Christopher STORY his work & more

This page is a tribute to his work & will increasingly carry the full archive, as he authorised me to do before his death, LINKS may not function but will be updated where possible..

Archive for April, 2010


Posted by Greg Lance - Watkins (Greg_L-W) on 27/04/2010






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


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

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

‘Seeing what’s at the end of one’s nose requires constant effort’. George Orwell.
• Please be advised that the Editor of International Currency Review and associated intelligence services cannot enter into email correspondence related to this or to any of the earlier reports.
• BOOKS: Edward Harle Limited has so far published FIVE intelligence titles: The Perestroika Deception, by Anatoliy Golitsyn; Red Cocaine, by Dr Joseph D. Douglass, Jr.; The European Union Collective, by Christopher Story; The New Underworld Order, by Christopher Story; and The Red Terror in Russia, by Sergei Melgounov. All titles are permanently in stock. We sell books DIRECT.
• ADVERTISEMENT: Details of the INTERNET SECURITY SOLUTION software offered by this service in conjunction with a donation can be accessed immediately: See the Home Page World Reports Limited serials catalogue by clicking World Reports Limited and scrolling to foot of page. Scroll to the foot of THIS page to read our extended Ad. for the INTERNET SECURITY SOLUTION.
• By Christopher Story FRSA, Editor and Publisher, International Currency Review, World Reports Limited, London and New York. For earlier reports, press the ARCHIVE. Order your intelligence subscriptions and ‘politically incorrect’ [i.e., correct] intelligence books online from this website.
• CMKM/CMKX CASE DOCUMENTS: Press Archive for this report [29th January 2010] Case Number CV10-00031 JVS (MLGx): SERVICE OF CMKM.CMKX $3.87 TRILLION SUIT VS. S.E.C. You can also access the CMKM/CMKX text at: The biggest lawsuit in world legal history: The phantom share giga-scandal.
NEW REPORT STARTS HERE: WORLD ENGULFED IN TOTAL ECONOMIC AND FINANCIAL WARFARE A state of TOTAL, MULTI-LAYERED, ECONOMIC AND FINANCIAL WARFARE has now developed, characterised by what Lenin and Gorbachëv refer to as ‘contradictions’ – so that what is about to be summarised in outline may well appear to represent irreconcilable developments and conflicts. Being multi-layered, it has become harder than ever to see clearly through the fog of deception, diversion, disinformation and play-acting.

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

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

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

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

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

We therefore presumed that this new talk of 60% rather than 40% represented bargaining in the background over the tax level payable. However the more sinister interpretation must be that the President of the United States is demanding 60% of the total Settlements for unspecified purposes (i.e. further illicit self-enrichment and Fraudulent Finance and trading operations).
• It has now been CONFIRMED to us (as of 11:10 hrs UK time on 25th April) that the following US criminalist parties have DEMANDED to be paid $1.3 trillion from the Settlement Funds:

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

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

WAVE OF ARRESTS AGAIN REPORTED IN THE UNITED STATES Meanwhile, has been renewed outbreak of arrests of bankers arising from their refusal to carry out payment instructions. Specifically the following arrests were reported to us after finalisation of the preceding analysis in this series:
• Over the ten days to Sunday 25th April approximately THIRTY people were arrested in the United States (no further details). It is understood that there was ‘heavy activity’ over the weekend.
• On Monday 19th April, a number of bank officials at Bank of America, Charlotte, the main base of the CIA’s primary institution were said to have been arrested.
• On Tuesday 20th April a number of arrests of officials at the Federal Reserve Bank of Dallas were reported to have been arrested.
• On Wednesday 21st April, four officials at the Federal Reserve Bank of Richmond were reported to have been arrested. This, of course, is highly significant, in view of the Federal Reserve Bank of Richmond’s Motion to Dismiss on 19th October 2007, in the United States Court for the Eastern District of Virginia, Alexandria, a hearing attended by your correspondent.
• During the IMF Spring Meetings weekend, the entire area around Crystal City was deprived of cell phone and Internet connections for about an hour, during a period when Obama was in North Carolina. The Editor normally stays in the Crystal City area when visiting Washington, DC.
• HOWEVER, we understand that very determined efforts, evident from the roster of arrests, are being made to procure completion of certain Settlements payouts this week. No such ‘indications’ can ever be relied upon, though, as the fog of deception serves the purposes of obfuscation.

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

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

However with the benefit of ‘further and better particulars’, we are now advised that what actually happened was as follows:
• The meeting ‘resolved’ the outstanding issues as stated above.
• The meeting agreed to or indicated that it would send over the funds.
• Common sense evidently prevailed at the last moment, when it was finally understood, at long last, that THE U.S. AUTHORITIES CANNOT EVER BE TRUSTED, so the funds were NOT SENT OVER. In this context, it is possible (although we don’t know) that the $6.2 trillion may now be lodged outside the United States (hence Citibank’s rapid downsizing).

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

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

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

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

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

Our knowledge of this unbelievable abomination arose purely because on 29th-30th March 2007, an unannounced banking ‘blackout’ occurred in the United Kingdom.
• When such abrupt banking ‘blackouts’ occur, someone is usually up to no good.

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

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

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

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

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

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

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

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

LEGISLATING FOR THE U.S. WEIMAR REPUBLIC So, on the one hand, the immense pressure being exerted against financial institutions, with no leniency being extended towards complicit Federal Reserve Banks either, continues; while on the other hand – as explained below – legislative measures are being assembled to procure a state of affairs which would get the banks off the hook while at the same time enabling the organised criminal operatives inside the structures:
• To perpetuate the racketeering financial carousel on such a scale as to guarantee that the United States WILL experience a Wiemar-style hyperinflation and currency collapse.
• To perform the US Dollar Refunding operation in a corrupt and wholly counterproductive manner from within the US Treasury, in precise opposition to the necessity for the Refunding to take place SOUNDLY in the private (NOT the Government) sector, so that the resulting accruals are taxed and placed onto the US Treasury’s books – thereby counteracting and diminishing the irresponsibly incurred, wholly unnecessary official debt that has been accumulated since Obama came to power (doubling in two years the aggregate of debt reported by the Office of Management and Budget).
• INSTEAD OF WHICH, in order to RETAIN TOTAL CONTROL and to protect themselves from the consequences of their past serial illegal financial manipulations involving securitisation, which is illegal, and all the other unfettered breaches of the Rule of Law over which they have presided, they are content for ‘background’ debt to be accumulated on a Weimar scale with no thought for tomorrow. So long as they’re off the hook (as they foolishly imagine), that’s all that matters.
• Except that the course they intend will destroy ALL VALUE, will degrade the US dollar, will plunge the world economy into the Grandfather of all depressions, will precipitate uncontrolled physical strife and warfare, will result in the breakup of all multinational institutions, will despatch numerous already bankrupt institutions to the wall, will destroy personal and corporate savings, will decimate whole swathes of the industial and agricultural economy everywhere, and will condemn the world to the possibility that modern civilisation will actually collapse as power supplies will be disrupted and electronic communications and payments systems will cease to function. That’s just a brief summary of HOW EVIL THESE FINANCIAL TERRORISTS ARE, how STUPID AND ARROGANT THEY ARE, and why, for as long as they remain in control, THE WORLD WILL CONTINUE TO DESCEND INTO THIS MAELSTROM OF ALL-OUT ECONOMIC AND FINANCIAL DECADENCE.
• And this is ALL a DIRECT consequence of the takeover of the Central Intelligence Agency by the pan-German cadre, de facto heirs of the Nazi Abwehr (military intelligence), aided and abetted by their Zionazi allies, and their visceral hatred of the ‘Main Enemy’.

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

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

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

OBAMA’S DECEITFUL SPEECH AT THE COOPER UNION, NEW YORK Speaking at the Cooper Union, New York City on 22nd April, Mr Barack Obama continued with his sudden campaign to ‘control derivatives’ – buttressed by a separate sound-bite observation, for public consumption, that he would veto any financial reform Bill sent to him for signature that does not ‘control derivatives’. In that case, manifestly, the President must veto the convoluted (draft) Bill emerging thanks to Stalin’s grandson, Senator Christopher Dodd, from the Senate Committee on Banking, Housing, and Urban Affairs, labelled as a (draft) Bill: ‘To promote the financial stability of the United States by improving the accountability and transparency of the financial system, to end ‘too big to fail’, to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes’.
• This Bill now has a number: 3217, and the title: Restoring America Financial Stability Act.
• The title of this iniquitous draft legislation should read: Destroying America Financial Dictatorship and Instability Act 2010.

GROSS WHITE HOUSE MISREPRESENTATION OF WHAT THE DODD BILL WILL DELIVER This draft Bill, as published, runs to 1,336 pages; but according to the respected former Federal Government economist, Lawrence Lindsey, speaking on CNBC between 8:01 hrs and 8:05 hours on 22nd April, the actual length of the Bill is 1407 pages – implying that there are 71 pages containing stuff of such sensitivity that US and foreign observers wont be allowed to read what they contain. Mr Lindsey made three points, after perusing the text of this iniquitous (see below) Senate Bill:
• The Treasury and the Federal Deposit Insurance Corporation (FDIC) will gain the power to extend UNLIMITED LOAN GUARANTEES to financial institutions.
• The Federal Reserve will gain the codified power to take collateral from the banks and to lend against it (perpetually institutionalising the previously ‘short-term’ TALF arrangements).
• A ‘rainy day’ fund with loan guarantees will constitute a separate Government-administered fund, with a demanded base of $50 billion. This is identical to the ‘rainy day’ fund that the Grand Jury-indicted Greenspan exploited on an open-ended basis on behalf of the CIA/DVD Bush Crime nexus for Fraudulent Finance purposes.

‘COUP D’ETAT BY INSTALLMENTS’ BY STALIN’S GRANDSON Mr Lindsey didn’t have time during that slot to say more, but he gave the necessary ‘heads-up’ to ensure that those not asleep on their brains would make haste to research the CONtent and the intent of this iniquitous Bill introduced by Stalin’s grandson. In two nutshells, the Dodd Bill:
• Codifies ‘Too Big To Fail’ ensuring that BANKS CAN NEVER GO BANCKRUPT, so that the corrosive Fraudulent Finance carousel racketeering activity can be continued sine die.
• Facilitates the ‘full transparency’ of the banks’ balance sheets by enabling their worthless off-balance sheet accruals to be ‘expunged from the record’ (shoved into an unaccountable black hole) with securitisation assets simply recreated so that the carousel can continue, also sine die. Essentially, the accrued off-balance sheet Fraudulent Finance disappear into a vacuum. But:
• The ‘other side of the Government’s balance sheet accrues debt on a scale with no historical precedent, guaranteeing that Weimar will be recalled as a pleasurable experience.
• As explained above, this is all being arranged amid a barrage of crass double-speak in order to sidestep the Basel List, the Basel-II requirements, the private sector Refunding Programme using the sovereign loan money provided by the British Monarchical Power, and to entice the Chinese, who appear to have lost their nerve, to continue the carousel. (Until the United States and China collapse in tandem, of course).

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

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

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

‘It is essential that we learn the lessons from this crisis so that we don’t doom ourselves to repeat it’.
• FACT: The draft Dodd Bill won’t just have the effect of REPEATING the crisis, it will GUARANTEE A CRISIS 100 TIMES WORSE – AND BY DESIGN.

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

But first, Mr Obama’ speech at the Cooper Union (part of a broader campaign by the White House to ensure support for this bad Bill – which is designed to enable the kleptocracy to enjoy unlimited, perpetuated and unquestioned freedom and power to engage in open-ended Fraudulent Finance Racketeering operations, while, in the tradition of DUPLICITOUS DOUBLE-MINDEDNESS, claiming to ensure financial sector and economic stability and no danger of repetition of the 2007-2009 crisis) – embraced several numbered points which we can refute right away:
• First, ‘we need a system [provided via the Dodd Bill] to shut these firms down’. FACT: As will be shown below, the Senate draft will hand the Office of Financial Research UNLIMITED POWERS to close down any bank or other financial (and commercial) entity AT HOME AND ABROAD handling US dollars that they consider to be a ‘threat’ ostensibly to the security of the United States, but in reality to the intended closed Fraudulent Finance carousel institutionalising criminal operations by the organized control kleptocracy. THEY WANT TO ELIMINATE THE COMPETITION.

THE SINISTER OFFICE OF FINANCIAL RESEARCH INSIDE THE U.S. TREASURY: LOCUS OF THE INTENDED WORLD FINANCIAL DICTATORSHIP Specifically, the authority to be given to the sinister-sounding intelligence agency to be called the Office of Financial Research, the powers of which will be comprehensive, absolute and arbitrary, will include powers to close down OFFSHORE ENTITIES. Thus ANY financial or business entity that is dealing in or handling US dollars anywhere in the world will be vulnerable to being shut down by the internal US Treasury Committee that will be making all the decisions, behind closed doors, as to which entities should be allowed to exist, and which entities should be closed down – on no basis other that a subjective determination that the entity may be a potential threat to the security of the United States (that is to say, to the closed Fraudulent Finance racketeering, trading and platform operations protected and codified in perpetuity by this iniquitous control legislation).
• A SPECIFIC EXAMPLE would be a Dollar Refunding entity operated from London: see below.
• On the face of it, this drastic, insane (as Sarkozy indicated), apparent own-goal arrangement could ensure that foreigners cease conducting transactions in US dollars altogether – thereby destroying the United States’ hegemony over energy products (denominated in US dollars), and forcing China, Russia, Britain, Japan and European countries to operate using other currencies.

But in practice, given the presence around the world of US corporations trading in US dollars, this provision codifies the power of the US dollar, while at the same time prospectively destroying the Euro, the pound and any other currencies, including the Chinese reminbi, and related structures, standing in its way. In the process, the US dollar system will become a catastrophically decadent, inflation-generating global system under the ‘corporate’ control of the rats – the continuing and successor rats within the Bush-Clinton-Cheney-DVD Box Gang and associated Fascist criminalist components of the Nazi-minded enemies of humanity.
• Secondly ‘the Bill would also enact what’s known as the Volcker Rule’… [which] ‘places some limits on the size of banks and the kinds of risks that banking institutions can take. FACT: The Volcker Rule becomes completely inconsequential in the light of Dodd.
• Thirdly ‘reform would bring a new transparency to many financial markets’. Obama said that ‘many practices were so opaque, so confusing, so complex, that people inside the [trading] firms didn’t understand them, much less those who were charged with overseeing them’ [curious, then, how the SEC joined in the Fraudulent Finance bonanza itself under Mr George W. Bush’s criminal Administration: see CMKX Complaint, 9th January 2010, et seq.: Archive].

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

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

And since, as we have amply shown, the US Treasury is a notoriously duplicitous and corrupt institution, engaged ‘as we speak’ in disreputable Fraudulent finance operations, can BRIBERY of officials within the Office of Financial Research be far away? Of course not.
• In the fourth place ‘this plan (Dodd) would enact the strongest consumer financial protections ever’. FACT: Once the ominous-sounding Office of Financial Research has been established and is operative inside the us Treasury, the Consumer Protection Agency (CPA) will have nothing to do. Because it will be up against an arbitrary power centre subject to no checks and balances which will make up the rules as it goes along, thereby ensuring that whatever the CPA imagines that it is supposed to be doing, could be upset and overruled at any moment. And of course the draft Dodd Senate legislation provides that none of the more drastic provisions can be repealed.
• In the fifth place ‘These Wall Street reforms will give shareholders new power in the financial system. They will get what we call a say on pay, a voice with respect to the salaries and bonuses awarded to top executives. And the SEC will have the authority to give shareholders more say in corporate elections, so that investors and pension holders have a stronger rôle in determining who manages the company in which they’ve placed their savings. FACTS: As demonstrated below, not only does the Senate draft Bill override the Securities and Exchange Act, but also NO MENTION whatsoever of what Obama talked about here is found in the published pages of the Bill.

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

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

The Dodd (Senate) Bill, which analysts are already saying they ‘don’t understand’ and which is already the subject of confusion-mongering and obfuscation by ‘spinmeisters’:
• Will supercede the Securities Acts 1933 and 1934.
• Will, as reported above, establish an unaccountable intelligence and oppression mechanism within the US Treasury with unfettered dictatorial and arbitrary powers that can be applied without checks and balances at home and abroad, ominously called the Office of Financial Research.
• Will place the US Treasury in a position where it can do anything it likes with no checks and balances, with total impunity, so that corrupt finance will be ‘legitimised’ by the co-conspiring US Congress, institutionalising racketeering by the organised criminal cadres operating from within the US structures that have been systematically exposed since 2005-06.

POWERS OF THE OFFICE OF FINANCIAL RESEARCH The Office of Financial Research will be empowered to:
• Declare any non-bank financial institution or entity ANYWHERE to be a threat to US security.
• Having made such an arbitrary determination without checks and balances, take steps to destroy the entity in question, DECLARING its existence and operations to be null and void.
• Decide, without accountability or regard to the Rule of Law, let alone to so-called ‘alliances’ and the despised ‘Special Relationship’, who and what is ‘an enemy of the United States’.
• Accordingly, arbitrarily target any non-bank financial entity, or ANY entity HANDLING AND TRADING IN U.S. DOLLARS, i.e. ANY FOREIGN CORPORATION, FOR ‘TAKEDOWN’ WITHOUT PRIOR NOTICE OR EXPLANATION. Any entity using US dollars would be vulnerable to such unilateral arbitrary action.
• Put another way and by extension, ‘take down’ any non-United States-based institution, broker-dealer or other entity to which the Office of Financial Research takes objection – which is to say, ANY entity, at home or abroad, that is arbitrarily considered by the Office of Financial Research, with the full authority of the US Secretary of the Treasury, to represent A THREAT TO THEIR ONGOING PERMISSIVE FRAUDULENT FINANCE RACKETEERING OPERATIONS.

THE REAL PURPOSE: TO PREVENT THE DOLLAR REFUNDING FROM LONDON FACT: As you are aware, the planned fully transparent, taxable, visible on-balance sheet, US Dollar refunding operation is the undisputed solution to the United States’ self-imposed crisis (which it has inflicted for self-interested and revolutionary reasons on the Rest of the World). This Group of Seven-approved mechanism, using sovereign loan funds for the purpose, delivers windfall taxes into the hands and onto the books of the US Treasury in full view, forcing the US Treasury to credit them (so that they cannot be diverted, which is what the corrupt US Treasury objects to) against the permissive, pointless, avoidable, unnecessary and corrosive ‘background’ official Federal debt incurred by this reckless Administration and its predecessors.
• HOWEVER, the hidden intent buried within the draft Dodd Senate Bill is in reality to declare this US Dollar Refunding operation A THREAT TO THE SECURITY OF THE UNITED STATES AND TO HAVE IT CLOSED DOWN. In other words, these criminals intend to procure that the single, agreed-upon and sound, reliable solution to the entire crisis is A THREAT TO THE SECURITY OF THE UNITED STATES, i.e., THE SOUND SOLUTION THREATENS THEIR RACKETEERING OPS.

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

Moreover the US Treasury Secretary will be empowered to:
• Invest in any asset, activity, operation or programme without visibility, accountability or checks and balances that they like (so much for ‘accountability’).
• Issue arbitrary and CLANDESTINE instructions, as we have seen, to the Treasury’s Office of Financial Research to target and ‘take down’ any entity, whether within the US jurisdiction or offshore, that he considers to be a ‘threat’, i.e. to be getting in the way of them, US Treasury’s unfettered, permissive, hidden trading program and clandestine (CIA) racketeering operations.

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

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

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

But now, with the Republican Party – increasingly seen abroad as a hotbed of dirty dealing and criminality – desperate to continue Fraudulent Finance racketeering as though there had never been any discontinuity – the Dodd Bill, or what emerges from the Senate, is more than likely to be enacted, ‘enabling’ Obama to sign it into law.
• UPDATE, 28th April 2010: A trusted New York US financial expert observer known personally to the Editor of this service provides the following elaboration to the first paragraph under the heading given immediately above. We reproduce his very illuminating observations verbatim:

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

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

‘In my humble opinion, this Tooth Fairy-promised return can only be possible if one is the owner of a commercial bank utilizing the fractional reserve system, wherein near-zero interest paid for USA Treasury funds is multiplied by a factor of 9x times, then the resultant amount is self-traded at 100x leverage within the foreign exchange spot and forward markets. Add in the advantage of criminal pre-notification of US Treasury and currency decisions as they will affect the dollar exchange rates, telling one where to place their long and short 100-to1 leveraged trading bets, and there you have your ‘guaranteed’ near-infinity return on investment, whereby a ‘nearly free’ borrowed US$1.0 times 9, times 100, yields a US$900 now-leveraged bet that, in turn, earns many multiples of itself. Absent the foregoing, it’s an outright fraud, a planned Ponzi scheme’.
• Editor’s further comment: Under the so-called ‘Restoring America Financial Stability Act’, which means the opposite of what it professes, THE U.S. TREASURY CAN DO ANYTHING, and will MOST CERTAINLY engage in the origination of such contracts, which will degrade the dollar to zero and will GUARANTEE an outcome FAR WORSE THAN WEIMAR, ENGULFING THE WHOLE WORLD.

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

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

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

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

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

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

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

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

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

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

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

‘A wave of Nazi purges followed, as one institution after another was subjugated. Arbitrary rule replaced government by law in what has aptly been termed a “coup d’état by installments” (2). By summer, all parties except the Nazis had been dissolved…’.

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

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

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

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

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

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

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

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

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

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

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

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

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

The Kuala Lumpur War Crimes Commission stated later that this is only the beginning of a global campaign to ostracise war criminals like Blair and Bush and urge people the world over to adopt similar campaigns against Bush and Blair. ENDS.
• FACTS: Blair and his wife Cherie have ‘certain interests’ in Kuala Lumpur. Back home, Blair has acquired a Jacobean mansion at Weston Underwood, within the Bernwode area adjacent to where the Editor is writing this report in Buckinghamshire. According to recent press reports, he has a staff of more than 130 lackeys, and needs a very large staff to maintain the formal gardens and the mansion (which used to belong to Sir John Gielgud, the actor), in the pristine state to which it is historically accustomed.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

THE WANTA MONEY-STEALING ROUTE RESURRECTED On 21st April, ‘Princess Paula’, purporting to be sovereign of the fake ‘Principality of Snake Hill’ outside Sydney, was interviewed on BBC-5 Live. This new aberration sent a loud signal to ‘the interested’ that the original criminal intention of diverting funds via the virtual ‘Central Bank of Snake Hill’, which doesn’t exist but which has a Washington, DC, telephone number that ‘just happens’ to be that of the French Embassy in the US capital, was still ‘live’ – even though we have long since debunked the ‘Principality of Snake Hill’ deception as a criminalist operation focused around the renegade felon and deceiver, Lee/Leo Wanta, the courier between George Bush Sr. and President Gorbachëv, and who grew up in Wisconsin with (guess who?) Richard B. Cheney.
• FACT: The use of a French Embassy-provided DC phone number for this Wanta scam is highly revealing. President Sarkozy’s half-brother, Olivier (‘Oliver’), is a senior figure within George Bush Sr.’s money laundry, Carlyle Group. So the French Embassy appears to be a co-conspirator in this fallback contingency plan to seize and divert funds on disbursement for the illicit benefit of the Carlyle operation. As previously stressed, France covers for Germany under the 1963 bilateral.

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

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

Specifically, we reported as follows:

On Wednesday 23rd September 2009, our Irish friend and associate, Mr Richard Sharpe, obtained independent confirmation from Ms. Brenda Farrell, of the Australian Embassy in Dublin, that ‘The Principality of Snake Hill’ does not exist, thereby reconfirming that the entire ‘Snake Hill’ operation is FRAUDULENT. This is obvious from all the evidence: but we gained OFFICIAL CONFRIMATION.
• This definitively destroys the bona fides and reputations of the poseurs and serial deception operatives that we have exposed, and should terminate the destructive activities of these people once and for all. They are FINISHED. They have been CAUGHT OUT. Before the whole world.

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

Forwarded message From: <> Date: Wed, Sep 23, 2009 at 12:25 PM Subject: Fwd: Principality of Snake Hill [SEC=UNCLASSIFIED] To: mrrichardsharpe <> wrote: Many thanks for your timely response.

Regards Richard

“Austremb Dublin” <> wrote:

Dear Mr Sharpe,

Thank you for your email.

There is no principality in Australia.

Kind regards

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The documents were/are as follows:


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

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

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

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

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

[Signed]: Lee E. Wanta.

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

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


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

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

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

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

[Signed]: Christopher Story, maker [SEAL]

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

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


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

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

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

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

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

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

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

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

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

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

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

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

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

WANTA NOW IDENTIFED AS ‘GREAT DARK LORDS’ TERRORIST As we have had to report herefrom time to time, we have been plagued since February 2008 with extremely unpleasant, often obscene, hateful voicemail messages from a loony-toon calling himself a representative of the ‘Great Dark Lords’. This nutter spiels well-worn demonic claptrap, exposed in part in the Editor’s book The New Underworld Order, mingled with overt homosexual allusions and obscene New Age rants augmented by propaganda to the general effect that the ‘Dark Forces’ are taking over the world, there is nothing you can do about it and ‘you should drop your stupid Christianity’. In other words, the message is the Leninist revolutionary one that the Dark Forces’ success is ‘inevitable’ (the reverse of which is of course the case, as everything they do fails).

In recent months this harassment became so excessive that we took the decision to close down our landlines in the United States, and partially in London as well. We discovered that the calls were being made via our 1-800 number which has effectively been stolen, so WE are being illegally charged to put up with these open-ended obscenities and abuse.

Originally we thought that a corrupt US Psy-Ops cadre was seeking to harass and destabilise the Editor of these services (mindlessly proving, of course, our effectiveness). However since the false voice has never changed, having been consistent throughout for more than two years, it has become apparent that just ONE individual is responsible for this criminal activity.

We have concluded that this individual is the discredited felon Wanta for the following reasons:
• We have recently learned that he has a voice alteration unit which scrambles and alters voice messages, a technique used by criminal intelligence operatives. We didn’t know this until very recently. Had we known this earlier, the present conclusions would have been reached earlier.
• As indicated, the voice is always the same fake altered voice, so there is only one ‘loony-toon’ doing this: Wanta, masquerading as a demonic, homosexual loony-toon.
• This harassment started when severance with Wanta was in process in the first quarter of 2008. It has continued ever since, without a break until we severed the landlines..
• The harassment was especially intense during the Editor’s weeks in New York in March. Wanta is in a position to ascertain the Editor’s movements.
• Wanta, stuck in Chippewa Falls, has time on his hands and has nothing to do other than to dream up fantasies such as the ‘Snake Hill’ deception – via decaying websites very appropriately using the image of the serpent as the motif for that deception operation.
• Wanta ‘works for’ George Bush Sr., facilitating his financial thefts and scams; and Bush Sr. and members of his family are steeped in the Bavarian occult, taking pleasure in rejoicing in evil.
• As exposed in our report dated 20th September 2009, Wanta’s religiosity, like his patriotism, is fake. Not only does he protest too much, but his absurd play-acting when he arrived an hour and a half late for a meeting with the Editor in 2005 and proffered as his excuse that he had been ‘doing his devotions’, i.e. praying to the Virgin Mary, which he tried to emphasise by showing the Editor a tattered piece of paper containing some religious text – confirmed that he is a religious fraud just as he is a fraud in all other respects as well, including his ‘wrapping himself in the flag’ cover.
• Analysis of the structure of phrases and sentences employed by the harassment terrorist in his obscene and demented voicemails reveals close parallels with Mr Wanta’s way of speaking. It is all ‘Black’ play-acting, of course.
• The harassment could only be sustained by a party who was unable to exert any control over the target (the Editor), who lacked the means to procure others to achieve that objective, and who was therefore consequently nervous and in a permanent state of uncontrolled anger, not knowing what to do next. So he had the ongoing motive to resort to, and to persist with, this dirty and extremely crude Psy-Ops activity, which he could easily undertake as he has access to the necessary voice modification equipment in Chippewa Falls, and all the time in the world at his disposal.
• In addition to the obscene and evil phone calls and voicemail messages, this terrorist resorts also to unpleasant, often likewise obscene, emails. No email address source is ever given, and the false provenance of these emails is varied with every such communication. This crass flexibility is characteristic of an intel-linked operation.
• On 6th March 2008, Wanta telephoned the Editor and, using his ‘FBI persona’, started reciting, in a bombastic tone of voice, various US Statutes to which the Editor, who is not a US citizen and not subject to US jurisdiction externally, must comply. The Editor told him to cease and desist and to stop making an idiot of himself, whereupon Wanta screamed:

• Accordingly, the Editor learned with satisfaction that our exposures had, indeed, completely detabilised operations with which Mr Wanta was associated. Wanta was the courier between Bush Sr. and Gorbachëv, who are partners in Deutsche AG (Barrington Investment Group), located at St Gallen, Switzerland, along with Dr Helmut Kohl (an equally nasty piece of work: see our exposure details on Kohl in the preceding report).

By ‘EVERYTHING’, Wanta meant that the entire Deutsche Verteidigungs Dienst (DVD) subversion and ‘take-down’ operation run through the Bush Crime Syndicate had now been destabilised as a consequence of these exposures. When embarking upon the course described above in 2005, the Editor experienced a powerful sense that the course he was about to follow would indeed lead to the progressive unravelling of the foreign-derived subversion-by-corruption offensive against the United States: and that is indeed what has happened.

THE FAILING ‘COUP D’ETAT BY INSTALLMENTS’ Wanta has been stuck up in the Wisconsin boonies for the convenience of the Bush Sr.-DVD Fifth Column that has tried to destabilise and destroy the American Republic – an offensive from within, and a clandestine ‘coup d’état by installments’ perpetrated on a scale with no historical precedent. He has remained at their beck and call, trying to ingratiate himself with the serpents in question, because they need his signature to enable them to divert and steal the funds over which Wanta’s signature may ostensibly relate.

When it came to stealing Michael C. Cottrell’s contract, the Bush-Ackermann-DVD cadres simply, as we have reported, forged Mr Cottrell’s signature electronically. As so many examples of Wanta’s signature exist, his continued survival cannot be related exclusively to the fact that ‘they need his signature’. However, as the DVD offensive against the United States and Britain is progressively neutralised, and further destabilised, which is what has been triggered, and is happening, Wanta’s usefulness as a supplicating snake serving the nest of vipers will have passed its sell-by date.

THE NSA/CIA/USAF HANDLER OF WANTA’S PROMOTER Finally, as these exposures have unfolded, this Editor has been viciously attacked from time to time by a notorious controlled US fabricator and peddler of lies on behalf of Wanta, styling himself as an ‘intelligence expert’, named Thomas Heneghan. We have reported separately that Heneghan was authorised, by Wanta, according to documents we hold, to open one or more bank accounts for Marvelous Investments, a vehicle reportedly used inter alia for the financing of Al-Qaeda.

The veteran criminal politics and finance observer Tim White (4) has informed this service that Thomas Heneghan’s disinformation handler is NSA/CIA/USAF Lieutenant General Otis C. Johnson. Concerning this proven criminalist operative (Johnson), The SEC News Digest dated 21st May 1986 reported [page 1] as follows:

Complaint Filed against Otis C. Johnson: The Los Angeles Regional Office [of the SEC] filed a complaint on May 6 in the US District Court for the District of Colorado against Otis C. Johnson seeking a permanent injunction and other equitable relief for violations of the antifraud provisions of the Securities Exchange Act of 1934. The complaint in question alleges that Johnson defrauded N.D. Resources, Inc. (NDR) and its public shareholders. Specifically, the complaint alleges that Johnson provided NDR with a false geological report concerning certain mining claims and, after NDR had entered into a joint venture with an accomplice of Johnson in order to develop the claims, conspired to provide positive drilling reports to NDR when, in fact, no drilling had been done. The complaint further alleges that Johnson sold approximately 240,353 shares of NDR common stock while the stock price was inflated as a result of press releases issued by NDR concerning the drilling reports. [SEC v. Otis C. Johnson, DCO, Civil Action NO 86-945 (LR-11105)].

The SEC News Digest dated 10TH July 1989 reported [page 1] as follows:

Otis C. Johnson enjoined: The Los Angeles Regional Office announced that on June 22 Judge Lewis T. Babcock, US District Court for the District of Colorado, signed an Order of Permanent Injunction and Other Equitable Relief against Otis C. Johnson. The Order enjoins Johnson from future violations of the antifraud provisions of the Securities Exchange Act of 1934. The Order directs Otis C. Johnson to disgorge his profits from sales of N.D. Resources, Inc. (NDR), which disgorgement is waived based upon the truth, accuracy and completeness of Johnson’s sworn representations concerning his present inability to pay disgorgement. Johnson consented to the Order without admitting or denying the allegations of wrongdoing in the Complaint.

The Complaint alleges that Johnson defrauded NDR and its public shareholders by, among other things, providing NDR with a false geological report concerning certain mining claims and further conspiring to provide positive drilling reports to the company when, in fact, no drilling had been done, and by selling approximately 240,353 shares of the company’s stock while the stock price was inflated as a result of press releases concerning the drilling reports. [SEC v. Otis C. Johnson, DCO, Civil Action No. 87-B-1693 (LR-12149)].

The SEC News Digest dated 24th August 1992 reported [page 4] as follows:

Otis Johnson III Pleads Guilty: The Commission and Michael J. Norton, US Attorney for the District of Colorado, announced that on July 20, 1992, Otis C. Johnson III (Johnson) of Denver, Colorado, pleaded guilty to two criminal informations. The first such information, filed May 20, 1992, charged violation of 18 U.S.C. § 371, conspiracy to commit mail fraud and securities fraud in the purchase and sale of the securities of Corporate Quest, Inc. (Corporate Quest). The second information, filed July 20, 1992, charged violation of 18 U.S.C. § 371, conspiracy to commit mail fraud, wire fraud, and interstate transportation of stolen property, in the purchase and sale of the securities of United Financial Operations (United Financial).

Johnson admitted in his plea agreement that in 1987 and 1988 [that] he participated in schemes to manipulate and conduct fraudulent transactions in the securities of United Financial and Corporate Quest. Johnson also admitted that he and co-conspirators conducted prearranged trades through controlled and nominee accounts and paid for the trades in Corporate Quest’s securities with worthless checks totaling approximately $313,000. As a result of the co-conspirators’ activities, four brokerage firms lost approximately $262,000.

Johnson is scheduled to be sentenced on September 21, 1992 at 9:00 a.m. [U.S. v. Otis C. Johnson III, Criminal Action No. 92-CR-181, U.S.D.C. Colo. (LR-13345)].
• NSA/CIA/USAF Lieutenant General Otis C. Johnson III did NOT do jail time.
• The penalty for wire fraud in the United States is TWENTY YEARS PER COUNT.

Notes and References:
(1): ‘Thirty Days: Hitler’s Thirty Days to Power: January 1933’, Henry Ashby Turner, Jr., Addison-Wesley Publishing Company, New York etc., 1996, ISBN 0-201-40714-0, page 164.

(2): ‘Coup d’état by installments’, precisely accurate characterization of pan-German power-grabbing methodology. Konrad Heiden, Der Fuehrer, Boston, MA, 1944, page 597.

(3): ‘Thieves’ World: The Threat of the New Global Network of Organized Crime’, Claire Sterling, Simon and Schuster, new York, ISBN 0-671-74997-8, 1994.

(4): Original SEC documents researched and supplied pro bono publico by Tim White.
• Note: The discredited controlled disinformation operative Heneghan has reponded to the foregoing exposure with further lies, publishing a deliberately distorted picture of this Editor and stating, sensibly, that he won’t be responding to what we have published. Very sensible of him.

Subsequent Add-Ons and Updates:

PENNSYLVANIA FRAUD THAT WE EXPOSED BLEW UP IN THEIR FACES We now understand that as a direct result of our exposure of the Pennsylvania Department of State’s connivance in the deliberate, fraudulent insertion of the Mafioso Salvatore R. DeFrancesco as ‘Secretary’ by the PA Department of State Corporation Bureau on 8th March 2010, and following forceful intervention by Michael C. Cottrell, B.A., M.S. with the complacent, arrogant Pennsylvania Department of State authorities resulting in the removal of the Mafioso’s name from Pennsylvania Investments Inc.’s corporate screen by 2.10pm on 10th March, [see ‘The Aborted Pennsylvania Fraud of 8 March 2010’, report of 19th March: Archive], that officially sponsored attempt to divert payout funds due to Mr Cottrell’s firm and to steal the $6.2 trillion loan money, collapsed.
• Instead, the reverberations of this criminal outrage presided over by the official kleptocracy spread all the way up the food chain, blowing up in the faces of Vice President Joseph Biden and his predecessor, Richard B. Cheney.

That operation represented a brazen attempt by the organised crime elements both outside and within the craven US Administration to divert the funds, just as the continued slitherings of the Wanta ‘snake’ betray an intent somehow to reactivate that discredited conduit. We now know that Wanta’s AmeriTrust Groupe, Inc. operation actually represented a scheme to procure the transfer of funds into the hands of the Bush Crime Syndicate, whom Mr Wanta serves, as explained in the aforementioned forensic report. Recently, one or more checks drawn on AmeriTrust Groupe, Inc., have surfaced, and a recipient of such a check recently was told to go straight to the police.

We further understand that our exposure in the current report of Wanta’s Fraud in the Inducement under duress of this Editor to steal his $35,000 loan money, facilitated by the complicit CIA lawyer Steven Goodwin, has also severely curtailed the potential for any ‘Wanta route’ to be activated. All holes that these serpents thought they could slither through, are blocked.
• However the Pennsylvania Department of State Corporation Bureau, having banked Mr Cottrell’s required $70 filing fee accompanied by the proper PA official form requiring the individual display of his corporate offices, so as to preclude any further demented attempt to steal funds by this route, continues its intransigent and complicit failure to make the necessary formal amendments to his corporation’s corporate screen with the PA Department of State Corporation Bureau.

Such intransigence simply tightens the noose round the necks of every snake involved in this attempted scam, from Vice President Biden and Edward G. Rendell, Governor of Pennsylvania, all the way down to the named officials within the PA structures who presided over and facilitated this intended giga-theft. Instead of putting the matter right, which would take five minutes, the arrogant apparatchiks concerned prefer to leave the needed correction unattended to, no doubt hoping we would ‘go away’. This is a reminder that we haven’t gone away and that this website is capable of shaking the ground beneath the soles of the feet of the Vice President of the United States and the Governor of Pennsylvania any time they like.

BRITISH ELECTION: EXIT GORDON BROWN VIA BIGOTGATE The expedition of the Prime Ministerial caravan to Rochdale on 27th April so that Gordon Brown could be televised for electoral purposes meeting some ‘real people’ (as opposed to the surreal people in Westminster and Downing Street) concluded predictably in disaster for the beleaguered Prime Minister, who may have forgotten that those people ‘oop nerth’ are blunt, speak their mind, and are not to be messed with. Once he’d climbed back into the assumed safety of his limo, Brown forgot the standard dirty trick, often used by intelligence services (especially in the United States), of ensuring that a lapel microphone stays live after a televised encounter.

Gordon Brown’s characterisation of the Rochdale lady as ‘a sort of bigoted woman’ resulted in the airwaves at home and abroad being jammed with the resulting tape, while relieving tired and jaded journalists of having to talk about the boring minutiae of British politics for a while.

As one pundit put it, he wouldn’t have liked to be the upholstery in the limo when Brown found out about his blunder. However Andrew Rawnsley, author of a book called ‘The End of the Party’ which contains graphic details of Brown’s tantrums (cups and mobile phones being chucked across the room, aides being grabbed by the lapel, etc. etc.), has pointed out that the catastrophe could have been much worse. When Brown gets angry, i.e. for much of the time, most of his vocabulary turns navy blue. One is reminded of the fact that the efficiently organised ancient Jerusalem had a Dung Gate. Gordon will be exiting the New Jerusalem which never materialised under his failed tenure, let alone that of his duplicitous predecessor, via Bigotgate.
• Gordon Brown’s behaviour while holding the highest office reconfirms that life at the highest level is hell on earth. Perceptive north American correspondents have pointed out to us that they have caught occasional glimpses of FEAR in the faces of both Barack Obama and Canadian Prime Minister Harper. This reflects the reality that these people are controlled, live in an environment of implied threats and fear, and have discovered that having lusted for so long for what they thought was supreme power, the chalice they have been handed isn’t just poisoned: it reeks as well.
• Finally, note that the Number of the draft Dodd Senate Bill evaluated below, viz: 3217, devolves, surprise, surprise and yet again surprise, to the ‘Black’ esoteric, geomasonic numerology number THIRTEEN: 3 + 2 + 1 +7 = 13. Now WHY would that be the case?

MEANWHILE… THE ESSENCE OF THE CRISIS The central issue facing the whole world is as follows. ALL these securitisation transactions and derivatives marketing operations are FRAUDULENT, and they are ALL illegal both in the US and in the Common Law jurisdictions. So what ALL PARTICIPANTS, whether institutional, hedge funds or investors, fear is that THE WHOLE LOT, BEING FRAUDULENT AND ILLEGAL, COULD UNRAVEL.

Accordingly, the crisis revolves around this huge elephant: how to avoid such an outcome while cleaning up the mess at the same time. The US Treasury’s approach is to continue the carousel below the radar, i.e. covered by Treasury confidentiality, a course which WILL indeed lead to a Weimar-style hyperinflationary collapse.

There is only ONE sound solution, as has been the case all along: the Dollar Refunding operation, ORIGINATED in the private sector, and in London where the US authorities cannot easily sabotage the transactions, which will deliver massive ON-BALANCE SHEET TAX ACCRUALS onto the books of the US Treasury, whether it likes it or not.

The Dollar Refunding operation based on the sovereign loan funds, being ORIGINATED in the private sector, is NOT matched by corresponding debt on the other side of the balance sheet.

By contrast, the US Treasury’s intent is to try to handle the refunding itself, which WOULD create massive offsetting official debt on the other side of the balance sheet. If on-balance sheet tax of, say, 35%, is paid, that leaves 65% of each transaction being added to the official debt, which is CRAZY, and WILL lead to a Weimar-style hyperinflationary currency degradation and collapse.

UPDATE, 29TH APRIL 2010: FINANCIAL STRESS IN EUROPE: SO BUSH CRIME FAMILY, SOROS AND CARLYLE DEMAND $1.3 TRILLION CORRUPT PAYMENT AS THEIR PRICE FOR CEASING TO IMPEDE THE SETTLEMENTS As interest rates on two-year Greek bonds soared to 38% on 28th April 2010 at one point, continued intransigence over the Settlements [see this report] was now being more specifically linked to the outrageous and corrupt demand of the still hyperactive Bush Crime Syndicate, George Soros and the Carlyle Group [see below] for a total corrupt pay-off of $1.3 trillion (an aggregate previously trailered by this service as being targeted for stealing, as we then thought, by the criminal CIA: and it may well be the intention for the criminal enterprise CIA to be the channel directing these funds into the hands of the corrupt parties involved).

Quite apart from the disgusting arrogance of these brazen parties in assuming that they, like the US criminal enterprise banks, can blackmail the forces of financial restitution with such a demand, what sticks even more violently in the Editor’s gullet is the flaccid, corrupt, anarchic failure of US law enforcement, Gold Badges et al., to refuse point blank to accommodate such demands, and to have these financial criminals arrested.
• And for such a gross theft even to be mentioned as a possibility at a time when European countries are going to the wall as a direct consequence of having stupidly accumulated trash, worthless ‘derivatives’ casino ‘assets’ as counterparties to the US official kleptocrats, gives a whole new meaning to the phrase ‘political obscenity’.

Although there is every prospect that, over time, world class criminals like George H. W. Bush Sr., George Bush Jr., Tony Blair et al. will receive their due rewards here on earth rather than just in the underworld to come (with the timebomb of George Bush Sr.’s complicity in the assassination of President Kennedy gathering more and more explosive momentum), the continued failure of US law enforcement to block all further intransigence by these serpents and to have them arrested, like Dr Greenspan and the late Lord George, undermines all residual confidence in relevant US law enforcement personnel. These people have consistently failed to do their job properly. The other day we found out that Greenspan, who has long been indicted by a Grand Jury, was continuing to behave as though he could do and say as he liked, and was not subject to the Rule of Law.
• The Editor is repeatedly told that the relevant law enforcement ‘have to obey orders’, begging the issue that if an order involves illegality, then it is by definition illegal and must be disobeyed.

In case this point isn’t clear, under the Misprision of Felony Statute, it is INCUMBENT upon anyone with knowledge of wrongdoing to take the appropriate steps in accordance with the statute [see text repeated with almost every one of these reports]. That includes operatives AT EVERY LEVEL who have information about wrongdoing that they haven’t reported to the appropriate authorities. It also includes WIVES and FORMER WIVES of such operatives.

When we heard, yet again, that $1.3 trillion of the Settlement funds was to be diverted to the Bush Crime Syndicate, Soros, Carlyle et al., we wondered; WHAT ARE WE SUPPOSED TO DO WITH THIS INFORMATION? Bury it in order to ‘facilitate’ the Settlements? You must be joking. According to our current sense, it has been realised belatedly in certain quarters that the intended stealing of these funds at a time when Greece, Spain, Portugal and probably Britain and Ireland are going down the tubes, might just set off reverberations so lethal that yielding to the gross blackmail demands of the kleptocracy may be too risky, after all.

Certainly, if we do discover that $1.3 trillion has been diverted, as has been confirmed to us is the intention [see below], we shall see to it that this abomination is rammed down the throats of all concerned so that nobody involved in this crime will ever be able to forget how angry the British and American public can become when aroused.

The obscenity of EVEN CONTEMPLATING SUCH A CRIME at a time when the credit ratings of both Spain and Portugal have been downgraded (on 28th April 2010), following Standard and Poor’s consignment of Greek bonds to junk status, is more than your correspondent can take.
• All we can say at this stage is: JUST YOU TRY.

Other than that, the Settlements ‘news’ is not universally negative.

UPDATE: 28TH APRIL 2010: POST-IMF SPRING MEETINGS MELTDOWN When it became clear that nothing substantive emerged from the IMF/World Bank Spring Meetings with regard to Greece, Standard and Poor’s slashed Greece’s credit rating to BB+, junk status, the first time this has occurred since the ill-advised EU Collective Currency arrangements, which we repeatedly warned against in successive articles in International Currency Review (1992-99), was established in order to fulfil the pan-German hegemony/control objective codified in the 1942 Nazi compendium Europaische Wirtschaftsgemeinschaft (European Economic Community), the Chapter headings of which were replicated almost verbatim in the 1992 Maastricht Treaty.

The immediate consequence was to drive yields on Greek bonds up beyond 14%, compared with 9.73% on Monday in Europe, amid a cascading collapse of confidence which could tear Economic and Monetary Union (EMU) apart, destroy the Euro, and bring about a collapse in France and Germany, both of which hold vast stores of completely worthless derivatives ‘assets’.

Meanwhile the collapse of confidence and the disintegration of the bond markets fed on itself, affecting every relevant financial market worldwide, as the real pernicious consequences of the open-ended Fraudulent Finance espoused by the United States and driven by the Bush Crime Syndicate, finally hit home. The fact that we have been talking about this since our report dated 2nd September 2005 means that all concerned have had ample time to put matters right: but, as usual, everything has been left too late. And now it’s almost certainly FAR TOO LATE.

At 12:00 hrs UK time on 28th April we learned that lawyers for Bush Sr. and Bush Jr. are in the Far East trying to tie the hands of the Chinese, but that Chinese officials, having absorbed the present report perhaps, are on the verge of putting the boot into the venally corrupt American authorities, by selling Treasuries for starters.

As for the display of ‘Blankfeinism’* presented for televised public consumption inter alia by Lloyd Blankfein, the Goldman Sachs CEO, before Mr Levin’s Congressional Committee, Mr Blankfein’s attempt to appear like a simpleton did not wash with his fellow Jew, a man of considerable integrity who doesn’t like being messed with and having his intelligence insulted.

Since the SEC filed its complaint [see Archive: 18th April 2010], the bell tolls for Goldman Sachs, which thinks it controls the UK financial system inter alia via its grip on Lloyds of London, and through that conduit, on the British Monarchical Power.

But Goldman has been FOUND OUT marketing dud assets, viz: derivative products based upon nothing other than a reference to an asset that does not underpin the derivative at all, which is OUTRIGHT RACKETEERING AND FRAUD, especially in the United States where ALL securitisation is illegal, as is also the case in other Common Law jurisdications [see our reports: ‘Securitisation is 100% illegal under US legislation’: Archive, 10 March 2010; and ‘Definitive illegality of securitisation is reconfirmed’: Archive, 18 April 2010].

THE DOLLAR REFUNDING MUST ORIGINATE IN THE PRIVATE SECTOR In order for the world to stand any chance of avoiding an irretrievable meltdown which will lead to the worst possible outcomes (outlined below):
• The transparent, on-the-books, fully taxable Dollar Refunding Programme agreed upon four years ago by the Group of Seven (G-7) financial powers using the large sovereign loan funds provided pro bono humanitas by the British Monarchical Power must proceed because the Refunding must be ORIGINATED in the private sector. (No official DEBT on the other side of the balance sheet).
• The structure for accomplishing this has been ready in London since 29th May 2009 and can proceed without any input from the US authorities who are terrified of ‘losing control’ and have been manoeuvring to ORIGINATE the Refunding from within the US Treasury.
• That would be catastrophic, because it presupposes that further open-ended and unnecessary DEBT is accumulated on the other side of the balance sheet, to offset the ‘assets’ made available by the Treasury for the false refunding purpose.
• By contrast, the private sector Dollar Refunding using the sovereign loan funds GENERATES NO DEBT WHATSOEVER but DELIVERS WINDFALL TAX ACCRUALS. As the Refunding will take place in London, the taxes payable to the British and American Governments will be delivered to the UK Treasury, with the US taxes payable by the British Treasury then forwarded on to the US Treasury, whether it likes it or not, as provided for under the Bretton Woods arrangements.

This is the simple, straightforward, transparent, honest, on-the-books, long since AGREED-UPON solution which the Bush Crime Syndicate and its compromised adherents within the US structures, have been resisting, in order to RETAIN CONTROL in the full knowledge that the route they have chosen will lead to hyperinflationary disaster as described in the report below.

Finally, we understand that (possibly, again, following publication of this report), US legislators are ALREADY having second thoughts about the folly of proceeding with the Dodd Senate Bill (with the Democrats facing wipe-out at the forthcoming mid-term elections), while we are also advised that Dr Ben Bernanke, the Chairman of the Federal Reserve, has suddenly twigged at last that if he’s not careful, he may preside over the American Weimar Republic. Apparently he has realised that a colossal inflation is in the works anyway, and is starting to come to his senses. But don’t bank on it.

• ‘Blankfeinism’: Play-acting by a perpetrator of financial crimes involving hand-wringing, diversion, obfuscation and invoking spurious arguments in refutation of the perpetrator’s egregious ongoing breaches of the Rule of Law which are crystal clear to everyone except the likes of Lloyd Blankfein.
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NON-U.S. INTERNET SECURITY SOLUTION CD AVAILABLE: FAR BETTER THAN NORTON ETC It has now been established that the National Security Agency (NSA) works with/controls Microsoft, Norton, McAfee, and others, in pursuit of the Pentagon’s vast BIG BROTHER objective, directed from the ‘highest’ levels (not the levels usually referred to) which seek to have every computer in the world talk direct to the Pentagon or to NSA’s master computers.

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

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

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

The familiar US proprietary Internet Security programs are by-products of US counterintelligence, and are intended NOT to solve your Internet security problems, but to spy on you and to report what you write about, to centralised US electronic facilities set up for the purpose. You can now BREAK FREE from this syndrome while at the same time helping us to MAINTAIN THE VERY HEAVY PRESSURE UPON THE CRIMINALISTS WE HAVE BEEN EXPOSING, by ordering this highest quality FOREIGN (i.e., non-US) INTERNET SECURITY SOLUTION that we have started advertising on this website. This offer has been developed in response to attacks we have suffered from the NSA nerds who appear to have a collective mental age of about five years, judging by their output.
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The premium contains a donation for our exposure work and also covers our recommendation based on the Editor’s own experience that this INTERNET SECURITY SOLUTION will make your Internet life much easier. The program has an invaluable ‘Preview before downloading’ feature.
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UPDATE RE: ‘ALL UK LEGISLATION PASSED SINCE 2000 IS NULL AND VOID’: You may be interested to know that even without having this (UK) report up front on the website, the links count for it at 15:38 hrs on 24th April 2010 had leapt to 8,550, and at 17:00 to 8,990 links. Compare these data with the links summaries to be found at the foot of the report [see: Archive].
• At 12:00 hrs on 25th April, the total number of links to that report had reached 9,600.
• At 07:51 hrs on 26th April, the total number of links to that report had reached 10,500.
MISPRISION OF FELONY: U.S. CODE, TITLE 18, PART 1, CHAPTER 1, SECTION 4: ‘Whoever, having knowledge of the actual commission of a felony cognizable by a court of the United States, conceals and does not as soon as possible make known the same to some Judge or other person in civil or military authority under the United States, shall be fined under this title or imprisoned not more than three years, or both’.

‘Seeing what’s at the end of one’s nose requires constant effort’. George Orwell.
• Please be advised that the Editor of International Currency Review and associated intelligence services cannot enter into email correspondence related to this or to any of the earlier reports.
• BOOKS: Edward Harle Limited has so far published FIVE intelligence titles: The Perestroika Deception, by Anatoliy Golitsyn; Red Cocaine, by Dr Joseph D. Douglass, Jr.; The European Union Collective, by Christopher Story; The New Underworld Order, by Christopher Story; and The Red Terror in Russia, by Sergei Melgounov. All titles are permanently in stock. We sell books DIRECT.
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• CMKM/CMKX CASE DOCUMENTS: Press Archive for this report [29th January 2010] Case Number CV10-00031 JVS (MLGx): SERVICE OF CMKM.CMKX $3.87 TRILLION SUIT VS. S.E.C. You can also access the CMKM/CMKX text at: The biggest lawsuit in world legal history: The phantom share giga-scandal.

INTRODUCTION In recent days, your correspondent has suffered moments of wondering whether it wouldn’t be more profitable for him to shuffle off this mortal coil in exchange, should he be so elected, for a perch in Abraham’s Bosom, where neither moth nor rust doth corrupt and where serpents don’t slither, either. The thought of having to record the slitherings of these iniquitous serpents one moment longer suddenly struck him as beyond obnoxious.

However, as the former Thatcher era Cabinet Minister, Michael Heseltine, pronounced as he stalked out of the Cabinet and Downing Street into a posse of reporters and TV cameras, ‘a man’s gotta do what a man’s gotta do’. So we shall slog on, exposing these rats until you can hear them squealing, like Goldman Sachs, for the rest of eternity.

So many slitherings have taken place since we last reported, that you have a rich menu of snakeish behaviour to choose from here. We’ve arranged the manifestations in no particular order, so you can start wherever you like. But if you read the text as presented, you’ll find that it all ‘connects’.

BEHIND THE SHUT-DOWN OF BRITISH AND EUROPEAN AIRSPACE On 18th April, various Labour Cabinet Ministers emerged from Number 10 Downing Street, having rarely been seen before, to utter empty platitudes for the benefit of the BBC et al. concerning the small matter of the comprehensive no-fly zone that suddenly descended upon the British Isles and northern Europe due to an erupting unpronounceable volcano in Iceland.

Their sudden ‘workmanlike’ appearance admittedly made a change to the wall-to-wall emissions of hot air emitted by the political party leaders as they competed among each other for screen space and to pontificate with contrived emphasis on every single subject under the sun except those that matter: Britain’s corrosive and wasteful membership of the corrupt European Union Collective; the catastrophic financial shambles that this Labour Government, like all its predecessors, has inflicted on the country; and the scandalous ongoing commitment of British military forces to the agentur’s internationalist agendas which have nothing whatsoever to do with the United Kingdom’s national interests (which long since have been collectivised) but everything to do, at present, with the perpetuation and consolidation of such grossly demonic activities as the criminalised American Intelligence Power’s drug-trafficking operations in Afghanistan.

Among the Ministers thus suddenly on display was the Rothschild agent and notorious Europhile, Lord Mandelson, who let slip words to the effect that ‘we can’t just do as we like (over the airport shutdowns): there are (European rules) to be abided by’. Ah, so we take our sovereign airspace control orders nowadays from the European Union Collective.

This reality gradually sank into a few brainwashed BBC talking heads when various previously unheard of Belgians, Italians and East European types started appearing at staged ‘European’ press conferences, gesticulating, wagging their fingers, and generally exhibiting traits along with their broken English so alien to the British way of doing things, that it was immediately clear that they were, like our vacuous British political leads, mouthing empty verbiage in order to convey the false impression that they were ‘doing something’ – which is to say, justifying their own extremely expensive existence financed inter alia by the scammed British taxpayer.

THE KGB OFFICER WHO CLOSED DOWN OUR AIRSPACE Then, all of a sudden, Lord Mandelcreep’s observation about ‘having to adhere to European rules’ slotted into place. For who should appear, complete with short moustache and well-brushed hair, than the KGB (FSB) officer, Siim Kallas, whose latest metamorphosis, after having ‘served’ in the preceding Barroso Commission, is as the new European Transport Commissioner.

Now this Mr Kallas has a colourfully corrupt KGB history, as will be explained below. But as soon as this KGB operative surfaced, full of bonhomie and sweet reasonableness, the true significance of Mandelson’s carelessly purposeful remark for the TV cameras became clear.

Whether the skies over Britain and Europe are open for commercial air traffic is in the gift, you see, of the covert ongoing Soviet KGB, i.e. of Soviet Military Intelligence (Glavnoye Rzvedyvatelnoye Upravleniye, or the GRU).

The process whereby the covert Soviet Union, having been deceptively ‘dismantled’ under the guidance of that supreme Leninist strategist, Mikhail Gorbachëv, who continues as before, working from a suite of offices in the Kremlin, was carefully dissected and explained for all to comprehend in the Editor’s book The European Union Collective [2002]. Gorbachëv always follows V. I. Lenin’s precise dicta, one of the more obscure of which is: ‘Separation precedes federation’.

In other words, what this episode (which completely disrupted this Editor’s schedule of course) has demonstrated is that the British authorities are so spineless, brainwashed, weak and gutless that they are prepared to push many airlines to the brink of actual bankruptcy, to cause prospectively catastrophic disruption to the mails, to inflict near-death blows on innumerable UK categories of businesses, and to risk a sharp escalation of unemployment – all for the sake of not saying boo to the sacred, pungent cow called ‘Europe’.

And what Soviet Military Intelligence has been able to confirm is that it’s not necessary to do much in order to disrupt Western European economies other than to exploit an existing natural disaster (IF that’s what the unpronounceable volcanic eruption is) in order to procure the grounding of all commercial aircraft and the associated economic and financial consequences.

And if commercial air traffic can be grounded in such a fashion, then of course the same may very well apply to military flights as well. For they were indeed grounded, too.

PRECISE ‘COINCIDENTAL TIMING’ OF A NATO AIR FORCE EXERCISE HOSTED BY GERMANY Which is NOT academic, because this episode ‘just happened’ to coincide with a NATO air force exercise, conveniently hosted by Germany, running in parallel with the crisis – namely, from 12th to the 22nd of April. It’s quite possible that the commercial airline lockdown even formed part of this exercise. Whatever the precise explanation, the coincidences here are highly suspicious. It is not necessary to recall in addition that ELF (Extremely Low Frequency) waves can be used to disturb a volcano, while scalar waves can be deployed to manipulate the weather so that the volcanic ash does not circulate according to normal patterns, to conclude that a secret test to establish with what ‘efficiency’ northern Europe’s airspace can be shut down, has been an unqualified success.

Contributing to that success will have been suitably ‘technical’ regulations developed by the corrupt European Commission specifically in anticipation of such an exercise, which has proved that the entire airspace of northern Europe can be shut down BY REGULATORY FIAT.

CORRUPT KGB BACKGROUND OF THE EUROPEAN TRANSPORT COMMISSIONER Now let’s look at the background of the European Transport Commissioner, Mr Siim Kallas.

In 1992, this KGB operative had been posted to function as Chairman of the Bank of Estonia, having previously been in charge of that state-owned bank’s administration.

In the spring of 1992, Estonia received back 11.4 tons of gold from the Bank of England. This gold, always Estonia’s property, had been shipped to London on 17th June 1940 for ‘safekeeping’, ahead of the Nazi occupation of the Baltic States. Estonia’s exiled government reached a ‘gentleman’s agreement’ with the British Government of the day, under which the gold stocks would be held for Estonia’s disposal but would only be returned to a free and independent Estonia, the British having never recognised the occupation of Estonia by the Soviets.

Indicative of the fact that the British Foreign Office assumed, in its arrogance, that ‘collapsible Communism’ was for real, rather than the Leninist strategic deception that it really was, the gold was duly handed back after 52 years and was to be used to back the new Estonian kroon.

But in 1993 under Siim Kallas, the Bank of Estonia, using the gold as collateral, secretly arranged the transfer via a third party of $10 million from the Bank to a Swiss institution, under a contract supposedly involving dividends from oil trades (1), (2).

The Bank of Estonia was not the beneficiary of income generated from the $10.0 million ‘seed money’. Nor did the anonymous beneficiaries provide any guarantees for the safe return of the alienated capital to the Bank of Estonia, and neither did they bear any of the attendant liabilities.

Of course the money vanished, along with the Fraudulent Finance income that it had generated.

As KGB and CIA officers do, Kallas ‘moved on’, into ‘politics’ in fact, founding the ‘Reform Party’, which was quickly merged into the government coalition, with Kallas being installed as Minister of Finance (since a demand from the KGB cannot be refused).

In September 1998, Siim Kallas and his adviser Urmas Kaju, went on trial for investing public money without the authority of the Council of the Bank of Estonia.

The pair were further accused of causing material loss to the people of Estonia by attempting to divert interest from the unauthorised investment. In addition, they were accused of theft, while Kallas was accused of corruptly misusing his authority. The journal Central European Review confirmed that Kallas was convicted on these charges, although the convictions were overturned on appeal. One charge of furnishing false information was referred back to lower courts; and on 30th October 2000, the four-year criminal case against Mr Kallas came to a halt when the lower court acquitted this KGB operative on the ‘minor’ outstanding charge.

A former Estonian MP and doctor of law, Mr Ando Leps, who has written extensively about this corruption, claims that Kallas was at the centre of other financial problems at the Bank of Estonia. Throughout the legal process, Kallas’ representative was Indrek Teder, law partner with Märt Rask, Justice Minister in the Estonian Government and Chairman of the Estonian Supreme Court. And by an even happier ‘coincidence’, Rask was also a member of the ‘Reform Party’, of which Kallas was the self-appointed founder and leader (3).

Other details of this scam, involving offshore accounts in Delaware, clearly implying that Kallas and friends became enmeshed in Bush Crime Family-style offshore Fraudulent Finance trading illicit operations, could be related; but enough has been said to confirm that Siim Kallas was hardly an appropriate choice for the post of European Anti-Fraud Commissioner, awarded to him by the little Portuguese EU capo, José Manuel Barroso, President of the corrupt European Commission, when assembling his first ‘Administration’.

When Barroso came to shuffle his unaccountable and generally corrupt placemen for his second Commission (each European Commission has a life-span of six years), he appointed the KGB/FSB officer, Siim Kallas, as European Transport Commissioner. Or to be more precise, it was ‘pointed out’ to Barroso that this would be the post to which Kallas should be ‘appointed’.

HISTORICAL DATA ON ICELANDIC VOLCANIC ERUPTIONS In June 1783, an Icelandic volcano named Laki erupted, opening a fissure 15 miles long, which spewed out tons of lava, dust and acidic, poisonous gases, for eight months.

Most of Iceland’s sheep and cattle died from eating contaminated grass, while some 25% of the population died of starvation or inhalation of toxic fumes. A thick, poisonous fog descended over much of Europe. The sun faded and thunderstorms proliferated in the gloom. Many people died, with a recent survey of parish records in Britain having concluded that some 11,500 additional deaths, above the norm, occurred in 1783, probably triggered by heart and lung disease.

This was, in fact, the greatest natural disaster to have occurred in Britain in recorded history, apart from epidemics, especially the plague. It is reckoned that 100,000 people would die in Britain if such an event were to occur today (5).

The preceding eruption of the Eyjafjallajokökull volcano began in 1821 and lasted well into 1823, with the ash-fall at its heaviest after six months (6).

Having followed the slitherings of the serpent for so long, we know, do we not, that no abomination is beyond the criminal kleptocracy.

Since, as indicated above, volcanic eruptions (and ‘earthquakes’) can be triggered by Extremely Low Frequency waves, the Dark Forces concerned have also, no doubt, satisfied themselves that, in addition to procuring the knee-jerk grounding of all commercial aircraft in Britain and northern Europe, a volcanic natural disaster capable of plunging Britain, part of the ‘Main Enemy’, back into the Dark Ages, ‘can always be arranged’.

CENTRAL BANK OF HAITI ‘REPLACES’ CENTRAL BANK OF IRAQ FOR WHITE HOUSE FINANCIAL SCAMMING PURPOSES Likewise, earthquakes could be arranged so as to devastate Port-au-Prince, Haiti, destroying a quarter of a million lives in the process – enabling the criminalist cadres within the US structures to seize de facto control of the Central Bank of Haiti – for corrupt ‘insider’ trading purposes. For the Central Bank of Haiti now performs the same function as the Central Bank of Iraq, which used to be the White House’s controlled ‘independent’ central bank, used for all manner of irregular, below-the-radar financial transactions via the Federal Inter Bank Settlement Fund that’s controlled by the Federal Reserve Board. But with the ‘democratic independence’ of Iraq assuming tentative, albeit of course fragile, reality, that particular corrupt game had to be wound down. So the White House needed another ‘captive’ central bank to replace the Central Bank of Iraq. The Central Bank of Haiti performs that function perfectly [see also below].

And it is certainly extraordinary that the commencement of the volcanic ash crisis and the shutdown of British and northern European airports coincided precisely with the NATO air force exercise, hosted by Germany – with flights starting to be resumed effective 20th April, coinciding with the end of the NATO air force exercise on 22nd April. In geopolitics there are no coincidences.

AIRSPACE SHUTDOWN: A DIRECT WARNING TO THE UNITED STATES RE THE SETTLEMENTS While what we state above and immediately below is accurate, there is a FURTHER DIMENSION, which is directly connected to the Settlements: see the Diary Section below for the events that preceded the shutdown, especially the seizure of the funds sent over by the Bank of England.

The airspace shutdown followed that event, and SEVERELY IMPACTED THE UNITED STATES as well as the immediately affected countries. We are informed that the airspace shutdown, achieved by ADMINISTRATIVE ACTION, represented an operation which sent a signal to the US kleptos that the Rest of the World can immediately respond to the US criminalists’ pariah behaviour (in this case, in re-seizing theSettlement funds) by closing down normal channels of transportaion and thus, by extension, any other form of communication they choose.

This is the FURTHER DIMENSION, and if you examine the timing, and at the fact that the airspace shutdown could be turned on and off by EU fiat, you’ll see that this additional dimension is clearly pertinent. Information received at 6:15 hrs UK time, 22nd April 2010.

SUCCESSFUL ‘TEST’ BY COVERT SOVIETS AND THEIR COVERT ‘BLACK’ GERMAN INTELLIGENCE PARTNERS To place the worst possible construction on all this, given that German ‘Black’ intelligence and the KGB/FSB/GRU work together, as they always have, at the highest level, we could have witnessed a manipulative operation perpetrated from within NATO with the full collaboration of covert Soviet military intelligence, to test the extent to which Western economies and military air space can be catastrophically destabilised by malicious regulation – illustrating, not least, the crass stupidity of Europhiliacs like Mandelson in accommodating the alienation of total control over British airspace to unreliable, compromised, corrupt, penetrated Soviet-style institutionalised collectivism.

The accuracy of the Editor’s 2002 analysis, The European Collective, which shows how the Soviet Union was ‘folded’ in order to facilitate the surreptitious reverse takeover of somnolent Western Europe by the covert Soviets, is daily gaining further confirmation. The latest evidence of this emerged on 19th April when it was revealed that NATO plans to ‘invite’ Russia to participate in the development and construction of a joint (i.e. collective) defence shield against ballistic missiles launched from a rogue nuclear state, such as Iran.

IRAN PROVIDES CONTROLLED ‘PRETEXT’ FOR NATO OVERTURES TOWARDS RUSSIA This initiative exploits the deliberate, controlled ‘rogue’ status of Iran, headed by a Jew, President Ahmadinejad, whose family name is Sabourjian. In Farsi, jian means ‘Jew’; and ‘sabour’ is Farsi for the Jewish prayer-shawl: so Ahmadinejad’s family name means ‘maker of the Jewish prayer-shawl’ – a reality which the intelligence operative masquerading as President of Iran openly acknowledged in 2009, in an extraordinary incident when he held up his passport open at the page displaying his family name ‘Sabourjian’, in front of TV and press photographers [confirmed by Tehran sources].

So the Iranian ‘stand-off’ is unquestionably a controlled operation – for use as an ongoing foil against which ‘Great Leaps Forward’ towards ‘One World’ control can be developed: of which the ‘enticement’ of Russia into a NATO project is just one example.

But in reality, it is the covert Soviet Union that, in conformity with Mikhail Gorbachëv’s repeated proclamation of ‘Europe from the Atlantic to Vladivostok’, is ‘backing into’ the Western structures, just as that master Leninist strategist predicted.

US policymakers, whether stupid as usual or complicit, or both of the above, have been discussing this latest ploy directly with the Soviets. The Deputy US Assistant secretary of Defense, Bradley Roberts, told a Congressional Committee all about this during the week ending 16th April. A NATO spokesman, James Apparthurai, said that US officials had been in direct talks on the subject with Moscow, and that the NATO chief, Anders Fogh Rasmussen, supports the proposal, which he was intended to unveil to NATO at a summit meeting in Siim Kallas’s home town of Talinn this week.

Of course, the fact that the NATO summit meeting takes place in Talinn, and that the European Transport Commissioner who was orchestrating the commercial airport shutdown is a secret KGB officer from Talinn, are further ‘non-coincidences’, you will readily understand.

THE BRITISH GENERAL ELECTION: TWEEDLEDUM AND TWEEDLDUMBER: PLUS THE FOREIGN OFFICE ATHEIST The British General Election campaign to date has been a painful exercise in empty rhetoric fronted by controlled political puppets trying to convince an embittered and sceptical electorate that they have something worthwhile to contribute, which is not the case.

On the one hand, the discredited, always rather dirty-looking (like Paul Wolfowitz) Gordon Brown, whose stewardship of the British financial economy has been beyond disastrous, has been forced to run around the country practicing his false smile (which he has the greatest difficulty at all times in achieving) for the benefit of unimpressed hangers-on at ‘schools’nhospitals’ (all one word). To this Tweedledum is pitted Tweedledumber, this Cameron fellow – who has no message whatsoever beyond the word ‘change’ – a revolutionary slogan which deliberately and obtusely begs the basic question: change TO WHAT?

By not defining any terms at all, these empty cardboard characters imagine that they can pull the wool over the British electorate’s eyes with impunity. But the British electorate is not stupid – as a senior so-called ‘Conservative’ informed The Times (6) on 13th April.

‘It’s a phoney war right now, but that’s not because of any lack of fighting’, this fellow confided.

‘It’s because they think we’re all fakes’.

Notice that the blame for this delusion is implicitly foisted on the electorate, which ‘thinks’ ‘we are all fakes’, so that the problem the ‘Conservatives’ faced was ‘how to convince them that we’re not fakes’. Manifestly that’s impossible, not least given that the ‘Conservative’ Party, which exists to CONSERVE rather than to OVERTHROW everything, has nothing to offer beyond its ‘change’ slogan, with no definition of terms so that no-one knows what Cameron seeks to ‘change’ the country TO. Obviously, the ‘Conservatives’ don’t know, or won’t say’.

Given this vacuum at the epicenter of the ‘Conservative’ Party’s offering to the electorate, it’s hardly surprising that ‘they think we’re all fakes’, because that’s exactly what these people are.

And WHY are they fakes?

The underlying reason is that they are purporting to be concerned with issues affecting ‘ordinary people’, and to have ‘the answers’ to ‘their’ problems – whereas in reality, these cardboard fakes are marionettes dancing to diversionary tunes orchestrated by the internationalist agenda, which embraces the sterile corruption of Britain’s membership of the European Union Collective.

Has this sacred cow even been MENTIONED in the campaign by any of the three main parties?

You guessed correctly: the answer is NO*. It’s a taboo subject: and yet, as we’ve seen even with the jackboot imposition by regulation by a KGB officer masquerading as the European Transport Commissioner, the internationalist agenda is poised to destroy the British economy, to stifle all dissent – and to achieve all this simply by means of COLLECTIVIST REGULATION.

* However the televised ‘Debate’ scheduled for 22nd April is on foreign policy, so the issue has been boxed into a controlled format from which it stands little chance of further ventilation.

Complicating the charades being acted out by Tweedledum and Tweedledumber has been the emergence of the Foreign Office atheist – another straw character, namely, the leader of the Liberal Democrats, ‘Nick’ Clegg, who wants to abolish the religious basis of ancient schools, to impose a ‘mansion tax’ and to scrap the pound in favour of the failing Euro, and whose stock rose sharply after the Tweedles made relative fools of themselves with their empty pronouncements and contradictory inanities during the first TV Election ‘Debate’.

It was of course a catastrophic error of judgment for David Cameron to have agreed to these TV ‘debates’, since they provide an opportunity for the third empty vessel to impress itself upon the confused minds of the disillusioned people.

And given that the jaded electorate remains unimpressed with the Tweedles, any first-year student of politics could have told ‘Conservative’ Central Office that the effect would be liable to catapult the third ‘candidate’ into the public consciousness, given the disillusionment with the others, with disastrous consequences for the fake ‘Conservatives’. Which is precisely what has happened. And the consequences for the ‘Conservative’ Party may be terminal.

Clegg is a self-professed, left-wing atheist, married to a Spaniard, whom he met when he was an official in Brussels, seconded there from the Foreign Office – a hotbed for several generations of treachery against British interests and its survival as a nation state.

Since, as a direct consequence of Cameron’s ill-advised agreement to participate with the Liberal Democrat leader in the televised Election ‘Debates’, the outcome of this controlled UK election is likely to be a combined majority for the Liberal Democrats and the Labour Party, the prospect, at the time of writing, appeared to be that the incoming government will be by far the furthest left of any government Britain has ever been saddled with.

Moreover the ‘Conservative’ Party could be destroyed and marginalised. The Liberal Democrats will demand, as their ‘price’ for collaboration with Labour, electoral reform, namely a flaky system of proportional representation – guaranteed to ensure weak governments in perpetuity, and to keep the ‘Conservatives’ permanently out of power.

In other words, due to the stupidity of ‘Conservative’ Central Office, the United Kingdom is on the verge of lurching sharply and irretrievably to the left – in precise accordance with the Gorbachëv formula, exposed in The European Union Collective, of procuring the permanent liquidation of all parties that are not of the left

THE INCOMING GOVERNMENT’S LEGISLATION MAY BE NULL AND VOID, LIKE ALL UNITED KINGDOM LAWS SINCE 2000 Of course, as you can see from our report entitled ‘ALL UK LEGISLATION SINCE 2000 IS NULL AND VOID’, which did indeed ‘go viral’, if the incoming Government does not deal immediately, before doing anything else, with rectification of the Letters Patent issue affecting the Hereditary Peers, all legislation passed by the new Westminster Parliament will wind up as invalid as the legislation that earlier Parliaments under Blair and Brown have squandered a decade passing since 2000.
• In this connection, some people seem to think that because challenges concerning the Letters Patent issue have been rejected by the UK High Court, the issue is dead. That indicates a degree of perversity and dim-wittedness that only inspires contempt. Such blanket assertions overlook the fact that Baroness Ashton of Upholland made the damning pronouncement that she made in the House of Lords, which is recorded in Hansard. Her statement left the position crystal clear, as anyone who re-reads our report dated 11th April 2010 on this issue can easily understand.

And if it turns out that President Barrack Obama is an illegitimate impostor (as the Editor is not an American citizen, he cannot pronounce on this subject, which is for Americans to resolve), it will likewise follow that all legislation signed into law by Obama, together with all his Executive Orders, will turn out to have been null and void, as well – enabling the institutionalised official kleptocracy to have everything ‘both ways’ (the dialectic and double-mindedness, again), since the situation can be manipulated in accordance with what Lenin called ‘the correlation of forces’.

THE FIVE-POINTED STAR CLUE TO THE FACT THAT THE BRITISH ELECTION IS A STAGED THEATRICAL DISPLAY Meanwhile observers completely omitted to notice or draw attention to a deliberate clue that the British General Election is CONTROLLED and therefore fraudulent. We refer to the fact that the door into the venue used for the first TV Election ‘Debate’ contained an aperture in the shape of a pentastar – that is to say, the five-pointed star to be seen everywhere in the revolutionary United States and everywhere in the covert revolutionary Soviet Union.

Specifically, the all TV cameras honed in on this polished ‘wooden’ door, making sure that ‘the interested’ need not have missed this ‘in-your-face’ presentation of the CLUE to what is going on. Within the pentastar aperture was a second five-pointed star which formed a glass ‘window’ into the TV venue in Manchester.

Now American observers may not be aware that in the United Kingdom, we don’t DO five-pointed stars. This geomasonic, esoteric revolutionary emblem is NOT USED IN BRITAIN AT ALL.

Yet, all of a sudden, a five-pointed star was deliberately built into the specially constructed door, with its window into the ‘New Order’ being unveiled to the gullible members of the general public in attendance, who thought they were there to hear ‘what the leaders have to say’ and to learn about their policies. Instead, they were dumb witnesses to an empty, controlled, and debilitating charade orchestrated in order to sustain the illusion of ‘democracy’ so as to delude the population into believing that the votes to be cast on 6th May are meaningful: whereas the truth is that the main British political parties are all fully signed up to the same sterile internationalist agenda.

OBSERVATIONS IN THE BRITISH ‘MAINSTREAM’ PRESS ON 22ND APRIL 2010 Camilla Cavendish writes in an op-ed. piece in The Times, page 21, subtitled: ‘When voters say they want change, they mean an end to a system which favours cheats: in banks or on benefits’:

‘Politicians and bureaucrats could not see that they had fostered a language of bureaucracy and suspicion that was alienating to people who used public services. They stuck to stubborn mantras that exam results were better, nurses angelic. People stopped believing that politicians could understand their lives or speak their language’.

‘Politicians only sensed the anger once the economic tide began to ebb. The credit crunch showed that bankers who had flaunted their wealth as evidence of their superior merit had indulged in the most childish pass-the-parcel schemes that plunged the world economy into the dark [sic]’.

‘Most bankers emerged unscathed and unrepentant, while people who had acted prudently and saved for their futures found themselves paying for the profligacy of those who had racked up enormous debts. Low interest rates benefited mortgage holders at the expense of British savers who are still watching their money shrink in accounts that banks brazenly change every month’.

‘By the time the expenses scandal broke, bringing the realisation not only of so many MPs having their noses in the trough, but just how big the trough actually was, people had stopped listening’.
• However, because the next Government will be fully signed-up to the internationalist agenda, which overrides preoccupations with domestic issues except wherever they can be moulded to accommodate the internationalist (World Revolution) remit, any expectation of ‘change’ in this crucial respect, would be unwarranted.

There will be NO CHANGE until the brainwashed UK political Establishment ceases to cow-tow to the internationalists and until the rogue elements within the UK intelligence services are cleaned out. The idolatry of Europe has to be discarded; and of this, too, there is little hope right now, as dense UK ‘business leaders’ pontificate in The Financial Times today that they ‘want a government working strongly within the European political mainstream…. It is there, and not on the fringes of Europe… where our voice must be heard’.

These deluded ‘business leaders’ regurgitate the same claptrap that has been standard ever since this Editor became active. Here are some of the delusions encased in the foregoing drivel:
• The European Union Collective is a COLLECTIVE. Decisions are taken COLLECTIVELY.
• The COLLECTIVE is indifferent to ‘voices’. No voice can be ‘heard’ in a POLITICAL COLLECTIVE, because ALL DECISIONS ARE TAKEN COLLECTIVELY, so no ‘voice’ has any standing whatsoever.
• The ancient ‘fringes’ of Europe mantra is part of the same infantile delusion. In any POLITICAL COLLECTIVE, it is neither here nor there whether one is ‘at the centre’ of the collective, or on ‘the fringes’ thereof. The geographical location of the ‘voices’, so to speak, is IRRELEVANT: see above.
• These ‘business leaders’ are content that VAT accruals should be remitted into the hands of a criminal enterprise. As we have explained, the European Commission is a criminal enterprise. Its accounts have been explicitly UNAPPROVED by the Court of Auditors for the past 14 years. The UK Serious Fraud Office has CONFIRMED that it is A CRIMINAL OFFENCE for taxpayers’ monies to be paid into the hands of a CRIMINAL ENTERPRISE. Therefore, these British ‘business leaders’ are content for the VAT payments that their businesses have to pay, to be ILLEGALLY paid into the hands of a criminal enterprise, CONTRARY TO THE RULE OF LAW. If that is the case, they are accessories to the fact of their VAT payments being illegally diverted into criminal hands.
• In demanding unqualified support for the European Union Collective, these ‘business leaders’ reveal that, actually, they are de facto fellow-travelling Communists, supporters of Lenin and of the World Revolution, and that they are quite oblivious to the reality of what they are pontificating.

BRITISH NATIONAL PARTY CONFIRMED AS A GERMAN ‘BLACK OPERATION’ One more thing. The British National Party (BNP), which exploits the Union Jack (UK flag) in all its publicity, was exposed several years ago to this Editor as a covert operation run by German ‘Black’ intelligence. One key achievement of this operation has been precisely to STEAL and ERADICATE national sentiment along with the flag, so that anyone expressing views such as that Third World immigration needs to be controlled or stopped, that the integrity of the nation state is paramount and sacrosanct, and that pride in one’s country is meritorious, is in danger of being labelled (by the Great Brainwashed) as a BNP ‘fellow-traveller’.

On 18th April, it was reported that the London organiser of the BNP, Bob Bailey, is the husband of a German Embassy diplomat. He married Ms. Martina Borgfeldt in Australia in 1999 after meeting her while serving in the Royal Marines in Africa. The current Diplomatic List shows that this woman is an ‘assistant attaché’ at the German Embassy in Mayfair, Central London. Mr Bob Bailey lives in accommodation provided by the German Embassy in London.

In a damage limitation exercise, an anonymous spinning source ‘close to the German Embassy’ said that Mr Bailey had never told his wife that he was a BNP leader, and that she only found out about it when confronted by her superiors. Mr Bob Bailey is leader of the opposition grouping on Barking and Dagenham Council, which he hopes to take control of on 6th May.

As such, he holds a public position and therefore his political affiliation is manifestly in the public domain. Accirdingly, the source of this ‘spin’, presumably an operative taking orders from German intelligence, was engaged in a clumsy attempt to cover up the fact that the British National Party is indeed, as we ourselves found out several years ago, a covert confusion-building operation run by Deutsche Verteidigungs Dienst, its purpose being to smother genuine British national pride and to reinforce the oppression of ‘nationalism’ – which, if it were to flourish, would threaten pan-German hegemony strategy and the internationalist agenda.

THE BRUTAL COVERT SOVIET CONTAINMENT OF POLAND Turning to the Polish situation, a central European observer informed us on 19th April 2010 as follows [verbatim account]:

[Watching the TV coverage of the Kaczynzki funeral] ‘First, I sensed that Prime Minister Donald Tusk showed by his behaviour strong signs of guilt, if not a bad conscience, given that he might well be the key figure behind any coup, at least within Poland’.

‘Secondly, the only two international players who were represented were Russia and Germany (showing your analysis in ‘The European Union Collective’ one more time to be perfectly right). [Thanks to the volcanic ash story] all the other presidents and prime ministers now had a perfect excuse not to attend. The volcanic ash dimension also prevented the arrival of an unprecedented stream of Polish patriots living outside the country to Warsaw or Krakov – so that a colossal Polish political demonstration of historic proportions did not take place’.

On the contrary ‘the world saw Poland not just politically decapitated, but basically left out in the cold. No Obama, no Gordon Brown, no Sarkozy, no Berlusconi, no Zapatero, no Papandreou; and not one single representative of European Royalty, either’.

‘Yet Russian President Medvedev did arrive – by jet aircraft – thereby indicating that the Russians, unlike ‘Eurocontrol’, had no problem with the ash cloud’.

‘Accordingly, apart from Germany’s President Horst Köhler and the German Foreign Minister Guido Westerwelle, the gathering consisted ENTIRELY of actual Communist personnel: Yanukovich and Timoshenko, from Ukraine; the Lithuanian President, Mme. Dahlia Grybauskaité, who was formerly the European Budget Commissioner and a KGB and Party operative from the overt Soviet days; President Saakashvili, MVD chief Eduard Shevardnadze’s former Interior (‘Justice’) Minister, from Georgia; President Basescu from Romania; and the former Polish Prime Minister, now President of the European Parliament, Jerzy Buzek, who managed to travel to Poland without any difficulty’.

‘And how was the scene transmitted? Why, by a huge army of international TV teams who had managed to arrive in Poland in good time, notwithstanding the airport shutdowns’.
• CORRECTION: When originally posted, we stated in error here (based on information from Austria) that President Vaclav Klaus from the Czech Republic was nowhere to be seen. We have now received a message from the Czech Republic stating that, on the contrary, President Vaclav Klaus travelled to Krakov by train and was highly critical of the absence of Western leaders and representatives. We are very happy to make this correction, and apologise to our Czech readers for the error.
• AND LISTEN TO THIS: You will see immediately below a reference to covert Stalinist Austrian State President, Heinz Fischer, who didn’t attend the funeral. Following the update about Vaclav Klaus appended immediately above, Czech sources elaborate: Reacting to Vaclav Klaus’s criticism of the non-attendance of Western leaders, the Austrian President declared:

‘I was unable to attend because our work rules forbid my driver to exceed eight hours of continuous driving. So I had to stay in Vienna’.

The State President of the Bundesrepublik Osterreich can ORDER two drivers to drive him to any destination he likes. In official limos, THERE ARE TWO SEATS IN THE FRONT, one for the driver and another in case there needs to be a driver to back him up. Pettifogging EU REGULATIONS do not YET go so far as to require only one driver to service the needs of the State President. Is this jumped up little neo-Stalinist nuts? We don’t use RIDICULE enough to cut these nonentities down to size. The duplicitous Austrian President has made a complete dumkopf of himself and has also humiliated Austria and its people by his wayward behaviour here.

FRAU ANGELA MERKEL GOES EVERYWHERE IN EUROPE EXCEPT TO POLAND Our correspondent described, in conclusion, the quite extraordinary behaviour during this same timeframe, of Angela Merkel – the erstwhile activist in the East German Communist Party, which she served as Secretary for Agitation and Propaganda in the Communist Youth Department of Karl Marx University. First of all, Merkel indicated that she was going to attend the funeral. Then, ‘due to the ash cloud’, she was ‘forced to land in southern Europe’.

Then, for some unexplained reason, she made an overnight stop as far away as Lisbon, flying on the next day from the Portuguese capital to Rome – whereupon she was driven by car from Rome to Berlin where, according to German TV, she arrived in the late afternoon of Sunday 18th April, just as the funeral was taking place in Krakov. She could have been driven from Rome to Krakov, which is a slightly shorter journey than Rome-Berlin.

As for the covert Stalinist Austrian State President, Heinz Fischer, his excuse not to attend was that his ‘election’ is due on 25th April. But since he has no competitors for the Presidency who stand the remotest chance of winning, he could perfectly well have travelled to Krakov himself without forfeiting his re-election: a car would have taken about five hours, a helicopter ride, less than two hours. No Government Minister from Austria attended at all.

The ‘spin’ which emerged, even in the British press, following the funeral of the Polish President who perished along with most of his top aides in an old Tupolev that had been refurbished in a southern Russian factory and had only been delivered back to the Poles just a few months earlier, was that this ‘accident’ had ‘brought Russia and Poland together’ in shared grief, and had given an impetus to the prospect for good old Polish-Russian Friendship. a.k.a. ‘People’s Friendship’.

In other words, the ‘accident’ that wiped out the top echelon of the Polish Government was ‘the very best thing that could possibly have happened’. As for the Western dignitaries who all too carefully absented themselves, it would seem that they didn’t intend to disturb, by their uwanted presence, this oh-so-conveniently re-established geopolitical equilibrium.

THE THREE INTELLIGENCE RACKETEERS BEHIND THE CRISIS As you will recall, we have separately proved that the three top operatives who masterminded the controlled ‘takedown’ of the Soviet Union have been systematically engaged, all along, in the TWIN operation to ‘take down’ the ‘Main Enemy’ – Britain and the United States (and also the corrupted English-speaking Dominions, Canada, Australia and New Zealand).

And as we’ve repeatedly explained, since double-mindedness and the dialectic are Kings in these circles, EVERYTHING IS DUPLICATED. Bank accounts are duplicated. All scamming operations are duplicated. Companies with the same name are duplicated in many different jurisdictions around the world. ‘Contradictory’ dual operations are launched in parallel.

The dialectical method enables these operatives to speak out of both sides of their twisted mouths simultaneously. They can say one thing on Monday and do or say the exact opposite on Tuesday, with total equanimity: because their double-mindedness enables them to rationalise ‘opposites’, or what Lenin and Gorbachëv call ‘contradictions’.

Thus the 9/11 abomination involved the TWIN towers; the aborted abomination that was to have resulted in the destruction of the Republican Convention on 1st September 2008 was to have been perpetrated in the TWIN cities of Minneapolis-St Paul.

Diabolical human experimentation on TWINS is a preoccupation of those deviants serving the Darkness who engage in such grossly demonic activities.

Therefore, it comes as no surprise that the orchestrated ‘takedown’ of the Soviet Union had a TWIN – the intended orchestrated ‘takedown’ of the ‘Main Enemy’: which is what we and others have been witnessing and recording.

As previously reported, the ‘former’ Soviet President Mikhail Sergeyevich Gorbachëv, the former President George H. W. Bush Sr., and former German Chancellor Dr Helmut Kohl are partners with the CEO of Deutsche Bank AG, Dr Josef Ackermann, in Deutsche AG, previously named Barrington Investment Group – which is used as a money laundry and chief hidey-hole for stolen and diverted funds, including funds leveraged and derived from a contract stolen from Michael C. Cottrell’s firm Pennsylvania Investments, Inc., in 2002.

This means that Gorbachëv, Bush Sr., Kohl and Ackermann are financial terrorists handling stolen and diverted funds: in other words, they ‘handle stolen goods’. This is a criminal offence in every context with the single exception of the rarefied atmosphere of the intergovernmental firmament, where the Rule of Law does not apply, and the law of the jungle prevails instead.

THE SORDID BACKGROUND OF DR HELMUT KOHL Equipped with such information, the Editor decided that he didn’t know enough about Kohl, apart from his prowess in amassing gold certificates and nullifying parallel certificates held by others (as previously reported). So we did some additional research.

We discovered the following descriptions of the kind of man Dr Kohl is, published in Spectator Magazine [28th July 2001] and Le Parisien [9th July 2001]. Guess what: all this information was swamped by the 9/11 atrocities, as the dates of these reports make self-evident. Without further elaboration, therefore, they are as follows:
• Spectator Magazine (28th July, 2001): Helmut Kohl has buried many bodies in his time, and now he has buried his wife Hannelore. Earlier this month, while Dr Helmut Kohl was in Berlin, she committed suicide by taking an overdose of painkillers and sleeping tablets at their home in Ludwigshafen, on the Rhine. The way he disposed of her body was very characteristic, combining elements of mendacity, effrontery and the ability to dominate those around him. He assembled the entire German establishment for a requiem mass in a Roman Catholic cathedral for a Protestant who had committed suicide. The German media had already, almost without exception, swallowed Frau Kohl’s explanation for her death, which was that she was suffering from such an agonising allergy to light, that for the last 15 months she had only been able to leave the house under cover of darkness. Doctors have been unable, from the scant details given, to identify her illness, and she was buried without post mortem.

Some people have reported that she seemed well able to withstand daylight within the last few months. A friend of mine recently saw her going for a walk in the Grünewald forest on the edge of Berlin, and Mr. Kohl himself alluded, on the day before she died, to their forthcoming summer holiday in Austria. Only Stern magazine ventured to point out that the official account did not hang together. It remarked that a few weeks ago, when the Kohls’ son Peter married a Turkish woman, Elif Sözen, in Istanbul, Helmut Kohl attended the wedding not with Mrs. Kohl, but with his personal assistant, Juliane Weber, who started working for him in Mainz in 1964 and has long been his right-hand aide. What Mrs. Kohl thought of this we may never know. ENDS
• Laurent Valdiquié, Le Parisien (9th July 2001): Following the suicide of his wife, Helmut Kohl is now indirectly linked to a suspicious death in France. Diethelm Höner, a German millionaire friend of Helmut and Hannelore Kohl, was found dead in his villa in Cannes on 17th January. He had been the Kohls’ informal financial adviser, running the affairs of Hannelore Kohl’s charitable foundations.

The 60 year-old financier had apparently ‘fallen downstairs’ but French prosecutors are finally investigating the death. Höner was connected with the Elf scandal, in which bribes were allegedly paid by the French oil company to Helmut Kohl’s Christian Democratic Party. Höner, whose fortune ran to some £1 million [sic], had told friends that he felt threatened for several years.

He lived in Cannes in a state of permanent fear and was obsessed by security. According to a document leaked to a French paper, he knew about the diversion of large sums of money via the German intelligence services; he alleged in this document that most of the aid given by Germany to Russia had been stolen and that the Russians were using the stolen money to finance industrial espionage in computer and bio-technology. Höner also knew Dieter Holzer, a German businessman living in Monte Carlo, who is now on the run following the revelation that he took money from the bribes paid by Elf for the purchase of the Leuna oil refinery.

The French authorities are treating the death as suspicious because, according to a preliminary medical report, the position of the body was not compatible with a fall.

And the security cameras which otherwise filmed everything in his villa, were mysteriously not functioning on the night of his death. ENDS.

The fact that our investigations have revealed Helmut Josef Michael Kohl, who was born on 3rd April 1930 in Ludwigshafen am Rhein, to be a handler of stolen goods, a financial terrorist and a criminal racketeer of the first rank, sharing the proceeds of stolen and diverted funds with his racketeering partners in Deutsche AG (Barrington Investment Group), of St Gallen, Switzerland, George Bush Sr., Mikhail Gorbachëv, and Dr Josef Ackermann, CEO of Deutsche Bank, is not surprising given ‘further and better particulars’ about this operative’s financial activities.

For Kohl has been no stranger to financial scandal. In 1999, it was revealed that his CDU political grouping had received and maintained illegal funding under his leadership. Investigations by the Bundestag into the sources of illegal CDU-tagged funds, mainly stashed in Geneva bank accounts, revealed two sources. One was the sale of German tanks to Saudi Arabia (involving kickbacks), and the other was a privatisation fund operated in collusion with the late French President François Mitterrand, who sought 2,550 unused allotments in the former East Germany for Elf Aquitaine. In December 1994, the CDU Bundestag majority passed a law nullifying all rights of the then current owners of the (petrol station) allotments. In this context, over DM 300 million in illegal funds were discovered in secret Swiss bank accounts in Geneva canton.

The fraudulently acquired allotments were then privatised for Elf Aquitaine, and wound up owned by TotalFinaElf, now Total SA. Kohl maintained that Elf Aquitaine had offered and had subsequently completed a massive investment in East Germany’s chemical industry, while also taking over 2,000 petrol stations in Germany formerly owned by the East German national oil company Minol. Elf Aquitaine was found to have financed the CDU illegally under Mitterrand’s orders, in line with standard practice in the corrupt Francophone countries.

These matters appear not to have been resolved. A German-Canadian businessman, Karlheinz Schreiber, a long-term associate of Kohl’s late CSU political rival Franz Josef Strauß, is still wanted by Bavarian prosecutors on charges of fraud and corruption. Schreiber is reported to have been fighting extradition from Canada to Germany ever since the summer of 1999 (at least, this was the position in 2008). Free on bail in Canada, Herr Schreiber filed an Affidavit implicating the former Canadian Prime Minister, Brian Mulroney. On 13th November 2007, the current Canadian Prime Minister, Stephen Harper, called for a public enquiry into Schreiber’s statements.

CANADIAN PRIME MINSTER HARPER REPORTED TO BE ‘SPACED OUT’ Although what follows may not be connected, something odd is afoot in Canada, too. Last year there was firm talk of an early General Election there, but these indications have faded amid a strange conspiracy of silence involving the highest levels of the political parties, including the Liberals – now led now by Michael Ignatieff, from a Canadian family of Russian Jewish extraction, who spent a good portion of his life in Britain, becoming well known as a late-night ‘intellectual’ talking head on BBC shows and a prolific contributor of left-wing articles to The Guardian.

Then he suddenly left Britain for a post at Harvard, after which he moved back north to Canada and entered politics – rising to the highest slot in the Liberal Party.

Meanwhile, Stephen Harper appears from his television appearances to be somewhat ‘spaced out’. A Canadian correspondent writes: ‘If you watch his eyes on TV, he appears to be not all there’. As the corruption unravels, these operatives are being exposed, or worse [see 21st April].

NEIL BUSH IN CHARGE OF BUSH SR.’S ASSETS? Earlier information suggested that Mrs Barbara Bush may have taken over the management of George Bush Sr.’s colossal illicit financial interests. Since no reports about the Bush Crime Family can be taken at face value, given the Bush Sr. apparatus’s record of floating disinformation stories via controlled ‘grapevines’ (several of which were targeted at this service at earlier stages of this criminal investigation), that assertion ought to have been accompanied by a health warning.

Nevertheless, reports that Mrs Barbara Bush spent some days in hospital in March and references to Grave’s disease, were accurate, and it has been reported that Mrs Bush remains in poor health. Her condition would be consistent with the consequences of long-term exposure to electronic activity and is paralleled by the condition of Hillary Clinton, whose physical deterioration is visible to all, and whose appearance recently has been unofficially diagnosed as being consistent with Grave’s disease. Specifically, she has put on much weight, walks awkwardly and her speech is slow, with (we are told) some slurring of her words.

After eight years in the White House, such an outcome would, experts advise, be likely.

At all events, these reports have coincided with separate information to the effect that Neil Bush, who was implicated in the Savings and Loan scandals of the 1980s, has ‘descended from’ Toronto, where he had long been operating following a prolonged spell in Hong Kong whence he had been removed at the instigation of his father George Bush Sr., to get him out of the way in the aftermath of the S&L débacle, to Houston. That cannot be be ‘good news’, given this man’s background.

NEIL BUSH AND THE SAVINGS AND LOAN PILLAGING OPERATION Specifically, his stewardship as Director of Silverado Savings and Loan, Denver, was covered in ignominy. Neil Bush became a Director on Silverado’s Board in 1985, but resigned just days after George Bush Sr. was nominated as the Republican candidate for the Presidency in 1988 and three months before Silverado was compelled by regulators to establish nearly $200 million in loan loss reserves to cushion the thrift from expected losses on shaky (i.e., shady) deals. At the time, Neil Bush said that he had resigned for personal reasons. But the real reason for his resignation was to ‘spare his father the embarrassment’ of Silverado Savings and Loan’s deteriorating condition and probable collapse (which duly occurred late in 1988).

After all, as Vice President, Bush Sr. had chaired the Bush Task Group on Regulation of Financial Services, an element of Reagan’s deregulation initiative. This operation ostenstibly disappeared into oblivion in August 1983 after the media thought it had achieved very little.

But in reality, George Bush Sr. and his corrupt associates had exploited the Task Force’s access to inside information to decipher how the financial system worked, so that it could be ransacked all the more efficiently. Typically picking up quite the wrong end of the stick, a ‘regulatory expert’ at Carnegie-Mellon University, Lester Lave, told a Fortune magazine reporter that ‘they took a lesson from the Vietnam War: Declare victory and pull out’.

No, they ‘pulled out’ because their ‘investigation’ had achieved its real purpose: to equip the Bush Crime Family with the inside knowledge it needed to orchestrate wholesale frontal attacks on the financial sector and all who invested in it.

Later, the Federal Home Loan Bank Board (FHLBB) actually announced that it had requested the Justice Department to investigate charges that Stuart Root, the former President of the Federal Savings and Loan Insurance Corporation (FSLIC), had given the Denver-based Silverado Savings an advance warning that regulators were intending to seize that thrift in December 1988. Silverado Savings had been borrowing heavily from the Topeka Federal Home Loan Bank, but no supervisory measures were taken against Silverado until it was finally declared insolvent in December 1988, following Bush Sr.’s election to the Presidency.

The National Thrift News reported separately that Neil Bush’s oil and gas company had a line of credit at a bank owned by a developer who owned large amounts of Silverado’s preferred stock and received more than $40 million in loans from Silverado Savings and Loan. Neil Bush also sat on the Board of a Florida corporation that borrowed over $80 million from Western Savings of Dallas, which also collapsed. In other words, Neil Bush presided over operations to divert funds from the banks on the Boards of which he sat – a state of affairs which not even his brazen father could tolerate blowing up in his face just as he was embarking upon his corrupt Presidency.

NOTHING’S CHANGED, OF COURSE: LOOK AT NANCY PELOSI The whole point about the United States is that since it is a ‘Black’ foundation – which is to say, it is rooted in geomasonic esoteric magick make-believe and gobbldegook, as the notorious layout of Washington, DC, with its phallic monument and pentastar pathways, constantly remind us.

(The same can be stated about the Vatican, which has its own phallic monument in the centre of a circle: and look what’s happening to the Vatican).

Hence nothing can ever go right in this country. Its foundation is malevolent, so everything always goes wrong. (Other countries, including Britain, of course, suffer similar problems due to their own comparable blind stupidity). Ever since the Editor of this service started visiting the United States frequently in 1977, there has been at least one major scandal ‘rocking’ Washington.

After 33 years of observing these routine eruptions of pure evil, the corrupt sewage floating downstream from Washington these days has lost its stench for veteran observers such as your correspondent. Since the root cause of these incessant manifestations of corruption isn’t either understood or tackled, they continue. Of the manifestations of the evil for which Washington is notorious, the most egregious is the continued existence of a corrupted Intelligence Power which has usurped the Executive and Legislative Branches and operates as an arrogant, murderous self-financing ‘state within the state’ without any meaningful checks and balances.

But from the perspective of the corrupted ‘elevated personages’ living and having their being within the Beltway, the status quo cannot be faulted. Take, for instance, the case of the Speaker of the House, Nancy Pelosi. A list of her investment holdings with her husband as joint tenants in common with regard to the god they worship, Mammon, is given at Note (7).

This list provides an insight into the values of such operatives, who are supposed, when surfaced as legislators, to be impartial servants of the people.

NOW THEY’VE STARTED SCREAMING AT EACH OTHER IN PUBLIC Because it’s always ABOUT THE MONEY. At this level, there’s never any other issue. Nor can the seething anger and resentment of the holders of supreme power be hidden from public view any longer, it seems. This became clear when ‘mainstream’ media reports published on 14th April 2010 showed an unprecedented photograph of two highest-level leaders screaming at each other.

The occasion was the Nuclear Security Summit Meeting held in Washington on 13th April. On page 16 of The Daily Telegraph, the Russian (KGB) President, Dmitry Medvedev (Menakhem Aaronovich Mendel’) was seen angrily pointing his finger at French President Nicolas Sarkozy, who was angrily pointing at Medvedev, with a look of extreme hatred on his unprepossessing countenance.

The accompanying article stated blandly that ‘Nicolas Sarkozy, the French President, and Dmitry Medvedev, his Russian counterpart, appeared to have a heated exchange during the summit meetings yesterday. Mr Sarkozy has said France will not give up its nuclear weapons because doing so would ‘jeopardise’ its security. Mr Medvedev last week signed an agreement with US President Barack Obama agreeing to reduce his nuclear warheads by a third’.

It was a kindly lady at S. Japhet and Co. in the City of London, where the Editor, in 1959, was rather temporarily employed during the Eichmann controversy, who uttered an unforgettable response to your correspondent’s naïve question: ‘What’s all the fuss about? Eichmann’s Jewish’.

‘You don’t understand’, she explained patiently to the only goy on the premises: ‘A Jew’s greatest enemy is another Jew’.

The Jew in charge of France is shown screaming at the Jew in charge of Russia at a so-called Nuclear Security Summit Meeting in front of the world’s TV cameras: and The Daily Telegraph sticks this story and picture on page 16.

If your correspondent had been Editor of the newspaper, he would have ordered the front page to be cleared and the report rewritten to focus specifically on this evil exchange of mutual loathing.
• But of course, we’ve forgotten something: an intelligence cell is resident in every US and UK press room, as previously confirmed. It would have argued for the bland treatment that the British newspaper duly applied to this sensational story

Because although the context was the nuclear ‘Summit’, the underlying tension CONCERNS THE MONEY. These operatives have ‘lost it’. As we have stated, at the intergovernmental level, the Rule of Law does not exist. Everyone double-crosses everyone else, everyone lies, everyone engages in wall-to-wall intrigue, and all displays of harmony for the benefit of public consumption are false. Now we see that these ‘Dark Actors Playing Games’ cannot even hide the fact that they hate each other’s guts: and it’s neither here nor there whether a competing snake is Jewish or not.

SACKED SARKOZY ‘SPIN DOCTOR’ CONFIRMS THAT ‘IT’S ALL ABOUT THE MONEY’ That ‘it’s all about the money’ was, moreover, a fact of life that will indeed have been at the very forefront of Mr Sarkozy’s mind even as he was engaged in this open display of fury at Medvedev for the benefit of the TV cameras. Here’s why.

It had been reported on 13th April that Mr Sarkozy had banned his chief ‘spin doctor’, M. Pierre Charon, from key meetings after his disastrous handling of the uncontrolled rumours about the state of the French President’s marriage. Like Silvio Berlusconi and Gordon Brown, the woman placed at Mr Nicolas Sarkozy’s side is believed to be an intelligence operative (another prominent example being Rupert Murdoch, whose Chinese ‘replacement’ wife is known to be a Communist Chinese intelligence agent). That way, pillow talk gets delivered instantaneously to the intelligence eavesdroppers controlling the President, Prime Minister, or senior executive in question.

Carla Bruni-Sarkozy is the French President’s third wife, and she’s said to be ‘in a relationship’ with Benjamin Biolay, ‘a musician’. For his part, President Sarkozy was reported to be having an affair with the ‘Ecology Minister’, Chantal Jouannou. All concerned have denied these suggestions, but M. Charon had different ideas. A few days earlier, he responded by claiming that President Nicolas Sarkozy’s decision to exclude him from key high-level meetings might have reflected a foreign plot from ‘financial movements’ intended to discredit the French President (8).

Once again, the British newspaper missed this clue, proving that it has all along had NO CLUE about THE MONEY. There is NO WAY that M. Charon, privy to French Presidential secrets, would have made such a comment without knowing what he was talking about – not least because no-one unaware of the crisis over the money would have had any reason to make such a public comment.

Besides, President Sarkozy had made it clear on his arrival earlier in the United States that he would stay there until the Settlements payouts had been completed. He was also on record as having called Obama ‘INSANE’ – another outburst DIRECTLY CONNECTED WITH THE MONEY

SO WHAT WAS SARKOZY’S ‘FORMER’ SPIN DOCTOR SAYING, EXACTLY? For the answer to this question, we need to assemble the available information on what has been going on behind the scenes as the criminal operatives in the United States continue to defy the international community – and also powerful elements within the US structures themselves.

DIARY OF RECENT UNSPEAKABLE BEHIND-THE-SCENES EVENTS To make some sense of what has been happening, we revert to our Diary Format:
• 30 March: On the Editor’s return from New York, he is informed that ‘President Obama’ has been demanding 60% of ‘the funds’, rather than 40%. According to our sources, Mr Obama was saying essentially: ‘Pay me 60%; or you’ll get nothing’, and that Swiss authorities had refused to comply.

The only figure that we can relate to here is that tax of 35% is the figure that has always been mentioned as being the tax level payable on projected Dollar Refunding proceeds. When we enquired whether these numbers referred to tax payable or some kind of payoff, the answer we managed to extract was: “Don’t know’. Separately, we are told that Bush Sr., Carlyle (and Soros) expected to receive an aggregate $1.3 trillion – apparently in US Treasury instruments.

There is no way that such data can be verified. However what is made clear to us is that the rats were continuing to fight over splitting the money (the tax component which ‘can’t be booked’).
• 02 April: ‘President’ Barack Obama attended at Bank of America’s base in Charlotte, NC, where he signed the necessary pay orders and reportedly told the Bank(s) that they must pay and put up with the consequences. He reportedly told the CIA’s primary bank that the money they had held for the Settlements payouts and which they had instead seized and used for illicit below-the-radar trading operations, must be disgorged forthwith so that the Settlements could be effected.

(Don’t get confused: recall these people say one thing on Monday, and the opposite on Tuesday).
• 03 April: It was reported to us that Mr Paul Volcker and Timothy Geithner had held a meeting in the course of which Mr Volcker had impressed upon Mr Geithner that his best course would be to ‘allow’ the Settlements payouts and the $6.2 trillion Line Item plus the Queen’s stolen gold issue to be resolved, on the basis that the consequences would be beneficial.

Mr Geithner says for the record that meetings over the next three months would be ‘critical’ steps towards bringing about policy changes procuring a more balanced global economy. As you can see, this statement meant nothing as it stood: but reading behind the empty rhetoric, what was being said was that ‘we are in an extreme situation and we are still hoping something will turn up within three months that will ease us out of the predicament (of our own making) we find ourselves in’.
• 03 April: Citibank issues instructions restricting all withdrawals during the coming (post-Easter) week. Note: Citibank appears to be the only one of the large money center banks facing this crisis that is using its institutional brain. It is downsizing as fast as it can, with minimal explanation.
• 07 April: Former President Clinton (who, like his CIA wife, looks ill these days) was rebuffed when he surfaced during the review period in Saudi Arabia, asking for money. He met King Abdullah, the Saudi intelligence chief Prince Muqrin bin Abdulaziz, the Assistant Minister of Defence, Khaled bin Sultan, and other top Saudi officials at the King’s ranch outside Riyadh, where, according to the Saudi Press Agency (SPA), they discussed ‘issues of mutual concern’.
• 08 April: Geithner stops off in Hong Kong to meet officials including the Hong Kong Chief Executive Donald Tsang and the Financial Secretary who has the same name, John Tsang. No information was released for public consumption on what was discussed.
• 08 April: Timothy Geithner, the US Treasury Secretary (accompanied according to unconfirmed reports by his predecessor, Henry M. Paulson), were likewise rebuffed when they surfaced for a 75-minute meeting in the VIP area at Beijing Airport with the Chinese Vice Premier Wang Quishan on a similar pecuniary quest – the object of the exercise being to try to rustle up enough real money to meet the hideously pressing obligations which are being forced upon the Treasury and the White House by the Lien Holders and the international community. Associated Press failed to explain why Geithner had needed to rush to Beijing, and neither did it explain what he had been doing earlier stopping off in India (trying to collect funds, of course).

The US Treasury said in a statement that Geithner and Wang Qishan ‘exchanged views on US-China economic relations, the global economic situation and on certain issues relating to’ a forthcoming meeting scheduled for May of US and Chinese officials in Beijing.
• 08 April: The former US Treasury Secretary, John Snow, now Chairman of the Cerberus vulture fund advised by Bush Sr. Vice President Dan Quayle, visiting Shanghai accompanied by former US President George W. Bush, gave an interview in which he made some vacuous comments about Chinese currency policy. What were Snow and Bush Jr. doing in Shanghai? Trying to collect funds.
• Or else the opposite: placing restolen funds.
• 09 April: Although Michael C. Cottrell, B.A., M.S., earlier submitted the requisite form as specified by the Pennsylvania authorities with his cheque for $70.00 in payment of the necessary filing fee, the reprobate Pennsylvania Department State Corporation Bureau did not enter the necessary correction. This correction entailed the designation of Michael Cottrell in four separate entries as President, CEO, Treasurer and Secretary; and the Corporation Bureau form, provided for the purpose, enabled precisely that data to be submitted in the required format along with the fee.

Instead of performing their duty having banked the $70.00 cheque, the PA Corporation Bureau deliberately and, with malicious intent – as we have caught them out having illegally inserted the Mafioso Salvatore R DeFrancesco as Secretary of Pennsylvania Investments, Inc. – posted the following provocative ‘in-your-face’ gibberish on the Pennsylvania Investments, Inc. screen:

Name: NONE NONE Title: Secretary Address: [Address Not Available].

This is a deliberate provocation, calculated to procure the following:
• First, to obfuscate the situation further.
• Secondly, to antagonise Mr Cottrell and all trying to assist him
• Thirdly, to CONTINUE to mask the possibility that the Mafioso Salvatore R. De Francesco retains secret illegal and corrupt signatory power as fraudulent Secretary over Pennsylvania Investments, Inc., sufficient to permit the theft of the payments due to Pennsylvania Investments, Inc., in direct collaboration with the Governor of Pennsylvania and the White House.
• This scandalous state of affairs remained UNCHANGED as of 21st April 2010.
• 09 April 2010: The Bank of England holds an emergency meeting at 10.00 p.m. British time, concerning the disposition of the Settlement payments. At this crucial meeting, all outstanding issues, based on ‘assurances’ from the complicit US authorities, were supposedly ‘resolved’ – including, we were led to believe, pertinent issues surrounding the return of The Queen’s gold.

Since we were informed that ALL outstanding issues were resolved (whatever that meant in detail), it is deduced from this information that the matter of at least The Queen’s Lien on the US Treasury and the return of her $6.2 trillion LOAN pro bono publico for the private sector Dollar Refunding operation were ‘resolved’ along with the return of the gold (9).
• 09 or 10 April: The relevant funds, collected from outside the United States, and sent over via the Bank of England were delivered to US banking sector recipients, and deposited.
• 09 April: The Wall Street Journal reports:

‘In one of those rare moments of unity, the National Bank of Poland and the Polish Government agreed on the need to weaken to polish zloty, which over recent weeks has rebounded close to its pre-crisis strength… After several verbal interventions over the past few days, the central bank intervened with real money Friday, for the first time in over a decade’.
• 10 April: having placed the interests of Poland over that of the European Union Collective by stating publicly that it was ‘technologically and psychologically’ prepared to enter the currency market to prevent ‘excessive strengthening of the zloty’, the President of Poland, Franciszek Gagor, the Deputy Foreign Minister Andrzej Kremer, and the President of the National Bank of Poland, Slawomir Skrzypek, together with the other top officials including the Intelligence Chief and the Army, Navy and Air force Chiefs [see our report dated 11th April 2010] are slaughtered in the ‘accident’ near Smolensk Airport. There are unconfirmed reports of shootings having taken place while the aircraft was still in the air, and after the crash (in particular, the cold-blooded shooting of a video photographer who captured the catastrophe digitally). [See 21 April, below].
• 10-11 April: The delivered funds sent over via the Bank of England were seized by the US banks with the full participation of the White House, the Central Intelligence Agency, the National Security Agency and the National Security Council. The funds were placed into ‘lockdown’.
• 12 April: Contrary to previous assurances, Mr Obama let it be known to London that ‘we have things to do and we’re not going to release the funds’. In response, London told the White House that this was unacceptable, and that the hijacked releases and the return of the $6.2 trillion and The Queen’s gold had to be done immediately.
• 12-13 April: Bank of America (Wachovia and Wells Fargo) point blank refuse to release the funds.

As has been hinted by bankers in the past, they now said outright that if they released the funds, they would collapse. In other words, Bank of America, the CIA’s primary institution, employed for its ‘Black Operations’ financial transactions (especially via its Vienna, Austria, and Swiss branches), reneged on the understandings on the basis of which the Bank of England transferred the payout funds [see above]. [FINRA is STILL allowing Wachovia to run trading programs out of St Louis, MO].
• 13 April: The heated exchanges of hatred between Medvedev and Sarkozy in front of the world’s TV cameras [see above] take place against the background of an essentially fraudulent ‘collective nuclear accord’ ostensibly reached at the Washington Nuclear Security Summit requiring extremely expensive outlays by participating governments despite the plain fact that the colossal necessary funding for decommissioning of nuclear operations was not forthcoming.

Indeed experts say that the agreement reached was so bizarre as to suggest that participants had been promised ‘financial incentives’ to reach the ‘required’ collective accord.

Our informants on this score suggested, again, that funds may have been diverted from the Settlements pot, for this purpose. We did say that the ferocious outburst of unfettered anger between Messrs Medvedev and Sarkozy was ALL ABOUT THE MONEY. Specifically, the Nuclear Accord, signed by 49 countries, appears to have been reached with the use of money diverted from the Settlement funds. Indeed, Biden and Obama were said to be engaged in ‘deal making’ behind the scenes, using stolen funds (nuclear and financial terrorism).

In other words, these operatives’ behaviour is identical to the behaviour of the Bush Crime Family, Cheney and the Clintons (all operatives).
• In any case, there was something else that was ‘not right’ about the Nuclear Summit. Specifically, Nursultan Nazarbayev, the former Communist Party Boss in the Kazakh Soviet Socialist Republic, now a bosom pal of George W. Bush, is sitting on 14% of the world’s uranium reserves, which he is selling all over the place like hot cakes. With the proceeds of these sales and also with his energy income, Nazarbayev is engaged in the construction of a monstrous geomasonic, esoteric capital city in the north of Kazakhstan, now called Astana, which is an anagram of the Russian for Satan, satana. This city, extensively designed by the agnostic British architect, Sir Norman Foster, has a huge pyramid which implements the fabrications and tripe published by the notorious dead mason Manly P. Hall and the dead 19th century masonic necromaniac, Albert Pike. A detailed article on this nauseating extravaganza is to be published in the forthcoming issue of Soviet Analyst [Volume 31, Numbers 6 & 7]. For further background, see the Editor’s book The New Underworld Order.
• 13 April: Michele Obama, accompanied by Mrs Hillary Clinton, surfaces in Haiti – where the White House now controls the Central Bank, in lieu of its waning control over the Central Bank of Iraq [see above]. Michelle Obama then disappeared and surfaced in Mexico.

The only possible explanation for these sudden visitations is that she was engaged in placing diverted/stolen funds. Given 24/7 surveillance of corrupt financial transactions, these operations have to be done by these criminal operatives in person: which explains why so many of them have been running so frenetically around the world, as described herein.
• 14 April: The former Prime Minister of the Kingdom of Belgium, the Fleming Herman Van Rompuy, elevated above his pay-grade as the first President of Europe (in a backroom deal between France and Germany to keep the former British Prime Minister, Tony Blair, out), states that 2009 quote ‘was the first year of World Government’ unquote. This little globalist ideologue evidently believes that World Government is a ‘good thing’, forgetting that it will become a hideous dictatorship. If you have a dispute with the World Government, who do you appeal to, the Man in the Moon?
• But the real significance of this statement is as follows. In order for ‘progress’ towards ‘World Government’ (Lenin’s project) to ‘materialise’, it is necessary to have blackmailable criminalist operatives positioned in the highest slots in all the main countries of the world. 2009 was also the first year of Obama’s White House tenure, which may well prove to be spurious: in which case, all legislation that Obama signs into law will be NULL AND VOID [compare this situation with the fact that all British legislation passed since 2000 is likewise VOID: report dated 11th April [Archive]].
• So what Mr Van Rompuy was actually saying was that he welcomed the fact that the controllers of the World Revolution have successfully procured that all the top slots in the key Governments are held by criminalist operatives, or are held by blackmailable figures answerable to such forces.
• 14 April: Vice President Biden told ‘inside’ contacts and others specifically that those concerned had to be ‘in place at the banks’ because the payments would now be completed. These and other repeated high-level assurances all turned out to be lies.
• 09-14 April: Amid all this turmoil, we gathered additionally from reliable sources that:
• GRU Prime Minister Vladimir Vladimirovich Putin (Shalomov) was refusing to speak to ‘President’ Barack Obama.
• President Sarkozy’s fury wasn’t just confined to the episode at the Washington Nuclear Summit Meeting that was caught on-camera.
• When approached to disgorge some of the funny money stashed in Warsaw following the George W. Bush-era Fraudulent Finance trading fest, the Polish Government, subsequently decimated in the Tupolev air ‘accident’, had responded to the White House and the International Monetary Fund with a form of words consistent with a hand gesture using the first and second fingers.
• 14 April: All of a sudden, the International Monetary Fund announces that it had expanded its New Arrangements to Borrow (NAB) facility from the existing level of $50 billion, by $500 billion, to $550 billion. Now, you are entitled to take the Fund’s public statement covering this development at its face value, if you want to. Alternatively, you could justifiably speculate here that, given the known DUPLICATION PRINCIPLE, $500 billion of the remittances sent over by the Bank of England for the Settlements payouts was ‘suddenly’ ‘made available’ to the Fund. You would be fully entitled to be suspicious, in the light of the timing of this development.
• Meanwhile the Fund’s statement on the expansion of its New Arrangements to Borrow, released on 14th April, issued to the IMF Press Room, reads as follows:

‘The NAB is a standing set of credit arrangements under which participants commit resources to IMF lending when these are needed to supplement quota resources. The newly expanded NAB will become operational when it receives formal acceptances from the required proportion of current and potential participants, which will require legislative backing in some cases’.

‘The expansion of the NAB will make an important contribution to global financial stability, but it is not a substitute for a general increase in the Fund’s resources. The Fund is, and shall remain, a quota-based institution. It is important now that member countries rapidly take the necessary steps to make the increased resources available’.

‘The NAB is a credit arrangement between the IMF and a group of members and institutions to provide supplementary resources to the IMF when these are needed to forestall or cope with an impairment of the monetary system. The NAB is supplementary to quota resources, which are made up of the quota subscriptions that each country pays upon joining the Fund, broadly based on its relative size in the world economy. IMF quotas currently total 217.4 billion Special Drawing Rights (SDRs) (about $330 billion). Like quota allocations, the NAB is reviewed on a regular basis’.

‘The recent unprecedented shock confronting the global economy [Unspoken: due to unfettered Fraudulent Finance – Editor] has led to a sharp increase in the demand for IMF financing’.

‘To ensure that the IMF continues to have sufficient resources to meet demand, leaders of the Group of Twenty (G-20) agreed in April 2009 that immediate financing from members of $250 billion would subsequently be folded into an expanded and more flexible NAB, increased by up to $500 billion. The G-20 leaders then reaffirmed their commitment on 5th September 2009 to a tripling of the resources available to the IMF, from a pre-crisis level of about $250 million…. Pending the entering into force of the expanded NAB, the member countries have pledged more than $300 billion in immediate bilateral financing should the Fund require additional resources for lending’.

However, bearing in mind the DUPLICATION PRINCIPLE on which the shadow Fraudulent Finance system operates, the otherwise unassailable accuracy of this statement can be seen to provide cover for the sudden ‘availability’ of $500 billion, while a further $300 billion of resources is also additionally ‘available’ – close to the $1.0 trillion which we were told recently was the Settlements shortfall. Since de facto the International Monetary Fund takes orders from the White House (the CIA/NSA cadres in the basement), the foregoing formal statement can be treated as cover.
• 15 April: The Securities and Exchange Commission files its Complaint against Goldman Sachs & Co. and its employee Mr Fabrice Tourre [see our report and the complete text, posted on 18th April 2010: Archive]. We are later informed that the filing of this Complaint was a DIRECT consequence of the Complaint filed by Hodges and Associates, of Pasadena, CA, on behalf of certain CMKM victims against the Securities and Exchange Commission, and against top current and former SEC officials [see our report dated 9th January, Archive].

The SEC and personnel accepted service of the Complaint and because the SEC is an official US entity, were given 60 days to respond. Thanks to the sterling work on this matter performed by Tim Barello at, National Edition, very belatedly, a number of outlets have at last realised the significance of this case which we characterised from the outset on 9th January as the biggest legal case in world history. The CMKX victims seek $3.87 trillion in compensation, given that some 2.25 trillion of phantom CMKX shares were floated via a platform associated with the SEC itself during the corrupt Bush II Presidency.

(As you can see from a separate entry here, George W. Bush Jr. appears to be free to roam the world with his former Treasury Secretary, John Snow, having scandalously obtained the demanded immunity from prosecution provided by the World Court in the most disgraceful mass abuse of its powers since that entity was established).
• 16 April onwards: The SEC’s complaint against Goldman Sachs & Co. serves the purpose of obfuscating the CMKX/CMKM case against the Securities and Exchange Commission itself. It also serves the interests of President Obama and the Democrats, with Obama asserting that he will veto any Bill (e.g. from Senator Dodd) which does not discipline the derivatives sector. Obama appears not yet to have caught up with the fact that all securitisation is illegal under US law, so that 100% of these transactions, like legislation passed by the British Parliament since 2000, are null and void. No doubt he is being advised that this issue is academic, as all laws that Obama himself signs into law may turn out to be null and void as well, either contemporaneously or in the future, should it transpire that the man occupies the White House illegitimately.

The consequence of any such ‘finding’, by the way, would amount to treason and might trigger the ultimate penalty (even though he is a tool of the Intelligence Power and a CIA operative himself. As we know, once the Intelligence Power has ‘finished with’ an operative, it is common practice to treat him or her like dirt and to allow them to dangle and rot sine die in the wind, or jail).
• 17 April: The Wall Street Journal reports that the Dutch bank, Rabobank, has filed a further (second) lawsuit against Merrill Lynch, alleging that this entity engaged in activity comparable to Goldman Sachs’ behaviour as explained in the SEC Civil Complaint against Goldman Sachs with Paulson – i.e., devising a Collateralised Debt Obligation (CDO) on behalf of Magnetar, a hedge fund which used it to take a short position, without disclosing this material fact to the investors.

Specifically, Richard Smith wrote: ‘Merrill Lynch & Co. engaged in the “same type of fraudulent conduct” that Goldman Sachs was accused of committing by the US Securities and Exchange Commission in a lawsuit on Friday…. Lawyers for Cooperatieve Centrale Raiffeisen-Boerenleenbak BA, or Rabobank, stated that Merrill Lynch committed a similar fraud in the structuring of a $1.5 billion Collateralized Debt Obligation…’.

‘Rabobank sued Merrill Lynch in New York State Court last year, alleging it was owed about $45 million in a senior secured loan when the CDO defaulted and was liquidated in 2008. The Dutch bank claimed [that] Merrill Lynch misrepresented that the CDO was a carefully structured investment vehicle when Rabobank made a $57.7 million upfront loan in March 2007’.

‘Rabobank claims that the … CDO was a “dumping ground” for impaired subprime assets and was structured with the help of a prized Merrill Lynch hedge fund client as a bet against the mortgage backed securities market’.
• 21 April: The Editor is informed that ongoing ‘real-time’ progress towards the completion of the Settlements payouts is quote proving ‘sensitive and bloody’ unquote. The Editor queried ‘bloody’ and received confirmation that this description was both accurate and intended. The related G-20 meeting takes place at the Spring Meetings in Washington this week.

THEY ARE AVOIDING THE ELEPHANT IN THE ROOM You will of course have noticed that the SEC Complaint against Goldman Sachs and the Rabobank lawsuit, both address the evidence of Fraud in the Inducement specific to the Fraudulent Finance operations in question. What these cases don’t do is to cut through all the specifically fraudulent breaches of the US 1933 and 1934 Securities Acts etc [see Legal Notes below] and the SEC’s Rules and Regulations, by making it clear that ALL SECURITISATION UNDER U.S. LAW IS ILLEGAL, as you can see from our report dated 18th April 2010 [Archive].
• The elephant stands in every Courthouse dealing with Fraudulent Finance in the United States.
• If all securitisation is illegal, then the frauds committed within this context are of course frauds within overall frauds: a fact of immense significance and sensitivity.

This bizarre state of affairs arises from the fact that all these institutions and entities, INCLUDING THE S.E.C. ITSELF, have been systematically engaged for years in breaking the law. So if they were to concede that securitisation is illegal, WHICH IT IS, they might well fear that their cases would be thrown out by the Courts, since all contracts entered into so as to facilitate fraud and crime, are null and void. The consequences would be unimaginable.

Therefore, the avalanche of Court cases that is confidently anticipated in the aftermath of the SEC Complaint against Goldman Sachs – which will serve the interests of the Democrats this election year as well as the urgent obfuscation needs of the SEC itself – will all themselves be duplicitous, since the SEC and the institutions bringing these lawsuits will, as noted, be pin-pointing specific breaches of the Securities Acts and of SEC Rules and Regulations, when the very activity in which they were engaged was itself fraudulent and criminal in the first place under US law.

No doubt some evil brains had already worked this one out. But since the genie has long since lost sight of the bottle from which it escaped due to the exposures, you can probably see now that the entire Fraudulent Finance derivatives securitisation party resembles the assembly hall against a pillar of which Sampson leaned, when he caused the entire upper storey and roof to fall in on the complacent, jeering spectators feasting within.

GREECE AND PORTUGAL POISED TO DESTROY THE EURO Under the preceding Greek Government, Citibank, Athens, as we have long since reported, was the counterparty for illicit off-balance sheet derivatives trading operations.

In the United States, all securitisation is illegal [see report dated 18th April 2010]. But this does not apply in non-Common Law countries. Therefore, such dubious, illicit trading operations are ‘semi-legitimised’ by the foreign counterparty’s participation (in the eyes of the US perpetrators).
• As a consequence of this Fraudulent Finance activity, Greece accumulated a huge portfolio of derivative assets held off-balance sheet, which are worthless.

Having been massively engaged in similar Fraudulent Finance activity, as a willing and actively instrumental partner, only to be double-crossed and deceived like every other participating counterparty by the CIA and the Bush Crime Family, Germany has been ‘enronised’, too – and its own cupboard is accordingly bare. Therefore, Germany cannot help Greece (not least given that there are countries like Portugal which are about to ‘blow’ too). Hence, after its usual weeks of bombast, the EU Collective’s necessary decision to ‘bring in the International Monetary Fund’.

In an interview with der Spiegel, Wolfgang Schauble, the German Finance Minister, demanded that Germans should support a joint EU-IMF bailout for Greece with up to 45 billion Euros, in order to avoid a ‘financial meltdown’. And Herr Schauble made the following revealing observations, too:

‘Greece’s debts are all in Euros, but it isn’t clear who holds how much of these debts’ – because under Fraudulent Finance off-balance sheet securitisation arrangements below the radar, nobody has any information about any other tiers of participants. So the German Finance Minister clearly understands the core problem. He therefore elaborated:

‘The consequences of a national bankruptcy would be incalculable. Greece is just as systemically important as a major bank’.

Given the postponement due to the travel restrictions imposed by the stupid European authorities themselves [see above] of talks between officials from the IMF, the European Commission and the European Central Bank at the Greek Foreign Ministry on 19th April, the cost of insuring against a Greek default rocketed upwards. Specifically, five-year Greek Credit Default Swaps surged from 438.2 basis points on 16th April, to a peak level of 4.82 percentage points – meaning that it cost 482,000 Euros to insure every 10 million Euros’ worth of five-year Greek Government bonds.

Portugal’s situation is extremely precarious, with the former IMF Chief Economist, Simon Johnson, on record as stating recently that Portugal is ‘on the verge of bankruptcy’. While its public sector indebtedness, at 84% of Gross Domestic Product (GDP) this year, is lower than Greece’s 124% (2010 estimates by the European Commission), in 2008 Portuguese private sector debt reached 239% of GDP, compared to 123% for Greece. Portuguese private debt is now thought to exceed 300% of its Gross Domestic Product.

WE WARNED THIS WOULD HAPPEN IN THE RUN-UP TO 1999: IT’S ON THE RECORD Since, during the run-up to Economic and Monetary Union (EMU) in 1999, we repeatedly warned in International Currency Review that the attempt to unify divergent economies and currencies would be bound eventually to collapse, we have very little sympathy for all the hand-wringing that is now fashionable, especially by financial journalists who weren’t around when our clear warnings were published (they remain accessible, of course, in libraries around the world).

Likewise we have even less sympathy for the ideologues who are now reported to be ‘mystified’ as to why the Portuguese economy fell apart in the 1990s – with productivity at 64% of the average for the EU-15 ‘Member States’. The Europhiliacs thought that the southern European ‘Member States’’ economies would converge ‘over time’. But time has been called on their knee-jerk delusions.

A financial correspondent for The Daily Telegraph commented on 19th April:

‘This should be no surprise. A study of the Latin Monetary Union after 1865 by Kee-Hong Bae and Warren Bailey showed that there was no economic convergence for half a century. Weak states cheated, inflating stealthily by dumping silver coins on others. The project was kept alive by French subsidies. That is what haunts Germany today’.

Our heart bleeds. It is the pan-Germans who have masterminded and driven this EU project for generations, but most especially since publication of the Nazi planning compendium Europäische Wirtschaftsgemeinschaft [European Economic Community] in Berlin in 1942 [see the Editor’s works The European Union Collective and The New Underworld Order]. So what we are being told is that the Germans are having to contemplate the bitter taste of the medicine that they prescribed, in their arrogance, for the Rest of Europe.

In prescribing this medicine, they were driven by their hegemony ambitions, rather than by proper consideration of the consequences for their intended satrap EU ‘Member States’. Now, because Germany is itself the biggest storehouse of worthless derivative off-balance sheet fake assets on earth and is therefore effectively bust, it has had to concede that the International Monetary Fund must be involved – which is absolutely NOT what the pan-Germans originally had in mind. On the contrary, their ‘vision’ was that Germany should become not merely the industrial powerhouse of German-controlled Europe after stealing the industries of others, but its financial centre as well.

Given that, like the criminalist operatives at the highest levels in the United States, Germans are typically incapable of discerning when they have been defeated and their game is up, they are persisting – along with the brainwashed leaders of the satrap European ‘Member States’ – with a political project which, whether they choose to accept it or not, is doomed to eventual collapse.

The Greeks basically threatened to pull out of EMU if they didn’t get bailed out (using some pointed remarks about Nazi abuse of Greece in the past); so rather than allow the weak Greek economy to recover through an urgently necessary devaluation of their currency, to save their thick skins they prefer instead to bottle Greece up for generations in a downward spiral of deflation.

The brainwashed Greek Euro-ideologues need to seize the initiative and get out from under, even though it’s being argued, naturally, that this would bankrupt the country as the price of insuring its bonds, already through the roof, would hit the highest level of the building and emerge into the stratosphere. It’s a choice between reviving the economy through a unilateral devaluation having restored the Drachma, or painful descent towards irreversible collapse as a failed state, later.
• And although Portugal’s case is different, the same outcome basically applies.

Believe it or not, ‘Nick’ Clegg, the Liberal Democrat Euro-ideologue who has risen to the top of the British electoral pile due to the stupidity of ‘Conservative’ Central Office’ in allowing Mr Cameron to participate in these fake TV ‘Debates’, is a rabid enthusiast for Britain joining the Euro. He thinks it’s a ‘good thing’ for a country to lose control of its currency, monetary and ultimately fiscal policy. This man is extremely dangerous, a brainwashed Euro-ideologue, and as stupid and pig-headed as the pan-Germans. He can see what is happening in the Eurozone, but looks the other way.

THE IMF’S DOUBLE-TAXATION PROPOSAL FOR BANKS The IMF Press Room was electrified when the IMF released advance and leaked information from a confidential document prepared for the Group of Twenty (G-20) meeting of Finance Ministers being held this week in Washington. The International Monetary Fund has proposed the following two taxes on (corrupt) financial institutions – which are so unpopular worldwide, that the likelihood of these proposals being implemented must be rated quite high:
• A Financial Stability Contribution, which would represent a levy to finance any future support in an incipient systemic crisis.
• A Financial Activities Tax levied on the sum of profits gained at financial institutions and the remuneration of bank officers and traders. The Fund stated that this tax would be the least distortionary method of raising money from banks.

Meanwhile the latest issue of the Fund’s Global Stability Report has warned that sharply rising sovereign debt will exert further pressures on lending markets coincident with the world’s banks trying to refinance some $5.0 trillion in short-term borrowings – a round-about way of saying that a large number of banks all over the world, are bust.

But the International Monetary Fund also needs to distance itself from any residual whiff of internal corruption. One way of achieving this would be to close internal ‘offshore’ accounts held within the Fund by such dubious characters as former US Presidents, including William Jefferson Rockefeller-Clinton. We know that the dialectical, duplicity norm applies right across this sector. But one would have thought that, with all that has been revealed – and is now swamping the ‘mainstream’ media, despite its belated arrival at the party – it’s definitively clean-up time, at last.
Notes and references:

(1): Eesti Pank: Persoonid ja saladused, Urmas Kaji, Talinn, 2003, page 145.

(2): Ibid, page 140

(3): Kesknädalo, 6th December 2000.

(4): Data on Siim Kallas extracted with permission from a collection of essays by Ashley Mote, former MEP for South East England, and based on an article first published in 2008, confirmed in part by our own separate information.

(5): Weather Eye, Paul Simons, The Times, London, 19 April 2010, page 61.

(6) ‘Days are turned to nights as clouds of falling ash cover everything in sight’, Hildur Helga Sigurdardottir, reporting from Reykyavik, The Times, London, 19th April 2010.

(7): Assets Of Representative Nancy Pelosi: Democrat-CA:
• 1600 Atlas Peak Road, Napa, CA

• 235 Twelve Inc. LLC Common Stock (= 235 Second Twelve Inc. LLC)

• 25 Point Lobos, San Francisco, CA: Commercial Property

• 45 Belden Place, San Francisco, CA: 4-storey commercial building

• 723 Mule Ears Court, Norden, CA: Town home

• 820 Sir Francis Drake Blvd., San Anselmo, CA: Commercial Property

• Access Technology Partners, LP

• Adaytum Software, Inc.: Common Stock

• Advanced Fiber Communications: Public Common Stock

• Agile Software

• Alliance Gaming Corp.: Public Common Stock

• Alter Ego: Common Stock

• Public Common Stock

• America’s Common Stock

• Common Stock

•Apogee Networks, Inc.: Common Stock

•Aristotle Publishing, Inc.: Common Stock

•Ashlar, Inc.: Common Stock

•AT&T Public: Common Stock

•Atipa Fund B (see Oculan Corporation)

•Attenza, LLC: Common Stock

•Auberge du Soleil, Rutherford, CA: Owns resort hotel

•Avaya: Public Common Stock

•Bank of America, San Francisco

•Bank of America, Washington, DC

•Beacon Education Management: Common Stock

•BF Enterprises: Common Stock

•Borel Estate Company: Owns shopping center

•Briazz: Public Common Stock

•Broadcom Corp.: Public Common Stock

•Broadway Property, San Francisco, CA: Real Estate Option

•Builder’s Info. Group: Common Stock (Formerly Netclerk)

•Bullhorn (Formerly Bridgepath LLC: Common Stock)

•Calico Commerce: Public Common Stock

•Chalone Wine Group, Ltd.

•Cierra Photonics: Common Stock

•Cisco Systems, Inc.: Common Stock

•CMGI, Inc.: Common Stocks

•Co-Net (Formerly Common Stock

•Coach, Inc.: Public common stock

• Common Stock

•Collaborative Group: Common Stock

•ComCast: Public Common Stock

•Command Audio: Common Stock

•Commerce One, Inc.: Common Stock

•Congressional Credit Union, Washington, DC

•CopperCom, Inc.: Common Stock

•Covalent Technologies: Common Stock

•Critical Path Inc.: Public Common Stock

•Currenex: Common Stock (Formerly FX Trades)

•Digital Fountain: Common Stock

•Digital Intelligence (Now Picture IQCorp)

•EDI Associates, Mill Valley, CA: Hotel Investment

•Emulex: Public Common Stock

•Engage, Inc.: Common Stock

•Evident: Common Stock (Formerly Apogee)

•Fastnet: Common Stock

•Financial Leasing Services, S.F., CA: Investment company

•Forty-Five Belden Corp., S.F., CA: Investment Company

•Genetope Corp.: Public Common Stock

•Getty Images, Inc.: Public Common Stock

•Granite Ventures, LP

• Common Stock (now Unicru)

•IKnowMed Systems, Inc.

•Infospace, Inc.: Public common stock

•Interloci, LLC: Public Common Stock

•Internap Delaware: Common Stock (formerly Internap Network Services)

•Internap Network Services, LLC: Common Stock (= Internap Delaware)

•Internet Cap. Group: Public Stock

•Intraop, LLC: Common Stock

•Japan Partners: Common Stock (AKA Isochron Data Corp.)

•Jet Blue Air: Public Common Stock

•Johnson & Johnson: Public Common Stock

•Learning Technologies, Inc.- Common Stock

•LEG Partners, III, LP: Common Stock

•Liberate Technologies: Public Common Stock

•Lionis Gate Limited Partnership (Cordavalle): Golf Development Partnership

•Lucent Techonolgies: Public Common Stock (Formerly Nexabit)

•LuxN, LLC: Common Stock

•McGrath Rentcorp, Inc.: Public Common Stock

•Microsoft Corp.: Public Common Stock

•MontaVista, LLC: Common Stock

•Mosher Partners, LP, Sacramento, CA: Real Estate Partnership

•Natelli Communities: Real Estate Partnership

•Nautilus Leasing Services: Container leasing company

•Navis Holdings, LLC: Common Stock

•Net2Phone, Inc.: Public Common Stock

•Netcessity: Common Stock

•NetSchools Corp.: Common Stock (Now Plato-Common Stock)

•Niku Corp.: Public Common Stock

•Niman Ranch: Common Stock

•Nine Forty Five Battery, LLC, San Francisco, CA: Real Estate Partnership

•Nine Hundred One Battery, San Francisco, CA: Real Estate Partnership

•Oakwood Homes Corp: Bonds

•Oculan Corp: Common Stock

•Odyssey, LLC: Common stock

•Orlimar, LLC: Common Stock

• Public Common Stock

•Pacific Island Resources LLC: Common Stock

•Piatti Restaurant Co., Tiburon, CA: Restaurant Opening Company

•Picture IQ Corp.: Common Stock (AKA Digital Intelligence)

•Plato: Common Stock (Formerly Netschools: Common Stock)

•Plumtree Software, Inc.: Common Stock

•Polycom: Public Common Stock

•Potomac Investment Association, Gaithersburg, MD: Real Estate Partnership

•Procure Point: Common Stock

•QIC (Quinton Instrument Company): Public Common Stock (Now Quinton Cardiology Sys., Inc.)

•QualComm, Inc.: Public Common Stock

•Rainmaker Systems, Inc: Common Stock

•Read-Rite Corp, Inc.: Public Common Stock

•Ready Router (Now Netcessity)

•Recommender 2: Common Stock

•Redenvelope: Public Common stock

•REOF V: Real Estate Partnership

•RF Micro Devices, Inc: Public Common Stock

•Robert Half Intl., Inc.: Public Common Stock

•, LLC: Common Stock

• Public Common Stock

•Shutterfly: Common Stock

•Skellenger Lane, Rutherford, CA: 8-acre vineyard

•Slam Dunk Networks, Inc.

•Sonus Networks, Inc.-Public Stock

•Speakeasy, Inc.: Common Stock

•Spirian, LLC: Common Stock

•Stoneridge, LLC

•Sun Microsystems: Public Common Stock

•Support Inc.: Common Stock (AKA Support Soft, Inc.)

•TeraOp, LLC: Common Stock

•Thirteen Hundred One Sansome, LLC: Real Estate Partnership

•Tripath Technology, Inc.: Common Stock

•Trivium Systems, Inc: Common Stock

•Trux Gate Associates Ltd, Real Estate Partnership

•Unicru Common Stock (Formerly

•Union Bank of California, San Francisco, CA: savings account

•USA DR: Common Stock

•Vanguard Airlines, Inc: Public Common Stock

•Wells Fargo Bank, San Francisco, CA: Savings account

•Witness Sys, Inc.: Public Common Stock

•Xtreme Spectrum, Inc.: Common Stock

•Yantra Corp: Common Stock

•Yerac Associates: Investments

•Zinfandel Lane, St. Helena, CA

(8): ‘Sarkozy shuts out chief spin doctor’, report from Paris by Henry Samuel, The Daily Telegraph, 13th April 2007.

(9): It should be understood that, self-evidently, obtaining information on such sensitive issues is difficult; and, at best, the only information that may become available is couched in general terms.





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Posted in Christopher STORY, Edward Harle, Global Reports, IN MEMORIAM - Christopher STORY | Tagged: , , , , , , , , | 1 Comment »


Posted by Greg Lance - Watkins (Greg_L-W) on 18/04/2010




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

‘Seeing what’s at the end of one’s nose requires constant effort’. George Orwell.
• Please be advised that the Editor of International Currency Review and associated intelligence services cannot enter into email correspondence related to this or to any of the earlier reports.
• BOOKS: Edward Harle Limited has so far published FIVE intelligence titles: The Perestroika Deception, by Anatoliy Golitsyn; Red Cocaine, by Dr Joseph D. Douglass, Jr.; The European Union Collective, by Christopher Story; The New Underworld Order, by Christopher Story; and The Red Terror in Russia, by Sergei Melgounov. All titles are permanently in stock. We sell books DIRECT.
• ADVERTISEMENT: Details of the INTERNET SECURITY SOLUTION software offered by this service in conjunction with a donation can be accessed immediately: See the Home Page World Reports Limited serials catalogue by clicking World Reports Limited and scrolling to foot of page. Scroll to the foot of THIS page to read our extended Ad. for the INTERNET SECURITY SOLUTION.
• Christopher Story FRSA, Editor and Publisher, International Currency Review, World Reports Limited, London and New York. For earlier reports, press the ARCHIVE. Order your intelligence subscriptions and ‘politically incorrect’ [i.e., correct] intelligence books online from this website.
• CMKM/CMKX CASE DOCUMENTS: Press Archive for this report [29th January 2010] Case Number CV10-00031 JVS (MLGx): SERVICE OF CMKM.CMKX $3.87 TRILLION SUIT VS. S.E.C. You can also access the CMKM/CMKX text at: The biggest lawsuit in world legal history: The phantom share giga-scandal.
IMPLICATIONS OF THE S.E.C.’S CIVIL COMPLAINT AGAINST GOLDMAN SACHS & CO. We publish below the text of the Complaint lodged by the Securities and Exchange Commission against Goldman Sachs and Co. and a Goldman employee, Fabrice Tourre, filed with the United States Court for the Southern District of New York, on Friday 16th April 2010. This is only the first devastating development which could lead to the collapse of this institution.
• Other entities that have been engaged in similar activities are cruising for a similar bruising.

It is important to note as follows:

(1): This case PRECISELY illustrates, in many exact parallels, the accuracy of the report also dated 18th April 2010 confirming that SECURITISATION IS ILLEGAL.

(2): Specifically, this complaint reveals an ongoing alleged pattern of Fraud in the Inducement, misrepresentation of fact, an intent to deceive targeted against domestic and foreign institutional investors, a conspiracy to procure profits through deception, mail fraud, wire fraud and a general environment of Fraudulent Finance, as specifically exposed for several years by this service.

(3): See in particular: International Currency Review, First Quarter 2009 [Volume 34, Number 2], on Systemic Fraudulent Finance and the de facto (illegitimate) legitimisation of financial corruption through the operation by racketeering money institutions specialising in Fraudulent Finance of sophisticated in Ponzi schemes; edited by your correspondent:
• Architecture of the Corrupt Money Machine: The Legalisation of Financial Corruption: featuring: the Creation of Securitisation and Credit Default Swaps: Analysis by the US securities expert, Michael C. Cottrell, B.A., M.S.
• Description of the resulting derivative Financial Frauds and Scams, WITH FLOW CHARTS showing how it’s done: Analysis by the US securities expert, Michael C. Cottrell, B.A., M.S.
• Glossary of Exotic Derivatives Market Terminology compiled by the US securities expert, Michael C. Cottrell, B.A., M.S.

With appendices.

(4): The Complaint has to deal with the material issues that presuppose a likely conviction, and so SIDESTEPS the central issue exposed by the ‘securitisation is illegal’ report, which is simply that THIS ACTIVITY IS ILLEGAL.

Paragraph 73 of the Complaint [see below] alleges that the defendants, ‘in connection with the purchase or sale of securities or securities-based swap agreements, by the use of means or instrumentalities of interstate commerce or of the mails, directly or indirectly (a) employed devices, schemes or artifices to defraud; (b) made untrue statements of material facts or omissions of material facts necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading; or (c) engaged in transactions, practices or courses of business which operated or would operate as a fraud or deceit upon persons’.

(5): A German bank based in Düsseldorf, IKB Deutsche lndustriebank AG (“IKB”), lost about $150 million as a result of this alleged scam. Altogether, investors in the liabilities of ABACUS are alleged to have lost more than $1 billion.

(6): A Civil case is in fact far more prospectively devastating than a criminal case (given that the SEC is dealing with institutions as well as one individual employee to start with), because:
• The case will be decided on the basis of the PREPONDERANCE OF EVIDENCE.
• Scope arises for R.I.C.O. actions providing for awards of three times damages.
• Following conviction, the victims can sue Goldman under R.I.C.O. (three times damages).
• Following conviction, the victims of the victims can sue the first layer of victims, Goldman and the other participants as appropriate under R.I.C.O. (three times damages).
• Individual Directors, executives, securities personnel and those involved in decision-making both within Goldman Sachs & Co. and at other involved institutions, can prospectively be charged individually and severally with fraud.
• The ultimate outcome is that Goldman could be in court for the next 20 years, except that, realistically, it will in all probability cease to exist.

(7): We were authoritatively advised on Saturday 17th April 2010 that this SEC Complaint against Goldman Sachs & Co. and a named Goldman employee was specifically triggered as a DIRECT consequence of the Complaint against the Securities and Exchange Commission and individually and severally against current and former SEC officials filed by the lawyers for the CMKX victims, Hodges and Associates, of Pasadena, CA, in January [see our report dated 9th January 2010] claiming $3.87 trillion following the floating of 2.25 trillion of phantom shares.

Service of that complaint was accepted by the SEC’s Office of General Counsel both on behalf of the SEC and of current officers, while former SEC officers accepted service and had to arrange their own legal representation.
THE S.E.C.’S PRESS RELEASE RE. ITS COMPLAINT AGAINST GOLDMAN SACHS SEC Charges Goldman Sachs With Fraud in Structuring and Marketing of CDO Tied to Subprime Mortgages


Washington, D.C., April 16, 2010 — The Securities and Exchange Commission today charged Goldman, Sachs & Co. and one of its vice presidents for defrauding investors by misstating and omitting key facts about a financial product tied to subprime mortgages as the U.S. housing market was beginning to falter.

Goldman Sachs structured and marketed a synthetic collateralized debt obligation (CDO) that hinged on the performance of subprime residential mortgage-backed securities (RMBS). Goldman Sachs failed to disclose to investors vital information about the CDO, in particular the role that a major hedge fund played in the portfolio selection process and the fact that the hedge fund had taken a short position against the CDO.

“The product was new and complex but the deception and conflicts are old and simple”, said Robert Khuzami, Director of the Division of Enforcement. “Goldman wrongly permitted a client that was betting against the mortgage market to heavily influence which mortgage securities to include in an investment portfolio, while telling other investors that the securities were selected by an independent, objective third party”.

Kenneth Lench, Chief of the SEC’s Structured and New Products Unit, added:

“The SEC continues to investigate the practices of investment banks and others involved in the securitization of complex financial products tied to the U.S. housing market as it was beginning to show signs of distress”.

The SEC alleges that one of the world’s largest hedge funds, Paulson & Co., paid Goldman Sachs to structure a transaction in which Paulson & Co. could take short positions against mortgage securities chosen by Paulson & Co. based on a belief that the securities would experience credit events.

According to the SEC’s complaint, filed in U.S. District Court for the Southern District of New York, the marketing materials for the CDO known as ABACUS 2007-AC1 (ABACUS) all represented that the RMBS portfolio underlying the CDO was selected by ACA Management LLC (ACA), a third party with expertise in analyzing credit risk in RMBS.

The SEC alleges that undisclosed in the marketing materials and unbeknownst to investors, the Paulson & Co. hedge fund, which was poised to benefit if the RMBS defaulted, played a significant role in selecting which RMBS should make up the portfolio.

The SEC’s complaint alleges that after participating in the portfolio selection, Paulson & Co. effectively shorted the RMBS portfolio it helped select by entering into credit default swaps (CDS) with Goldman Sachs to buy protection on specific layers of the ABACUS capital structure. Given that financial short interest, Paulson & Company had an economic incentive to select RMBS that it expected to experience credit events in the near future. Goldman Sachs did not disclose Paulson & Co.’s short position or its role in the collateral selection process in the term sheet, flip book, offering memorandum, or other marketing materials provided to investors.

The SEC alleges that Goldman Sachs Vice President Fabrice Tourre was principally responsible for ABACUS 2007-AC1. Mr Tourre structured the transaction, prepared the marketing materials, and communicated directly with investors. Tourre allegedly knew of Paulson & Co.’s undisclosed short interest and role in the collateral selection process. In addition, he misled ACA into believing that Paulson & Co. invested approximately $200 million in the equity of ABACUS, indicating that Paulson & Co.’s interests in the collateral selection process were closely aligned with ACA’s interests. In reality, however, their interests were sharply conflicting.

According to the SEC’s complaint, the deal closed on April 26, 2007, and Paulson & Co. paid Goldman Sachs approximately $15 million for structuring and marketing ABACUS. By Oct. 24, 2007, 83 percent of the RMBS in the ABACUS portfolio had been downgraded and 17 percent were on negative watch. By Jan. 29, 2008, 99 percent of the portfolio had been downgraded.

Investors in the liabilities of ABACUS are alleged to have lost more than $1 billion.

The SEC’s complaint charges Goldman Sachs and Tourre with violations of Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934, and Exchange Act Rule 10b-5. The Commission seeks injunctive relief, disgorgement of profits, prejudgment interest, and financial penalties.

For more information about this enforcement action, contact: Lorin L. Reisner Deputy Director, SEC Enforcement Division
(202) 551-4787.

Kenneth R. Lench Chief, Structured and New Products Unit, SEC Enforcement Division
(202) 551-4938.

Reid A. Muoio Deputy Chief, Structured and New Products Unit, SEC Enforcement Division
(202) 551-4488






COMPLAINT [Securities Fraud]



Jury Trial Demanded
Plaintiff, the United States Securities and Exchange Commission (“Commission”) alleges as follows against the defendants named above.


1. The Commission brings this securities fraud action against Goldman, Sachs & Co. (“GS&Co”) and a GS&Co employee, Frabrice Tourre (“Tourre”), for making materially misleading statements and omissions in connection with a synthetic collateralized debt obligation (“CDO”) GS&Co structured and marketed to investors.

This synthetic CDO, ABACUS 2007-AC1, was tied to the performance of subprime residential mortgage-backed securities (“RMBS”) and was structured and marketed by GS&Co in early 2007 when the United States housing market and related securities were beginning to show signs of distress. Synthetic CDOs like ABACUS 2007-AC1 contributed to the recent financial crisis by magnifying losses associated with the downturn in the United States housing market.

2. GS&Co marketing materials for ABACUS 2007-AC1 – including the term sheet, flip book and offering memorandum for the CDO – all represented that the reference portfolio of residential mortgage-backed securitiesunderlying the CDO was selected by ACA Management LLC (“AC.A.”), a third-party with experience analyzing credit risk in RMBS. Undisclosed in the marketing materials and unbeknownst to investors, a large hedge fund, Paulson & Co. Inc. (“Paulson”), with economic interests directly adverse to investors in the ABACUS 2007-AC1 CDO, played a significant role in the portfolio selection process.

After participating in the selection of the reference portfolio, Paulson effectively shorted the residential mortgage-backed securities portfolio it helped select by entering into credit default swaps (“CDS”) with GS&Co to buy protection on specific layers of the ABACUS 2007-AC1 capital structure. Given its financial short interest, Paulson had an economic incentive to choose RMBS that it expected to experience credit events in the near future, GS&Co did not disclose Paulson’s adverse economic interests or its role in the portfolio selection process in the term sheet, flip book, offering memorandum or other marketing materials provided to investors.

3. In sum, GS&Co arranged a transaction at Paulson’s request in which Paulson heavily influenced the selection of the portfolio to suit its economic interests, but failed to disclose to investors, as part of the description of the portfolio selection process contained in the marketing materials used to promote the transaction, Paulson’s role in the portfolio selection process or its adverse economic interests.

4. Tourre was principally responsible for ABACUS 2007-AC1. Tourre devised the transaction, prepared the marketing materials and communicated directly with investors. Tourre knew of Paulson’s undisclosed short interest and its role in the collateral selection process. Tourre also misled ACA into believing that Paulson invested approximately $200 million in the equity of ABACUS 2007-AC1 (a long position) and, accordingly, that Paulson’s interests in the collateral section process were aligned with ACA’s when in reality Paulson’s interests were sharply conflicting.

5. The deal closed on April 26,2007. Paulson paid GS&Co approximately $15 million for structuring and marketing ABACUS 2007-AC1. By October 24, 2007, 83% of the RMBS in the ABACUS 2007-AC1 portfolio had been downgraded and 17% were on negative watch. By January 29, 2008, 99% of the portfolio had been downgraded. As a result, investors in the ABACUS 2007-AC1 CDO lost over $l billion. Paulson’s opposite CDS positions yielded a profit of approximately $l billion for Paulson.

6. By engaging in the misconduct described herein, GS&Co and Tourre directly or indirectly engaged in transactions, acts, practices and a course of business that violated Section 17(a) of the Securities Act of l933, 15 U.S.C. §77q(a) (“the Securities Act”), Section l0(b) of the Securities Exchange Act of 1934, 15 U.S.C. §78j(b) (“the Exchange Act”) and Exchange Act Rule l0b-5, 17 C.F.R. §240.10b-5. The Commission seeks injunctive relief, disgorgement of profits, prejudgment interest, civil penalties and other appropriate and necessary equitable relief from both defendants.


7. This Court has jurisdiction over this action pursuant to Sections 2l(d), 21(e), and 27 of the Exchange Act [l5 U.S.C. §§ 78u(d), 78u(e), and 78aa]. Each defendant directly or indirectly, made use of the means or instruments of interstate commerce, or of the mails, or the facilities of a national securities exchange in connection with the transactions, acts, practices, and courses of business alleged herein. Certain of the acts, practices, and courses of conduct constituting the violations of law alleged herein occurred within this judicial district.


8. Goldman, Sachs & Co. is the principal United States broker-dealer of The Goldman Sachs Group, Inc., a global investment banking, securities and investment management firm headquartered in New York City. GS&Co structured and marketed ABACUS 2OO7-AC1.

9. Fabrice Tourre, age 31, is a registered representative with GS&Co. Tourre was the GS&Co employee principally responsible for the structuring and marketing of ABACUS 2007-AC1, Tourre worked as a Vice President on the structured product correlation trading desk at GS&Co headquarters in New York City during the relevant period.

Tourre presently works in London as an Executive Director of Goldman Sachs lnternational.



10. GS&Co’s structured product correlation hading desk was created in and around late 2004/early 2005. Among the services it provided was the structuring and marketing of a series of synthetic CDOs called “ABACUS” whose performance was tied to RMBS. GS&Co sought to protect and to expand this profitable franchise in a competitive market throughout the relevant period. According to an internal GS&Co memorandum to the Goldman Sachs

Mortgage Capital Committee (“MCC”) dated March 12, 2007, the “ability to structure and execute complicated transactions to meet multiple clients’ needs and objectives is key for our franchise”, and “[e]xecuting this transaction [ABACUS 2007-AC1] and others like it helps position Goldman to compete more aggressively in the growing market for synthetics written on structured products”.


11. Paulson & Co. Inc. (“Paulson”) is a hedge fund founded in 1994. Beginning in 2006, Paulson created two funds, known as the Paulson Credit Opportunity Funds, which took a bearish view on subprime mortgage loans by buying protection through CDS on various debt securities.

A CDS is an over-the-counter derivative contract under which a protection buyer makes periodic premium payments and the protection seller makes a contingent payment if a reference obligation experiences a credit event.

12. RMBS are securities backed by residential mortgages. Investors receive payments out of the interest and principal on the underlying mortgages. Paulson developed an investment strategy based upon the belief that, for a variety of reasons, certain mid-and-subprime RMBS rated “Triple B”, meaning bonds rated “BBB” by S&P or “Baa2” by Moody’s, would experience credit events.

The Triple B tranche is the lowest investment grade RMBS and, after equity, the first part of the capital structure to experience losses associated with a deterioration of the underlying mortgage loan portfolio.

13. CDOs are debt securities collateralized by debt obligations including RMBS. These securities are packaged and generally held by a special purpose vehicle (“SPV”) that issues notes entitling their holders to payments derived from the underlying assets. In a synthetic CDO, the SPV does not actually own a portfolio of fixed income assets, but rather enters into CDSs that reference the performance of a portfolio (the SPV does hold some collateral securities separate from the reference portfolio that it uses to make payment obligations).

14. Paulson came to believe that synthetic CDOs whose reference assets consisted of certain Triple B-rated mid-and-subprime RMBS would experience significant losses and, under certain circumstances, even the more senior AAA-rated tranches of these so-called “mezzanine” CDOs would become worthless.


15. Paulson performed an analysis of recent-vintage Triple B-rated RMBS and identified various bonds it expected to experience credit events. Paulson then asked GS&Co to help it to purchase protection, through the use of CDS, on the RMBS it had adversely selected, meaning chosen in the belief that the bonds would experience credit events’

16. Paulson discussed with GS&Co possible transactions in which counterparties to its short positions might be found. Among the transactions considered were synthetic CDOs whose performance was tied to Triple B-rated RMBS.

Paulson discussed with GS&Co the creation of a CDO that would allow Paulson to participate in selecting a portfolio of reference obligations and then effectively short the RMBS portfolio it helped select by entering into CDS with GS&Co to buy protection on specific layers of the synthetic CDO’s capital structure.

17. A Paulson employee explained the investment opportunity as of January 2007 as follows:

“It is true that the market is not pricing the subprime RMBS wipeout scenario.

In my opinion this situation is due to the fact that rating agencies, CDO managers and underwriters have all the incentives to keep the game going, while ‘real money’ investors have neither the analytical tools nor the institutional framework to take action before the losses that one could anticipate based [on] the ‘news’ available everywhere are actually realized”.

18. At the same time, GS&Co recognized that market conditions were presenting challenges to the successful marketing of CDO transactions backed by mortgage-related securities.

For example, portions of an email in French and English sent by Tourre to a friend on January 23, 2007 stated, in English translation where applicable:

‘More and more leverage in the system, The whole building is about to collapse anytime now. Only potential survivor, the fabulous Fab[rice Tourre]… standing in the middle of all these complex, highly leveraged, exotic trades he created without necessarily understanding all of the implications of those monstrosities!!!”

Similarly, an email on February 11, 2OO7 to Tourre from the head of the GS&Co shuctured product correlation trading desk stated in part, “the CDO biz is dead we don’t have a lot of time Ieft”.


19. GS&Co and Tourre knew that it would be difficult, if not impossible, to place the liabilities of a synthetic CDO if they disclosed to investors that a short investor, such as Paulson, played a significant role in the collateral selection process.

By contrast, they knew that the identification of an experienced and independent third-party collateral manager as having selected the portfolio would facilitate the placement of the CDO liabilities in a market that was beginning to show signs of distress.

20. GS&Co also knew that at least one significant potential investor, IKB Deutsche lndustriebank AG (“IKB”), was unlikely to invest in the liabilities of a CDO that did not utilize a collateral manager to analyze and select the reference portfolio.

21. GS&Co therefore sought a collateral manager to play a role in the transaction proposed by Paulson. Contemporaneous internal correspondence reflects that GS&Co recognized that not every collateral manager would “agree to the type of names [of RMBS] Paulson want[s] to use” and put its “name at risk…on a weak quality portfolio”.

22. In or about January 2007, GS&Co approached ACA and proposed that it serve as the “Portfolio Selection Agent” for a CDO transaction sponsored by Paulson. ACA previously had constructed and managed numerous CDOs for a fee.

As of December 31, 2006, ACA had closed on 22 CDO transactions with underlying portfolios consisting of $15.7 billion of assets.

23. Internal GS&Co communications emphasized the advantages from a marketing perspective of having ACA associated with the transaction. For example, an internal email from Tourre dated February 7,20A7 , stated:

“One thing that we need to make sure ACA understands is that we want their name on this transaction. This is a transaction for which they are acting as portfolio selection agent, this will be important that we can use ACA’s branding to help distribute the bonds”.

24. Likewise, an internal GS&Co memorandum to the Goldman Sachs MCC dated March 12, 2007 described the marketing advantages of ACA’s “brand-name” and “credibility”:

“We expect the strong brand-name of ACA as well as our market-leading position in synthetic CDOs of structured products to result in a successful offering.”

“We expect that the role of ACA as Portfolio Selection Agent will broaden the investor base for this and future ABACUS offerings. We intend to target suitable structured product investors who have previously participated in ACA-managed cashflow CDO transactions or who have previously participated in prior ABACUS transactions. We expect to leverage ACA’s credibility and franchise to help distribute this Transaction”.


25. In late 2006 and early 2407, Paulson performed an analysis of recent-vintage Triple B RMBS and identified over 100 bonds it expected to experience credit events in the near future.

Paulson’s selection criteria favored RMBS that included a high percentage of adjustable rate mortgages, relatively low borrower FICO scores, and a high concentration of mortgages in states like Arizona, California, Florida and Nevada that had recently experienced high rates of home price appreciation. Paulson informed GS&Co that it wanted the reference portfolio for the contemplated transaction to include the RMBS it identified or bonds with similar characteristics.

26. On January 8, 2007, Tourre attended a meeting with representatives from Paulson and ACA at Paulson’s offices in New York City to discuss the proposed transaction.

27. On January 9, 2A07, GS&Co sent an email to ACA with the subject line, “Paulson Portfolio”. Attached to the email was a list of 123 2006 RMBS rated Baa2. On January 9, 20O7, ACA performed an “overlap analysis” and determined that it previously had purchased 62 of the 123 RMBS on Paulson’s list at the same or lower ratings.

28. On January 9, 2007, GS&Co informed ACA that Fabrice Tourre was “very excited by the initial portfolio feedback”.

29. On January 10, 2007, Tourre sent an email to ACA with the subject line, “Transaction Summary”. The text of Tourre’s email began: “we wanted to summarize ACA’s proposed role as ‘Portfolio Selection Agent’ for the transaction that would be sponsored by Paulson & Co. (the ‘Transaction Sponsor’)”. The email continued in relevant part, “[s]tarting portfolio would be ideally what the Transaction Sponsor shared, but there is flexibility around the names”.

30. On January 22, 2007, ACA sent an email to Tourre and others at GS&Co with the subject line, “Paulson Portfolio l-22-10.x1s”. The text of the email began: “Attached please find a worksheet with 86 sub-prime mortgage positions that we would recommend taking exposure to synthetically. Of the 123 names that were originally submitted to us for review, we have included only 55”.

31. On January 27, 2007, ACA met with a Paulson representative in Jackson Hole, Wyoming, and they discussed the proposed transaction and reference portfolio. The next day, on January 28, 2007, ACA summarized the meeting in an email to Tourre. Tourre responded via email later that day: “This is confirming my initial impression that [Paulson] wanted to proceed with you subject to agreement on portfolio and compensation structure”.

32. On February 2, 2007, Paulson, Tourre and ACA met at ACA’s offices in New York City to discuss the reference portfolio. Unbeknownst to ACA at the time, Paulson intended to effectively short the RMBS portfolio it helped select by entering into CDS with GS&Co to buy protection on specific layers of the synthetic CDO’s capital structure. Tourre and GS&Co, of course, were fully aware that Paulson’s economic interests with respect to the quality of the reference portfolio were directly adverse to CDO investors. During the meeting, Tourre sent an email to another GS&Co employee stating: “I am at this ACA Paulson meeting, this is surreal”.

Later the same day, ACA emailed Paulson, Tourre, and others at GS&Co a list of 82 RMBS on which Paulson and ACA concurred, plus a list of 2l “replacement” RMBS. ACA sought Paulson’s approval of the revised list, asking: “Let rne know if these work for you at the Baa2 level”.

33. On February 5, 2007, Paulson sent an email to ACA, with a copy to Tourre, deleting eight RMBS recommended by ACA, leaving the rest, and stating that Tourre agreed that 92 bonds were a sufficient portfolio,

34. On February 5, 2007, an internal ACA email asked: “Attached is the revised portfolio that Paulson would like us to commit to – all names are at the Baa2 level. The final portfolio will have between 80 and these 92 names. Are ‘we’ ok to say yes on this portfolio?”

The response was: “Looks good to me. Did [Paulson] give a reason why they kicked out all the Wells [Fargo] deals?” Wells Fargo was generally perceived as one of the higher-quality subprime loan originators.

35. On or about February 26, 2007, after further discussion, Paulson and ACA came to an agreement on a reference portfolio of 90 RMBS for ABACUS 2007-AC1 .


36. GS&Co’s marketing materials for ABACUS 2007-AC1 were false and misleading because they represented that ACA selected the reference portfolio while omitting any mention that Paulson, a party with economic interests adverse to CDO investors, played a significant role in the selection of the reference portfolio.

37. For example, a 9-page term sheet for ABACUS 2007-AC1 finalized by GS&Co on or about February 26, 2007, described ACA as the “Portfolio Selection Agent” and stated in bold print at the top of the first page that the reference portfolio of RMBS bad been “selected by ACA”.

This document contained no mention of Paulson, its economic interests in the transaction, or its role in selecting the reference portfolio.

38. Similarly, a 65-page flip book for ABACUS 2007-AC1 finalized by GS&Co on or about February 26, 2007 represented on its cover page that the reference portfolio of RMBS had been “selected by ACA Management, LLC”. The flip book included a 28-page overview of ACA describing its business strategy, senior management team, investment philosophy, expertise, hack record and credit selection process, together with a 7-page section of biographical information on ACA officers and employees. Investors were assured that the party selecting the portfolio had an “alignment of economic interest” with investors. This document contained no mention of Paulson, its economic interests in the transaction, or its role in selecting the reference portfolio.

39. Tourre had primary responsibility for preparing the term sheet and flip book.

40. The Goldman Sachs MCC, which included senior-level management of GS&Co, approved the ABACUS 2007-AC1 on or about March 12, 2007. GS&Co expected to earn between $15-and-$20 million for structuring and marketing ABACUS 2007-AC1.

41. On or about April 26, 2007, GS&Co finalized a 178-page offering memorandum for ABACUS 2007-AC1. The cover page of the offering memorandum included a description of ACA as “Portfolio Selection Agent”. The Transaction Overview, Summary and Portfolio Selection Agent sections of the memorandum all represented that the reference portfolio of RMBS had been selected by ACA. This document contained no mention of Paulson, its economic interests in the transaction, or its role in selecting the reference portfolio.

42. Tourre reviewed at least the Summary section of the offering memorandum before it was sent to potential investors.

43. Although the marketing materials for ABACUS 2007-AC1 made no mention of Paulson or of its role in the transaction, internal GS&Co communications clearly identified Paulson, its economic interests, and its role in the transaction. For example, the March 12, 2007 MCC memorandum describing the transaction stated: “Goldman is effectively working an order for Paulson to buy protection on specific layers of the [ABACUS 2007-] AC1 capital structure”.


44. GS&Co also misled ACA into believing that Paulson was investing in the equity of ABACUS 2007-AC1 and therefore shared a long interest with CDO investors. The equity tranche is at the bottom of the capital structure and is the first to experience losses associated with any deterioration in the performance of the underlying RMBS. Equity investors therefore have an economic interest in the successful performance of a reference RMBS portfolio. As of early 2007, ACA had participated in a number of CDO transactions involving hedge funds that invested in the equity tranche.

45. Had ACA been aware that Paulson was taking a short position against the CDO, ACA would have been reluctant to allow Paulson & Co. to occupy an influential role in the selection of the reference portfolio because it would present serious reputational risk to ACA, which was in effect endorsing the reference portfolio. ln fact, it is unlikely that ACA would have served as portfolio selection agent had it known that Paulson was taking a significant short position instead of a long equity stake in ABACUS 2007-AC1. Tourre and GSSCo were responsible for ACA’s misimpression that Paulson had a long position, rather than a short position, with respect to the CDO.

46. On January 8, 2007, Tourre attended a meeting with representatives from Paulson and ACA at Paulson’s offices in New York City to discuss the proposed transaction. Paulson & Co.’s economic interest was unclear to ACA, which sought further clarification from GS&Co. Later that day, ACA sent a GS&Co sales representative an email with the subject line “Paulson meeting” that read:

“I have no idea how it went – I wouldn’t say it went poorly, not at all, but I think it didn’t help that we didn’t know exactly how they [Paulson] want to participate in the space.

Can you get us some feedback?”

47. On January 10, 2007, Tourre emailed ACA a “Transaction Summary ”that included a description of Paulson as the “Transaction Sponsor” and referenced a “Contemplated Capital Structure” with a “[0]% – [9]%: pre-committed first loss” as part of the Paulson deal structure.

The description of this “[0]% – [9]%” tranche at the bottom of the capital structure was consistent with the description of an equity tranche and ACA reasonably believed it to be a reference to the equity tranche. In fact, GS&Co never intended to market to anyone a “[0]% – [9]%” first loss equity tranche in this transaction.

48. On January 12, 2007, Tourre spoke by telephone with ACA about the proposed transaction. Following that conversation, on January l4, 20O7, ACA sent an email to the GS&Co sales repres- entative raising questions about the proposed transaction and referring to Paulson’s equity interest. The email, which had the subject line “Call with Fabrice [Tourre] on Friday”, read in pertinent part:

“I certainly hope I didn’t come across too antagonistic on the call with Fabrice [Torre] last week but the structure looks difficult from a debt investor perspective. I can understand Paulson’s equity perspective but for us to put our name on something, we have to be sure that it enhances our reputation”.

49. On January 16, 2007, the GS&Co sales representative forwarded that email to Tourre. As of that date, Tourre knew, or was reckless in not knowing, that ACA had been misled into believing Paulson intended to invest in the equity of ABACUS 2007-AC1.

50. Based upon the January l0, 2007, “Transaction Summary” sent by Tourre, the January 12,2007 telephone call with Tourre and continuing communications with Tourre and others at GS&Co, ACA continued to believe through the course of the transaction that Paulson would be an equity investor in ABACUS 2007-AC1.

51. On February 12, 2007, ACA’s Commitments Committee approved the firm’s participation in ABACUS as portfolio selection agent. The written approval memorandum described Paulson’s role as follows: “The hedge fund equity investor wanted to invest in the 0%-9% tranche of a static mezzanine ABS CDO backed 100% by subprime residential mortgage securities”.

Handwritten notes from the meeting reflect discussion of “portfolio selection work with the equity investor.”



52. IKB is a commercial bank headquartered in Düsseldorf. Germany. Historically, IKB specialized in lending to small and medium-sized companies. Beginning in and around 2002, IKB, for itself and as an advisor, was involved in the purchase of securitized assets referencing, or consisting of, consumer credit risk including RMBS CDOs backed by U.S. mid-and-subprime mortgages.

IKB’s former subsidiary, IKB Credit Asset Management, provided investment advisory services to various purchasing entities participating in a commercial paper conduit known as the “Rhineland programme conduit”.

53. The identity and experience of those involved in the selection of CDO portfolios was an important investment factor for IKB, In late 2006, IKB informed a GS&Co sales representative and Tourre that it was no longer comfortable investing in the liabilities of CDOs that did not utilize a collateral manager, meaning an independent third-party with knowledge of the U.S. housing market and expertise in analyzing RMBS. Tourre and GS&Co knew that ACA was a collateral manager likely to be acceptable to IKB.

54. In February, March and April 2007, GS&Co sent IKB copies of the ABACUS 2007-AC1 term sheet, flipbook and offering memorandum, all of which represented that the RMBS portfolio had been selected by ACA and omitted any reference to Paulson & Co., its role in selecting the reference portfolio and its adverse economic interests. Those representations and omissions were materially false and misleading because, unbeknownst to IKB, Paulson & Co. played a significant role in the collateral selection process and had financial interests in the transaction directly adverse to IKB. Neither GS&Co nor Tourre informed IKB of Paulson & Co.’s participation in the collateral selection process and its adverse economic interests.

55. The first written marketing materials for ABACUS 2007-AC1 were distributed on February 15, 2007, when GS&Co emailed a preliminary term sheet and reference portfolio to the GS&Co sales representative covering IKB. Tourre was aware these materials would be delivered to IKB.

56. On February 19, 2007, the GS&Co sales representative forwarded the marketing materials to IKB, explaining via email: “Attached are details of the ACA trade we spoke about with Fabrice [Toune] in which you thought the AAAs would be interesting”.

57. Tourre maintained direct and indirect contact with IKB in an effort to close the deal. This included a March 6, 2007 email to the GS&Co sales representative for IKB representing that:

“This is a portfolio selected by ACA . . .”. Tourre subsequently described the portfolio in an intemal GS&Co email as having been “selected by ACA/Paulson”.

58. ABACUS 2007-AC1 closed on or about April 26, 2007. IKB bought $50 million worth of Class A-l notes at face value. The Class A-l Notes paid a variable interest rate equal to LIBOR plus 85 basis points and were rated Aaa by Moody’s Investors Services, Inc. (“Moody’s”) and AAA by Standard & Poor’s Ratings & Services (“S&P”). IKB bought $100 million worth of Class A-2 Notes at face value. The Class A-2 Notes paid a variable interest rate equal to LIBOR plus 110 basis points and were rated Aaa by Moody’s and AAA by S&P.

59. The fact that the portfolio had been selected by an independent third-party with experience and economic interests aligned with CDO investors was important to IKB. IKB would not have invested in the transaction had it known that Paulson played a significant role in the collateral selection process while intending to take a short position in ABACUS 2007- AC1. Among other things, the knowledge of Paulson’s role would have seriously undermined IKB’s confidence in the portfolio selection process and led senior IKB personnel to oppose the transaction.

60. Within months of closing, ABACUS 2007-AC1’s Class A-l and A-2 Notes were nearly worthless. IKB lost almost all of its $150 million investment. Most of this money was ultimately paid to Paulson in a series of transactions between GS&Co and Paulson.


61. ACA’s parent company, ACA Capital Holdings, Inc. ( “ACA Capital”), provided financial guaranty insurance on a variety of structured finance products including RMBS CDOs, through its wholly-owned subsidiary, ACA Financial Guaranty Corporation. On or about May 31, 2007, ACA Capital sold protection or “wrapped” the $909 million super senior tranche of ABACUS 2007-AC1, meaning that it assumed the credit risk associated with that portion of the capital structure via a CDS in exchange for premium payments of approximately 50 basis points per year.

62. ACA Capital was unaware of Paulson’s short position in the transaction. It is unlikely that ACA Capital would have written protection on the super senior tranche if it had known that Paulson, which played an influential role in selecting the reference portfolio, had taken a significant short position instead of a long equity stake in ABACUS 2007-ACL.

63. The super senior transaction with ACA Capital was intermediated by ABN AMRO Bank N.V(“ABN”), which was one of the largest banks in Europe during the relevant period.

This meant that, through a series of CDS between ABN and Goldman and between ABN and ACA that netted ABN premium payments of approximately 17 basis points per year, ABN assumed the credit risk associated with the super senior portion of ABACUS 2007-AC1’s capital structure in the event ACA Capital was unable to pay.

64. GS&Co sent ABN copies of the ABACUS 2007-AC1 term sheet, flipbook and offering memorandum, all of which represented that the RMBS portfolio had been selected by ACA and omitted any reference to Paulson’s role in the collateral selection process and its adverse economic interest. Tourre also told ABN in emails that ACA had selected the portfolio. These representations and omissions were materially false and misleading because, unbeknownst to ABN, Paulson played a significant role in the collateral selection process and had a financial interest in the transaction that was adverse to ACA Capital and ABN.

65. At the end of 2007, ACA Capital was experiencing severe financial difficulties.

In early 2008, ACA Capital entered into a global settlement agreement with its counterparties to effectively unwind approximately $69 billion worth of CDSs, approximately $26 billion of which were related to 2005-06 vintage subprime RMBS. ACA Capital is currently operating as a run-off financial guaranty insurance company.

66. In late 2007, ABN was acquired by a consortium of banks that included the Royal Bank of Scotland (“RBS”). On or about August 7, 2008, Royal Bank of Scotland unwound ABN’s super senior position in ABACUS 2007-AC1 by paying GS&Co $840,909,090. Most of this money was subsequently paid by GS&Co to Paulson.



Section 17(a) of the Securities Act

Paragraphs l-66 are realleged and incorporated herein by reference.

68. GS&Co and Tourre each violated Section l7(a)(1), (2) and (3) of the Exchange Act [15 U.S.C. § 77q(a)(1), (2) & (3)].

69. As set forth above, Goldman and Tourre, in the offer or sale of securities or securities-based swap agreements, by the use of means or instruments of interstate comrnerce or by the mails, directly or indirectly (a) employed devices, schemes or artifices to defraud; (b) obtained money or property by means of untrue statements of material facts or omissions of material facts necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading; or (c) engaged in transactions, practices or courses of business which operated or would operate as a fraud or deceit upon purchasers of securities.

70. GS&Co and Tourre knowingly, recklessly or negligently misrepresented in the term sheet, flipbook and offering memorandum for ABACUS 2007-AC1 that the reference portfolio was selected by ACA without disclosing the significant role in the portfolio selection process played by Paulson, a hedge fund with financial interests in the transaction directly adverse to IKB, ACA Capital and ABN. GS&Co and Tourre also knowingly, recklessly or negligently misled ACA into believing that Paulson invested in the equity of ABACUS 2007-AC1 and, accordingly, that Paulson & Co.’s interests in the collateral section process were closely aligned with ACA’s when in reality their interests were sharply conflicting.


Section 10(b) and Rule 10-b(5) of the Exchange Act

71. Paragraphs 1-70 are realleged and incorporated herein by reference.

72. GS&Co and Tourre each violated Section l0(b) of the Exchange Act [5 U.S.C § 78j&)l and Rule l0b-5 [17 C.F.R. § 240.10b-5].

73. As set forth above, GS&Co and Tourre, in connection with the purchase or sale of securities or securities-based swap agreements, by the use of means or instrumentalities of interstate commerce or of the mails, directly or indirectly (a) employed devices, schemes or artifices to defraud; (b) made untrue statements of material facts or omissions of material facts necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading; or (c) engaged in transactions, practices or courses of business which operated or would operate as a fraud or deceit upon persons.

74. GS&Co and Tourre knowingly or recklessly misrepresented in the term sheet flip book and offering memorandum for ABACUS 2007-ACl that the reference portfolio was selected by ACA without disclosing the significant role in the portfolio selection process played by Paulson, a hedge fund with financial interests in the transaction adverse to IKB, ACA Capital and ABN. GS&Co and Tourre also knowingly or recklessly misled ACA into believing that Paulson invested in the equity of ABACUS 2007-AC1 and, accordingly, that Paulson’s interests in the collateral section process were closely aligned with ACA’s when in reality their interests were sharply conflicting.


WHEREFORE, the Commission respectfully requests that this Court enter a judgment:

A. Finding that GS&Co and Tourre each violated the Federal securities laws and the Commission rule alleged in this Complaint;

B. Permanently restraining and enjoining GS&Co and Tourre from violating Section 17(a) of the Securities Act [15 U.S.C. §77q(a)], Section 10(b) of the Exchange Act [1s U.S.C. § 78j(b)] and Exchange Act Rule l0b-5 [17 C.F.R § 240.10b-5];

C. Ordering GS&Co and Tourre to disgorge all illegal profits that they obtained as a result of their fraudulent misconduct, acts or courses of conduct described in this Complaint, and to pay prejudgment interest thereon;

D. Imposing civil monetary penalties on GS&Co and Tourre pursuant to Section 20(d)(2) of the Securities Act [15 U.S.C. § 77t (d)(2)] and Section 21(d)(3) of the Exchange Act [l5 U.S.C. §78u(d)(3)]; and:

E. Granting such equitable relief as may be appropriate or necessary for the benefit of investors pursuant to Section 2l(d)(5) of the Exchange Act [5 U.S.C. §78u(d)(5)].

Dated: Washington, D.C.

April 16,2010

Respectfully submitted [signed]

Andrew M. Calamari (AC-4864) Richard E. Simpson (RS 5859) Reid A. Muoio (RM 2274)

Kenneth Lench Cheryl J. Scarboro James A. Kidney Jeffrey Tao Jason Anthony Nicole C. Kelly Jeff Leasure

Securities and Exchange Commission IOO F St., NE Washington, D.C. 20549-4010
(202) 551-4492 (Simpson)

LEGAL TUTORIAL: The Steps of Common Fraud:

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

Step 2: Fraud in Fact by Deceit (Obfuscation and Denial) and Theft:
• “ACTUAL FRAUD. Deceit. Concealing something or making a false representation with an evil intent [scanter] when it causes injury to another…”. Source: Steven H. Gifis, ‘Law Dictionary’, 5th Edition, Happauge: Barron’s Educational Series, Inc., 2003, s.v.: ‘Fraud’.
• “THE TORT OF FRAUDULENT DECEIT… The elements of actionable deceit are: A false representation of a material fact made with knowledge of its falsity, or recklessly, or without reasonable grounds for believing its truth, and with intent to induce reliance thereon, on which plaintiff justifiably relies on his injury…”. Source: Steven H. Gifis, ‘Law Dictionary’, 5th Edition, Happauge: Barron’s Educational Series, Inc., 2003, s.v.: ‘Deceit’.

Step 3: Theft by Deception and Fraudulent Conveyance:

• “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… 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’.

• 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.

• Annunzio-Wylie Anti-Money Laundering Act

• Anti-Drug Abuse Act

• Applicable international money laundering restrictions

• Bank Secrecy Act

• Crimes, General Provisions, Accessory After the Fact [Title 18, USC]

• Currency and Foreign Transactions Reporting Act

• Economic Espionage Act

• Hobbs Act

• Imparting or Conveying False Information [Title 18, USC]

• Maloney Act

• Misprision of Felony [Title 18, USC] (1)

• Money-Laundering Control Act

• Money-Laundering Suppression Act

• Organized Crime Control Act of 1970

• Perpetration of repeated egregious felonies by State and Federal public employees and their Departments and agencies, which are co-responsible with the said employees for ONGOING illegal and criminal actions, to sustain fraudulent operations and crimes in order to cover up criminalist activities and High Crimes and Misdemeanours by present and former holders of high office under the United States

• Provisions pertaining to private business transactions being protected under both private and criminal penalties [H.R. 3723]

• Provisions prohibiting the bribing of foreign officials [F.I.S.A.]

• Racketeer Influenced and Corrupt Organizations Act [R.I.C.O.]

• Securities Act 1933

• Securities Act 1934

• Terrorism Prevention Act

• Treason legislation, especially in time of war.





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