ago, in which we pointed out that we urgently needed a precise explanation of what we are doing in Afghanistan. We elaborated that if this was not forthcoming we would have to conclude that suspicions that we are operating there in order to seize and maintain control over the heroin trade, in conjunction with the criminal Americans so as to control it, are accurate.

Rather than lie to us, the Ministry of Defence chose to ignore our letter completely – a foolish and arrogant decision on their part, since this question is now, as mentioned in the preceding report, the primary issue to which the UK media are repeatedly returning. Following an issue of The Daily Telegraph which consisted of nothing but pictures of most of the 204 British troops who have died in Afghanistan and from their wounds there, further reports appeared showing disconsolate small children and war widows and relatives weeping over the coffins of British troops who have died in this war. If the wounded are included, over 1,000 families are now affected by this scandal.

Recently, a BBC programme interviewed British troops in Afghanistan. The interviewer repeatedly asked the troops the straightforward question: ‘What are you doing here?’ The soldiers answered (correctly): ‘We don’t ask questions. We just carry out orders’. The significance of this is that the BBC, which usually neglects the real issues in favour of its own statist and socialist agenda, is asking OUR question.

No-one ever receives a coherent answer to it. It would be simplicity itself for the UK Ministry of Defence to publish a succinct explanation of the purposes of British participation in this diabolical operation. When the Editor phoned the MOD in 2008, he was pushed around from official to official, until some female offered the explanation that we are in Afghanistan in pursuit of international objectives, and would I like to talk to the Foreign Office?

• Since the Foreign Office has consistently betrayed British interests ever since the Editor was born, and long before that, we did not take up that kind offer.

In January 2009, the head of UNODC (United Nations Office on Drugs and Crime), Signor Antonio Maria Costa, gave an interview in the Austrian journal Profil, to which we have referred on several prior occasions. In that key interview, Antonio Costa specifically confirmed that the ONLY liquidity available in the interbank market in the second half of 2008 (meaning, we think, from around mid-September onwards) was derived from the proceeds of drug-trafficking.

• This appears to have been the first acknowledgement by an international or national official of the intimate connection between the failing international financial system and drug-trafficking, which of course is a crime against humanity.

For this reason, we consider Sig. Costa’s observation to be the most important indicator of reality EVER to have emerged from the bowels of the usually complacent and self-interested international and national official communities – because it illuminates the criminalised (drug-related) financial dimension underlying global relations, the financial crisis itself, and specific intractable trouble spots, such as Afghanistan and:

(B) THE BURMA DIMENSION:
All of a sudden, we are informed that the Obama Administration is ‘reviewing’ US policy towards Burma, which has been shut off from the Rest of the World for decades, like Cuba, formerly Iraq, Syria, Libya and Vietnam, and North Korea. With the exception of Cuba, these pariah régimes were deliberately ‘bottled up’ so that their mineral resources could not be exploited to any meaningful extent, sustaining false pricing, until it suited the interests of the drug and oil controllers to do so.

And now, all of a sudden, Burma is above the radar. Specifically, Senator Jim Webb of Virginia (an operative, of course), procured, on Sunday 16th August, the release of an incarcerated and ailing American, Jim Yettaw, who had been sentenced to seven years’ hard labour in Burma.

Senator Jim Webb is Chairman of the Senate Foreign Relations Committee’s East Asia and Pacific Affairs Subcommittee. The Senator dropped in on Rangoon on a flight from Bangkok on the Sunday, picked up the American, and returned to Washington, indicating that the handover had been pre-agreed. The 55-year-old Mr Yettaw, who supposedly has ‘serious health problems’, had been held in Insein Prison in Rangoon (Yangon) since his arrest in May 2009.

The American had been arrested as he swam away from the lakeside ‘safe house’ residence of the detained Burmese Opposition leader Aung San Suu Kyi, where he had sheltered for two days after sneaking in uninvited. He was convicted during the week preceding Senator Jim Webb’s arrival for breaking the terms of Suu Kyi’s house arrest and related charges, and sentenced as indicated to seven years’ in prison with hard labour. Suu Kyi, who has been detained for 14 of the past 20 years, was herself sentenced to three years in prison for violating her house arrest conditions following this episode, although her new sentence was reduced to 18 months’ under house arrest by order of the head of the Burmese Junta, Senor General Than Shwe.

‘President’ Obama signalled in his Inauguration speech that his Administration would be prepared to ‘engage’ with any (pariah) Government that showed willingness to reciprocate; and in February, Mrs Melusina Clinton, in a trip through Asia, made some pointed remarks about the failure of US and international policies to influence Burmese official behaviour; and the ‘received’ view is that this is because ‘Burma is protected by China’.

But the real reason is that Burma is at the apex of the notorious ‘Golden Triangle’ and is financed by the proceeds of illicit drug-trafficking operations. If our necessary conclusion (for want of the requested official explanation) is correct – that we are in Afghanistan to help the corrupt Americans control and exploit the heroin business, the proceeds of which are used to lubricate the interbank market – and if it is indeed the case that the Afghanistan operation has gone horribly wrong (as all foreigners intermeddling in this place learn to their detriment, except that the present bunch are purposely ignorant of history, which they despise) – it would follow that Burma is being ‘softened up’ for rehabilitation, with the same underlying criminal objective in mind.

• The 18 months of Suu Kyi’s house arrest is just about the length of time that might be needed for Burma’s intended ‘rehabilitation’ to mature, although it will also cover the period of the ‘General Election’, removing the opposition leader from platforms. But the central issue is: Drug money is just about the only ‘reliable’ open-ended source of liquidity left in the interbank market.

And according to a Washington Post-ABC News poll reported on 19th August 2009, a majority of Americans consider the war in Afghanistan as not worth fighting for, while barely 25% say that more US troops should be sent there. Opinion polls are the means used by ‘the controllers’ to determine how far they can push unpopular policies. They now have their answer.

Hence Burma.

ADDENDUM: THERE ARE MORE THAN A DOZEN LIVE AMERICAN POWs HELD IN BURMA. One of these is Daniel Hubbs, US Navy. The living Prisoners of War were provided to Burma by Laos for contract slave labour to work on certain road projects. Specifically, the latest bridge project located in the Saiyabori Louang Namtha area in Laos links with the Burma road projects which connect up with the northern end of the new bridge, which has also been constructed by the same slave labour group using American Prisoners of War.

However Senator Jim Webb didn’t, apparently, see any need to rescue these ageing US POWs who have been ruthlessly abused as slave labour in conformity with the gigantic drug-related deception perpetrated by Godfather George H. W. Bush whereby US and other former military are held in the region illegally decades after the ending of hostilities.

• This dimension of the global financial-drug criminalism crisis has yet to explode in the faces of these criminals; and it will. When it does, we will observe what happens during exorcism, which is not elaborated upon in the segment on exorcism below. During that procedure, three phases are usually observed: first, a prolonged and ominous silence; next, the terrorising; and finally, the most soul-wrenching whining for mercy. The DEMAND by the Four Criminal Presidents that we cite in this report straddled, it seems, the second and third phases of the ‘exorcism’.

• We can expect to hear a great deal more soul-wrenching whining for mercy, not least when the POW scandal explodes. It has the potential to bring down governments, starting in Washington.

(C) THE LIBYAN DIMENSION:
In a sequence of grim events which continues the strand of international tension surrounding the bombing of Pan-Am 107 that crashed over Lockerbie, Scotland, in 1988, the Scottish Administration, which under the devolution arrangements reached in 1999, is in charge of prisoners in Scotland, released Abdenbaset Ali Mohamed al Megrahi, from long-term jail on 20th August.

The reason given for the release by Kenny MacAskill, the Scottish Justice Minister in the Scottish Nationalist Government who himself has a murky past, was ‘mercy’ and ‘humanity’ in the face of the Libyan’s fatal prostate cancer and the fact that he is supposed to have only three months to live. If the only man to have been convicted for the Lockerbie atrocity is ill, this did NOT appear to be the case from the close-up photographs of his half-covered face as he walked unaided up the steps to his Libyan plane at Glasgow Airport.

This episode has to be read upside down. First, dealing with the Scottish Minister’s own agenda, the decision showed that Scotland can take decisions with major international consequences in the teeth of American opposition (after a sharp phone call from Queen Melusina herself, no less).

Thus the devolved Scottish Nationalist Administration contrived to propel itself abruptly onto the international stage, causing satisfaction among the Nationalists and discomfort everywhere else.

More to the point, the Scottish Minister sidestepped the possibility that al Megrahi’s conviction could have been overturned on appeal, which the Libyan suddenly dropped on the preceding Friday. Mr MacAskill stated that ‘I can only base my decision on the medical advice I have before me’, adding that the decision had been taken for reasons of mercy and compassion ‘and for these reasons alone’. But, as the perceptive Daily Telegraph analyst, David Blair (no relation) pointed out:

‘If so, why did the Libyan suddenly drop his appeal last Friday? Why did his lawyers then go to court and win judicial approval for this decision (to release him) on Tuesday? If Mr Megrahi’s plight as a prisoner struck down by terminal illness was the only factor in Mr MacAskill’s mind, these moves would have been unnecessary’.

‘Once the doctors had reported on the severity of Mr Megrahi’s prostate cancer, he could have expected to go free on the strength of the mercy and compassion which Mr McAskill has hailed as the ‘defining characteristic of Scotland and the Scottish people’. Once back in Libya, Megrahi could have sought to clear his name by persisting with his appeal’.

‘Instead, the evidence suggests that an implicit deal was struck. Mr Megrahi won his freedom, in return for dropping the proceedings that could have been highly damaging for the reputation of Scottish Justice. So Mr MacAskill, a lawyer, has saved his legal system from embarrassment while placing Scotland’s Government on the world stage. He has also thumbed his nose at Washington’ which, nowadays, nobody cares much about. And ‘with admirable skill, he has taken the decision that yields the maximum political gain’.

But while that ‘takes care’ of the Scottish dimension, the deeper implications here are not hard to discern. First, as The Daily Telegraph’s analyst pointed out, ‘one important voice in this saga has been strangely silent. Despite Megrahi’s fate having significant implications for relations between Britain and Libya, London has had nothing to say’.

But in November 2008, Britain and Libya concluded a ‘Prisoner Transfer Agreement’ which, of course, was agreed with this particular transfer in mind. Libya nowadays is the location, too, of British Petroleum’s largest exploration project. And since Britain is supposed to be the United States’ ‘closest ally’, the White House, like a really good friend, should be happy for the United Kingdom that things are working out so awfully nicely.

But The Daily Telegraph’s front page headline on 21st August read: ‘Obama’s fury as Lockerbie bomber flies home to Libya’, as the President ‘led growing international condemnation’ of the Scottish Administration’s decision, which had in fact been facilitated by London last November via the foregoing bilateral agreement.

Since we know, from our experience in watching ‘President’ Obama ignoring and riding roughshod over the interests of the American people in pursuit of a truly perverse Terrorist Deficit Financing agenda including self-enrichment, that the occupant of this White House is no more interested in the problems facing Americans than his three notorious self-interested predecessors, the alibi that Obama was speaking on behalf of the grieving and bereaved families of the victims of that atrocity, carries no conviction. So why, then, was Obama described as being ‘furious’?

Here’s why. The Scottish Judicial system was indeed likely to declare that the conviction of the Libyan intelligence operative was unsafe. So he would have been released by the court. And why was it unsafe? Because, as we separately exposed in our Arab-Asian Affairs report several years ago, the Libyan Government was made the ‘fall-guy’ for a crime that it did not sponsor – a reality that emerged when Mr Tony Blair’s ‘diplomacy’ resulted in the sudden rehabilitation of Libya in exchange for a (false) Libyan admission of guilt and Libya purportedly abandoning its quest for weapons of mass destruction, which was accompanied by Libyan comments that the admission of guilt had been agreed for pragmatic purposes only, i.e. ‘under duress’.

• FACT: The Libyan leadership took the pragmatic decision that it would put up with the cynical Western stipulation that it should accept guilt for the atrocity that it did not commit (in order to assist the Americans with their Bush-linked cover-up imperative), on the principle that ‘we are hideously unpopular anyway, so admitting responsibility makes no difference’.

• FACTS: Pan-Am 107 routinely transported drugs sourced from the Beka’a Valley in Lebanon, to the United States. The drugs were transferred to the aircraft daily at Frankfurt Airport. This drug-trafficking operation, handled by controlled cells associated with Palestinian groups, was reported to have had links with the Bush Crime Syndicate.

The release of Mr al-Megrahi leaves the matter of Libyan involvement up in the air but at the same time removes the protective blanket that exploited Libya as cover for the real perpetrators of that atrocity, which reflected a dispute for control over this source of illicit drugs (needed to finance the interbank market, as discussed above).

Therefore, Obama’s ‘fury’, given that he ‘works with’ the Bush Crime Syndicate, or what remains of it, reflects annoyance that America’s ‘closest ally’ has disregarded such sensitivities – which, given the way that we are being treated these days by the Americans, should come as no surprise.

SIMILARITY OF THIS MONUMENTAL EXERCISE TO EXORCISM
Some observers of these events, especially (through no fault of their own) any ‘latecomers to the party’, indicate that they are often baffled by the endless twists and turns, the ying-yang switches or, more precisely, the dialectical reversals of which these narratives bear record.

And they bear record of these extraordinary events for eternity, because we have had to republish these reports in our financial journal International Currency Review, so that they are available for study and analysis both now and in the future – ensuring that a veil can NEVER be drawn over this criminality at the highest levels of the American Government, aided and abetted by stupid foreign accomplices who were too greedy or blind to see what was happening.

But another way of looking at the up-and-down switches purveyed in these narratives would be to compare what we are observing, with exorcism. Now the Editor’s late friend, Father Malachi Martin, who died in July 1999, was an exorcist, and taught the Editor about this process. His remarkable book ‘Hostage to the Devil’ [Reader’s Digest, 1976; HarperSanFrancisco, ISBN 0-06-065337-X, 1992] describes the exorcism of five Americans, whose cases the Author selected because of the type of their demonic infestations which this expert considered to represent the most common categories of demonic possession prevailing in the United States in the first half of the 1970s.

Malachi Martin taught the Editor the remarkable and mysterious fact that the ONLY Name to which Evil Spirit (a phrase used to define either single or multiple possession; and most possessions are multiples) is that of Jesus Christ. At the mention of His Name, Evil Spirit is invariably terrified – a momentous fact repeatedly revealed in the Gospels, if only we have the humility to understand.

The spirits within the possessed who pleaded to be released into the Gadarene swine, knew who He was and pleaded for ‘mercy’. And before being exorcised, the possessed recognised Jesus for who He is and ran towards Him and fell down at His feet and worshipped Him:

‘But when he saw Jesus afar off, he ran and worshipped Him. And cried with a loud voice, and said: What have I to do with thee, Jesus, thou Son of the most high God, that thou torment me not?’.

‘For He said unto him, Come out of the man, thou unclean spirit. And He asked him, What is thy name? And he answered, saying, My name is Legion: for we are many’.
[Mark, Chapter 5, verses 6-9].

In this sequence, we learn two important things. First, the mysterious reality, in this context, of the interchangeability of the singular and the plural (a mystery first manifested in the Book of Genesis). While Evil Spirit considers himself to be one, he also acknowledges that he is like a dog covered in lice: the possessed has multiple ‘familiars’. The second point (of paramount importance) is that Evil Spirit(s) have a name (names). In order to exorcise them, their name(s) must be called.

This explains why we repeatedly mention the perpetrators of these crimes BY NAME: because, in order for their perversity to be capable of any explanation at all, it is prudent to assume that they are possessed: otherwise they would be susceptible to reason, which they are not (which is why negotiating with them is a complete waste of time: as Lenin taught, all their agreements are to be reneged upon at their own perverse will).

Another famous exorcism, which appears at the beginning of the Gospel of Mark, illustrates the extraordinary mystery of the fact that Evil Spirit recognises and responds ONLY to the Name of Jesus Christ – a verified fact so remarkable that it serves as a compelling reason for faith that Jesus Christ is precisely who He is, and that the Word was indeed made flesh for our salvation. When the Editor learned and understood this, all his naïve doubts collapsed.

In Mark Chapter 1, verses 23-26, we read:

‘And there was in their synagogue a man with an unclean spirit; and he cried out, Saying, Let us [plural] alone, what have we to do with thee, thou Jesus of Nazareth? Art thou come to destroy us? I know thee who thou art, the Holy one of God. And Jesus rebuked him [singular], saying, Hold thy peace, and come out of him. And when the unclean spirit had torn him, and cried out with a loud voice, he came out of him’.

But the exorcist cannot achieve the appropriate outcome if he himself is tainted, has lapsed from his faith in the Lord, and is behaving sinfully. If he attempts an exorcism without having what the ancient Jews would have described as ‘purified himself’ (through prayer, repentance and partaking of Holy Communion), he may find that he is in very great danger during exorcism.

• Because Evil Spirit will quickly ascertain where his weaknesses lie, and will at once exploit them to defeat the exorcism process, harming the exorcist as well.

The classic example of this is written in Acts of the Apostles, Chapter 19, verses 13-16:

‘Then certain of the vagabond Jews, exorcists, took upon them[selves] to call over them which had evil spirits the name of the Lord Jesus, saying, We adjure you by Jesus whom Paul preacheth’.

‘And there were seven sons of one Sceva, a Jew, and chief of the priests, which did so’.

‘And the evil spirit answered and said, Jesus I know, and Paul I know; but WHO ARE YOU?’

‘And the man in whom the evil spirit was, leaped on them, and overcame them, and prevailed against them, so that they fled out of that house naked and wounded’.

This report illustrates the further extraordinary fact, known to exorcists, that the possessed may display almost superhuman strength when aroused. The possessed may even be able to pick the defeated exorcist up and throw him physically around the room, or even out of an open window. Therefore, exorcism must never, ever, be attempted other than by a properly prepared exorcist-priest who is ‘in Christ’ and can deploy His Name to cast the Evil Spirit(s) out, without physical or mental or spiritual danger to himself and others.

We can now apply the above metaphor to our experience in teasing out the truth behind the endless twists, turns, dialectical deceptions, ‘bait and switch’ operations, and other heinous abominations familiar (unfortunately) to readers patient enough to absorb these narratives.

Thus there have been many occasions when Evil Spirit has got the better of ‘the exorcists’ – those seeking to enforce the Rule of Law – and has accordingly gone on to perpetrate further, seemingly endless, ever more brazen crimes, despite the reality that he/they are cornered and have no hope of escaping from the hell that they have created for themselves and everyone else.

This reflects the fact that, by definition, the ‘exorcists’ have often been at a disadvantage when confronting the devious minds of these criminals – who, however, have only a restricted box of tricks available to them, in conformity with the spiritual reality that Satan operates within God’s universe, not the other way round.

So there have regrettably been many occasions when a position of clear advantage gained by the ‘exorcists’ has subsequently been squandered by their carelessness, arrogance, fatigue, or other factors that have set back the resolution of this crisis, and have thus temporarily encouraged the criminalist operatives to carry on with their financial crimes on the naïve assumption that they have always got away with it, so why should this ever change?

However what ‘latecomers to the party’ may not realise is that stupendous progress against this criminality has been made since 2005-2006, after Leo Wanta was successfully used as the ‘lever’ with which the can of worms has been ‘successfully’ prised open. Naturally, this has represented a catastrophic failure for the usurping Intelligence Power, which had assumed that it was invincible, and could never be outmanoeuvred.

In conclusion, those who (no doubt thankfully for them) have missed the earlier chapters of this horrendous narrative [but see the Archive], should understand that, as a direct consequence of these exposures of the condoned and embedded financial criminality, previously complacent law enforcement has been well and truly aroused from its slumber, the criminal operatives are on the run, they are turning on each other like rats in a sack, and they WILL be decisively defeated.

Try a little faith.

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

LEGAL TUTORIAL: The Steps of Common Fraud:

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

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

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

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

Step 3: Theft by Deception and Fraudulent Conveyance:

THEFT BY DECEPTION:

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

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

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

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

FRAUDULENT CONVEYANCE:

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

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

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

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

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

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

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

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

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

ADVERTISEMENT: INTERNET SECURITY SOLUTION

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

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

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

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

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

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

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

*VISTA: Virtual Instant Surveillance Tactical Application.

WORLD COURT ENFORCEMENT TEAM IN U.S. THIS WEEK

SWINE ‘FLU = BLACKMAIL OP. DROPPED BY OBAMA TEAM IN MEXICO

Thursday 30 April 2009 21:37

• WORLD COURT ENFORCEMENT PERSONNEL ARRIVE IN U.S.

• STATE OF EXTREME, UNPRECEDENTED GLOBAL TENSION

• SPLIT WITHIN THE RANKS OF THE WORKERS OF DARKNESS

• ENFORCEMENT OF THE WORLD COURT’S WRIT IS MANDATORY

• TRILLIONS OF DOLLARS STOLEN BY BUSH 41 AND 43 RETRIEVED

• OBAMA WHITE HOUSE ADVANCE TEAM RESPONSIBLE FOR ‘FLU OUTBREAK?

• CRIMINALS OPERATING INSIDE THE U.S. GOVERNMENT ARE WAGING BIO-TERRORISM AGAINST THE AMERICAN PEOPLE AND THE REST OF THE WORLD FOR SELF-ENRICHMENT

• DISINFORMATION SPREAD BY U.S. LAW ENFORCEMENT

• POSTSCRIPT: MORE ON OBAMA’S REMOVAL OF JESUS SYMBOL

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

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

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

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

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

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

• For details, see the second white panel on the Home Page.

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

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

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

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

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

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

NEW REPORT STARTS HERE:

WORLD COURT ENFORCEMENT PERSONNEL ARRIVE IN U.S.
At 1:50pm on Thursday 30th April we established that a contingent of heavy-duty enforcement personnel reporting to and representing the World Court and the Group of Ten financial powers have been operating in the United States since Monday 27th April. Their duty is to enforce the requirements of a writ, believed to have been dated 1st April, immediately ahead of the Group of Twenty (G-20) meeting in Canning Town, London, on 2nd April 2009, and which would have been deposited with the Meeting and served on President Obama in particular.

This may have been the origin of the story that Obama wouldn’t be attending the G-20 Meeting, and would be visiting the Tower of London instead, as a tourist – the cynical purpose of this tale being to signal to the foreign governments concerned that Obama wasn’t about to make himself available to accept service of the writ.

After second thoughts, presumably his arrogant entourage would have advised him: ‘Not to worry, you needn’t pay attention. Let them serve the writ’ (speculation on our part).

• Furthermore, we have just been told that President Obama is blocking the Settlements and that he himself has no intention of ever allowing them to occur. However this has been authoritatively dismissed as Bush Sr. disinformation propaganda, although it HAS become known that Mr Obama takes his orders directly from Bush Sr. Somehow, we DO NOT THINK THIS IS A VIABLE SITUATION.

Obama is also cited as having told the World Court that it is bought and paid for, so he needn’t pay attention to what it requires. By the same token, Obama is also authoritatively said to have told the Congress that it, too, is bought and paid for.

• However, again, our sources state emphatically that the appropriate law enforcement cadres DO NOT CONCUR, and that the Settlements WILL HAPPEN, and this this obstruction will be overcome.

From what we understand, a lot of very prominent people are in for a rude awakening.

STATE OF EXTREME, UNPRECEDENTED TENSION
For the situation has now reached a pitch of extreme tension, given that execution of the writ requires its demands to have been met by 1st May – which is of course the Feast of Beltane, the Number One World Revolution esoteric date, when misled, brainwashed nutcases dressed up as Druids assemble at Stonehenge to worship the devil, or figments of their own imaginations, while deluded revolutionary cadres around the world celebrate ‘the onward march of the Revolution’.

SPLIT WITHIN THE RANKS OF THE WORKERS OF DARKNESS
But what we are witnessing is of course a massive split within the ranks of the demented Luciferian protagonists of revolutionary action through corruption, because, since the Devil is the author of all lies and confusion, these people are all at loggerheads with each other in multiple dimensions – having, of course, been stealing money from each other and perpetrating grotesque abuses which not even their own evil allies can tolerate.

This will explain why, paradoxically, the sense is that the criminal group that is holding the whole world to ransom, headed by George H. W. Bush Sr., has gone too far even for ‘underworld’ and banking sector compartments previously considered to be its allies and fellow-travellers.

Which should not surprise any of us at all, and should also serve as a warning to those who persist with the erroneous belief that the Revolution cannot be stopped and that the worst outcomes (of which innumerable terrible scenarios are painted and repainted daily) are inevitable.

THEY ARE NOT, and both the exposures to date and their consequences should have made this plain enough by now. Far from being inevitable, the World Revolution is COLLAPSING.

ENFORCEMENT OF THE WORLD COURT’S WRIT IS MANDATORY
So what is happening ‘as we speak’? According to our sources, the heavy enforcement personnel (referred to as ‘the Swiss’) are REQUIRED to procure the demands set out in the World Court writ: that is to say, they have UNLIMITED POWERS TO EXECUTE THE WRIT and may use all means at their disposal to satisfy it. Nothing, we understand, is excluded in this context.

TRILLIONS OF DOLLARS STOLEN BY BUSH 41 AND 43 RETRIEVED
So far, we understand that:

• The World Court enforcement personnel (‘bailiffs’ with powerful backup’) have retrieved SEVERAL TRILLION DOLLARS STOLEN BY CRIMINAL U.S. PRESIDENTS BUSH 41 AND BUSH 43.

• They have presided over a wave of arrests all round Europe.

• They are poised to effect further arrests all over America, taking place in real-time now.

• They have powers to arrest holders of the highest offices INCLUDING THE U.S. PRESIDENT AND THE VICE PRESIDENT if they get in the way of execution and implementation.

• Interference or resistance to the will of the foreign governments as demanded by the World Court on their behalf, whether by the President of the United States or by any other holder of high (or any) office under the United States, will represent OBSTRUCTION OF JUSTICE, against which the enforcement team have power to retaliate in decisive fashion.

• The team may be entitled to deploy force to achieve their objectives: as indicated above, they can use ANY MEANS to enforce the World Court’s demands on behalf of foreign Governments and sovereign powers who have been defrauded by the United States Government.

• As also indicated above, they are NOT in a position to report back to the World Court that they have been unable to procure satisfaction of the requirements of the Court’s writ, or else the personnel THEMSELVES will be arraigned for OBSTRUCTION OF JUSTICE.

• Therefore, failure to implement the will of the wronged Governments as specified by the World Court’s Writ of Execution, is NOT AN OPTION.

OBAMA WHITE HOUSE ADVANCE TEAM RESPONSIBLE FOR ‘FLU OUTBREAK?
The Washington Post reported at 1:54pm Thursday that a member of the Security Advance team for President Obama’s recent trip to Mexico is suspected of having contracted swine ‘flu.

The Security Advance Team is part of Homeland Security which took over the Secret Service under former criminal President George W. Bush.

The obvious deduction is that this operative may have been handling the phial containing the swine ’flu pathogen, and that it was released in Mexico by the President’s personnel in advance of the President’s visit to Mexico – so that the resulting epidemic or much worse would appear to have originated in Mexico, whereas, as we asserted in the report dated 29th April, the laboratory-developed disease will have been developed at the Army Medical Command, Fort Detrick, MD.

This UNPRECEDENTED SCANDAL means that President Barack Obama, or the Bush-Clinton criminal gangsters, or all of the above, have deliberately unleashed one of the blackmail weapons that they have held up their sleeve in order to blackmail the US Government, the American people and the Rest of the World, should they find themselves up against a steel wall, as is now the case.

Thus criminal forces within the American Government are waging not just economic and financial terrorism against Americans and the Rest of the World, but BIOLOGICAL TERROR as well.

Either Obama will have to clean out the White House and his Cabinet forthwith, or he himself will be removed, by whatever means, or will find that the outcry is such that he has to leave office.

The international repercussions from this development will be COLOSSAL.

A senior British intelligence source cited by a correspondent is reported to have warned that this criminal group would perpetrate bio-attacks around the world, and that, as a consequence, millions of people would die. This intel source did not convey any such assessment to us, but then British intelligence doesn’t talk to us directly at all.

[On the contrary, MI6 attempted in 2004, through the veteran journalist Gordon Thomas, to deflect the Editor from pursuing these enquires, accompanied by threats of some trumped-up exposure or other which had already been disseminated to the UK ‘mainstream’ press. In response, the Editor published the entire text of the threatening conversations with Mr Gordon Thomas in our financial journal, which was the last that was heard of this operation. Since then, the Editor has been very conspicuously barred from the British media. But the consolation prize is that the readership of this website exceeds the entire readership of all British newspapers combined].

CRIMINALS OPERATING INSIDE THE U.S. GOVERNMENT ARE WAGING BIO-TERRORISM AGAINST THE AMERICAN PEOPLE AND THE REST OF THE WORLD FOR SELF-ENRICHMENT
Whichever way this unfolds, there is NO DOUBT now that the ‘pig ’flu’ outbreak is DIRECTELY CONNECTED with the criminal finance crisis which has come to a head this week as explained above. BEFORE we were aware of this Washington Post report, the following text had been prepared for this posting:

Against this background – none of which has been denied by knowledgeable sources with whom the data was checked – we now have no doubt whatsoever that the ‘Pig ‘Flu’ outbreak represents a deliberate bio-attack perpetrated by this criminal group. It is exactly as we perceived: CORNERED, they are unleashing, or threatening to unleash, the hideous weapons with which they have been BLACKMAILING the US Government, the American people, and the rest of the world.

We wouldn’t be surprised if it turns out that the ‘nukes in a suitcase’ bravado is part of the same armoury of blackmail weapons that this criminal gang has been holding in readiness, and which it has been using to prevent what needs to be done to cauterise this virus of criminality from the body of humanity. However the showdown is taking place, and the gang can’t stop it now.

If this is correct, then the US law enforcement community needs to understand that the blackmailer is always in a weaker position than the blackmailed. The reason for this simple reality is that once the blackmailer’s bluff has been called, he has ‘blown it’.

True, this criminal gang may have several layers of blackmail weaponry in their armoury. But the answer to that is that if their bluff is called with respect to the first blackmail layer, they will have been defeated before they can activate the second, escalated, blackmail dimension.

In any case, refraining from picking up these people because their blackmailing power is feared, represents OBSTRUCTION OF JUSTICE by law enforcement, including of course those elements referenced immediately below.

DISINFORMATION SPREAD BY U.S. LAW ENFORCEMENT
Separately, it has been stressed, correctly, elsewhere that ‘Black’ disinformation has been liberally disseminated by the ‘three-letter people’. The reason for this is that the head of that sub-snake is up to beyond his eyebrows in this criminal finance activity. The entire institution, a key component of US law enforcement, has therefore been compromised, which goes a very long way to explain why the US criminal gangs have not been brought down earlier.

We received several reports late on 29th April to the effect that Trustees and their lawyers had diverted paid-out funds to their own or separate accounts, although this corrupt practice has been ongoing for a long time. No doubt these people will be picked up in the prevailing sweep and will wind up contemplating, for 25 years, the life-cycles of the North American or European cockroach: if they survive, that is. And that, we suspect, is now very far from certain.

• It’s showdown time, big-time.

POSTSCRIPT: MORE ON OBAMA’S REMOVAL OF JESUS SYMBOL
In the report dated 29th April, the Editor has inserted a new segment concerning what happened when President Obama gave a speech at Georgetown University on 14th April. We are leaving the text in that report unchanged, but since posting it we have received photographs of the platform in the Georgetown University hall where Obama delivered his speech.

Behind the platform is a tableau with a triangular carved wooden headpiece which forms a focal point for the hall. Within the triangular surface delineated by the headpiece is the Christian symbol IHS painted in gold, with a cross rising above the H. This is a standard symbol used for centuries.

The Editor has before him a colour photograph of the platform with this carved wooden focal point, which contains, below the superstructure, the name Georgetown University and some other inscriptions not relevant to this commentary.

Also on the Editor’s desk is a second colour photograph showing the carved wooden headpiece with the gold-painted IHS blacked out, the entire area facing the hall being now entirely black.

The source who provided this information and photographs, is of impeccable credentials, integrity and standing, and the foregoing information is accurate. It seems that President Obama did not wish to be televised beneath the well-known symbol, traceable to the early Christian era, of Jesus Christ. You may draw your own conclusions.

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

LEGAL TUTORIAL: The Steps of Common Fraud:

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

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

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

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

Step 3: Theft by Deception and Fraudulent Conveyance:

THEFT BY DECEPTION:

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

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

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

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

FRAUDULENT CONVEYANCE:

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

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

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

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

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

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

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

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

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

ADVERTISEMENT: INTERNET SECURITY SOLUTION

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

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

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

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

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

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

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

*VISTA: Virtual Instant Surveillance Tactical Application.

OBAMA PREFERS ‘TRASHETS’ OVER DEBT-FREE SOLUTION

STABILISATION WITHOUT DEBT TO BE HANDLED FROM LONDON

Tuesday 14 April 2009 14:00

UPDATE, 22nd April 2009:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

• GRIEVOUS DISPLAY OF ARROGANCE AND TREASON AGAINST THE AMERICAN PEOPLE

• PRIVATE SECTOR REFUNDING WITHOUT OFFICIAL INVOLVEMENT IS THE ANSWER

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

• GEITHNER-SUMMERS’ FRAUDULENT FINANCE GENERATES HUGE UNNECESSARY DEBT

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

NAVIGATING THIS REPORT:

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

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

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

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

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

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

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

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

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

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

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

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

• THE LEGALISATION OF FINANCIAL CORRUPTION

• REASON FOR PRESENTING THIS ANALYSIS

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

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

• DESCRIPTIONS WITH CHARTS OF DERIVATIVE SCAM METHODOLOGY

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

NEW REPORT STARTS HERE:

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

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

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

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

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

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

Let’s not mince words here:

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

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

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

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

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

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

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

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

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

Here are the basic economic FACTS of the matter:

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

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

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

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

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

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

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

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

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

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

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

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

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

WRONG! You are careering towards DISASTER.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Such speculation would be along the right lines!

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

• Obama arrives at Stansted under a cloud.

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

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

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

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

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

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

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

The intention of these operatives, headed by President B. Obama with the full cooperation of the NYSE and ICE, is to re-start the collapsed Fraudulent Finance derivatives, in the expectation that some fools abroad will pile into this deceitful DEBT-GENERATING process, thereby fraudulently restarting the carousel – with a view to elevating the ‘Toxic’ or ‘Legacy’ ‘assets’ (which have NO RECOURSE to the underlying flow-of-funds and so are accordingly fundamentally fraudulent and worthless), highly desirable, and enticing imprudent institutional investors like pension funds and money managers in the municipal sector, as well as reckless banks and greedy private investors at home and abroad who are pready to abandon the Prudent Man Rule, into this poisonous bonanza.

Once Carlyle and Carlyle Capital et al have ‘revalidated’ the existing overhang (including double-counting) of between $600 and $700 trillion of fraudulent derivatives ‘assets’ (that is to saym have converted the current dead, moribund and worthless Ponzi derivatives into cash) – while having procured that foolish foreign purchasers, American pension funds, municipalities and banks have stuffed themselves to the gills with a brand new generation of even more worthless fraudulent Ponzi ‘assets’ than the previous lot – these fraudsters will be in a position to take down the entire system – whereupon they will be in a position to scoop up all the residual good assets and a few banks that they covet, achieving their revolutionary objectives by means of Fraudulent Finance.

For the immediate future, we know for a fact that none of those parties in the background in the United States who have been told what is happening, are paying any attention. Their eyes glaze over and they block their ears. They are indifferent to the fact that on the other side of the balance sheet, the US Treasury is to accumulate a vast, open-ended additional overhang of official US debt, which will burden future generations of Americans out to infinity.

• And because WE KNOW that they DO understand the logic of the G-7-Approved revenue-generating, debt-free Refunding Programme, these people, ALL OF THEM, can be accused of:

• Committing treason against the American Republic and People.

• Criminal co-conspiracy to defraud the portfolios of pension funds, municipalities, institutions and unwise investors at home and abroad on a monumental scale.

• Criminal intent to revalidate worthless assets that they know to be fraudulent by the usual Ponzi Scheme method of PULLING IN NEW MONEY, in exchange for which new, even more prospectively poisonous false derivative ‘assets’ will be stuffed into portfolios in the United States and abroad (if foreigners fall for this latest official American scam) which the foolish purchasers will be unable to dispose of in due course when the new generation of ‘trashets’, in turn, is found to be worthless both because they are intrinsically so, and because there will suddenly be no takers for this trash.

• Gravely compromising and jeopardising US National Security by criminally mortgaging the futures of generations of Americans through the deliberate creation of wholly unnecessary debt to finance this Fraudulent Finance to ‘restore’ value to the likes of Carlyle and Carlyle Capital, in accordance with the treacherous intentions of George H. W. Bush Sr. on behalf of the DVD (Abwehr), Dachau and its sentinel, the bribed STASI-Chancellor Angela Merkel.

• Gross dereliction of law enforcement duty in failing to take the severest measures against all those in plotting this outrageous escalation of US official scamming, which is intended to buttress the usurped control of the Intelligence Power over the Executive Branch of the US Government, as previously explained by this service.

• Recklessly sacrificing economic and financial stability for criminal purposes as described.

• Exploiting public office for the fraudulent and criminal purposes in question, including self-enrichment and the financing of ‘Black Operations’ in open defiance of the clear interests of the American people and of future generations of Americans.

• Engaging in these criminal acts in time of war, exacerbating the treason that they are committing.

• Openly engaging in gross acts of Economic and Financial Terrorism, as provided for in their own national security legislation.

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

Buried inside this intended giga-scamming operation is the US official intent to generate revenue by these means – revenue that may OR MAY NOT be taxed. On the basis of past experience, a huge proportion of the intended Ponzi transactions will be handled, as usual, off-balance sheet, so that the proceeds will be shovelled into ‘offshore’ accounts, despite the latest revived G-20 ‘offensive’ against tax evasion. Whether the offshore centres will comply with the pressures being exerted on them now that the Bush Crime Family is ostensibly ‘out of the way’ (Bush II TORPEDOED the OECD’s operations against the offshore centers in 2001) remains unclear.

But even if a significant proportion of the new Fraudulent finance transactions are taxed, the tax accruals will have been MORE THAN OFFSET by the huge increase in US Treasury debt that is to be created and is being created on the other side of the US Federal Government’s balance sheet.

And as we have pointed out, IT IS NOT NECESSARY TO CREATE ANY NEW TREASURY DEBT AT ALL. So, what is the problem?

• ANSWER: This is the Geithner-Volcker-Summers-Bernanke-Obama method of purporting to have these transactions occur in the private sector WHILE RETAINING CONTROL.

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

What they are terrified of is LOSING CONTROL OF TRADING. That’s the bottom line.

• So they are quite happy to burden the present and future generations of Americans with colossal unnecessary Treasury debt IN ORDER TO RETAIN CONTROL.

• Therefore, THEY ARE COMMITTING TREASON AGAINST THE AMERICAN PEOPLE, since there is an alternative method of getting out of this mess: by RELINQUISHING CRONYISM CONTROL so that the Government sector is not engaged in creating UNNECESSARY DEBT to finance this scam.

Discontent may remain muffled for now in the context of the official attempt to invent a ‘feel-good’ factor for public consumption, in the ‘expectation’ that the imminent Fraudulent Finance rebooting operation with the Lombard Odier external ‘insurance wrap’ will reignite the productive economy, whereas its purpose is to exchange the worthless existing derivatives pile for NEW MONEY, in accordance with the standard Ponzi principle.

This operative said on 9th April that the US economy will begin to feel as if it is recovering within the next few months, as the “sense of free fall” comes to an end. Addressing the Economic Club of Washington, this operative offered NO EVIDENCE WHATSOEVER for his assertions, as his woolly phraseology revealed. There were ‘still substantial downdrafts’ (no mention of the ten huge Bush-related Ponzi networks waiting to ‘blow’ in Europe, of course); but Mr Summers was ‘reasonably confident’ that ‘the sense of a ball falling off the table’ will come to an end within months.

‘We will no longer have that sense of free fall’, he waffled, adding that his aim was to ensure that the downturn is not an ‘historic event’. He thought that in the past 6-8 weeks ‘things have felt a little better’ on the basis of ‘a substantial anecdotal flow of information’.

Tell that to the owner of the diner frequented by the Editor of this service in Midtown New York, which was empty when last visited, or to the Midtown breakfast diner which is normally so crowded on Sunday mornings that for years it was a waste of time turning up there. The other Sunday the Editor strode past and observed plenty of tables, so he renewed his acquaintance with the place.

Exactly what class of weed Mr Summers has been consuming is unknown. But what we do know is that, as President Obama’s ‘closest economic adviser’, this operative is a key driving force behind the intended Fraudulent Finance offensive that will crucify the present and future generations of Americans because of the HUGE BURDEN OF UNNECESSARY DEBT that it will generate – thanks to Summers’ perverse refusal, along with his colleagues, to TAKE THE CORRECT ACTION.

Meanwhile the blocking operations of the Connecticut Trust group on behalf of George H. W. Bush Sr. have continued unabated since we ‘outed’ these criminals. On 9th April 2009, further sabotage activity by this group was reported. Releases are being sabotaged because the criminal controllers intend to have everything their own way, supported by Gold Badges who are likewise intent on not doing their jobs, but instead collaborating in the intended official Fraudulent Finance orgy.

• On the other hand, we received information from usually reliable sources on Easter Day, believe it or not, to the effect that an unspecified number of arrests had taken place that day, of key people at their homes under US Homeland Security legislation, and that those arrested were said to have been hauled away without being read their rights. [When we report such arrests etc, we replicate what sources tell us. If confirmed we say so: on Sunday it was not possible to confirm such reports].

• Also on Easter Day, we learned that a previously wealthy Russian who had bought a property in West Palm Beach for $125 million from Donald Trump, who had previously acquired the palace in question for $45 million, was of course trying to dispose of it, and that Donald Trump had offered him $25 million for it! This information comes from local real estate sources.

THE LEGALISATION OF FINANCIAL CORRUPTION
The following analysis, published in International Currency Review, Volume 34, Number 2, on pages 2-37, will demonstrate even to those perverse US officials and bankers whose ears are blocked and who have eyes to see but refuse to see, that we have the full authority of due diligence and proper professional analysis behind us – plus the necessary clout to have published what follows in our journal, the latest issue of which is now resident with governments and their structures, as well as with central banks, treasury departments, international institutions, intelligence agencies, and other subscribing official and private sector organisations and policymaking environments.

The ICR financial analysis, entitled ‘The Legalisation of Financial Corruption: The Creation of Securitisation and Credit Default Swaps’ ( as Chapter One) and ‘The Legalisation of Financial Corruption: Descriptions of the Resulting Derivative Financial Frauds and Scams’ (Chapter Two), has been in the international public domain for a month now, and is based upon research and analysis specially conducted for this service by the sole US securities expert who is telling the truth and pulling no punches (an ACCURATE statement), Michael C. Cottrell, B.A., M.S.

Our website will be upgraded this year to enable us to publish charts and illustrations. At the moment, we do not have this capacity. Therefore, in Chapter Two, the references to the three charts are supplemented by Notes appended at the foot of the analysis, following the list of 163 References and Notes appended to the analysis itself.

These three Notes are NOT NUMBERED because numbering them would interfere with the existing hierarchy of references. To know more about the three charts explaining the scamming operation under Paulson’s TARP deception, which is the precursor of the Obama Administration’s even more convoluted TALF arrangements, see chart references: Figures One, Two and Three.

• CHART LEAFLET DISTRIBUTED IN VIRGINIA AND D.C:

These three charts have been distributed by a senior authority by hand in Virginia and Washington DC in the form of a four-page International Currency Review leaflet entitled:

‘Revaluing worthless, false ‘Structured Products’
(in order to refinance corrupt Fraudulent Finance operations in the process):

Deconstruction of the Paulson Treasury ‘TARP’ operation:

Three charts exposing official Fraudulent Finance
published in International Currency Review: VOLUME 34, NUMBER 2, MARCH 2009’.

The International Currency Review presentation is followed by the definitive world Glossary of Deceptive and Exotic Derivatives Terms [pages 39-87], including specially invented terminology consistent with this lie-factory, which serves the purpose of OBFUSCATION so as to mask what is happening in the derivatives sector behind a fog of jargon. This glossary is not published here.

REASON FOR PRESENTING THIS ANALYSIS
Finally, this analysis is presented here for two key reasons:

(1) To demonstrate that our professional conclusion and our recommendation that the debt-free Refunding Programme must proceed from London is based upon solid and accurate analysis, not just upon vapid arm-chair opinion; and:

(2) To make it impossible for those interested parties who are opposed to doing what has to be done the honourable and correct way, to deny that we know what we are talking about here which, believe it or not, we have heard is taking place.

• After nearly four decades of publishing this journal, it ought to be understood that we DO know what we are talking about, which is why governments and their structures, banks, central banks, international institutions, leading investors and certain intelligence agencies worldwide subscribe to International Currency Review.

• FACT: Indicative of its petty-minded revulsion at being told what it doesn’t want to know, last December the Paulson Treasury cancelled its sub. to International Currency Review, to which it has subscribed since the early 1970s, and asked for a refund, which we do not provide (see ‘How we do Business’ on our website)!!! (When you buy a pair of shoes at a shoe store, you don’t return to the store and ask for the money back on one shoe! You paid for two shoes and you keep the shoes).

THAT’S HOW STUPID THESE DEVIOUS PEOPLE HAVE BECOME. They don’t fancy having a serious journal lying around in their Library – as has been the case for nearly four decades – describing their behaviour as duplicitous and criminal: which it is.

If that wasn’t the case, we wouldn’t describe it as such, would we? The US Treasury is engaged in systematic Financial and Economic Terrorism against the American people and the Rest of the World. This is not a figment of our imagination: money-laundering is Financial Terrorism according to the Patriot Act legislation. Too bad that they make an exception for serial official misconduct.

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

PART ONE: THE HISTORICAL BACKGROUND
The financial market environment that produced credit derivatives and other structured products was the cumulative consequence of the following:

• BCCI, which was deliberately imploded and its surpluses stolen;

• The Bush Task Group on Regulation of Financial Services;

• CAPCOM, CARLYLE, ENRON, and:

• The Gramm-Leach-Bliley Act of 1999.

A: BCCI: THE BANK OF CREDIT AND COMMERCE INTERNATIONAL
This bank was established as a partnership involving the Bank of America, with an initial fully paid-up capitalisation of $10,000,000 – $2,500,000 provided by the Bank of America for a 25% ownership share, in collaboration with Agha Gasan Albedi of Pakistan (1). The bank’s primary supporters, both politically and financially, were Sheikh Zayed bin Sultan Al-Nahyan, the eventual ruler of the United Arab Emirates (UAE), and Kamal Adham, known as ‘the godfather of Middle Eastern Intelligence’ (2).

Bank of America’s expansion into the Middle East was ‘justified’ on the basis that it took advantage of ‘Corbanking’ (= correspondent banking). The transference of funds into external Financial Center banks and the offering of access to master trusts, foreign exchange, depository services, and check-clearing through correspondent banking networks, enabled the Bank of America to gain a foothold into Islamic banking institutions (3). Pakistan became the clear choice for Western banks intending to establish Corbanking relationships – due to three characteristics:

(1): The reality of ‘Islamisation’;
(2): The existence in Pakistan of a highly skilled banking profession;
(3): The emergence of a new government committed to liberalisation, i.e., specifically to privatisation of national banks and the establishment of new investment banks (4). Islamic banking prohibits the payment of interest on money deposited with the bank, and usury. Additionally, the new government of Zulfikar Ali Bhutto committed itself to liberalising and privatising the country’s banks as a way to encourage foreign business enterprises into Pakistan. Habib Bank and the Muslim Commercial Bank provided links between the Islamic-oriented banks and the new liberalised investment banks that were established in the country (5).

During the Second World War, the United States used the Office of Special Services (OSS) and its Board of Economic Warfare (BEW) as primary instruments to harass and destroy the economic activities of Nazi Germany. The Central Intelligence Agency (CIA) employed the same strategies, through BCCI’s correspondent arrangements throughout the Middle East (6).

BCCI thus became a primary instrument by means of which the so-called ‘Reagan Doctrine’ was to be implemented. This US strategy was packaged for public consumption as an offensive aimed at financing and supporting anti-Communist insurgencies around the world, as President Reagan had ostensibly ‘decided’ that the Cold War had outlived its sell-by date.

[Addendum by the Editor: In reality, a much darker imperative was at work: 1989 was the 72nd anniversary of the Russian Revolution. In accordance with the secret logic of the ‘Rule of 72’, it was time for the ‘torch’ of Revolution to be handed back to the classic revolutionary power of all time, the United States. The United States’ aberrant behaviour as a pariah state reflects this].

THE RELEVANT REAGAN NATIONAL SECURITY DECISION DIRECTIVES
In the course of 1982 and 1983, President Ronald Reagan secretly issued three National Security Decision Directives (NSDD) for the purpose of steering US foreign policy:

• NSDD-32, NSDD-66, and NSDD-75.

• NSDD-32, issued in March 1982, declared that ‘that the United States would seek to neutralise Soviet control over Eastern Europe’, and authorised ‘the use of covert action and other means to support anti-Soviet organisations in the region’ (7).

• NSDD-66, issued in November 1982, declared that that it would be ‘US policy to disrupt the Soviet economy by attacking a ‘strategic triad’ of critical resources that were deemed essential to Soviet economic survival (8).

• Finally, in January 1983, NSDD-75 was issued, calling for ‘the United States not to just co-exist with the Soviet system, but to change it fundamentally’ (9).

NSDD-66 and NSDD-32 allowed the Reagan-Bush White House to undertake more drastic measures towards implementation of the ‘Reagan Doctrine’ by seeking any means necessary to secure low oil prices, that would damage the Soviet economy, while also arming and supporting Iraq and the anti-Soviet Mujaheddin Afghanistanis.

This operation utilised the BCCI financial conduit provided by the CIA and the National Security Council under Vice President George H.W. Bush Sr.. The war was costing the Central Intelligence Agency (CIA) more than $100 million dollars a year, and ‘necessitated’ funding Pakistan’s ISI (Inter-Services Intelligence) which was actively supporting the Mujaheddin against the Soviets (10).

The CIA engaged with more than 200 leading US corporations in this context, so that all these US corporations thereby provided cover for the operations of specifically CIA-sponsored and CIA-supported US corporate entities (such as Chemical Bank of New York) (11).

B: CHEMICAL BANK OF NEW YORK
Chemical Bank of New York was established in 1934, when Lehman Brothers, a Wall Street Investment firm, bought 20% of the Rockefeller shares in the Corn Exchange Bank of New York.

The Corn Exchange Bank was then merged into the Chemical Bank and became the Chemical Corn Exchange Bank – later re-named the Chemical Bank of New York.

On 20th November 1978, Chemical Bank established the Chemical New York Southwest, Inc., in Houston, Texas, as a loan production affiliate of Chemical Bank, New York, NY. The Directors of Chemical Bank also created ChemLease, Inc. as an equipment finance affiliate, which changed its name to Chemical Business Credit Corporation in January, 1980, with a brief to provide equipment and commercial finance services (12).

Chemical New York Corporation, a bank holding company, re-structured its international financing operations, in April 1983, and in doing so, promoted:

(a) Mr William B. Harrison, Jr., to head the US Corporate division encompassing all corporate lending in the United States;
(b) Mr Maurice H. Hartigan II, as the head of Account Management and Solicitation of Correspondent Banks, brokerage firms, and insurance companies;
(c) Mr Barry T. Linsley, as head of all Treasury and foreign exchange operations
in Europe and the Middle East; and:
(d) Mr William C. Pierce, as head of the Energy and Minerals Group (13).

In September 1984, Chemical Bank established a special Government Relations Office in Washington, D.C., to be known as Chemical New York, Inc., located at 2000 Pennsylvania Avenue, N.W.., although Chemical New York Inc.’s District of Colombia-registered office was at 1025 Vermont Ave., N.W. (14). Chemical New York purchased Texas Commerce Bancshares, owned by the family of James A. Baker III (President Reagan’s Chief of Staff) in 1987 (15).

The Federal Reserve Board approved an application, on 21st April 1988, from Chemical New York Corporation to be engaged through a subsidiary, Chemical Futures, Inc., in the execution and the clearance of futures contracts on a municipal bond index.

• Chemical Futures, Inc. was allowed by the Federal Reserve Board to solicit, execute, and clear futures contracts on major (international) commodities exchanges for non-affiliated persons, and would be allowed to serve as a futures commission merchant on the Chicago Board of Trade (16).

By 1996, Mr. Harrison had become Chairman and Chief Executive Officer (CEO) at Chase Manhattan Bank, New York, whereupon he successfully merged Chase Manhattan Bank with Chemical Bank for the sum of $35 billion US dollars. This merger incorporated the assets acquired by Chemical Bank when Chemical Bank merged with Manufacturers Hanover Corporation, in 1991. Thus, by the end of 1996, Chemical Bank/Chase Manhattan Bank had become the largest banking operation in the United States, with assets of over $235 billion (17).

• Chemical Bank and BCCI: Although BCCI only existed between 1972 and 1992, it paved the road for financial terrorism, the scourge which has been and continues to be exposed through our website and published reports, because it became the financial conduit for White House/CIA/NSC operations and lethal adventures following on from the circumstances outlined at the beginning of this report, which should be considered and used as a verbal flow-chart. BCCI was used for:

(1) The purchase of arms for the anti-Soviet Mujaheddin in Afghanistan, via the CIA [and DCI/Vice President G.H.W. Bush];
(2) Arms purchases by BOTH Iran and Iraq during their eight-year war, so that de facto the United States was one of the powers sustaining the war with arms sales; and:
(3) The self-destruction of the Soviet Union’s financial system, induced by means of bribery and an economic warfare operation involving CAPCOM, et al., Chemical Bank, et al., and the CIA (embracing the open-ended financial operations of free-wheeling CIA operatives, such as Leo Wanta, who was assisted by the much more resourceful and effective Chinese intelligence financier, Howie Kwong Kok)(18).

C: CAPCOM

Capcom was created by BCCI’s Treasury Department head, Ziauddin Ali Akbar, who capitalised the corporation with funds from BCCI and BCCI customers (19). Akbar registered a shelf corporation, on 26th April 1984, named Hourcharm Ltd., at his home address in London (England), and then, on 22nd May 1984 renamed it Capital Commodity Dealers, Ltd. before again renaming the company as Capcom Financial Services, Ltd., in July 1984 (20). Capcom was thereafter funded with additional monies, to an amount of £25,000,000 (approximately $37,000,000, in 1984 US dollars) (21).

Its speciality was changing its name and spawning offshoots. Specifically, Capcom Financial Services Ltd. then went through a number of variations:

• Capcom Securities, Ltd.;

• Capcom Inc.;

• Capcom Co., Ltd.;

• Chemical Futures, Inc.; and:

• Capcom Equities, Inc. (22).

• Capcom, Inc. was formed in Cleveland, Ohio, on 8th August 1976; in Boca Raton, Florida, on 26th August 1976; and in Washington, D.C., in 1981 (23).

Capcom Co., Ltd. operated/operates as a London-based Japanese Management Consulting Services firm which was established in 1991 (24).

Finally, Capcom Equities, Inc. (re-named as Everest Securities, Inc., on 19th March 1990), was set up on 12th August 1988, in Illinois, with its registered office in Plantation, Florida (25).

BCCI’s network of banks aided the movement of massive amounts of funds to arms suppliers in the United States Canada, China, and Soviet satellite countries, and provided the main mechanism for Capcom profits/losses from the purchase and sale of options derived from the Chicago Mercantile Exchange to flow on and off the BCCI books (26). This ‘options scheme’ facilitated the ‘loss’ of a minimum of between $250 million and $500 million within a Capcom/BCCI ‘black hole’ (27).

D: BUSH TASK GROUP ON REGULATION OF FINANCIAL SERVICES (1983-1985)
In December 1982, Vice President George H.W. Bush announced the formation of The US Task Group on Regulation of Financial Services to:

‘Review the Federal Government’s regulatory structure for financial institutions and propose any desirable legislative changes to the existing system’.

It was against that official background that, in a keynote speech addressing The American Assembly at Columbia University, on 8th April 1983, Bevis Longstreth, a Commissioner with the US Securities and Exchange Commission [SEC], made a detailed appraisal of the Financial Services Industry and regulations, the full text of which is given as Appendix Three with this presentation (28):

‘If a salesman… deals directly with the consumer of financial services – he would have to contend with various US and State financial services regulators. If the salesman is affiliated with a broker-dealer, he must become a registered (securities) representative [in order] to sell securities.

To qualify, he must meet detailed requirements with respect to character and competency; in recommending transactions he is subject to rigorous ‘suitability’ standards and generally to the NASD’s (National Association of Securities Dealers) Rules of Fair Practice. In addition, he is subject to the BLUE SKY laws of the States where his clients reside’ (29).

‘If the salesman wants to sell commodity futures or commodity options he must be qualified as an associated person of a futures commission merchant and conducts his activities in accordance with the regulatory scheme administrated by the Commodity Futures Trading Commission (the CFTC) and the National Futures Association’ (30).

‘If the salesman wants to sell insurance products he is subject to the jurisdiction of the state insurance regulators. If he wants to provide investment advice, with respect to securities, he must register as an investment adviser under the Investment Advisors Act and conform to its requirements, including state regulations’ (31).

‘If the salesman is employed by a bank, he can offer securities, manage pooled investments and render investment advice. Because a bank is not a broker or dealer and is exempted from the Investment Advisors Act, the securities laws do not apply. A different set of regulations apply, issued by bank regulatory authorities’ (32).

According to Mr. Longstreth, these multiple regulatory schemes were/are inefficient, ineffective, and, therefore, irrational. He believed that the time had come to ‘clear out this regulatory thicket in favour of a functional approach – based on identifying what aspects of function warrants regulation, and then design a regulatory agency to administer the regulation’ (33).

Mr. Longstreth addressed the ‘need’ to de-regulate ‘Pooled Funds’ (now known as HEDGE FUNDS), since the function of pooled funds is the management of the customer’s money based upon the supposed ease of management and economies of scale. At the time, in 1983, pooled funds were subject to the Investment Company Act of 1940 and the Securities Act of 1933 (34).

Additionally, banks may not sponsor mutual funds, but may organise common and collective trust funds that are very similar to mutual funds. However, banks are regulated by the Comptroller of the Currency’s Regulation 9, and in some cases, ERISA [Employee Retirement Income Security Act of 1974], which address conflicts of interest. Mr Longstreth questioned ‘whether any reason justifies preserving the differences in regulation of pooled funds’ over better management of the funds on behalf of the customer (35).

Another type of fund that Mr. Longstreth raised regulatory questions about was Money Market Mutual Funds and the implicit evasion of Regulation Q.

The issue of risk, in the case of Money Market Mutual Funds, may be slight, but the deposit may not be paid out at par (‘breaking the buck’).

Moreover, since passage of the Garn-St. Germain Act, the question of money market deposit accounts was made a matter of law (36).

Mr Bevis Longstreth also made out a case for the consolidation of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), on the basis that then-recent (1983) legislation had made the jurisdiction between the two agencies so close, that there was now little overlap. However, the term ‘commodity’ is also defined under the US Commodity Exchange Act as a ‘security’, and the many broker-dealers regulated by the SEC are also futures commissioned merchants subject to the CFTC regulations (37).

Mr. Longstreth concluded that the Glass-Steagall Act of 1933 had reflected a clear Congressional determination that avoidance of the ‘hazards’ and ‘financial dangers’ to banking that arise when commercial banks engage in investment banking, outweighed the advantages of competition, convenience or expertise that might support bank entry into the investment banking arena (38). …Yet, he elaborated, ‘the growing interdependence of financial intermediaries should give pause to policymakers tempted by the siren song of Adam Smith’.

Therefore, Mr Longstreth concluded that it was ‘my thesis that’:

(1) Market discipline can only assure soundness in an overall environment where institutions are PERMITTED TO FAIL;

(2) The linkages among financial intermediaries often are too extensive (and growing stronger and more numerous) to PREVENT ANY ONE FAILURE FROM TRIGGERING OTHERS;

(2) Therefore, the collateral consequences of failures often impose unacceptable costs on the financial system; and:

(4) Accordingly, to assure soundness, a new system of direct regulation is needed – a system broad enough to encompass all financial intermediaries, and flexible enough to enable the forces of full disclosure and market discipline to do their share of the job (39).

Finally, Mr Longstreth urged people to study the Federal Reserve Act as the most logical source of regulation and emergency funds, but noted that the Federal Reserve Act was too archaic and inflexible to do the necessary regulatory job (40).

The BUSH TASK GROUP (the 1983 task force) was established as the result of US Congressional hearings (1981-1983) regarding enforcement of The Corrupt Foreign Practices Act (1977) involving corporate reporting and accounting (41).

The Task Group was formed, in part, as a result of the SEC Chairman John S. R. Shad’s proposal for a one-year task force which would:

(1) Review the regulatory structures applicable to the securities, banking, thrift, and insurance industries in the United States;

(2) Propose that financial services should be regulated by functional activities rather than by outmoded industry classification;

(2) Recommend that overlapping, duplicative, and conflicting regulatory activities be consolidated, having identified the overlaps, duplications and conflicts; and:

(4) Recommend that ‘excessive regulation’ within and between agencies should be eliminated under new legislation (42).

The Bush Task Group endorsed proposals for the substantial reorganisation of the Federal regulatory system for depository institutions. The proposals would repeal the exemptions in the Securities Act of 1933 covering the registration of securities issued by banks and Savings and Loan Associations and would transfer to the SEC, the burden of administering periodic reporting, proxy solicitation, and short-swing profits provisions of the Exchange Act… .

Thus, these initiatives would consolidate the administration of securities disclosures requirements for banks and US Savings and Loan Associations, ostensibly resulting in more uniform disclosure financial disclosure to public shareholders and securities analysts and facilitating evaluation of comparative investment risks (43).

The Securities and Exchange Commission (the SEC) would become the repository for filings of all publicly held institutions, Savings and Loan Associations, and holding companies, as it is for all other publicly owned companies.

In early 1984, the SEC testified in support of legislation to facilitate the development of the private secondary mortgage market.

The resulting legislation was signed by President Reagan on 3rd October 1984, and was designed to encourage offerings of mortgage-backed securities by private issuers (44).

OSTENSIBLY ‘UNINTENDED’ CONSEQUENCES
The financial deregulation that resulted from the Bush Task Group of 1985 has led to an age of heightened power for the Federal Reserve System via the following mechanisms, contributing to the collapsing system now in evidence:

(1) The continued expansion (coverage) of Regulation K,
i.e., international banking and Edge Act corporations;

(2) The further expansion of free-market activities introduced under:
The Omnibus Banking Bill of 1980;

(3) The Competitive Equality Banking Act of 1987;

(4) The Electronic Fund Transfer Act;

(5) The Financial Institutions Reform, Recovery, and Enforcement Act of 1989;

(6) The Foreign Bank Supervision Enhancement Act of 1991;

(7) The Gramm-Leach-Bliley Act of 1999;

(8) The Legal Certainty for Bank Products Act of 2000; and:

(9) Title 31, United States Code, Subtitle IV (45).

The Bush Task Group Report on Regulation of Financial Services (Blueprint for Reform) presented on 26th and 27th March 1985 contained several recommendations concerning the deregulation of the banking industry, including:

• The Federal bank oversight supervisory agencies should be thinned out;

• A Federal Banking Agency should be created;

• The Securities Act of 1933 should be amended;

• Restrictions in the Investment Company Act of 1940 should be removed; and:

• The Trust Indenture Act of 1939 should also be amended.

The overall emphasis of this report was primarily to reduce the regulatory oversight of Federal supervision of national banks – thereby allowing the banks to gain access to the lucrative, but prohibited, non-banking financial services arena (46).

E: CARLYLE
The Carlyle Group, describing itself today as a ‘global private equity firm’, was established in 1987, in Washington, D.C., as a Private Partnership by Stephen L. Norris, and David M. Rubenstein (47).

The partnership then hired William E. Conway, Jr., Daniel A. D’Aniello, and Greg Rosenbaum. By 1995, Messrs Rubenstein, Conway, and D’Aniello reportedly collectively owned an approximate 50% interest in the group’s general partnership, with the California Public Employees Retirement System (CalPERS) as the only US institution owning a stake in the partnership (a 5.5% share, for $175 million, paid in 2001) (48).

In September 2007, Mubadala Development Company, ‘an investment group owned by the government of Abu Dhabi, which is part of the United Arab Emirates’, purchased a ‘7.5% share of Carlyle’s general partnership, for $1.35 billion’ (49). Wikipedia has named George H.W. Bush and former Secretary of State James A. Baker III as notable investors in Carlyle Group [sic!] (50).

In our reports, we have pointed out that the participants in this colossal ‘money machine party’ operated on the assumption that the bonanza would continue for ever – as is presupposed by the reality that the Depository Trust and Clearing Corporation (DTCC) boasted during 2008 that it had cleared $1.8 quadrillion of derivatives transactions.

This entity is owned by a group of US clearing banks, now including inter alia Deutsche Bank, which purchased the clearing facilities from JPMorganChase. It has guaranteed over $600++ trillion of derivatives ‘assets’ outstanding and, as more and more of these contracts reach maturity and fail, its guarantees are being called, with actual or prospectively DISASTROUS consequences.

It was the height of irresponsibility for the banks to have set up a corporation to guarantee these exotic transactions (clearing them = guaranteeing them). When the guarantees are called, they must be honoured (operation of law).

Notwithstanding the above, on 31st January 2007, William E. Conway, Jr., sent a letter to the firm’s ‘investment professionals worldwide’, which contained some revealing observations, in which Mr Conway attributed the continued rise of world stock markets to a glut of liquidity in the world financial system, describing the glut as reflecting:

‘… the availability of enormous amounts of cheap debt’.

Mr Conway’s letter elaborated: ‘This cheap debt has been available for almost all maturities, most industries, infrastructure, real estate and all levels of the capital structure’. He said that there is so much liquidity in the world’s financial systems that ‘lenders (even ‘our’ lenders) are making very risky credit decisions’.

‘And of course when [the liquidity bubble] ends, the buying opportunity will be once in a lifetime. But I do not know when it will end’. Mr Conway also expressed concern that the resulting US recession could become a global depression.

F: ENRON
Enron started life on 25th April 1930, as a component of a group of filed companies, operating in different US states, with the various DBA (‘Doing Business As’) companies having different names, such as the Northern National Gas Company. Enron was crossed-filed as a corporation in Texas on 10th December 1934, in Iowa on 26th August 1935, and in Delaware on 11th October 1934 (51).

Enron evolved into a component of the US intelligence community’s Energy Operations, with various agreements and contracts being secured from Middle Eastern parties resulting from the Allies’ victories in the Second World War.

In parallel, though, Enron also became an energy behemoth given its multiple cross-filed component corporations consisting of legal, chartered, and assumed names, i.e., Enron Corporation; Northern National Gas Company; Division of Internorth, Inc. (this name being registered three times); The Peoples’ Natural Gas Company; Division of Internorth, Inc.; Northern Natural Gas Company; Energy Systems Company; Division of Internorth, Inc.; Internorth, Inc.; HNG/Internorth; Enron Oil & Gas Company; EOG Resources, Inc.; HNG Fossil Fuels Company (52).

[The replicated/duplicated names represent separate companies,
registered and filed separately in different States].

Enron, et al., was/were exploited during the Reagan-Bush Administration, via CIA/DCI William Casey’s various ‘Enterprise Operations’, to move monies and materials around the world in order to meet the needs of ‘LASMO’, Amerada Hess, and other entities involved with the implementation of President Ronald Reagan’s Executive Orders NSDD-32, NSDD-66, and NSDD-75., referenced above (53). Enron was also deployed as a conduit for monies and jobs for the South American operations of the NSC-CIA during the George H.W. Bush Administration (54) [e.g., Falklands].

Between 1985 and 1987, Enron had set up four phoney offshore shell corporations to arrange sham oil trading contracts with Enron. Messrs. Mastroeni and Bourget were convicted and sentenced for defrauding Enron and for filing false tax returns – all under the sole supervision of Mr Kenneth Lay, Enron’s Chairman and Chief Executive Officer (55).

Enron’s offshore entities were (and in some cases still are) numerous and had/have multi-year, multi-million dollar contracts with such corporations as Kuwait Foreign Petroleum Exploration Co., El Paso Energy Partners, LP., BG-Enron, Enron Oil & Gas India Ltd. (EOGIL), Chaco, Amerada Hess Corp., and Trans Pacific Petroleum NL.(56) Amerada Hess forms a component part of the LASMO/Wilmington Trust operations of the 1990s (57).

We have already seen that Enron, et al. consisted of a large number of filings – winding up with 20 legal, chartered, and assumed DBA names filed in numerous States throughout the United States.

Enron’s top leadership, represented by Jeffrey K. Skilling and Kenneth L. Lay, were aggressive in securing debt to increase Enron’s capital to finance the expansion of its operations. At the same time, the conglomerate spawned over 3,500 offshore Special Purpose Entities or Vehicles (SPEs or SPVs) to hold assets that had been illegally moved from Enron’s balance sheet to the balance sheets of these so-called Special Purpose Vehicles.

The SPEs benefited from quite extraordinary ‘special exemptions from regulation’, applicable for EnronOnline, as specified in a 200-page attachment to the 11,000-page General Funding Bill passed by Congress on 15th December 2000 (58).

These SPE exemptions allowed Enron, et al., to own as little as three percent of the limited partnership with any outside interest partner, i.e., OSPREY Partnership, which generated $3.9 billion off-balance sheet debt – backed only with preferred stock – which was to be convertible into 50 million common shares in Enron (59).

EnronOnline was launched, on November 29, 1999, as the first web-based transaction system. This innovation allowed buyers and sellers to buy, sell, and trade commodity products globally – but only through Enron. The site allowed energy users to trade natural gas, electricity, and over 500 other products including credit derivatives, bankruptcy swaps, pulp, gas, plastics, paper, steel, metals, freight, and even TV commercial time.

This ‘off-the-floor’ trading platform soaked up tremendous volumes of Enron’s funds, since Enron was either the buyer or the seller of the aforementioned commodities and securities. Essentially, Enron was draining itself of its cash flow via EnronOnline’s trading activities. EnronOnline was closed down for online trading on 28th November, 2001 (60).

Given its huge debt burden, Enron’s survival hinged on its credit rating status. At the end of October 2001, both Moody’s and Fitch declared that Enron had been slated for review for possible downgrade (61). The possible downgrade would force Enron to issue millions of shares to cover the guaranteed loans, and thus devalue the stock further.

On 29th October 2001, the rumour spread on Wall Street that Enron was seeking one to two billion dollars’ worth of additional financing from the banks – a development that contributed to Moody downgrading Enron’s credit rating or senior unsecured long-term debt ratings, to Baa2, just above junk bond level. Standard & Poor’s downgraded Enron to BBB+ on 30th October 2001 (62, 63).

Enron had created myriad offshore entities [see above] that were used for planning and avoiding taxes, while increasing Enron’s reported ‘profitability’ and of course ensuring the accumulation of vast (Ponzi) untaxed profits offshore.

Enron’s ownership and management had full freedom of currency movement, internationally, enjoying total anonymity, so that losses were thereby hidden while off-balance sheet profits accrued to the companies and their ‘executives’.

The operations of these Special Purpose Enterprises (SPEs) made Enron appear more profitable than its actual financial condition warranted, and created a dangerous spiral that required Enron to perform better and better in each succeeding quarter – requiring deception to be employed in order to hide the obvious fact that Enron was haemorrhaging cash. Although the inside executives knew of this situation, the public did not, since Enron’s Securities Exchange Commission quarterly and annual filings did not reveal the true financial situation – as is required by law.

Arthur Anderson, LLP, Enron’s accounting firm, was well aware of this unlawful situation, but did nothing to correct it, and, in fact, participated (co-conspired, as a professional Accessory to the Fact) in structuring the offshore so-called Special Purpose Enterprises to enshroud the process from public scrutiny (64).

On 2nd December 2001, Enron filed for Chapter 11 bankruptcy (65). Robert E. Rubin, a US Treasury Secretary during the Clinton Presidency, telephoned the Treasury and spoke to the Undersecretary for Domestic Finance, Peter Fisher, about ‘what (Mr Fisher) thought of the idea’ of the US Treasury persuading bond-rating agencies to hold off reducing the freefalling Enron credit rating.

Such an intervention would help both Enron and Citigroup, one of Enron’s leading creditors. Quite properly, Mr Fisher told Rubin, who was Citigroup’s CEO, that the idea was not appropriate; and he took no action to assist Enron (66).

The US Treasury Secretary of the day, Paul O’Neill, the Commerce Secretary, Donald Evans, and the Federal Reserve Chairman Dr Alan Greenspan, all likewise revealed that they had received calls, on 2nd December 2001, from Enron’s CEO Kenneth L. Lay asking for help for Enron (67).

Thereafter, Enron, like BCCI and CAPCOM, was charged by the Securities and Exchange Commission and other authorities, with falsely reporting profits from commodity trading (68), leaving debts ‘off the books’, and overstating profits by $400 million plus, in its annual reports (69).

G: THE FINANCIAL SERVICES MODERNIZATION ACT OF 2000:
THE GRAMM-LEACH-BLILEY ACT (GLBA)

This Act updated the United States’ laws governing financial services by repealing two provisions of the GLASS-STEAGALL ACT, namely, Sections 20 and 32.

These two provisions prohibited the affiliation of commercial and investment banking firms, and limited officer and director interlocks between them (70). GLBA overrides restrictions in the Bank Holding Company Act (BHC Act), and the limitation on bank holding companies to engage in the insurance business (71).

The Act created a new ‘financial holding company’ category under Section 4 of the Bank Holding Company Act. Such holding companies can engage in a statutorily provided list (menu) of financial activities, including insurance and securities underwriting and agency activities, merchant banking and insurance company portfolio investment operations (72). Activities that are ‘complementary’ to financial activities were/are also authorised.

The non-financial activities of firms predominantly engaged in financial activities (at least 85% financial) are grandfathered for at least 10 years, with a possibility for a five-year extension (73).

The expanded ranges, according to certain testimony before a Congressional Committee, allow for technological advances and for meeting the needs of wholesale and retail customers (74).

Additionally, the Federal Reserve Board was authorised to be the umbrella regulator for financial holding companies, since GLBA allows financial services firms to engage in merchant banking (75).

This activity placed American banks on a footing similar to their European counterparts. European financial institutions engage in investment banking, advising, and negotiating in mergers and acquisitions activity, and in a variety of other services including securities portfolio management for customers, insurance, the acceptance of foreign bills of exchange, dealing in bullion, and participating in commercial ventures (76).

PART TWO: FNMA [‘FANNIE MAE’] AND FHLMC [‘FREDDIE MAC’]:

PART TWO – A:

THE FEDERAL NATIONAL MORTGAGE ASSOCIATION [FNMA]:
The Federal National Mortgage Association [FNMA] was first organised by the Reconstruction Finance Corporation (RFC) on 10th February 1938 with a capital stock of $10 million, owned by the RFC, and surplus of $1 million under the name National Mortgage Association.

It was rechartered under the Housing Act of 1954, and made a constituent agency of the Housing and Home Finance Agency.

The functions, powers, and duties of the Housing and Home Finance Agency were transferred to the Department of Housing and Urban Development on 9th September 1965. Effective from 1st September 1968, FNMA was now converted into a Government-sponsored private corporation (a Government-Sponsored Enterprise, or GSE) – with respect to its secondary market operations for home mortgages.

Additionally, under the same legislation, the Government National Mortgage Association (GNMA, or ‘Ginnie Mae’), was established to continue other functions, i.e., special assistance functions, management and specified liquidating functions, guarantees of mortgage-backed securities, and participation sales – supervised by the Secretary of Housing and Urban Development (HUD) (77).

On 1st September 1968, FNMA had capital consisting of privately-held common stock worth approximately $140 billion and preferred stock held by the Secretary of the Treasury worth approximately $160 billion. By 30th September 1968, FNMA had retired its preferred stock with proceeds from the sale of subordinated capital debentures, thus becoming an entirely private corporation, although a majority of its board of directors continued to be appointed by the US Secretary of Housing and Urban Development (HUD). Under the 1968 Act, by 1st May 1970, FNMA, with the concurrence of the Secretary of HUD, had resolved that at least one-third of FNMA’s common stock was or would be owned by persons or institutions in the mortgage lending, home building, real estate, or related businesses (78).

However, FNMA continued to operate as a Government-Sponsored Enterprise, being treated as such in the annual Office of Management and Budget documentation, with specific charter accords that made it subject to several possible forms of Federal supervision, although this supervision also provided it with several conspicuous advantages:

(1) The Secretary of the Treasury has the authority, which is entirely discretionary, to purchase obligations of the Federal National Mortgage Association up to a specified amount outstanding at any one time;

(2) The corporation’s common stock and its other securities were to be exempt from registration requirements and other laws administered by the Securities and Exchange Commission (SEC) to the same extent as securities issued or guaranteed by the US Government;

(3) FNMA was made exempt from paying any taxes to any State or local taxing authority except for real property taxes, but it pays full Federal corporate income taxes; and:

(4) The corporation’s obligations were to be issuable and payable via the facilities of the Federal Reserve Banks, which are paid by FNMA for their services (79).

It is to be noted that the FNMA’s notes and debentures (prior to 8th September 2008) were not Federal Government obligations nor are/were they Federally guaranteed by an agency of the Federal Government, even though the Government-Sponsored Enterprises’ operations were routinely incorporated in the annual Office of Management and Budget (OMB) presentations – in recent years, with yawning gaps shown in the summary accounts displayed in the documentation, as re-presented in Figures A and B on pages 16 and 17, to illustrate [refers to our journal: Editor].

However, FNMA obligations were/are guaranteed by an agency of the US Government, and having the Full Faith and Credit of the United States behind them, are mortgage-backed bonds issued by the FNMA guaranteed by the Government National Mortgage Association (80).

PART TWO – B:

THE FEDERAL HOME LOAN MORTGAGE CORPORATION [FHLMC]:
The Federal Home Loan Mortgage Corporation was established on 24th July 1970 under the Federal Home Loan Mortgage Corporation Act [FHLMCA] of the Emergency Home Finance Act of 1970 (12 U.S.C. 1430, Note) (81).

This entity was established for the purpose of strengthening the existing secondary markets in residential mortgages insured by the FEDERAL HOUSING ADMINISTRATION or guaranteed by the Veterans Administration, and assisting in the further development of secondary markets for non-Federally insured or guaranteed residential mortgages (82).

The entity is also authorised to purchase residential mortgages from members of the FEDERAL HOME LOAN BANK SYSTEM as well as other institutions whose deposits or accounts are insured by agencies of the US Government, US Federal Home Loan Banks, and the Federal Savings and Loan Insurance Corporation (83).

FHLMC is empowered to raise funds to purchase the aforementioned mortgages via the issuance of securities in the capital market. When the FHLMC was created in 1970, this process existed only for Government-insured or guaranteed mortgages, and it was expected that encouraging the growth of a secondary market for conventional mortgages would increase the effective supply of residential mortgage financing and make mortgage investments more attractive to markets (84).

In 1972, the FHLMC developed a computerised matrix to assist the underwriting of single-family conventional mortgages; in 1975, it introduced the Guaranteed Mortgage Certificate (GMC) (85).

By 1977, the US secondary market for conventional residential mortgages had matured, and by 1978, the Federal Home Loan Mortgage Corporation had obtained Congressional approval to begin developing a new purchase program for home improvement loans, i.e., adding new rooms, the rehabilitation or improvement of an older home, and/or the installation of energy efficient features (86). Other activities that have been developed in this context include the Renegotiable Rate Mortgage Purchase arrangement, which created a secondary mortgage market, and a purchase program for the Pledged Account Mortgage (PAM) (87).

Under this scheme type, so-called (Mortgage) Participation Certificates (PCs), also known as Pass-Through Securities, are provided in registered form only, having original principal balances of $100,000, $200,000, $500,000, $1,000,000, and $5,000,000.

The FHLMC sells these PCs through a group of securities broker/dealers as well as through the corporation’s own Marketing Department.

Each PC holder collects on the pooled mortgages, including prepayments and interest. The FHLMC guarantees punctual payment of interest and the full payment of principal (88).

Guaranteed Mortgage Certificates (GMCs) represent undivided interests in conventional (non-FHA-insured and non-VA-guaranteed) residential mortgages.

GMCs pay interest semi-annually, and principal once per annum in guaranteed minimum amounts. Any GMC certificate holder may call upon the FHLMC to repurchase the GMC at par (value) in 15, 20, or 25 years after the original date of issuance, depending upon the specific issue (89).

A program of FHLMC Swap transactions was instituted in 1981 to enhance the liquidity position of Federal Savings and the Loan Insurance Corporation-insured Savings and Loan Associations by replacing mortgage loans with guaranteed FHLMC Mortgage Participation Certificates (PCs) (90).

This scheme was to operate as follows:

• A single institution (individual seller swap transaction) or a group of institutions (multiple seller swap transactions) would sell mortgage loans to the FHLMC with an aggregate outstanding principal balance sufficient to meet the FHLMC’s pool formation requirement of $100 million.

• The FHLMC would sell PCs to these institutions backed by the same mortgages.

• The associations would continue to service the mortgage loans and pay a guarantee fee to the FHLMC. The PC rate would be keyed to the lowest coupon rate of the pooled mortgages. Gains or losses on the subsequent sale, purchase, or exchange of PCs emanating from these swap transactions would be accounted for on the books of the insured institutions (91).

The Federal Home Loan Mortgage Corporation remains a corporate instrumentality of the United States, but it is not considered a Federal agency. The FHLMC has historically had been exempt from all Federal, state, and local taxation.

On 18th January 1984, the US Congress repealed its Federal income tax exemption, effective 1st January 1985. However, the securities sold by Freddie Mac continue to be subject to Federal and State taxes (92). FHLMC was, until FY 2009, displayed in the [journal] section of the annual Office of Management and Budget documentation under the heading ‘Government-Sponsored Enterprises’.

PART THREE: THE EMERGENCE OF ‘STRUCTURED PRODUCTS’
So-called ‘Structured Products’ are defined as representing a pre-packaged investment strategy based on derivatives, a basket of securities, options, indices, commodities, debt issuances, foreign currencies, and swaps.

SEC Rule 434 defines structured securities as ‘securities whose cash flow characteristics depend upon one or more indices or that have embedded forwards or options or securities where an investor’s investment return and the issuer’s payment obligations are contingent on, or highly sensitive to, changes in the value of underlying assets, indices, interest rates or cash flows’ (93).

‘Structured Products’ have been described as arising from the ‘needs’ of companies that want to issue debt more cheaply – one method of achieving this objective being to issue a convertible bond. The convertible bond is a debt that, under certain circumstances, can be converted to equity.

Specifically, ‘convertible securities’ are securities, usually preferred shares or else debentures, that may be exchanged for a designated number of shares of another class, usually common shares, called the conversion securities (94).

The ratio between the convertible and conversion securities is fixed at the time the convertible securities are issued, and is usually protected against dilution (95).

This exchange for the potential higher return, providing that the investors are prepared to accept the lower interest rates, could in theory return a greater value to the investor over time.

Investment banks, under the Gramm-Leach-Bliley Act (The Financial Services Modernization Act), chose to append features to the basic convertible bond – such as increased income in exchange for limits on the convertibility of the conversion securities or principal protection.

These extra features were based upon the premise that investors could also use strategies that employed options and other derivatives – in a pre-packaged product. Thus, investors accepted lower interest rates on debt, and purchased new products with higher promised returns via option and derivative features.

• Derivatives are actually contracts that derive their value from the underlying or supporting securities instrument, and offer investment managers and traders numerous risk and return strategies that were traditionally unavailable or too expensive to implement (96).

• Derivative contract instruments involve futures, forward, and option contracts.

• A futures contract is an agreement to buy or sell a specific amount of a commodity or financial instrument at a particular price on a specific future date (97).

• A forward contract is similar to a futures contract, since it is an agreement to buy or sell the future delivery of a valued item at a specified price at a specified date (98).

However, this contract is not standardised and is traded Over-The-Counter (OTC) by direct contact between the buyer and seller, and is not marked to the market (marked-to-market), i.e., there is no interim cash flow between the parties (99).

Additionally, forward contracts embrace credit risk, since either party may default at the contracted time and price due to the lack of a formal exchange to vet the creditworthiness of the parties (100).

An option contract is an agreement which the seller of the option grants the buyer the right to purchase (from, or to sell to), the seller, a designated (security) instrument at a specific price within a specified time frame (101). The seller is referred to as the writer, and the buyer’s payment is referred to as the option price or option premium.

Finally, when the option’s instrument is purchased or else sold, this transaction is referred to as exercising the option, and the price paid at the delivery of the option instrument is the strike price. The right to buy the option is a call option, and the right to sell the option is a put option (102). Options can also be written, or sold, on cash instruments or futures.

Combinations of derivatives and financial instruments create structures that have (had) significant risk/return and/or cost savings profiles.

Thus, ‘Structured Products’ are designed to provide investors with highly targeted investments correlated to their (the investor’s) specific risk profile, given the return requirements and market expectations as analysed by the investment bank.

The financial engineering tricke yields a ‘value’ for the derivative securities – based on combining the ‘underlyings’ (underlying security instrument) like shares, bonds, indices or commodities – with derivatives, to produce the projected values of the options, forwards, and swaps (103).

The process of hedging with futures is a bond or investment bank portfolio manager’s method of counteracting the risk involved in holding long term debt instruments, since derivatives are not disclosed on the balance sheet, due to their short-term nature (104). Swapping futures that have cash-streams gives the appearance of containing any risk of default of the debt instrument.

Moreover the issuers can avoid any SEC disclosure, since these contracts have not been required to be disclosed on their financial statements. For instance, in 1996, Wall Street traded $500 billion in Repos and $200 billion in currency and interest rate swaps every day, without disclosure (105).

• A Mortgage-Backed Certificate (MBC) is a ‘Structured Product’ that is backed by mortgages.

Such MBCs are issued by both the Federal Home Loan Mortgage Corporation, and the Federal National Mortgage Association. Other types of such certificate are guaranteed by the Government National Mortgage Association.

Investors in these instruments receive payments for the interest and principal paid on the underlying mortgages. Until the 7th September 2008, Mortgage-Backed Certificates and the secondary mortgage market was meant to have helped (in theory, at any rate) to keep mortgage money available for home financing purposes (106).

• A Collateralized Debt Obligation (CDO or CBO) is another type of ‘Structured Product’, comprised of investment-grade bonds backed by a pool of variously rated bonds, including junk bonds. CDOs represent different degrees of credit quality, rather than maturities. Underwriters of CDOs package a sizeable and diversified pool of bonds, including high-risk, high-yield junk bonds, which are then separated into TIERS.

Typically, the top tier represents the higher quality collateral (paying the lowest interest rates), the middle tier is backed by riskier bonds (i.e., bonds paying a higher interest rate), and the bottom tier represents the lowest credit quality with no fixed interest rate (paying residual interest payments – that is, money left over after the other tiers have been paid out) (107).

• A Collateralized Mortgage Obligation (CMO) is a mortgage-backed bond that separates mortgage pools into different maturity classes, called tranches.

This type of ‘Structured Product’ applies income from payments and pre-payments of principal and interest from the mortgages in the pool in the order that the CMO pays out. Tranches pay the income stream in different rates of interest with maturities from a few months to 20 years.

CMOs are issued by FREDDIE MAC and other private issuers, and they are backed by Government guarantees or by other top-grade mortgages with AAA ratings. However, if mortgage rates drop sharply, the resulting flood of refinancings of mortgages could cause pre-payments to soar; and in these circumstances, CDO tranches will be repaid before the expected tranche maturity (108).

• Collateralized Debt Obligations Cubed (CDO-CUBED) are so-called special-purpose vehicles or entities with securitised payments in the form of tranches. CDO-CUBED are backed by a pool of Collateralized Debt Obligation Squared (CDO-SQUARED) tranches. CDO-CUBED allow the banks to resell the credit risk that they have taken once again, by repacking their CDO-SQUAREDs (109).

• A CDO-SQUARED is a CDO in which the collateral portfolio or reference portfolio consists of other CDO tranches (110).

• Yet another ‘Structured Product’ is the Credit Default Swap (CDS), an instrument that was first developed in the late 1990s for bonds, loans, and similar instruments related to bank transactions. Within a CDS, one party (the protection buyer) buys protection on the credit or risk of default, and the other party or counter-party is the seller (the protection seller), who sells the credit protection.

The primary ‘benefit’ of the Credit Default Swap is its power as a new source of risk distribution – since it frees up regulatory capital, which facilitates additional business. Payout is linked to a credit event (default) and to the performance of a reference entity (i.e., the underlying obligor), not to a specific bilateral trade transaction. Interestingly, since there is no transfer of ownership of the underlying asset, the CDO tool solution can be cheaper and more flexible than an assignment of the underlying asset (111). These are the formal features of these exotic instruments.

PART FOUR: THE U.S. TREASURY SEIZES FNMA AND FHLMC
On Sunday, 7th September 2008, in the context of the exposures of massive financial fraud and meltdown revealed by this service, the (former) US Treasury Secretary, Mr Henry M. Paulson Jr., announced plans to take control of Fannie Mae (FNMA) and Freddie Mac (FHLMC), to replace the companies’ Chief Executives, and to provide up to $200 billion in capital to restore the enterprises or agencies to ‘financial health’ (112).

Paulson noted that more than $5 trillion of debt and mortgage-backed securities issued by Fannie and Freddie is owned by central banks and other investors worldwide.

He elaborated: ‘Failure of either of them would cause great turmoil in our financial markets here at home and around the globe’ (113).

The seizure transferred directly into the US Government’s hands control of the bulk of the secondary home mortgage market, and assumed direct responsibility for ‘solving the housing crisis’. It marked the total failure of the public-private experiment that was developed to create a robust home ownership environment for Americans, via companies with private shareholders seeking to maximise profits with public oversight and fiduciary responsibility (114).

In its attempt to bolster the US mortgage market, the US Treasury was to buy on the open market at least $5 billion of new mortgage-backed securities issued by Fannie Mae and Freddie Mac (115). Accordingly, this arrangement protects the investments of bondholders, including mutual funds that hold huge amounts of debt issued by both corporations.

The Treasury’s intervention also specifically assisted those investors such as Pacific Investment Management Company, the substantial Newport Beach, CA, bond manager, that had only recently purchased large amounts of mortgage-backed bonds.

Initially, Treasury was to purchase $1 billion of preferred shares in both of the former Government-Sponsored Enterprises. The preferred shares were to yield 10% and were to be senior to those issued earlier – thus giving the Government the first right to receive dividends.

The US Treasury was also to receive warrants that give the Government the right to a 79.9% share for a nominal amount.

The US Treasury further pledged to provide up to $200 billion to the companies so that they may survive despite heavy losses on mortgage defaults (116).

However, existing common shareholders would suffer a dilution of their shares and earnings if the Government exercises its warrants.

The preferred shareholders may fair better, since the Office of Thrift Supervision has stated that roughly 2% of the 829 companies that it regulates have a concentration in common or preferred shares of Fannie Mae or Freddie Mac surpassing 10% of their Tier 1 capital.

Regulators say they will work ‘to develop capital-restoration plans ‘to resolve this issue’’ (117).

The Treasury has imposed Conservatorships on the Federal National Mortgage Association (FNMA) and upon the Federal Home Loan Mortgage Corporation (FHLMC), with control and supervision of day-to-day operations to be provided by the Federal Housing Finance Agency, which is designated as the ‘regulator’ of the two entities.

This required the CEOs of Fannie Mae and Freddie Mac to step down, and the replacement of the firms’ Boards of Directors. Additionally, dividends on common and preferred stock were eliminated at both the enterprises. The entities could increase their guarantee mortgage-backed securities holdings without limits, and could still buy replacement securities for their portfolios (118).

Another aspect of this seizure was that the enterprises/agencies were provided with a back-stop credit facility. Secured loans were to be made available on an ‘as needed’ basis until the end of 2009, to be based on available collateral to match the requested loan. Loans were to be funded directly from the General Fund at the Federal Reserve Bank of New York. Such loans would not be extended with maturities beyond 31st December 2009 (119).

The US Treasury’s scheme limited the size of each of these enterprises’ mortgage portfolios to a maximum of $850 billion as of the end of 2009. Currently, the portfolios own or guarantee about $5.3 trillion in mortgages and related securities.

Effective beyond 2009, the Treasury intends the enterprises’ mortgage holdings to shrink by about 10% a year until each entity reaches $250 billion (120).

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

DERIVATIVE SCAM METHODOLOGY:

MBS-CDO-CDS LOAN ORIGINATION
Loan origination begins with a prospective home buyer and with a valid mortgage seller, i.e., an individual makes an application for a mortgage loan from a mortgage bank. Upon the appropriate financial investigation, the applicant is approved as the mortgage borrower. A mortgage loan is a debt instrument giving conditional ownership of an asset, secured by the asset being financed.

The borrower gives the lender a mortgage in exchange for the right to use the property while the mortgage is in effect, and agrees to make regular payments of principal and interest. The mortgage lien is the lender’s security interest and is recorded in title documents in US public land records (UCC1). A mortgage involves real estate and is a long-term debt, normally 25-30 years (121).

Originally, mortgages were written exclusively as fixed-rate fully amortizing loans, but they have evolve dinto loans that are more flexible. Recent innovations in the packaging of mortgage loans for resale in the Secondary Mortgage Market to investors have helped to create a national market for mortgage lending and a wide variety of synthetic financial instruments (122).

The mortgage issuing bank executes and lodges a UCC1 at the appropriate office of public records in the local court house department (in the United States) as a matter of public information and also legal authority. The mortgage lien (UCC1) is subject to a code of US legislation governing various commercial transactions, including the sale of goods, banking transactions, secured transactions in personal property, and other matters that are designed to bring uniformity to these areas in the legislation of the various states that have adopted the Uniform Commercial Code (123).

The Mortgage Note is a written promise to repay a mortgage loan plus interest. This gives the lender a security interest in the mortgage property. The Mortgage Note is the Promissory Note stating the principal amount due, the rate of interest, and the terms for repayment of the funds advanced. The borrower signing the Note, and any cosigners, are personally liable to repay the debt – and are detailed in the UCC1 (124).

US Federal or private insurance programs that protect mortgage lenders against the default risk generally require mortgage insurance. The mortgage insurance premium is paid by the borrower. Federal insurance coverage is administered by the Federal Home Loan Housing Administration, and private mortgage insurance programs are administered by private insurance companies. Private mortgage insurance is provided by specialised insurance companies (125).

The mortgage banker originates mortgages for resale to investors, and derives income much like a merchant banker – via origination fees and servicing income.

Loans are sold in one or two ways: (a) By private placement of whole loans or pools of loans with a single investor, typically an institutional investor, such as an insurance company; or elee: (b) by issuance of securities that are backed by mortgage loans (126). [Note: The originating and early stages of the process are illustrated in the first chart, Figure One, not shown here].

INSTITUTIONAL ORIGINATION, SALE AND RESALE OF MBS, CDS & CDOs:
In this type of scam [Figure 2 in our printed edition], the investment banker (or firm) acts as the underwriter or agent serving as intermediary between the issuer (the mortgage banker, et al.) of the securities, and the investing public.

• A firm-commitment underwriting occurs when the investment banker, either as manager or participating member of an investment banking syndicate, makes outright purchases of new securities from the issuer and distributes them to dealers and investors – profiting on the spread between the purchase price and the public offering or selling price (127).

• A best effort offering is a conditional arrangement whereby the investment banker markets a new issue without underwriting it, acting as an agent rather than principal and taking a commission for whatever volume of securities the banker succeeds in marketing to parties who may not have performed adequate due diligence.

• Another type of conditional arrangement is referred to as a standby commitment, when the investment banker serves clients issuing new securities by agreeing to purchase for resale any securities not purchased by existing holders of rights (128).

The secondary mortgage market is defined as the buying, selling, and trading of existing mortgage loans and mortgage-backed securities that have been underwritten and packaged for resale – to provide liquidity for the originating lending institution (129). Mortgages originated by the lenders are purchased by Government agencies (namely, the Federal Home Loan Mortgage Corporation and the Federal National Mortgage Association), and by investment bankers, (such as (formerly) Lehman Brothers, and by Goldman Sachs, etc.).

These agencies and bankers, in turn, create pools of mortgages, which they repackage as mortgage-backed securities, called Pass-Through Securities or Participation Certificates, which are then sold to investors. Thus, the secondary mortgage market encompasses all activity beyond the Primary Market, which is between the homebuyers and the originating mortgage lender (130).

• Pass-Through Securities represent pooled debt obligations repackaged as shares, that pass income from debtors through the intermediary, to investors. The most common type of so-called pass-through is a bog standard Mortgage-Backed Certificate, usually Government-guaranteed, where homeowners’ principal and interest payments pass from the originating bank or Savings and Loan through a Government agency or investment bank to investors, net of service charges. Other types of assets marketed via pass-through are auto loans and/or student loans (131).

• Additionally, Participation Certificates represent an interest in a pool of funds or in other instruments, such as a mortgage pool (132).

• The underwriting process of creating a pooled debt obligation is the business of investment bankers, who usually form an underwriting group, (a purchase group or syndicate), to pool the risk and assure ‘successful’ distribution of the issue.

The syndicate operates under an agreement among underwriters. The underwriting group appoints a managing underwriter or lead underwriter, who/which is usually the originating investment bank/ banker that prepares the plan details and the SEC registration material (133).

The underwriting agreement represents the underwriters’ commitment to purchase the securities, and gives details of the public selling price, the underwriting spread, including all discounts and commissions, the net proceeds to the issuer, and the settlement date. The issuer agrees to pay all expenses incurred in preparing the issue for resale, including the costs of registration with the SEC and of the prospectus, and agrees to supply the managing underwriter with sufficient copies of both the preliminary prospectus and the final, statutory prospectus (134).

The issuer guarantees:

(1) To make all required SEC filings and to comply fully
with the provisions of the Securities Act of 1933;

(2) To assume responsibility for the completeness, accuracy,
and proper certification of all information in the registration statement and prospectus;

(3) To disclose all pending litigation;

(4) To use the proceeds for the purposes stated;

(5) To comply with State securities laws;

(6) To work to get listed on the agreed-upon exchange; and

(7) To indemnify the underwriters for liability arising out of omissions
or misrepresentations for which the issuer had responsibility (135).

• Figure 1 on page 25 [of the journal: see Special Chart Note below] provides a flowchart to illustrate how these MBS/CDO/CDS scams are structured and develop, identifying the primary institutions involved. This chart is reproduced exactly as supplied to us by our expert adviser, Michael C. Cottrell, B.A., M.S., with visual enhancement by the Editor of this service.

• Figure 2 on page 27 [of the journal: see Special Chart Note below] ‘zooms’ in on the right-hand component of Figure 1, showing how the institutional resale of the MBS/CDS/CDOs is scammed internationally, showing the underwriting, issuing, selling, and the purchasing of the mortgage-backed securities of FNMA and FHLMC via pooled securitisation.

As noted, prior to 8th September, 2008, FNMA and FHLMC were both Government Sponsored Enterprises (GSEs) which owned or guaranteed approximately 50% of the mortgage market in the United States, aggregating over $5 trillion of outstanding debt and mortgage-backed securities issued by them (136). As publicly traded securities, these GSE-issued mortgage-backed securities were purchased by other mortgage originators, securitised by them, and ‘re-sold’ by them as mortgage-backed securities to other investors (137).

The referenced world-wide institutions shown in Figures 1 and 2 – Goldman Sachs, A.I.G., Lehman Brothers, Morgan Stanley. Citibank. JPMorganChase, Wachovia, Deutsche Bank, Barclays Bank, Bank of England, NatWest [RBS], Coutts [RBS], General Motors, Ford Motor Company and General Electric – purchased, re-packaged, and re-sold the various ‘Structured Products’ under the guise of offsetting the risks of the ‘challenging market environment’, according to numerous financial experts who ventilated on this subject between 2001 and September 2008.

Even after the credit freeze that developed following the measures taken in mid-September 2008 in the United Kingdom which resulted in the placement into ‘lockdown’ of $6.2 trillion of LOAN funds plus $7.8 trillion of sovereign funds for the Settlements (= $14.0 trillion) referenced in our website reports – thereby depriving the carousel of its illegally exploited ‘real’ cash base – there have been innumerable attempts to induce the public to view ‘Structured Products’ in a positive light.

For instance, on 5th November 2008, The Wall Street Journal displayed more than one full page describing the advantages and values of ‘Structured Products’ and why investors should continue to buy them, promoting them as tools to help manage volatility and to protect portfolios (138).

WALL STREET JOURNAL COMMENTS ON ‘STRUCTURED PRODUCT’ TYPES
Regarding the standard types of ‘Structured Products’, the article stated that some use leverage to enhance upside returns and may or may not cap (limit) the upside.

• Absolute Return Notes: Pay returns if the underlying (security) goes up or down but are not traded outside a specific range (139).

• Buffered Return Enhance Notes:
Provide downside protection if the ‘underlyings’ do not breach a preset barrier, while Reverse Convertible Securities pay handsome coupons and the performance upside of a stock; but if the stock breaches a downside price, they will convert into that stock’s shares (140).

There are also Partial- or Fully Principal-Protected Notes, which guarantee that some or all of an investor’s principal will be returned at maturity even if the underlying performs poorly (141).

The Wall Street Journal article elaborated:

‘Issuers of Structured Products are large investment banks or affiliated firms in the United States or around the world. Issuers may craft a structured investment that they believe would appeal to many investors, then sell these so-called ‘off-the-shelf’ investments’ through large, regional or independent broker/dealers, and/or financial planners. An issuer may also customize a single Structured Product tailored to a specific investor’s needs’ (142).

Additionally, the WSJ article concluded that ‘… one important aspect with structured investments is to understand the credit risk in the product, i.e., the risk that an issuer may not be able to honor its obligation to repay investors in the future is a risk inherent in many Structured Products…’ (143).

NEW DERIVATIVE SCAMMING LEGISLATION:
THE EMERGENCY ECONOMIC STABILIZATION ACT OF 2008

Public Law 110-343, also known as The Emergency Economic Stabilization Act of 2008, was signed into law by President Bush Jr. on 3rd October 2008.

Within this act was also enacted the Troubled Assets Relief Program (TARP) which authorised the US Secretary of the Treasury to spend up to $700 billion to purchase distressed assets. The Act stated that its purpose is: ‘To provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and prevent disruption in the economy and financial system and protecting taxpayers, to amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes’ (144).

The law authorised the Secretary of the Treasury to draw up to $250 billion for immediate use, and then required the President of the United States to certify when an additional $100 billion of funds are needed. Disbursement of the final $350 billion was subject to Congressional approval (145).

Mr Neel Kashkari was appointed on 6th October 2008, by Treasury Secretary Paulson, as the interim head of the Office of Financial Stability , formed under the legislation, and was tasked to administer the TARP program (146).

The Troubled Assets Relief Program has several administrative units:

(1) A Mortgage-backed Securities Purchase Program – to identify which of the troubled assets should be purchased, and the purchase mechanism to be used;

(2) A Whole Loan Purchase Program – to identify which types of loans should be purchased first from regional banks, and how to value them, since the banks are clogged with whole residential mortgage loans;

(3) An Insurance Program – to establish a viable scheme to insure troubled assets, including mortgage-backed securities and whole loans;

(4) An Equity Purchase Program – to purchase equity in a broad array of financial institutions; and

(5) A Home Ownership Preservation Scheme – to help US homeowners when TARP purchases mortgages and MBS securities, and other ‘Structured Products’ (147).

However, by 12th October 2008, it had become evident that TARP as described to Congress and as administered by the Office of Financial Stability could not be operated in accordance with the legislation and described above.

On 23rd September 2008, Treasury Secretary Paulson had told the US Senate Banking Committee that ‘some said we should just stick capital in the banks, take preferred stock in the banks. That’s what you do when you have failure, this is about success’(148). Mr Paulson also told lawmakers that it made more sense to jumpstart the frozen credit markets (frozen over, due to the MBS-CDS-CDO illiquidity) with ‘market measures’, by which he meant buying up assets rather than institutions (149). Then, within a few days, Mr Henry M. Paulson Jr. confirmed his intention to buy stakes in banks by asserting that: ‘We can use the taxpayer’s money more effectively and efficiently, get more for the taxpayer’s dollar, if we develop a standardized program to buy equity in financial institutions’(150).

The Treasury was the source of the US Federal Government’s plan, under the disreputable Bush II Administration, to buy up to $700 billion worth of illiquid Mortgage-Backed Securities (MBS) with the supposed intent to increase liquidity availability in the secondary mortgage markets and to reduce potential losses by financial institutions owning these securities (151).

TARP was sold to Congress on the basis that the US Treasury would spend the $700 billion on the frozen credit securities in a ‘reverse auction’ whereby financial institutions are invited to compete against each other in offering to sell their mortgage-backed securities at a low price.

Bonds for a single pool of mortgages are divided into more than a dozen tranches, with different seniority, different credit ratings, and different rules for payment.

The performance of the underlying mortgages (‘the underlyings’) varies greatly from one pool to another. It was against this background that Mr William Poole, a retired President of the Federal Reserve Bank of St. Louis, stated: ‘I am not aware that the Treasury Department presented any evidence on auctions that have been successful when they are used for assets that are so heterogeneous’(152).

THE TARP OPERATION AND MR KASHKARI
Within Public Law 110-343, Congress required the formation of a Congressional Oversight Panel to ensure the proper usage and expenditure of the TARP funds. (This development replicated and probably copied Mr Cottrell’s demand for the insertion of an Oversight Panel when it transpired early in 2008 that any transactions involving Leo/Lee Wanta could not be contemplated without such a safeguard – prior to the necessary and unavoidable severance of relations between Mr Cottrell and Wanta, publicised on our website in March 2008 and by this service).

The Interim Assistant Secretary for Financial Stability, Neel Kashkari, submitted an update on 8th December 2008, with respect to the oversight arrangements made for the Troubled Assets Relief Program (153) (TARP). An appointed Oversight Panel Board selected the Federal Reserve Board Chairman, Dr Ben Bernanke, to be Chairman of the Oversight Board. The legislation required the Board to meet once a month, but it met five times in the space of two months, with numerous staff calls between meetings. Additionally, the law required the appointment of a Senate-confirmed Special Inspector General to oversee the program (154).

The legislation also required the Government Accountability Office (GAO: previously the more appropriately named Government Accounting Office) to establish a physical presence inside the US Treasury to monitor the TARP.

The US Treasury duly provided workspace for the auditors within days of the President signing the law, and the Treasury Secretary, Mr Paulson, had his first call with the Acting Comptroller General, Mr Gene Dodaro, on Tuesday 7th October 2008. The Acting Comptroller General and his team met the US Treasury’s team for the first time on Thursday 9th October 2008.

Subsequently, Mr Kashkari participated in multiple briefings with the GAO and the respective staffs met almost daily for ‘program updates’, and to review contracts (155).

The GAO’s very conscientious staff met the Treasury’s team on Saturday 22nd November 2008, before their report was finalised. The GAO’s report provided a review of the TARP programs and progress – essentially a snapshot at the 60-day mark of this large and complex project (156).

The law required the US Treasury to publish a Transaction Report within two business days of completing each transaction. The US Treasury proceeded to publish four transaction reports – on 29th October 2008, 17th November, 25th November, and 26th November 2008 – covering the 54 transactions then competed (157).

The law also required the US Treasury to publish a Tranche Report to Congress within seven days of each $50 billion commitment that has been made.

The comprehensive Tranche Report must provide details on the following:

• The transactions undertaken to date.

• The impact of these transactions on the financial system.

• The challenges that remain to be addressed: plus:

• Additional measures that may be necessary to address those challenges.

The US Treasury published, to begin with, three Tranche Reports – on the 3rd November, 21st November, and 2nd December 2008 (158).

Further, the law required the Treasury to provide a detailed report on the overall program within 60 days of the first exercise of the TARP purchase authority.

That report was submitted to the Congress on 5th December 2008 (159). At this stage, Mr Kashkari stated in public that ‘we must remember that just over half of the money that was allocated to the Capital Purchase Program has been received by the banks’ (160).

On Monday 8th December 2008, the US Senate confirmed New York Prosecutor Neil Barofsky as the Special Inspector General within the Treasury Department who was responsible for auditing TARP. On that self-same day, the US Treasury Department released a statement notifying Congress that it had committed a total of $335 billion to financial-rescue programs since October 2008. This amount left $15 billion remaining in the first tranche of $350 billion approved by Congress (161).

HOW THE LEGISLATION ASSISTED THE FINANCIAL FRAUDSTERS:
THE PAULSON TREASURY’S TARP $700 BILLION PLATFORM SCAM

Figure 3 [of the journal: see Special Chart Note below] illustrates the process of taking the private mortgage, commercial mortgage, credit card loans, and/or any other fungible debt, and via the underwriting group or underwriting trust pool, and turning that debt into a securitised ‘Structured Product’ to be pooled and sold into the global institutional market place.

The boxes in the ICR charts indicating ‘Pool A-1’ etc. represent the securitised pools of mortgages, and other ‘assets’, and the various tranches of these ‘Structured Products’.

These tranches and/or pools are then sold on to the banks, investment banks, and ‘financial products’ companies for re-sale and/or re-packaging and then re-sale to international banks, investment banks, and corporations.

Treasury Secretary Henry Paulson’s TARP plan to obtain unlimited authority over $700 billion was premised on the basis that via a reverse auction, the structured products/derivatives could be purchased by the Treasury TARP group and re-packaged, via the new FNMA and FREDDIE MAC, and then re-sold at a profit.

BASED ON THE FALSE PRESUMPTION THAT THE ‘ASSETS’ HAVE VALUE
This operation assumed that the illiquid derivatives have a specific value or a market value.

Such an assumption is definitely false, since there is NO actual and specific asset that is directly attached to the structured product – given the obvious fact that the asset was split from the locally filed UCC-1 that defines who is the mortgagee and mortgagor, and who has legal claim to the asset once the mortgage or debt is paid in full.

• IN OTHER WORDS, holders of these fake, exotic ‘assets’ have no recourse to the original underlying source(s) of ‘real money’ funds.

SEPARATION OF THE ASSET AND THE LEGAL AUTHORITY TO CLAIM THE ASSET
This separation of the asset and the legal authority to claim the asset occurred during the financial securitisation process of pooling, re-pooling, and re-packaging – supposedly (for international public consumption) to spread the risk of default to as many holders as possible – thus furthering the development of the Credit Default Swap derivatives market.

The typical CMO (‘Structured Product’) has ‘A’, ‘B’, ‘C’, and ‘Z’ tranches, representing fast pay, medium pay, and slow pay bonds plus a tranche that bears no coupon but receives cash flow from the collateral remaining after all the other tranches are satisfied (see previous discussion) (162).

More sophisticated CMOs have multiple ‘Z’ tranches and a ‘Y’ tranche incorporating a sinking funds schedule (163).

Figure 3 illustrates a non-public TARP program, prior to the appointment of Mr. Kashkari, et al. and the Congressional Oversight Panel restrictions.

Under the guise of a government ‘bailout’ theme and marketed to Congress and the US general public as being for the purpose of buying the illiquid asset-backed securities, Treasury Secretary Paulson intended to operate TARP as a Trading Platform – that is to say, as an International Hedge Fund benefiting from US Government Guarantees – from within Treasury (behaviour which has hitherto been completely illegal) to purchase, at a higher price than necessary, the CDO, CDS, MBS etc. derivatives from the very entities and banks that have directly contributed to the mass-production and sale of these toxic illiquid ‘Structured Products.

The purpose of this Trading Platform was/is therefore to use public funds to quantify the value of the toxic products, and to overpay the elitist holders, i.e.: the likes of leading Fraudulent Finance specialists, viz: AIG, CITIBANK, GOLDMAN SACHS, CARLYLE CAPITAL, CARLYLE GROUP.

BECAUSE, once the ‘Structured Products’ had been valued, via reverse auction, and purchased, Paulson and his friends would then be able to re-pool and re-package the relevant derivatives via FNMA and FHLMC for re-sale into the demonstrably gullible marketplace, where the phrase ‘due diligence’ appears to be foreign to many operators in the market – thereby repeating the process for as long as possible.

Profits from this Trading Platform could then be transferred to an unknown Master Custodial Account set up within the external international monetary system – such as a receptacle set up for this purpose by President George W. Bush Jr. in Benin, West Africa – without the knowledge of, or any accountability to, the American Taxpayer, the US tax authorities, or anyone else.

CONCLUSION:

Thus, public funds were to be used yet again to generate private accruals, while a massive fraud would be concealed under cover of the necessity of ‘managing’ the illiquidity of the ‘Structured Products’ and regaining credit flow within the international banking system. See the flow charts: Figures 1-3 in the International Currency Review presentation [see Special Chart Notes below]

References and Notes:

General Note: Some use has been made of references captured via Wikipedia, an on-line ‘do-it-yourself’ encyclopaedia. The Editor is not enamoured of these ‘communising’ websites which seek to make information universally available, given that a hidden agenda may apply in some cases. For instance, a certain US platform allows its ‘users’ to upload copyrighted material and then says that it is compliant with US legislation if the illicit upload of the copyrighted material is pointed out to them: in other words, the entity specifically claims that it is not required to perform due diligence and has no duty of care with regard to infringements of copyright belonging to others.

In that case, it is known that the object of the exercise is to steal the copyright material and to drive small publishers out of business. It is the Editor’s specific experience that alteration of errors on Wikipedia has been followed by the restoration of those errors. In the instances noted below, Mr Cottrell has ‘seen through’ Wikipedia to the original sources, which should be referenced should further research be intended.

01. Michael C. Cottrell, ‘Elite Power and Capital Markets’, (Master of Science Thesis, Mercyhurst College, 2001), page 81.
02. Ibid., page 81.
03. Cottrell, ‘Elite Power and Capital Markets’, page 80.
04. Cottrell, ‘Elite Power and Capital Markets’, page 80.
05. Cottrell, ‘Elite Power and Capital Markets’, page 80.
06. Cottrell, ‘Elite Power and Capital Markets’, page 79.
07. Cottrell, ‘Elite Power and Capital Markets’, page 83 (383).
08. Cottrell, ‘Elite Power and Capital Markets’, page 82 (384).
09. Cottrell, ‘Elite Power and Capital Markets’, page 82 (385).
10. Cottrell, ‘Elite Power and Capital Markets’, page 85 (407, 409, 410, 411).
11. Cottrell, ‘Elite Power and Capital Markets’, page 85.
12. Cottrell, ‘Elite Power and Capital Markets’, page 85 (414, 415, 416, 417).
13. Cottrell, ‘Elite Power and Capital Markets’, page 86 (418, 419).
14. Cottrell, ‘Elite Power and Capital Markets’, page 86 (420).
15. Cottrell, ‘Elite Power and Capital Markets’, page 86 (422).
16. Cottrell, ‘Elite Power and Capital Markets’, page 86 (424).
17. Cottrell, ‘Elite Power and Capital Markets’, page 86-87 (425, 426, 427).
18. Ibid., page 81.
19. Federation of American Scientists, ‘BCCI-CAPCOM’, Washington, D.C., 2008,
(available at http://www.fas.org/irp/congress/1992_rpt/bcci/21capcom.htm), Internet, page 2.
20. Ibid., page 2.
21. Ibid., page 2.
22. Cottrell, ‘Elite Power and Capital Markets’, page 87.
23. Cottrell, ‘Elite Power and Capital Markets’, page 87.
24. Ibid., page 87.
25. Ibid., page 87.
26. Cottrell, ‘Elite Power and Capital Markets’, page 88.
27. Ibid., page 88.
28. Bevis Longstreth, Securities and Exchange Commission Commissioner, ‘Open Letter to Bush Task Group on Regulation of Financial Services and Wirth Commission on Capital Markets’, Securities and Exchange Commission, Washington, D.C., 1983, (available for access at: www.sec.gov/new/speech/1983/040883longstreth), page 5.
29. Ibid., page 5.
30. Ibid..
31. Ibid..
32. Ibid., page 6.
33. Ibid..
34. Ibid..
35. Ibid., page 7.
36. Ibid..
37. Ibid., page 9.
38. Ibid., page 10.
39. Ibid., page 12.
40. Ibid., page 13.
41. John S. R. Shad, Chairman, ‘50th Annual Report of U.S. Securities and Exchange Commission for the fiscal year ended September 30, 1984’, U.S. SEC Library, Washington, D.C., 1984, (available at http://www.sec.gov/about/annual_report/1984), Internet, page 42.
42. John S. R. Shad, op. cit.
43. Ibid., page 42.
44. Ibid., page 42.
45. Cottrell, ‘Elite Power and Capital Markets’, page 124.
46. Cottrell, ‘Elite Power and Capital Markets’, page 124.
47. Wikipedia, Dan Brody, ‘The Iron Triangle: Inside the Secret World of the Carlyle Group’, John Wiley & Sons, 2003, ISBN 0-471-281085.
48. Wikipedia, John Mintz, ‘Founder Going Beyond the Carlyle Group.’, The Washington Post, 9th January 1995, F9.
49. Thomas Heath, ‘Pair of Proposals Take Aim at Carlyle Group’, The Washington Post, 15th February 2008, (at http://www.washingtonpost.com/wpdyn/content/article/ 2008/02/14AR2008021403573.html).
50. Wikipedia, ‘Carlyle Group’, (at http://en.wikipedia.org/wiki/Carlyle_Group), page 1.
51. Cottrell, ‘Elite Power and Capital Markets’, page 169 (10, 11, 12, 13).
52. Cottrell, ‘Elite Power and Capital Markets’, page 169 (14, 15, 16, 17, 18, 19, 20, 21, 22).
53. Cottrell, ‘Elite Power and Capital Markets’, page 169.
54. Cottrell, ‘Elite Power and Capital Markets’, page 169.
55. Cottrell, ‘Elite Power and Capital Markets’, page 170 (23, 24).
56. Cottrell, ‘Elite Power and Capital Markets’, page 170 (25).
57. Cottrell, ‘Elite Power and Capital Markets’, page 170.
58. Cottrell, ‘Elite Power and Capital Markets’, page 170 (27, 28, 29).
59. Cottrell, ‘Elite Power and Capital Markets’, page 170 (29, 30).
60. Wikipedia, ‘Enron: Enron Creditors Recovery Corporation’, Wikipedia Foundation, Inc., 2008, (available at http://www.wikipedia.org/enron/enrononline), Internet, page 6.
61. Wikipedia, ‘Enron’, Alex Berenson and Richard A. Oppel, Jr. ‘Once-mighty Enron Strains under Scrutiny’, The New York Times, 28th October 2001, page B1.
62. Wikipedia, ‘Enron’, Richard A. Oppel, Jr. ‘Enron seeks additional financing’, The New York Times, 29th October, 2001, page A8-A9.
63. Ibid., ‘Enron credit rating is cut, and its share price suffers; concern increasing on borrowing capacity’. (Moody’s Investors Service lowers credit rating), The New York Times, 30th October 2001, page C2.
64. Wikipedia, ‘Enron: Enron Creditors Recovery Corporation’, page 9-10.
65. US Government information. ‘Enron: Crouching Profits, Hidden Debt’, Diamar Interactive Corporation, 1996, (available at http://www.about.com), Internet, page 1.
66. Ibid., page 2.
67. Ibid., page 2.
68. Cottrell, ‘Elite Power and Capital Markets’, page 171 (32).
69. US Government Information. ‘Enron: Crouching Profits, Hidden Debt’, page 1: See also Note 65.
70. Cottrell, ‘Elite Power & Capital Markets’, page 134. (162), Richard M. Whiting, ‘Promises Finally Kept: Glass-Steagall Repealed…and More’, The Journal of Lending & Credit Risk Management, [Lexis-Nexis] (Robert Morris Associates/Information Access Company, 2000, accessed 27 December 2001) from:http://www.nexis.com/research; Internet.
71. Ibid..
72. Financial Services Modernization Act, CRA Amendments in the Gramm-Leach-Act,
(available from http://www.banking.senate.gov/conf/grmleach.htm) page 1.
73. Ibid..
74. Cottrell, ‘Elite Power & Capital Markets’, page 134. (166), Congress, Senate, Committee on Banking, Housing, and Urban Affairs. The Gramm-Leach-Bliley Act: Financial Services Modernization. 106th Congress, 1st Session, 24 and 25 February 1999, page 204-205.
75. Cottrell, “‘Elite Power and Capital Markets’, page 134. (167), Richard M. Whiting, ‘Promises Finally Kept: Glass-Steagall Repealed…and More’, The Journal of Lending & Credit Risk Management. [Lexis-Nexis] (Robert Morris Associates/Information Access Company, 2000, accessed 27 December 2001) from http://www.nexis.com/research; Internet.
76. John Downes, A.B., and Jordan Elliot Goodman, A.B., M.A., eds.,
‘Dictionary of Finance and Investment Terms’ s.v. ‘Merchant Bank’.
77. Glenn G. Munn, F.L. Garcia and Charles J. Woelfel, eds., ‘Encyclopedia of Banking & Finance’, 10th Ed., Chicago: Probus Publishing, 1994, (Electronic Portion, Orem: Infobase Press, 1994), s.v. Federal National Mortgage Association.
78. Ibid., page 1.
79. Ibid., page 1.
80. Ibid., p.2.
81. Glenn G. Munn, F.L. Garcia and Charles J. Woelfel, eds., ‘Encyclopedia of Banking & Finance’, 10th Ed., Chicago: Probus Publishing, 1994, (Electronic Portion, Orem: Infobase Press, 1994), s.v. Federal Home Loan Mortgage Corporation
82. Ibid., page 1.
83. Ibid., page 1.
84. Ibid., page 1.
85. Ibid., page 1.
86. Ibid., page 2.
87. Ibid., page 2.
88. Ibid., page 2.
89. Ibid., page 2.
90. Ibid., page 2.
91. Ibid., page 3.
92. Ibid., page 3.
93. Wikipedia, ‘Structured Product’, Securities Exchange Commission, (available at http://sec.gov/division/corpfin/forms/regc.htm#delivery), page 1.
94. Robert W. Hamilton, ‘Corporations’, 4th Ed., St. Paul, Minn.: West Publishing Company, 1997, page 593.
95. Ibid.. page 593.
96. Cottrell, ‘Elite Power and Capital Markets’, page 145. (248) Frank J. Fabozzi with T. Dessa Fabozzi and Irving M. Pollack, ‘The Handbook of Fixed Income Securities‘, 3rd Ed., New York: Richard D. Irwin, Inc., 1991, page 669.
97. Cottrell, ‘Elite Power and Capital Markets’, page 145 (249) Downes, ‘Dictionary of Finance and Investment Terms’, s.v. ‘Futures Contract’.
98. Cottrell, ‘Elite Power and Capital Markets’, page 145-146. (248) Frank J. Fabozzi with T. Dessa Fabozzi and Irving M. Pollack, ‘The Handbook of Fixed Income Securities‘, 3rd Ed., New York: Richard D. Irwin, Inc., 1991, page 670.
99. Cottrell, ‘Elite Power and Capital Markets’, page 146. (248) Frank J. Fabozzi with T. Dessa Fabozzi and Irving M. Pollack,‘The Handbook of Fixed Income Securities‘, 3rd Ed., New York: Richard D. Irwin, Inc., 1991, page 671.
100. Ibid,.
101. Cottrell, ‘Elite Power and Capital Markets’, page 146. (248) Frank J. Fabozzi with T. Dessa Fabozzi and Irving M. Pollack, ‘The Handbook of Fixed Income Securities‘, 3rd Ed., New York: Richard D. Irwin, Inc., 1991, page 670.
102. Cottrell, ‘Elite Power and Capital Markets’, page 146. (248) Frank J. Fabozzi with T. Dessa Fabozzi and Irving M. Pollack, ‘The Handbook of Fixed Income Securities‘, 3rd Ed., New York: Richard D. Irwin, Inc., 1991, page 672.
103. Wikipedia, ‘Structured Product’, page 3.
104. Cottrell, ‘Elite Power and Capital Markets’, page 146. (255) Roger Lowenstein, ‘When Genius Failed: The Rise and Fall of Long-Term Capital Management’, New York: Random House, 2000, page
105. Cottrell, ‘Elite Power and Capital Markets’, page 146. (256) Roger Lowenstein, ‘When Genius Failed: The Rise and Fall of Long-Term Capital Management’, New York: Random House, 2000.
106. Downes, ‘Dictionary of Finance And Investment Terms’, s.v. ‘Mortgage-Backed Certificate’.
107. Downes, ‘Dictionary of Finance And Investment Terms’, s.v. ‘Collateralized Debt Obligations’.
108. Downes, ‘Dictionary of Finance And Investment Terms’, s.v. ‘Collateralized Mortgage Obligations’.
109. ‘Collaterized Debt Obligation Cubed – CDO CUBED’, Investopedia, ULC, 2008.
110. ‘CreditFlux Dictionary’, CreditFlux Ltd., 2008, at http://www.creditflux.com/glossary; Internet.
111. JPMorgan Chase & Co., ‘Credit Default Swaps and Trade: A Useful Tool for Distributing Risk.’, JPMorgan Chase & Co., 2008.
112. James R. Hagerty, Ruth Simon, and Damian Paletta, ‘U.S. Seizes Mortgage Giants’,
The Wall Street Journal, 2008, September 8, 2008, page A1.
113. Ibid., page A15.
114. Ibid., page A15.
115. Ibid., page A15.
116. Ibid., page A15.
117. Ibid., page A15.
118. Ibid., page A15.
119. Ibid., page A15.
120. Ibid., page A15.
121. Thomas Fitch, ‘Dictionary of Banking Terms’, 3rd Edition, Hauppauge: Barron’s Educational Series, Inc., 1997, s.v. ‘Mortgage’.
122. Ibid..
123. Steven H. Gifis, Law Dictionary. 2nd Edition, Hauppauge: Barron’s Educational Series, Inc., 1984, s.v. ‘Uniform Commercial Code’ [UCC].
124. Thomas Fitch, ‘Dictionary of Banking Terms’, s.v. ‘Mortgage Note’.
125. Thomas Fitch, ‘Dictionary of Banking Terms’, s.v. ‘Mortgage Insurance.’.
126. Fitch, ‘Dictionary of Banking Terms’, s.v. ‘Mortgage Banker’.
127. John Downes, A.B., and Jordan Elliot Goodman, A.B., M.A., eds., ‘‘Dictionary of Finance and Investment Terms’, 7th Edition., Hauppauge: Barron’s Educational Series, 2006, s.v. ‘Investment Banker’.
128. Ibid..
129. John Downes, A.B., and Jordan Elliot Goodman, A.B., M.A., eds., ‘Dictionary of Finance and Investment Terms’, s.v. ‘Secondary Mortgage Market’.
130. Ibid..
131. John Downes, A.B., and Jordan Elliot Goodman, A.B., M.A., eds., ‘Dictionary of Finance and Investment Terms’, s.v. ‘Pass-Through Security’.
132. John Downes, A.B., and Jordan Elliot Goodman, A.B., M.A., eds., ‘Dictionary of Finance and Investment Terms’, s.v. ‘Participation Certificate’.
133. John Downes, A.B., and Jordan Elliot Goodman, A.B., M.A., eds., ‘Dictionary of Finance and Investment Terms’, s.v. ‘Underwrite’,
134. John Downes, A.B., and Jordan Elliot Goodman, A.B., M.A., eds., ‘Dictionary of Finance and Investment Terms’, s.v. ‘Underwriting Agreement’.
135. Ibid..
136. Blackrock, ‘Government Takeover of Fannie Mae and Freddie Mac’, Blackrock, Inc., 2008, (available at http://www.blackrock.org), p.1.
137. Ibid..
138. Lori Pizzani, ‘Structured Investment Products, Tools to Help Manage Volatility, Protect Portfolios’,
The Wall Street Journal, November 5, 2008, Dow Jones: New York, 2008, page C11.
139. Ibid..
140. Ibid..
141. Ibid..
142. Ibid..
143. Ibid..
144. Wikipedia, ‘Public Law 110-343’.
145. Wikipedia, ‘Troubled Assets Relief Program’, Summary of the Emergency Economic Stabilization Act of 2008 (http://banking.senate.gov/public/_files/latestversionEESASummary.pdf), United States Senate Committee on Banking, Housing and Urban Affairs, page 1.
146. Deborah Solomon, ‘Regulators Outline Steps to Quell Crisis’, The Wall Street Journal, Dow Jones: New York, October 7, 2008, page A6.
147. Wikipedia, ‘Troubled Assets Relief Program’, http://www.accountability-central.com/single-view-default/article/treasury-update-on-implementation-of-troubled-asset-relief-program-tarp-before-institute-of-intern, Internet, page 1.
148. Edmund L. Andrews and Mark Landler, ‘White House Overhauling Rescue Plan’,
The New York Times, October 12, 2008, http:///www.nytimes.com/2008/10/12/business, Internet, p. 3.
149. Ibid..
150. Ibid..
151. Wikipedia, ‘Emergency Economic Stabilization Act of 2008’, AP Article: ‘Rescue Plan Seeks $700 Billion to Buy Bad Mortgages’, (http://www.nytimes.com/aponline/business/AP-Financial-Meltdown.html) article by The Associated Press in The New York Times September 20, 2008.
152. Ibid., page 4.
153. Herbie Skeete, ‘US Treasury Interim Assistant Secretary For Financial Stability Neel Kashkari Update on The TARP Program’, Mondo Visione Ltd: London, 2008, available at: http://www.mondovisione.com/index.cfm/section=news&;action, page 1.
154. Ibid., page 2.
155. Ibid., page 2.
156. Ibid..
157. Ibid., page 3.
158. Ibid., page 3.
159. Ibid..
160. Ibid., page 4.
161. Maya Jackson Randall and Michael R. Crittenden, ‘Treasury Could Improve Management of TARP’, The Wall Street Journal, December 9, 2008, Dow Jones: New York, 2008, page C4.
162. John Downes, A.B., and Jordan Elliot Goodman, A.B., M.A., eds., ‘Dictionary of Finance and Investment Terms’, s.v. ‘Tranches’.
163. Ibid..

Captions to the charts that appear in International Currency Review Volume 34, Number 2 [March 2009] but are not shown in this website presentation:

Figure 1, page 25 of the journal: MBS-CDO-CDS scam (Fraudulent Finance) flowchart, showing how a single loan triggering one solitary cashflow of mortgage payments is typically leveraged and intermingled with other such origination cashflows into exotic ‘derivatives’ known as ‘Structured Products’ via pools which are sold on to investment banks before being marketed internationally, where the US securities legislation (the 1933 and 1934 Securities Acts) does not apply. There is no precedent for such colossal OFFICIALLY organized fraud.

Figure 2, page 27 of the journal: MBS-CDO-CDS scam (Fraudulent Finance) flowchart: Institutional sale and resale of so-called ‘Structured Products’ that have zero intrinsic value because beyond the originating Mortgage Bank, none of the subsequent parties enjoys prospective access to the single originating stream of funds. As a former Goldman Sachs official, speaking privately, told the Editor of this service: ‘These ‘assets’ are worth what someone is prepared to pay for them’.

Since they have been comprehensively discredited, except among those compartmentalised intermediaries, bankers, intelligence cadres and others who may not yet be ‘up to speed’ (if any such creatures remain, which given developments since September 2008, logic would suggest is unlikely), ‘what someone is prepared to pay for them’ effectively means nothing. As Mr Michael C. Cottrell’s narrative shows, the Paulson Treasury TARP operation had as one of its hidden purposes the injection of ‘value’ into worthless hybrid collectivised ‘assets’.

• Addendum: Of course, this is the PRIMARY OBJECTIVE of both the Geithner TARP deception and its Obama Administration successor schemes.

Figure 3, page 33 of the journal: This chart shows how the routine operations of the Fraudulent Finance ‘Money Machine’ were to be ‘revalidated’ via the Paulson Treasury’s Troubled Assets Relief Program (‘TARP’) enacted within the Emergency Economic Stabilisation Act of 2008, signed into law by President George W. Bush Jr. on 3rd October 2008. Specifically, the diagram exposes the fact that $700 billion of US taxpayers’ funds and new Federal Government debt was in fact to be deployed for the specific benefit of Carlyle, Carlyle Capital, George Bush Sr., James Baker and others, who are responsible for the financial crisis not least by blocking the sole answer: the On-the-books Refunding Program.

• NOTE:
In further work we’ve done on this subject, we have extended these charts to demonstrate that the Geithner TALF Plan is specifically intended for the same purpose: to refund the likes of Carlyle and Carlyle Capital, under cover of purporting to be specifically designed to ‘stimulate’ the economy.

Unlike the private sector Refunding Programme agreed by the Group of Seven financial powers in 2007 and 2008, the Paulson-Geithner ‘solution’ theoretically generates revenue all right (assuming there are any fools out there internationally who will fall for this new generation of officially driven derivatives Ponzi scamming) while perversely and unnecessarily generating colossal mountains of Treasury debt on the other side of the balance sheet of the US Federal Government

In this context, revenues generated from this ‘Legitimised Fraudulent Finance’ will yield, say, 35% in tax accruals – always provided the proceeds are held on-balance sheet, contrary to the practice hitherto of holding the proceeds off-balance sheet in offshore accounts and untaxed (tax evasion); whereas 100% of official debt will have been UNNECESSARILY created in the background: thereby mortgaging the futures of several generations of Americans.

THE WHITE HOUSE/CIA MOTIVE: TO STAY IN CONTROL
The reason that this disastrous Fraudulent Finance approach has been adopted by the Obama Administration is that, by this means, the Government and its corrupted cronies STAY IN CONTROL OF TRADING OPERATIONS WITH NO COMPETITION. That is the motive.

By contrast, the pure way of achieving a sound recovery within the exiting framework without creating ANY NEW DEBT AT ALL, is for the private sector to handle the refunding operation WITH NO GOVERNMENT INVOLVEMENT.

That way, the Government gets to tax 35% of the accrued proceeds of the eight on-balance sheet trades per banking day, thus acquiring NEW MONEY WITH NO DEBT.

The Obama Administration’s decision to pursue the reprobate course represents a wilful refusal to conduct the affairs of the US Treasury in a responsible manner, representing TREASON against the American people and the Republic.

The ‘reason for the Treason’ is that it knows that there is a SOUND WAY TO PROCEED and has deliberately chosen the unsound route for unsound reasons, instead.

Since the Obama Administration’s unsound decision will gravely impair the prospects not only of the American people but of ‘the whole of humanity’, it represents effectively a DECLARATION of FINANCIAL WARFARE ON THE REST OF THE WORLD, WHICH IS TO BE FLOODED WITH ‘TRASHETS’.

‘We will do things OUR way’, even though WE KNOW that what we intend to do is irresponsible, reckless, economically illiterate, and is the financially unsound route to perdition:

AND THE WHITE HOUSE KNOWS IT.

• LATE NEWS: FREEDOM WATCH USA JUMPS ON OUR BANDWAGON
Although we have no brief at all for Larry Klayman, the agitprop group Freedom Watch USA that he runs out of Washington DC has expanded a class action lawsuit filed in US Federal Court in Los Angeles on behalf of shareholders in A.I.G. (American International Group) which has just been amended to include Treasury Secretary Geithner, former Treasury Secretary Henry M. Paulson and the former Chairman of the SEC Christopher Cox.

AIG shareholders have seen the value of their shares collapse by an estimated $214 billion. We must be sharply aware that this lawsuit may, like the lawuits referenced in our preceding report, represent a component of the CIA’s ‘collapsing’ operation, which is now in full gear, whereby all strands of the multi-faceted scandal are ‘collapsed’ into a welter of open-ended litigation, so that the underlying issues become sub judice and nothing ever gets resolved (on purpose). It’s the Bush/DVD CIA’s neat way of hiding their incessant thefts.

However some of the public comments made by this operator echo findings published in our reports, even though of course Klayman cites that Missouri Professor as his inspiration (without mentioning that the Missouri Professor Black ‘may have been’ jolted out of his serial academic daydreams by this service). Samples:

• ‘The American people, not the compromised ruling elite in Washintgon, DC, have begun a second American Revolution to take the country back from the con men on Wall Street and on Pennsylvania Avenue, who under successive Administrations played a central part in the meltdown of the US financial system and economy’.

• ‘The inspiration for this amendment was information disclosed by University of Missouri Professor William K. Black on the Bill Moyers’ Public Broadcasting Service television show last Friday, when he implicated these Government officials in a massive cover-up of the banking scandal, mostly for the benefit of Goldman Sachs, the former employer of both Paulson and Geithner, in which they held a significant financial interest’.

• FOR BACKGROUND, SEE OUR 2006-2007 Wantagate reports concerning Henry ‘Conflict-of-Interest’ M. Paulson Jr..

• ‘As for Cox, his reckless and intentionally impotent oversight at the SEC is the basis of the claim against him’ referenced above.

• ‘Freedom Watch will not rest [GOSH! Ed.] until justice is done and it won’t come from the Obama Administration, bent on deceiving the US taxpayer that it intends to clean up this corruption, all the while lining the pockets of its friends at A.I.G. with the Government bailout money, who gave handsomely to have their President elected’.

Remember, you read all about this HERE months and several years BEFORE these US operatives started getting in on the act. It has now, ALL OF A SUDDEN, since G-20, become ‘acceptable’ to start saying what this service has been proclaiming since 2006.

Nor is it appropriate for us to jump for joy at this development. This is because one of the more insidious techniques used by the Intelligence Power is to ‘take over’ issues, so that they can then be CONTROLLED. And given what we know about the character running this operation (which would sit very uncomfortably for him if published), this is likely to be the intention here. Another clue that this is not an objective operation, is that the sum of money being claimed is not that large, given that trillions of dollars have been systematically looted by these organised criminals who have hijacked the US Federal Government and the banks.

Nevertheless, at this early stage, it is appropriate to note that what you read on this website and in our printed publications first, is now belatedly ‘sort of’ MAINSTREAM.

• Very late in the day, of course, because these ‘professionally concerned’ operatives didn’t have either permission or the guts to expose this corruption earlier. Shame on them.

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

LEGAL TUTORIAL: The Steps of Common Fraud:

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

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

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

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

Step 3: Theft by Deception and Fraudulent Conveyance:

THEFT BY DECEPTION:

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

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

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

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

FRAUDULENT CONVEYANCE:

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

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

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

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

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

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

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

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

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

ADVERTISEMENT: INTERNET SECURITY SOLUTION

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

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

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

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

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

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

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

*VISTA: Virtual Instant Surveillance Tactical Application.

U.S. FRAUD SCHEME LAUNCHED MONDAY IN BIG TROUBLE

QUESTION: WHAT IS THE ‘PRICE’ OF FRAUDULENT ‘ASSETS’ THAT HAVE NO VALUE?

Thursday 26 March 2009 00:01

MISPLACED WALL STREET GLEE AT FRAUD AGAINST U.S. TAXPAYERS

MID-SEPTEMBER ‘LOCKDOWN’ RECONFIRMED AS MOMENT OF TRUTH

INTERNATIONAL CURRENCY REVIEW DECONSTRUCTION OF FRAUDULENT FINANCE

MERKEL ORDERED REVENGE MURDER OF BRITISH TROOPS IN NORTHERN IRELAND

REVIVING THE CARCASS OF THE EXPIRED DERIVATIVES SECTOR

OBAMA SIGNS LOMBARD ODIER DARIER HENTSCH UP FOR ROLLING TRADING PROGRAM

PERVERSE U.S. OFFICIAL STRATEGY DOOMED TO FAILURE

BEST INDEPENDENT FINANCIAL BRAINS AREN’T BUYING IT

GOVERNMENT ARRANGED FOR THE BANKS TO STIFF THE CHINESE

BANKS USE BASEL-II AND TARP AS THEIR PRETEXT FOR ILLEGAL SEIZURE

CORRUPT GOVERNMENT AND CORRUPT BANKS WORKING TOGETHER

SO, WHAT ARE THE CHINESE GOING TO DO ABOUT THIS CRISIS?

BRITISH AND CHINESE HAVE BEEN TOO POLITE FOR TOO LONG

CONGRESS CANNOT CHANGE BASEL-II RULES! THAT’S THE POINT

BANKS ‘BLACKMAILING’ GOVERNMENT: BY PRIOR AGREEMENT

TOP OFFICERS OF THE BIG BANKS SHOULD HAVE BEEN ARRESTED

HOW THE CHINESE REACT TO THIS U.S. SCAM IS WHAT MATTERS NOW

G-20 MEETING IN LONDON WILL BE A FLOP

CRIMINALISTS DON’T CARE ABOUT PONZI VICTIM SUICIDES

THE MAD INTENTION: TO MAKE THE ENTIRE FAKE DERIVATIVES SECTOR WHOLE AGAIN

IS THIS BEING DONE ON PURPOSE?

IT’S NOT ‘THE ECONOMY, STUPID’: ITS ‘THE DERIVATIVES, STUPID’

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

• We have just published: International Currency Review Volume 34, #2 on Systemic Fraudulent Finance and The Legalisation of Financial Corruption. Also just published are issues of our titles Economic Intelligence Review, London Currency Report, Interest Rate Service and Arab-Asian Affairs. For further details, please check the second white panel on the Home Page.

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

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

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

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

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

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

NEW REPORT STARTS HERE:

MISPLACED WALL STREET GLEE AT FRAUD AGAINST U.S. TAXPAYERS
On Monday 23rd March, as everyone knows, the Dow Jones Industrial Average soared by 6.8%, or 497.48 points, after details were released of how the Geithner Treasury proposes to relieve the criminal banks of the proceeds of their Fraudulent Finance operations, also known as ‘troubled assets’. TV screens were plastered with the unsavoury spectacle of brokers hugging each other, clasping hands and slapping each other on the back with joy.

Wall Street was ecstatic over the latest instalment of the gigantic fraud which the Obama-Biden-Geithner cabal have concocted to achieve the real objective of reigniting the derivatives trading carousel to inject value into worthless assets, lurking behind the public consumption objective of ‘freeing up the banks to start lending again’.

And, as usual, investors were jumping to knee-jerk conclusions, as was made clear by the crass reporting of this episode by The New York Times, which included comments such as the following attributed to T. Timothy Ryan Jr., President of the Securities and Financial Markets Association, who said the opposite of the truth of the matter:

‘For the first time in seven months, I can say they’ve done it right’.

MID-SEPTEMBER ‘LOCKDOWN’ RECONFIRMED AS MOMENT OF TRUTH
Before we continue, note the ‘seven months’ period mentioned here. Seven months takes us back to 10th-12th September 2008, when the $14.0 trillion of sovereign and HM The Queen’s LOAN funds were placed into ‘lockdown’ following the advice that we felt compelled to provide concerning the outrageous ongoing exploitation of The Queen’s LOAN money, which had been languishing within the Treasury Custodial Account network since it was sent over by the Bank of England on 19th-20th June 2007 to Bank of New York Mellon, whereupon the funds were hijacked for carousel financing purposes contrary to the instructions of the owner(s) of the funds.

The entire $14.0 trillion was finally removed from access by US parties altogether on 29th January 2009, after it had become clear that President B. Obama was in breach of the undertakings that he signed during his European trip last year, to effect the releases and proceed with the transparent Group of Seven-Approved Dollar private sector System Refunding Programme agreed upon by the G-7 financial powers in 2007 and 2008.

The Editor’s ‘exchange’ between Her Majesty The Queen and President Obama, published with the report dated 24th March 2009, summarises the present ‘state of play’ with respect to the proposal to proceed with the Refunding Programme independently of US Government intermeddling, from London. It is appended to this report as an Appendix for your convenience.

Mr Timothy Ryan Jr.’s reference to ‘seven months’ indicates what we know to be the case, namely that the ‘lockdown’ of the $14.0 trillion was the crucial factor that triggered the showdown.

It is also clear that because that happened, the White House, both under Bush II and Obama, are wilfully determined to ‘do it their way’ in accordance with the wishes of the money center banks – ‘their way’ involving the revalidation and revaluation of derivatives assets that are worth nothing because they are all NON-RECOURSE. This is clearly demonstrated, with the aid of charts, in the latest issue of International Currency Review [Volume 34, #2], which was mailed worldwide on 18th March 2009, just as the worst criminal event recorded to date in this crisis, apart from the stealing of The Queen’s gold, was about to ‘pop’ (see below).

INTERNATIONAL CURRENCY REVIEW DECONSTRUCTION OF FRAUDULENT FINANCE
To the extent that we have been able to clarify matters here, it is therefore a fact that every major government, institution and central bank in the world that matters has our deconstruction, in words and pictures, of the Fraudulent Finance Ponzi carousel – so that any attempt to smother reality is a complete impossibility. The issue’s theme is Systemic Fraudulent Finance and The Legalisation of Financial Corruption – which is exactly what the Geithner Treasury and the Obama White House are attempting to achieve. There is no change whatsoever from the previous Administration.

Now, the pack of hedge fund ‘big noises’ who have said they will ‘support’ the Geithner Fraudulent Finance Upgrade is headed by Bill Gross, of Pimco, which ‘works for’ George Bush Sr.’s criminal network, and therefore meets the requirements of the Nazi bank which stands behind this crisis – namely Deutsche Bank. It will be recalled that the German Chancellor, Angela Merkel, is bribed by Bush Sr. to protect his network’s assets within the German banking system.

MERKEL ORDERED REVENGE MURDER OF BRITISH TROOPS IN NORTHERN IRELAND
So it was no surprise to us when, all of a sudden a few weeks ago, a number of British troops in Northern Ireland were shot dead in cold blood at point-blank range. Why did this suddenly happen? Because, we are advised by UK intelligence sources, the German Chancellor, in deference to DVD, Dachau, gave the instructions for the Irish terrorist network, an instrument of long-range German Abwehr pressure against the United Kingdom, to be re-activated.

And why did Frau Merkel give these instructions?

Because the DVD and their associates inside Deutsche Bank had worked out that the events of 10th-12th September last year represented the gravest threat to the DVD’s operations and to its primary institution, Deutsche Bank, since the Second World War,

In parenthesis, it will be readily recalled that immediately after the 7/7 bombing of the London Underground and a bus in Central London, the order for which was given by the former French President Chirac on behalf of the Franco-German alliance, i.e. DVD, the Germans were told by a furious British Government (even though Tony Blair was totally compromised by both the Bush Crime Family and the European Union: see our report dated 12th October 2005: Archive) that if these terrorist acts, including the atrocities that were still ongoing in Northern Ireland, which unpenetrated components of UK intelligence knew were controlled ultimately by DVD, did not cease forthwith, Britain would initiate measures to exit from the European Union Collective.

Rather than risk facing the collapse of their long-range strategic deception entrapment operation calling itself the European Union, the Germans complied, and called off their controlled ‘assets’ in the Irish theatre. These were deliberately and provocatively reactivated by Chancellor Merkel the other day, in revenge for the deadly blow inflicted on the German hegemony project, by the events of 10th-12th September 2008 reported by this service.

REVIVING THE CARCASS OF THE EXPIRED DERIVATIVES SECTOR
Meanwhile the Obama-Geithner team are trying to rebuild the carcass of the exposed derivatives giga-pyramid-selling scam, despite the now deeply embedded and widely held knowledge that derivative so-called ‘Structured Products’ are worthless, and represent dead trash.

They are doing this by printing money and by creating debt out of thin air, while simultaneously operating a carousel platform which was triggered after the US Treasury found a foreign bank corrupt enough to agree to provide the foreign ‘wrap’ needed to reignite Fraudulent Finance trading under the radar, using monies that were ‘sequestered’ after the withdrawal of the $14.0 trillion on 29th January 2009, to form the basis for the secret trading operations which have been running for several weeks now at full tilt behind the scenes.

OBAMA SIGNS LOMBARD ODIER DARIER HENTSCH UP FOR ROLLING TRADING PROGRAM
The foreign bank was selected and signed up when President B. Obama arrived in Ottawa, Canada, on 19th February 2009, accompanied by the Chairman of his National Economic Council, Lawrence Summers, and the National Security Adviser, General Jim Jones. The visit, lasting seven hours, was Obama’s first trip abroad. A former US Ambassador to Canada, Gordon Griffin, made the following revealing statement about the visit:

‘There is an important “beyond Canada” component to this. Ottawa is providing a global platform’, he said. But he did not elaborate. Let us, therefore, elaborate in his stead.

The ‘important “beyond Canada”’ dimension’ referred obliquely to the signing of Lombard Odier Darier Hentsch, a very old Swiss bank, as the master counterparty for the hidden carousel trades that have been activated since shortly after that visit.

In other words, it took the Obama Administration just three weeks to find a corrupt foreign bank to do its dirty work – a display of wilful intent to engage in Fraudulent Finance on a gigantic scale (see below) in gross defiance of the Group of Seven, which had long since agreed the cost-free formula for reliquefying the US banks on-the-books – a formula which would cost the US Treasury and the taxpayer NOTHING because it would yield private sector TAXABLE REVENUE.

PERVERSE U.S. OFFICIAL STRATEGY DOOMED TO FAILURE
Instead of adopting this strategy, President Obama has knowingly adopted the perverse route to perdition, in deference to the blackmailing behaviour of the US banks: accordingly, since Obama is prepared to have the Federal Reserve lend untold volumes of fiat money creating Treasury debt in the background, he is deliberately and knowingly mortgaging the future of several generations of Americans, when he could have adopted the correct course and salvaged not only the American banking system, and economy, but the country’s battered reputation as a pariah state.

But he decided otherwise.

The Editor is perfectly well aware of allegations being made against the President of the United States, in all dimensions; but as a frequent visitor and friend of America, he considers that it would be unseemly for a ‘foreigner’ to engage in the polemical debate that is raging under that heading.

Furthermore, as a visitor, it is incumbent upon him to try to be polite about the Head of State, which is why he gave Mr Obama the ‘benefit of the doubt’ in the report dated 24th March 2009. It is not our job to enter into acrimonious internal debates that do not directly impinge upon the key vexatious INTERNATIONAL ISSUES that we have every right and a duty to our subscribers, to address. Some Americans who complained about the Editor’s ‘benefit of the doubt’ comment may have failed to take proper account of the Editor’s position here.

However given the grave INTERNATIONAL consequences of the doomed policies that President Obama is pursuing, we now have no hesitation, especially in the light of what transpired on Monday 23rd March – to be elaborated below – in stating that President Obama is engaged in Financial and Economic Fraud, not only against the American people, but against the Rest of the World, as well. We hope that this statement clarifies our position once and for all.

BEST INDEPENDENT FINANCIAL BRAINS AREN’T BUYING IT
Cutting a swathe through The New York Times’ coverage on Tuesday 24th March of the obscene outbreak of selfish euphoria on Wall Street on Monday, the following sober observations by Daniel Alpert, a Managing Director of the hedge fund Westwood Capital, stood out (in a secondary article):

‘We see another $1.5 to $2 trillion of as yet unrecognized losses from US assets still to hit global financial sector balance sheets and challenge its institutions. The near daily announcements over the past two weeks, by money center banks and finance companies, that they are making money this year on an operating income basis, have become borderline irresponsible, relative to the known continued deteriorations in value of the assets on their balance sheets and the continuing impact of a worsening recession’.

In other words, everyone’s under water: so what are they talking about?

Bearing in mind that the object of the White House exercise is FIRST OF ALL to reignite and re-start the derivatives carousel right across the board – an intention of extreme perversity, as we’ve explained – here is a deconstruction of events from 18th March 09 onwards, showing how ruthless these criminals are and why they can now be considered as dangerous as their evil predecessors.

Restarting the moribund (since 10th-12th September 2008) derivatives fraudulent money machine necessitates velocity of transactions once the pump has been primed: otherwise, in this carousel trading system, everything stalls. What the criminalist financiers NEED to reignite the system is LOADS OF NEW MONEY. This is why Geithner has come up with this scheme for new public-private partnerships, financed by fiat money generated by the Federal Reserve out of thin air but creating permanent real official debt on the other side of the balance sheet, so that the ‘private sector’ can provide the ‘new money’ that the criminalist financiers need to restart their giga-trading platform.

GOVERNMENT ARRANGED FOR THE BANKS TO STIFF THE CHINESE
We now understand that, as explained in the report dated 24th March, the Chinese parties were paid $13 trillion, between Wednesday 18th and Friday 20th March 2009, although given that the phrase ‘source of funds’ is strictly taboo now, neither we nor our sources are able to identify the complete provenance of this enormous volume of money – representing the ‘first instalment’ of the colossal sum that the Chinese are owed as explained in the preceding report.

But the Chinese parties then made the fatal mistake of agreeing to place some of these funds into a sort of ‘public-private partnership’ arrangement in the context of the latest Geithner wheeze which sent Wall Street investors into paroxysms of misplaced delight on 23rd March.

Guess what happened?

• The banks held onto the money. The banks would not release the funds repositioned with them by the Chinese parties, for the purpose for which the funds are intended. The US money center banks basically said: ‘We’re not paying anyone’.

BANKS USE BASEL-II AND TARP AS THEIR PRETEXT FOR ILLEGAL SEIZURE
Now the current Basel-II full disclosure regulations and the TARP legislation preclude the creating of non-securities such as derivatives ‘products’ for buy-sell trading operations by the new public-private partnership in which the Chinese parties were enticed to participate – thereby ‘enabling’ the banks to refuse to cooperate and to use this state of affairs as their excuse for holding onto the reinvested Chinese funds.

So, even as the Chinese parties were left understandably fuming and livid with anger at having AGAIN been defrauded by the crooks in the White House and the US Treasury, Timothy Geithner and Dr Ben Bernanke appeared before the House Banking Committee on Tuesday 24th March to ‘plead’ for changes in the banking regulations to permit ‘looser’ requirements – in other words, to ‘ask’ Congress to junk Basel-II (unspoken) so that the newly invested Chinese money could be legally deployed for the purpose intended by the Chinese after their arms had been twisted when they had demanded payment, or else they would exercise their lien over the Federal Reserve.

CORRUPT GOVERNMENT AND CORRUPT BANKS WORKING TOGETHER
Before we go any further, it needs to be understood that the criminal enterprise banks and the US Government ARE WORKING TOGETHER. This week, the big banks are the culprits. Last week, the authorities were the culprits. But now that it is the big BANKS who are illegally holding onto the Chinese money: after all, if it cannot legally (under Basel-II/TARP) be deployed for the derivatives trading purposes intended (which was a disastrous mistake on the part of the Chinese), the proper course of action for the banks would be to send the money back. But, being criminal enterprises, they have of course held onto it instead. Which was the whole purpose of the exercise.

Because the Government and the banks work together, the US authorities twisted the arms of the Chinese and persuaded them to participate in transactions KNOWING THEM TO BE ILLEGAL. To go through the motions of appearing to be ‘kosher’, Geithner and Bernanke appeared the next day before the House Banking Committee to ask the US Congress to ‘loosen the regs’ so that inter alia (unspoken, as indicated above) the Chinese derivatives trades can go ahead in the context of the latest instalment of the Geithner shambles. All very clever, very cynical, ruthless, and criminal.

SO, WHAT ARE THE CHINESE GOING TO DO ABOUT THIS CRISIS?
The central issue arising from this deplorable state of affairs can therefore be summarised in the form of the following questions:

• What are the Chinese parties intending to do, given that they have yet again been double-crossed by the US authorities but cannot blame the US authorities directly because the problem has ‘arisen within the banks’?

• And how long will the Chinese parties give the Americans before they take drastic action, as is their right, to obtain satisfaction following this latest display of outrageous criminal US official and commercial banking behaviour?

BRITISH AND CHINESE HAVE BEEN TOO POLITE FOR TOO LONG
If this Editor may now be permitted to indulge here in unsolicited advice, both the Chinese and the British parties have, in our view, been far too accommodating all along, as this crisis has expanded. The British are too accommodating because at the highest levels, business is still conducted on the basis of gentlemanly exchanges, and everyone is TOO POLITE.

• When dealing with gangsters, politeness is taken for weakness, which is why the British, too, have been repeatedly taken to the cleaners by these crooks.

The Chinese, too, are extremely polite: we know this from the impeccable manners and behaviour towards us of the Chinese Government subscribers to our printed publications. It is not for us to advise (but we hereby do so!) that when dealing with the organized criminal gangsters who have long since usurped power in the United States, politeness is a waste of time. It has its place at the beginning of a conversation: but the deceived and double-crossed Chinese parties need not now adhere to traditional, civilised cultural values when the magnitude of the crimes committed against them is known by both sides. On the contrary, a much harder line, and a willingness to adopt harsh countermeasures, is indispensable. These crooks have their weak spots, and the Chinese parties have more than enough intellectual resources to analyse their mentality correctly.

CONGRESS CANNOT CHANGE BASEL-II RULES! THAT’S THE POINT
Now it stands to reason that if the House Banking Committee were to have agreed to implement regulatory changes that fly in the face of Basel-II rules, any such changes, if agreed upon, would take weeks or months to travel through Congress. But the Committee could hardly consider any such departure. So what is the net result?

The banks get to keep a sizeable proportion of the Chinese trillions, which, you won’t be surprised to hear, they will be trading inside the Lombard Odier Darier Hentsch-wrapped derivatives carousel that was started up with the direct approval and very probably under the SIGNATURE of President Barack Hussein Obama – who, along with his Vice President Joseph Biden, has been talking up the Geithner Fraudulent Finance proposals that caused such an outbreak of unfettered joy on Wall Street. Which is another way of saying that President Barack Obama, Mr Timothy Geithner, Dr Ben Bernanke and Vice President Joe Biden, are co-conspirators in massive frauds.

Because in respect of the refusal of the banks to release the Chinese money that they have now effectively stolen, these operatives aided and abetted this latest outrageous theft, and it is clear from Obama’s visit to Canada, where he signed up Lombard Odier Darier Hentsch, that they knew precisely what they were doing all along.

BANKS ‘BLACKMAILING’ GOVERNMENT: BY PRIOR AGREEMENT
There is another way of looking at this – namely, that the banks are effectively BLACKMAILING the US Administration in accordance with the following equation:

• Get the regulations (Basel-II) loosened, and then we’ll think about releasing the Chinese monies. Unspoken: We may or may not also think about releasing other monies, especially $3.0 trillion to a US paymaster, that we were supposed to have released on 23rd March but conveniently managed to avoid doing. Also unspoken: We’ll do what we think is best for us and no-one else.

Because of course on Monday 23rd March, when payouts were widely expected, NOBODY WAS PAID because the banks kept all the money. The banks are holding a gun to the White House.

But on the other hand, the White House is quite content with this state of affairs because although that’s the way it looks, in reality the White House and the US Treasury are in cahoots with the banks because the primary object of everything Obama is doing is to reignite the derivatives carousel, which is the very opposite policy he should be pursuing.

TOP OFFICERS OF THE BIG BANKS SHOULD HAVE BEEN ARRESTED
The official response to the US money center banks’ seizure of the Chinese and other funds should have been to arrest all the senior officers of all the banks in question, and to do so in front of the TV cameras. Instead of which, co-conspirator Mr Timothy Geithner and co-conspirator Dr. Bernanke, against whom papers were served some time ago, appeared before the House Banking Committee to ask Congress’s assistance in making it possible for the banks to ‘enable the Chinese funds to be put to the use for which they were intended’. (Not really).

Except that, having got their fingers burned yet again, the Chinese parties should surely have decided by now that there is no way they will participate in ANY further US dollar transactions whatsoever – which may be why JPMorganChase has announced that it is disposing of certain shares in ICB, a Chinese institution (code for: the Chinese told them to get out of their laundry).

If we boil all this down further, we can see not only that:

• This operation against the Chinese was a deliberate dialectical operation coordinated between the Obama-Geithner team and the money center banks;

but also that:

• The banks have annexed a great deal of Chinese (and other) money that they will now be trading illegally, while at the same time they are anticipating a ‘get out of jail free card’ for their ‘virtuous’ behaviour in being ‘unable’ to release the Chinese funds for buy-sell fraudulent derivatives trade operations because to engage in such derivatives transactions (which they do all the time anyway) under Basel-II rules, would be fraud, commanding substantial jail sentences.

Geithner is a co-conspirator and a fraudster in appearing before Congress to try to get it to agree to changing the law, knowing full well that the Congress will have great difficulty conceding that it should water down Basel-II – not least because if that were to happen, all foreign banks would be precluded from dealing with the US banks under the Bank for International Settlements-brokered arrangements. Therefore, the appearance before the House Banking Committee of Geithner and Bernanke to argue for changes which Congress cannot in all ‘conscience’ (sic) possibly deliver, represented in itself a fraudulent charade.

HOW THE CHINESE REACT TO THIS U.S. SCAM IS WHAT MATTERS NOW
As we understood the situation on 25th March, the Chinese parties appear not yet to have decided how to react to this latest American official provocation. However there seems every prospect that if this hideous logjam is not broken, the Chinese will recall all debts from the dollar system. They are also talking in public about the dollar being replaced by a new international currency based on the International Monetary Fund’s Special Drawing Right (SDR) composite unit – something that cannot possibly be agreed overnight, and will take a long time to come to fruition, if it ever does. But open Chinese official talk along these lines is intended to raise the temperature of the ‘debate’,

Once again, diplomatic behaviour seems quite out of place here. It would be preferable for the Chinese to publicise what has been going on. The Editor cannot see why the power of genuine publicity cannot be put to good use in intergovernmental relations.

Instead of fighting these swine behind diplomatic cover stories such as the tensions in the South China Sea, why not go public with the necessary criminal information?

In the unlikely event of this further unsolicited advice being taken, the proper course of action must be to publicise precise details of the relevant aborted transactions (dates, precise times, references and so on) so that nothing can be challenged.

Given the extreme gravity of these abominations, publicising them might do more to bring these American official crooks and criminal banking enterprises to their senses (if they have any) than any other course the Chinese could take.

G-20 MEETING IN LONDON WILL BE A FLOP
By extension, we can now safely predict that the next conference on the calendar, the Group of 20 meeting in the London area, will be a bitter flop. The wronged Chinese parties have no incentive left to assist these US criminals out of the mess they have willfully expanded under President B. Obama. And here’s another point to bear in mind.

These crooks are only too delighted when observers such as the Editor of this service focus, for instance, on the Madoff scandal, the Stanford dimension, or the Friehling indictment.

Why? Because these developments represent, for these criminal operatives, something called COLLATERAL DAMAGE. They couldn’t care less about Madoff or his victims, or about Stanford ditto (although they took good care to murder Stanford’s sole accountant on 1st January 2009, the day after his contract with Stanford expired). So, while we are publishing reports about these PAST Fraudulent Finance operations, the criminalists in power and in the criminal banks are well away with their new Fraudulent Finance operations.

CRIMINALISTS DON’T CARE ABOUT PONZI VICTIM SUICIDES
The other day the Editor received yet another email from one of the 320,000 Ponzi victims, asking whether, in the Editor’s opinion, the money ‘due’ on the ‘humanitarian’ or ‘prosperity’ programs would ever be paid. In the first place, this is an unfair question: it is not the Editor’s responsibility to offer ‘opinions’ on other people’s problems (although the Editor does know the true answer to that question). But more to the point, the correspondent reminded the Editor of what he already knows – that many Ponzi victims have committed suicide, died in despair, suffered family breakdowns or other traumas as a direct consequence of the despicable behaviour of these criminals, who appear to have stolen ALL their money – consistently with the classic Ponzi scamming model. We started explaining this in the first quarter of 2007, long before the word Ponzi became almost as common as deleted expletives following the Madoff explosion: but the affected victims didn’t want to know.

But the point here is this: do these unspeakable criminals care a fig about the fact that an unknown number of these unfortunate people have committed suicide or died in despair?

Need we stress that the criminal operatives, having their consciences seared through with a hot iron, are completely indifferent to the suffering they have caused? True Christians know that these people will perish in hell for eternity – a fact that many of the perpetrators themselves also know full well, which is one reason why, psychologically, the fools think they have nothing left to lose by carrying on with their corrupt ‘business as usual’.

THE MAD INTENTION: TO MAKE THE ENTIRE DERIVATIVES SECTOR WHOLE AGAIN
With the Lombard Odier-wrapped illicit derivatives trading programme in full swing and being showered with what ‘new money’ the crooks have been able to generate and steal, the criminal official intention is to rebuild the broken derivatives sector, with the assistance of ‘bought and paid for’ corrupt hedge fund operators and money managers (not all of whom are professional sheisters obviously), and to keep the carousel going and building, fed with new money filched from gullible investors, whether borrowed on permissive terms from the Federal Reserve or not, with a view to making the entire derivatives mountain of around $700 trillion (excluding double-counting) ‘whole’ – notwithstanding the reality that hardly any of these derivatives ‘Structured Products’ contain ANY real value at all, since almost all of them are NON-RECOURSE.

This is all explained in the latest issue of International Currency Review, and also in Economic Intelligence Review [see second white panel], as well as in the four-page leaflet containing the three main charts which is being distributed in Washington, DC, and elsewhere.

All that our latest subscriber printed materials do is to point out the stark reality of the fact that these false constructs (derivatives) are by definition totally fraudulent and devoid of value, so that retrospective attempts sponsored by the demented US Government to pass off that they contain value represents a massive, unprecedented fraud on the US taxpayer and future generations of Americans, while at the same time:

• Guaranteeing the accumulation of new mountains of debt arising from the Federal Reserve’s outrageous lending for speculative purposes; and:

• Guaranteeing a hyperinflation. Pundits are now suggesting that this phenomenon will emerge in several years’ time. The Editor’s view is that the choices made by the new bunch of fantasists in charge in Washington are so extreme, So damaging, so wrong-headed and so destabilising, that the hyperinflationary pressures will become apparent much sooner than that – WITHOUT delivering any ‘beneficial’ impact to the ‘real’ economy in the interim.

IS THIS BEING DONE ON PURPOSE?
The decisions made since Obama took office are SO perverse that one is tempted to join those who insist that this is all being done on purpose. The correct answer to such empty speculation is that we don’t know whether this is the case or not.

On the basis of the Christian knowledge that the devil is the author of all lies and confusion, the Editor’s view is that these operatives are wallowing in devilish confusion and have fallen prey to diversionary, self-defeating, complex, elaborate ‘whizz-kid’, knee-jerk ‘solutions’ in a desperate bid to ‘resolve’ the colossal problem created by the corrupted money center banks themselves, which were indulging, until mid-September 2008, in unproductive, illicit, off-balance sheet speculative activity on a scale with no historical precedent.

That suggests that if it had not been for such wasteful,unproductive, untaxed, off-balance sheet speculation, many of the banks in question would be surplus to requirements.

According to Story’s First Law, ‘all organisations are run for the benefit of those who are running the organisation’. This, of course, explains why, deprived of the toys that they were playing with, the banks went on strike and have been hoarding and stealing funds ever since – precisely with a view to restarting the speculative, win-win Ponzi Fraudulent Finance that they were wallowing in prior to mid-September 2008, instead of focusing primarily on lubricating the real economy.

BANKS SUPERFLUOUS TO REQUIREMENTS
The smarter solution would have been to allow more than just Lehman Brothers to go to the wall. Wall Street, where the wall is, is supposed to believe in free markets, with no participant being subsidised at the expense of other participants. The new, decadent, twist is that all the relevant participants can have their corporate snouts in the trough, and to hell with the hyperinflationary consequences. The Wall Street institutions and the satellite hedge funds and other intermediaries, along with the banks, are all being subsidized AT THE EXPENSE OF THE REAL ECONOMY.

• It’s called a banker’s ramp.

IT’S NOT ‘THE ECONOMY, STUPID’: ITS ‘THE DERIVATIVES, STUPID’
And to cover all this up, the United States is now governed by a man who takes his cue from Fidel Castro and President Chavez. He thinks his gift of the gab can be relied upon somehow to save him from the devastating and very rapidly approaching adverse consequences of his perverse, wrong-headed decisions, which are holding up the recovery of the Rest of the World.

And he is using this gift of the gab to LIE to the American people that this is all about reviving the real economy, when it isn’t. It’s all about reviving the fraudulent derivatives sector carousel.

AND NOTHING ELSE.

• CMKM UPDATE:
The previously reported theft of the $12.8 billion was orchestrated to achieve three objectives at the same time:

• To dissolve the multi-billion dollar claims and Court Order related to CMKM et al, and to make it clear that the CMKM Attorney(s) have signed the appropriate documentation to secure the funds held at the Depositary Trust Clearing Corporation under Court Order, and STEAL THE MONEY.

• To satisfy the ‘Payee’ et al, by authorising and signing a Presidential Executive Order (15th January 2009) – thereby circumventing public disclosure (and possible physical threat when George W. Bush was no longer President of the United States) and STEAL THE MONEY.

• To STEAL the $12.8 billion via Presidential Order/Court Claim – and funds sitting under the control of the DTCC – with the intent to send the money to Carlyle et al., without any repercussions – via Bank of America, Tyler, Texas, and then to Canada.

• LORD MYNERS UPDATE:
Some time ago we reported that Lord Myners, the City (of London) Minister in the Gordon Brown Government, had publicly suggested that City bankers engaged in Fraudulent Finance should be prosecuted. We then received a prompt message to the effect that ‘they’ would be grateful if we did not ‘go on about this’. There was no explanation, as usual.

It has since emerged that Lord Myners, who was selected to head up the British Government’s investigation into tax havens, chaired a hedge fund group operating through Jersey, Channel Islands. Jersey is used by fund managers to keep profits offshore so as to avoid British tax.

Before becoming a Government Minister, Lord Myners was appointed to head a company that took over Liberty Ermitage Jersey, controlling investments worth about $2.0 billion. Myners made his fortune with Gartmore, a prominent City fund management outfit, the Jersey, C.I., offshoot of which handled millions of pounds for more than 4,100 overseas investors.

Lord Myners was also involved with Aspen Re, a reinsurance firm located in Bermuda, thereby saving large sums in tax annually. A UK Treasury spokesman said on 23rd March:

‘All of his past business roles are a matter of public record and he has made a full declaration of the interests. The experience he brings continues to be hugely valuable to the Government at a time when we are working to restore and rebuild the banking sector’.

In other words, the British Government is relying, in part, on the toxic experience of a hedge fund manager, familiar with the Fraudulent Finance sector of course, to advise them on how to REBUILD the banking sector which has been devastated by its indulgence in Fraudulent Finance.

Maybe when he called for British bankers who have been engaged in Fraudulent Finance to be prosecuted, he was going too far for the likes of certain interests. It is normally the case that these people reinvent themselves as ‘whiter than white’ (‘Blankfeinism’), but it would appear that Lord Myners’ linen might not necessarily emerge gleaming white from the wash.

APPENDIX ONE:
Observations from The New York Times on the latest instalment of ‘Geithnerism’ [25th March 2009]:

• Can banks that received Government bailouts use taxpayer money to bid on toxic assets, in the hope of making a profit? [Correct answer: NO – Ed.].

• Can banks sell some assets and then use the proceeds, leveraged by generous Government financing, to buy more of the same? [Correct answer: NO – Ed.].

• Might investment houses be tempted to overpay, if doing this buoys up the value of their own investments? [TARP provides for an Oversight Review Committee with clawback powers to compel restitution if too much is paid. This explains why Goldman Sachs is rushing to pay back the billions it received from the Government so that it is not bound by the TARP restrictions. No-one is asking about ‘source of funds’: whence the Goldman billions for repaying the Government? – Ed.].

• In the end, it will be the taxpayer who will be largely footing the bill.
[Not ‘in the end’: straight away – Ed.].

• Joseph E. Stiglitz, a Nobel Prize-winning economist, in an interview with Reuters, called the program “very badly flawed” and said it offered “perverse incentives” that amounted to “robbery of the American people”. [Couldn’t have said it better ourselves – Ed.].

• Bert Ely, a prominent banking consultant, said investors would be cautious because many crucial details were still missing – the size and terms of loans they would receive from the Federal Deposit Insurance Corporation, for example, and the amount of equity they would be allowed to put in, and whether banks would be allowed to walk away if they did not like the price at auction. “Today we know a lot more than we did yesterday, right?” Mr Ely said. “I’m being facetious!”.

• Many questioned the auction mechanism to sell toxic assets off from banks’ balance sheets. Price, most experts agree, is the biggest sticking point. The banks want to sell high. Potential investors want to buy low. [There is STILL no indication of how the fake ‘assets’ that are to be bought initially, will be priced – Ed.].

• Banking executives said that that their institutions would not want to unload ‘assets’ at fire-sale prices, a step that would compel many of the banks to raise sizeable amounts of additional capital. [Even though ‘fire-sale’ prices would be much too expensive given that the assets are fraudulent to begin with and therefore worth $0. $0 + $0 = $0, usually – Ed.].

• Under the accounting rules, banks must carry securities on their books at market prices. Most financial firms have already marked down these ‘assets’ to prices that might be low enough to lure buyers. But banks need not carry ordinary loans at market value. Instead, they are allowed to hold them at their higher values until they are repaid. So, for many commercial banks, selling loans now, at distressed prices would almost certainly lead to large losses. Such losses might raise questions about how some banks will fare in a so-called stress test that Federal regulators are in the process of applying to about 20 lenders.

“I don’t see how they are going to get the banks to sell”, said an executive at a large bank.
There are going to be substantial write-downs taken to get them off the books”.
[In other words, ‘Geithnerism’ CHANGES NOTHING. It doesn’t ‘amend reality’].

INTENTION HAD BEEN TO GET STARTED WITH CHINESE MONEY
After the Chinese parties had made the grave mistake of caving in to cynical pressure from the US authorities to participate in the latest instalment of ‘Geithnerism’, the Chinese would presumably have indicated their willingness for some of their funds to be used to purchase ‘toxic’ assets. The banks would have said: ‘But at what price?’ The Chinese would have responded: ‘Well if you don’t know the start-up buying price, we want our money back’. At which point the banks said: NO WAY.

APPENDIX TWO [excerpted from the report dated 24th March 2009]:
FACE-TO-FACE EXCHANGE BETWEEN PRESIDENT OBAMA AND THE QUEEN

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

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

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

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

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

PO: I don’t know M’am. I imagine not.

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

PO: I am, M’am.

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

PO: Not entirely, Your Majesty. Please explain.

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

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

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

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

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

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

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

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

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

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

LEGAL TUTORIAL: The Steps of Common Fraud:

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

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

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

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

Step 3: Theft by Deception and Fraudulent Conveyance:

THEFT BY DECEPTION:

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

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

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

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

FRAUDULENT CONVEYANCE:

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

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

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

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

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

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

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

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

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

ADVERTISEMENT: INTERNET SECURITY SOLUTION

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

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

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

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

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

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

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

*VISTA: Virtual Instant Surveillance Tactical Application.

WHEELS COMING OFF WHITE HOUSE CORRUPTION ENGINE

PERVERSE OPERATION TO ‘REIGNITE’ FRAUDULENT FINANCE IS FALLING APART

Tuesday 24 March 2009 03:00

THE LATEST MISGUIDED, WRONG-HEADED GEITHNER PLAN

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

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

NO TAKERS FOR ‘GEITHNERS’

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

TALF SUPPOSEDLY ‘TO REIGNITE THE SECURITIZATION MARKETS’: RIGHT

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

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

THE PRIMARY MOTIVE UNDERLYING THE RECKLESS BAILOUTS

REPORT THAT PAPERS WERE SERVED ON DR BEN BERNANKE

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

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

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

A CRIMINAL GOVERNMENT OPERATING ON DURKHEIM PRINCIPLES

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

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

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

MADOFF ACCOUNTANT FRIEHLING ARRESTED: SECURITIES FRAUD

DOUBLE STANDARD FOR MUNICIPAL ISSUERS

SLOW AND PAINFUL PROGRESS IN ‘TAKING DOWN’ THE OCTOPUS

STANFORD OPERATIONS AND THE OCTOPUS

STANFORD ‘TOOK OVER’ FROM NORIEGA AGAINST WHOM LEHDER TESTIFIED

EFFICIENT TEUTONIC ORGANISER OF THE MEDELLIN CARTEL FOR BUSH/CIA

CATALOGUE OF VIOLENCE UNLEASHED BY LEHDER

LEHDER EXFILTRATED TO GERMANY UNDER CORRUPT 2000 ELECTION PAYOFF DEAL

STANFORD LINKS TO FUND RUN BY BIDEN FAMILY MEMBERS

OTHER BIDEN BACKGROUND SCANDALS

BIDEN ATTEMPT TO SET US UP/USE THIS SERVICE

CHINESE REPORTED TO HAVE OBTAINED LIEN ON FEDERAL RESERVE

KISSINGER AND BAKER RETURN FROM MOSCOW ‘WITH GORBACHEV’

SECRET MEETING BETWEEN OBAMA, BIDEN AND GORBACHEV

BRITISH-AMERICAN RELATIONS AT AN ALL-TIME LOW

BELATED WHITE HOUSE SECOND THOUGHTS GIVEN THE IMMINENT MEETING WITH QUEEN

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

POSTSCRIPT; WHITE HOUSE SCURRIES TO MEND THE RIFT

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

• We have just published: International Currency Review Volume 34, #2 on Systemic Fraudulent Finance and The Legalisation of Financial Corruption. Also just published are issues of our titles Economic Intelligence Review, London Currency Report, Interest Rate Service and Arab-Asian Affairs. For further details, please check the second white panel on the Home Page.

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

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

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

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

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

NEW REPORT STARTS HERE:

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

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

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

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

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

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

Uh, as The New York Times pointed out:

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

Right.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The Wall Street Journal analysis elaborated:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

• This is TREASON.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Congressman Daniel Burton did NOT say:

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

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

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

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

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

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

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

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

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

• CONTROL drug-trafficking worldwide.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The following information is therefore reported as received:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

PO: I don’t know M’am. I imagine not.

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

PO: I am, M’am.

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

PO: Not entirely, Your Majesty. Please explain.

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

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

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

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

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

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

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

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

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

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

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

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

The British newspaper continued:

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

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

For ‘mistake’, read ‘calculated insult’.

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

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

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

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

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

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

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

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

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

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

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

LEGAL TUTORIAL: The Steps of Common Fraud:

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

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

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

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

Step 3: Theft by Deception and Fraudulent Conveyance:

THEFT BY DECEPTION:

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

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

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

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

FRAUDULENT CONVEYANCE:

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

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

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

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

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

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

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

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

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

ADVERTISEMENT: INTERNET SECURITY SOLUTION

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

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

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

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

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

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

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

*VISTA: Virtual Instant Surveillance Tactical Application.

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

WHITE HOUSE ATTEMPTS TO GET US TO BLAME PREVIOUS ADMINISTRATION

Monday 9 March 2009 16:00

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

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

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

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

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

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

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

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

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

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

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

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

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

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

• NEW REPORT STARTS HERE:

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

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

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

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

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

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

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

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

• Diplomacy, and all that.

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

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

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

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

• Next point:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

LEGAL TUTORIAL: The Steps of Common Fraud:

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

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

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

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

Step 3: Theft by Deception and Fraudulent Conveyance:

THEFT BY DECEPTION:

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

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

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

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

FRAUDULENT CONVEYANCE:

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

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

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

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

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

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

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

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

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

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.

WHITE HOUSE ORDERS CONTACT WITH STORY TO CEASE

U.S. OFFICIALS ASK FOR A ‘TRUCE’, THEN LIE THAT WANTA HAS BEEN PAID

Saturday 8 December 2007 13:56

UPDATE, 9.20PM UK TIME, 8TH DECEMBER:
Ambassador Wanta’s $4.5 trillion is being exploited to bring the 90% of American banks that are not compliant with the on-balance sheet requirements of Basel II, into ‘compliance’. But since the base of the funds, and those derived from off the top of them, are stolen from Lee Wanta, this exercise is futile. The US banks cannot be brought into ‘Basel II compliance’ using stolen money: SEE BELOW.

BIBLICAL UPDATE, 10TH DECEMBER:
Since the Editor has been ‘got at’ by a few Luciferians who take exception to Biblical references in these reports, the following passage from Isaiah is appended by way of reposte to such people:

‘Because ye have said, we have made a covenant with death, and with hell are we in agreement: when the overflowing scourge shall pass through, it shall not come unto us: for we have made lies our refuge, and under falsehood have we hid ourselves’. Isaiah, Chapter 28, verse 15.

COUNTRIES LIED TO BY WHITE HOUSE THAT WANTA’S FUNDS HAD BEEN REMITTED

GOVERNMENTS SHOCKED WHEN AMBASSADOR WANTA INFORMED THEM IT’S NOT TRUE

HOUSTON BUSH BAGMAN SPENDS HOURS AT BANK DISPENSING $2 TRILLION IN BRIBES

DALLAS TEAM ‘COINCIDENTALLY’ SENT OVER TO LONDON FOR ‘INTERVIEW’ WITH EDITOR

RECKLESS ATTEMPT TO GET U.S. BANKS ‘BASEL II-COMPLIANT’ WITH STOLEN MONEY

‘But thus saith the Lord, Even the captives of the mighty shall be taken away, and the prey of the terrible shall be delivered: for I will contend with him that contendeth with thee, and I will save thy children’. Isaiah, Chapter 49, verse 25.

For recent background, please see the Wantagate reports from November onwards: Archive.
For ‘verification’ background, start with the ‘Wisconsingate’ report dated 6th August 2007.

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.

• The Editor is extremely grateful to the generous Americans and others who have so thoughtfully contributed funds to assist us with these exposures. He has now written to everyone around the world who had contributed by 27th November 2007, to thank them for their generosity.

• Emails addressed to us which lack coordinates identifying the sender will be trashed unread. The Editor publishes all his coordinates, as has always been the case, as he has nothing to hide. Others should do the same. Also, we trash any emails unread that are not ‘on message’.

• It would be appreciated if webmasters would refrain from lifting our material without proper adequate attribution. Manifestly, the material may be used with attribution, but any other use is illegal and unethical. We also protest at people picking at our original research and posted reports, and crediting themselves rather than the Editor/this website.

Such behaviour is particularly prevalent in the United States, where lies are a way of life with some people, and is an example of the kind of dishonesty that we are exposing in these reports.

WHITE HOUSE ORDERS CONTACT WITH THE EDITOR TO BE CLOSED DOWN
Following the posting of our last report on 2nd December 2007, Ambassador Wanta was telephoned by the White House and was requested to cease his communications with Christopher Story, the Editor of International Currency Review, for 48 hours.

At 2.14pm on the same day, Michael C. Cottrell, M.S., the Executive Vice President and Treasurer of the Ambassador’s Commonwealth of Virginia-based corporation, AmeriTrust Groupe, Inc, received a similar instruction from the White House.

He was officially told not to provide any further information to Christopher Story, whom the White House specifically named, for a period of 48 Hours.

There were, as usual, several people ‘present’ on the telephone line during these calls. The White House party elaborated that payment of Ambassador Wanta’s (stolen and diverted) $4.5 trillion had been made to the Morgan Stanley securities account of AmeriTrust Groupe, Inc, within Citibank at 399 Park Avenue.

The pattern in the past has been that whenever the Principals have been ‘asked’ to be silent, the criminal operatives who are holding the whole world to ransom gain time and proceed with a new phase of their scamming and deception operations.

PRINCIPALS AGREED TO ABIDE BRIEFLY BY THESE INSTRUCTIONS
On the basis of these telephone instructions, the diplomatic Principals, wishing as always to be helpful, duly complied, and Mr Michael Cottrell then informed the Editor that he would not be providing further information for two days. Depending on how this period was computed, the 48 hours expired at the end of Tuesday 4th December. Of course, no payment had been made.

TEAM SENT OVER FROM DALLAS FOR ‘CONSULTATIONS’
On Monday 3rd December, a Dallas-based subscriber faxed the Editor to advise him that he and a senior colleague would like an interview with the Editor in London. The necessary arrangements were made for the paid consultation to take place on Monday 10th December, but were cancelled by the Editor on 7th December, on the advice of informed parties who are rather anxious about the Editor’s security. Whether the Texan subscriber and his colleague were acting for certain parties or not, the timing of this intervention was now considered to be ‘too coincidental’ (in the light of what follows, below) for any such contact to be risked, although the Editor is not concerned about his own personal security, for many ‘special’ reasons.

During this interlude, the Editor was informed that what we published in the preceding report hit so many raw nerves that it provoked all sorts of worldwide reactions, in addition to the two telephone calls from the White House specifically instructing the Principals to suspend communications with this Editor for two days – including insolent suggestions (from a money man called Mr John Wood, based in London: see also below) as to how the Editor of this service should structure his reports, and what should be published in them. John Wood evidently took particular objection to the author mentioning Lucifer, a.k.a. the Devil, presumably on the basis that the truth hurts.

Having received a verbal slap from the Editor, this fellow then took it upon himself to attempt to ingratiate himself by telephone with Mr Cottrell, calling him four times, and expressing contrition for his rudeness to the Editor of this service. For his part, the Editor informed Michael Cottrell that on all previous occasions when we had complied with such ‘official’ requests, the Ambassador had been double-crossed, so why should this instance be any different.

It duly turned out to be no different at all.

NOTHING THAT WE PUBLISHED IS DISPUTED BY THE WHITE HOUSE
Of greater interest was the fact that the White House did not dispute a single statement or fact contained in the preceding report (2nd December): all that the White House officials wanted was that communications should be suspended for 48 hours, so that the payment could be made quietly, without any fanfare. By failing to contest a single thing that we had published, the White House confirmed its accuracy.

Naturally, the Editor did not believe that the payment would be made during this period, and assumed that the White House was engaged in a deception: and so it proved. Nothing that any official in the Bush Administration says can be believed.

This is a Government which operates on the basis the fuzzy ‘anomie’ environment explained by Emile Dirkheim (1858-1917) in which criminality is the norm, and any deviation from criminality is regarded as aberrant, irresponsible and crass.

As noted, nothing that we published in the report was actually challenged by the White House, for the usual straightforward, simple reason that it was and is all true – including the entire geopolitical analysis fingering Deutsche Verteidigungs Dienst (DVD), Dachau-Munich, as the primary source of the United States’ terminal disease.

DVD, the guardian of the Nazi continuum’s long-range global hegemony strategy, reports to Chancellor Angela Merkel, the former Secretary for Agitation and Propaganda in the Communist Youth Wing of the East German Communist Party at Karl Marx University.

ALL THEY WANTED WAS TIME TO ELABORATE NEW LIES AND SCAMS
The White House had no quarrel with any of this at all, not even with the Editor’s summary of the revolutionary political dialectic – by extension: Thesis, controlled US Republican Party; Antithesis, controlled Democratic Party; Synthesis, control by the manipulators (currently the ‘Box Gang’ proxy for the World Revolution controllers). All it wanted was to shut down communications between the Principals and the Editor of this service for two days, because we were being too effective, making too many waves in quick succession, and thereby depriving the criminal operatives of ‘space’ in which to work out how to counteract what we say through their anonymous disinformation agents, and how to continue with the criminal financial fraud that the Bush II White House and its criminalist financial associates have made their speciality.

Story was going too fast for them. Would he please give them a little time to catch their breath so that they could work out how to scam the Ambassador, the US taxpayer, the American people, the country payees and the Tier 1-10 recipients anew, while escalating their bribery of key Members of Congress, Justices, etc, using Wanta’s stolen funds as source. Seven or eight key Legislators were causing a problem by increasing their demands for financial compensation as the price for going along with the White House’s open-ended criminality and the ongoing high-level US free-for-all financial ransacking operation.

THE INTERVENTION OF THE OIL AND BAGMAN FROM HOUSTON
President George W. Bush has a Houston-based bagman. He is a prominent, powerful and corrupt Texas oil tycoon, whose identity is of course known. Bush’s bagman steps into the picture every time the Ambassador is about to be paid, and aborts the Settlement.

On 7th December, this Houston-based Bush oil and bagman spent many hours at either a branch of Citibank or a correspondent institution, taking corrupt payments creamed off from all the illegal proceeds of hidden transactions driven off the back of the Ambassador’s $4.5 trillion, for onward remittance to various prominent US domestic and international politicians (= BRIBES), including Senator Hillary Rodinski Clinton (1), who is up to her neck in the current epidemic of financial giga-sleaze, as before. This Texan bagman was involved, too, in the filching of that $48 billion that Vice President Cheney stole from his pal President George W. Bush himself some while back, and which Bush only discovered that Cheney had stolen some days later.

There is of course nothing that a gangster hates more than being shafted by his own top lieutenant, even though that is what he routinely does to everyone else.

Following the expiry, without any payment having been made, of the 48-hour period at the end of Tuesday, the Editor enquired as to exactly why it had been thought that the now defunct exposure moratorium could have been assumed to be likely to diverge in any way from previous Wantagate deception episodes.

COUNTRY PAYEES LIED TO THAT WANTA HAD BEEN PAID
Apparently the only difference was that the White House had specifically instructed the Principals to cease communication with this Editor, by name. As the moratorium continued in subsequent days, the Editor had to rub home the point that every time such undertakings are given by the Principals, the high-level financial fraudsters exploit the situation and renege on their undertakings. In this episode, it turned out that the ‘gap’ had been exploited to LIE TO THE COUNTRY RECIPIENTS THAT THE AMBASSADOR HAD BEEN PAID MANY DAYS PREVIOUSLY: see below.

Given that the Bush-Clinton ‘Box Gang’ clique of organised criminals that the US military is far too feckless, weak and scared to remove from office, operates in an environment of Durkheimian fuzzy ‘anomie’, that is not surprising. What, frankly, surprises this Editor, is that the slightest notice is ever taken of instructions from the White House or from any other US official quarter at any time, since nothing that ANY official in this rat-ridden Bush II Administration says, ever has any more credibility than the lies that routinely cascade from the lips of Mr Henry M. Paulson Jr.

THE STRAIN OF ALL THIS IS CAUSING PAULSON TO TWITCH
Mind you, all this strain seems to be affecting Mr Paulson physically.

Specifically, the Editor received numerous reports about Mr Paulson’s curious behaviour during the White House news conference held on 6th December, at which the US kakocracy (2) announced their latest scam, illegally tearing up securities contracts by freezing Adjustable Rate Mortgages for five years, triggering a further deterioration in the values of mortgage-backed securities, plus the invention of their new core scamming entity, the Hope Fund, with its seed money stolen from the Ambassador’s $4.5 trillion.

The source of funds for the ‘Hope Fund’ was blandly described as ‘private money’, with no further elaboration, naturally, since the funds had been stolen/derived from funds stolen and diverted from Ambassador Wanta’s Settlement of $4.5 trillion which Paulson first hijacked in June 2006.

This package amounted to nothing less than Bush Jr.’s version of his Godfather’s Savings and Loan scamming operation in the 1980s, complete with a brand new fund that will permit secret hypothecation of the stolen $5.0 billion, to generate trillions of unsupervised, untaxed fiat money accruals, i.e. fraudulent finance for self-enrichment purposes, as usual.

It is, quite literally, Savings and Loan Scandal Number Two.

Furthermore, although already discredited, the Hope Fund and its linked five-year freeze gimmick represents a recipe for an open-ended long-term attack on private property, as will be explained in greater detail when we have a moment. Neither that reality, nor the brazen institutionalisation of the tearing up of securities contracts, will have been of concern to this cynical White House, since the destruction of private property is an old, well-known sterile plank of the World Revolution for which these organised criminal operatives are fronting. Which doesn’t say much, does it, for the decadent and compromised Republican Party’s so-called ‘free market’ orientation, either.

Anyway, on that occasion, Paulson’s shifty eyes were reported to us by multiple observers to have been darting from side to side, with his face twitching like a jackass on speed. One correspondent said that he thought that Paulson was nervous that Gold Badges were about to arrest himself and Bush Jr. in front of the television cameras (which is what OUGHT to happen). Instead, Paulson’s off to China again next week, raising suspicions that he may be engaged in further bribery of Chinese officials. Let’s hope, for Madame Wu’s sake, that he doesn’t try shoving his heavy arm round her back (sticking a chip on her person?), like he did on that notorious earlier occasion. If he really is off to China, there must be some reason that overrides official concern that this criminal operative will again be booted out of Peking, as happened on at least two earlier occasions. It’s curious, too, that the Chinese would wish to allow this multiple US felon within their borders, not least given that China has been reported to have been enforcing dimensions of that famous embargo against the United States somewhat more rigorously than the other evidently lily-livered nations supposedly participating in the embargo, are doing.

It also seems quite extraordinary (unless one assumes that BRIBERY is the cause) that foreign governments even give high US officials the time of day. After all, their two Master Lies – that 9/11 was perpetrated by Osama Bin Laden, who poses a ghastly threat to our civilisation, and that 9/11 was perpetrated by Al-Qaeda (’the Data Base’), have long since been demonstrated to be crude, cack-handed strategic deceptions unworthy even of Dr Josef Goebbels, who taught that if a lie is repeated often enough, it will be universally believed. He wasn’t far wrong, as The Daily Telegraph writes about Osama Bin Laden, to this day, as though he is alive and kicking, notwithstanding the fact that he died somewhere in the American boondocks on 26th December 2001.

FORMER ITALIAN PRESIDENT SUDDENLY REVEALS THE TRUTH ABOUT 9/11
As for the 9/11 atrocities, the former President of Italy, Francesco Cossiga, told Corriera della Sera, Italy’s most respected newspaper, on 5th December 2007, that ‘the disastrous 9/11 attack has been planned and realised by the CIA and Mossad’. Cossiga has thus joined other scattered intelligence-related sources whose consciences clearly keep them awake at night as they approach the ends of their lives. For, all of a sudden, we think we hear a growing chorus of exposure accusations. Could this by any chance be because Wantagate has perhaps made it ‘safer’ for these people, who must have known all along what they are now spasmodically divulging, to get on the right side of what is going to be exposed, whether they like it or not?

This report was accompanied by the superfluous observation that this ageing Italian intelligence officer’s sudden belated revelation of the outline truth of the matter has to be taken seriously, because Signor Cossiga (3) cannot be considered to be a ‘crackpot conspiracy theorist’.

In other words, in order to carry any credibility at all, one needs to be Head of State first; and in any case, contrary to what Lenin taught, there is no such thing as a conspiracy. This is notoriously the most successful counterintelligence ‘slide’ (meaning, a prepackaged mental ‘take’ that precludes all further enquiry) ever invented, and it is notoriously common fare among superficial journalists and anonymous US payroll disinformation hacks whose normal posture is sitting on their brains.

A Government capable of such lies is unlikely to be interested in telling the truth about anything at all – a point which the Principals have learned the hard way. When a US official makes a statement, it can never be believed (as used to be said of the Soviets) – making all transactions with the Bush II Government impossible, but at the same time, providing maximum scope for the endless secret self-enrichment scams in which it specialises and which has become its sole raison d’etre.

LIES, FALSE UNDERTAKINGS, AND TELEPHONE CALLS
On 6th December, the Ambassador and Michael C. Cottrell, M.S., were formally told that they could expect a telephone call at about 9.00 am on 7th December, confirming details of the Wanta funds transfer (which the White House had specifically stated on 2nd December, had already taken place: but never mind: these innumerable discrepancies are soon forgotten, aren’t they?).

In the event, the Ambassador’s telephone connections were totally disrupted at around the time that the promised telephone call was supposed to have been received. This had never happened before. It is conjectured that Bush Sr. procured this disruption to Wanta’s telecommunications.

Separately, notwithstanding the unprecedented sabotage of the Ambassador’s telecommunications and its timing, Mr Cottrell was nevertheless informed that the Principals would be told between 9.00am and 3.00pm on 7th December about arrangements that would be made to fly them to New York to sign appropriate documentation for the release of the funds.

This false undertaking contradicted the previously exposed realities that no documents need to be signed, that the Principals do not need to be in New York, and that the funds must be transferred via the Treasury Direct system, a process that takes 20 seconds (as confirmed after Mr Cottrell had called Citibank’s bluff: see recent reports).

At the same time, Michael Cottrell was also told that funds would be sent to his private banking coordinates, as requested in Mr Cottrell’s letter to Mrs Catherine Weir, to cover the Principals’ expenses and by way of a goodwill debit against the $4.5 trillion owned by the Ambassador that Citibank has stolen. (This ‘undertaking’ was later transmogrified into an insolent statement that the funds to be provided would be of ‘subsistence level’ proportions).

At 2.05pm EST on 7th December, Mr Cottrell received a telephone call from an associate who had just been informed by US Treasury compliance and DOD Internal Affairs, that various payees were to be paid, with actual delivery of funds on Monday 10th December (enabling the banks to gouge more off the top of the funds over the weekend, as usual). Meanwhile the Ambassador made it clear that the requirement for $1.0 million to be remitted to Mr Cottrell’s banking coordinates must be fulfilled, by a way of a goodwill gesture; otherwise there could be no question of the Ambassador and Mr Cottrell travelling to New York, as suggested, should this prove ‘necessary’ despite the fact that it is not necessary (see above).

At 3.45pm, Mr Cottrell was informed by senior personnel that the aforementioned telephone call could be expected between 3.00pm EST and two hours later.

DOD INTERNAL AFFAIRS ASKED TO EXECUTE ISSUED FEDERAL WARRANTS
At 4.05pm, Mr Cottrell asked relevant associates to inform DOD Internal Affairs that the Principals have yet again been deceived, and that DOD Internal Affairs should please execute the issued outstanding arrest warrants, since it was obvious that payment had not, and would not, be made in accordance with all these endless vapid undertakings. DOD Internal Affairs has the authority to execute the warrants, if the Principals did not take economic receipt of the funds on 7th December.

In the background, Admiral Mullen, of the Joint Chiefs, instructed the Provost Marshal, General Rodney L. Johnson, to do his job, in accordance with his oath of office and with his duties under the Uniform Code of Military Justice (UCMJ), or else face demotion. General Rodney L. Johnson (who alternates between being demoted, replaced and reappearing in the course of this fuzzy virtual reality show, like a phoenix) is known from several sources to be taking orders alternatively from President Bush and his thieving colleague, Vice President Cheney.

ILLEGAL USE OF WANTA’S FUNDS JUSTIFIES DOUBLING OF INTEREST
At 5.05pm EST on 7th December, Mr Cottrell made it clear to senior personnel that the Principals are now demanding interest of $704 billion (twice $352 billion), and not a penny less, given that the CIA criminal enterprise called Citibank has stolen the Ambassador’s funds, and is fraudulently using them in the context explained immediately below.

Since being instructed on Sunday 2nd December not to provide information to the Editor of this service for 48 hours on the basis of the worthless White House statement that the funds had been remitted to the Ambassador’s corporate securities account – the basis of the lie fed to the payee (and Reagan Protocol) countries – the Principals had complied with this instruction, as described above. But since the White House’s statement that the funds had been remitted turned out, of course, to be a lie, DOD Internal Affairs wrote to Citibank on 5th December, stating that Citibank MUST implement the Wanta Settlement no later than on 7th December. It did not do so.

DOD INTERNAL AFFAIRS ‘REQUIRED’ TO GIVE WARNING OF ARRESTS
It has since transpired that DOD Internal Affairs had been mysteriously ‘required’ (by bribed or otherwise ‘assuaged’ Federal and/or Supreme Court Justices?) to give Citibank 24 hours’ written notice of what they must do to avoid ‘consequences’ – which meant that the bank ‘required’ the Gold Badges to give it 24 hours’ written notice prior to the execution of the issued arrest warrants.

In any case, Citibank (the behaviour of which still remains as reprobate as ever, notwithstanding the supposed presence of senior British ‘saviour’ officials at the bank, for it is a fact that Rubin Cube is still there) retorted that Citibank does not respond to threats. Whereupon DOD Internal Affairs responded that no threat had been issued, but that Citibank was required to make the delayed and hijacked Wanta payment, and that unspecified action would otherwise be taken on Friday morning. Since Citibank should have made the transfer in June 2006, it is grossly and criminally delinquent, so that threats don’t feature in the situation.

WANTA FUNDS ILLEGALLY USED AS BASE FOR BASEL II ‘COMPLIANCE’
At 5.30pm on Thursday 6th December, Mr Cottrell had received a telephone call proving that the flood of funds that had now been reported to be flowing back to the United States represented fiat money generated off the back of Ambassador Wanta’s stolen $4.5 trillion (which remains in situ at Citibank, 399 Park Avenue), and that the Ambassador’s $4.5 trillion was also being illegally used as the basis of a ‘credit line’ to provide financial resources with which US banks are supposed to be made compliant with the Basel II requirements. At least 90% of all US banks were not creditworthy and did not comply with Basel II (as of the first week in December 2007).

In other words, Mr Cottrell has obtained a formal admission (specific details of which have, given their nature, been withheld from the Editor for the time being) that the Ambassador’s $4.5 trillion is being illegally used to prop up the US banking system so that an appearance of compliance with the Basel II on-the-books requirements, can be presented for international public consumption. It is on the basis of this incredible fraud that the Principals have now doubled the previously agreed-upon $352 billion of interest payable by Citibank, which it will be recalled was originally based upon the Editor’s back-of-envelope calculation of $350 billion, plus $2.0 billion on top.

Since the Ambassador’s funds are being illegally employed for this purpose, Mr Cottrell is well within his rights to specify the rate of interest at which the funds are so deployed, albeit illegally, and has accordingly doubled the $352 billion, to $704 billion.

LONDON DEMANDS THAT ALL U.S. BANKS BE COMPLIANT BY MONDAY
On the afternoon of 7th December, an associate of the Principals received a telephone call from ‘power centres’ in London reiterating that ALL US banks MUST prove up and comply with the Basel II requirements as of Monday 10th December. Among underlying points to note here is the fact that all the large American banks have branches and subsidiaries in London, so that these branches and subsidiaries must all be Basel II-compliant, which cannot happen unless their own head offices are compliant as well. It is therefore wholly irrelevant, in practice, that US banks have a typically fuzzy period up to 1st January 2008, within which to comply (and lots of further fuzzy Basel II compliance ‘requirement deadlines’ thereafter).

Several antagonists wrote gleefully to the Editor of this service pointing out with gravitas that the US Basel II compliance date is the first of the New Year, without taking the above rather basic reality into account (because such Americans think that the whole world is America, probably).

U.S. BANKS CANNOT BE MADE ‘BASEL II-COMPLIANT’ WITH STOLEN MONEY
The reckless American criminal financial authorities appear to have overlooked the basic fact that compliance with the on-the-books requirements of the Basel II settlement CANNOT BE PROCURED through the use of STOLEN MONEY. The underlying base of the funds being deployed to shower the American banking system with financial injections in order to bring them up to compliance is the $4.5 trillion owned by Ambassador Lee Emil Wanta.

Therefore, these operations WILL NOT HAVE RENDERED U.S. BANKS COMPLIANT WITH BASEL II, whatever these corrupt US financial engineers may have intended.

• Note: Contrary to the impression that may have been given earlier, due to the Editor’s error, that the Wanta funds may have been held off-balance sheet, the $4.5 trillion has always been held on-balance sheet, for onward transfer via Treasury Direct to the Ambassador’s corporate securities account with Morgan Stanley, New York City.

It is precisely because the Ambassador’s ‘real’ money is held on-balance sheet, that it is being illegally employed right now to generate the funds, and as a loan base, for bringing the US banks into compliance with the Basel II on-balance sheet requirements.

While that is the underhand intention, the process and outcomes are illegitimate, since the use of stolen funds to massage the non-compliant US banks into de facto compliance is fraudulent and therefore cannot stand. These ongoing illegal transactions, which are being undertaken without the permission of the owner of the funds, Ambassador Lee Emil Wanta, will not be recognised.

• WE THEREFORE REFUTE THIS LATEST FINANCIAL DECEPTION AND ROUNDLY EXPOSE IT.

MORGAN STANLEY MUST CONFIRM $5.204 TRILLION DEPOSIT TO THE PRINCIPALS
Against this background, the Treasurer of AmeriTrust Groupe, Inc. has also let it be known in the appropriate circles that the only confirmation document that the Principals will accept from Morgan Stanley is a confirmatory statement written on the Morgan Stanley letterhead that $5.204 trillion has been deposited with the corporate securities account of AmeriTrust Groupe, Inc, held with Morgan Stanley, New York City. Mr Cottrell further informed appropriate parties that any other document submitted to them for signature will be published so that the international financial community, the corrupt intelligence sector, and the payee Governments and Tier 1-10 payees, are made aware of the escalation of fraudulent finance that has been going on behind the scenes as the cornered criminal financial operatives develop ever more exotic mechanisms for continuing their offensive against humanity for their own revolutionary and personal benefit, regardless of the consequences.

PAYEE GOVERNMENTS REACT WITH SHOCK AT WHITE HOUSE LIE
The payee Governments were notified by the Ambassador on 7th December that he had not been paid. They registered extreme shock.

The reason for this reaction was that THE GOVERNMENTS HAD ALL BEEN LIED TO BY THE WHITE HOUSE AND BY LYING U.S. OFFICIALS ON BEHALF OF THE WHITE HOUSE, THAT THE AMBASSADOR HAD BEEN PAID MANY DAYS EARLIER. The underlying stratagem is modelled after Dr Josef Goebbels: repetition of the lie substitutes for fact; AND THAT IS WHAT WAS INTENDED.

This lie was perpetrated during the period immediately following our posting last Sunday, the 2nd December, after the White House had specifically instructed the Ambassador and Mr Cottrell not to communicate with Christopher Story. The hiatus was designed, as the Editor assumed at the time, to provide the intended Master Lie with the necessary ‘space’ within which to take hold.

Finally, it is further understood that at least $2.0 trillion is being distributed to corrupt recipients by the Houston-based oil magnate who acts as President Bush’s bagman. That’s what he was doing at a certain bank for many hours on 7th December.

DISTORTED VIEW OF RIGHT AND WRONG FROM LONDON SOURCE
Which brings us back to the uncouth email that this Editor received from UK-based money man Mr John Wood on 3rd December 2007, the day after we were ‘silenced’ by the White House. Having arrogantly instructed the Editor as to what should and should not be included in these reports, this operative added: ‘We are making real progress with decent and committed Treasury parties by [means of] low profile and diplomatic dialogue’.

If Mr Wood thinks that the stealing of The Queen’s gold, the continuing hijacking, stealing, illegal hypothecation and renting out of the Ambassador’s $4.5 trillion which should have been paid to him as instructed by the Chinese authorities back in June 2006, and the incessant (repeatedly exposed) financial criminality that is being perpetrated by the ‘Box Gang’ operatives including his beloved Hillary Rodinski Clinton and her Robert Rubin Cube side-kick, the collapse of the Rule of Law in the United States, the rape of the Central Bank of Iraq, the wanton murder not only of 3,000+ people on 9/11, but of approximately a million and a half Iraqis, and the deaths of thousands of American and British troops for the specific purpose of procuring the everlasting untaxed secret enrichment of the organised revolutionary gangs that have hijacked the US Government, represents ‘progress’, this man is in urgent need of a course in elementary ethics, coupled with a brain scan.

Notes:

(1) Indicative of what is to be expected in the future from CIA operative Hillary Rodinski was her provocative appearance (in a photograph, for instance, on page 22 of The Daily Telegraph of 8th December 2007), flanked by Ian Paisley, the duplicitous First Minister of Northern Ireland, and his terrorist-murderer Deputy, Martin McGuinness, who were both on a week-long tour of America. McGuinness and his Lenin look-alike, Gerry Adams, were jointly responsible for the maiming of an estimated 35,000 Britons and more than 5,000 deaths; so Mrs Rodinski, who knows a thing or two about sudden deaths herself, picks her company to advertise where her real ‘interests’ lie.

Since both Bill and Hillary have obtained Irish passports (rendering Hillary Rodinski, one would have thought, ineligible for becoming President of the United States), and since the Editor of this service could reasonably, shall we say, be considered to be in Hillary Rodinski’s Little Black Book, one is entitled to wonder what Mrs Clinton and Martin McGuinness may have been discussing, and whether Mr McGuinness’s ‘old’ assassination assets were to be briefed for a certain killing. We feel sure that our very perceptive readers and supporters will understand what is referred to here.

(2) Kakocracy: Governance by representatives of the worst elements of society.

(3) Of parallel importance and interest is the fact that Cossiga’s latest comments have followed similar remarks by Roman Catholic Archbishop Richard Williamson of the Society of St. Pius X. He told a meeting in Bedford, Massachusetts, on 4th November 2007 that (Black) forces inside the US Government plotted 9/11 and that they may be planning another such abomination.

A well-briefed ‘intelligence’ source has commented as follows: ‘The Italian and Vatican intelligence services maintain the closest possible contact with one another’.

It is noteworthy that the Society of St Pius X is a traditionalist and so-called ‘right-wing’ Catholic society founded by the late Archbishop Marcel Lefebvre. The father of Lefebvre was a French monarchist and British intelligence agent operating during the First World War, who died in a Nazi concentration camp in 1944. Lefebvre is reportedly ‘close to’ the ‘right-wing’ French National Front run by Jean-Marie Le Pen. The informed source elaborated that ‘the 9/11 revelations from Italy and Williamson may indicate a schism between some Fascist sectors and pro-Israeli neocons’. However the underlying reality is that the Vatican has ‘had more than enough’.

A Catholic Archbishop would be unlikely to have made this comment without institutional Vatican approval, and that would apply in this context, even to a Lefebvre-originated organisation.

LEGAL SECTION:
PEOPLE OUGHT TO 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 [scienter] 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 kakistocracy* 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: ‘Kakistocracy’: Governance by a clique representing the worst elements of society, 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.

U.S. JUDGE ISSUES A WARRANT FOR PAULSON’S ARREST

PAULSON SERVED, SAYS HE WILL PAY, THEN FAILS TO DO SO

Sunday 2 December 2007 01:12

UPDATE, 7TH DECEMBER 2007:

The criminal operatives are playing games and have again deceived the Ambassador, Mr Cottrell, and his associates. They have failed to meet undertakings and the Ambassador’s communications have been completely inactivated. All restrictions on exposure, which were imposed following our report dated 2nd December 2007, are therefore being treated as yet another deception, and we will be reporting on the latest deception operations perpetrated against the Ambassador as soon as
the necessary information is to hand. No attention will be paid in the future to any blandishments from corrupt US official sources to the effect that we should ‘cool it’ and make life easier for them.

The record shows that every time we accommodate such deamnds (which the Editor has at times done voluntarily, out of courtesy) the Ambassador and his colleagues are double-crossed. This statement will serve as notice that no further attempts to silence us in the face of these ongoing financial fraud outrages will be tolerated. If they want total exposure war, that’s what they’ll get.

UPDATE, 4TH DECEMBER 2007:

As reported below, the warrant issued for Paulson’s arrest on Friday was a ‘performance’ warrant (subject to performance). Quick as a flash, having advised the Judge, on being served the warrant, that he (Paulson) had not been aware that President George W. Bush Jr. had authorised the Wanta payment, Paulson said he would contact the White House. However the Federal Judge preferred to hear the matter from the President himself and, according to our very best sources, the Judge duly telephoned the President who said: ‘Yeah, the payment is authorised for Monday’, or words, to that effect. Of course, President 43 then, on Monday, reneged on his undertaking to the Judge, as there has been no indication of payment having been made whatsoever. This was confirmed to the Editor from multiple sources. The overall situation has thus precipitated a flurry of legal and WCJ activity concerning which we currently have only partial information, which requires further confirmation; so we are not reporting it at present.

There appears to be confusion over the perception that Basel II is supposed to take effect in the United States on 1st January 2008, which is beside the point. The United States is BUST. Basel II took effect in Europe and elsewhere effective 10.00 a.m. EDT last Saturday, and European banks cannot operate with US banks that are non-compliant. We understand that to shore up the situation, significant volumes of funds are being repatriated ‘as we speak’ from Dubai, China and elsewhere. The Federal Reserve Basel II document dated 2nd November sent to us by the Fed and referenced below, specifically leaves the date of Basel II implementation BLANK, which implies that arguments continued between the Americans and the Europeans right through November on this point.

As for the fact that Paulson surfaced on Monday at a conference, where he was televised, this is neither interesting nor relevant. Some people think this proves that we are wrong: but THEY are misguided. The facts published below were correct as posted. Paulson disappeared on Sunday and it was then thought that he was ‘on the run’. It was not THEN known that he had wriggled out of the situation he faced (in collusion with the President), by the duplicity outlined above. This is a fast-moving crisis and superficial assertions claiming that such and such a fact does not compute, need to be withheld, and the situation understood in that context, and pending further information.

It need hardly be added that this is by far the worst financial crisis in world history, and that all the Wantagate reports to date have pointed to this all along. There should be no cause for surprise.

The report dated 2nd December is as follows:

TREASURY SECRETARY OPENLY BOASTS THAT ‘BUSH CANNOT FIRE ME’

SUGGESTION THAT PAULSON MAY BE BLACKMAILING PRESIDENT BUSH

UNCERTAINTY OVER FULFILMENT OF PERFORMANCE-RELATED WARRANT

‘BASLE II’ ON-THE-BOOKS REGIME STARTED UP ON 1ST DECEMBER 2007

WITH NO WANTA PAYMENT, U.S. MONEY CENTER BANKS ARE BUST

THEY NEED ON-BALANCE SHEET FUNDS TO OFFSET THEIR LIABILITIES

CATASTROPHIC FINANCIAL SECTOR AND ASSET IMPLOSION LIKELY

SATURDAY SEARCH TEAMS OUT LOOKING FOR PAULSON WHO IS ON THE RUN

DELIBERATE GERMAN-LED NAZI-SPONSORED ‘TAKEDOWN’ OF ‘THE MAIN ENEMY’

BANK OF ENGLAND, NORTHERN ROCK AND THE ISRAELI EMBASSY IN LONDON

WIKIPEDIA RECONFIRMS THE U.S. DISINFORMATION APPARAT’S OLD LIES ABOUT WANTA:
• See the Wicked Pedia section below the Legal Information, at the foot of this report…

‘But thus saith the Lord, Even the captives of the mighty shall be taken away, and the prey of the terrible shall be delivered: for I will contend with him that contendeth with thee, and I will save thy children’. Isaiah, Chapter 49, verse 25.

For background, please see the last FOUR OR FIVE Wantagate reports: Archive

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.

• The Editor is extremely grateful to the generous Americans and others who have so thoughtfully contributed funds to assist us with these exposures. He has now written to everyone around the world who had contributed by 27th November 2007, to thank them for their generosity.

• Emails addressed to us which lack coordinates identifying the sender will be trashed unread. The Editor publishes all his coordinates, as has always been the case, as he has nothing to hide. Others should do the same. Also, we trash any emails unread that are not ‘on message’.

• It would be appreciated if webmasters would refrain from lifting our material without proper adequate attribution. Manifestly, the material may be used with attribution, but any other use is illegal and unethical. We also protest at people picking at our original research and posted reports, and crediting themselves rather than the Editor/this website.

Such behaviour is particularly prevalent in the United States, where lies are a way of life with some people, and is an example of the kind of dishonesty that we are exposing in these reports.

• THE PRECEDING REPORT WAS ILLEGALLY ‘SNIPPED’ TWICE. BY DOING THIS STUFF,
U.S. SPOOKS REVEAL WHAT IS WORRYING THEM: SEE ‘SNIP’ AT THE FOOT OF THIS REPORT.

In the following analysis, we provide geopolitical context for the quite extraordinary developments recorded below, by describing long-range pan-German geopolitical global hegemony strategy which is the underlying causation of what is happening today.

In May 2003, an Office of Naval Intelligence (ONI) operative accurately stated to the Editor that the problems that the world in general, and America in particular, faces, were primarily attributable to the working-out of this strategy, which has been controlled by George Herbert Walker Bush for years. The reader who may be impatient to absorb the latest (sensational and deeply disturbing) intelligence reported below, may wish to skip the geopolitical and historical context initially, and to return to it after reading up on the current situation.

THE ‘MAIN ENEMY’ (BRITAIN AND AMERICA) FACING DISASTER
The state of affairs that will be described below, containing the latest Wantagate intelligence available to the Editor of International Currency Review, represents an outline description of the worst financial and economic crisis in world history, brought about by blackmailing traitors at the highest level of the US Government, working secretly for foreign powers, with the intention of:

1. Destroying the US and British financial economies.

2. Buying back their depressed assets with illegally stashed, untaxed stolen fiat money held offshore, at firesale prices (the Fascist control model).

The Governments involved in this operation are led by Germany (via the Nazi strategic continuum, Deutsche Verteidigungs Dienst (DVD), Dachau), through DVD’s bank, Deutsche Bank, aided and abetted by France these days under Nicolas Sarkozy, a Zionazi Mossad operative, and watched from the sidelines (as far as we can tell) by the disgusted Vladimir Vladimirovich Putin’s ‘former’ USSR, and by the severely wronged Chinese authorities (whose position is almost impregnable, enabling them to buy up US assets with real money).

HISTORICAL AND GEOPOLITICAL BACKGROUND TO TODAY’S CRISIS
In what follows it should be specifically recalled that National Socialism (Nazism) and International Socialism (Communism) are dialectical ‘opposites’ (Thesis, Antithesis) manipulated by globalist controllers to yield the intended Synthesis (global hegemony).

• We have on several occasions illustrated this reality in our publications by displaying a Labour Day medal used by the Nazis in the early years of the last century. It depicts a bas-relief head of Karl Marx, a hammer and sickle, and a swastika, all on the same image.

ANGELA MERKEL IS A ‘FORMER’ COMMUNIST AGITPROP OPERATIVE
Therefore, the political antecedents of German Chancellor Angela Merkel DO NOT CONTRADICT the political pedigree of the Nazi strategic deception continuum, Deutsche Vertiedigungs Dienst, in the slightest, in this context. Frau Angela Merkel was an activist in the East German Communist Party, and while she was attending Karl Marx University in East Berlin, she was the Secretary for Agitation and Propaganda in the Communist Youth Wing operating in that establishment.

The East German secret police, the STASI, operated throughout the Cold War period as a foil and substitute for the pan-German Nazi Abwehr (military counterintelligence), today’s DVD. Merkel is almost certainly a ‘former’ STASI operative. Hence her recent visit to see George W. Bush Jr. in Texas, will have presented no anomalous political obstacles at all for either party.

It will be recalled that, all of a sudden in August and September 1991, Gorbachev (real name Orbach or Korbach), a dedicated and ruthless Communist all his life, suddenly ‘ceased’ to be a Communist, along with most of his associates. He then became, overnight, persona extremely grata as he was extravagantly feted by stupid media people, the Rockefellers, et al, all over the United States.

Thereafter, ‘former’ STASI operatives and Communists poured into the German political structures and surfaced all over the United States, while the European Union Collective expanded eastwards, to embrace the host of ‘non-Communist’ actives who had likewise relabelled themselves politically, so everything was just dandy.

Many of these people (such as a certain Siim Kallas, Vice President of the European Commission, a ‘former’ KGB operative and then Governor of the Estonian Central Bank who had been forced to resign under somewhat curious circumstances involving some missing gold), today run and control the European Union Collective (or Europaische Wirtschaftsgemeinschaft, viz. European Economic Community), as predicted in a Nazi compendium of that title, published in Berlin in 1942.

A BRILLIANTLY SUCCESSFUL GEOSTRATEGIC DECEPTION
This brilliant strategic deception demarche against the West reflected the specific implementation of the ‘Trojan Horse’ strategy outlined by Mr Gorbachev, and by Soviet long-range strategists like Georgi Arbatov, who explained to anyone who would listen (and there were few) that the intention was to establish political hegemony over ‘Europe from the Atlantic to Vladivostok’.

Within this strategy, as explained in the Editor’s book The European Union Collective, the pan-Germans represented by DVD, Dachau, have their own agenda, initially labelled ‘Europe from the Atlantic to the Urals’. For the sake of revolutionary expediency, Germany and the covert Soviet Union work together at the intelligence level in furtherance of the ultimate Illuminati objective of One World (The New Underworld Order).

IMMINENT FINANCIAL CALAMITY = THE MATURITY OF THIS STRATEGY
The forgoing summary of the geopolitical background to what is about to be revealed here has been placed at the TOP of this report so that those who have ears to hear and eyes to see will IMMEDIATELY UNDERSTAND that the crisis that is about to unfold (run and directed by Paulson, Bush Jr. and Cheney) is a direct and specific consequence of the maturity of long-range strategic deception operations designed to ‘take out’ the ‘Main Enemy’, namely Britain and the United States (in the lexicons of BOTH Nazism and Communism).

So, as the crisis unfolds, remember that we are being taken to the cleaners by malevolent foreign powers, assisted by brazen traitors who operate with impunity at the highest levels in the United States Government who (we now say unequivocally) should at once be made to face the severest penalties. As for the Central Intelligence Agency, which is supposed to defend the United States against subversion, it is perfectly clear to this Editor (and to senior British intelligence generally) that far from defending the American people and the United States, the CIA is a criminal instrument that has been fatally penetrated by malevolent foreign powers, and exists in a morass of confusion.

On Saturday, Paulson was reported by multiple sources to be ‘on the run’ and was STILL stealing money via the ‘grey screen’ unit, as previously revealed. He was scheduled to attend a meeting on Monday, to be attended also by the media, at which the ‘sub-prime’ crisis will be the focus.

‘BASLE II’ ON-THE-BOOKS BANKING SYSTEM IS NOW IN EFFECT
The other key point to take on board, before we elaborate, is that the Basle II standard took effect from 1st December 2007, and that the ‘intention’ had been for the Wanta Settlement (and for the related payments) to be paid PRIOR TO the Basle II accord coming into effect. Under Basle II, no further off-balance sheet financial operations are allowed, and every transaction must take place on-balance sheet. The Europeans, Japanese, Australians etc have implemented Basle II and the United States has no choice but to follow suit. It could not procure its delayed application.

The Federal Reserve duly sent the Editor of this service a copy of its 404-page book entitled ‘Basle II Final Rules: Federal Reserve Board Open Board Meeting: November 2, 2007, 10.1.m. EDT’, which summarises the on-balance sheet rules to which all US banks must now conform. The final official document stated, as previously noted, that ‘This final rule is effective [INSERT DATE]’, implying that the date of implementation had been uncertain. However, Basle II TOOK EFFECT FROM 10.00 A.M. EST ON SATURDAY 1st DECEMBER 2007. Period.

U.S. MONEY CENTER BANKS FACE IMMINENT COLLAPSE
Since the US money center banks’ liabilities must now be covered by relevant proportions of funds held ON-BALANCE SHEET, Citibank, Bank of America, Wachovia and JPMorganChase (plus, under separate securities industry rules and regulations, key securities houses) may well find themselves bankrupt within seven days, given that, as of this posting, the Wanta ‘real money’ settlement funds (and consequential payments held up by the scamming operations described here and in previous reports), have not been paid and are therefore not available on-balance sheet.

The entire world therefore faces an imminent financial and economic catastrophe of historically unprecedented proportions, as Her Majesty The Queen feared when she told the G-8 Meeting last June that the Wanta payment should be made ‘for the sake of the whole of humanity’; and we will now explain both how what the Queen feared is coming about, and why it is obvious that this is an intentional, long-planned take-down of the complacent, corrupt twin economies of the ‘Main Enemy’ perpetrated by foreign powers masquerading as ‘friends’ but which are seeking to overturn the outcome of the two World Wars, with the assistance of US traitors at the highest levels.

NAZI STRATEGIC CONTINUUM SPECIFICALLY PREDICTED THIS CRISIS
This outcome was specifically predicted by the Nazi strategists, as we have repeatedly explained – first, in the Madrid Circular Letter intercepted by the Allies en route from the German Geopolitical Centre, Madrid, in the early 1950s, which contained the telling slogan ‘Fur uns ist der Krieg niemals vorbei’ (‘For us the war never ended’); and secondly, in a strategy document seized by the Allies in 1945, which summarised pan-German long-range strategy with the slogan ‘We intend to build the Thousand-Year Reich upon the ruins of the United States’, an intention obliquely promulgated by the operating head of DVD, George H. W. Bush Sr., when he referred in 1991 to ‘a thousand points of light’ and promulgated the ‘New World Order’.

EXECUTIVE BRANCH USURPING CONGRESSIONAL POWERS
At the round-table conference held in Washington, DC, while the Ambassador’s diplomatic party were languishing in the Starbucks coffee house having been thrown out of Citibank’s Midtown office, 399 Park Avenue, New York, representatives of various Federal Departments and agencies, including the Treasury, sliced and diced the $1.575 trillion of ‘real money’ tax that will be payable by Ambassador Wanta after his agreed-upon $4.5 trillion had been paid to him – which it hadn’t, and hasn’t. Details of this outrage were explained in recent reports.

Specifically, we explained in simple terms that the Executive Branch was therefore engaged in a direct usurpation of the powers of Congress to allocate appropriations for the Executive. We have also pointed out that Henry M. Paulson, the US Treasury Secretary, having withheld $1.575 trillion from the Treasury for nearly 18 months, and having further authorised the ‘slicing and dicing’ of the unpaid $1.575 trillion so that it would bypass the Treasury and the Federal Budget, was manifestly a traitor to the American people and to the Constitution, and should be impeached. All that is on the record, for posterity. No-one has denied a single point that we have made on this, or ANY, score.

CONGRESS GOES ALONG WITH TRASHING THE U.S. CONSTITUTION
It has also transpired that our assessment of the attitude of Congress to this travesty was correct – namely, that BOTH parties in the House and the Senate WANT TO AVOID THE AUDITS that will ensue (as we pointed out) arising from the 18 months’ illegal delay in placing the $1.575 trillion of tax at the Treasury’s disposal. It is STILL intended to bypass the Treasury altogether.

In other words, they intend to take not the slightest notice of the constitutional and treachery points we have made, and to ride roughshod over them, just as they have ignored the endless breaches of the Statutes and regulations listed in the legal sections of these reports. This again confirms that these arrogant, corrupt US operatives COULD NOT CARE LESS THAT THE RULE OF LAW HAS COLLAPSED ON THEIR WATCH, AND THAT THEY ARE OPENLY TRASHING THE CONSTITUTION.

And we have been told categorically that the reason why both political parties (or wings of the controlled political dialectic) in Congress are content for Congress’s appropriation powers to be blatantly flouted by the Executive in this way, is that both parties are up to their necks in this financial corruption and hence are traitorously prepared to junk the US Constitution in order to avoid the consequences for Representatives and Senators personally, that would ensue.

In this connection, it is no coincidence that Trent Lott, Dennis Hastert, and others are leaving early without waiting to the end of their terms: as indicated earlier, if they leave the Legislature BEFORE indictment, they retain their HUGE PENSIONS, whereas if they are indicted, they lose their pension entitlements. Likewise, officials have been leaving the Bush White House quicker than rats can eat through sacks. Soon, there will be no-one but the janitor and ghosts left to protect the President.

SARKOZY AND BUSH DECIDED TO STEAL THE FUNDS FOR TRADING
The latest variant on this dimension is that Nicolas Sarkozy, the new, dubious French President of Hungarian Jewish background (who was charged by the World Court prior to coming to office, with the task of procuring the Wanta Settlement) reached an understanding with President George W. Bush Jr. when he visited him recently, that the $1.575 trillion ‘tax’ would in fact not be available until 2008 and would be stolen and used for (illegal) trading purposes, would not go anywhere near the US Treasury’s books and the US Federal Budget process, and would therefore be withheld from the US military. It accordingly appears that the notorious DC round-table conference held on 20th November was allowed to go ahead, but that it may just have represented yet another blind and a deception operation, to divert attention from what we have just stated above.

THREE SIMPLE DEMANDS MADE BY THE AMBASSADOR’S PARTY
We have also reported that Michael C. Cottrell, M.S., the Executive Vice President and Treasurer of AmeriTrust Groupe, Inc, had placed three straightforward demands down on the table for Citibank’s attention, following the three diplomats’ disgraceful treatment by Citibank on 20th November, when they were chucked out of 399 Park Avenue at the demand of co-conspirator Mr Robert Rubin, in the actual presence ‘upstairs’ of George Bush Sr. himself, by Boston Properties, after two armed NYPD policemen had been summoned to the premises.

It will be recalled that in September 2007, Citibank had gone through the motions of ‘inviting’ the Principals to meet with a private banker, in order to complete the necessary formalities, and that the Ambassador and Mr Cottrell took Citibank at its word, resulting in the earlier fiasco described back in early October. Since the bank suggested this procedure, they ‘went along’ with it.

As a continuation of this theme, following the outrageous treatment of the diplomats on 20th November, Mr Cottrell was left with no choice but to lay down three conditions under which the Ambassador’s party would now be prepared to return to the bank to ‘finalise the paperwork’, as previously described. Crucially, however, payment of Wanta’s $4.5 trillion had been ordered to be effected via Treasury Direct as long ago as June 2006, and that order still stands – so that these Citibank arrangements were in fact completely unnecessary, being clearly designed IN BAD FAITH exclusively to enable Citibank to remain in control of the $4.5 trillion in perpetuity.

Nevertheless, since this was how Citibank were ‘playing’ the matter, Mr Cottrell ‘accommodated’ the bank on this score, in accordance with its requests. The bank fell into its own trap: because of course, the bank had never intended to convey the funds to the Ambassador at all.

ALL INTERESTED PARTIES WERE ADVISED OF THE SITUATION IN TIMELY FASHION
At the same time, the Principals, tired of waiting for a period that wound up lasting for 40 days, for Citibank to fulfil its obligations towards them, distributed a letter summarising the position, to the Joint Chiefs, the White House, the Central Intelligence Agency, the Treasury, the Department of Justice, the Supreme Court, Foreign Ministers and other interested parties in November, just to make sure that all concerned were equipped with the SAME information and therefore to pre-empt disinformation offensives such as those itemised in the preceding report.

The essence of the three basic conditions laid down by the Principals following their disgraceful treatment and the insults meted out thereby to the diplomatic community generally by Citibank, already described, was as follows (precis by the Editor)

• Due to the ill-treatment afforded to the Ambassador’s diplomatic team by Mr Richard Lava et al at Citibank, 399 Park Avenue on the 20th November 2007, when the Principals’ purpose had been to facilitate the amicable release of the Master Custodial Account and the $4.5 trillion owned by the Ambassador to him as Principal for his benefit, the Ambassador and his colleagues requested:

• A letter of invitation addressed to Chairman Lee Wanta and Michael C. Cottrell, M.S. as Consul General, to meet with a Citibank private banker (as Citibank had originally suggested in September) for the purpose of signing the Master Custodial Account documents and in order to set up a Master Custodial corporate account for AmeriTrust Groupe, Inc., within Citibank Private Banking.

• The provision by Citibank to the Principals of confidential bank confirmation detailing the current Master Custodial Account coordinates verifying the $4.5 trillion held by Citibank for and on behalf of Ambassador Lee Emil Wanta.

• The provision by Citibank of $1.0 million AS A DEBIT AGAINST THE MASTER CUSTODIAL ACCOUNT, to bank coordinates provided by Michael C. Cottrell, M.S. for and on behalf of Michael C. Cottrell, M.S., as Consul General (detailed diplomatic information is not being supplied for public consumption at present), on behalf of Ambassador Wanta and his corporation.

THE RATIONALE BEHIND THE THREE DEMANDS
Now, as Executive Vice President and Treasurer of the Ambassador’s Commonwealth of Virginia-based corporation, Michael C. Cottrell, M.S. was fully within his rights to make such requests, not only because Citibank had of course never divulged that it had misappropriated and diverted the Ambassador’s funds, but also because there could be no possibility, after the way the diplomats were treated by Citibank on 20th November 2007, of the Ambassador’s party returning to the bank without the necessary written invitation (on Citibank’s letterhead), the provision of the coordinate details confirming the presence of the funds, and a necessary ‘good faith’ payment to defray the party’s expenses, and to procure that there could be no question of Citibank sending them on a further wild goose chase – given that the diplomats had been given the cynical run-around for 40 days on the earlier occasion, and for 18 months since Henry M. Paulson first illegally hijacked the Ambassador’s funds in June 2006.

We have previously mentioned that a source (a CIA operative) emailed us (on 28th November) with the following comment; ‘Certain folks were upset with your MC as he was making certain demands in a way that was not appreciated’. Sure, and the reason the ‘demands’ were ‘not appreciated’ was that, once again, the Ambassador and his colleague had called Citibank’s bluff, since for the bank to have complied with Mr Cottrell’s requirements would have placed Citibank (through its own fault) in the position of committing bank fraud in view of the fact that Citibank had tampered with the Ambassador’s funds for the preceding 18 months. But Mr Cottrell was doing no more than taking Citibank up on its original (BAD FAITH) offer, to meet a Citibank private banker, etc.

THE BANK’S REQUIREMENTS ARE SUPERFLUOUS: PAYMENT IS BY ‘TREASURY DIRECT’
Essentially, since the funds have been payable by Citibank via Treasury Direct ever since June 2006, which is what should happen without further complications – so that Citibank’s ‘requirements’ were both superfluous and illegal – Mr Cottrell, knowing that Citibank were deceiving him and the Ambassador, as well as the CIA (see below), conformed to the bank’s requirements and continued to press for the necessary meeting with a Citibank private banker etc. Since Citibank, AS USUAL, were not being straight with the Ambassador, Mr Cottrell gave the bank a choice, working within the bank’s own parameters, of committing a felony, or committing a felony

Citibank, under its new directorship (Robert Rubin having evidently fled, as co-conspirator with Bush Sr. and Cheney when they tried to divert the entire $4.5 trillion to the Middle East on 20th November), wrote a letter stating that, in the circumstances, it was prepared to meet Mr Cottrell’s (understandable) demands. This letter was presented to a Supreme Court Justice and to President George W. Bush jR. for their approval. This appears to have been given. A high-level meeting took place in Washington, DC, at 10.00 a.m. on Friday 30th November, at which it was finally decided that Ambassador Lee Emil Wanta must be paid. Put another way, it was ‘finally decided’ that the corrupt and deliberate ongoing frustration of the remittance of funds that the Ambassador owns, should cease forthwith, not least given the imminent imposition of the Basle II banking environment.

DESPITE HIGHEST-LEVEL APPROVALS, LEGAL ADVISORS SAID ‘NO WAY’
At the same time, DOD Internal Affairs got in touch with Citibank, and asked them: ‘HOW are you going to do this’ (without committing a felony)?’ Legal officials servicing the bank agitated that the bank could not meet Mr Cottrell’s demands because if it were to do so, the bank and its directors would be committing bank fraud.

In other words, Mr Cottrell had called the bank’s bluff, a fact which was twisted by the CIA operative in the mentioned email to read that Mr Cottrell was ‘making certain demands in a way that was not appreciated’. But what was ‘not appreciated’ was that Mr Cottrell had deftly exposed the fact that the bank is engaged in a massive ongoing fraud in collaboration with traitors occupying the highest posts in the United States. That was ‘what was not appreciated’; and the contrary assertion reeked of twisted hypocrisy on the part of the operative and the disinformation cell concerned. Mr Cottrell only asked the bank to do what it wanted to be done – which is called a ‘sting’ in the US intelligence (STUPIDITY) community’s own distorted world, a.k.a. calling the bank’s bluff.

PRESIDENT BUSH FINALLY ‘AGREED’ TO WANTA’S PAYMENT
As a result, President George W. Bush finally decreed, at 1.12pm on Friday 30th November, that Ambassador Wanta was to be paid immediately, not least given that the Basle II environment would be launched the following morning.

Faced with this supposed (but false: see below) ‘fait accompli’, Henry M. Paulson now refused to comply. It has since transpired that not only has Paulson been proclaiming that he will ‘NEVER’ pay Ambassador Wanta, but also, get this, that ‘President Bush cannot sack me’.

He has been making this statement quite extensively. And he’s now been joined by other ‘civilian’ Federal officials, the chorus being that ‘we will never, ever pay Wanta a penny’. This has naturally gone down like a lead balloon within the Central Intelligence Agency itself (of all places) , which has suddenly ‘switched sides’ and is DEMANDING that Mr Paulson procures the payment – over which HE RETAINS, AS FROM THE GET-GO, SOLE SIGNATORY POWER – immediately.

• The CIA has lost patience because payments that it needs urgently are stalled. Quite so.

PAULSON APPEARS TO BE BLACKMAILING PRESIDENT GEORGE BUSH
The only possible conclusion to be drawn is that Paulson has ‘something over’ George Bush Jr., which is to say that Paulson is blackmailing the President of the United States.

Since George w. Bush Jr. has been systematically engaged from the White House in continuous fraudulent finance operations, not least as originally proposed to him by Paulson himself as soon as Bush had appointed him US Treasury Secretary, the likelihood of this requires no elaboration.

For it is known that on taking up his post, Mr Paulson proposed that Bush, Paulson, Cheney and friends could ‘make a great deal of money for themselves’ by exploiting the $4.5 trillion sent over by the People’s Bank of China for the exclusive personal benefit of Ambassador Wanta.

All that would now be necessary would be for Paulson to hijack the funds and then to facilitate the ‘rental’ of the giga-funds between the coterie of US institutions mentioned in these reports; and everyone could enjoy massive continuing rake-offs. The President approved this scheme, and is therefore vulnerable to being blackmailed himself – by the blackmailing operative who proposed the illegal financial transactions in the first place, namely Henry M. Paulson Jr.

WRIT, SUBJECT TO PERFORMANCE, FOR PAULSON’S ARREST ISSUED, AND SERVED
After Paulson had ‘refused to comply’ with President Bush’s ‘diktat’, a writ for the immediate arrest of Henry M. Paulson Jr. was issued between 3.00pm and 4.00pm EDT on 30th November by a US Federal Judge. Multiple law enforcement and military (‘special forces’) teams then scoured the Washington, DC, and New York areas, looking for Mr Paulson, who had hidden himself during the afternoon. At approximately 4.15pm, the Treasury Secretary was served with the writ for his arrest. It is understood that this was a ‘performance-related’ warrant which, by definition, is dependent upon fulfilment, with non-fulfilment ‘confirming’ implementation of the arrest.

‘I DIDN’T KNOW THE PRESIDENT HAD AUTHORISED PAYMENT’
Paulson then responded with words to the effect ‘Oh, gee, I didn’t realise that the President had authorised the Wanta payment: I’ll check with the White House’. It was subsequently implied that the Treasury Secretary had then ordered the release of Wanta’s funds from Citibank to Morgan Stanley by the Treasury Direct means originally instructed at the outset in June 2006 – thereby, incidentally, confirming (as Mr Cottrell had perceived) that the Citibank procedural ‘requirements’ were entirely fraudulent, which was what Mr Cottrell had had to expose in the way he did. By this means, Henry M. Paulson escaped arrest on Friday afternoon/early evening.

He just told the law enforcement people that he would make the payment.

And then, of course, he didn’t.

SEARCH FOR PAULSON ON SATURDAY 1ST DECEMBER
As of 10.00 a.m. EDT on Saturday 1st December 2007, no evidence had been forthcoming or even appeared to exist, that the $4.5 trillion payment was ever made. No written confirmation had been received by the Principals to that effect, and all enquiries by them to confirm that the payment that Paulson had led the arresting law enforcement officers to believe would be ‘done immediately’, came up dry. As usual, Paulson had lied through his teeth.

Accordingly, while the Editor was being briefed for this report, the writ for Mr Paulson’s arrest was again activated, and we were advised that Paulson would be arrested in the course of Saturday. As can be imagined, this will represent the worst possible scenario given that, as noted, Saturday 1st December 2007 is the first day of the new Basle II on-the-books international banking environment, within which, absent the Wanta payment and its consequential payments, none of the big US banks can balance their books on-the-books, so that most if not all of them will be in default by the end of next week and therefore technically insolvent.

SATURDAY AFTERNOON: NO PAYMENT, PAULSON VANISHES
At 4.00pm EDT on Saturday 1st December, no payment had been forthcoming, and the Treasury Secretary had disappeared. He was therefore being sought by law enforcement, DOD Internal Affairs, and even the CIA’s own agents all over the place. He was to be arrested if he could not provide immediate concrete documentary proof that the Wanta payment has been made, triggering the country and Tier 1-10 payments. The participation of the CIA in requiring the payment indicates that a ‘tipping point’ has taken place, with the CIA now furious that payments are being delayed and no longer (at least not this weekend) trying to undermine the Ambassador’s party with the kind of confused disinformation we had to expose in the preceding report.

[This statement needs to be modified, since the preceding report was ‘snipped’ on 30th November and 1st December, given that we had highlighted odious US deception operations. By ‘snipping’ our reports, operatives REVEAL that we have scored a bullseye, which is STUPID].

PAULSON IS STEALING MONEY EVEN WHILE ‘ON THE RUN’ AND EVADING ARREST
The situation is exacerbated by the fact that this Paulson crook is STILL STEALING MONEY, via the military ‘grey screen’ system, in collaboration with President George Bush Jr. (who, as pre-Provost Marshal-time Commander-in-Chief, would have had access to the necessary military ‘grey screen’ unit which we think he has ‘loaned’ to Paulson).

The fact that Mr Paulson is STILL STEALING MONEY while on the run, and because he thinks he is covered by his blackmail hold over the President, represents the worst display of official financial criminality in the history of the United States.

Furthermore, these crimes are being committed in the face of the arrival of the Basle II on-the-books banking system, with the US banks, led by Citibank, running immense risks because nothing like enough cash is available on the books to cover their liabilities in accordance with the agreed-upon Basle II banking system rules.

• SHARP REACTION TO THIS REPORT RECORDED ON SUNDAY 2ND DECEMBER
In the course of Sunday afternoon, the Editor was informed that there had been sharp reactions to this report (which has been updated, including at this paragraph). It appears that the ‘certain folks’ were not ‘appreciative’ of the fact that their deceptions, slippery snake-like antics and other snide stratagems to try to keep the lid on the worst corruption crisis in world history, was being exposed in ‘real time’ on this website. Our generic response to this ‘line’ remains unchanged: THEY HAVE ONLY THEMSELVES TO BLAME. If they had done what they should have done in June 2006, and paid the Ambassador the $4.5 trillion that belongs to him, none of this would have ‘come out’. As matters stand, it is all ‘coming out’, and the various panic buttons that are now being pressed can do little to alleviate matters for the criminalist cadres involved. IT’S TOO LATE.

Their immediate response has been to ratchet up their regurgitation of old lies and disinformation against the Ambassador, and to goad their scattered disinformation apparat lackeys to promulgate lies and disinformation about the Editor of this service, in a belated attempt to discredit an Editor who has been publishing a global financial journal successfully for nearly 40 years. An example of what is going on is appended below the Legal Section, where we expose the use of Wikipedia to bed down regurgitated ‘old lies’ about Ambassador Wanta. These cannot ‘fly’. But that does not mean that these desperate liars and their odious discrediting teams will not try.

The Editor has asked the appropriate circles to insist that all offensive lies and disinformation, and all attacks on communications facilities of the Ambassador and others, should CEASE FORTHWITH, as a sensible prerequisite to lowering the overall temperature of this crisis. The alternative will necessarily be that the temperature will continue to rise. These idiots have no understanding of psychology. Furthermore, we will interpret any continuation of the disinformation campaign as a clear signal of malevolent intent once the Ambassador has been paid, including an intent to set him up again and to steal the money back from him. That won’t work, either, for ‘special’ reasons: but these compartmentalised criminalist operatives are STUPID and never understand reality.

RATIONALISATIONS OF THIS UNPRECEDENTEDLY RECKLESS CONDUCT
Several parallel explanations of this behaviour can be advanced:

1. This represents a last-ditch feeding frenzy by Paulson and the criminal financial cadres to stash as much stolen money abroad as possible, before they flee. However this is ludicrous, since every cent of what they are stealing and diverting within the US dollar system is being traced in real time.

2. As discussed at the beginning of this report, these people have deliberately created a truly catastrophic situation in accordance with the long-range strategy to generate ‘the ruins of the United States’ upon which these Nazis and Zionazis intended to ‘build the Thousand-Year Reich’. Because their plot has been unravelled here in ‘real time’, it’s not going to work; but what matters with these Luciferians is what is in their minds.

3. They are out of their minds and in Satan’s mind (consistently with 1 and 2).

IRRATIONAL RESPONSE OF ‘WE WILL NEVER PAY WANTA A CENT’
Their display of mad arrogance is accompanied, as noted above, with a chorus of ‘we will never pay Mr Wanta a cent’, which can only be described as an irrational response to the bind in which these Illuminati culprits find themselves, consequent upon their endless criminality. And behind all this lurks the internal anger of the Dark Forces themselves, given that the behaviour of these criminals has alienated key European families and other powerful worldly interests who do not take kindly to being double-crossed and deceived by those with whom they have rashly cooperated in the past. Interfering with such parties’ bank accounts was a bad mistake which is having ‘consequences’.

DEUTSCHE BANK (DVD’S BANK) AT THE CENTRE OF THE CRISIS
It is understood that sitting in the centre of this catastrophic situation is the Nazi Continuum’s very own banking institution, Deutsche Bank. This institution is also alleged to have been implicated in the recent so far unreported attempted (failed) murders of ‘finance ministers’ (in the plural).

The names familiar of Greenspan, Cheney and Paulson are mentioned by intelligence sources, in this very disturbing foreign subversion connection.

Because of Paulson’s interference (which may of course have been deceitfully coordinated with President Bush, as each of these crooks seeks both to blackmail the other and to cover up what has been going on between them at the same time), the big US banks are facing imminent collapse, given the commencement of the Basle II regime, because they cannot evidence moneys on the books to cover their liabilities.

DELIBERATELY CONTRIVED, LONG-TERM FASCIST COLLAPSE
Citibank is bust and the situation facing Bank of America, JP Morgan, Wachovia et al, is precarious in the extreme for the same reason, as there is vastly inadequate liquidity (cash) on the books.

More generally, Paulson has still been ‘out there’ with Bush Jr, playing the SAME game as has continued non-stop since June 2006: ‘It’s not my fault’. The difference this time round is that these reckless criminals are doing this the other side of the looking-glass. Failure to remit the Lee Wanta payment, which is necessary in order to trigger the other appended payments, beyond the deadline for the commencement of Basle II, represents an Act of War against the United States and Britain: and we hereby specifically accuse the German Government of coordinating this operation through DVD, Dachau, in collaboration with its Zionazi colleagues in the State of Israel.

This is a classic Fascist operation, designed to enable the perpetrators to mop up assets at fire-sale prices after a deliberately contrived collapse.

AN INTERESTING IRAQI DIMENSION
In this connection, it is interesting, is it not, that the incidence of deaths in Iraq has suddenly fallen off, as recently announced. The key reason for this is that the terrorist operatives secretly working dialectically with the US revolutionary Government have not been paid, because the Pentagon has run out of cash, as it desperately needs the on-the-books monies that should have been remitted from the Wanta windfall tax payment and subsequent on-the-books tax accruals from transparent financial trading operations under The Wanta Plan.

Deaths have fallen because the deaths provoked by controlled ‘rogue’ US and foreign (including GRU) terrorist cells paid for by the Americans, are not happening, as the controlled terrorists are not being paid. The ‘terror’ in Iraq is a controlled operation designed to provide the pretext for US forces to remain in Iraq indefinitely, so as to (a) perpetuate control the Central Bank of Iraq by the White House (see below) and (b) to sit on top of the country’s colossal reserves of oil.

Remember that the attack on Iraq in March 2003 was a BANK RAID, intended to steal the Central Bank of Iraq’s cash and gold, and to acquire control over Rafidain Bank (which the Nazi-trained intelligence operative Saddam Hussein used as, and considered to be, his private bank and which had accumulated some $100 trillion in fiat money assets that the Bush criminal cadres coveted).

Recall, too, that in order to cover up this bank raid, the Americans deliberately procured that at least 100 special operatives who had been engaged in the seizure of the Central Bank of Iraq and its assets, were all immediately liquidated. The Editor has heard that the figure of about 100 such operatives, which he originally came across in 2003, may have been much higher.

The Central Bank of Iraq APPEARS to be an independent central bank, but in reality it is directly controlled by the Bush II White House. Control of this central bank is crucial to the White House, because control of a tame central bank enables the White House, through the Federal Interbank Settlement Fund, to continue off-the-books fiat money trading operations, the illicit proceeds of which can be permanently hidden from view. In other words, President Bush Jr. has been running this war, and procuring the deaths of Iraqis and Americans in massive numbers, purely for corrupt, Fascist personal profit. He has been doing this against the background of an environment of comprehensive corruption and mutual blackmail in Congress, the Judiciary and the Executive Branch itself – a general circumstance that has given him a sense of immunity and invincibility.

He does not yet appear to appreciate that he, Tony Blair, Rumsfeld and others are considered to be war criminals, given that the entire Iraqi War and occupation are illegal under international law, and that none of these people will be able to travel abroad: the only reason that Blair can travel is that a fake ‘diplomatic job’ was concocted for him to provide him with protection against arrest.

But now that Bush Jr.’s own illegal assets have been frozen (along with the bank accounts of Bush Sr., including those located in Latin America) he cannot continue financing the Iraq conflagration from his own illegal fiat money assets; and since the Department of Defense has no money either (it must work with on-the-books funds, the only source of which is the Wanta taxation windfalls), all of a sudden, the casualty count in Iraq is falling. This has enabled pro-‘surge’ fans to turn round and say ‘we told you so’ – and even previous Congressional antagonists of the ‘surge’ to admit that ‘it’s working’ – without understanding any of the above.

OTHER HORRENDOUS DIMENSIONS OF THIS CRISIS
Several further observations illustrate the far-reaching impact that this historically unprecedented crisis (ignored by the cowardly, bribed ‘mainstream’) is delivering:

• GORDON BROWN IN DEEP, RELATED TROUBLE
As we noted in an Update on 30th November, The Daily Telegraph displayed a huge, cropped front-page photograph of Sub-Prime Minister Gordon Brown with his eyes closed, and apparently in a condition of extreme depression. As we hinted, there must be a reason for this that has nothing much to do with the parallel Israeli-linked ‘donations sleaze’ crisis* that has erupted around the Labour Government and which, coming on top of other catastrophes such as the near-collapse of Northern Rock, and the seizure by Dutch mob fraudsters of the private details held by HM Customs and Revenue of 25 million people in the United Kingdom (followed by daily reports of further huge thefts of data from HM Customs and Revenue) – inducing the fastest collapse of confidence in any British Government ever recorded. [*Note: We believe that this dimension of Brown’s troubles is a ‘satellite’ operation perpetrated by Israeli intelligence, which appears to be engaged in a flanking destabilising offensive, to buttress the horrendous planned ‘takedown’ described in this report].

Here is the real underlying cause of the Sub-Prime Minister’s evidently near-terminal despair.

It will be recalled that some time back we identified the fact that the Bank of England has been running a specialist fraudulent finance boiler-room scam via an operation out of Birmingham. The contract paperwork for this operation, with which the Clintons, Cheney and Bush Sr. were allegedly involved, was lodged off-balance sheet with Northern Rock.

The activity in question was exposed earlier on this website as involving a character named Carl Daniels. We have since learned that transactions in this connection were being conducted from the Israeli Embassy in London. If so, this represents a clear breach of diplomatic protocol and, if the Northern Rock situation now deteriorates, would call for the Israeli Ambassador at the Court of St James’s to be severely reprimanded. This serious development needs also to be seen against the background (a) of the geopolitical analysis presented at the top of this report, and (b) of the sleaze crisis that is engulfing Gordon Brown and his Government, which appears to represent a Black intelligence operation against the British authorities, probably intended to obfuscate any proven complicitly of the State of Israel in the unravelling Wantagate-related financial corruption crisis.

Under the Basle II regime, Northern Rock cannot use these ‘assets’ as collateral (on the books). Aware of this, the Sub-Prime Minister personally authorised the injection of billions of pounds into Northern Rock, to end the images of British people lining the streets to remove their funds from Northern Rock branches, in the first run on a bank recorded in Great Britain for nearly a century and a half. These images, which threatened the reputation of the City of London and implied that Britain was no better than Argentina, did more to destroy Brown’s (false, contrived) reputation than anything else, since lines of people withdrawing their savings from high street banks in the rain, are immediately and rightly blamed on the Government.

Northern Rock is now imminently vulnerable to collapse, as under Basle II, its on-the-books assets must cover its liabilities, which is impossible because the assets provided by the Bank of England’s corrupt ‘back door’ boiler room operation, are all illegal and off-balance sheet.

As noted, Bank of England fraudulent finance operations were being handled with the Clintons, and Bush Sr. and Bush Jr. Hence, when Northern Rock collapses, Gordon Brown collapses with it, as he alone will be blamed. This insight provides the first evidence that the Wantagate scandal ‘connects with’ the Sub-Prime Minister’s own horrendous situation.

Of course, the UK Sub-Prime Minister will ALSO be blamed for everything else that is about to go wrong, too, including the generalised financial and economic crisis that Paulson has precipitated – or will have done if the Principals have not received formal written confirmation this weekend that Paulson has actually procured the transfer that he deceitfully told law enforcement officials on 30th November, that he had ordered.

• The Editor wishes to add that he is in 100% agreement with a sober op-ed article printed in The Daily Telegraph of 3rd December 2007, in which the ‘Conservative’ Party leader, David Cameron, was reprimanded for his extreme cruelty towards Gordon Brown at a Prime Minister’s Questions Show Trial recently. It is reported that the Prime Minister’s hands were trembling, whether in anger or terror, being unknown. The British people, despite their many faults, are HUMANE and will not have taken kindly to this spectacle, which departed from all residual standards of decency, and which will have signalled to all and sundry that this man is ignorant of the word: MERCY.

• DIVERSIONARY GUNMAN EPISODE ORCHESTRATED FOR RODINSKI
It was reported on 30th November that a gunman took some hostages and held them at a Hillary Rodinski Clinton election campaign office. The hostages were released without a shot being fired, indicating that this was a fraudulent diversionary set-up exercise, organised by counterintelligence coming to the aid of its candidate, so as to serve up diversionary headline fodder for the gullible controlled media, thereby deflecting attention from Wantagate and its explosive implications and unpleasant consequences. These may include dire consequences that are liable to swamp lesbian candidate Hillary Rodinski, who has a violent temper and is extremely vulnerable to blackmail and exposure, not least given the small matter of the ‘undeclared $500 million’ (see below).

• BERNANKE AND KOHN DECIDE IT’S TOO HOT IN THE KITCHEN
On 30th November, Dr Ben Bernanke, Chairman of the Federal Reserve Board, visited Bank of America at its headquarters in Charlotte, North Carolina (located on the Illuminati’s 33rd parallel).
As previously reported, Bank of America is to serve as the de facto Central Bank of the United States (not a pleasant thought, but it’s factual).

It is understood that both Dr Bernanke and the Vice Chairman of the Board of Governors of the Federal Reserve System, Donald L. Kohn, have both decided that the appalling situation that has cumulatively arisen due to the hijacking of Ambassador Wanta’s funds and Wantagate generally, has become much too dangerous for each of them personally to remain inside the kitchen, and they are accordingly reported to have suddenly ‘changed sides’. Kohn appears to be especially vulnerable, due to his alleged connection with devious Deutsche Bank transactions.

• ABU DHABI FUNDS STOLEN BY CHENEY WHILE JOHNSON WATCHED
The funds that vanished to Abu Dhabi are understood to represent money stolen by Vice President Cheney with the acquiescence (it now appears) of the since discredited Provost Marshal General, Rodney L. Johnson. As noted in the Update posted on Friday 30th November, Cheney checked in to hospital with supposed irregular heartbeat trouble. He makes a habit of checking into the hospital when he finds himself in a fix, and has on several occasions simply walked out of a back door and hired a cab to take him home.

• BANK ACCOUNTS FROZEN, PASSPORTS CANCELLED
In addition to the freezing of his bank accounts, including those in Latin America, George Bush Sr. is reliably reported to have had his passport removed by the State Department; so he cannot leave the country legally. The whereabouts of Mr Robert Rubin, who attempted to steal the $4.5 trillion in collaboration with George Bush Sr., even as Rubin was ordering the owner of the funds and his diplomatic colleagues off Citibank’s Midtown premises, is still unknown to this reporter.

It is believed that Vice President Cheney may have tried to flee the country, but his passport is reported to have been cancelled also. The same applies to former President Clinton, who cannot move abroad either. He is now engaged in a subtle operation to derail his CIA wife’s presidential election campaign, as the very last thing he needs in the White House is this woman who throws ashtrays and lampshades at people and splits their heads open with them, orders her thugs to murder lesbian rivals, and is permanently vulnerable because of her alleged theft of $500 million from Crozier Bank, Grenada, which she failed to declare for tax purposes (because she couldn’t). He’s much safer with her where she is. When four US agents arrived at Crozier Bank (which later closed its doors) to investigate, it was mysteriously discovered that the videotape recording Mrs Hillary Rodinski’s visit, was blank for the duration of her presence at the bank.

THE OBJECTIVE SITUATION ‘AS WE SPEAK’
These details aside, the situation this weekend can be summarised as follows:

• Since the Wanta $4.5 trillion, and the payments it triggers, had not been remitted by the start-up of the Basle II exclusively ‘on-the-books’ financial environment, no large US bank can cover its liabilities with on-the-books assets, which means that there will be bank collapses within a matter of days. The banks are liable, and cannot function without cash on the books under the new regime.

• Foreign powers that are fundamentally hostile to the United States and Britain (‘the Main Enemy’), assisted by traitors in the United States (Bush Sr., Bush Jr., Cheney, Rubin, et al) are intending to procure the destruction of these two economies, with the classic Fascist intention of establishing hegemony over the hated World War II enemy that they anticipated under the slogan ‘Fur uns ist ser Krieg niemals vorbei’ (‘For us, the war never ended’).

• An unprecedented collapse of asset prices is imminent, with the economic and financial consequences foreseen in our report dated 2nd September 2006, plus geopolitical and social outcomes which have the potential to mature into humanity’s worst conceivable nightmares.

• This has all been organised deliberately. That is the only possible explanation, since the only way out is to release the hijacked funds; and yet Paulson, faced with arrest, said he would do just that and then, as usual, failed to do so.

He has openly boasted that President Bush cannot sack him – a claim which appears to be based not only upon the manifestly severe prospective international financial consequences that would ensue if he were to be sacked, but also upon the latent blackmail hold that he clearly maintains over the President. (He couldn’t be bothered to resign within the seven days putatively imposed upon him by the since discredited Provost Marshal some days ago)

NO PAYMENT HAD BEEN MADE BY THE TIME OF THIS POSTING
The situation could probably be saved by release of the Wanta funds and then the linked funds over this weekend, but beyond that, the Basle II effect will overwhelm the US financial system. Of course, the Americans could presumably augment their global pariah status by just ignoring Basle II, in which case New York will rapidly cease to remain a world money center; but that is ruled out by that very consideration itself.

So it looks as though these criminal financial operatives, working for Germany (DVD, Dachau), have every intention of ‘just letting it happen’. They may believe, by now, that they have nothing to lose – whereas, just like the Rest of Us, they will lose everything.

‘SNIP’: THE ILLEGAL ‘SNIPS’ OF OUR REPORT DATED 29TH NOVEMBER

(1) The legal section at the foot of the report was found on Friday 30th November to have been illegally ‘snipped’ at the important subhead that reads: ‘Step 3: Theft by Deception and Fraudulent Conveyance’. All subsequent legal text and notes had been removed, but have now been restored. FACT: These terrified criminals are extremely stupid, which is why it is appropriate to describe the US intelligence community as the US STUPIDITY COMMUNITY. By ‘snipping’ this text, these idiots hereby reveal what is concerning them. Have they only just woken up to the hazards they face?

What was it that was going on earlier in November? Remember when Paulson was found at Citibank on a Saturday over a holiday weekend, and it was discovered that the $4.5 trillion had been moved into a fictitious account with Morgan Stanley for onward conveyance to a third corrupted American institution? Was that not indeed a monumental case of THEFT BY DECEPTION AND FRAUDULENT CONVEYANCE? Of course it was.

Now you know why they ‘snipped’ the relevant legal text. In so doing, they revealed that we have correctly hit a nerve, and that they are co-conspirators and accessories to the fact.

(2) FURTHER ILLEGAL ‘SNIP’: On Saturday 1st December 2007, the preceding report was found to have been further ‘snipped’ at point (5), where the Editor cited a comment sent by a CIA operative direct to the Editor in an email. The operative’s statement was as follows: ‘Certain folks were upset with ‘your’ Mr Cottrell as he was making certain demands in a way that was not appreciated’. As we have explained in the present report, Michael Cottrell used deception techniques such as these people routinely use on others. That was why his demands ‘were not appreciated’.

The lack of appreciation reflected the fact that these people had been caught at their own deception game, and had been found of course to have been engaged, as usual, in egregious deception. The Editor was annoyed to have been emailed this observation, as it proved that the sender is an operative, engaged in deception of the Editor himself, which is why he will have nothing further to do with these agents.

LEGAL SECTION:
PEOPLE OUGHT TO 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 [scienter] 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’.

IIT’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 kakistocracy* 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: ‘Kakistocracy’: Governance by a clique representing the worst elements of society, 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.