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WHEELS COMING OFF WHITE HOUSE CORRUPTION ENGINE
PERVERSE OPERATION TO 'REIGNITE' FRAUDULENT FINANCE IS FALLING APART
Tuesday 24 March 2009 03:00
THE LATEST MISGUIDED, WRONG-HEADED GEITHNER PLAN
• MICROCHIP STUCK ON THE EDITOR'S LEG BY NSA MANIACS AT NIGHT IN A U.S. HOTEL
• EARLIER INSTANCES OF ILLEGAL U.S. ATTEMPTS TO TRACK THE EDITOR OF THIS SERVICE
NO TAKERS FOR 'GEITHNERS'
'A HORRIBLE, HORRIBLE FEELING THIS IS GOING TO END BADLY'
TALF SUPPOSEDLY 'TO REIGNITE THE SECURITIZATION MARKETS': RIGHT
HUGE THEFT OR 'REASSIGNMENT' OF FUNDS TOOK PLACE ON 17TH MARCH
THE $4.0 TRILLION THAT 'SUDDENLY' APPEARED AT THE U.S. TREASURY
THE PRIMARY MOTIVE UNDERLYING THE RECKLESS BAILOUTS
REPORT THAT PAPERS WERE SERVED ON DR BEN BERNANKE
A.I.G. FOUNDER FRANK WISNER SR.: LIAISON TO THE NAZI GEHLEN ORGANISATION
THE CIA BACKGROUND OF FRANK WISNER JR., A.I.G. VICE CHAIRMAN
U.S. SEEKS CONTROL OF INTERNATIONAL CRIME, TERRORISM AND DRUG TRAFFICKING
A CRIMINAL GOVERNMENT OPERATING ON DURKHEIM PRINCIPLES
BUSH-CLINTON-CIA DRUG-TRAFFICKING LINKS TO STANFORD OPERATION
REASON FOR REFUSAL TO IMPLICATE OTHERS: DEATH THREATS TO FAMILY MEMBERS
OTHER PONZI SCHEMES ON BRINK OF BEING EXPOSED: 'PONZIMONIUM'
MADOFF ACCOUNTANT FRIEHLING ARRESTED: SECURITIES FRAUD
DOUBLE STANDARD FOR MUNICIPAL ISSUERS
SLOW AND PAINFUL PROGRESS IN ‘TAKING DOWN’ THE OCTOPUS
STANFORD OPERATIONS AND THE OCTOPUS
STANFORD ‘TOOK OVER’ FROM NORIEGA AGAINST WHOM LEHDER TESTIFIED
EFFICIENT TEUTONIC ORGANISER OF THE MEDELLIN CARTEL FOR BUSH/CIA
CATALOGUE OF VIOLENCE UNLEASHED BY LEHDER
LEHDER EXFILTRATED TO GERMANY UNDER CORRUPT 2000 ELECTION PAYOFF DEAL
STANFORD LINKS TO FUND RUN BY BIDEN FAMILY MEMBERS
OTHER BIDEN BACKGROUND SCANDALS
BIDEN ATTEMPT TO SET US UP/USE THIS SERVICE
CHINESE REPORTED TO HAVE OBTAINED LIEN ON FEDERAL RESERVE
KISSINGER AND BAKER RETURN FROM MOSCOW 'WITH GORBACHEV'
SECRET MEETING BETWEEN OBAMA, BIDEN AND GORBACHEV
BRITISH-AMERICAN RELATIONS AT AN ALL-TIME LOW
BELATED WHITE HOUSE SECOND THOUGHTS GIVEN THE IMMINENT MEETING WITH QUEEN
FACE-TO-FACE EXCHANGE BETWEEN PRESIDENT OBAMA AND THE QUEEN
POSTSCRIPT; WHITE HOUSE SCURRIES TO MEND THE RIFT
• MADOFF 'VICTIMS' LIST: Two reports were posted on 6th February 2009 containing the entire list of customers of Bernard L. Madoff Securities, Inc.. Because the list is so huge, we divided it into two segments: Clients A-N; and clients O-Z, plus a Miscellaneous Section. See: Archive. Our list is the easiest to load and clearest of the lists that have been reproduced privately on the Internet.
• We have just published: International Currency Review Volume 34, #2 on Systemic Fraudulent Finance and The Legalisation of Financial Corruption. Also just published are issues of our titles Economic Intelligence Review, London Currency Report, Interest Rate Service and Arab-Asian Affairs. For further details, please check the second white panel on the Home Page.
• Globalist hegemony ideology and practice is comprehensively debunked in the Editor's study entitled The New Underworld Order, which can be ordered via the books section of this website. If you want to see what may well happen if the angle of decline steepens much further, you could do worse than also order a copy of The Red Terror in Russia, by the contemporary Russian eyewitness Sergei Melgounov, another Edward Harle Limited book available direct from this website.
• ADVERTISEMENT: Details of the Internet Security Solution software offered by this service in conjunction with a donation are appended at the very foot of this report, below the legal data. See also the catalogue by clicking on World Reports Limited and scrolling down to the bottom.
By Christopher Story FRSA, Editor and Publisher, International Currency Review and associated intelligence publications and information services. See this site for details and ordering facility.
• CORRESPONDENCE TO THE EDITOR: We routinely, automatically DELETE all emails which OMIT any element of the requested coordinates. We are not prepared to deal with anonymous spooks and other cowards who are too scared to provide their coordinates, for identification.
• The CONTACT US facility is found in the red box throughout this combined website.
NEW REPORT STARTS HERE:
THE LATEST MISGUIDED, WRONG-HEADED GEITHNER PLAN
It is very difficult to find words to describe the desperation, stupidity and folly of the latest Geithner wheeze. This proposal for private sector investors to collaborate with the Government to relieve the banks, as The New York Times put it on 23rd March 2009, ‘of assets tied to loans and mortgage-linked securities of unknown value’, with the Government reportedly ready to lend nearly 95% of the funds for any such investment, is beyond reckless and irresponsible: it is laughable.
It reeks of an utterly perverse and desperate, A REALLY DESPERATE, perverse throw by the Obama Administration to revalidate and revalue trades within the moribund derivatives sector, which has crashed and in which no-one not in need of brain surgery has been at all interested in since the worthlessness of these Fraudulent Finance assets were exposed.
The extraordinary weakness and idiocy of this wheeze – which must rank as the most eccentric and demented proposition ever to have been marketed by the corrupt US Treasury – was impregnated within the feeble remarks of Christina D. Romer, the Chief Economist at the White House, who said in an interview on ‘Fox News Sunday’ [22nd March 2009]:
‘What we’re talking about now are private firms [i.e. the hedge funds and sovereign wealth funds, mainly – Ed.] that are kind of doing us a favor [i.e., digging us out of the hole that we’ve dug for ourselves – Ed.], right, coming into this market to help us buy these toxic assets [note that she agreed that they are worthless, by using the word TOXIC: what a superb marketing ploy!] off banks’ balance sheets…. They are the firms that are the good guys here’, she added, in order to head off the obvious objection that on the basis of recent experience, participants might be vulnerable to a massive retroactive tax, or a Congressional hearing, or both of the above.
The White House spokeswoman wasn’t asked why, if the banks’ (fraudulent Ponzi) ‘assets’ were so ‘toxic’, ANYONE would want to buy ANY of them, EVER, given that by definition worthless assets aren’t tradeable – let alone borrow money from the Government (creating further background Government debt) for the purpose, even with the official loans reaching almost 95% of value.
• BUT WHAT VALUE? Even the few cents in the dollar suggested, is almost a non-starter.
Uh, as The New York Times pointed out:
‘Still, a big stumbling block remained: how to place a value on mortgage-related assets that have not been traded for months’,
Right.
The only reason that Pimco, Black-Rock and other such entities might participate in this demented scheme would be in the forlorn hope that it might succeed in revalidating and revaluing their vast portfolios of DUD derivatives ‘assets’ that they can’t shift. Not a valid or responsible reason for a money manager to trash his fiduciary responsibilities by investing in ‘assets’ that the White House Chief Economist has herself publicly labelled TOXIC.
MICROCHIP STUCK ON THE EDITOR'S LEG BY NSA MANIACS AT NIGHT IN A U.S. HOTEL
The Editor flew to Chicago on 16th March 2009, took care of some business in the city, and later caught an Amtrak train to another destination, for some further meetings.
At 4:00am in the morning of 18th March 2009, the Editor awoke in his hotel room and felt an itch on the back of his lower right leg. On feeling the area, he became aware that a piece of plastic had been stuck onto his inner leg without his knowledge.
The Editor had been surprised to be given a large suite at the hotel in question. On 23rd March, an expert analyst informed him that the plastic was not simply placed in the bed on the off-chance that it would adhere to the back of the Editor's right leg, but that it was actually applied to the Editor very early in the morning while he was sleeping. This assessment comes from experts with such background that when asked whether the resulting Tattoo on the Editor's leg (see below) may be permanent, they were unable to answer the question, and subsidiary questions, on the telephone: meaning that they could not do so without breaching national security.
The plastic peeled off and on turning on the light, the Editor found that he was holding a printed circuit microchip embedded in a piece of transparent plastic measuring about one inch square. On holding the plastic up to the light, the embedded printed circuits, with various arrows, were very clearly visible. There is a lesion on the Editor's inner right leg where the chip was applied.
• The printed circuit contained a DIAMOND shape, which is a TARGET symbol.
It also contained three 'shoes' associated with arrows, which are indications of a GPS operation to track the Editor's exact movements so that at the appropriate time he can be shot dead on demand. Three shapes in the form of flayed skins were also evident, as was a miniaturised grid, indicating, we understand, the whereabouts of the Editor physically. After being peeled off the Editor's lower right leg, a lesion remained at the place where the printed circuit/chip had been located.
The Editor reported this via intermediaries to several US operatives, who quickly responded that they had no knowledge of any such evil device being placed upon the Editor's person: in fact this message emerged almost in unison. The Editor was not satisfied with this and reported the issue to a close friend with 'connections', who was able to unravel the truth of the matter.
This is that, in addition to being a tracking device to facilitate assassination, the printed circuit also creates a TATTOO, which then operates just like the printed circuit itself when it has peeled off.
Furthermore, the friend pointed out that these people are trained to say precisely the opposite of the truth when exposed. The proposition that the US operatives had put forward was that the GPS printed circuit had been applied to the Editor's inner right leg by British MI6 operatives for his own protection, presumably on the American Airlines plane: a contradiction in terms given what the US operatives in question know about the Editor of this service.
What is certain that if this was a British operation, the plastic printed circuit would not carry a target (assassination) symbol (DIAMOND), indicating how ridiculous such US denials and lies are.
EARLIER INSTANCES OF U.S. ATTEMPTS TO TRACK THE EDITOR OF THIS SERVICE
Nor is this the first time that mentally retarded, murderous NSA parasites (which is what many of them are: they produce NOTHING) have applied these craven tactics to the Editor. On the first such occasion, after the Editor had conducted certain interviews in May 2003 in North America, he found a bean-shaped object among his effects while he was visiting the seaside in the British Isles.
Fearing that it might explode, he climbed up a rock adjacent to the beach and placed the plastic bean-shaped transmitter inside a hole in the rock, and wedged a loose piece of rock into the hole. Returning out of rank curiosity two days later to see whether the 'bean' was still there, he carefully removed the wedge, only to find that the object had completely vanished. A bird or other creature could not possibly have removed it from deep inside the cliff face.
The second occasion that a chip was placed with the Editor, occurred after the Editor had paid a second visit to the office of the NSA operative William Hmailton, of PROMIS fame. On the first such occasion, everything was sweetness and light, the receptionist was warm and cosy and the Editor was treated with courtesy. On the second occasion, the previously pleasant Hamilton receptionist was distant and surly. The Editor was kept waiting in the reception area for 25 minutes, and was then ushered into a conference room by Mr Hamilton. First mistake: the Editor removed his jacket.
Almost immediately, a man in jeans knocked on the door and asked if he could 'continue' working at a computer console that was located in the corner of the room.
The Editor thought it very odd that a single computer was stuffed into the corner of the Boardroom. Hamilton said 'OK', and minutes later 'suggested' that it would be a good idea 'if we move next door. Leave your briefcase and jacket here: we'll look after them'. Second mistake. Manifestly, the fellow in jeans was acting a role: if the Boardroom had been set aside for the meeting with the Editor of this service, the computer nerd wouldn't have been given access.
'Next door' turned out to be a completely empty office suite. In at least one room, however, the Editor noticed a large number of large carboard boxes stacked all over the floor. After clicking his heels for ten minutes, the unpleasant receptionist brought in a tray with a glass and an opened bottle of Pepsi. Third mistake. NEVER DRINK FROM AN OPENED BOTTLE IN SUCH COMPANY.
• Please now refer to the Gospel of Mark, Chapter 16, verse 18.
The Editor later travelled to another location and during dinner in a diner with a former contact, he described what had happened. The contact asked to look at the Editor's jacket. The microchip was stuck to the inner side of the right-hand part of the jacket. It was quickly consigned to the candle burning on the dining table.
On each of these occasions, the operatives concerned behaved in an unfriendly manner towards a visitor from the United Kingdom which is still supposed to be the United States' closest and most reliable ally. On all three occasions, we deduce that the concern within the warring and confused US intelligence community, which is being brought low by the collapse of its Fraudulent Finance schemes arising from these exposures, has been to compromise the Editor in order to attempt to close down these ongoing arms-length investigations, which have made immense progress since the Editor first became involved in this investigative reporting six years ago.
It's all about COVERING UP FINANCIAL CRIMINALITY. It's nothing to do with US NATIONAL SECURITY. The investigations are focused exclusively on the betrayal of the American people and the Rest of the World by a bunch of arrogant thieves and amoral US operatives who believe that they can do what they like, including stealing from widows ('devouring widows' houses'), depriving their Ponzi victims of all hope of recompense, and treating the rest of humanity with malice.
Unfortunately for the terrified perpetrators, this horrendous episode of US officially-sponsored financial terrorism is unravelling faster than these mental defectives and crooks can stitch their model back together again. The angle of deterioration is steepening by the day, and the more they try to patch up the broken system based on Fraudulent Finance, the worse the mess they create.
NO TAKERS FOR 'GEITHNERS'
We have just published International Currency Review, Volume 34, #2, which contains an analysis of the Paulson TARP operation, with charts, and shows that the entire purpose of that operation was to refinance, not the US dollar system and the economy, but rather Carlyle, Carlyle Capital, George H.W. Bush Sr., James A Baker III and other Bush-Clinton insiders.
The issue was mailed worldwide on Wednesday 18th March. In addition, we have produced and distributed a four-page leaflet containing the three main TARP charts, showing precisely how the corrupt Paulson financing operation was intended to operate. Copies of this leaflet have been hand-delivered in sensitive places in Virginia and inside the Beltway for the past several weeks.
We have also just published several other financial services, all of which contain a chart showing that the quite incredible Geithrner TALF (Term Asset Backed Securities Loan Facility) Fraudulent Finance circular financing operation is designed with the same sick objective in mind, and that the trumpeted Obama 'Stimulus Program' is nothing more nor less than a reckless fraud: cover for the rehabilitation of the Fraudulent Finance derivatives orgy which is in fact nevertheless collapsing from the roof into the basement, as we predicted.
And the reason for this is that the exposures have been SO SUCCESSFUL that NO-ONE trusts what the US Treasury and White House, let alone the State Department, choose to concoct, which 'as we speak' entails a new scheme every few days, as the pressure of events sucks everything into its own vortex and nixes whatever new wheeze Geithner, Rahm Emanuel, Mrs Clinton, Vice President Biden and Barack Obama come up with. The objective is to re-ignite the now moribund derivatives sector that has been dealt a mortal blow by the exposures and that everyone in the business now realises is dead in the water, since the simple message that NO RECOURSE assets are by definition without value, has finally sunk in where it matters.
Witness what the big hedge fund manager Dan Loeb had to say about NO RECOURSE derivative assets on page C8 of The Wall Street Journal dated 16th March. Writing to investors in his Third Point Offshore Fund, Mr Loeb could not have been more specific:
'One area we are decidedly NOT interested in is the 'opportunity' to purchase structured debt... with non-recourse leveraging from the US Government'.
'One of our guiding principles is that we do not use financial alchemy (leverage) to turn mediocre returns into gold'. He's buying gold instead.
'A HORRIBLE, HORRIBLE FEELING THIS IS GOING TO END BADLY'
Also on 16th March, the Washington Post, running after red herrings as always, published an article which contained certain revealing observations by 'people in the know', but which (as usual) were designed to terrify Congress into leniency.
The article addressed the diversionary but nevertheless extremely disturbing (especially for the Obama Government which is supposed to be 'on the side of the people)) issue of the AIG bonuses: a theme replicated, by the way, in London, where similar outrage has been expressed at bonuses being paid out to large UK banks and other participants in Fraudulent Finance Ponzi operations.
Lloyds Bank called us up to snoop around recently to see whether the Editor would be willing to part with collateral, for no good reason! Likewise, Coutts Bank is snooping around a colleague of the Editor's who owns a half interest in certain development land, for the same purpose:
• GRABBING COLLATERAL, for use in a reignited derivatives ORGY, which won't ignite.
The Washington Post item, entitled 'Rage at AIG Swells as Bonuses Go Out', contained this:
'Company officials contend that the uproar is scaring away the very employees who understand AIG Financial Products' complex trades and who are attempting to dismantle the AIG division before it further endangers the world economy'. HOW INTERESTING!
In other words, as others have pointed out, it is said to be 'appropriate' for the corrupt Fraudulent Finance technician foxes who orchestrated the corrupt orgy in the first place, to remain in charge of the hen house: otherwise the hen house will collapse.
''It's going to BLOW UP', said a senior Financial Products Manager, who spoke on condition of anonymity because he was not authorised to speak for the company. 'I have a horrible, horrible feeling that this is going to end badly''. The same message was then immediately delivered to the Congress, which subsequently decided that the 'way forward', for their own 'CYA' purposes, was to tax the obscene bonuses by 90%, an unprecedented misapplication of the Congressional power to use the tax weapon, which will have devastating consequences for many bonus recipients who may already have spent or otherwise deployed the funds (probably offshore) in question.
TALF SUPPOSEDLY 'TO REIGNITE THE SECURITIZATION MARKETS': RIGHT
For further corroboration that of the accuracy of our analysis that the entire purpose of these mad financial manouvres is to 'revalidate' derivative assets that have no value, one only needed to read The Wall Street Journal's blurb by Peter Eavis published on page C10 of that newspaper on the 12th March 2009, from which the following excerpts will suffice:
'The TALF aims to reignite the securitization markets and increase the availability of consumer loans by encouraging investors to buy asset-backed bonds using borrowed money', a mad formula which could only have been developed by financial sorcerers and witchcraft specialists.
First of all, the so-called assets to be used are not real assets at all but are fictitious constructs offering NO RECOURSE, as is precisely exposed with diagrams in International Currency Review Volume 34, #2, and further publicised by means of the four-page ICR leaflet which is being hand-distributed in appropriate US places 'as we speak', and which contains the three colour diagrams which illustrate the official Fraudulent Finance scams for any confused operative to see.
Secondly, to encourage cheap BORROWING for the purpose of such TRASH is not just amoral, but also shows that the Obama Administration is engaged in a defiant operation to proliferate its own brand of Financial Terrorism, since as usual the proceeds of these fictitious trades will be stashed untaxed in offshore bank accounts, while the Treasury accumulates debt in the background on a scale with no historical precedent, aggregating some $450 billion of debt per month between this month and the end of September 2009, on the basis of the Obama Federal Budget data WHICH ARE ALREADY OUT OF DATE: according to the Congressional Budget Office report published on 20th March, which stated that the Obama Administration's agenda will gtenerate annual budget deficits of $1.0 trillion over the next ten years, over $2.3 trillion of debt-creating deficit will be incurred in excess of the Budget presentations, which were barely a month old: a display of utterly reckless irresponsibility that has appalled the Rest of the World and will lead to a hyperinflation.
• Indeed, there is rejoicing in Washington, we are told, that prices ARE RISING. Believe us, if they are rising amid the worst slump for a century, you can be very certain that they will be soaring in 18 months' time, and probably much earlier than that.
The Wall Street Journal analysis elaborated:
'Yet even though the (TALF) program offers as much as 20-to-1 leverage at generous interest rates, investors have pushed for concessions during the consultation process. And the Fed has agreed to some changes'. Note that TALF has not yet got off the ground: because no-one wants it.
'One thorny issue: what to do when an asset-backed security purchased with TALF loans is subsequently found to be ineligible under the program. It is a valid concern, given the poor loan collateral shovelled into asset-backed securities during the credit boom'.
'The original agreement said that when collateral is discovered to be ineligible, investors would have to pay back their loans or find eligible collateral'.
'But investors felt this meant TALF loans weren't truly non-recourse: meaning the lender can only claim the collateral it holds, and the borrower's potential losses are capped. The new agreement should ensure the loans really are non-recourse'.
Have you understood the perverse stupidity of this convoluted upside-down reasoning? It goes: we need to be sure that the 'assets' really are non-recourse. Which is precisely what the biggest hedge fund moguls object to: vide Dan Loeb's observations above.
So you see, there is not an icicle's chance in Hades (which is where these crooks are headed) of the Obama regime's substitute for sound finance, which he signed up to on his European tour last year, achieving the intended results.
On the contrary, choices made by the new team of Financial and Economic Terrorists (by their own legislated definition) in the White House, the US Treasury, the State Department, the George Bush Center for Intelligence (Terrorism), the Office of Naval Intelligence (ONI) and all the other nests of open-ended, reckless criminality such as the Office of the Vice President, who presides over the National Security Agency (NSA), have guaranteed a hyperinflation of unprecedented severity.
The Editor has noticed no alleviation of inflationary pressures in New York this March: quite the contrary. A breakfast in a diner that cost $3.50 four years ago now costs $12.50. Deflation?
HUGE THEFT OR 'REASSIGNMENT' OF FUNDS TOOK PLACE ON 17TH MARCH
On arrival in the United States, the Editor was almost immediately informed that a very large theft or 'diversion' or 'reallocation' of giga-funds, KNOWN ABOUT IN ADVANCE, was said to be scheduled to take place on 17th March 2009. At the end of that day, the Editor learned that Chinese interests had been paid a large sum IN CASH, not in Treasuries, to which they had objected.
Thus the 'reallocation', or part of it, about which we were warned in 'real-time', financed a payoff to the Chinese, in accordance with the pattern that has now become apparent. When a really large debtor gets nasty, the people in charge 'find a way' to make the necessary payment, in order, like drunks falling out of the pub, to sidestep an even 'worse' outcome.
Examples of this syndrome include a vast sum of money that was conveyed to the Vatican during the visit of the German Pope to America in April last year; payments made to the Mormon Church; payments to the Knights of Malta; and payments (or a payment) to the Knights Templar.
Now we have an instalment paid out to the Chinese, who are indeed owed colssal sums arising from transactions in the late 1930s and the recent expiry of the 70-year period after which the Chinese are required to be paid.
• The sums are so enormous that it will take the United States TWO GENERATIONS to pay what is owed. Let us consider why this payment (may have) finally 'happened'.
Earlier in March, Chinese representatives of the Peking Government appeared at the World Court and demanded payment of monies owed following the recent expiry of the 70 years arising from the old Morgenthau 'box deal' of the late 1930s. The Chinese were reported to us by several sources to have obtained, in the week of 6th March, a lien on the Fed, which 'works for' the US Treasury.
On 12th March, against the background of 'tensions' between China and the United States over a staged confrontation at sea, the Chinese Foreign Minister, Yang Jiechi, paid a sudden visit to the White House. Mr Yang was also scheduled to meet Mr Barack Obama's National Security Adviser, former Marine Corps General James Jones. On 11th March, Mr Yang had met Mrs Hillary (who is now relabelled 'Rodham', for Rodomski) Clinton, who pontificated that the United States and China needed to reduce tensions and to avoid a repeat of a weekend confrontation between American and Chinese vessels in the South China Sea.
However the 'confrontation at sea' represented a proxy 'tension' hotspot conjured up for the sole purpose of masking the ACTUAL source of tension between the two countries: namely the ongoing illegal and criminal behaviour of the US official financial fraudsters, and the Chinese intention of exercising their lien on the Federal Reserve, reportedly obtained from the World Court.
If exercised, this would have led to the immediate seizure by the Chinese authorities of all US assets within their jurisdiction, in Hong Kong, Singapore and elsewhere, and thus to a dramatic open-ended, publicised escalation of international tensions, which are explicitly and exclusively a consequence of the hijacking of the US power centres by organised criminal elements as exposed for several years now in these reports.
Any such development would also have collapsed what remains of international economic and financial confidence, would have dealt the final blow to what remains of the self-appointed elite's deception called 'globalism' and would have catapulted the world much closer to World War: where we would appear to be headed anyway, thanks to the crass behaviour of the US authorities. Indeed, if they go on like this, World War III will be their sole recourse.
So, to 'get round the Chinese problem', funds had to be 'reallocated', like, 'immediately'. A small part of the funds were found, we understand, by taking them from two projects:
(1) The two British aircraft carriers that were to have been constructed and 'owned' by The Queen, and probably also the two further aircraft carriers that were to have been made available to the European Union Collective; and:
(2) The Bush-era 'missile shield' project for Eastern Europe, much to the fury of Poland, which greatly distrusts the Russians and thought that this protective mechanism would go ahead.
These projects, representing Bush-era quid pro quos, have been ditched by the Obama clique in order to help pay off the Chinese parties, in order to achieve a belated stay of execution of the Chinese lien against the Federal Reserve, according to sources 'special' to this service.
And nor is this the first such 'reallocation' to have taken place under Obama's watch.
THE $4.0 TRILLION THAT 'SUDDENLY' APPEARED AT THE U.S. TREASURY
Before he was reportedly arrested and placed in a 30-day cell recently, arch-fraudster Dr Alan Greenspan was stated to us by primary sources to have 'stolen' or diverted $3.0 trillion of funds, originally perhaps sourced from The Philippines. These funds, we understand, were 'restored' (like The Queen's $52 billion 'guarantees', immediately after we had publicised that theft).
On or about Wednesday 18th March 2009, $4.0 trillion 'suddenly' appeared at the US Treasury, a fact reported to us by several sources and later confirmed. Of this total, $1.0 trillion was directed to the Federal Reserve, to finance the INCREDIBLE scheme to revalue worthless derivatives assets that was trailed by The New York Times on Saturday 21st March 2009 and subsequently announced by the spinning top named Timothy Geithner, US Treasury Secretary the following week (see below).
Although this is hypothesis, it is a fact that the US authorities operate THREE currency printing plants abroad, one of which is located in The Philippines, a deeply corrupt country where such operations can be hidden, no problem. It is understood that, in the past, Greenspoon presided over the printing of a large volume of currency there, which had NOT BEEN REGISTERED with the US Treasury. Under the new legislation, anything goes, so it would have been possible for the US authorities to have simply registered this currency, and then credited it to the Treasury's books, before passing $1.0 trillion of it to the Federal Reserve.
The remaining $3.0 trillion was earmarked for payment to a US Paymaster on or about 23rd March.
Which leaves the matter of Greenspan's further DETENTION up in the air. WHY was it decided, at the meeting held on 9th March, finally to shove Dr A. Greenspoon into a 30-day holding cell (again, according to special sources)? Uh, if the information is correct, NOT because of official outrage at the fact that George Bush Sr.'s very own corrupt trader had stolen colossal amounts of funds, so much as that the stolen or 'diverted' funds were being remitted directly to the corrupt apparatus serving the George Bush Sr. Crime Nexus: whereas certain current Financial Terrorists want the stolen funds in question to pass through/into their own and their cronies' untaxed offshore bank accounts, instead of going direct into accounts within the Bush Sr. segment of the Octopus.
Hence, this is all about trying to prevent the TOTAL EXPOSURE of the PONZI MODEL, which applies right across the board and is the entire and sole explanation for the global crisis. We pointed this out as long ago as the first quarter of 2007, you may recall.
REPORT THAT PAPERS WERE SERVED ON DR BEN BERNANKE
We were advised during the week ending 6th March, and subsequently, that the Chairman of the Federal Reserve, Dr Ben Bernanke, had been served in person with indictment papers, in late February or early March. There have also been unconfirmed reports that the arch-criminal Mr Hank M. Paulson Jr., one of whose doubles was believed to have been shot dead between Christmas and New Year of 2007, is cruising for a bruising and may be indicted and arrested.
It is impossible to verify such 'information', so we simply report what has surfaced, with the caution that the self-appointed geomasonic elite are past-masters of the art of the duplicitous cover-up.
What they cannot handle is damage control when the roof and walls are caving in, and they find that they cannot steal enough supports quickly enough to prop up the metaphorically imploding money tower. They had no problem at all blowing up the Twin Towers and incinerating 3,000 people in the process: that was 'not a problem'. But propping up the Fraudulent Finance edifice?
• They haven't a clue. WORSE: They have perversely disregarded what they are supposed to be doing, in accordance with the Group of Seven-approved Refunding Programme, agreed upon in 2007 and 2008: allowing private sector-based trading operations to take place ON THE BOOKS, FULLY TAXED AND WITH MAXIMUM TRANSPARENCY, as reiterated in these reports. This is what these US financial engineers SHOULD be doing. Instead of which, they prefer financial sorcery and witchcraft. They will MOST CERTAINLY pay dearly for their wilful perversity.
• FACT: Private sector on-the-books trading would reliquefy the banks within weeks, or less, all above board, fully transparent and disclosed, and yes: TAXED. No more corrupt, clandestine, off-balance sheet Fraudulent Finance: but the banks survive AND PROSPER.
• FACT: The public sector cannot generate TAX ACCRUALS. It can ONLY generate DEBT, AND MORE DEBT, AND MORE DEBT. The private sector generates TAX ACCRUALS, which enable the Treasury to REDUCE ITS DEBT and thus the burden on taxpayers and future generations.
• FACT: It follows that the Obama Administration is perversely betraying the American people by DOING THE EXACT OPPOSITE OF WHAT IT KNOWS IT SHOULD BE DOING.
• This is TREASON.
• Don't try to tell us that the US Treasury and the Federal Reserve don't know that this is true and correct. They have BRAINS in both institutions: they can work it out for themselves: they don't need to read about what they should be doing on this website. However MILLIONS of people around the world DO READ THIS WEBSITE, and they KNOW that this simple logic is ACCURATE.
Sooner, rather than later, the Obama White House and the Treasury will be FORCED to recognise that they should have done what the G-7 asked them to do, starting in 2007.
If they had paid attention, they would not have got themselves, through GREED and pride, into the horrendous, terminal mess they now face.
THE PRIMARY MOTIVE UNDERLYING THE RECKLESS BAILOUTS
The media focus on A.I.G., a huge laundry originally created under Frank Gardiner Wisner (born on 23rd June 1909; died on 29th October 1965) has failed to identify the most pressing factor that has been driving the reckless Fed money-spraying behaviour, which will generate hyperinflationary pressures the 'early green shoots' of which are already apparent. It is this:
• Placing compromised entities such as AIG (or General Motors) into bankruptcy would involve the appointment of a TRUSTEE. Under US bankruptcy arrangements, a Bankruptcy Trustee has almost unlimited powers to investigate every facet of what has been going on. One obvious focus of the Trustee's investigations would be the 728++ AIG offshore 'subsidiaries', of which we have published a small sample in an earlier report [Archive].
• Many of these subsidiaries have names such as 'Baker' This and 'Baker' That; and one wouldn't want the spotlight thrown onto James A. Baker III, would one?
So rather than implicate themselves further, the perpetrators are instead cynically mortgaging the futures of the next several generations of Americans by engaging in a reckless orgy of desperate Fraudulent Finance and creating colossal official debt in the background, which guarantees that the 'enforcement arm' of the World Revolution (the United States military) will in just a few years be unable to project its dangerous power around the world (a good thing) and that the Pax Americana, like the Anglo-American 'special relationship' (see below) has been destroyed.
All this is being done for one primary reason: to try to minimise the devastating consequences for the perpetrators of the ongoing exposures and the unravelling of the Fraudulent Finance orgy that has brought the whole world (deliberately?) to the brink of avoidable catastrophe.
A.I.G. FOUNDER FRANK WISNER SR.: LIAISON TO THE NAZI GEHLEN ORGANISATION
Frank Gardiner Wisner was a key figure linking the penetration of the US intelligence structures by Nazis to the present millennial crisis of the World Revolution. After being transferred from the US Navy Censor’s Office, Frank Wisner Sr. was transferred to the Office of Strategic Services (OSS), predecessor of the Central Intelligence Agency, and served in Turkey and Romania. His agents penetrated the Romanian Communist Party and the headquarters of the Soviet Army in Bucharest, whence he discovered that the Soviet Union intended to ‘annex’ the whole of Eastern Europe.
In March 1945, Wisner was transferred to Wiesbaden, Germany, where he served as OSS liaison to the Gehlen Organisation. General Reinhard Gehlen, referenced in some detail in the Editor’s book The New Underworld Order, was the brutal Nazi repression chieftain in the German-occupied areas of the Soviet Union, responsible for untold atrocities.
The Editor’s book explains, drawing from open information, that Gehlen, over time, managed to persuade the gullible Americans that Stalin, having supposedly absorbed Eastern Europe, was poised several years after the end of the Second World War, to overrun Western Europe with 210 divisions. Soviet Divisions are smaller than Western military divisions, but even so, at that time only one and a half of Stalin’s divisions which the strategic deceiver Gehlen represented were standing by to invade Western Europe, were mechanised.
• FACT: The rest were sill horse-drawn, in World War I mode!
With the postwar US State Department penetrated by agents of influence working for the German cause, the de-Nazification process was placed into reverse without President Truman’s approval, and very large numbers of Nazi scientists who had been working on Heinrich Himmler’s mind and personality control abominations and other hideous activities, were transferred by proprietary CIA transport aircraft under ‘Operation Paperclip’ and later programmes, to the United States with their families, with a sizeable contingent of Abwehr officers whose slates had abruptly been wiped clean.
This vote-face occurred after General Reinhard Gehlen had falsified information about Soviet intentions fed to the Americans, and had re-recruited many of his former operatives to operate clandestinely under cover of the Iron Curtain environment which focused the West’s attention exclusively on ‘containing the Soviet Union’, leaving Gehlen and his organization and associates free to pursue the Nazi long-range strategy that had been developed at the German Geopolitical Centre in Madrid, established in 1942 by the Nazi intelligentsia and the Abwehr, which had always recognized that Hitler was expendable.
These operatives perceived that the defeat of Hitler could be turned almost immediately to their advantage because the West would be likely to jump to the false conclusion that the death of Hitler would be synonymous with the permanent destruction of Nazism – a perception which proved to be accurate. In the new environment, and having effectively penetrated the CIA by the late 1940s, the Nazi cadres were free to pursue their long-range strategy without let or hindrance, especially since the East German State, while clothed in Communist garb, was actually a de facto continuation of the Nazi régime, with the East German STASI secret police operating precisely along Gestapo lines.
Information obtainable at Arlington National Cemetery reveals that Frank Wisner Sr. committed suicide in 1965 using one of his three sons’ shotguns, and was buried in the Cemetery as a naval commander, his wartime rank. The reason for Frank Wisner Sr.’s suicide has never been explained, but the official ‘line’ includes the following assertions, posted on a certain US intelligence website which ‘facilitates’ the rewriting of history:
• Wisner Sr. was recruited in 1947 by Dean Acheson to join the US State Department’s Office of Occupied Territories. When, a year later, the CIA invented a covert operations cadre, the Office of Policy Coordination (OPC), Frank Wisner Sr. was placed in charge.
The OPC’s secret Cold War charter included ‘propaganda, economic warfare, subversion against hostile states, including assistance to underground resistance groups, and support of indigenous anti-Communist elements in threatened countries of the world’.
• Wisner was responsible for establishing Operation Mockingbird, the purpose of which was to influence the foreign AND DOMESTIC media. This ongoing programme remains an extreme menace domestically, to this day, embracing approximately 60 websites, for instance, which routinely punch out deliberately confusing diversionary lies and disinformation – with the main orientation in the prevailing chaotic context being that its primary purpose these days is to obfuscate the rampant Fraudulent Finance operations that the US intelligence community has developed and exploited in order to finance its status as the arrogant, uncontrolled ‘State within the State’.
A key further purpose of Operation Mockingbird in its contemporary manifestation is to throw sand in the eyes of the 320,000+ scammed Ponzi victims who have been robbed blind by these official criminals and their underworld collaborators, in order primarily to prevent them from reaching for the weapons in their attics simultaneously.
Its overarching purpose is to generate as much confusion as possible, so that the reality that the entire Fraudulent Finance crisis is one gargantuan Ponzi Fraud is constantly obfuscated. Prior to the exposures, its main purpose domestically was to keep the 320,000 scammed Ponzi victims living in la-la land, entertained by the false gods Atonn, and Atonn with his Hatonn, and a-dreaming MK-Ultra-type dreams with space ships replacing moving stairways in accordance with mental taste.
• In 1952, Wisner was appointed head of the CIA’s Directorate of Plans, with Richard Helms as his operational chief, and control of 75% of the CIA’s formal budget. He was instrumental in bringing about the fall of Mohammed Mossaddegh, an Iranian Jew, in Tehran, and Jacobo Arbentz Gusmán, also of Jewish extraction, in Guatemala.
• When the FBI Director, Mr J. Edgar Hoover, became 'jealous' of the CIA’s unfettered power, he investigated the past histories of the OPC operatives, establishing that many of them had been active in left-wing politics in the 1930s. The information was provided to Joseph McCarthy, briefed to run an operation to discredit Communism. Hoover made sure that McCarthy was given details of an affair that Wisner had conducted with Princess Caradja in Romania during the war. Hoover also claimed that the Princess was a Communist agent.
• Crucially, Wisner worked closely with the British traitor Kim Philby, the British agent who was eventually unmasked as a Soviet spy but is believed by this service to have worked for the Nazis.
• The official ‘line’ concludes that Wisner was mentally destabilised by the Soviet crushing of the Hungarian Revolution – a piece of imaginative make-believe that we consider to be laughable.
However what is not laughable is that he then underwent psychoanalysis and was subjected to electroshock therapy. After treatment and apparent recovery, Allen Dulles, CIA Director of Central Intelligence, a long-term Abwehr agent, appointed Frank Wisner to be chief of the London Station. However he was judged to be still suffering from mental illness, was recalled to Washington, and agreed to retired from the Agency.
THE CIA BACKGROUND OF FRANK WISNER JR., A.I.G. VICE CHAIRMAN
Frank G. Wisner, eldest son of Frank Wisner Sr., born in 1938, very conveniently announced his intention to retire from the position of Vice Chairman, External Affairs, for American International Group (AIG) on 13th February 2009, when the heat in the kitchen became too hot. He had joined AIG in 1997, and was a Director of AIG from that year until 2003.
Here is a list of Frank G. Wisner Jr.’s ‘accomplishments’, apart from the senior AIG positions that this veteran and prominent CIA operative has held:
• US Agency for International Development, Vietnam, 1964-68.
• GAP in record from 1968 to 1979.
• US Ambassador to Zambia,, 1979-82.
• US Ambassador to Egypt, 1986-91.
• Senior US Deputy Assistant Secretary for African Affairs, US State Department, 1982-86.
• US Ambassador to the Philippines, 1991-92.
• US Under Secretary of State for International Security Affairs, 1992-93.
• Under Secretary for Policy, US Department of Defense, 1993-94.
• US Ambassador to India, 1994-97.
• Member of the Board of ENRON, 1997-99.
• Member of the Board of EOG Resources, 1997-
• Partnership for a Secure America Advisory Board Member.
• Trustee, Rockefeller Brothers Fund.
• Director, US-India Business Council.
• Member, Council on Foreign Relations (CFR).
Wisner Jr.’s domestic political affiliations illustrate our central point that it is neither here nor there which of the two wings of ‘The Party’ wins elections, as the Intelligence Power (the ‘State within the State’) always wins. He is named as having been associated with:
• Bill Bradley for President;
• Friends of Dick Lugar;
• Friends of Hillary;
• George W. Bush for President;
• Gore 2000;
• Hillary Clinton for President;
• John Kerry for President.
Politically, therefore, this man is whatever the male equivalent of a prostitute happens to be: totally devoid of principles and with infinitely ‘variable’ loyalties, and therefore ethics – a view confirmed by Vijay Prashad, then Assistant Professor of International Studies at Trinity College, Hartford, CT, in 1997. The Assistant Professor wrote:
‘When Wisner was US Ambassador to the Philippines (1991-92), Enron was engaged in negotiations to manage the two Subic Bay power plants. When Mr Wisner left Manila in July 1992, Enron won the contract and started managing the plants in January 1993. During Wisner’s long tenure in India, he fought long and hard to secure various deals for Enron’, and only left India when it appeared that Enron’s prospects in India, thanks to bribery and corruption, were secure.
Enron, of course, could hire whichever CIA operative it liked to do its dirty work, given that CIA operatives all believe they are protected from the consequences of their endless crimes by the crooks’ charter known as the National Security Act (et seq.), 1947. Thus, for instance, Vijay Prashad also pointed out that, to gain access to a lucrative contract to rebuild the Shuaiba power plant in Kuwait after it had been conveniently destroyed in Bush Sr.’s war, Enron hired James A. Baker III as consultant, 'who travelled to Kuwait to negotiate for Enron’, a CIA scamming operation which, like BCCI before it, was later stripped bare, its cash and borrowings used for illicit off-balance sheet, untaxed, clandestine leveraging and hypothecation Fraudulent Finance to generate ‘new money’ for the overall Ponzi Programme and to help finance the corrupt CIA ‘State within the State’, and then left to wither as a corpse.
One imagines that the prospect for this 70-year old of winding up contemplating cockroaches in the Metropolitan Correctional Center along with Madoff while awaiting trial for his part in the scamming operations perpetrated by A.I.G., should it finally collapse, was less than enticing: hence his exit.
We will now address some broader related issues before reverting to current themes.
U.S. SEEKS CONTROL OF INTERNATIONAL CRIME, TERRORISM AND DRUG TRAFFICKING
On 8th November 2005, The Jewish Institute for National Security Affairs [JINSA], which is located in Washington, DC, published a press release about a panel it had sponsored on 'Terrorism in Latin America', in which it reported that the event had been opened by the hardline 'conservative' US Republican, Congressman Dan Burton, who had made the following statement: and we quote:
'US national security interests in South America include control of international crime, terrorism, and drug trafficking'.
Congressman Daniel Burton did NOT say:
'US national security interests in South America include DEFEAT of international crime, terrorism, and drug trafficking'. OR:
'US national security interests in South America include ERADICATION of international crime, terrorism, and drug trafficking'. OR:
'US national security interests in South America include REDUCTION of international crime, terrorism, and drug trafficking'. OR:
'US national security interests in South America include SUPPRESSION of international crime, terrorism, and drug trafficking'.
NO. What Congressman Burton said, DELIBERATELY AND SPECIFICALLY, as reported in the JINSA Press Release (page one) was:
'US national security interests in South America include CONTROL of international crime, terrorism, and drug trafficking'.
In other words, the Congressman spoke the truth. Yes, it is indeed United States policy to:
• CONTROL international crime (i.e. to RUN international criminal operations).
• CONTROL terrorism (i.e. to orchestrate international terrorism on an open-ended basis).
• CONTROL drug-trafficking worldwide.
You will already have observed, no doubt, that although Congressman Dan Burton was addressing a REGIONAL conference (on terrorism in Latin America) he did not in fact qualify his remarks so that they referenced just Latin America alone. NO. What he did was to emphasise that it is in the United States' national interest to 'CONTROL' international crime, terrorism and drug-trafficking.
• Not REGIONAL crime, terrorism and drug-trafficking, but GLOBAL ditto.
Just consider precisely what this means. In summary, what the Congressman said was that the entire complex of US Government assets and power is geared to achieving CONTROL over these heinous activities, that is to say SPONSORING, DEVELOPING AND EXERCISING HEGEMONY OVER THESE CRIMINAL OPERATIONS. When did the American people authorise THAT?
And Congressman Burton helps us all to understand that it is 'in the US national interest' that the United States' Government IS a criminal enterprise.
This being the case, we should not be surprised at any of the abominations involving despicable operatives in high places that have been referenced in these reports since we had to start posting them. After all, IT IS IN THE U.S. NATIONAL INTEREST that these abominations should take place!
A CRIMINAL GOVERNMENT OPERATING ON DURKHEIM PRINCIPLES
Welcome back to the DURKHEIM PARADIGM: the model used by these Fraudulent Finance types.
Emile Durkheim (1856-1917), postulated and promulgated that the 'natural' norm for humankind was criminality, and that the absence of criminal behaviour was by definition aberrant. Note that in so doing, Durkheim not only specifically contradicted the glorious hope and truth of Jesus Christ, but also the core teachings of his own Torah. According to Durkheim, the Rule of Law and adherence to it are disoriented, perverse, eccentric and somewhat pathetic.
Notice any relationship to the arrogant criminal high-level behaviour spelled out in these reports?
BUSH-CLINTON-CIA DRUG-TRAFFICKING LINKS TO STANFORD OPERATION
Next, you may by now have had a chance to read through the full text of the Complaint filed by the Securities and Exchange Commission on 16th February against R. Allen Stanford, James M. Davis, Laura Pendergest-Holt, Stanford International Bank Limited, Stanford Group Company and Stanford Capital Management LLC posted by this service on 12th March 2009.
This Bush-Clinton money laundry operation developed from the Tupelo and Memphis laundry used by the Clinton gang, and subsequently by the Bush gangsters when they were running 'Black' drug deliveries into Miami and Mena, Arkansas. The Chief Investment Officer for Stanford, 35-year-old Laura Pendergest-Holt, who was also head of 'transfer operations', was arrested on 25th February and taken to a location near Houston described to us by a Houston-based source as 'super-secret'. Word from the source, based on 'inside' information, was that she was 'singing like a canary', and would be arraigned before a Federal Court on 27th February 2009. However, like 'Sir' Allen Stanford himself, this woman has in fact refused to cooperate with the special (not regular) FBI investigating team, and with the United States District Court for the Northern District of Texas, Dallas Division.
According to our sources, the 'transfer operations' involving colossal sums of money were those designated in the S.E.C. Complaint as 'Tier 3 Investments'. You can read how Stanford represented these investments by perusing the complete text of the Complaint [see Archive].
So what we have is another Bush-Clinton money laundry and criminal finance distribution operation handling drug proceeds ('Black Ops'), in the process of being closed down. And it will have been observed that 70-year-old Bernard L. Madoff pleaded guilty to all 11 counts against him, refusing to acknowledge that his operation was part of a much broader conspiracy (as was the case, given that Madoff was 'recruited' we understand, by the Bush Spider ['Die Spinne']).
As a result, Madoff, who will be sentenced in June, faces serving;
• 20 years for Securities Fraud (Count One);
• 5 years for Investment Adviser Fraud (Count Two);
• 20 years for Mail Fraud (Count Three);
• 5 years for Wire Fraud (Count Four);
• 20 years for international money laundering to promote specified unlawful activity (Count Five);
• 20 years for international money laundering to conceal and disguise the proceeds of specified unlawful activity (Count Six);
• 10 years for Money Laundering (Count Seven);
• 5 years for False Statements (Count Eight);
• 5 years for perjury (Count Nine);
• 20 years for making a false filing with the SEC (Count Ten); and:
• 20 years for theft from an employee benefit plan (Count Eleven).
REASON FOR REFUSAL TO IMPLICATE OTHERS: DEATH THREATS TO FAMILY MEMBERS
Obviously, in Madoff's case, the prospect of him dying in prison could not be higher. In the case of Pendergest-Holt, however, she would possibly expect to be freed by her 65th birthday if she had been prepared to implicate others (which she is reported to have done when 'singing like a canary' but this is inconsistent with the reported fact that she is 'not cooperating').
Assuming that she is not, we have (a) Mr Madoff who would have nothing to lose (ostensibly) by cooperating, since his outcome would not be affected; and (b) Pendergest-Holt who could improve her prospects some, by cooperating. So why aren't these people (including Stanford who, it will be recalled, was picked up in Virginia, intelligence community country, after his Credit Card had been refused by a firm he approached to fly him privately to Antigua), cooperating with authorities?
There can be only one obvious explanation for this common factor: they have all been threatened: if you 'shop' other components of the Octopus, we'll murder your family members.
OTHER PONZI SCHEMES ON BRINK OF BEING EXPOSED: 'PONZIMONIUM'
On 20th March, Bart Chilton, a Commissioner for the US Commodities Futures Trading Commission, said that 'rampant Ponzimonium' was being uncovered by the authorities all over the place. And as previously reported here, it is believed that at least TEN large European Ponzi schemes are 'waiting to unravel' 'as we speak'. Some are believed to be larger than the Madoff frauds.
MADOFF ACCOUNTANT FRIEHLING ARRESTED: SECURITIES FRAUD
On 18th March 2009, David G. Friehling. Madoff’s accountant, who operated from a small storefront office in the New York City suburb of New City in Rockland County, was arrested and charged with securities fraud and with aiding and abetting the investment adviser fraud perpetrated by Bernard L. Madoff. A related civil case was filed against him and his firm, Friehling and Horowitz, by the Securities and Exchange Commission.
Friehling was accused by United States Attorneys Lisa A Baroni and Marc Litt, in a filing before United States Magistrate Judge Theodore M. Katz, Southern District of New York, of deceiving investors by creating false and fraudulent certified financial statements for Bernard L. Madoff Investment Securities LLC and its predecessor corporation, and causing those certified financial statements to be filed with the US Securities and Exchange Commission (Securities Fraud: Count One). Count Two accused Friehling of Investment Adviser Fraud; Counts Three to Six dealt with False Filings with the Securities and Exchange Commission.
Special FBI Agent Keith D. Kelly stated in his sealed complaint, of which the Editor obtained a copy from the United States Court for the Southern District of New York on 20th March 2009, that David G. Friehling’s audit workpapers did not include documentation showing that Friehling had:
• (a) Conducted independent verification of his client’s assets;
• (b) Reviewed material sources old Madoff revenue, including commissions;
• (c) Examined a bank account through which billions of dollars of Madoff’s clients’ funds flowed;
• (d) Verified liabilities related to Madoff client accounts; or:
• (e) Verified the purchase and custody of securities by Bernard L. Madoff Investment Securities LLC and its predecessor, Bernard L. Madoff Investment Securities.
The FBI Agent stated that Friehling did not request back-up documents or make enquiries required for any auditing procedure that is compliant with accepted standards, and failed to take any steps, between 1994 and 2008, to test internal controls over key areas such as redemptions by Madoff’s enterprises of clients’ funds, the payment of invoices for corporate expenses, or the purchase of securities by Madoff for its clients. (It has been separately confirmed that Madoff did not purchase a single security for at least 13 years).
The American Institute of Certified Public Accountants (AICPA) requires that accountants who are members and who perform audits must undergo a peer review process, which includes a review of audit work papers. The FBI Special Agent elaborated that ‘each year, from at least 1994 through and including 2008, while he was certifying to the SEC that he was performing annual audits of Bernard L. Madoff Investment Securities in conformity with [the required standards], David G. Friehling, the Defendant, represented to the AICPA that he did not perform any audits, thereby avoiding the peer review process’.
This contradiction, extremely damaging for Friehling, highlights the PRACTICAL CONSEQUENCES of Fraudulent Finance upon discovery of the frauds in question. What is happening generally is that similar contradictions are being exposed every day, clashing with the Rule of Law in an endless series of ‘train wrecks’, which will continue for years.
Agent Kelly added:
‘In each… Report accompanying Bernard L. Madoff Investment Securities’ financial statements, Friehling… falsely stated that “we conducted our audit in accordance with auditing standards generally accepted in the United States of America”, when in fact he had not. Friehling also falsely stated that the audit “include[d] examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements”, when in fact, no such examination ever took place.
The acting Director of the SEC’s New York office informed The New York Times (20th March 2009) that Friehling ''essentially sold his license to Madoff for more than 17 years while Madoff’s Ponzi scheme went undetected''.
Further, under US law (Title 17, Code of the Federal Regulations, Section 240.17a-5(f) (3), the accountant must be independent in accordance with the provisions of Title 17, Code of Federal Regulations, Section 210.2-01 (b) & (c). Under that provision, an accountant’s independence is impaired when an accountant, or an accountant’s immediate family member, has ‘brokerage or similar accounts maintained with a broker-dealer that is an audit client if… the value of assets in the accounts exceeds the amount that is subject to a Securities Investment Protection Corporation [SIPC] advance, for those accounts, under Section 9 of SIPA (16 U.S.C. paragraph 78fff-3)…. Under Title 15, United States Code, Section 78fff-3(a), advances from SIPC are limited to a maximum of $500,000 to each customer'.
At the end of each year, between at least as far back as 1995 and 2007, an account owned by Friehling or his wife held equity balances in excess of $500,000. If convicted on all six Counts, David Friehling faces 105 years in prison. In Part 1 of our list of Madoff ‘victims’, posted on 6th February 2009 [Archive], the following Friehling accounts are displayed:
DAVID FREIHLING FRIEHLING AND HOROWITZ FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FRIEHLING & HOROWITZ CPA PC FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FRIEHLING & HOROWITZ CPAS FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FRIEHLING & HOROWITZ CPAS FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FRIEHLING AND HOROWITZ FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW YORK, NY 10956
DAVID FRIEHLING FOUR HIGH TOR R0AD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05403
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956H5703
DAVID FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID G FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID G FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOUR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956
DOUBLE STANDARD FOR MUNICIPAL ISSUERS
The Securities and Exchange Commission under Mary Schapiro, its new chief, is now of course trying to rectify its own battered reputation for laxity. Given its reportedly laid-back attitude for years while these abuses were both routine and accumulating, it cannot now afford to allow a single exposed instance of breach of the Securities Acts and regulations to be overlooked.
• Yet at the same time, municipal issuers are reported to be among the worst offenders in terms of lax filing behaviour in conformity with their statutory obligations.
According to research published in The New York Times on 22nd March 2009, even though US hospitals, cities and states that borrow money are required by their bond covenants to make the required filings, nondisclosure among the community of nearly 65,000 US municipal issuers is commonplace. DPC Data, based at Fort Lee, New Jersey, which collects information on municipal securities transactions, says that 50% of such issuers are more than a year late with their filings with the SEC, while 25% are said to be chronically delinquent, by three years or more.
Apparently legislation on the Statute Book dating from the 1970s restricts the SEC’s powers to investigate municipal issuers that fail to make the required disclosures. The SEC can spring into action only if fraud is suspected. This means that when fraud does take place in this $2.7 trillion marketplace, but is not suspected, the perpetrators ‘walk away’. The small print enables the SEC to take action against brokerage firms that underwrite municipal bonds if the brokers ‘allow’ an issuer to sell debt securities without being up to date with filings for the most recent five years. However such interventions are described as ‘unusual’, code for: it never happens.
Industry insiders therefore confirm that noncompliance with filing requirements in this sector attracts zero penalty. Peter J. Schmitt, Chief Executive of DPC Data, said that failure to enforce disclosure rules in the municipal securities market ‘has created a no-penalty environment that leaves investors defenceless against questionable practices by dealers’.
One proposal now before Congress is that the Municipal Securities Rule-Making Board, a self-regulating agency established by Congress in 1975 to devise rules by brokerage firms and banks that sell and trade in municipal bonds, should be merged with the SEC, which already ‘oversees’ its operations: to no apparent effect.
All in all, this represents another vast US marketplace in which parties appear to have been playing fast and loose with the rules, so that investors may have been paying over the odds for distressed bonds without being aware that the debt issuers were under stress, let alone that fraud was going undetected: another instance of double standards: one standard for the likes of David G. Friehling, and another for a hospital board in Cincinnati, Ohio.
SLOW AND PAINFUL PROGRESS IN ‘TAKING DOWN’ THE OCTOPUS
As the SEC Stanford Complaint [Archive: 12th March] makes clear, the Stanford leg of the Octopus was destabilized as a direct consequence of the Madoff implosion, which followed the ‘lockdown’ on 10th-12th September 2009 of the $14.0 trillion of real funds, including the $6.2 trillion of LOAN money belonging mainly to the British Head of State and made available to finance the Group of Seven-Approved on-the-books Dollar System Refunding operation described in previous reports.
Madoff was battling with a reported $7.0 billion of redemption requests from October 2008 onwards, after ‘spare’ liquidity had completely dried up, except for drug money flows, completely, following the ‘lockdown’. Likewise, the SEC’s Stanford Complaint document revealed that ‘in recent weeks… an increasing amount of liquidation activity’ had been monitored, plus ‘attempts to wire money out of its investment portfolio’. The Commission had received information ‘indicating that in just the last two weeks, SIB has sought to remove over $178 million from its accounts'.
Accordingly, the sequence of events is clear: ‘lockdown’ of the real-money $14.0 trillion, triggered on our advice as a consequence of the rampant ongoing abuses of these funds perpetrated by the US authorities and the corrupt US money center banks participating in the US Treasury's Custodial Account network; the consequent drying up of interbank market liquidity, drug money flows being insufficient to keep the vast carousel going; exposure and implosion of the Madoff Ponzi networks; leading directly to the exposure and implosion of the Stanford Fraudulent Finance operations.
Although it is true that Ponzi Scheme collapses such as these are considered by the biggest and most ruthless ‘players’ to represent mere collateral damage while ‘life moves on’, the reality is that these developments represent material gains in the process of ‘taking down’ the Octopus, which has so many tentacles that it may well take more than a generation for the beast to be slaughtered. But just remember the state of affairs two years ago: back then, the US criminalist classes thought there would and could never be any effective opposition. Recent events and have compelled some of the less arrogant of these creatures to accept that they were wrong.
Which makes it all the more extraordinary that, notwithstanding such developments, the stealing and diversion of funds has continued on an even larger scale, according to reports received during the first quarter of 2009, under Obama than under the discredited predecessor régime – even though some observers think that Mr Obama is not in charge of events.
STANFORD OPERATIONS AND THE OCTOPUS
Whether Obama is or not, a photograph of Mr Obama and Stanford published by Wayne Madsen’s service on 19th February, and public domain intelligence to the effect that Stanford’s island base of Antigua has featured prominently as a center of operations for the Israeli-Russian mafiya, make it clear (a) that President Obama knew about Stanford before he came to office and (b) that Stanford’s activities, in which many governments have taken an interest for years, were unsavoury. Stanford, who has been exposed as a long-time associate of the Bush Crime Family, has his Houston offices, Madsen reported, ‘directly across Westheimer Road in the part of the Galleria complex where the Carlyle Group offices are located. Coincidence? Not with the Bush criminal cartel’.
• On 18th March it was reported that Madsen was arrested while he was meeting a source with knowledge of Stanford’s connections, but both were later released.
According to ABC TV, in 2008 Mexican authorities seized one of Stanford’s private jets as part of an investigation into the Gulf Cartel by both the Mexican authorities and the FBI. Inside the cabin of the Gulfstream jet, police found cheques connected to drug cartel recipients. On 1st January 2009, the one-man-band accountant based in Antigua who had provided Stanford with ‘auditing’ and related services, died mysteriously just one day after the expiry of his contract with Stanford.
STANFORD ‘TOOK OVER’ FROM NORIEGA AGAINST WHOM LEHDER TESTIFIED
As previously reported, R. Allen Stanford ‘took over’ from Noriega, after Bush Sr. had double-crossed the Panamanian operative; and indeed, drug-running connections to Stanford are widely accessible in the public domain. Which brings in the covert DVD operative, Carlos Lehder Rivas, born in the United States of a Colombian mother and a German father.
Carlos Lehder began his life of crime as a low-level drug dealer in Michigan, and after doing time in jail for a drug-related car theft, Lehder ‘decided’ to seek his fortune in Colombia, according to the open ‘legend’. In reality, he was targeted and then recruited by or on behalf of the German ‘Black’ counterintelligence agency which is the heir of the Nazi Abwehr, Deutsche Verteidigungs Dienst (DVD), based in Dachau, near Munich, almost certainly with the knowledge or on the instructions of George H. W. Bush Sr., the top Godfather implementing long-range DVD criminalism strategy in the Americas. As we have repeatedly mentioned, the headquarters building of the Central Intelligence Agency is named the George Bush Center for Intelligence, a simple fact which itself confirms the pinpoint accuracy of Congressman Dan Burton’s revealing admission above.
Lehder was so well-placed that when housed in a two-cell unit at the US Penitentiary in Marion, IL, he was given a telephone, which he used to contact aides to the then-Vice President George H. W. Bush, who had been in charge of the CIA during the early years of the Medellín Cartel. The Editor’s book The New Underworld Order develops intelligence to reveal that the Colombian drug cartels were in fact established with the close assistance of the CIA and that foreign operations inside the CIA (which turned out to be German and Soviet) were instrumental in their evolution.
EFFICIENT TEUTONIC ORGANISER OF THE MEDELLIN CARTEL FOR BUSH/CIA
According to a report in the Pittsburgh Post-Gazette published in May 1996, Carlos Lehder Rivas used an efficient, high-tech approach to cocaine smuggling that facilitated the bulk shipment of the drug in mass volume. Using a remote landing strip, Norman Cay, in The Bahamas, which Lehder had secured by bribing Bahamian officials and scaring off inhabitants.
Lehder arranged for jets loaded with bulk cocaine to land at Norman Cay, where the drug would be loaded onto similar aircraft and dispatched into northern Florida, Georgia and the Carolinas. These unexpected destinations made evasion easier because the authorities were only then watching the United States’ southern borders.
Following this ‘success’, Lehder talked other drug lords into forming a cooperative based in the northwestern industrial city of Medellín. At the peak of the Medellín Cartel’s power, a jet loaded with up to 300kg of cocaine would fly into the small Bahamian airstrip every hour of every day, 24/7. The similarity with the operation using the Mena, AK, airport facility has not been lost on observers.
CATALOGUE OF VIOLENCE UNLEASHED BY LEHDER
Gross, unfettered, demonic violence, typical of the German Nazi mentality, accompanied all of the Medellín Cartel’s operations.
A US Federal detention order for Lehder drawn up in 1987 stated that Lehder and other Medellín Cartel operatives were responsible for assassinating the Colombian Justice Minister in 1984; for the 1985 armed attack on Colombia’s Supreme Court building that killed eleven justices and 84 other people; for assassinating two Colombian newspaper editors and 26 other journalists; for shooting the Colombian Ambassador to Hungary in 1987; and for a long list of murders of police officers, informants and government officials. Lehder also threatened to kill one Colombian Federal Judge a week if he was caught, prompting US officials to place narcotics agents, their families and other officials on worldwide alert after Lehder was finally arrested.
Yet when, following three years of US pressure on Colombia to adhere to an extradition treaty and turn Carlos Lehder Rivas over, he was finally extradited, Lehder was given kid-gloves treatment from the outset. For ‘public consumption’, the reason for this approach was that the Government wanted Sr. Lehder to testify against General Noriega, who had interfered with the George Bush Sr.-related drug operations in the region (i.e. Bush had double-crossed Noriega, as he always does, not the other way round).
In reality, Lehder’s evidence, as previously reported, was useless: and Mr Robert Merkle, the US Attorney at Tampa, Florida, at the time, who had prepared a Noriega indictment, believed that he had more than enough evidence against Noriega for any input from Lehder to be superfluous.
In the event, Carlos Lehder testified that he had had no direct contact with Noriega, although he acknowledged that the Medellín Cartel had paid millions of dollars to the Panamanian President. For much of his testimony against Noriega, Carlos Lehder Rivas in fact indulged in rambling tirades about US imperialism. This is routine among not only the ‘former’ Soviet apparatus, but among Nazi operatives, to this day. Anyone who doubts this fact should study the hatred tirades by Argentine Nazis against the United Kingdom, as part of the ongoing DVD-manipulated campaign by Argentina (which has failed) to acquire sovereignty over the Falkland Islands.
• In 1982, the Argentine junta was given the ‘green light’ by the secret German ‘Black’ penetration agent, George H. W. Bush Sr., then Vice President of the United States and in charge, therefore, of the National Security Council, to invade the Falklands.
LEHDER EXFILTRATED TO GERMANY UNDER CORRUPT 2000 ELECTION PAYOFF DEAL
When the time came for the 2000 US Presidential election to be stolen, ready money was needed to pay off the Democratic National Committee (which received a $32 million payoff) plus the judicial, law enforcement and legal parties whose cooperation suddenly became necessary and who were to be paid $8 million: whereupon Lehder was tapped in jail for the necessary $40 million in bribes.
The deal was that the top representative of the Bush Crime Family who required the ready cash (because of course the Bush Crime Family could not be expected to part with a single rotten cent of their own ill-gotten gains) would arrange for Lehder’s immediate exfiltration to GERMANY in exchange for Carlos Lehder Rivas extracting $40 million from a bank account on demand.
STANFORD LINKS TO FUND RUN BY BIDEN FAMILY MEMBERS
Recalling again that the Stanford tentacle of the Bush-Clinton-CIA money laundering and financial distribution network ‘took over from’ Noriega’s drug-trafficking operations, the revealing article entitled ‘Stanford has links to a fund run by the Bidens’ published in The Wall Street Journal on Tuesday, 24th February 2009, was clearly of more than incidental interest. The report stated:
‘A fund of hedge funds run by two members of Vice President Joe Biden’s family was marketed exclusively by companies controlled by financier R. Allen Stanford, who is facing Securities and Exchange Commission accusations of engaging in an $8.0 billion fraud’.
‘The $50 million fund was jointly branded between the Bidens’ Global Advisors and a Stanford Financial Group entity and was referred to as the Paradigm Stanford Capital Management Core Alternative Fund’. ‘Paradigm’ is a high-level Masonic key-word. Stanford-related firms marketed the fund to investors. Paradigm Global Investors is owned through a holding corporation by the Vice President’s son Hunter, and Joe Biden’s brother James, the newspaper stated.
Paradigm’s Attorney, Mr X. LoPresti, told The Wall Street Journal that ‘the fund has offered to turn over the $2.7 million investment it received from Mr Stanford’s firm in 2007 to a Court-appointed receiver in the SEC’s civil fraud case involving Mr Stanford’.
Crucially, Mr LoPresti told the newspaper that the Stanford entities put up the $2.7 million in seed money and marketed the (Paradigm) fund to investors. SEC records show that the fund, which was launched in June 2007, had 104 investors as of November 10, 2008, with assets of $49.8 million. Paradigm, based in New York, manages assets worth about $270 million.
Paradigm is/was mentioned on the website of a Stanford entity called Stanford Trust Company, as one of that firm’s ‘investment management strategies’.
Attorney LoPresti confirmed that under an agreement, the Stanford group was entitled to share in a proportion of the fund’s management and performance fees.
When the Bidens bought Paradigm in 2006, the purchase was accompanied by bitter litigation. A knowledgeable source separately references the sale of the MBNA Credit Card operation to the CIA’s very own Bank of America, the proceeds of which deal provided lubrication.
It will have been observed that if Stanford, a Fraudulent Finance operation, was marketing the Biden-owned Paradigm fund to investors, the owners and managers of the Paradigm entity, viz. members of Vice President Joe Biden’s family, may have been co-conspirators in the marketing of fraudulent securities to Americans in various US States. Wire Fraud. 20 years.
OTHER BIDEN BACKGROUND SCANDALS
Separately, Joe Biden had to agree finally to pay for the hire of a jet plane, after ignoring repeated requests for payment from the owners of the aircraft. This particular Biden scandal was exposed by an accountant (CPA), whom Biden still reportedly owes $15,000. A distinguished lady known to the Editor for many years now, worked on Mr Joe Biden’s Presidential campaign financial disclosure engagement. The source tells us:
‘I busted it for him and got everything right. He stiffed me for over $15,000 worth of work. He refused to pay once he dropped out of the race. I undertook similar Capitol Hill campaign financial disclosure work for Bob Dole, Pat Buchanan and a Democratic Candidate for Ambassador to New Zealand. All those folks paid me even though they either lost the election or else did not get the appointment. That type of work is very demanding and very tedious because your efforts are scrutinized by Congress. Biden did not care’.
BIDEN ATTEMPT TO SET US UP/USE THIS SERVICE
As previously reported, the Editor exercised his discretionary right NOT to publish certain details that were proffered to us over the weekend of 7th-8th March 2009 – at the instigation, it transpired, of Vice President Joe Biden and certain gentlemen of Italian extraction.
Specifically, Michael C. Cottrell, B.A., M.S., received an insistent request for him to ‘ask’ the Editor to publish certain information which would have had the effect of shifting the blame for ongoing financial misappropriations and thefts squarely onto the previous (Bush) Administration, thereby redirecting the focus of attention away from the ongoing sabotage of overdue settlement payments perpetrated under the Obama-Biden Administration itself.
The only element of the information, which had been made available to the Editor IN WRITING, that was used, was the request from US sources for us to amend our earlier reference to ‘about $50 billion of funds belonging to The Queen’ having been stolen in the context of the withdrawal on 29th January 2009 of the $14 trillion in cash including the $6.2 trillion of LOAN funds, to read ‘$52 billion of ‘guarantees’ signed by the Queen (no funds stolen)'.
A guarantee with The Queen’s signature could arguably be said to be by far the most valuable prospective collateral in the world: so the stealing of these guarantees worth $52 billion face value seems to us to be even more serious than the stealing of $52 billion of monies belonging to the British Sovereign. We were subsequently informed that the '52 billion of guarantees' signed by the Queen had by some miraculous process been ‘restored’.
In other words, if I break into your house and steal all your family’s silver with a view to pledging it as collateral at a bank for a loan, but I get caught in flagrante and so send the stolen silver back, I have made restitution and remain a free man. We don’t think so. A theft took place, more than fully justifying The Queen’s belated decision to withdraw the LOAN funds, which had been languishing ever since they were made available via the Bank of England to the Bank of New York Mellon on 19th-20th June 2007 for the purpose of financing the Group of Seven-approved transparent, on-the-books, fully taxable Dollar System Refunding Programme, which would reliquefy the money center banks ON THE BOOKS not only AT NO COST TO THE U.S. TREASURY, but also to the huge advantage of the Treasury, which would receive an open-ended cascade of tax payments.
Interestingly, by way of ‘blowback’ from this development, it was reported to the Editor at 5:00pm on Sunday 22nd March that President Obama had told associates words to the effect that ‘I don’t care whether it’s the fault of my Administration or the previous Administration [that the numerous overdue settlement payments have been held up]. It’s got to be done’.
This outburst was either staged (very possible) or else reflects a blazing row that appears to have taken place between President Barack Obama and Vice President, Joe Biden, who has completely discredited himself by actually authorising an operation to try to persuade us to publish certain information that would have assisted him inter alia at his then imminent appearance on behalf of the US Government at the World Court. Although this institution is anathema to Washington, the US Government cannot avoid dealing with it, as other countries use the Court to press their claims against a pariah country called the United States.
And indeed, during the same period, Vice President Biden was reported to have appeared at the World Court, where he was refused a hearing. Had the information that we were pressed to publish actually appeared on our website, we are told that the outcome might have been different.
The attempted Biden set-up involved us publishing a series of detailed known facts concerning the misappropriation (on 18th January 2009, immediately ahead of the Inauguration) of the CMKX $12.8 billion, which would have explicitly implicated George W. Bush Jr., George H. W. Bush Sr., Dr Alan Greenspan, and the Carlyle Group in the theft of the CMKX funds. Since certain elements of the proffered information could not be verified and the pressure to publish this was not only traced to the Office of the Vice President but we were expressly informed that Mr Joseph Biden wanted the information published, we declined to agree to this quite extraordinary request – a refusal which caused consternation and much anger all round.
Further, the Editor decided that the exceptional pressure that had been exerted upon Mr Cottrell, asking him essentially to ‘order’ the Editor to publish this material, constituted not only the exertion of unfair pressure on Mr Cottrell himself, but a gross infringement of the Editor’s right to decide precisely what and when he will publish: a view with which Mr Michael Cottrell, who had been most uncomfortable with the request, immediately agreed. In fact both parties simultaneously concurred that since neither was satisfied with the information, let alone the motives behind the request, the material could not be published without further clarification (which was not forthcoming).
At all events, it is understood that this refusal by the Editor caused much annoyance all over the place: and the reason soon became clear. Mr Biden’s reported foray to the World Court flopped, because whatever he was asking for (believed to entail blaming the previous Administration for the Obama Administration’s failure to date, to perform) simply wasn’t believed. Had we published what was proffered to us, the outcome might have been different.
• In a separate instance of the US propensity to try to entrap the Editor of this service, information has recently appeared elsewhere concerning the Clinton theft of $500 million from Bank Crozier in Grenada, in the 1990s – a theft that we have referred to in International Currency Review, based upon our own long-term investigative research. It was being falsely alleged that this theft ‘must have’ occurred some time in 2003, which is not true. The purpose of this falsified information and provocation, devised by ‘Die Spinne’, was to inveigle the Editor into ‘correcting’ this false report, which the Spider hoped might have certain ‘repercussions’, given the operative currently serving as American Secretary of State.
However if we were to try to correct the lies, deliberately cynical diversionary distortions and other ‘reinterpretations’ of what we know to be true, that litter US websites, we would be fully engaged in that futile process and we would get no publishing work done at all.
CHINESE REPORTED TO HAVE OBTAINED LIEN ON FEDERAL RESERVE
By contrast, the Chinese Government, as noted above, went to the World Court in early March and obtained a lien on the Federal Reserve, we were informed. This was reportedly forthcoming after the Chinese parties had concluded that the Obama Administration had no more intention than its corrupt predecessor to meet its old financial obligations towards the Chinese, which relate to US undertakings made in the late 1930s for a 70-year period which has expired.
In this connection, the US authorities had originally assumed that the cap placed on the price of gold would limit their liabilities to the Chinese parties for all time: but because the Bretton Woods monetary system collapsed in the early 1970s, and even more to the point because the United States has been hijacked by ruthless organised criminal gangs whose only interest has been self-enrichment, funding the 'State within the State' and thus the World Revolution for three decades now, the price of gold has long since broken loose, while in terms of gold the dollar’s value has of course accordingly declined – so that it will, we are now told, take several generations for the US authorities to recompense the Chinese without resorting to war.
This horrendous strand of the crisis is overlain by the multiple other evil strands about which the ‘mainstream media’ have remained culpably silent.
For instance, the stealing of Her Majesty’s gold on 29th-30th March 2007, which we alone reported and for which we were excoriated by people in the United States who had no idea what they were talking about, appears to have been linked to an arrogant attempt by Bush-related operatives to provide the wherewithal for the Chinese Settlement. It may be the case (although no-one has told us this) that the publicity we were able to give to this matter, put paid to that criminal operation – which ended when the gold was restored, we believe, by around the same time (June 2007) that The Queen’s LOAN funds were made available for the Dollar System Refunding Programme.
Had the corrupt Paulson Treasury not immediately moved to exploit the Queen’s LOAN funds, along with the other sovereign cash funds making up the $14.0 trillion referenced in our reports, but had rather allowed the planned private sector refunding activity to proceed, the United States would have acquired sufficient accruals by now not only to have been able to meet its obligations to the Chinese, at least in part, but to implement sound financial policies across the board.
• However since Paulson is a professional criminal financier, his priorities lay elsewhere.
As a consequence, the collapse of the derivatives Fraudulent Finance Ponzi networks triggered inter alia by our exposures has occurred in sync with the colossal crisis surrounding the Chinese payments: a concatenation of events which could not possibly be worse, and which appears tailor-made to lead to World War. Given what President Obama is reported to have proclaimed (above), it is appropriate, absent contradictory information, to give the President the credit for understanding the extreme gravity of the world's crisis, even though President Barack Obama has presided over very serious criminal events which may or may not have been perpetrated with his knowledge: our inclination is still to give the President the benefit of the doubt: when dealing with such secret but earth-shattering matters, it is impossible for outside observers, whether ‘connected’ or not, to know more than a fraction of the truth.
The following information is therefore reported as received:
• 12th March 2009: Armed with the lien from the World Court, the Chinese Foreign Minister, Yang Jiechi, appeared in the Oval Office amid the cover story about tensions between American and Chinese ships in the South China Sea.
• 17th-18th March: Chinese reported to us to have received the first instalment payable by the United States as referenced above.
• 19th March: Unconfirmed rumour that, on the contrary, the Chinese Government had exercised its lien against the Federal Reserve. On our checking this out, the rumour was dismissed out of hand by knowledgeable sources.
• 20th March: Unconfirmed rumours of arrests in Washington, DC. The Editor is advised by several sources that $3 trillion ‘arrived’ at the Treasury. This is later amended to $4.0 trillion.
• 21st March: It is reported to the Editor that five officers at the Federal Reserve were arrested (see above) after having attempted to divert or steal $200 billion. Other sources said that two officials were arrested: but on 22nd March, separate sources confirm that the number of officials arrested was five.
• 22nd March: At around 5:00pm New York time, it is reported to us that the Chinese parties were paid $13 trillion by the US Government between Wednesday 18th and Friday 20th March 2009. The source provides confirmation of President Obama’s remarks, summarised above; and it is further reported that at least one Obama official was arrested on 20th March, indicating that suspicions of treachery within the Obama Administration are justified.
• 22nd March: About 20 minutes later, the following completely conflicting 'information' is made available to us:
• First, the Obama Treasury offered to pay the Chinese parties in Treasuries, an offer which the Chinese turned down flat.
• Secondly, President Obama or his officials then told the Chinese: in that case, we’ll pay you in cash (as suggested by the earlier report above).
• Thirdly, the Chinese said: ‘No way. Pay us in gold’.
• In the fourth place, the President or his officials responded:
‘There is no way we are going to pay you in gold’.
• Fifth: The Chinese responded: ‘We will only take gold’
(Unspoken: You fools are preparing your own hyperinflation and at the same time you are trying to sell trash Treasuries which no-one in the world wants to buy. Your currency is going to hell due to your own stupidity and to your successive attempts to avoid facing reality: and you want to pay us in Treasuries or cash? We have no confidence in either. We must be paid in gold).
• Sixth: President Obama or his officials responded: ‘No way. Take us to court. You’ll lose’. Which is probably true, since, if any of the foregoing sequence is accurate, the US Government had already offered to pay the Chinese in US Treasury instruments or cash.
The outcome of all this could have been that the Chinese finally accepted cash, as was implied by the original report. It should also be borne in mind either that the scenery has since changed, or that some of the so-called information is false, or that all of the information is false, or all of the above. However the foregoing provides a snapshot showing what may have been going on behind the scenes, beyond what the Editor knows because of the direct attempt to influence us to publish certain information, as detailed here and previously.
Certainly, if that information had been published, the consequences would have been severe. It may transpire that it needs to be published, given that Vice President Biden did not achieve his objectives on that occasion. The information implicating the Bush Crime Family in the CMKX theft is extremely damaging and may need to be publicised outside the Biden context.
KISSINGER AND BAKER RETURN FROM MOSCOW 'WITH GORBACHEV'
On 19th March, Bloomberg reported that President Obama had despatched Dr Henry ('call me Henny') Kissinger, the odious triple or quadruple+ DVD agent with the guttural German accent, and the Bush Crime Family's #1 fixer, James A. Baker II, to Moscow to 'talk to the Russians'. Following their meeting with President Medvedev and GRU-'Prime Minister' Vladimir Vladimirovich Putin in Moscow, Kissinger and Baker returned to Washington DC; and our sources believe that they were accompanied by Mikhail Gorbachev, the former Chief of the CPSU's Administrative Department under Yuri Andropov (Lieberman), whose real name is Korbach or Orbach.
• FACTS: The Administrative Department was the most powerful slot in the entire Soviet CPSU structure. Gorbachev occupied that slot as early as the beginning of the 1980s. This consummate Leninist deceiver has never changed his spots. He occupies a large suite of offices inside the Kremlin. The sudden arrival of the top Soviet in the Oval Office (see immediately below) after being brought to Washington by Kissinger and Baker, must be viewed as an ominous development.
SECRET MEETING BETWEEN OBAMA, BIDEN AND GORBACHEV
On Friday 20th March, a secret meeting took place in the White House between Mikhail Gorbachev, Presidnet Obama and Vice President Biden.
BRITISH-AMERICAN RELATIONS AT AN ALL-TIME LOW
It has been reported that US-British relations are at their lowest level ever, a state of affairs that is supported by the insulting treatment meted out to this Editor in having a printed circuit or ‘chip’ stuck onto his right leg by an NSA or other US operative while he was sleeping in a hotel during his visit to the United States as described above.
On 11th March, it was reported that Sir Gus O’Donnell, the Head of the British Civil Service (an aimiable man whom the Editor has met) had protested that he had been finding it ‘unbelievably difficult’ to get hold of any Obama Administration personnel. Very senior British officials were complaining that they cannot get beyond the Administration’s mindless answering machines, and that attempts to coordinate the so-called G-20 ‘pre-summit’ summit meeting, held ludicrously in humble Lower Beeding, Horsham, in West Sussex, proved particularly aggravating in this respect.
• An anonymous German delegate to that meeting complained in Paris Match magazine that the event was “a madhouse”, adding “You don’t choose some place in the middle of nowhere for a summit of such importance’ – the point being of course that the importance of both the pre-summit summit and of the G-20 summit itself has been downgraded by the British: the actual conference in early April is not being convened in the Queen Elizabeth Conference Centre opposite Westminster Abbey and the Houses of Parliament, where it should be held, but miles away in Docklands – a clear signal that the whole idea of elevating the G-20 onto a pedestal to smother the G-7 in order to bury the G-7-Approved private sector Dollar Refinancing Programme is felt in London to be a 'mistake'.
The top British civil servant said in public that when he tries to make contact with key members of the Obama Treasury Department, ‘there is nobody there’.
The phones ring and nobody answers. ‘You cannot believe how difficult it is’, Sir Gus O'Donnell told participants at a recent civil service conference. The reports of this fracas that we have seen did not provide any explanation for this perverse US official behaviour – which was, and is, that the British authorities do not go along with all this Obama-Geithner madness and are incensed at the repeated insults and thefts committed against the British Sovereign by the White House, reported in these presentations. Of course this is never mentioned as the underlying cause of the tension.
Although we do not credit the British Treasury with having pursued sensible policies under the Labour Government, at least there is no whiff (that we can detect anyway) of corruption there – in sharp contrast to the position in the United States, where the Treasury’s reputation sank into the sewer under the corrupt Henry M. Paulson, and is liable, under Geithner, to sink below it.
The real source of the UK-US tension, namely the cowboy finance operations of the US authorities, was ‘disguised’ for public consumption by the ‘substitute’ cover stories about Obama removing the bust of Sir Winston Churchill from the Oval Office, and the farcical gift of 25 DUD DVDs by Obama to Gordon Brown – an intellectual who reads voraciously and certainly, like this Editor, has no time at all for videos. In addition, some bumped-up American apparatchik told British officials that Britain isn’t ‘special’ to the United States, which is quite true. The Brits feel the same way, in reverse, after having had to live with the strench of the corruption machine wafting from Washington and Wall Street and the feckless refusal of US law enforcement (hitherto) to enforce the Rule of Law.
• FACT: To make matters worse, and to illustrate the crudeness of these people, the DVDs are no use in Britain, where different technical standards apply, so presumably they've been thrown away.
In any case, given recent experiences and the multitude of US abominations recorded in these reports, it is our own view that the so-called ‘special’ relationship was destroyed by the Bush II Administration; and that even though Britain itself has a criminal government, too, the United Kingdom should distance itself from a cnation run by a terrorist ‘State within the State’ which no-one in the United States has the guts, apparently, to try to bring under control.
If Congress were doing its job properly, it would demand to know why the CIA (proxy for the huge number of US intelligence agencies of which the CIA is the best known) is in the drug business.
Put another way, it would be asking WHY the United States’ national security interests ‘include the CONTROL of international crime, terrorism and drug trafficking’. President Obama should be asking these questions, too – instead of which he is complacently permitting the ‘State within the State’ to remain unreformed, running the Government, and dictating the President’s priorities.
More to the point, it is the self-financing requirements of the ‘State within the State’ that are the root cause of the Obama Administration’s short-sighted and probably fatal rejection of the ONLY solution to the entire crisis: private sector on-the-books trading that is fully transparent and taxed, generating massive ongoing windfall tax REVENUES to the Treasury, and zero cost to the taxpayer. Because the corrupt ‘State within the State’ fears that it would lose its usurped power to control the Executive Branch if it were to cease to be self-financing via its proprietary Fraudulent Finance Ponzi operations, its drug-trafficking and all the other corrupt practices in which it indulges, it has seen to it that the new Administration has chosen the route to financial and economic perdition.
• In other words, the ‘State within the State’ has placed its own corrupt interests ahead of those of the American people, as usual.
BELATED WHITE HOUSE SECOND THOUGHTS, GIVEN THE IMMINENT MEETING WITH QUEEN
The damage to US-British relations has been done, and attitudes in Britain are hardening not only against the disliked European Union Collective (the remodelled Soviet Union in the making, and a monstrosity so corrupt that even its own Court of Auditors has refused to sign off on the European Commission’s accounts for the 14th year in a row), but likewise against the United States, which is perceived to have triggered this crisis.
• The fact that the City of London is among the most corrupt sinks of speculative iniquity on earth is not yet properly understood, although recent controversies over obscene self-enrichment and bonus arrangements are causing scales to fall from many eyes.
On 15th March 2009, The Sunday Telegraph carried a prominent article entitled ‘Obama’s bungling aides ‘are told to get a grip’’, implying that somewhere deep inside the recesses of the collective mentality within Washington DC power circles, a soupcon of anxiety about kicking Americas’s most (misguidedly) loyal ally in the teeth, was proving somewhat counterproductive.
Specifically, the article said that 'Barack Obama’s aides have privately admitted that presidential errors during his first 50 days in power have contributed to a sharp fall in Obama’s popularity with voters and pundits alike. His staff are being warned to get a firmer grip now that he has passed the 50-day mark, and prevent a repeat of the mistakes that marred the past seven weeks’.
Natürlich, the newspaper made NO MENTION of the catastrophic error that matters – the only one that matters – namely the fact that instead of ‘going financially straight’, Barack Obama has instead allowed his advisers to choose and pursue the crooked path of dud, leveraged, debt-accumulating Fraudulent Finance based on NOTHING, which will saddle the Treasury with vast accumulations of background official debt and will jeopardize the futures of several generations of Americans in the process. The only way that will be avoided is via the hyperinflation that the model presupposes.
FACE-TO-FACE EXCHANGE BETWEEN PRESIDENT OBAMA AND THE QUEEN
The British newspaper focused on the WRONG ISSUES, but this fascination with the trivial aspects of diplomacy did reveal how nervous the Obama White House appeared to be over the President's meeting with the Queen (IF he turns up), giving rise to the following predicted exchange:
Her Majesty: Good morning, Mr President, how very nice to meet you.
President Obama: It’s a pleasure to be here, Your Majesty.
HMQ: Mr President, I was concerned to hear about a small matter of $52 billion of my guarantees that apparently went missing recently.
PO: I understand that these were restored, M’am.
HMQ: Yes, but why were the guarantees diverted or stolen in the first place? Were any of my guarantees used for purposes for which they were not intended?
PO: I don’t know M’am. I imagine not.
HMQ: Mr President, you are aware, are you not, that after my LOAN funds within a total amount of $6.2 trillion languished within your banking system within the Treasury Custodial Account network at several money center banks for 19 months, to no avail, I was compelled, on 29th January 2009, to order the withdrawal of these funds, which were made available via the Bank of England on 19th-20th June 2007 to finance the Group of Seven-Approved Dollar System Refunding Programme by means of transparent private market trading transactions?
PO: I am, M’am.
HMQ: Mr President, are you aware of the REASON that I had to order these funds to be withdrawn?
PO: Not entirely, Your Majesty. Please explain.
HMQ: Mr President, when you toured European countries last year, you signed documents in which, I understand, you pledged to release all the blocked or hijacked funds and to proceed, if I am not mistaken, with the G-7-Approved private sector Refunding Programme. I had been led to believe that, in the light of your undertakings, you would indeed honour your commitments.
PO: My advisers decided that I should adopt alternative strategies, I am afraid.
HMQ: But Mr President, a signed commitment is a signed commitment, you know! Furthermore, my own expert advisers inform me that the ‘alternative strategies’ that your officials have adopted are designed to revalidate and revalue fundamentally worthless false derivative ‘assets’ while at the same time accumulating vast new mountains of real debt with which generations of Americans will be burdened in the future – a state of affairs which could have been entirely avoided if you had implemented the Group of Seven-Approved Dollar System private sector Refunding Programme for which I provided the necessary funds on LOAN, and which you undertook to do last year.
PO: Unfortunately, M’am, I was advised that our banks would not be prepared to cooperate in the proposed G-7-Approved private sector Refunding Programme.
HMQ: But Mr President, you carry the privilege of being the most powerful human being on earth! You have the power to insist upon the implementation of what was agreed by the world’s leading financial powers in 2007 and 2008! In addition, I made available a very large sum of money pro bono publico on a LOAN basis to finance this project, which I told the Group of Seven powers in 2007 was necessary ‘for the sake of the whole of humanity’. Moreover the Group of Seven-Approved private sector Refunding Plan would have cost the US Treasury NOTHING, while showering it with windfall tax revenues for a long time to come! What on earth persuaded you to disregard this very simple and straightforward solution to your problems, which are OUR problems, too?
PO: Uh, I hear what you say, M’am. It looks as though the various patchwork schemes developed by Timothy Geithner are going nowhere anyway. I’ll reconsider the situation.
HMQ: Ah, but Mr President, as you know my LOAN funds were withdrawn on 29th January after it had become clear that your Administration was not about to honour its undertakings in this regard. I am advised that there is now a proposal that the G-7-Approved Refunding Programme should be run out of London. Very conveniently, there is a provision in British tax law whereby funds that are resident within the British jurisdiction for 24 hours, are taxable.
My Government finds it most attractive that windfall tax accruals should arise from such ongoing, transparent on-the-books trading activity. Of course, since the Refunding Programme will remain an American private sector operation, your Treasury will likewise receive immense ongoing accruals from tax. So, by running the transparent private sector Refunding Programme from London, we will be able to help you, after all. Don’t you think the daffodils in my garden are gorgeous this year?
PO (looking out of the Palace window at the magnificent display of British daffodils): Yes, Your Majesty, they are gorgeous. Don’t you think so, Michelle?
POSTSCRIPT; WHITE HOUSE SCURRIES TO MEND THE RIFT
In a quite extraordinary demarche, The Sunday Telegraph reported on 15th March that ‘a White House official last week passed details to The Sunday Telegraph of Mr Obama’s desire to avoid a repeat of such errors as the inept handling of Gordon Brown’s recent visit to Washington’, in which the White House – furious at the withdrawal of the $14.0 trillion cash, and at the exposure of the $52 billion of ‘stolen’ guarantees – went out of its way to ensure that nobody from the Executive Branch attended Congress to hear the British prime Minister praise the collective of financial scamsters to the skies, while curtailing the press conference with Mr Brown to the point of extreme rudeness.
‘The concession came as allies of President Obama have begun breaking cover to question his performance and leadership on the economic meltdown and diplomacy’.
In other words, certain people on the ‘inside’ are ALREADY wondering whether the ship that they embarked upon was already starting to sink even before it set sail.
The British newspaper continued:
‘Mr Obama has now told his staff to learn from the errors made during Mr Brown’s visit and to ensure that protocol is observed when he meets The Queen later this month’.
‘A source close to Mr Obama’s top team telephoned this newspaper last week’ (and got through, unlike what happens when Sir Gus O’Donnell calls the US Treasury) to say that top White House officials now regard it as a ‘mistake’ to have returned the bust of Sir Winston Churchill that the (British) Government lent George W. Bush… and then to have sent the Prime Minister home with a gift of 25 DVDs after his visit to Washington’.
For ‘mistake’, read ‘calculated insult’.
‘Clearly it was a mistake, and they want people to know that they know that’, the source said. No apology, of course. ‘There is a collective desire to learn from the experience. They didn’t have their eye on the ball… they all know they’ve got to do better’.
NO THEY DON’T! They are NOT aborting the TALF system, which is designed to revalidate worthless false ‘assets. They are NOT aborting Fraudulent Finance; they have NOT abandoned the Fraudulent Finance Ponzi model, despite elements of law enforcement arresting exposed Ponzi practitioners like Madoff and Stanford. President Obama has NOT ordered the ‘State within the State’ to GET OUT OF DRUG-TRAFFICKING. Does he regard drug-trafficking as acceptable?
The ‘mistakes’ that the White House was desperately trying to alleviate were the insults meted out to the British because the new Administration was piqued that it was being held to Obama’s signed undertakings, because the $14.0 trillion cash was withdrawn altogether from access, because the stealing of $52 billion of The Queen’s guarantees had been exposed, and doubtless also because the earlier (2007) theft of The Queen’s gold, probably in order to finance the United States’ colossal overdue debts to the Chinese, had been aborted (after we publicised it).
‘The source said: ‘The point was made about the protocol, people need to be absolutely sure they are on top of everything to do with meeting The Queen and make sure that everyone knows what is expected. The Queen won’t be getting any DVDs’.
By the way, if any sceptics remain out there, the Editor holds in his hand a sworn document dated 9th March 2009, containing the information referenced earlier that the Editor declined to publish, which also contained the information about the $52 billion of The Queen’s guarantees, which we DID publish. It follows of course that, this confirmation in turn confirms that the $6.2 trillion LOAN information that we have referenced repeatedly, is accurate (not that it has ever been disputed by anyone at all). This is what the sworn document dated 9th March 2009 stated verbatim:
‘I, Michael C. Cottrell, B.A., M.S., do hereby swear and affirm the following:
• That on Friday, March 6, 2009, between approximately 8:19pm EST and 8.20pm EST, I received a telephone call [requesting me to inform Mr Story that]
… a clarification was “necessary” regarding “the $50 billion of The Queen’s money allegedly stolen prior to repatriation” [in the report dated Thursday 5 March 2009 02:00]
… [This] should be changed to “$52 billion of guarantees by The Queen”’ [no cash stolen].
As will be clearly understood by anyone taking care not to sit on his or her brains, this of course basically CONFIRMS EVERYTHING. We choose not to identify the name of the official party who telephoned Mr Cottrell with this request; but this is what the document states. In black and white.
LIST OF U.S. STATUTES, SECURITIES REGULATIONS AND LEGAL PRINCIPLES OF WHICH THE CRIMINALISTS, ASSOCIATES AND ALL THE MAIN FINANCIAL INSTITUTIONS REMAIN IN BREACH:
LEGAL TUTORIAL: The Steps of Common Fraud:
Step 1: Fraud in the Inducement: “… is intended to and which does cause one to execute an instrument, or make an agreement… The misrepresentation involved does not mislead one as the paper he signs but rather misleads as to the true facts of a situation, and the false impression it causes is a basis of a decision to sign or render a judgment”. Source: Steven H. Gifis, ‘Law Dictionary’, 5th Edition, Happauge: Barron’s Educational Series, Inc., 2003, s.v.: ‘Fraud’.
Step 2: Fraud in Fact by Deceit (Obfuscation and Denial) and Theft:
• “ACTUAL FRAUD. Deceit. Concealing something or making a false representation with an evil intent [scanter] when it causes injury to another…”. Source: Steven H. Gifis, ‘Law Dictionary’, 5th Edition, Happauge: Barron’s Educational Series, Inc., 2003, s.v.: ‘Fraud’.
• “THE TORT OF FRAUDULENT DECEIT… The elements of actionable deceit are: A false representation of a material fact made with knowledge of its falsity, or recklessly, or without reasonable grounds for believing its truth, and with intent to induce reliance thereon, on which plaintiff justifiably relies on his injury…”. Source: Steven H. Gifis, ‘Law Dictionary’, 5th Edition, Happauge: Barron’s Educational Series, Inc., 2003, s.v.: ‘Deceit’.
Step 3: Theft by Deception and Fraudulent Conveyance:
THEFT BY DECEPTION:
• “FRAUDULENT CONCEALMENT… The hiding or suppression of a material fact or circumstance which the party is legally or morally bound to disclose…”.
• “The test of whether failure to disclose material facts constitutes fraud is the existence of a duty, legal or equitable, arising from the relation of the parties: failure to disclose a material fact with intent to mislead or defraud under such circumstances being equivalent to an actual ‘fraudulent concealment’…”.
• To suspend running of limitations, it means the employment of artifice, planned to prevent inquiry or escape investigation and mislead or hinder acquirement of information disclosing a right of action, and acts relied on must be of an affirmative character and fraudulent…”.
Source: Black, Henry Campbell, M.A., 'Black’s Law Dictionary’, Revised 4th Edition, St Paul: West Publishing Company, 1968, s.v. ‘Fraudulent Concealment’.
FRAUDULENT CONVEYANCE:
• “FRAUDULENT CONVEYANCE… A conveyance or transfer of property, the object of which is to defraud a creditor, or hinder or delay him, or to put such property beyond his reach…”.
• “Conveyance made with intent to avoid some duty or debt due by or incumbent or person (entity) making transfer…”.
Source: Black, Henry Campbell, M.A., ‘Black’s Law Dictionary', Revised 4th Edition, St Paul: West Publishing Company, 1968, s.v. ‘Fraudulent Conveyance’.
U.S. SECURITIES REGULATIONS OF WHICH INSTITUTIONS
HAVE BEEN SHOWN TO BE IN BREACH [SEE REPORTS]:
• NASD Rule 3120, et al.
• NASD Rule 2330, et al
• NASD Conduct Rules 2110 and 3040
• NASD Conduct Rules 2110 and IM-2110-1
• NASD Conduct Rules 2110 and SEC Rule 15c3-1
• NASD Conduct Rules 2110 and 3110
• SEC Rules 17a-3 and 17a-4
• NASD Conduct Rules 2110 and Procedural Rule 8210
• NASD Conduct Rules 2110 and 2330 and IM-2330
• NASD Conduct Rules 2110 and IM-2110-5
• NASD Systems and Programme Rules 6950 through 6957
• 97-13 Bank Secrecy Act, Recordkeeping Rule for funds transfers and transmittals of funds, et al.
U.S. LAWS ROUTINELY BREACHED BY THE CRIMINAL OPERATIVES AND INSTITUTIONS:
• Annunzio-Wylie Anti-Money Laundering Act
• Anti-Drug Abuse Act
• Applicable international money laundering restrictions
• Bank Secrecy Act
• Conspiracy to commit and cover up murder.
• Crimes, General Provisions, Accessory After the Fact [Title 18, USC]
• Currency and Foreign Transactions Reporting Act
• Economic Espionage Act
• Hobbs Act
• Imparting or Conveying False Information [Title 18, USC]
• Maloney Act
• Misprision of Felony [Title 18, USC] (1)
• Money-Laundering Control Act
• Money-Laundering Suppression Act
• Organized Crime Control Act of 1970
• Perpetration of repeated egregious felonies by State and Federal public employees and their Departments and agencies, which are co-responsible with the said employees for ONGOING illegal and criminal actions, to sustain fraudulent operations and crimes in order to cover up criminalist activities and High Crimes and Misdemeanours by present and former holders of high office under the United States
• Provisions pertaining to private business transactions being protected under both private and criminal penalties [H.R. 3723]
• Provisions prohibiting the bribing of foreign officials [F.I.S.A.]
• Racketeer Influenced and Corrupt Organizations Act [R.I.C.O.]
• Securities Act 1933
• Securities Act 1934
• Terrorism Prevention Act
• Treason legislation, especially in time of war.
• Please be advised that the Editor of International Currency Review and associated intelligence services cannot enter into email correspondence related to this or to any of the earlier reports.
We are a private intelligence publishing house and have no connections to any outside parties including intelligence agencies. The word ‘intelligence’ on this website and in all our marketing material is used for marketing/sales purposes only and has no other connotations whatsoever: see ‘About Us’ on the red panels under the Notes on the Editor, Christopher Story FRSA, who has been solely and exclusively engaged as an investigative journalist, Editor, Author and private financial and current affairs Publisher since 1963 and is not and never has been an agent for a foreign power, suggestions to the contrary being actionable for libel in the English Court.
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