GLOBAL ANALYSIS

Back to Archive Print Donate
Send email link
to this report

OVER THE CLIFF: FULL FAITH AND CREDIT DITCHED

CRIMINALS TRYING TO STEAL THE WANTA FUNDS

Wednesday 2 August 2006 11:42

By Christopher Story, Editor and Publisher, International Currency Review: www.worldreports.org

ON 1ST AUGUST, TWO ATTEMPTS WERE MADE TO STEAL THE $4.5 TRILLION OF FUNDS DESTINED FOR ACCOUNT OF AMBASSADOR LEO WANTA AND HIS AMERITRUST GROUPE, INC.

A NUMBER OF EARLIER ATTEMPTS WERE REPORTEDLY MADE TO STEAL THE FUNDS FROM 14TH JULY ONWARDS. NONE OF THE ATTEMPTS HAVE BEEN SUCCESSFUL.

ALL ATTEMPTS TO STEAL THE $4.5 TRILLION SO THAT IT 'DISAPPEARS' ARE BEING MONITORED BY THE U.S. DEPARTMENT OF JUSTICE, AND NOTIFICATION OF THESE SUCCESSIVE ATTEMPTS IS BEING MADE DIRECT TO PRESIDENT GEORGE W. BUSH.

THE FUNDS HAVE NOT BEEN STOLEN, AND CANNOT BE STOLEN: BUT THESE REALITIES ARE NOT PREVENTING ATTEMPTS BEING MADE TO STEAL THEM.

ALL HIGH-LEVEL U.S. GOVERNMENT AND CABINET OFFICIALS, FROM THE PRESIDENT OF THE UNITED STATES, THE CHAIRMAN OF THE FEDERAL RESERVE BOARD, THE U.S. ATTORNEY GENERAL, AND THE HEAD OF THE INTERNAL REVENUE SERVICE DOWNWARDS, WHO ARE AWARE OF THESE CRIMINAL DEVELOPMENTS, ARE DE FACTO ACCESSORIES TO THE FACT AND ARE VULNERABLE TO MISPRISION OF FELONY AND CO-CONSPIRACY CHARGES.

PREVIOUSLY, THE CROOKS CONCERNED WERE ACCUSTOMED TO STEALING FUNDS IN WHAT THEY THOUGHT WAS PITCH DARKNESS, WITH NOBODY WATCHING THEM.

NOW THEY ARE DOING IT WITH THE SPOTLIGHT TRAINED ON THEM, IN BROAD DAYLIGHT – A SURE SIGN OF ARROGANCE AND DESPERATION.

The Bush White House, the US Federal Reserve, the US Attorney General, the Internal Revenue Service, the Supreme Court, senior US legislators, and the corrupt US intelligence community – a self-financing 'state within the state' which is impervious to criticism, contemptuous of democracy and the American people, and both in control and out of control – have also jointly and severally destroyed what remained of the concept of the 'Full Faith and Credit of the United States'.

U.S. OFFICIAL UNDERTAKINGS NOW REGARDED ABROAD AS BEING WORTHLESS
The Rest of the World has now finally understood that no undertaking by any of these parties has any validity, in the same way that Leninist agreements were worthless because Lenin taught that all agreements with 'the Bourgeoisie' could be reneged upon whenever it suited the World Revolution to do so. The United States is now a Leninist state, following Leninist principles of state deception to the letter. Leninist behaviour typically devolves ultimately to outright criminal activity: that is the condition to which the US Government and its structures have sadly descended.

In November and December last year, lawyers acting for the authorities on the one hand, and for Ambassador Leo Wanta on the other, reached a compromise agreement under which this great American patriot was to receive $4.5 trillion from the vast store of funds of which he is the Trustor, corralled at the end of the Cold War on Presidential instructions.

Under the accord, Leo Wanta's corporation, AmeriTrust Groupe, Inc., registered on 20th May 2004
in Virginia (1), would pay 35% of these funds direct to the U.S. Treasury, a further 6% to the State of Virginia, and very substantial ongoing windfall payments to the Treasury – arising from on-balance sheet trading operations, and projects intended for the benefit of the American people.

The Wanta Plan would accordingly reverse the pernicious escalation of off-balance sheet trading indulged in by the 'state within the state', which enriches large numbers of dubious intelligence and financial intermediaries, a large proportion of whom are engaged in systematic tax evasion.

At the same time, The Wanta Plan would assist compromised international financial institutions, which have annexed, collateralised, cross-collateralised and hyothecated Wanta's funds for their own benefit, as co-conspirators with crooked US intelligence cadres – having accepted as valid the CIA's deliberate lie that Ambassador Leo Wanta was dead, so that the funds would never be called [see preceding reports at www.worldreports.org: Home Page/Archive].

U.S. PARTIES APPEAR TO HAVE NEGOTIATED IN BAD FAITH
The Wanta Plan was scheduled to have entered into operation many weeks ago. But instead of meeting their legal obligations, the official parties concerned revealed that they negotiated in bad faith and have failed to deliver.

After the funds were illegally transferred by the Federal Reserve, which had itself been holding them illegally, into the hands of the Chairman of Bank of America, who is not the owner of the funds, it became clear that criminalised elements of the Government, intelligence and banking structures seemed intent on continuing to play fast and loose with these monies – risking the integrity of the U.S. Government itself, and thereby jeopardising the viability of not only the U.S.
dollar system, but also of the entire world financial infrastructure.

International finance and therefore global economic welfare depend crucially upon confidence.
By reneging on their obligations in respect of the crucial Wanta Settlement, the White House and its co-conspirators have signalled to the entire financial world that they all prefer to scam like common Chicago gangsters, rather than to behave with appropriate integrity and regard for the stability of the international financial system.

Not surprisingly, the price of gold rose sharply as soon as it was realised around the world that the deadline for the Wanta Plan Settlement – close of business on 31st July – had passed, and that the US Government had annexed the funds and reneged on its undertakings.

The gravity of this situation and its adverse implications for the US dollar and the international financial system cannot be overemphasised.

SETTLEMENT OF 'THE WANTA PLAN' HIJACKED BY THE PRESIDENT
Already, by the third week of July 2006, it had been confirmed that elements of the U.S. structures had, as is usually the case, dealt treacherously with Ambassador Leo Wanta, using him as bait in that the formal agreement, approved by President George Bush, the U.S. Treasury, the Supreme Court, senior legislators, the Federal Reserve System and other prime parties, had been hijacked by the President himself, aided and abetted by the Chairman of the Federal Reserve, Dr Ben Bernanke – who, according to The Wall Street Journal [26th July 2006] saw fit suddenly to publish details of his assets, which he gave as just $2.5 million at the end of 2005.

Since Dr Bernanke is/has been a co-conspirator and an accessory to the fact of gigantic financial, fraud ‘as we speak’, the publication of this ‘information’ was considered by informed observers, shall we say, to be extraordinary. For when it transpires (see below) that Dr Bernanke may have himself accumulated vast off-balance sheet profits which could hardly be reported for taxation purposes without exposing his part in the rackets described herein, there will be a benchmark
on the record, against which his hidden accruals can be measured. How stupid is that?

The Wanta Plan represented a compromise which was intended to meet outstanding obligations
to Ambassador Leo Wanta dating back to the early 1990s, while sidestepping the obstacles that would arise if the full principal, which the US Treasury has verified as amounting to $27.97 trillion (excluding accruals), were to be disgorged plus accruals by the international banks holding them offshore – in favour of Leo Wanta and his corporation.

Pursuant to the Settlement agreement, reached in principle in November 2005 after Leo Wanta had resurfaced and signed off in December, then finalised this year, monies totalling $4.5 trillion were duly transferred across the exchanges and delivered to a central institution in the United States during May and June 2006, directly causing the financial market disturbances so widely reported upon and discussed at the time.

Financial journalists all failed to identify the cause of the disturbances, and typically engaged in uninformed and idle speculation as to the factors concerned. Even as late as early August, not a single financial journalist from the Financial Times or from any other outlet had bothered to contact the Editor of International Currency Review for assistance with what can only be described as the biggest public domain financial story, and crisis, in world financial history. Without exception, these journalists and media are in dereliction of their duty to report what is happening.

PRIVATE FUNDS BELONG TO AMBASSADOR LEO WANTA, AND TO NO-ONE ELSE
The private funds that were repatriated, taken from the $27.97 trillion, do not belong to the Bank of America or its Chairman, do not belong to the US Government, do not belong either to the Federal Reserve, do not belong to the American Treasury, and do not belong of course to the President of the United States or to any other party whatsoever, other than to Ambassador Leo Wanta and to his financial business corporation AmeriTrust Groupe, Inc.

Moreover on 30th June 2006, Leo Wanta, in a letter to President George Bush Jr., confirmed in writing (not that this was even necessary) that ‘the US Department of the Treasury, with the full working knowledge of the Chairman of the Federal Reserve Board, Dr Ben Bernanke et al [had] completed the necessary internal joint/compliance documentation, to release the $4.5 trillion directly to AmeriTrust Groupe, Inc. [ATG]’ to enable ATG ‘to meet our corporate commitments in a timely manner’.

The letter confirmed at the same time that despite the fact that the formal official paperwork had long been completed, the corporate Settlement funds had not been released. None of the parties concerned has ever disputed any of the documented facts of this matter, or the validity of the high-level signatures appended to the relevant documentation. Moreover the $4.5 trillion was clearly earmarked for the benefit of Leo Wanta/ AmeriTrust Groupe, Inc. at all stages of the process.

'FULL FAITH AND CREDIT OF THE UNITED STATES' JEOPARDISED BY RECKLESS BEHAVIOUR
By appearing to renege on the agreement, the President of the United States and the Chairman of the Federal Reserve had therefore called into question the reliability of ANY undertaking signed by any of the parties concerned, from the President of the United States, the Chairman of the Federal Reserve Board, and the Treasury Secretary, down. The ‘Full Faith and Credit of the United States’ has been jeopardised and called into question. The Federal Reserve has in any case acquired for itself a dubious reputation for corruption and for unreliability, ever since it played similar cynical games with the original $27.97 trillion in 1989-92.

Because of that experience, most institutions around the world recognise that the Federal Reserve is an institution which cannot necessarily be relied upon to meet its legal obligations.

Ironically, Hank M. Paulson Jr., the highly qualified and newly appointed Secretary of the Treasury – successor of the previous Secretary, John Snow, who appeared to have been unable to ‘take the heat in the kitchen’, and may also have allowed himself to be compromised – has done everything he could from the moment of his appointment to pressurise his colleagues at the Fed and also at Cabinet level to fulfil their undertakings and to complete the Settlement.

Not only had Mr Paulson found himself, all of a sudden, at the receiving end of unprecedented domestic and global pressure for the compromise Wanta accord to be consummated, but he will also have realised that he, as head of the U.S. Treasury, might prospectively have become an accessory to the fact and a co-conspirator to defraud Ambassador Leo Wanta, AmeriTrust Groupe, Inc., the United States, the Treasury itself, the American people, etc – an unpleasant situation for such a distinguished man to find himself in, after a successful career at one of the world’s leading financial institutions.

One can imagine his chagrin at having had the ground so savagely cut from beneath his feet by the President who enticed him from his lucrative Wall Street post, only to hand him such a poisoned chalice immediately upon taking office.

ALBERTO GONZALES, ATTORNEY GENERAL, IS DEAF AND DUMB: MISPRISION OF FELONY
Another of Mr Paulson’s colleagues, Alberto Gonzales, the U.S. Attorney General, who is fully informed about this combined financial and constitutional crisis, had remained, by late July, both deaf and dumb, and was failing to fulfil his oath of office, which requires him to uphold the Rule of Law. To begin with, this official is glaringly in breach of the USC Title 18 [Part 1, Chapter 1, Section 4] provision, derived from English Common Law, labelled ‘Misprision of Felony’, whereby ‘Whoever, having knowledge of the actual commission of a felony cognisable 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’.

So here we have a United States Attorney General who has full ongoing knowledge of high crimes and misdemeanours (see below) who, as of late July, was conspicuously failing to enforce the law, was not standing up to his boss, and lacked the guts to resign his post – which, to be frank, was the only course open to him if he, too, wished to avoid ultimately being ‘taken down’, to use the cynical standard U.S. intelligence jargon for the consequences of criminality.

In fact all those responsible for this state of affairs were allegedly conspiring to defraud not only AmeriTrust Groupe, Inc., and Leo Wanta, but also the Treasury, the United States, and therefore the American people. The penalties for such conspiracy to defraud in the United States are extremely severe, with RICO penalties ranging from three times to seven times damages (in some instances).

ACCESSORIES AFTER THE FACT AND CO-CONSPIRATORS TO DEFRAUD
Under Title 18, Crimes and Criminal Procedure, Part 1, Crimes: Chapter 1, General Provisions, it is laid down under the heading ‘Accessory after the Fact’ that: 'Whoever, knowing that an offense against the United States has been committed, receives, relieves, comforts or assists the offender in order to hinder or prevent his apprehension, trial or punishment, is an accessory after the fact. Except as otherwise expressly provided by any Act of Congress, an accessory after the fact shall be imprisoned not more than one-half the maximum term of imprisonment or [else] fined not more than one-half the maximum fine prescribed for the punishment of the principal, or both; or if the principal is punishable by life imprisonment or death, the accessory shall be imprisoned not more than 15 years'.

All concerned, including prospectively the new US Treasury Secretary, were and are actually or prospectively vulnerable to prosecution under this and associated Statutes. For his part, the new
U.S. Treasury Secretary was, of necessity, working conscientiously day and night, to resolve the situation, in order to avoid falling into this trap himself – and also because of his understandable desire for the Treasury to reap the genuine cash on-balance sheet benefits which were to accrue from the delayed Settlement, now known (since the G-8 Meeting) as The Wanta Plan.

Mr Paulson, too, was prospectively caught by the 'Misprision of Felony' law [USC Title 18, Part 1, Chapter 1, Section 4], and will further have been cognisant, naturally, of the Provisions of the Organized Crime Control Act of 1970, and of the looming threat of RICO indictments.

These and other provisions of law, including the felonious implications of conspiring to prevent
a taxpayer from paying the taxes he is required by law to remit, are applicable to holders of the highest offices, past and present, from the current President of the United States down.

FALSE 'TRANSACTIONAL IMMUNITY' AND TAX EVASION
Some smart fellows have erroneously alleged that those engaged in trading the $4.5 trillion which should long since have been credited for the account of Ambassador Leo Wanta and AmeriTrust Groupe, Inc., were protected in some way or another by some form of ‘transactional immunity’.

This is a concept applicable to a person who is required to testify before a Grand Jury and who may consider, or whom his lawyers may consider, might be placed in jeopardy should he/she have been obliged, for instance, to conduct illegal transactions while performing his/her duties in accordance with a superior’s instructions. However ‘transactional immunity’ can never apply to someone who is knowingly engaged in fraud or other felonies.

For the little local difficulty that these 'smart fellows' appear to have collectively overlooked is the fact that, under the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) et seq., the US Internal Revenue Service taxes the global income of all American citizens, which of course means that off-balance sheet accruals are all taxable. Failing to declare such accruals to the Internal Revenue Service is tax evasion, for which the statutory penalties are exceptionally severe, including long imprisonment, a requirement to pay the tax evaded, and massive additional penalties.

And all the illegal transactions that have typically been conducted off-balance sheet behind the scenes, and that were taking place with Leo Wanta’s $4.5 trillion as this issue went to press, were all taxable. Nor will the crooks and conspirators concerned have been intending to pay any taxes.

So whatever immunity these people might have thought that they may somehow enjoy – and the Editor of International Currency Review is advised that it is either legally unreliable, non-existent, or all of the above – they enjoy no immunity in respect of their serial failure to pay tax on off-balance sheet operations. And it is in this context that all concerned are liable to be charged with tax fraud – on a scale with no historical precedent.

Nor of course will any of the high-level and intelligence criminals, traders, individuals and crooked lawyers be inclined to divulge their off-balance sheet transactions, in order to meet their taxation obligations – since not only did they never intend to pay any tax at all to the U.S. Government, but divulging such operations would expose them immediately to criminal charges for stealing funds belonging to another party for self-enrichment purposes, as well as for tax evasion. Therefore, the writing is well and truly visible on the wall, in full Technicolor, for these crooks.

And yet, despite these storm clouds gathering over the crooks’ heads, the position in early August was that Leo Wanta’s funds had been hijacked and were being traded illegally under the control initially of the Chairman of the Federal Reserve Board, Dr Ben Bernanke, and President George Bush Jr. Later, when it got much too hot for Dr Bernanke, they were allegedly transferred into the custody of the Chairman of Bank of America, who does not own the funds either.

Quite incredibly, people 'working for' George Bush Sr. had even approached Michael C. Cottrell M.S., Executive Vice President and Treasurer of AmeriTrust Groupe, Inc., to express their urgent desire for The Wanta Plan to be implemented without further delay. This suggested that there is a split between Bush Sr. and Bush Jr., and that Bush Sr. may even be prepared to sacrifice his son
in order to provide himself with some degree of protection against the wrath to come (too late).
Or else Bush Sr. has been engaged in his usual sophisticated 'smokescreen' deception tactics.

DEALING HONESTLY AND TRANSPARENTLY IS FOREIGN TO THESE OPERATIVES
The details of the Settlement were reconfirmed at a joint intelligence meeting under which Leo Wanta agreed to prepay corporate taxes at 35% of $4.5 trillion, netting the US Treasury clean funds worth $1,575,000,000,000, and to prepay corporate taxes to the State of Virginia at the rate of 6% on the $4.5 trillion, equating to $270 billion, followed by regular corporate tax payments direct to the U.S. Treasury estimated by Leo Wanta at $96 billion per banking day, once start-up operations have been executed. Secondary trading operations with U.S. counterparties would be likely to raise the total new inflow to the Treasury to $200 billion per banking day.

So, instead of dealing honestly and in an above-board manner, as Michael C. Cottrell M.S. and Leo Wanta have invariably done (to the Editor’s certain knowledge and satisfaction), the President of the United States, the Chairman of the Federal Reserve and the other official co-conspirators and accessories to the fact of this giga-corruption scandal, were reported in late July to be presiding over the illegal trading of the $4.5 trillion, with a view to duplicating or triplicating the funds.

Given the fantastic fiat money techniques being exploited off-balance sheet, it was possible for those concerned to do this very rapidly, earning an initial, say, $300 billion a day, and soon arriving at another $4.5 trillion. Those concerned would then bank on keeping these funds, either to back-fill black holes in, perhaps, the accounts of the already ransacked U.S. Government-Sponsored Enterprises, and then probably 'creating' a further $4.5 trillion, which they would then keep and
on which, they would intend, no taxes would ever be paid.

When the pressure for consummation of The Wanta Plan became insupportable, they would then authorise delayed settlement, or not as the case may be. In the case of settlement, they would hope that the bad publicity that was swamping them, would 'dissipate' and 'go away'.

SPOTLIGHT TRAINED ON THE CRIMINAL CADRES, TO THEIR COLLECTIVE AMAZEMENT
Unfortunately for these serial crooks, this is not going to happen. This is because the spotlight is now well and truly trained on these people. On 26th July, the Editor commented to Leo Wanta that he could not understand how the perpetrators of these financial crimes had the gall to continue trading illegally with funds that did not belong to them, while the spotlight was pointed straight in their faces. He replied that certain of those concerned may have been unaware of the spotlight; while a comment heard separately from another source was that the arrogance of these people
is so great, that they are contemptuous of anyone who is 'not one of them'.

They are also, many of them, now extremely alarmed. On the very same day, your correspondent took part in a conference call with one of the past perpetrators of such frauds, and formed the impression, from the cynical and listless tone of this man’s voice, that he may be in fear of his life.

And that may apply to a considerable number of these crooks, who may at long last come to regret their serial greed, carelessness and complacency over the years.

U.S. TREASURY FULLY AWARE OF THE WHEREABOUTS OF THE ORIGINAL $27.97 TRILLION
Another extraordinary irony of this crisis was that the Treasury was authoritatively reported to have full knowledge of the whereabouts of Ambassador Leo Wanta’s original financial assets, plus the vast accruals. According to the impeccable source in question, the aggregates were as follows:

• $4.5 trillion, identified as belonging to Leo Wanta/ AmeriTrust Groupe, Inc., was 'on the books'. This amount was characterised as 'equitable' by way of settlement, given the quite extraordinary magnitude of the services rendered to humanity by Leo Wanta, and the scale of his operations and work for the United States in the past.

• $8.7 trillion was 'in the US dollar system', i.e. on the dollar books at the big banks. The locations of all the amounts adding to this total were known. And the funds were reportedly not being moved.

• $14.6 trillion remained offshore, to be collected. Much of this has been collateralised, cross-collateralised, and otherwise tied up by institutions that believed the CIA's lie that Leo Wanta was dead – and will be liable to cause the holding banks severe liquidity, if not solvency, problems, when called, as was scheduled to start happening from the beginning of August.

These amounts total to $27.8 trillion, but this is a rounded figure, and the aggregate, minus the accruals, as noted, is authoritatively stated to be $27.97 trillion, taking account of some accrued interest. The estimated total current value of the funds is of the order of $70 trillion.

WANTA'S CORPORATION HAS NOT TAKEN ECONOMIC RECEIPT: FUNDS HELD ILLEGALLY
But because Leo Wanta/ AmeriTrust Groupe, Inc., had not, as of 2nd August 2006, taken economic receipt of the $4.5 trillion specifically assigned to them by legal contract and by the authority of the President of the United States, the Secretary of the Treasury, the Supreme Court, the Chairman of the Federal Reserve, and senior US legislators, the funds were being held illegally, and the rightful owner(s) of the funds were being prevented from paying the taxes which Leo Wanta agreed and is contracted to pay direct to the Treasury – and which the high-level authorities concurred that he and AmeriTrust Groupe, Inc., must pay, under the Settlement.

By definition, those holding up the Settlement were therefore accessories to the fact of fraud and theft, and were also co-conspirators against the owners of the funds, the U.S. Treasury, and the American people – and were increasingly vulnerable, with every single day that passed without the Settlement being consummated, to the most severe consequences.

Further, given confirmed knowledge that the $4.5 trillion owned by Leo Wanta and his corporation were being illegally traded, and furthermore that the primary operative doing the trading, when requested by the Treasury to cease and desist, had point-blank refused to do so, the fraud was being compounded because illegal profits were being booked off-balance sheet with no intention on the part of the perpetrators to pay taxes on the accruals generated from the trading.

This represented an additional layer of fraud – against the Treasury; and since such transactions were being monitored, not least by the U.S. Treasury itself, the perpetrators were vulnerable to parallel fraud actions, as we have seen, for tax evasion. It is up to the Internal Revenue Service to follow this up; and if it fails to do so, its own senior officials will likewise become accessories to the fact and co-conspirators in respect of the fraud against the Treasury, the U.S. taxpayer, and on this count as well, the American people and the United States generally.

'THEY SEEM TO RELISH EXTENDING THE ROPE BY WHICH THEY ARE HANGING THEMSELVES'
Leo Wanta/AmeriTrust Groupe, Inc, are separately in a position to take legal action for gargantuan damages against the President of the United States, the Chairman of the Federal Reserve Board, the U.S. Treasury (despite Mr Paulson’s conscientious good offices) and all the other high-level parties to the Wanta Settlement – not least because under the Law of Reliance, Leo Wanta and his corporation were entitled to rely upon the parties to the Agreement to fulfil their undertakings so as to enable them in turn to fulfil their legal commitments as taxpayers to the U.S. Treasury.

In other words, the more closely the legal position is considered, the more devastating did the remedies becoming available to the Ambassador and his corporation appear to be.

And considering that the Internal Revenue Service was well aware of the frauds that were being committed against the IRS in respect of the non-payment of tax chargeable on the hidden off-balance sheet accruals that were being generated illegally using the Ambassador’s funds, the prospects of a quiet life for ALL those concerned – from the President, the Director of Central Intelligence, the head of the National Security Agency, the Chairman of the Federal Reserve Board, the Attorney General, and the various senior officials and legislators, and their intelligence co-conspirators, downwards – was vanishing day by day, the longer this scandal continued.

As several knowledgeable sources told the Editor in late July: ‘They seem to relish extending the length of rope by which they are in the process of hanging themselves’.

PENALTIES FOR SUCH CRIMES IN WARTIME ARE HISTORICALLY EXTREME
Moreover, the United States is at war. In wartime, the penalty for such illegal operations is much more severe than is the case in peacetime. U.S. penalties, for tax evasion, for instance, are brutally severe whether in time of peace or war, and are much more so than in the more benign United Kingdom. During the Second World War, aberrant U.S. bankers were taken out and shot.

Hence the Editor was being advised in late July that it was no exaggeration to suggest that the perpetrators of these frauds might face the extreme penalty. It was also being said that when President Bush ceases to be President, the problems he will face will be horrendous – perhaps tempting him to try to implement the idea that was clearly at the forefront of his mind during the 2000 election campaign, when he said that it would be so much easier if the United States were a dictatorship, so long as he was the dictator.

The misuse and theft of funds is quite rightly considered to be a crime for which the most severe penalties are mandatory. In fact the way our precarious so-called civilisation is structured, every aberrant and reprobate sin under the sun is 'permitted' – the bearing of false witness, murder, lying, deception, you name it: but the one sin that is NOT permitted is stealing money, and fraud.

The deep irony here is that money nowadays represents electronic pulses of a nanosecond’s duration. Thus the emerging geofinancial crisis which the President of the United States was recklessly exacerbating in July and early August, was – ludicrously – all about electronic pulses.

U.S. WARS FINANCED BY 'STATE WITHIN THE STATE' USING EXOTIC FINANCING TECHNIQUES
Ordinary Americans do not yet begin to understand that the wars in which America is engaged are financed by exotic off-balance sheet trading operations involving the Department of Defense, the National Security Agency, the Central Intelligence Agency, the Defense Intelligence Agency, the White House, the Federal Reserve, NATO in Brussels, and other parties with access to the Federal Reserve’s Federal Open Market Committee (FOMC) facilities.

Nor are most ordinary Americans yet aware of the vast off-balance sheet, untaxed profits routinely made by crooked intelligence intermediaries, bent firms of lawyers and others – or that the major proportion of these accruals never reaches the U.S. Department of Defense or other parties, but is stashed off-balance sheet and probably offshore, in defiance of the tax rules and regulations that apply to other Americans who are obliged by law to pay their taxes.

Other related scams spring to mind. For instance, an estimated $15 billion was stolen from the former U.S. Administrator of the Coalition Provisional Government in Iraq, Ambassador L. Paul Bremer III; while corrupt US operatives stole the gold from the Iraqi Central Bank – an episode in which an estimated 100 special operatives died in a bitter firefight to secure the Central Bank and its vaults: operatives who would have been selected because they were expendable. Another purpose of that assault in April 2003 was to secure direct control over Rafidain Bank, the London Branch of which was reported to hold assets worth $17 trillion. By acquiring full control over the Central Bank of Iraq, US intelligence operatives were then able to change the management at the Baghdad Head Office of Rafidain Bank, and thus prospectively to manage the disposition of the trillions of dollars accumulated from high-yield trading programmes in the London, UK, branch – a Financial Warfare dimension over which a veil of secrecy has remained tightly drawn ever since.

NEGROPONTE GIVEN POWERS TO EXCUSE CORPORATIONS FROM ACCURATE REPORTING
Perhaps to facilitate scams surrounding Leo Wanta’s overdue Settlement, which on the evidence available appear to have been preplanned, President Bush provided Mr John Negroponte, whom he had recently appointed to be his intelligence czar, with broad authority – in the sacred name of 'national security', as always – to excuse publicly traded American corporations from their usual accounting and securities disclosure obligations. Notice of this odd development surfaced in an obscure entry in the Federal Register, and was dated and signed by the President on 5th May 2006.

The overt effect of this reckless innovation is that from that date forward, the financial accounts and securities disclosure information provided by public companies in the United States cannot be relied upon – just as the undertakings of the U.S. Federal Reserve, which is allegedly engaged in fraudulent transactions and does not necessaily meet its obligations, cannot be relied upon, either.

Since passage of the 1934 Securities Exchange Act, U.S. Presidents have in fact had the authority to exempt corporations working on certain top-secret defence projects from compliance with parts of the Act. But U.S. Administration officials told BusinessWeek that they believed that this was the first time that a President had ever delegated this authority to someone outside the Oval Office.

A White House spokeswoman, Dana M. Perino, stated that the timing of the relevant Presidential Memo had nothing to do with the sudden resignation of Porter Goss, the Director of Central Intelligence, on the same day.

William McLucas, the former enforcement chief for the Securities and Exchange Commission (SEC), made the predictably relevant comment that the clear ability under such a dispensation to conceal financial information in the name of national security, could lead some corporations ‘to play fast and loose with their numbers’. Speaking from his office in Washington, where he is now a partner in the law firm of Wilmer Cutler Pickering Hale & Dorr, Mr McLucas elaborated: ‘It could be that you have a bunch of books and records out there that no-one knows about’.

The Memorandum that President G. W. Bush signed on 5th May 2006, published seven days later
in the Federal Register, was entitled: ‘Assignment of Function Relating to Granting of Authority
for Issuance of Certain Directives: Memorandum for the Director of National Intelligence’. In the document, President Bush addressed Mr Negroponte – said by British intelligence to ‘report’ to George Bush Sr., who has been identified as the alleged head of Deutsche Verteidigungs Dienst, the ‘Black’ German Nazi Continuum agency in Dachau, near Münich – as follows:

'I hereby assign to you the function of the President under Section 13(b)(3)(A) of the Securities Exchange Act 1934, as amended'.

The Statute Books show that the amended version of the 1934 legislation states that 'with respect to matters concerning the national security of the United States', the President or the Head of an Executive Branch Agency may exempt companies from certain critical legal obligations. These obligations include keeping accurate "books, records, and accounts" and maintaining "a system
of internal accounting controls sufficient" to ensure the propriety of financial transactions and the preparation of financial statements in compliance with "generally accepted accounting principles".

U.S. CORPORATE ACCOUNTS CAN NO LONGER BE RELIED UPON
Since John Negroponte, the Director of National Intelligence (DNI), has a proven reputation for amoral ruthlessness and deception, there was henceforth nothing standing in the way of this extremely dangerous character granting licence for U.S. public corporations to:

• Keep inaccurate books, records and accounts with impunity.
• Conduct improper financial transactions riddled with improprieties, with impunity.
• Present financial statements for public and official consumption that depart in any way they chose from "generally accepted accounting principles" – again, with impunity.

Furthermore, it may reasonably be presumed that, once granted, such formal licence may never
be rescinded. For the President to have delegated such powers to his intelligence supremo was
an act of reckless financial irresponsibility without historical precedent.

With such 'on-balance sheet' abuses now officially sanctioned, and the power to promulgate such dispensations in the hands of the unscrupulous Mr John Negroponte, it is hardly surprising that officially sanctioned giga-fraud is taking place off-balance sheet in connection with the de facto theft, manipulation, illegal use and trading of the financial assets which the President, the Chairman of the Federal Reserve, the U.S. Treasury Secretary, the Supreme Court and senior legislators have jointly affirmed to be the rightful property of the Ambassador Leo Wanta, and his designated and fully-owned private Virginia-registered corporation, AmeriTrust Groupe, Inc. This exists for the sole purpose of financing projects and operations for the benefit of the American people.

FULL FAITH AND CREDIT IS DE FACTO NULL AND VOID
So what has transpired, not least, is that when any of these holders of the highest American offices append their signatures to a formal, official contract or other form of legal document, or signify their concurrence to any agreement, they reserve the unspoken freedom at any time to renege on their legally binding undertakings, or else to vary the terms of the contract unilaterally without consulting the counterparties concerned. In other words, the phrase ‘full faith and credit of the United States’ is today null and void, and of no effect (2).

By extension, the U.S. States can no longer rely upon the integrity of the undertakings of the President of the United States and of holders of high office at the Federal level, which implies an underlying Constitutional crisis that goes much deeper even than the appalling spectacle of the U.S. Treasury Secretary being unable to enforce his own will against the Chairman of the privately-owned Federal Reserve Board – and being double-crossed by the President who had only just lured him from his lucrative and powerful Wall Street position. ENDS.


Notes:
(1). AmeriTrust Groupe, Inc. (with a capital 'T' and an 'e' in Groupe) was registered in the Commonwealth of Virginia by the State Corporation Commission, Richmond, on 20th May 2004, as attested by the Clerk of the Commission, Joel H. Peck. Its Registered Offices are at Old City Hall, Suite 350, 1001 East Broad Street, Richmond, VA 23219, USA.

(2). The United States Supreme Court explained in Franchise Tax Bd. v. Hyatt, 538 U.S. 488, 494 (2003): The [United States] Constitution’s Full Faith and Credit Clause provides: "Full Faith and Credit shall be given in each State to the public Acts, Records, and judicial Proceedings of every other State. And the Congress may by general Laws prescribe the Manner in which such Acts, Records and Proceedings shall be proved, and the Effect thereof". The Full Faith and Credit Clause was primarily intended to provide for the continuity between States and enforcement across State lines of non-Federal laws, civil claims and court rulings. Without this clause, enforcement of State-to-State extradition, portability of court orders, nationwide recognition of legal status, out-of-State taxation, spousal and child support, and the collection of fees and fines, would all be impossible without separate Federal action, or a similar action by the other States.