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Subject: Have you read this lawsuit? by Neil Keenan, acting as representative of the Dragon family -A lawsuit was filed today (November 23rd US time)
- Hide quoted text -
A lawsuit was filed today (November 23rd US time) that could end the secret government that has ruled Western civilization for at least the past 300 years.
The lawsuit claims that close to $1 trillion was stolen by, among others, UN Secretary General Ban Ki Moon and the UN, former Italian Prime Minister Silvio Berlusconi and the Italian government, Giancarlo Bruno and the Davos World Economic forum and others believed to include many of the owners of the US Federal Reserve Board. The lawsuit was filed in New York by Neil Keenan, acting as representative of the Dragon family, a reclusive group of wealthy Asian families. This filing is the result of extensive evidence gathering by international police and law-enforcement agencies including Interpol, the CIA, the Japanese Security Police, Eastern European secret services and has the backing of the Pentagon as well as the armed forces of Russia and China.
David Icke's Official Forums > Main Forums > Today's News > 2 Japanese Detained with $134 Billion in Bonds
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gilly
11-06-2009, 02:07 PM
TWO JAPANESE CITIZENS CARRYING $134 BILLION WORTH OF UNDECLARED, POSSIBLY COUNTERFEIT U.S. BONDS DETAINED IN ITALY WHILE TRYING TO ENTER SWITZERLAND; ITALIAN AUTHORITIES ARE TRYING TO DETERMINE IF THE BONDS ARE AUTHENTIC
June 11th, 2009
There is a news blackout on this story. Please nail this one to the foreheads of the mainstream financial press until they cover it.
I am requesting an accurate English translation of the press release that was issued by the Guardia Italiana di Finanza (Italian Financial Police) on 4 June 2009 about this incident. If you have the ability to provide all of us with an accurate English translation of this press release, please contact me. Here is a machine translation of the press release.
Lagavulin submitted this Asia News Italy to the Cryptogon Subreddit two days ago. Here is the full text:
06/08/2009 15:18
ASIA – ITALY
US government securities seized from Japanese nationals, not clear whether real or fake Bonds worth US$ 134.5 billion are seized. This is the largest financial smuggling case in history. But are they real? Concern over ‘funny money’ or counterfeit securities is spreading in Asia. The international press is silent.
Milan (AsiaNews) – Italy’s financial police (Guardia italiana di Finanza) has seized US bonds worth US 134.5 billion from two Japanese nationals at Chiasso (40 km from Milan) on the border between Italy and Switzerland. They include 249 US Federal Reserve bonds worth US$ 500 million each, plus ten Kennedy bonds and other US government securities worth a billion dollar each.
Italian authorities have not yet determined whether they are real or fake, but if they are real the attempt to take them into Switzerland would be the largest financial smuggling operation in history; if they are fake, the matter would be even more mind-boggling because the quality of the counterfeit work is such that the fake bonds are undistinguishable from the real ones.
What caught the policemen’s attention were the billion dollar securities. Such a large denomination is not available in regular financial and banking markets. Only states handle such amounts of money.
The question now is who could or would counterfeit or smuggle these non-negotiable bonds.
In order to stop money laundering Italian law sets a ceiling of 10,000 euros per person for importing or exporting money without declaring it. The penalty for violating the law is 40 per cent of the money seized.
If the certificates were real, for Italy it would be like hitting the jackpot. The fine alone would amount to US$ 38 billion, five times the estimated cost of rebuilding quake-devastated Abruzzi region. It would help Italy’s eliminate its public deficit.
If the certificates are fakes the two Japanese nationals could get a very lengthy jail sentence for fraud.
As soon as the seizure was made the US Embassy in Rome was informed. Italian and US secret services were called in to assist the Italian financial police.
Some important international financial newspapers had already reported on the existence of ‘funny money’ circulating on parallel, i.e. unofficial, financial markets.
For AsiaNews a few points need considering:
1. When it comes to Italy the world press has tended to focus on Italian Prime Minister Berlusconi’s personal problems rather than on stories like the bonds smuggling affair which has been front page on Italian newspapers.
2. The fear of counterfeit bonds and securities has spread across Asia with the result that real securities are also considered with suspicion.
3. During the Second World War several countries at war printed and put in circulation perfectly counterfeit enemy money. It is also historically established that some central banks, like the Bank of Italy 65 years ago, issued the same securities twice (identical registered number and code). This way they could print more money with legal tender than they officially declared. The main difference though is that 65 years ago the world was involved in a bloody war, which is not the case today.
I was not able to find ANY English language translation of this story until today.
This is from Kyodo News Service, reposted on Japan Today:
2 Japanese carrying $134 bil worth of U.S. bonds detained in Italy
Thursday 11th June, 06:18 AM JST
ROME —
Two Japanese nationals were detained by Italian financial police last week after trying to enter Switzerland with $134 billion worth of undeclared U.S. bonds, mostly Treasury bonds, an Italian daily said Wednesday. The Japanese consulate general in Milan confirmed that the detention had taken place and said it was trying to confirm with Italian authorities whether the two were indeed Japanese nationals and their identities.
According to the report in il Giornale, two unidentified Japanese in their 50s concealed the bonds, including 249 U.S. Treasury bonds each worth $500 million, in a suitcase with a false bottom that was searched by the Italian authorities June 3 when they were in Chiasso, at the border with Switzerland, about 50 kilometers north of Milan. The daily did not say on what charges they have been detained, but the two may have been detained on suspicion of attempting to take a large amount of securities out of Italy without declaring it because the paper said they had not declared the bonds.
Here is the Italian language press release from Guardia Italiana di Finanza (Italian Financial Police) on 4 June 2009:
Sequestrati a Chiasso titoli USA per novantasei miliardi di euro
Milano, 4 giu. (Adnkronos)
Duecentoquarantanove bond della Federal Reserve statunitense, del valore nominale di 500 mln di dollari ciascuno, piu’ 10 bond Kennedy da 1 mld di dollari ciascuno, occultati nel doppio fondo di una valigia, per un totale di ben 134 mld di dollari, pari a oltre 96 mld di euro.
E’ quanto hanno sequestrato alla stazione ferroviaria internazionale di Chiasso, al confine tra Svizzera e Italia, funzionari della Sezione Operativa Territoriale di Chiasso, in collaborazione con i militari della Guardia di Finanza del Gruppo di Ponte Chiasso, nel corso dei controlli volti al contrasto del traffico illecito di capitali.
I valori erano posseduti da due cinquantenni giapponesi scesi alla stazione ferroviaria di Chiasso da un treno proveniente dall’Italia che, al momento del controllo doganale, hanno sostenuto di non avere nulla da dichiarare.
Un’accurata verifica dei bagagli ha consentito invece di trovare i titoli Usa, occultati sul fondo di una valigia, in uno scomparto chiuso e separato da quello contenente gli indumenti personali.
Oltre ai titoli, i due giapponesi trasportavano una cospicua documentazione bancaria in originale.
Per i bond e la documentazione che li accompagnava, anch’essa sottoposta a sequestro, sono in corso indagini volte a stabilirne autenticita’ e provenienza. Qualora i titoli risultassero autentici, in base alla vigente normativa, la sanzione amministrativa applicabile ai possessori potrebbe raggiungere i 38 miliardi di euro, pari al 40% della somma eccedente la franchigia ammessa di 10mila euro.
{edit}
yozhik
11-06-2009, 02:40 PM
The penalty for violating the law is 40 per cent of the money seized.
If the certificates were real, for Italy it would be like hitting the jackpot. The fine alone would amount to US$ 38 billion, five times the estimated cost of rebuilding quake-devastated Abruzzi region. It would help Italy’s eliminate its public deficit.
Piracy on the open seas of commerce ... :rolleyes:
Such a large denomination is not available in regular financial and banking markets. Only states handle such amounts of money.
Is the reason for silence due to possible diplomatic immunity?
real6
11-06-2009, 03:19 PM
TWO JAPANESE CITIZENS CARRYING $134 BILLION WORTH OF UNDECLARED, POSSIBLY COUNTERFEIT U.S. BONDS DETAINED IN ITALY WHILE TRYING TO ENTER SWITZERLAND; ITALIAN AUTHORITIES ARE TRYING TO DETERMINE IF THE BONDS ARE AUTHENTIC
June 11th, 2009
There is a news blackout on this story. Please nail this one to the foreheads of the mainstream financial press until they cover it.
I am requesting an accurate English translation of the press release that was issued by the Guardia Italiana di Finanza (Italian Financial Police) on 4 June 2009 about this incident. If you have the ability to provide all of us with an accurate English translation of this press release, please contact me. Here is a machine translation of the press release.
Lagavulin submitted this Asia News Italy to the Cryptogon Subreddit two days ago. Here is the full text:
06/08/2009 15:18
ASIA – ITALY
US government securities seized from Japanese nationals, not clear whether real or fake Bonds worth US$ 134.5 billion are seized. This is the largest financial smuggling case in history. But are they real? Concern over ‘funny money’ or counterfeit securities is spreading in Asia. The international press is silent.
Milan (AsiaNews) – Italy’s financial police (Guardia italiana di Finanza) has seized US bonds worth US 134.5 billion from two Japanese nationals at Chiasso (40 km from Milan) on the border between Italy and Switzerland. They include 249 US Federal Reserve bonds worth US$ 500 million each, plus ten Kennedy bonds and other US government securities worth a billion dollar each.
Italian authorities have not yet determined whether they are real or fake, but if they are real the attempt to take them into Switzerland would be the largest financial smuggling operation in history; if they are fake, the matter would be even more mind-boggling because the quality of the counterfeit work is such that the fake bonds are undistinguishable from the real ones.
What caught the policemen’s attention were the billion dollar securities. Such a large denomination is not available in regular financial and banking markets. Only states handle such amounts of money.
The question now is who could or would counterfeit or smuggle these non-negotiable bonds.
In order to stop money laundering Italian law sets a ceiling of 10,000 euros per person for importing or exporting money without declaring it. The penalty for violating the law is 40 per cent of the money seized.
If the certificates were real, for Italy it would be like hitting the jackpot. The fine alone would amount to US$ 38 billion, five times the estimated cost of rebuilding quake-devastated Abruzzi region. It would help Italy’s eliminate its public deficit.
If the certificates are fakes the two Japanese nationals could get a very lengthy jail sentence for fraud.
As soon as the seizure was made the US Embassy in Rome was informed. Italian and US secret services were called in to assist the Italian financial police.
Some important international financial newspapers had already reported on the existence of ‘funny money’ circulating on parallel, i.e. unofficial, financial markets.
For AsiaNews a few points need considering:
1. When it comes to Italy the world press has tended to focus on Italian Prime Minister Berlusconi’s personal problems rather than on stories like the bonds smuggling affair which has been front page on Italian newspapers.
2. The fear of counterfeit bonds and securities has spread across Asia with the result that real securities are also considered with suspicion.
3. During the Second World War several countries at war printed and put in circulation perfectly counterfeit enemy money. It is also historically established that some central banks, like the Bank of Italy 65 years ago, issued the same securities twice (identical registered number and code). This way they could print more money with legal tender than they officially declared. The main difference though is that 65 years ago the world was involved in a bloody war, which is not the case today.
I was not able to find ANY English language translation of this story until today.
This is from Kyodo News Service, reposted on Japan Today:
2 Japanese carrying $134 bil worth of U.S. bonds detained in Italy
Thursday 11th June, 06:18 AM JST
ROME —
Two Japanese nationals were detained by Italian financial police last week after trying to enter Switzerland with $134 billion worth of undeclared U.S. bonds, mostly Treasury bonds, an Italian daily said Wednesday. The Japanese consulate general in Milan confirmed that the detention had taken place and said it was trying to confirm with Italian authorities whether the two were indeed Japanese nationals and their identities.
According to the report in il Giornale, two unidentified Japanese in their 50s concealed the bonds, including 249 U.S. Treasury bonds each worth $500 million, in a suitcase with a false bottom that was searched by the Italian authorities June 3 when they were in Chiasso, at the border with Switzerland, about 50 kilometers north of Milan. The daily did not say on what charges they have been detained, but the two may have been detained on suspicion of attempting to take a large amount of securities out of Italy without declaring it because the paper said they had not declared the bonds.
Here is the Italian language press release from Guardia Italiana di Finanza (Italian Financial Police) on 4 June 2009:
Sequestrati a Chiasso titoli USA per novantasei miliardi di euro
Milano, 4 giu. (Adnkronos)
Duecentoquarantanove bond della Federal Reserve statunitense, del valore nominale di 500 mln di dollari ciascuno, piu’ 10 bond Kennedy da 1 mld di dollari ciascuno, occultati nel doppio fondo di una valigia, per un totale di ben 134 mld di dollari, pari a oltre 96 mld di euro.
E’ quanto hanno sequestrato alla stazione ferroviaria internazionale di Chiasso, al confine tra Svizzera e Italia, funzionari della Sezione Operativa Territoriale di Chiasso, in collaborazione con i militari della Guardia di Finanza del Gruppo di Ponte Chiasso, nel corso dei controlli volti al contrasto del traffico illecito di capitali.
I valori erano posseduti da due cinquantenni giapponesi scesi alla stazione ferroviaria di Chiasso da un treno proveniente dall’Italia che, al momento del controllo doganale, hanno sostenuto di non avere nulla da dichiarare.
Un’accurata verifica dei bagagli ha consentito invece di trovare i titoli Usa, occultati sul fondo di una valigia, in uno scomparto chiuso e separato da quello contenente gli indumenti personali.
Oltre ai titoli, i due giapponesi trasportavano una cospicua documentazione bancaria in originale.
Per i bond e la documentazione che li accompagnava, anch’essa sottoposta a sequestro, sono in corso indagini volte a stabilirne autenticita’ e provenienza. Qualora i titoli risultassero autentici, in base alla vigente normativa, la sanzione amministrativa applicabile ai possessori potrebbe raggiungere i 38 miliardi di euro, pari al 40% della somma eccedente la franchigia ammessa di 10mila euro.
Well it is their business. Leave them alone!!!
yozhik
11-06-2009, 03:35 PM
Here is the most interesting issue ...
Italian authorities have not yet determined whether they are real or fake.
If they are fake, the matter would be even more mind-boggling because the quality of the counterfeit work is such that the fake bonds are undistinguishable from the real ones.
It is also historically established that some central banks issued the same securities twice (identical registered number and code). This way they could print more money with legal tender than they officially declared.
We need to read this and fully understand the implications of it.
The bonds are in denominations only relevant to transactions at state level.
The bonds are US bonds.
If they are fake; it implicates the Fed in state level counterfeit and points to manipulation of money supply.
breezinreezin
11-06-2009, 03:49 PM
If somebody works it all out, could they translate it all into noddy language for me. I'm crap with anything financial.
decim
11-06-2009, 04:04 PM
A japanese war chest?
decim
11-06-2009, 06:41 PM
Home land security issue?
spiraltrance
11-06-2009, 06:51 PM
:eek:
you have urls for the original story?
decim
11-06-2009, 06:55 PM
:eek:
you have urls for the original story?
spiraltrance
11-06-2009, 07:30 PM
Thanks ^
gilly
11-06-2009, 07:34 PM
:eek:
you have urls for the original story?
Sorry - edited OP too add link. :o
yozhik
11-06-2009, 07:50 PM
If somebody works it all out, could they translate it all into noddy language for me. I'm crap with anything financial.
Bonds are issued by Treasury and used to raise money supply.
They are a debt.
So if a country needs 100 million, they can issue government bonds to the value of the 100 million, and then auction them.
Typical bond might be a 5 year government bond, with a yield of 4% p.a (hypothetical)
This means that the holder of the bond (whoever bought it at the auction) will be given the 4% interest each year as the dividend and then the value of the bond at the end of the 5 year period.
What this does is effectively increase the money supply ... which then impacts on a whole lot of financial matters ... inflation, foreign exchange rates, etc, etc
Now ... if the central bank has issued FAKE bonds, by duplicating the serial numbers et al ... then it means it is hiding the true number for money supply.
It is fraud at country level.
It means that there are two (or more) bonds with the same serial numbers.
This would double the actual money supply than the official figure.
Again, hypothetically ... if the US has issued fake bonds through the central bank, then it means the debt is actually greater than being reported.
This would greatly impact on the true value of the dollar.
Also the risk of default on those bonds.
Ian2day
11-06-2009, 08:47 PM
Bonds are issued by Treasury and used to raise money supply.
They are a debt.
So if a country needs 100 million, they can issue government bonds to the value of the 100 million, and then auction them.
Typical bond might be a 5 year government bond, with a yield of 4% p.a (hypothetical)
This means that the holder of the bond (whoever bought it at the auction) will be given the 4% interest each year as the dividend and then the value of the bond at the end of the 5 year period.
What this does is effectively increase the money supply ... which then impacts on a whole lot of financial matters ... inflation, foreign exchange rates, etc, etc
Now ... if the central bank has issued FAKE bonds, by duplicating the serial numbers et al ... then it means it is hiding the true number for money supply.
It is fraud at country level.
It means that there are two (or more) bonds with the same serial numbers.
This would double the actual money supply than the official figure.
Again, hypothetically ... if the US has issued fake bonds through the central bank, then it means the debt is actually greater than being reported.
This would greatly impact on the true value of the dollar.
Also the risk of default on those bonds.
So in other words an official from within the fed has decided to fleece as much as they can for personal gain. Hiding behind their job to CON the mark in this Sting. The higher up that someone is the bigger the scam they're trying to pull. We're awash with revelations of huge fraud at the moment in the media. tptb deffinitely want the public to riot.
yozhik
11-06-2009, 09:02 PM
So in other words an official from within the fed has decided to fleece as much as they can for personal gain. Hiding behind their job to CON the mark in this Sting. The higher up that someone is the bigger the scam they're trying to pull. We're awash with revelations of huge fraud at the moment in the media. tptb deffinitely want the public to riot.
No.
An "official at the Fed" would not have the authority to do this.
If true, it is an executive decision.
Auction for USD$100,000,000 (hypothetically)
Issue USD $50,000,000 in duplicated government bonds.
$100,000,000 into treasury coffers ... only $50,000,000 registered into public debt/money supply.
Basically it is "cooking the books" at the highest level.
This would need to be at the "Bernanke and Geithner" seniority.
yozhik
11-06-2009, 11:10 PM
Have just come across a very interesting point regarding this;
In order to stop money laundering Italian law sets a ceiling of 10,000 euros per person for importing or exporting money without declaring it. The penalty for violating the law is 40 per cent of the money seized.
Technically, Treasury Bonds are not "money".
They are debt notes or security certificates.
They are registered and non-negotiable.
I'm not convinced that a bond would be regarded as money and therefore be subject to money laundering regulations, which usually is limited to cash - especially the €10,000 amount being reported.
Something does not smell right. :rolleyes:
el jefe
11-06-2009, 11:56 PM
This is very very interesting. Keep on top of this guys!
yozhik
12-06-2009, 01:01 AM
Just another thought ... if they were actual counterfeit bonds, there wouldn't be any $1 Billion bond denominations.
Given how rare and specific this denomination is; no counterfeiter would even consider printing them.
Most counterfeits are done in the common denominations.
Look at currency counterfeiting; most of it is done in the smaller, common, every day, garden variety denominations ... 5, 10 and 20.
A "good" counterfeiter wouldn't even consider printing off a batch of 50's and 100's (in the UK). It would attract too much attention and scrutiny.
So given that this would have to have been a VERY good counterfeiting job (they were described as being undistinguishable from a genuine bond); an amateur mistake of printing a denomination only used in nation transactions, would be unheard of.
In my opinion, third party counterfeiting can be pretty much ruled out.
el jefe
12-06-2009, 01:05 AM
Great point ^
the nine
12-06-2009, 05:06 AM
I have been wondering where all the money from quantitive easing is? who gets it? has it been stolen/imbezzled to a private swiss bank?
or could this be the banks bail outs going to private swiss banks?
hmmm
this really is fishy..BNP win..paedophile nursery.. kaka/ronaldo sold in the two bigest transferes in history..the timing says smoke screens!!!
batou
12-06-2009, 05:52 AM
"In order to stop money laundering Italian law sets a ceiling of 10,000 euros per person for importing or exporting money without declaring it. The penalty for violating the law is 40 per cent of the money seized.
If the certificates were real, for Italy it would be like hitting the jackpot. The fine alone would amount to US$ 38 billion, five times the estimated cost of rebuilding quake-devastated Abruzzi region. It would help Italy’s eliminate its public deficit."
Crooks robbing crooks. The irony!
decim
12-06-2009, 05:55 AM
"In order to stop money laundering Italian law sets a ceiling of 10,000 euros per person for importing or exporting money without declaring it. The penalty for violating the law is 40 per cent of the money seized.
If the certificates were real, for Italy it would be like hitting the jackpot. The fine alone would amount to US$ 38 billion, five times the estimated cost of rebuilding quake-devastated Abruzzi region. It would help Italy’s eliminate its public deficit."
Crooks robbing crooks. The irony!
or clever pirates..
siriusc
12-06-2009, 06:40 AM
Have just come across a very interesting point regarding this;
Technically, Treasury Bonds are not "money".
They are debt notes or security certificates.
They are registered and non-negotiable.
I'm not convinced that a bond would be regarded as money and therefore be subject to money laundering regulations, which usually is limited to cash - especially the €10,000 amount being reported.
Something does not smell right. :rolleyes:
Depending upon their original points of entry they might. You have to declare anything of value and the fact they were smuggled indicates they were trying to avoid normal channels, my guess duties/taxes. Why they weren't couriered is strange.
yozhik
12-06-2009, 10:48 AM
Depending upon their original points of entry they might. You have to declare anything of value and the fact they were smuggled indicates they were trying to avoid normal channels, my guess duties/taxes. Why they weren't couriered is strange.
Why were they in $1 Billion denominations, specifically reserved for transactions of "state" status.
THAT'S strange.
astrochicken
12-06-2009, 11:22 AM
i'm thinking the bush family, the cia and drugs.
yozhik
12-06-2009, 01:24 PM
1. Not counterfeit - denominations make no sense for a counterfeit scenario.
2. Not theft - no private company would hold USD$134.5 Billion in Treasury Bonds and, if stolen by management, it would be all over the mainstream media as another huge example of the fat cats stealing from the communal trough in this "global financial crisis".
3. IF genuine bonds ... nation status denomination is the "can of worms". Why would two men be carrying US Treasury Bonds sourced from a sovereign state, into Switzerland?
4. IF fake bonds ... given the suggestion is that they are printed from source, why are US Treasury Bonds being duplicated? That is not a can of worms; its a pellet of snakes. How many bonds have been duplicated? How long has this cooking of the U.S National Debt been going on? How much USD is REALLY in circulation?
This SHOULD be front page news.
Instead, its been buried and suppressed for over a week.
Why?
leviathanstaar
12-06-2009, 01:33 PM
Japans share of the coming fake-wars funding?
yozhik
12-06-2009, 01:47 PM
Japans share of the coming fake-wars funding?
If "two Japanese men" were carrying Japanese government registered US Treasury Bonds, then chances are this would be a "diplomatic issue".
Might explain the secrecy and mainstream media blackout.
Doesn't explain why Japan was smuggling bonds into Switzerland, via Italy.
dumping USD?
transferring to B.I.S ?
decim
12-06-2009, 08:12 PM
06/12/2009
The two men, reported to be more than 50 years old, were traveling by train from Italy to Switzerland on June 3. Financial police at a control on the border found the documents tucked inside a closed section at the bottom of their suitcase, separate from their personal items. According to their statement, the men's luggage included 249 government bonds worth $500 million and 10 so-called Kennedy bonds, each worth a billion dollars.
But details of the case remain unclear: The Japanese embassy in Rome confirmed the arrest of the two men but the news agency Bloomberg reported on Friday that it was not yet established whether they were Japanese citizens.
zero1
12-06-2009, 09:17 PM
Amazing how MSM has failed to report this. Amazing.
dynamicwiseman
12-06-2009, 09:32 PM
They were trying to start another Japanese Motor franchise, or maybe they wanted to "buy" General Motors or Fiat??
yozhik
12-06-2009, 10:39 PM
With the denominations of the bonds, this wasn't a private company event.
The police report clearly indicates that there were bonds with USD$1 Billion denominations.
These are reserved for state/nation transactions.
It feels this is more than two japanese businessmen taking some bonds cross border ... a LOT more.
... and yes - why isn't this all over the front pages???
Shit - some measly bonuses for AIG executives was front page and lead story on TV for over a week.
Compared to USD$134.5 Billion in bonds - that was pocket change ... and noone is touching it.
Its being avoided as much as the Bilderberg meetings are staged in a cone of silence.
zero1
12-06-2009, 11:02 PM
What if those bonds represent a proportion of the recent TARP Bailout Funds?
Smart money bets the authorities don't know if they're real or not yet, or if they do know; they're hedging their bets on the story dying as quietly as possible.
Either way, if challenged, they'll say they're fake even if they're not.
el jefe
14-06-2009, 08:29 PM
From March 2009:
The Treasury Department projects a balance of $134.5 billion of the original $700 billion in the federal TARP program to stengthen ailing banks, according to Dow Jones.
The issue emerged as something of a transparency blind spot last week when Treasury Secretary Tim Geithner refused to give an exact figure during testimony on Capitol Hill.
The Treasury estimate is not really a cash-on-hand balance, but a projection that includes $25 billion in expected repayments from banks eager to get out of the program. The department also appears to have shaved to $95 billion its expected cost for the Term-Asset Securities Loan Facility or TALF, originally pegged at $100 billion.
In a trailing indicator of more weekend fun at Treasury, Dow Jones said officials released the estimate Saturday evening.
The news service and a private estimate had put the TARP balance at about $53 billion.
Quote:
Milan (AsiaNews) – There have been new developments with
regards to the story of US$ 134.5 billion in US government
bonds seized by Italy’s financial police at Ponte Chiasso on the
Italian-Swiss border, which AsiaNews reported four days ago.
News about it initially made it to the front page of many Italian
papers, but not of the international press. Since yesterday
though, some reports have published by English-language
news agencies. And some commentators are starting to link
the story to reports in US press dating back to 30 March.
On that date the US Treasury Department announced that it
had about US$ 134.5 billion left in its financial-rescue fund, the
Troubled Asset Relief Program (TARP), whose purpose is to
purchase assets and equity to buttress companies in trouble.
The existence of such means that the Obama administration
may not have to go to Congress for additional funds,
something which is especially important since many lawmakers
have vowed to oppose any requests for more money.
At the same time, Japan’s Kyodo news agency has reported
that the resignation of Japan’s Interior Minister Kunio
Hatoyama might also be related to the Ponte Chiasso affair.
Officially the minister quit as a result of a row over who should
head the state-owned Japan Post, but some sources have
suggested that such a scenario is not very plausible since Mr
Hatoyama was Prime Minister Taro Aso’s main ally in his rise to
the prime minister’s office, and is especially unconvincing since
the ruling coalition government has to face elections in just two
weeks time. Indeed there are many reasons to connect the
Ponte Chiasso incident to the minister’s resignation.
For AsiaNews the incident raises several questions. For
example, why did Italy’s press, of every stripe, first give the
matter great visibility, only to drop it as quickly? Also, if we
are to assume that the bonds are real, why were they in Italy
on their way to Switzerland? If these were the unused TARP
funds why would they be in US Federal Reserve denomination?
Would it not have been better to wait to see how they would be
used before the bonds were issued? If they are authentic and
owned by a foreign state, why were they not transported in a
diplomatic bag, which cannot be inspected at customs? And
what will the Italian government do insofar as the issue
represents an offence under Italian law? Will it impose a fine of
38 billion euros, and run the risk of a row with an ally, or
return the money without any penalty to the rightful owner and
show the world that Italy is some kind of banana republic, a
semi-colonial protectorate that violates its own laws and constitution?
decim
14-06-2009, 08:35 PM
A web star TARP Lie
Good find el jefe
siriusc
14-06-2009, 08:45 PM
The Treasury Department projects a balance of $134.5 billion of the original $700 billion in the federal TARP program to stengthen ailing banks, according to Dow Jones.
The issue emerged as something of a transparency blind spot last week when Treasury Secretary Tim Geithner refused to give an exact figure during testimony on Capitol Hill.
The Treasury estimate is not really a cash-on-hand balance, but a projection that includes $25 billion in expected repayments from banks eager to get out of the program. The department also appears to have shaved to $95 billion its expected cost for the Term-Asset Securities Loan Facility or TALF, originally pegged at $100 billion.
In a trailing indicator of more weekend fun at Treasury, Dow Jones said officials released the estimate Saturday evening.
The news service and a private estimate had put the TARP balance at about $53 billion.
Okay, so the US Govt hired these two Japaneese businessmen to transport the balance to a Swiss bank that was failing.:D TARP strikes again.:rolleyes:
lizzy
14-06-2009, 08:49 PM
Perhaps the 134B will end up exactly where it was heading for....the Rothchilde International Exhange bank, their cut of TARP?
yozhik
14-06-2009, 09:05 PM
If you're looking for the devil incarnate in Switzerland, look no further than the Bank of International Settlements (B.I.S)
lizzy
14-06-2009, 09:06 PM
If you're looking for the devil incarnate in Switzerland, look no further than the Bank of International Settlements (B.I.S)
that's the one,.......thanks yozhik.
yozhik
15-06-2009, 02:09 AM
Imagine ... TARP money being siphoned off and ending up in B.I.S.
Who could ever have imagined such a thing.
:rolleyes:
el jefe
15-06-2009, 07:46 PM
ROME — Italian authorities say they have arrested two Japanese men who allegedly tried to bring $134 billion (C96 billion) worth of undeclared U.S. bonds into Switzerland.
Anti-fraud police in Como, near the Swiss border, said Monday the men hid the bonds in the bottom of a suitcase. They were caught in Chiasso's train station June 3 after an inspection.
Police said the two suspects were carrying a total of 259 bonds, including 10 with a value of $1 billion (C721 million) each and 249 with a value of $500 million (C357 million).
Police said they were checking whether the bonds are authentic. If they are found to be real, the two men could face a fine of C38 billion ($53 billion).
June 12 (Bloomberg) -- Italy’s financial police said they asked the U.S. Securities and Exchange Commission to authenticate U.S. government bonds found in the false bottom of a suitcase carried by two Japanese travelers attempting to cross into Switzerland.
The bonds, with a face value of more than $134 billion, are probably forgeries, Colonel Rodolfo Mecarelli of the Guardia di Finanza in Como, Italy, said today. If the notes are genuine, the pair would be the U.S. government’s fourth-biggest creditor, ahead of the U.K. with $128 billion of U.S. debt and just behind Russia, which is owed $138 billion.
The seized notes include 249 securities with a face value of $500 million each and 10 additional bonds with a value of more than $1 billion, the police force said on its Web site. Such high denominations would not have existed in 1934, the purported issue date of the notes, Mecarelli said. Moreover, the “Kennedy” classification of the bonds doesn’t appear to exist, he said.
The bonds were seized in Chiasso, Italy. Mecarelli said he expects a determination from the SEC “within a few days.”
Its already been a few days....
Saw this as well, probably not related:
zero1
15-06-2009, 07:50 PM
Still no word from MSM about this story, still no word as to whether the bonds are authentic or not...
decim
15-06-2009, 08:04 PM
Still no word from MSM about this story, still no word as to whether the bonds are authentic or not...
Japanese muggings are up.
zero1
15-06-2009, 08:07 PM
Japanese muggings are up.
Ha, LOL! Especially brief-case carrying Japos in Milan, huh? :D:p
decim
15-06-2009, 08:09 PM
Ha, LOL! Especially brief-case carrying Japos in Milan, huh? :D:p
They are currently the only immigrants being welcomed..Zero san..
el jefe
17-06-2009, 01:32 AM
zero1
17-06-2009, 02:08 AM
Thanks so much for that, El Jefe. :)
Interesting that Glenn Beck chose to cover it, and condemn the lack of coverage the story is (not) receiving in MSM. And on FOX News, too.
Good thing is, it shows that somebody is paying attention, @ least...
meet my maker
17-06-2009, 03:20 AM
Bollocks are those bonds from the Kennedy era or older. $134 Billion is TARP money its to huge and specific an amount. They got caught with their pants down and are putting spin on the story.
Ian2day
17-06-2009, 03:27 AM
Its the money that I'm owed. I was going to purchase Saab with one of the $500 million bonds and save the rest for a rainy day. Anyone got some investment advice for me? :D
zero1
17-06-2009, 02:56 PM
Bollocks are those bonds from the Kennedy era or older. $134 Billion is TARP money its to huge and specific an amount. They got caught with their pants down and are putting spin on the story.
You're right. They've been caught red-handed, and are trying to handle the situation "delicately"...:rolleyes:
yozhik
17-06-2009, 03:18 PM
They're completely ignoring the possibility that the bonds are "fake" insomuch as they were printed by the Treasury, but with duplicate serial numbers.
As has already been posted, the Treasury could issue duplicated bonds, thus raise the capital from the market, but would only have to record officially on the books, the lower amount.
So, issue 1,000,000,000 in duplicated bonds = raise 1,000,000,000 in capital but only record 500,000,000 as national debt.
Print each bond 4x and only 250,000,000 would be "officially" recorded as national debt.
For a Fed that is completely out of control and unaudited, this would be a fairly useful ploy to generate $$$ without devaluing the currency and catapulting into hyperinflation, because the "true" money supply would be hidden.
decim
17-06-2009, 03:22 PM
Question is, what will other governments do when they suss out what the fed have been doing?
yozhik
17-06-2009, 03:26 PM
Question is, what will other governments do when they suss out what the fed have been doing?
They'll continue to do what they've been trying to do.
Dump the USD without sparking off a run on the bank, which will throw the USD off a cliff and render their bonds as monopoly money before they have been able to get rid of their monopoly money.
Gently does it ... gently does it ... get rid of it while it still has some false value, but not too fast so the whole world wakes up to what we're doing ... gently, gently ...
el jefe
17-06-2009, 06:56 PM
Damn I hope youre wrong
decim
17-06-2009, 07:13 PM
They'll continue to do what they've been trying to do.
Dump the USD without sparking off a run on the bank, which will throw the USD off a cliff and render their bonds as monopoly money before they have been able to get rid of their monopoly money.
Gently does it ... gently does it ... get rid of it while it still has some false value, but not too fast so the whole world wakes up to what we're doing ... gently, gently ...
You are right.
What I was implying was that this story blows whoevers cover, whether it is chinese dumping dollars, or if it is the fed conducting some bond double book keeping.
Fed fakes bonds?
Japanese, Chinese, Iranians, Saudis dumping dollars?
Fed duplicating bonds?
The fact they were going to Switzerland implies the bonds were to be secreted away, not sold or traded.
Currency issued, Twice, bonds hidden out of circulation.
elrafaargentino
17-06-2009, 07:36 PM
I usually travel with bonds of the Federal Reserve, i dont see anything unusual.
=)
nonfictionalentity
17-06-2009, 07:45 PM
Yeah, I have some Treasury 'Promise To Pay' Bonds in my wallet and never seem to have a problem :D
real6
17-06-2009, 07:54 PM
Anyone have the foggiest idea why $134 BILLION in U.S. Treasury Bonds was found in the possession of two Japanese men at Italy’s border?
kayinmaine, on June 16, 2009, at 7:31 am
Glenn Beck mentioned this story yesterday on his radio show. He said no American MSM was talking about it, so it would be interesting to know if he talked about it on his Fox News show last night. The Internet is abuzz about this, of course.
OpEdNews is talking about it, as is, Asia News.
Anyway, if this story is true, then the questions that need to be asked are:
Are the bonds real?
Did the Bush Regime keep tabs on their portion of the TARP money allotted to them last year?
If it’s a government who is behind these bonds (fake or not) and which countries are involved?
Who are these two Japanese men and do they have any connections to Americans?
What is the reason for smuggling this money?
IN SEPTEMBER 2008, THERE WAS A RUN ON THE BANKS WHERE $550 BILLION WAS TAKEN OUT OF OUR MONEY MARKETS IN AN HOUR AND A HALF, so where did that money go? Was it taken out by a few powerful offshore hedge funds, our CIA, or by another country? No one knows and our government did not investigate this!
bigquestionmark
Honestly, when Glenn Beck was talking about this smuggling my mind went back to the beginning days of the Iraq invasion in 2003 when Paul Bremer was given the task to distribute $9 BILLION over in Iraq to start the reconstruction of that country. Well, as far as we know, most of the money is unaccounted for and was passed out without writing down the names/groups of people who received it. In fact, we don’t even honestly know if the $9 BILLION made it to Iraq. For all we know, the same thing happened to this money as the bonds found on the Italian border: COULD HAVE BEEN SWINDLED INTO A SWISS BANK ACCOUNT or somewhere else. My fear when it was known what Bremer had done is Cheney and his Cabal had access to the money. With that kind of money, you could start your own country or military or whatever the hell you want to!
So, who was intended to receive the $134 BILLION had the two Japanese been successful, that is, if it wasn’t going to go in a Swiss Bank?
Anyone have the foggiest idea what this is all about?
* Share/Save/Bookmark
June 16th, 2009 | Tags: 4 billion, Dick Cheney, Economy, George Bush, Japanese Nationals, Politics, U.S. Treasury Bonds | Category: Dick Cheney, Economy, Federal Reserve, Fox News, George Bush, Glenn Beck, Politics | 10 comments
10 comments to Anyone have the foggiest idea why $134 BILLION in U.S. Treasury Bonds was found in the possession of two Japanese men at Italy’s border?
*
kayinmaine
June 16th, 2009 at 7:39 am
This article is interesting too…
[emit]…Since yesterday though, some reports have published by English-language news agencies. And some commentators are starting to link the story to reports in US press dating back to 30 March.
On that date the US Treasury Department announced that it had about US$ 134.5 billion left in its financial-rescue fund, the Troubled Asset Relief Program (TARP), whose purpose is to purchase assets and equity to buttress companies in trouble. The existence of such means that the Obama administration may not have to go to Congress for additional funds, something which is especially important since many lawmakers have vowed to oppose any requests for more money.
At the same time, Japan’s Kyodo news agency has reported that the resignation of Japan’s Interior Minister Kunio Hatoyama might also be related to the Ponte Chiasso affair. Officially the minister quit as a result of a row over who should head the state-owned Japan Post, but some sources have suggested that such a scenario is not very plausible since Mr Hatoyama was Prime Minister Taro Aso’s main ally in his rise to the prime minister’s office, and is especially unconvincing since the ruling coalition government has to face elections in just two weeks time. Indeed there are many reasons to connect the Ponte Chiasso incident to the minister’s resignation.
If this money truly was TARP money and is legitimate, then why didn’t the two Japanese men declare it at the border? Doesn’t make sense.
real6
17-06-2009, 07:58 PM
JAPAN’S INTERIOR MINISTER GONE BECAUSE OF DISCOVERY OF $134 Billion IN US BONDS DISCOVERED IN FAILED SMUGGLING ATTEMPT? HUSH HUSH…LET’S NOT PANIC THE REST OF THE US BOND HOLDERS!!!
So this story is looking pretty bad right about now…my feeling is that the second largest US Bond holder, Japan, was trying to unload the bonds. The probable buyer was the US Government itself since above all the US must prevent a panic sell off of US Treasury Bonds. Additionally no government in the world WANTS a run on US Treasuries since so many hold them. It isn’t because they are our allies but merely self interest. If you are holding something you believe will be worthless shortly and you are a Foreign Government holding huge amounts of that soon to be worthless paper then you start trying to unload them anyway you can. And you do it as quietly as possible so that the price holds up. The price here is defined by the value of the dollar. If it were known that the Japanese government was unloading US Bonds in such a fashion the US dollar would collapse leading to the collapse in the value of the rest of the bonds the Japanese and others hold.
Given that the Federal Reserve has already BEEN buying US Treasury Bonds it stands to reason that they are probably trying to buy up those bonds in foreign hands quietly to avoid any sort of panic run.
If my hypothesis is correct we are very close to collapse. If you have doubts about this story then consider the highlighted portion of this post…
Seizure of US government bonds from two Japanese men in Italy raises questions
Seized US bonds are worth US$ 134.5 billion. The whole affair touches a number of economic and political issues. For some the resignation of Japan’s Interior minister might be related to it.
Milan (AsiaNews) – There have been new developments with regards to the story of US$ 134.5 billion in US government bonds seized by Italy’s financial police at Ponte Chiasso on the Italian-Swiss border, which AsiaNews reported four days ago. News about it initially made it to the front page of many Italian papers, but not of the international press. Since yesterday though, some reports have published by English-language news agencies. And some commentators are starting to link the story to reports in US press dating back to 30 March.
On that date the US Treasury Department announced that it had about US$ 134.5 billion left in its financial-rescue fund, the Troubled Asset Relief Program (TARP), whose purpose is to purchase assets and equity to buttress companies in trouble. The existence of such means that the Obama administration may not have to go to Congress for additional funds, something which is especially important since many lawmakers have vowed to oppose any requests for more money.
At the same time, Japan’s Kyodo news agency has reported that the resignation of Japan’s Interior Minister Kunio Hatoyama might also be related to the Ponte Chiasso affair. Officially the minister quit as a result of a row over who should head the state-owned Japan Post, but some sources have suggested that such a scenario is not very plausible since Mr Hatoyama was Prime Minister Taro Aso’s main ally in his rise to the prime minister’s office, and is especially unconvincing since the ruling coalition government has to face elections in just two weeks time. Indeed there are many reasons to connect the Ponte Chiasso incident to the minister’s resignation.
First of all, the men carrying the bonds had a Japanese passport. Secondly, they were not arrested. Under Italian law anyone in possession of counterfeit cash or bonds worth more than a few tens of thousands of euros must be arrested. By comparison the value of the seized counterfeit bonds is equal to 1 per cent of the US Gross Domestic Product (GDP). Thirdly, how the seizure took place is worthy of a Monty Python movie—two well-dressed Japanese men carrying a briefcase travelling in a local train usually used by Italian manual labourers who commute to Switzerland for work had as much chance to go unobserved as two European businessmen travelling in the Congo.
For AsiaNews the incident raises several questions. For example, why did Italy’s press, of every stripe, first give the matter great visibility, only to drop it as quickly? Also, if we are to assume that the bonds are real, why were they in Italy on their way to Switzerland? If these were the unused TARP funds why would they be in US Federal Reserve denomination? Would it not have been better to wait to see how they would be used before the bonds were issued? If they are authentic and owned by a foreign state, why were they not transported in a diplomatic bag, which cannot be inspected at customs? And what will the Italian government do insofar as the issue represents an offence under Italian law? Will it impose a fine of 38 billion euros, and run the risk of a row with an ally, or return the money without any penalty to the rightful owner and show the world that Italy is some kind of banana republic, a semi-colonial protectorate that violates its own laws and constitution?
Whatever the case may be, for Italy’s Prime Minister Silvio Berlusconi it is a heavy burden to bear, given the legal and criminal consequences he might face.
The only people who come out of it well are Italy’s tax cops, reason for them to show off their success on their website.
zero1
17-06-2009, 08:11 PM
They're completely ignoring the possibility that the bonds are "fake" insomuch as they were printed by the Treasury, but with duplicate serial numbers.
As has already been posted, the Treasury could issue duplicated bonds, thus raise the capital from the market, but would only have to record officially on the books, the lower amount.
Yes, that's the trick.
And as Beck said, even if they are fake, it's almost as bad as them being real, cos' some government (it can only be a money-printing body on the level of the private Fed Res) is possibly trying to flood the market with counterfeit money (bonds are money).
decim
17-06-2009, 08:18 PM
Yes, that's the trick.
And as Beck said, even if they are fake, it's almost as bad as them being real, cos' some government (it can only be a money-printing body on the level of the private Fed Res) is possibly trying to flood the market with counterfeit money (bonds are money).
This is a mega story.
The Side stream Media can only ignore for so long.
FTSE from the same date of the story dives..
^width=629&co_dimension^height=190
Currencies fall on same date..
Stock markets down also..
yozhik
17-06-2009, 08:26 PM
This is a mega story.
The Side stream Media can only ignore for so long.
Indeed ... a MEGA story.
The implications are enormous.
The fraud of the century; either way.
If legitimate, a sovereign nation was secretly attempting to dump the USD by taking bonds into Switzerland and probably via the B.I.S (nothing else could handle bonds of this size). Also, according to Beck, there are only 4 nations that hold bonds exceeding USD$134.5 Billion, with China and Japan holding the lion's share. Japanese businessmen offloading Japanese bonds seems to be the most obvious.
But why via Italy?
Most obvious conspiracy link is the Vatican and the Holy See.
If fake, then the Fed/Treasury has colluded in Herculean proportion bond duplication to hide the true extent of the U.S national debt.
Regardless of what Beck et al suggest; I do NOT believe these are counterfeit, in the normal sense of the word. No counterfeiter would make the amateur error of printing bonds in denominations only used in state/nation transactions.
Ian2day
17-06-2009, 09:10 PM
They're completely ignoring the possibility that the bonds are "fake" insomuch as they were printed by the Treasury, but with duplicate serial numbers.
As has already been posted, the Treasury could issue duplicated bonds, thus raise the capital from the market, but would only have to record officially on the books, the lower amount.
So, issue 1,000,000,000 in duplicated bonds = raise 1,000,000,000 in capital but only record 500,000,000 as national debt.
Print each bond 4x and only 250,000,000 would be "officially" recorded as national debt.
For a Fed that is completely out of control and unaudited, this would be a fairly useful ploy to generate $$$ without devaluing the currency and catapulting into hyperinflation, because the "true" money supply would be hidden.
Someone would have to be a criminal genius to dream up such a scam. Who has such a mind.
real6
17-06-2009, 09:52 PM
It’s been over a week since two “Japanese” men were detained on an Italian train near the Swiss border after Italian customs police discovered 134 billion in US Federal Reserve bonds. So far, according to the international press the men have yet to be positively identified as to whether they’re from Japan (they were purportedly carrying Japanese passports) or if Italian prosecutors have ascertained as to whether the bonds are real or counterfeit.
Here’s the link to the Times Online giving more of the scant details of the story.
There are two similar incidents: one in Manila in 2001 where 2.5 trillion in counterfeit bonds were seized in a raid and another in the UK, where a former forensic scientist, a Korean, and a Canadian were caught and convicted of of trying to peddle 2.5 trillion in bogus US Federal Reserve bonds in 2003.
The Manila caper, run by the “Trillion Dollar Gang” was written up by the Times while the UK scheme was published by the UK’s Independent.
As for the MSM, CNN’s blog IReport had a poster named “SuperMax” in Milan post the story about the Italian train mystery. No questions asked and no followup. Must be CNN’s way of “cutting costs” in the newsroom while Asia News had these points to ponder:
1. When it comes to Italy the world press has tended to focus on Italian Prime Minister Berlusconi’s personal problems rather than on stories like the bonds smuggling affair which has been front page on Italian newspapers.
2. The fear of counterfeit bonds and securities has spread across Asia with the result that real securities are also considered with suspicion.
3. During the Second World War several countries at war printed and put in circulation perfectly counterfeit enemy money. It is also historically established that some central banks, like the Bank of Italy 65 years ago, issued the same securities twice (identical registered number and code). This way they could print more money with legal tender than they officially declared. The main difference though is that 65 years ago the world was involved in a bloody war, which is not the case today.
real6
17-06-2009, 09:56 PM
The Trillion Dollar Gang!!!
the mountainous jungles of Mindanao, primitive tribesmen stumble upon the wreckage of an American B-17 bomber from World War II. In the twisted fuselage they discover several strongboxes with U.S. government markings. The stacks of printed sheets inside are worthless to the hunter-gatherer tribesmen but not to the city slicker who happens to pass by a few days later�he acquires them in exchange for a few trinkets. At this point in the tale, the narrator reaches into a rusty, banged-up box and pulls out a sheaf of the papers, seemingly yellowed by age: Treasury bonds, worth trillions of dollars. Now the narrator makes his dramatic offer: for a small downpayment, a big piece of this windfall can be yours!
Who would buy a yarn like that? According to the Philippine police, thousands of gullible Filipinos and others did, coughing up millions of real greenbacks to a group of Mindanao fraudsters now dubbed the Trillion Dollar Gang. The numbers could be higher: police say many victims are probably too embarrassed to come forward. They should be red-faced, having fallen for the crudest of cons. Using computers and rudimentary desktop printers, the gang ran off fake U.S. Federal Reserve notes in denominations from $100 million to $500 million. The total: $2.15 trillion, more than the annual American budget. The scam was blown by a joint U.S. Secret Service and Philippine police operation on Feb. 18, when they arrested one Mindanao ex-security guard; they are hunting at least six other suspects, including several foreign nationals.
Going by the number of zeros on their notes, the Trillion Dollar Gang were certainly the most ambitious counterfeiters in history. Their victims didn't know that the U.S. government has never printed a bond larger in value than $10 million; nor did it matter that the fake dollar bills copied onto the bonds were sloppy blurs in which Benjamin Franklin looks like a blob from Mars. They were taken in by the tantalizingly credible story. All the fake bonds were dated 1934 and marked to "mature" 30 years later. Each of the hustlers told his victims the bonds were being demonetarized by the U.S. government, pulled from circulation in a matter of weeks, and that he needed some cash to pay his expenses to Washington, where he would redeem the Federal Reserve note before it expired. In exchange, he offered to pay back 1%�or $1 million to $5 million�on every note cashed in. "It is the scam du jour," says U.S. Secret Service agent David Popp, a former White House bodyguard now stationed in Manila to protect U.S. monetary instruments against an onslaught of hustles, swindles and fakes that have sprung up in the Philippines.
The counterfeiters' tale struck a chord with many treasure-mad Filipinos. Newspaper classifieds routinely advertise the services of psychic fortune hunters, and the four governments since Ferdinand Marcos' regime have embarked on searches for Japanese war loot�reportedly worth billions of dollars in gold and jewels�that was allegedly buried somewhere in the archipelago when General Yamashita Tomoyuki's forces retreated before the Allied invasion in 1945. The "primitive" tribes of Mindanao are often the first to capitalize on this gullibility. Says General Ruben Cabignati, regional military commander based in the town of Cagayan de Oro in Mindanao: "I know of so many smart businessmen who have been tricked by these seemingly innocent natives." It helps that Mindanao's prolonged Muslim separatist insurgency has created a lawless haven for kidnappers, arms sellers, drug traffickers and itinerant counterfeiters.
The first clues to the Trillion Dollar Gang were detected not in Mindanao but in Los Angeles. In early 1998, customs officials found fake Treasury notes hidden in the suitcase of a Filipino Jesuit priest. Investigators eventually traced the fake bonds to a shantytown on the edges of Cagayan de Oro. There, in the home of a security guard named Archie Mingoc, police found a box containing $1.38 trillion in fake bonds and stacks of counterfeit Japanese, Malaysian and Argentinian currency. A raid on the home of his brother-in-law, Renato Waban, yielded an additional $773 billion in bonds. Mingoc swears Waban, who has since disappeared, asked him to stash the box. Police believe Waban, who flew from Cagayan de Oro to Manila twice a week, may have acted as go-between for the Mindanao forgers and the ringleaders, some of whom may be Japanese, Americans and Europeans.
Popp, for one, isn't too upset that only one arrest has been made. It is enough, he says, that the publicity surrounding the bust has alerted Asian countries to look out for the fake U.S. notes. They're the ones with all the zeros.
real6
17-06-2009, 10:18 PM
.***********************/forum1/message815048/pg1#12591321
A link:
[link to market-ticker.]
Zerohedge:
[link to zerohedge.]
Friday, June 12, 2009
Zero Hedge Exclusive: Is State Street Trading For Federal Accounts?
Posted by Tyler Durden at 9:54 AM
Zero Hedge has always been fascinated by the behemoths of securities lending (or not so much lately) State Street and Bank Of New York: these firms, which allegedly had just marginal toxic exposure, were in the front lines for the TARP bailout and have traditionally been handled with velvet gloves by the administration. In fact, many would say the custodian firms are in a league of importance much higher than even Goldman or JP Morgan as with their repo activity, security lending and cash collateral reinvestment, they are the de facto center of the shadow banking system.
A Cliff notes version of the stock lenders' Modus Operandi, sent in compliments of a reader:
* In the securities lending arb, stocks and bonds are lent out by custodians and investment managers. The loan is collateralized by the borrower with cash, the lender promises the borrower a return on that cash and then invests the cash in repo and short-term debt at a spread to that promised rate of return. The sec lending market is in the trillions. This market is basically rolling overnight repo right now as it tries to dig itself out of the MTM/liquidity hole.
* Many of the Fed/Treasury balance sheet efforts have been basically attempts to supplant securities lenders. Sec lending funds were the biggest buyers of 1-3yr FRNs (hence, TLGP). Lenders were also the biggest buyers of AAA cards and autos (read TALF 1.0). They were the second-biggest buyers of ABCP after 2a7 funds (ergo AMLF). Indirectly they were the largest funder of LT2 bank debt (via SIVs MTNs). They're large repo counerparties, and did everything from short-dated CDS to liquidity put options on Canadian levered super-senior CDOs.
* Many stock lending funds, which have similar accrual accounting regimes to '40 Act money-market funds, have broken the buck but are still trading at $1. for example see the section beginning "We may be exposed to customer claims" on p.11. What does this mean? Not only are certain securities lending providers opening themselves up to significant litigation risk but, importantly, clients in stocks can't reallocate to bonds (or vice-versa), since the sec lending funds aren't letting them out (except in-kind). Finally, of course, as long as sec lenders remain hurt but unsupplanted, they stay short duration, which extracts hundreds of billions of $$ in term financing capacity out of the market. Fed won't act as a lender of last resort since they're still smarting from the AIG sec lending bail-out they didn't see coming.
It is no surprise that in order to incite a return to pre-Lehman economic levels (the administration's #1 goal bar none), not only the stock market would have to much higher from its March lows (a task largely accomplished through market increases on disappearing breadth, liquidity extraction by the likes of Goldman Sachs, and assorted last minute inexplicalbe ramp ups in the various futures and ETF markets), but also the shadow system would have to be back with a vengeance. And while new mechanisms to achieve this such as securitization replacement alphabet soups have yet to prove their efficacy, the real heart of the shadow banking system Frankenstein is and has always been the repo market.
Which is why we were greatly troubled when we learned recently on good authority that Federal representatives may have opened multiple undisclosed-type accounts with none other than State Street Global Advisors over the past few months. All of these accounts are allegedly handled by one single trader, who is cocooned and isolated from interaction with other partners.
Zero Hedge can, as of yet, not vouch for this being 100% factual and is asking readers who may have additional knowledge of the situtation to please come forward and share their views (tips@). If, indeed, the Federal Reserve or other derivatives of the administration, are now directly involved in trading, managing repo terms, stock lending, collateral distribution and other liquidity-crucial aspects of what was once an efficient market, then indeed this rally could be written off not merely as the biggest short covering rally of all time, but one that has been explicitly orchestrated by those who should be most impartial to an efficiently working market.
Zero Hedge is investigating.
yozhik
17-06-2009, 10:43 PM
Someone would have to be a criminal genius to dream up such a scam. Who has such a mind.
Gee ... I wonder :rolleyes:
Probably the same "criminal genius" minds that thought up the whole Fed Reserve, IMF, etc scam.
yozhik
17-06-2009, 10:45 PM
3. During the Second World War several countries at war printed and put in circulation perfectly counterfeit enemy money. It is also historically established that some central banks, like the Bank of Italy 65 years ago, issued the same securities twice (identical registered number and code). This way they could print more money with legal tender than they officially declared. The main difference though is that 65 years ago the world was involved in a bloody war, which is not the case today.
I've highlighted it before, but its worth highlighting again.
real6
17-06-2009, 11:19 PM
I've highlighted it before, but its worth highlighting again.
Must have missed it. I know i probably over looked a few things by posting alot of stuff but people have to beware of THE SCAM!!!!!!!
Also i think this:
Could Obama & Japan’s Interior Minister Kunio Hatoyama be involved plus the internationa bankers 'Which they are"?
The WSJ reported on March 30 that Treasury Has $134.5 Billion Left in
TARP…”The Treasury Department said it has about $134.5 billion left in
its financial-rescue fund, giving the Obama administration a cushion
as it implements expensive programs aimed at unlocking credit markets
and boosting ailing industries”….
And this is what these 2 Japanese business men had in a suitcase...
Hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm.
decim
17-06-2009, 11:26 PM
Must have missed it. I know i probably over looked a few things by posting alot of stuff but people have to beware of THE SCAM!!!!!!!
Also i think this:
Could Obama & Japan’s Interior Minister Kunio Hatoyama be involved plus the internationa bankers 'Which they are"?
The WSJ reported on March 30 that Treasury Has $134.5 Billion Left in
TARP…”The Treasury Department said it has about $134.5 billion left in
its financial-rescue fund, giving the Obama administration a cushion
as it implements expensive programs aimed at unlocking credit markets
and boosting ailing industries”….
And this is what these 2 Japanese business men had in a suitcase...
Hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm.
Yes worth highlighting.
$134.5 Billion Left TARP The Treasury Department Japanese Detained with $134 Billion in Bonds $134.5 Billion Left TARP The Treasury Department Japanese Detained with $134 Billion in Bonds $134.5 Billion Left TARP The Treasury Department Japanese Detained with $134 Billion in Bonds $134.5 Billion Left TARP The Treasury Department Japanese Detained with $134 Billion in Bonds $134.5 Billion Left TARP The Treasury Department Japanese Detained with $134 Billion in Bonds $134.5 Billion Left TARP
zero1
17-06-2009, 11:57 PM
Thanks and praise to Real6 for his awesome, diligent work on this thread. :)
Sure if the relevant authorities were to look here @ this thread, they might find some leads from some of the great posts and links here. ;)
yozhik
18-06-2009, 03:32 AM
Friday, June 12, 2009
Zero Hedge Exclusive: Is State Street Trading For Federal Accounts?
Posted by Tyler Durden at 9:54 AM
Tyler Durden???
Isn't that the name of the character in Fight Club?
decim
18-06-2009, 04:33 AM
Tyler Durden???
Isn't that the name of the character in Fight Club?
yes
signalnorth
18-06-2009, 10:30 AM
Ninja's?!!!
h2pogo
18-06-2009, 02:02 PM
bloomberg tv just talked about these bonds,said they were fake kennedy bonds.
i take any thing bloomberg says with a ton of salt tho.
yes i am very sad
yozhik
18-06-2009, 02:23 PM
bloomberg tv just talked about these bonds,said they were fake kennedy bonds.
i take any thing bloomberg says with a ton of salt tho.
yes i am very sad
"fake" also means "indistinguishable from genuine bonds".
i.e. bonds printed by the Treasury but with duplicate serial numbers, although printed at source, would still be classified as "fake".
So, they may well be "fake" Kennedy bonds.
However, they could still have been printed by Treasury, for an official treasury bond auction.
Key points;
1. There were $1 Billion denominations amongst the bonds. These are specific to state/nation transactions.
2. No true counterfeiter would make the "amateur" mistake of printing rare denominations; most counterfeiting of currency is in the commonly used, lower denominations (5, 10, 20) to limit the "wow" factor. Billion dollar bonds will (did) attract attention. This was not an amateur operation.
3. The amount of bonds;
only 4 sovereign nations have this amount of US Treasury Bonds
coincidentally the EXACT figure as was left in the TARP funds balance.
Nope.
Sorry.
Not buying it yet.
Something still stinks.
h2pogo
18-06-2009, 02:47 PM
"fake" also means "indistinguishable from genuine bonds".
i.e. bonds printed by the Treasury but with duplicate serial numbers, although printed at source, would still be classified as "fake".
So, they may well be "fake" Kennedy bonds.
However, they could still have been printed by Treasury, for an official treasury bond auction.
Key points;
1. There were $1 Billion denominations amongst the bonds. These are specific to state/nation transactions.
2. No true counterfeiter would make the "amateur" mistake of printing rare denominations; most counterfeiting of currency is in the commonly used, lower denominations (5, 10, 20) to limit the "wow" factor. Billion dollar bonds will (did) attract attention. This was not an amateur operation.
3. The amount of bonds;
only 4 sovereign nations have this amount of US Treasury Bonds
coincidentally the EXACT figure as was left in the TARP funds balance.
Nope.
Sorry.
Not buying it yet.
Something still stinks.
and of course bloomerg tv failed to mention these great point you raised.
just thought if the assasination of kennedy failed may be there was a contingency plan to screw the economy by flooding the market with fake money before kennedy went back to the gold/silver standard.
then they could say his policy didnt work.
just a thought.
h2pogo
18-06-2009, 03:04 PM
another thought how much was 130 billion worth back in the 60s??
yozhik
18-06-2009, 03:08 PM
Is there any confirmation that a "Kennedy Bond" actually means it is from the Kennedy era?
When I first read this (Page 1), I interpreted a "Kennedy Bond" to be the denomination, not the date of issue.
To support this comes this from Bloomberg;
‘Kennedy Bonds’
Counterfeit $100 bills are one thing; two guys with undeclared bonds including 249 certificates worth $500 million and 10 “Kennedy bonds” of $1 billion each is quite another.
Seems to suggest that a Kennedy Bond is the denomination; I could be wrong though.
Some more telling observations made in the same article;
The implications of the securities being legitimate would be bigger than investors may realize. At a minimum, it would suggest that the U.S. risks losing control over its monetary supply on a massive scale.
Think about it: These two guys were carrying the gross domestic product of New Zealand or enough for three Beijing Olympics. If economies were for sale, the men could buy Slovakia and Croatia and have plenty left over for Mongolia or Cambodia.
These men carrying bonds concealed in the bottom of their luggage also would be the fourth-largest U.S. creditors.
It would be terrible news for the White House. Other than the U.S., China or Japan, no other nation could theoretically move those amounts.
On his blog, the Market Ticker, Karl Denninger wonders if the Treasury “has been surreptitiously issuing bonds to, say, Japan, as a means of financing deficits that someone didn’t want reported over the last, oh, say 10 or 20 years.”
This is still a story with far more questions than answers. It’s odd, though, that it’s not garnering more media attention. Interest is likely to grow. The last thing Geithner and Federal Reserve Chairman Ben Bernanke need right now is tens of billions more of U.S. bonds -- or even high-quality fake ones -- suddenly popping up around the globe.
real6
18-06-2009, 03:23 PM
and of course bloomerg tv failed to mention these great point you raised.
just thought if the assasination of kennedy failed may be there was a contingency plan to screw the economy by flooding the market with fake money before kennedy went back to the gold/silver standard.
then they could say his policy didnt work.
just a thought.
And remember, the F.E.D. killed Kennedy over HR 2755...
We cant forget that!!!
The private Federal Reserve owners don’t have a trillion dollars to lend the Government, nor do they need it. All they do is create it, via a bookkeeping entry, and write a check to the U.S. Government as the loan in exchange for the U.S. Bonds. The U.S. Government banks at the Federal Reserve Bank so cashing this check is very easy.
--FDRS
h2pogo
18-06-2009, 03:27 PM
Is there any confirmation that a "Kennedy Bond" actually means it is from the Kennedy era?
When I first read this (Page 1), I interpreted a "Kennedy Bond" to be the denomination, not the date of issue.
only have what bloomberg said(to be taken with a ton of salt)
which was implying they were well old.
just found an article
yozhik
18-06-2009, 03:27 PM
And remember, the F.E.D. killed Kennedy over HR 2755...
We cant forget that!!!
HR 2755?
Isn't that the one sponsored currently by Ron Paul (R-TX)?
Do you mean JFK's Executive Order 11110?
real6
18-06-2009, 03:29 PM
HR 2755?
Isn't that the one sponsored currently by Ron Paul (R-TX)?
Do you mean JFK's Executive Order 11110?
Shit, i mixed up things. Grrrrrrrrrrrrrrrrrrrrrrr
It's too early for me right now.
real6
18-06-2009, 06:25 PM
Mystery surrounding 134.5 “fake” billion US dollars seized in Ponte Chiasso remains
After two weeks a US Treasury official says securities were fakes. Italy’s financial police is silent. The case is still baffling and full of discrepancies.
Milan (AsiaNews) – US government bonds seized by Italy’s financial police (Guardia di Finanza) at Ponte Chiasso, an the Italian town on the border with Switzerland, are “clearly fakes,” Stephen Meyerhardt, spokesman for the US Bureau of the Public Debt, is quoted as saying in a news report by the Bloomberg agency. AsiaNews contacted the divisional headquarters of Italy’s financial police in Como, which is responsible for Ponte Chiasso, asking for an explanation but none has come forth yet.
For some days the affair has been in the limelight [1]. Importantly, at the time of the bonds were seized it was not possible to determine whether the US government bonds and US Federal Reserve certificates were real of fakes.
Right after the seizure Colonel Mecarelli, Guardia di Finanza commander in Como, said that for at least some of the securities, especially the ‘Kennedy Bonds’, there were doubts about their authenticity. As for the others, some were so well made that it was hard to tell them apart from real ones.
The seizure was carried out two weeks ago. The bonds were in the possession of two Oriental-looking individuals in their fifties with Japanese passports. The two men, were travelling from Milan to Chiasso, in Switzerland, on a local train used primarily by Italian workers commuting to-and-fro Switzerland for work.
At the customs office both men said they had nothing to declare but a check by financial police agents revealed a false bottom in their respective suitcases, each containing a fortune in US securities.
Also inside the agents found extensive and detailed original bank documents about the bonds.
If the latter were real the two Asian men had in their possession (although not necessarily in their ownership) a big chunk of the US debt which would have made them the fourth largest creditors of the United Sates.
Despite what US Treasury spokesman Meyerhardt said, and until more information is forthcoming from Italy’s financial police in Como for AsiaNews the mystery is still there.
Under Italian law when law enforcement agencies seize fake bonds or counterfeit money they are under the obligation to arrest the bearers. And in order to avoid misappropriation, the agency seizing the material, in this case the financial police, must quickly proceed to its destruction (i.e. incineration).
However, in case of real securities, after the securities holders are identified, the financial police must release them immediately after issuing a statement of confiscation and imposing a fine valued in this case at € 38 billion (US$ 53.4 billion). In this case, why were the two men released right away without any fine imposed?
That is not the only discrepancy. It is not clear how statements by US Treasury spokesman Meyerhardt and Italian financial police can be reconciled. For the former the bonds “are clearly fakes”; for the latter, speaking at the start of this whole affair, some bonds were indistinguishable from the real ones when it comes to quality and detail.
Italy’s Guardia di Finanza has a reputation for being a highly specialised and expert financial police agency. How could it be so easily duped! And if the bonds are “clearly fakes” why did it take US authorities two weeks to find out.
Another discrepancy is the fact that, along with the securities, original and recent bank documents were seized as proof of their authenticity.
If what Meyerhardt says is true, some major financial institutions have been deceived by the securities carried by the two Asian men. This would be a bombshell and raise serious questions as to how many bank assets are actually made up of securities that for Meyerhardt are “clearly fakes.”
If counterfeit securities of such high quality are in circulation the world’s monetary system, let alone that of the United States, is in danger. International trade and exchanges could come to a halt.
Whether it is counterfeit money or money laundering, what happened is potentially more dangerous for the stability of the international system than the results of Iran’s elections.
If the bonds are real it means someone with a lot of cash no longer trusts the US dollar as a reserve currency. If this is the case then it would spell the end of the Bretton Woods system and most likely negatively impact world trade.
Unfortunately the international press and main TV networks, with some exceptions, have ignored the whole affair. These days this is actually the real news.
[1] See “US government securities seized from Japanese nationals, not clear whether real or fake,” AsiaNews, 8 June 2009, and “Seizure of US government bonds from two Japanese men in Italy raises questions,” AsiaNews, 8 June 2009.
real6
18-06-2009, 06:51 PM
J.S. Kim
Seeking Alpha
Thursday, June 18, 2009
Here’s yet another huge financial story that has been virtually blacked out by the US financial media. Although on the surface, this story appears to be a non-event, if we consider some of the released facts about this case, you will understand why I consider it to be a huge story. On June 8th, the Asia News reported the following story:
“Italy’s financial police (Guardia italiana di Finanza) has seized US bonds worth US 134.5 billion from two Japanese nationals at Chiasso (40 km from Milan) on the border between Italy and Switzerland. They include 249 US Federal Reserve bonds worth US$ 500 million each, plus ten Kennedy bonds and other US government securities worth a billion dollars each. Italian authorities have not yet determined whether they are real or fake, but if they are real the attempt to take them into Switzerland would be the largest financial smuggling operation in history; if they are fake, the matter would be even more mind-boggling because the quality of the counterfeit work is such that the fake bonds are undistinguishable from the real ones.”
Here are just a few fascinating facts about this case (at least they are being reported as “facts” at this current time):
(1) Though the smugglers have been identified in the press as “Japanese nationals” there has yet to be any confirmation if the smugglers were indeed Japanese or of some other ethnicity. How difficult is it to confirm the ethnicity of the smugglers and why is this information being kept secret?
(2) According to a brief Bloomberg article regarding this story, the seized bearer bonds allegedly were dated as of 1934. Since bearer bonds in denominations of $500 million did not exist in 1934, the bonds were deduced as fake, though the Italian police are still waiting for a declaration regarding the bonds’ authenticity from the SEC. There is something truly “off” about this declaration. How can the quality of the forged bearer bonds be so meticulous that they “are indistinguishable from the real ones”, yet the people involved in the alleged forgery so ill-informed as to not date the bearer bonds with a more recent year that would not immediately identify them as fraudulent? How hard would it have been to date the bearer bonds with a more recent year? An equivalent analogy would be if an expert art forger meticulously re-created a Picasso oil canvas and then erroneously signed the work with the wrong artist’s name. This story just does not add up.
(3) The Bloomberg story also reported that there is no known existence of the alleged 10 Kennedy bonds that were discovered in the smuggler’s suitcases, each with a denomination of $1 billion. Again, this discovery defies any logical explanation. Why would expert counterfeiters make 249 bearer bonds with denominations of $500 million apiece, each indistinguishable from the real thing, and then instead of just making 20 more such bonds, decide to make 10 bonds in denominations of $1 billion a piece in a bearer bond design that has never existed? Were the alleged counterfeiters just too lazy to confirm if Kennedy bearer bonds were ever a legitimately issued security? Again, this story makes no sense.
(4) On March 30, 2009, the US Treasury Department announced that USD $134.5 billion remained in its Troubled Asset Relief Program [TARP]. The stated amount of seized bearer bonds was $134.5 billion. Coincidence?
(5) The two well-dressed Japanese men opted to travel to Chiasso on a local train normally full of Italian manual laborers commuting to Switzerland. If they were really intent on successfully smuggling these bonds, counterfeit or real, why would they not take more care to select a travel route in which it was literally impossible for them not to stick out like two sore thumbs? Again, this part of the story defies all logic.
(ARTICLE CONTINUES BELOW)
Strange Inconsistencies in the $134.5 Billion Bearer Bond Mystery 250509BANNER
(6) The bearer bonds were discovered in a hidden briefcase compartment after a customs inspection. Again, if the bonds were indeed authentic and owned by a nation state, they could have been transported in a diplomatic pouch exempt from customs searches that would have guaranteed transport without detection.
Thus, all of the above irreconcilable and illogical points, other than the coincidence of the amount of the bearer bonds exactly matching the remaining TARP fund amount declared on March 30th, seem to indicate that not only were the seized bearer bonds counterfeit, but also that the smugglers were intent on being caught.
Before I continue, let’s review the purpose of bearer bonds.
Here is the Wikipedia definition of bearer bonds:
“A bearer bond is a debt security issued by a business entity, such as a corporation, or by a government. It differs from the more common types of investment securities in that it is unregistered – no records are kept of the owner, or the transactions involving ownership. Whoever physically holds the paper on which the bond is issued owns the instrument. This is useful for investors who wish to retain anonymity. The downside is that in the event of loss or theft, bearer bonds are extremely difficult to recover.”
If you recall the Michael Mann movie “Heat”, starring Robert DeNiro and Al Pacino, during a daring daytime armored car robbery, the criminals specifically targeted millions of dollars of bearer bonds for theft precisely because of the above qualities of bearer bonds that make them very difficult to trace. Again, due to the properties of bearer bonds, it seems highly unlikely that $134.5 billion of bearer bonds would be transported, if they were real, by two men with no security, since theft almost guarantees that they would be lost forever.
Thus far, about the only piece of information that appears to be reliable as reported by various news sources regarding this huge mystery is the remarkable authenticity of the 249 seized bearer bonds in denominations of USD $500 million. If any of the other facts, as they are being reported, are remotely accurate, then the bearer bonds were likely counterfeit. Still, the interesting part of this story, at least to me, is that the smugglers seemed intent on being caught with the counterfeit bonds. This leads me back to my previous question. What possible reason would the smugglers have for wanting to be caught? One of the quickest ways to sabotage and usher in the death of a currency is to raise legitimate questions about its ability to withstand counterfeiting efforts. Prove that counterfeiting is not only possible but highly likely, and the world’s confidence in the sabotaged currency will undoubtedly plummet.
In fact, this very tactic was applied during World War II when the Nazis launched Operation Bernhard in an attempt to crash the British economy by producing, by 1945, 132 million expertly counterfeited British pounds, a figure that represented roughly 15% of all real British pounds in circulation at the time. The counterfeit pounds were produced by expert printers and engravers supervised by an SS officer named Bernhard Krueger. As well, historical evidence exists that the Allies considered launching a counter-counterfeit plan against the Nazis as well. During this time, it was also alleged that the Bank of Italy counterfeited their own money by issuing the same securities twice with identical registered numbers and codes in order. The purpose of this counterfeiting was to secretly expand monetary supply without public transparency or accountability. Perhaps then, this $134.5.billion bearer bond mystery was an attempt of a nation state to shake the world’s confidence in the position of the US dollar as the world’s reserve currency.
There should be little debate that the world’s emerging economies in Russia, Brazil, China and certain Gulf Nations are at economic war today with the world’s Western nations and their economic allies. The currency war being fought today is sure to get much uglier in the foreseeable future, in both open tactics as well as secretly executed tactics. Currently, if the currency war were the world series of poker, the US and the UK would be holding a pair of 2s and relying on nothing but bluffs to keep the rest of the world at bay. Conversely, the Chinese and other emerging nations with large surpluses would be holding straight or royal flushes, and likely quietly maneuvering to go “all in” at some point.
Given that the discovery of $134.5 billion of bearer bonds in the suitcases of two Japanese nationals in Chiasso, Italy on the border of Switzerland qualifies as one of the largest smuggling operations in history, and given the various implications of such an act and the possible players involved, the silence regarding this huge story is simply stunning. It is not a huge story, per se, because of the counterfeiting operation, because accusations and revelations of massive money counterfeiting operations have occured in the past. It is a huge story, rather, due to all the inconsistencies of the story and the potential explanations that could explain these inconsistencies. The larger story at hand is, who are the players (nations) involved, and what was the intention of this likely counterfeiting operation? Maybe the future will reveal the answers to these questions. But maybe not.
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18 Responses to “Strange Inconsistencies in the $134.5 Billion Bearer Bond Mystery”
1. Jim Lunsford Says:
June 18th, 2009 at 6:15 am
This is an odd thing. I remember reading this last week. None of it makes sense, just as stated here.
Reply
The Transmogrifer Reply:
June 18th, 2009 at 7:55 am
Dear Jim Lunsford et al
“Civilization” cannot operate without a good level of trust. I am having difficulty finding anyone who trusts the Rothschild octopus. I work with DOD and they are defaulting on every aspect of financial activity. I am afraid for the future. I am sixty, and wondering if my rest home will come out of the barrel of a gun or a FEMA death camp. My research has indicated that half of our Social “Security” Ponzi scheme money is going to China. Why hasn’t China gotten the pink slip for this continent yet?
Reply
pitofdoom Reply:
June 18th, 2009 at 8:18 am
It’s rather amazing how they can throw monopoly money around
as if it is power, yet “We that people” can’t even throw shit as if it’s power?
Reply
2. prospector Says:
June 18th, 2009 at 6:21 am
The $134.5 billion figure is going to be the key to this. Fake or real.
Reply
3. Troy Ounce Says:
June 18th, 2009 at 6:36 am
The German news site Die Welt informed readers that the bonds are real.
Reply
4. Gary S Says:
June 18th, 2009 at 6:40 am
Well I don’t wish to sound ungreatful for this article, for am I indeed greatful. My only point would be to mention how is this important overall? The Federal Reserve produces fiat money 24/7. What they (Reserve and government) can’t print, they simply borrow and put the government further in debt.
So fiat bearer bonds? What do they expect to do with them? Cash them in for monopoly money?
Reply
5. flatearther Says:
June 18th, 2009 at 7:00 am
Gary ,i think the intention is to compromise the worlds trust in the american dollars security and therefore crash it’s economy,and then possibly the western worlds due to a lack of confidence in the us dollar,then china and other countries buying the US debt might stop ,then the IMF steps in to bring on the solution of a new world reserve currency in it’s step toward cashless society,using the internet to do credit exchanges,but this is just a guess,there is so many lies from birth to death in this Orwellian society these days,you would have to get a dna test to prove you were alive.
Reply
pitofdoom Reply:
June 18th, 2009 at 8:22 am
Were not “alive” we’re Memorex, at the time of Magog the Most High
shall hit rewind sending man back into the acient of times to finish his works.
Reply
6. Rino Says:
June 18th, 2009 at 7:07 am
Maybe a country (most likely Japan) wants to subtly signal that they could, if necessary, start to dump their us-bonds if they were forced to do so. It woudl be a political message against any attempt by the us to sink the value of their foreign-owned debt. They cannot say it openly (actually they declared the very contrary extactly some days before this event), so they say it in typical “haragei” fashion…
this would explain the odd nature of the bonds (fake, but not really fake…) and the fact that they wanted to be detected
a puzzled italian
Reply
7. georgeohwell Says:
June 18th, 2009 at 7:13 am
1934 was the year Joe Kennedy was appointed chair of the Securities and Exchange Commission. Old Joe was known to counterfeit stock certificates to short the market.
Much like naked short selling today.
Reply
The Transmogrifer Reply:
June 18th, 2009 at 7:59 am
Dear georgeohwell, I have long considered Joe Kennedy and family to be the most successfull gangsters in America and that they put Al Capone and Meyer Lansky to shame.
The Kennedys: big toothed, big hair American royalty with Joe advocating entering WW2 on the side of the Nazies when he was ambassador to England. I wish I were smart enough to make this shit up.
Reply
8. Donald F. Truax Says:
June 18th, 2009 at 7:17 am
Hypothesis
This is a smuggling operation to get out of the country and into ‘other’ hands the said 249 seized bearer bonds in denominations of USD $500 million.
For emphasis, the counterfeit & ‘Kennedy’ bonds are a contamination by basic; meaning that the original and counterfeits have a basic relationship in that both are bonds. The purpose is to disguise the real transaction of the smuggling of the 249 originals bearer bonds with a contaminated forged bonds as to induce confusion “if caught” masking the real transaction.
Most of these operations are compartmentalized meaning they have several parts. In this case the ‘mules’ are sacrificed to hide the real operations in the smuggling of the 249 bearer bonds out of the country. I suspect this operation is another front operation much alike the Milken, Madoff and Lay operations disguised to hide the real fraud in stealing and moving billions out of this country.
For emphasis, there have been recent revelations that would force the criminal’s elements of this country to devise other ways to steal ‘trillions’ and these revelations are as follows:
*Federal Reserve IG not knowing where ‘Trillions’ went.
*Keeping secret the recipients of the said’ trillions’.
*Other ‘current’ fraud investigations.
It’s interesting to note that on the 11th of September 2001 records pertaining to fraud investigations at both the World Trade Center and the Pentagon where destroyed.
Moreover, the pallets of cash dropped over Iraq, and monies removed from the Federal Reserve from New York that Mike Ruppert wrote about in his book ‘Crossing the Rubicon’ can make clear these kinds of operations.
This does not include the ‘reported’ deaths of some of the major players real or otherwise; interesting to say the least.
In my humble opinion ;)
Love “Light” and Energy
_Don
PS:
Reply
9. Morgan Says:
June 18th, 2009 at 7:53 am
Hey Infowarriors! Looking for more info on the controlled demolition of our global economies? For a growing database of over 2,700 documents, news articles and video clips on NWO-related issues, please check out and collaborate with,
Reply
10. A Patriot Says:
June 18th, 2009 at 8:11 am
A really good analysis of this bizarre situation.
Donald - interesting point - you certainly may be right on this one!
Reply
real6
18-06-2009, 07:01 PM
If real, US Bonds seized by Italian customs would wipe out Italian budget deficit.
Market Skeptics blogged an interesting story about US$ 135 Billion Treasury Bonds found in a suitcase belonging to 2 Japanese nationals by Italian custom officials on the Italian/Swiss border.
Read it here (Mogambo Guru in Asia times) and here (Guardia di Finanza), and here (Bloomberg) and if you can read Dutch here for the Financiele dagblad
Interestingly, we expect the bonds to be false. But, according to the Financiele dagblad, if the bonds are real, Italian customs can seize 40% of the amount, wiping out the Italian budget deficit.
The rumour goes, again acording to the Financiele dagblad, that it is the work of North Korean secret agents (well done 001 & 002, fake bonds are a much cleaner idea than atomic bombs.)
Important: Die Welt (Germany) claims the bonds are real.
Watch a video of Japanese TV showing the content of the suitcase, here (in Japanese):
Video on this page:
Update: Claim: Bonds have been faked by USA: if this is true all US bonds owned by foreign entities will be seen as highly suspicious. No collateral. Fake money, fake bonds, fake statistics and full throttle towards the cliff....
0
Max Keiser lost his cool completely in this video. And right he is.
Update1: William Pesek writes about the bonds in Bloomberg:
"....This is still a story with far more questions than answers. It’s odd, though, that it’s not garnering more media attention. Interest is likely to grow. The last thing Geithner and Federal Reserve Chairman Ben Bernanke need right now is tens of billions more of U.S. bonds -- or even high-quality fake ones -- suddenly popping up around the globe..."
yozhik
19-06-2009, 12:30 AM
US government bonds seized by Italy’s financial police (Guardia di Finanza) at Ponte Chiasso, an the Italian town on the border with Switzerland, are “clearly fakes,” Stephen Meyerhardt, spokesman for the US Bureau of the Public Debt
Sounds like Meyerhardt drew the short straw in the US Bureau of the Public Debt office sweepstake!!
You can imagine THAT meeting :D
"Fuck ... we've been caught!"
"What are we going to do?"
"Draw straws."
"Draw straws???"
"Yeah ... whoever gets the short one is the one who goes in front of the media and says they're fake."
"But ... they're not fake ... we printed ...."
"Shut it you fool !! ... You saw the memo from Tim G ... noone is allowed to know we tried to fuck over the whole world ... we have to make it look like the US Monoploy Dollar is still good ... capiche??"
"OK ... and does the patsy get a bonus? You know ... danger money or something?"
"Yeah ... Timmy G said there is a bonus ... an extra months salary ..."
"Ummm ... can we get that paid in Euros or something? You know ... with the dollar tanking and everything ... I'd kinda like to be paid in something I can actually USE around Xmas time ... when I say use, I mean use to buy stuff ... rather than "use" like toilet paper ... know what I mean?"
"I'll ask Tim G ... should be OK ... "
"OHHH ... Stephen ... bad luck!! You got the short one ... damn ... OK ... chin up and remember ... "they are clearly fakes" ... its all you have to say ..."
zero1
19-06-2009, 01:45 AM
So then, is there any cause to doubt the determination that these bonds are "fakes"?
I personally doubt it. I still think it's TARP money. I think the Americans shit themselves when the two Japanese "couriers" were caught and the story was reported by the Italian media.
I think the authorities are lying now to victimize the smugglers @ the expense whomever they were working for, and so that the Italian government can maybe claim a percentage in compensation.
I don't think they're fake. Smart money bets they're actually real.
As they're "old" bonds, the big figures Kennedy Bonds circa the 1960's, it could be some of that old money too, belonging to some of those incredibly wealthy, powerful family dynasties that we rarely hear about, but know exist.
el jefe
19-06-2009, 01:55 AM
When will we find out the identity of the 2 guys? If they're fake lets plaster them all over the news for trying to fraud the world.
Right......
yozhik
19-06-2009, 01:57 AM
So then, is there any cause to doubt the determination that these bonds are "fakes"?
I personally doubt it. I still think it's TARP money. I think the Americans shit themselves when the two Japanese "couriers" were caught and the story was reported by the Italian media.
I think the authorities are lying now to victimize the smugglers @ the expense whomever they were working for, and so that the Italian government can maybe claim a percentage in compensation.
I don't think they're fake. Smart money bets they're actually real.
As they're "old" bonds, the big figures Kennedy Bonds circa the 1960's, it could be some of that old money too, belonging to some of those incredibly wealthy, powerful family dynasties that we rarely hear about, but know exist.
Has anyone got any supporting evidence that a Kennedy Bond means from the Kennedy era?
Maybe a Kennedy Bond simply refers to the denomination.
Just as FRN's are colloquially referred to by the "face" on them.
Isn't a $20 FRN sometimes called an Andrew Jackson?
I don't know ... and that's the point.
We're guessing due to the lack of information available.
yozhik
19-06-2009, 02:02 AM
When will we find out the identity of the 2 guys? If they're fake lets plaster them all over the news for trying to fraud the world.
Right......
In my opinion, the implications of this story are extreme ... regardless of whether the bonds are fake or genuine.
In either case, I can only see these guys being hung out to dry as scapegoats.
I don't see how there is really any other choice.
If they're not painted as international villains, then the shit is REALLY going to hit the fan!!
For them to be the innocent victims and merely the mules (or whatever) would implicate some people further up the food chain ... and that simply will not be allowed to happen.
They'll be compensated to take the fall for this.
We'll never get to know the source of this one.
Just can't see it happening, personally.
el jefe
19-06-2009, 02:04 AM
Has anyone got any supporting evidence that a Kennedy Bond means from the Kennedy era?
Maybe a Kennedy Bond simply refers to the denomination.
Just as FRN's are colloquially referred to by the "face" on them.
Isn't a $20 FRN sometimes called an Andrew Jackson?
I don't know ... and that's the point.
We're guessing due to the lack of information available.
Quick search, from 1964:
848AF1D3
JOHNSON PURCHASES KENNEDY BOND NO. 1
From LA Times today:
What’s more, the package of bonds was said to include "Kennedy" bonds worth $1 billion each. "There is no such thing as a Kennedy bond," Meyerhardt said.
el jefe
19-06-2009, 02:05 AM
Didnt know someone tried this in 2001
Well, there are people that stupid. In 2001, Phillipine authorities seized $2 trillion in fake Treasury bonds. A year before that, they seized $60 billion. A month before that, they seized $50 billion.
United States and Philippine officials have seized more than $2,000bn (two trillion) in fake US Federal Reserve bonds in the southern Philippines.
yozhik
19-06-2009, 02:17 AM
Speculation about the Italian smuggling case involving $134 billion in purported U.S. Treasury bonds may have been fun while it lasted, but the Treasury Department says today the bonds are bogus.
"They’re obvious fakes," said Steve Meyerhardt, a spokesman for the Treasury's Bureau of Public Debt in Washington.
Meyerhardt said Treasury authorities could see immediately from photos of the bonds that they were doctored.
Hmmmmm ...
So why did the first reports from Police experts state that they were indistinguishable from the genuine article?
How can a Treasury spokesperson make such a definitive statement from viewing a photo, when experts who have seen and touched the confiscated bonds could not?
Why has it taken 2 weeks for officials from the Treasury to speak out?
Do you not think someone from the Treasury should have gone there, in person, rather than commenting publicly and using information gathered from "a photo"?
This still doesn't feel right.
I can not get into my head why any counterfeiters would be so stupid as to print Treasury bonds in those denominations, if they had any thought of passing them off as genuine. That just does not ring true, on any level.
... and now the spokesman has stated that there is no such thing as a Kennedy Bond, when there obviously was, for President Johnson to have been the first to purchase one.
Too many holes. Too much time has elapsed for bogus denials. Too many questions.
Given the international headlines and the nervousness in the Asian market, this story should have been "closed down" by the US Treasury a LONG time ago.
This isn't just closing the stable door after the horse has bolted; this is closing the stable door after the horse has bolted, been saddled, mounted and won the Kentucky Derby.
Let's revisit the original story and reported information from officials;
Milan (AsiaNews) – Italy’s financial police (Guardia italiana di Finanza) has seized US bonds worth US 134.5 billion from two Japanese nationals at Chiasso (40 km from Milan) on the border between Italy and Switzerland. They include 249 US Federal Reserve bonds worth US$ 500 million each, plus ten Kennedy bonds and other US government securities worth a billion dollar each.
Italian authorities have not yet determined whether they are real or fake, but if they are real the attempt to take them into Switzerland would be the largest financial smuggling operation in history; if they are fake, the matter would be even more mind-boggling because the quality of the counterfeit work is such that the fake bonds are undistinguishable from the real ones.
As soon as the seizure was made the US Embassy in Rome was informed. Italian and US secret services were called in to assist the Italian financial police.
So they were "so good" they were undistinguishable from genuine bonds and US Secret Services were also assisting the Italian officials ... but it takes two weeks for a Treasury spokesman to say they are "obviously fakes" ... and this he gleaned "from looking at a photo over the internet."
:rolleyes:
Is it just me or does something seem out of kilter with this?
el jefe
20-06-2009, 12:56 AM
And this is prob the last we'll ever hear of this.
decim
20-06-2009, 01:15 AM
Jun 18th, 2009 | By Contrarian Profits | Category: Top Story
Today’s Notes reads more like a John le Carre novel than an investment newsletter. But bear with us. It tracks one of the most fascinating news stories you’ve never heard of. The news reports are maddeningly sketchy. And the mainstream media is doing a damn good job of not reporting the story.
But it’s clear the arrests by Italian authorities of two “Japanese-looking” men allegedly attempting to smuggle $134.5 billion worth of US bearer bonds across the Swiss border is the biggest financial crime in history. And one with major implications for America’s economic security.
For those of you who don’t know, a report surfaced on Monday, June 8, on an obscure Vatican-sponsored news website, AsiaNews.it, that Italy’s financial police (Guardia Italiana di Finanza) had “seized US bonds worth US 134.5 billion from two Japanese nationals at Chiasso (40 km from Milan) on the border between Italy and Switzerland.”
According to the report, these securities included “249 US Federal Reserve bonds worth $500 million each, plus ten Kennedy bonds and other US government securities worth a billion dollar [sic] each.”
If the report is true (it has been relayed by the Associated Press, Bloomberg, The Times and the Dow Jones news service), it means these two as-yet-to-be-identified men were carrying securities amounting to the GDP of New Zealand – or enough money to fund three Beijing Olympics – in non-negotiable bonds in their suitcase.
As Bloomberg put it, “If economies were for sale, the men could buy Slovakia and Croatia and have plenty left over for Mongolia or Cambodia.”
The story is filled with bizarre and incongruous details. Enough, in fact, to make the mind of even the most determined news hound spin.
1. First, there’s the obvious question of whether these billion and half-billion dollar notes are real or fake. According to the AsiaNews report, “Italian authorities have not yet determined whether they are real or fake but […] if they are fake, the matter would be even more mind-boggling because the quality of the counterfeit work is such that the fake bonds are undistinguishable from the real ones.”
2. The story has received a lot of coverage in Europe and Asia. But US media outlets have ignored it, despite the fact that it concerns either the biggest ever counterfeiting or the biggest ever smuggling of US bonds. (A third possibility is that the story itself is a fake. Even so, this would merit serious attention as it implies that someone or some state or state agency is interested in destabilizing the value of US debt at a time when it’s most sensitive to destabilization, i.e., when America is issuing most of it.)
3. The story broke smack in the middle of heightened concerns over the stability of US bonds markets. Treasury Secretary Tim Geithner has just completed a trip to China, where he did his best to assuage Chinese fears that US fiscal and monetary policy is undermining the value of US government and agency debt. And the BRIC nations – Brazil, Russia, India and China – have recently stirred the pot by calling for a less dollar-centric global currency system.
And following the report of the bond arrests, Japan – the second largest foreign holder of US debt after China – felt it necessary to come out with the following statement via its finance minister: “We have complete trust in the fact that the U.S. views its strong-dollar policy as fundamental. So our trust in U.S. Treasuries is absolutely unshakable.” (As Karl Denninger points out on his blog, The Market Ticker, the Japanese said in December 1941 that all was well, too.)
1. According the Dow Jones Business News, “An official at Japan’s Consulate General in Milan said Tuesday that Italy was still investigating the case, adding it wasn’t confirmed that the two men are Japanese.”So are the alleged smugglers/counterfeiters Japanese or aren’t they? And if they aren’t, why did the press reports say they were?According to Dow Jones, the Japanese have “sent a letter asking for further information to the Italian tax police as well as prosecutors.” But why the delay?
1. A breaking report from Joe Weisenthal at The Business Insider, snatched from Japanese TV, says the “Japanese” bond smugglers are now missing. If this was a simple case of counterfeiting (albeit the biggest in history), it’s highly unlikely the Italian and US authorities would have let the men carrying the bonds simply slip off into the night…
2. The amount seized should ring alarm bells. On March 30 2009, the Treasury Department announced that $134.5 billion remained in the TARP. The stated amount of seized bearer bonds was $134.5 billion.
3. According to JS Kim of investment research company SmartKnowledgeU, “The two well-dressed Japanese men opted to travel to Chiasso on a local train normally full of Italian manual laborers commuting to Switzerland. If they were really intent on successfully smuggling these bonds, counterfeit or real, why would they not take more care to select a travel route in which it was literally impossible for them not to stick out like two sore thumbs?
4. The bearer bonds were discovered in a hidden briefcase compartment after a customs inspection. As Kim also points out, “If the bonds were indeed authentic and owned by a nation state, they could have been transported in a diplomatic pouch exempt from customs searches that would have guaranteed transport without detection.”
Here at Notes we have two theories about the bond arrests, presuming the story is legit. (That is to say presuming the reporting on the story is legit. More on this later.) Both have serious implications for the US economy and all who depend on it for their livelihoods.
The first possibility, as we see it, is that the events in Italy are evidence of sophisticated economic espionage and an attempt by a (hostile) foreign power to undermine US economic power.
In other words, somebody wants to destabilize the US bond markets by spreading the word that US bonds can be forged, but that “the quality of the counterfeit work is such that the fake bonds are undistinguishable from the real ones ” (as the original report put it). Raising legitimate concerns about the ability to withstand counterfeiting efforts is a sure-fire way of sabotaging a currency.
It wouldn’t be the first time that such a strategy has been used to destabilize an enemy power. During World War II, Hitler launched Operation Bernhard to crash the British war economy. By the end of the war, it had produced 132 million expertly counterfeited British pounds – a sum that represented about 15% of all British pounds in circulation at the time. The British ran a similar counterfeiting operation against the Nazis.
It seems careless, to say the least, to get caught with $134.5 billion dollars worth of securities by a regular inspection on a train. We’ve already ruled out that this wasn’t an official state operation (otherwise the bonds would have traveled in a diplomatic pouch). So it’s certainly odd that people sophisticated enough counterfeit or steal $134.5 billion worth of US government bonds couldn’t think of a safer way to transport them.
The implication is the “Japanese” interlopers wanted to be caught. And they wanted the world to know that US bonds could be so expertly forged.
Who would want to destabilize US economic power? Who would have the technology and the know-how to print such convincing forgeries? Who is a declared enemy of the US? Who might have “Japanese” looking agents working for them? North Korea would have to top the list of suspects…
Also, there’s the question of why the Italian authorities didn’t allow the “Japanese” couriers to deliver their illicit cargo to its destination (and therefore also apprehend the intended recipient/s of the bonds). Surely, that would have been of interest to the Italian authorities, who seem to have been acting on a tip-off. (Unless you believe that the Italians are in the habit of searching false-bottomed suitcases of well-dressed Asians on their way to Switzerland.)
One explanation for this is that the Italians believe these bonds are real. Italian law prevents people importing or exporting more than €10,000 in cash. And the penalty for violating the law is 40% of the money seized. That would mean the jackpot of the Italian government – the fine for this particular haul would be €38 billion. This would go a long way to eliminate the country’s public debt.
This brings us to our second theory. If the bonds turn out be real, it points to the possibility that the US Treasury may have been secretly issuing bonds to foreign nations to finance America’s deficits. This has worse implications than the sabotage theory. Let us explain…
The bonds the Italian authorities seized earlier this month were bearer bonds. That means they are unregistered – whoever holds the physical piece of paper owns the instrument.
This is where the plot really thickens. Since the passing of the US Tax and Fiscal Responsibility Act in 1982, the US doesn’t officially issue this kind of bond anymore. And according to the Treasury’s own figures, the approximate amount of debt outstanding in bearer bonds as of May 2009 is just over $100 billion – roughly $34 billion less than the amount wound up in a false-bottomed suitcase on a train from Milan to Switzerland.
It seems the only way the bonds could be real is if the Treasury has been issuing bonds it doesn’t want anyone to know about.
According to underground investor Karl Denninger at The Market Ticker, this is “one of the few explanations that actually fits the facts.” And Denninger goes a step further. He writes:
If in fact previous administrations were issuing “off-book” Treasury debt in this fashion to sovereigns then implications are truly explosive as such issues are blatant and outrageous unlawful acts and would expose everyone involved to severe criminal penalties.
This wouldn’t surprise us in the least. Right now the US government is on a $12.8 trillion spending spree. As we’ve said before, it’s now the biggest player in the US economy. And it’s destined to be this way for a long time to come.
Put simply, the government money, and a handful of chosen stock shoot up. (To find out which stocks are benefiting from this unprecedented spending splurge, read on here. )
This story has more holes than a Swiss cheese. We know from experience here at Notes (your co-editor spent two years working as an investigative reporter in his native Ireland) that there is rarely smoke without fire when it comes to news stories. But one aspect of this story still puzzles us… and it’s a part of the story nobody to date has questioned: What was an obscure Vatican-sponsored news outfit doing breaking the largest financial crime story all time?
As far as we can tell, AsiaNews.it broke the story on June 8. Major news services followed on with their own reports much later. Bloomberg, for instance, only got to it yesterday. So how did AsiaNews.it, a website linked to the Ponticial Institute for Foreign Missions and funded by the Vatican scoop the major news agencies on the bond story?
AsiaNews.it’s About Us page freely admits that it is an anti-Communist organ of the Roman Catholic Church, “nobly dedicated to China and her people.” The organization’s missionary zeal is not difficult to detect:
Since [Chinese] university students have internet access, we think that AsiaNews will help them to be familiar with the impact Christianity has on Asian and Chinese society. Already many Chinese intellectuals think China can be saved by Christianity, so as not to explode into a soulless market or a dictatorship that humiliates the individual.
Whatever the truth behind the bearer bond arrests , we know it doesn’t bode well for America’s economic future. At best, it demonstrates that the US faces economic sabotage from an (as yet) unknown source. At worst, it’s evidence of underhand behaviour by US authorities to finance the country’s spiraling debt problem.
Even if the case can be put down to (a highly incompetent) nation trying to offload its dollar holdings, it underscores our argument here at Notes that investors need to closely watch US debt markets to determine the future of their investments.
This year, it’s estimated that the US Treasury Department must raise $15 billion a day in debt just to keep the country afloat and Team Obama in pocket. It’s our view that this is America’s Achilles’ heel.
The US economy has already been brought to its knees by too much private debt. We believe its public debt problem could one day deal the country a deathblow.
zero1
20-06-2009, 01:59 AM
Hmmmmm ...
So why did the first reports from Police experts state that they were indistinguishable from the genuine article?
How can a Treasury spokesperson make such a definitive statement from viewing a photo, when experts who have seen and touched the confiscated bonds could not?
Why has it taken 2 weeks for officials from the Treasury to speak out?
Do you not think someone from the Treasury should have gone there, in person, rather than commenting publicly and using information gathered from "a photo"?
This still doesn't feel right.
I can not get into my head why any counterfeiters would be so stupid as to print Treasury bonds in those denominations, if they had any thought of passing them off as genuine. That just does not ring true, on any level.
... and now the spokesman has stated that there is no such thing as a Kennedy Bond, when there obviously was, for President Johnson to have been the first to purchase one.
Too many holes. Too much time has elapsed for bogus denials. Too many questions.
Given the international headlines and the nervousness in the Asian market, this story should have been "closed down" by the US Treasury a LONG time ago.
This isn't just closing the stable door after the horse has bolted; this is closing the stable door after the horse has bolted, been saddled, mounted and won the Kentucky Derby.
Let's revisit the original story and reported information from officials;
So they were "so good" they were undistinguishable from genuine bonds and US Secret Services were also assisting the Italian officials ... but it takes two weeks for a Treasury spokesman to say they are "obviously fakes" ... and this he gleaned "from looking at a photo over the internet."
:rolleyes:
Is it just me or does something seem out of kilter with this?
Out of kilter, to put it mildly.
yozhik
21-06-2009, 01:27 AM
I fear now that a "spokesman" has given the official hex on the information, this one is going to be swept under the carpet, the media "warned" that dropping the story would be in their best interests and this one will slip off the page into the vortex of "never to be seen or heard of again."
Or maybe anyone who pursues this will also become labelled by Beck as "the same as Holocaust deniers" and a group that "Timothy McVeigh" would have come from?
Let's not let this story evaporate into the ether ...
rosix
21-06-2009, 01:42 AM
everyone I know now knows about it :)
total denial all-around until I linked a Bloomberg article!
el jefe
22-06-2009, 07:06 PM
Scanning foreign papers one would find many people demanding to know where is mainstream media? The 134.5 Billion seized by the Italians is attracting a multitude of inquiring minds. Either scenario of counterfeit or smuggling are of historic proportion and should be dominating the news!
Italian police seized U.S. government bonds found in the false bottom of a suitcase carried by two Japanese travelers attempting to cross into Switzerland. “They’re clearly fakes,” said Stephen Meyerhardt, a spokesman for the U.S. Bureau of the Public Debt in Washington. “That’s beyond the fact that the face value is far beyond what’s out there.” Meyerhardt said Treasury records show an estimated $105.4 billion in bearer bonds have yet to be surrendered. Most matured more than five years ago”, he said. “The Treasury stopped issuing bearer bonds in 1982,” Meyerhardt added.
Colonel Rodolfo Mecarelli of the Guardia di Finanza in Como, Italy, said the securities, seized in Chiasso, Italy, was very genuine looking and needed to be confirmed by the Securities and Exchange Commission. If the notes are genuine, the pair would have been the U.S. government’s fourth-biggest creditor, ahead of the U.K. with $128 billion of U.S. debt and just behind Russia, which is owed $138 billion. The Italian authorities reported they seized 249 securities with a face value of $500 million each and 10 additional bonds with a value of more than $1 billion, as well as securities purported to be “Kennedy” bonds. Meyerhardt said no such securities exist!
First described as meticulous and high quality, reports are surfacing that instruments were rough and shoddy. The Japanese businessmen detain have been reported to released. Reports that all this happened on June 1st instead of the 10th adds another inconsistency to the growing list:
Inconsistencies
(1) Although the smugglers have been identified in the press as “Japanese nationals”, there has yet to be any third party confirmations, formal charges made or a release of the culprit’s identities. Asian and Japanese press outlets are reporting the suspects were released shortly after they were detained.
(2) A Bloomberg article regarding this story, the seized bearer bonds allegedly were dated as of 1934. Since bearer bonds in denominations of $500 million did not exist in 1934, the bonds were deduced as fake. The police are still waiting for a declaration regarding the bonds’ authenticity from the SEC. and the populous is speculation how to spend their 40% windfall. Something smells about this declaration. How can the quality of the forged bearer bonds be so meticulous that they “are indistinguishable from the real ones”, yet the counterfeiters are so ill-informed as to not date the bearer bonds appropriately?
(3) Bloomberg reported that there is no known existence of the alleged Billion-dollar Kennedy bonds. This defies any logical explanation. The expert counterfeiters would have made more of the $500 million denomination, indistinguishable from the real thing, instead of making 10 bonds in denominations of $1 billion a piece in a bearer bond never existed?
(4) On March 30, 2009, the US Treasury Department announced that USD $134.5 billion remained in its Troubled Asset Relief Program [TARP]. The same amount as the seized bearer bonds was $134.5 billion.
(5) The two well-dressed Japanese men traveled a well known financial smuggling route where them would stick out like sore thumbs, defies logic.
(6) Then we have this June 18 article from the Financial Times, that questions whether the men are really Japanese, as their passports declared, and it is may be the work of the Mafia.
(7) Officials in Tokyo were nonplussed. Takeshi Akamatsu, a Japanese foreign ministry press secretary, said Italian authorities had confirmed that two men carrying Japanese passports had been questioned in the bond case but Tokyo had not been informed of their names or whereabouts. “We don’t know where they are now,” Mr. Akamatsu said. Kyodo News reported on June 19 that the two Japanese men had been released. The Japanese consulate general in Milan said Thursday it has confirmed that two men who were briefly detained by Italian police after attempting to enter Switzerland with $134 billion worth of U.S. bonds were Japanese citizens. The men were released later that day after an Italian lawyer provided fidelity guarantee for them. The Italian authorities continue to probe how the two obtained the bonds and why they were trying to take the fake securities to Switzerland.
(8) The Italians are now saying the forged bonds appeared shoddy and some of them had face values that were nonexistent. The Italian authorities said they wonder why the securities were produced because the bonds cannot be used even for fraud in view of their poor quality. In pictures the bonds appear new, crisp and clean! They were first described as being “meticulous” work and “indistinguishable” from real ones but we are also to believe that they now “appeared shoddy.”
Hold on to your hat for another wild turn. Turner Radio Network (TRN) announced June 20 that it had new confirmed information the two Japanese nationals are in the “employees of the Finance Ministry of Japan.” TRN has now confirmed the two men arrested were trying to secretly dump Bonds as ordered by the government of Japan because the Japanese government feared that the U.S. government would be unable to repay its debts. Despite the assurances from Japanese Finance Minister Kaoru Yosano that Japan has complete confidence in the U.S. Treasury has confirmed the upon the serial numbers of the Bonds, part of the $686 billion of U.S. debt officially held by Japan.
The last couple of days the Italian press was abuzz with suggestions on how to spend their forty-billion dollar windfall despite the claims the being counterfeit. Under Italian law Italy gets to keep forty percent (40%) of the smuggled bonds. Now TRN reports that the US and Japan are trying to negotiate with Italy for return of the Bonds but because of the astonishing amount of money involved and Italy is refusing to negotiate.
If all of this hold’s true Americans should know clearly that Japan is still capable of a Pearl Harbor, financial style, and that our Government is incapable of telling the truth. U.S. officials apparently lied to Italy, numerous news outlets, the American People and Glenn Beck! From the World’s perspective the U.S.A. can’t even identify its own bonds, has very nervous creditors and that U.S. mainstream media in unable to perform impartial journalism and are worthless as an honest and viable news source. Glenn Beck offers good advice from his radio show, “Wake up America!”
(Turner Radio Network) -- Two Japanese men arrested by Italian Police while trying to smuggle $134 Billion in U.S. Treasury Bonds concealed in suitcases, out of Italy into Switzerland, are employees of the Finance Ministry of Japan.
Turner Radio Network has now confirmed the two men arrested by Italy were trying to secretly dump Bonds that were previously held by the nation of Japan. The men arrested have told Italian police they were ordered to move the Bonds by the government of Japan because the Japanese government has lost faith in the ability of the U.S. government to repay its debts.
Despite assurances from Japanese Finance Minister Kaoru Yosano about Japan's "absolutely unshakable” confidence in the credibility of the U.S. dollar, it is now confirmed based upon the serial numbers of the Bonds, that the $134 Billion is part of the $686 billion of U.S. debt officially held by Japan.
According to Italian Law Enforcement, authorities originally thought the men were part of the "Yakuza", a Japanese organized crime syndicate similar to the Italian Mafia, which lead officials to believe the Bonds were forgeries But after the men who were arrested were forced to remain in jail for more than a few days, they discarded their cover story and admitted to being employees of the Finance Ministry of Japan.
Strangely, very few major media outlets have covered this story. Of the few media outlets that have covered it, one - Bloomberg Business News - reported the bonds were "fakes." But according to Italian authorities, that is a cover story developed by the U.S. government to avoid panic selling of U.S. Treasuries by other nations.
Law enforcement sources in Rome claim the Italian government is ecstatic over the seizure because under Italian law, they get to keep forty percent (40%) of the smuggled bonds. The governments of both the US and Japan are trying to negotiate with Italy for return of the Bonds but because of the astonishing amount of money involved, Italy is refusing any negotiation at all.
TRN has been told to expect to receive serial numbers from the bonds as proof they are real. In addition, our source claims he can obtain scanned images of some of those bonds as well. If we are given such information or images, we will report them publicly.
The implications of this situation are monstrous: An ally of the United States has been caught trying to secretly unload U.S. government debt. This is unmistakable proof that the United States government is headed into economic collapse because nations around the world have now officially lost faith in its ability to repay.
The fact that $134 Billion in Bonds was intercepted by Italian Police was confirmed two days ago by Bloomberg Business news (here). Today's revelation by TRN that the men arrested were employees of the Japan Finance Ministry is a huge development which will cause sudden and dramatic reaction worldwide.
UPDATE June 19, 2009 2115 HRS ET -- The Japanese men taken into custody by Italy have been released and they were allowed to take their "fake" Bonds with them! Authorities now say they do not know where the men went. Those same authorities have told the "Financial Times" of London that the Bonds were "most likely fakes."
Updated Commentary: This is the single biggest farce we've heard about in a long time. Does anyone actually believe that anyone would be transiting a national border with $134 Billion in "fake" Bonds concealed in a suitcase with a fake bottom?
Does anyone actually believe Italian Authorities would ignore their own laws and release persons who violated Italian financial disclosure laws?
Does anyone really believe that a bank or other entity would simply accept a US Treasury "Intergovernmental" Bond with a face value of either $500 Million or $1 Billion without ever calling the US Treasury to determine if the bonds were valid?
The absurd explanation provided by the U.S. Government that the bonds were "fakes" would be laughable if it wasn't so pathetic.
Clearly the government of Japan got caught red handed trying to dump U.S. Treasury Bonds because they no longer trust that the USA can pay its debts. When the issue blew up in their faces, everyone from Japan to Italy to the USA had to get together and lie about what was happening with the hope that other nations wouldn't start dumping U.S. Treasuries too.
That is precisely what happened. Anyone who says otherwise is either lying or stupid. . . . . or thinks we're stupid enough to believe them!
We have now entered the official "end game" for the United States Government. They are broke. Bankrupt. They have no hope of ever repaying their debts. Countries around the world know this and are starting to dump U.S. debt and U.S. currency because it will all become worthless very soon.
There's no stopping it. There's no avoiding it. There's no way to patch things up to make this go away.
The United States of America has been bankrupted by its own government. That government bears sole responsibility for the economic collapse that is coming. When the collapse happens, the American people - the most heavily armed population on Earth - will probably take up arms and overthrow the government by force. In our view, forcible overthrow is a fate the U.S. Government richly deserves.
It would be very wise for those of you who still can, to consult with qualified financial people about how to get your assets out of the USA and your money OUT of U.S. dollars before you are all wiped out too. Time is running out. Japan is already trying to dump their U.S. holdings. You should too before everyone does at the same time.
UPDATE - JUNE 20 1435 HRS ET -- The Turner Radio Network has obtained photos and video from the Guardia di Finanza (Italian Financial Police) showing the actual $134 Billion in U.S. Bonds, with coupons attached, which were caught being smuggled from Italy into Switzerland.
The bonds were intercepted in Chiasso, Italy at the border of Switzerland.
The Bonds were owned by the country of Japan since the early 1980's when printed bonds were still issued by the U.S. Treasury. Today, all such Bonds are done electronically.
The paper bonds below were being smuggled into Switzerland by employees of the Japan Finance Ministry so they could be sold, at discount, under the anonymity of Swiss financial laws. If no one knew Japan was dumping US Treasury bonds, it would not cause a panic worldwide as other nations dumped their US Treasuries too. Japan was rudely surprised when the two employees of the Japan Finance Ministry were grabbed at the Italian border.
Japan sent the $134 Billion in bonds to Switzerland because Japan has lost faith in the ability of the U.S. government to repay its debts and Japan wanted to sell the bonds at a discount off face value with the hope of recouping at least some of the money before the U.S.collapses economically.
Those of you around the world who are holding U.S. Treasury notes would do well to consult with a qualified financial planner to see how quickly you can dump any U.S. Treasury Bonds and any U.S. Dollars you may be holding before the U.S. suffers the economic collapse which is now unavoidable.
If you are left holding Bonds or Dollars, you will likely be financially wiped out when the US Government repudiates its debt because it simply cannot pay anymore.
In the photo below, the piles of Bonds which appear to have a cash-like top have a face value of five hundred million dollars each ($500,000,000) and the smaller Bonds at the bottom right of the table are "Kennedy Bonds" with a face value of one billion dollars each ($1,000,000,000)
The total face value of the bonds shown on the table below is one hundred thirty four billion dollars!
yozhik
22-06-2009, 07:11 PM
So its being revealed, exactly as we said it would be.
And they call us conspiracy theorists?????
FFS ... it isn't us that constantly makes up bullshit ... :mad:
They really do take us for fools.
We have been asking these very same questions and raising these exact anomalies, on this thread, for days.
Mainstream media is a fucking joke ... no journalism anymore, just employed repeaters and pretty faces to woo the stupid masses, sitting in their comfy chairs, swilling their cold beers and swallowing "mother's little helper".
el jefe
22-06-2009, 07:11 PM
Check this thread:
we have been talking about this for more than a week now
Latest developments:
(Turner Radio Network) -- Two Japanese men arrested by Italian Police while trying to smuggle $134 Billion in U.S. Treasury Bonds concealed in suitcases, out of Italy into Switzerland, are employees of the Finance Ministry of Japan.
Turner Radio Network has now confirmed the two men arrested by Italy were trying to secretly dump Bonds that were previously held by the nation of Japan. The men arrested have told Italian police they were ordered to move the Bonds by the government of Japan because the Japanese government has lost faith in the ability of the U.S. government to repay its debts.
Despite assurances from Japanese Finance Minister Kaoru Yosano about Japan's "absolutely unshakable” confidence in the credibility of the U.S. dollar, it is now confirmed based upon the serial numbers of the Bonds, that the $134 Billion is part of the $686 billion of U.S. debt officially held by Japan.
According to Italian Law Enforcement, authorities originally thought the men were part of the "Yakuza", a Japanese organized crime syndicate similar to the Italian Mafia, which lead officials to believe the Bonds were forgeries But after the men who were arrested were forced to remain in jail for more than a few days, they discarded their cover story and admitted to being employees of the Finance Ministry of Japan.
Strangely, very few major media outlets have covered this story. Of the few media outlets that have covered it, one - Bloomberg Business News - reported the bonds were "fakes." But according to Italian authorities, that is a cover story developed by the U.S. government to avoid panic selling of U.S. Treasuries by other nations.
Law enforcement sources in Rome claim the Italian government is ecstatic over the seizure because under Italian law, they get to keep forty percent (40%) of the smuggled bonds. The governments of both the US and Japan are trying to negotiate with Italy for return of the Bonds but because of the astonishing amount of money involved, Italy is refusing any negotiation at all.
TRN has been told to expect to receive serial numbers from the bonds as proof they are real. In addition, our source claims he can obtain scanned images of some of those bonds as well. If we are given such information or images, we will report them publicly.
The implications of this situation are monstrous: An ally of the United States has been caught trying to secretly unload U.S. government debt. This is unmistakable proof that the United States government is headed into economic collapse because nations around the world have now officially lost faith in its ability to repay.
The fact that $134 Billion in Bonds was intercepted by Italian Police was confirmed two days ago by Bloomberg Business news (here). Today's revelation by TRN that the men arrested were employees of the Japan Finance Ministry is a huge development which will cause sudden and dramatic reaction worldwide.
UPDATE June 19, 2009 2115 HRS ET -- The Japanese men taken into custody by Italy have been released and they were allowed to take their "fake" Bonds with them! Authorities now say they do not know where the men went. Those same authorities have told the "Financial Times" of London that the Bonds were "most likely fakes."
Updated Commentary: This is the single biggest farce we've heard about in a long time. Does anyone actually believe that anyone would be transiting a national border with $134 Billion in "fake" Bonds concealed in a suitcase with a fake bottom?
Does anyone actually believe Italian Authorities would ignore their own laws and release persons who violated Italian financial disclosure laws?
Does anyone really believe that a bank or other entity would simply accept a US Treasury "Intergovernmental" Bond with a face value of either $500 Million or $1 Billion without ever calling the US Treasury to determine if the bonds were valid?
The absurd explanation provided by the U.S. Government that the bonds were "fakes" would be laughable if it wasn't so pathetic.
Clearly the government of Japan got caught red handed trying to dump U.S. Treasury Bonds because they no longer trust that the USA can pay its debts. When the issue blew up in their faces, everyone from Japan to Italy to the USA had to get together and lie about what was happening with the hope that other nations wouldn't start dumping U.S. Treasuries too.
That is precisely what happened. Anyone who says otherwise is either lying or stupid. . . . . or thinks we're stupid enough to believe them!
We have now entered the official "end game" for the United States Government. They are broke. Bankrupt. They have no hope of ever repaying their debts. Countries around the world know this and are starting to dump U.S. debt and U.S. currency because it will all become worthless very soon.
There's no stopping it. There's no avoiding it. There's no way to patch things up to make this go away.
The United States of America has been bankrupted by its own government. That government bears sole responsibility for the economic collapse that is coming. When the collapse happens, the American people - the most heavily armed population on Earth - will probably take up arms and overthrow the government by force. In our view, forcible overthrow is a fate the U.S. Government richly deserves.
It would be very wise for those of you who still can, to consult with qualified financial people about how to get your assets out of the USA and your money OUT of U.S. dollars before you are all wiped out too. Time is running out. Japan is already trying to dump their U.S. holdings. You should too before everyone does at the same time.
UPDATE - JUNE 20 1435 HRS ET -- The Turner Radio Network has obtained photos and video from the Guardia di Finanza (Italian Financial Police) showing the actual $134 Billion in U.S. Bonds, with coupons attached, which were caught being smuggled from Italy into Switzerland.
The bonds were intercepted in Chiasso, Italy at the border of Switzerland.
The Bonds were owned by the country of Japan since the early 1980's when printed bonds were still issued by the U.S. Treasury. Today, all such Bonds are done electronically.
The paper bonds below were being smuggled into Switzerland by employees of the Japan Finance Ministry so they could be sold, at discount, under the anonymity of Swiss financial laws. If no one knew Japan was dumping US Treasury bonds, it would not cause a panic worldwide as other nations dumped their US Treasuries too. Japan was rudely surprised when the two employees of the Japan Finance Ministry were grabbed at the Italian border.
Japan sent the $134 Billion in bonds to Switzerland because Japan has lost faith in the ability of the U.S. government to repay its debts and Japan wanted to sell the bonds at a discount off face value with the hope of recouping at least some of the money before the U.S.collapses economically.
Those of you around the world who are holding U.S. Treasury notes would do well to consult with a qualified financial planner to see how quickly you can dump any U.S. Treasury Bonds and any U.S. Dollars you may be holding before the U.S. suffers the economic collapse which is now unavoidable.
If you are left holding Bonds or Dollars, you will likely be financially wiped out when the US Government repudiates its debt because it simply cannot pay anymore.
In the photo below, the piles of Bonds which appear to have a cash-like top have a face value of five hundred million dollars each ($500,000,000) and the smaller Bonds at the bottom right of the table are "Kennedy Bonds" with a face value of one billion dollars each ($1,000,000,000)
The total face value of the bonds shown on the table below is one hundred thirty four billion dollars!
yozhik
22-06-2009, 07:13 PM
why a new thread?
Just throw it in the one that already exists ... then we don't have to jump back and forth between the two. :rolleyes:
el jefe
22-06-2009, 07:13 PM
You think the pic they got is real and the info Turner got is real? I dont know who in their right mind would release such info or if theyre only doing what we have been(guessing)? Which is usually fairly accurate....
decim
22-06-2009, 07:16 PM
why a new thread?
Just throw it in the one that already exists ... then we don't have to jump back and forth between the two. :rolleyes:
I was counting on the mods to merge it.
A new topic seemed a good way to re-elevate awareness of this swindle.
yozhik
22-06-2009, 07:16 PM
You think the pic they got is real and the info Turner got is real? I dont know who in their right mind would release such info or if theyre only doing what we have been(guessing)? Which is usually fairly accurate....
Regardless of the pictures ... why did it take more than 2 weeks for the treasury to speak out?
How did police reports of them being "indistinguishable" from genuine bonds, which was made with the US security services assisting the Italian authorities, morph into "they're shoddy" and in the Treasury statement, they were called "obvious fakes", which was determined by looking at a photo over the internet?????? (what the fuck ... excellent "forensic" science right there ... )
USD$134.5 BILLION in Treasury Bonds uncovered ... and they base their assessment from "a picture over the internet" ??????????????????????????
So many little pieces of bullshit all over this thing.
gilly
22-06-2009, 07:17 PM
I was counting on the mods to merge it.
A new topic seemed a good way to re-elevate awareness of this swindle.
I didn't want to seem peevish, tying your thread up with mine! :D
I'll do it now though, as I do think it makes life easier. :)
decim
22-06-2009, 07:19 PM
I didn't want to seem peevish, tying your thread up with mine! :D
I'll do it now though, as I do think it makes life easier. :)
No sweat.
elrafaargentino
22-06-2009, 07:20 PM
Regardless of the pictures ... why did it take more than 2 weeks for the treasury to speak out?
How did police reports of them being "indistinguishable" from genuine bonds, which was made with the US security services assisting the Italian authorities, morph into "they're shoddy" and in the Treasury statement, they were called "obvious fakes", which was determined by looking at a photo over the internet?????? (what the fuck ... excellent "forensic" science right there ... )
USD$134.5 BILLION in Treasury Bonds uncovered ... and they base their assessment from "a picture over the internet" ??????????????????????????
So many little pieces of bullshit all over this thing.
i totally agree. the answers are are to hilarious: fakes? not crime?
are you f***ng crazy!?!?
decim
22-06-2009, 07:22 PM
Italy & Japan "negotiating" the "cut" might well cause critical mass..
real6
22-06-2009, 07:22 PM
why a new thread?
Just throw it in the one that already exists ... then we don't have to jump back and forth between the two. :rolleyes:
Cause people are fucking retarted and dont do their homework maybe?
zero1
22-06-2009, 07:22 PM
From Ben Fulford, our man in Japan -
The Japanese arrested in Italy with $134 billion were part of a CIA black-ops
The Japanese citizens arrested in Italy last week carrying bonds worth $134 billion were part of a CIA black-ops linked to the Nazi faction, according to high level intelligence sources. The CIA front behind this operation is known as Mayflower and is linked to a malevolent Chinese faction that wishes to restore dynastic rule in China. One of the Japanese arrested was probably a Mr. Fukushima, who works for the puppet emperor of Japan and the CIA and the Rothschilds. The operation is also linked to former Japanese Prime Minister and Bush slave Junichiro Koizumi as well as the current CIA-bribed traitor Prime Minister Taro Aso. They were hoping to use the money in part to operate a massive psy-ops in Japan designed to keep the current slave government in charge after elections that must be held by September 11th of this year. For the sake of humanity and the planet, they must not be allowed to redeem those bonds. We can also add that as a direct result of these arrests that faction has contacted us and proposed talks in Switzerland. We will accept.
Links -
Source; ()
The story; linked to as be text in bold quoted above from Fulford's site
()
Above is Sorcha Faal's site.
So...
yozhik
22-06-2009, 07:23 PM
Italy & Japan "negotiating" the "cut" might well cause critical mass..
But isn't this laughable in itself?
This is admission (if true) that it is at "sovereign nation" level. :)
Why have the two men never been named?
That is very unusual in a case of such magnitude.
decim
22-06-2009, 07:29 PM
But isn't this laughable in itself?
This is admission (if true) that it is at "sovereign nation" level. :)
Why have the two men never been named?
That is very unusual in a case of such magnitude.
Yes it is comical, but also revealing, in so much as if the Japanese are asking for the return of the bonds & Italy is asking for their "legal" cut of such shenanigans it would imply that the bonds are genuine. (as far as coming from the US Gov't, it doesn't rule out any cloning of bonds though)
The magnitude of this story, is of epic proportions.
real6
22-06-2009, 07:31 PM
Yosano Says Japan’s Trust in Treasuries ‘Unshakable’ (Update2)
* STORY
* PHOTO
* VIDEO
*
Yosano Says Japan’s Trust in Treasuries ‘Unshakable’ (Update2)
Share | Email | Print | A A A
By Keiko Ujikane and Takashi Hirokawa
June 12 (Bloomberg) -- Japanese Finance Minister Kaoru Yosano said his government is confident about the outlook for U.S. Treasuries, signaling the second-biggest foreign holder of the securities will keep buying them amid record sales.
“We have complete trust in the fact that the U.S. views its strong-dollar policy as fundamental,” Yosano, 70, said in an interview in Tokyo on June 10 before attending a Group of Eight meeting of finance ministers starting today in Italy. “So our trust in U.S. Treasuries is absolutely unshakable.”
China and Russia, the largest and third-largest single holders of the debt, have said they may switch some of their reserves out of Treasuries, and economist Nouriel Roubini said yesterday the dollar won’t always be the world’s reserve currency. Treasury yields fell today after Yosano’s remarks, retreating from a seven-month high.
“Japan is, of course, mindful that selling Treasuries will cause the yen to strengthen and that would hurt corporate profits,” said Chotaro Morita, chief strategist in Tokyo at Barclays Capital Japan Ltd. in Tokyo. “Even with their strong ties, it’s possible Japan would consider selling U.S. Treasuries should the dollar say, halve in value.”
Switch Holdings
Ten-year Treasury yields fell to 3.80 percent today after Yosano’s remarks from 3.86 percent yesterday. They advanced to their highest since Oct. 16 this week after Alexei Ulyukayev, first deputy chairman of Russia’s central bank, said on June 10 his country may switch some of its Treasury holdings to International Monetary Fund bonds.
“We may see complementary reserve currencies,” Roubini, the New York University economics professor who predicted the financial crisis, said yesterday in Athens. While it’s “not going to happen overnight,” the development “will diminish the role of the dollar over time,” he said.
U.S. President Barack Obama, who is projected to quadruple the nation’s budget deficit to $1.85 trillion in the year ending Sept. 30, has tried to assuage investor concern by pledging to cut the shortfall in half by the end of his first term. Obama may borrow a record $3.25 trillion this fiscal year, almost four times last year’s amount, according to Goldman Sachs Group Inc.
China Premier Wen Jiabao called in March for the U.S. “to guarantee the safety of China’s assets” and central bank Governor Zhou Xiaochuan has proposed a new global currency to reduce reliance on the dollar.
‘Complete Faith’
“We have complete faith in U.S. economic and fiscal policy,” said Yosano, who is also the minister in charge of Japan’s banking sector and economic policy. “The U.S. dollar’s position as the world’s reserve currency isn’t under threat.”
A strong U.S. currency benefits Japan by increasing corporate profits in yen terms and preserving the competitiveness of exports. A collapse in global demand and the yen’s 8.5 percent advance against the dollar since September caused earnings to tumble a record 69 percent last quarter.
Japanese investors are the biggest foreign holders of Treasuries after China with $686.7 billion of the securities in March, according to the Treasury Department. To reduce Japan’s investment risk, some lawmakers have argued the U.S. should sell yen-denominated debt, an idea Yosano said the government wouldn’t pursue.
“We have no intention of asking for that,” Yosano said. “It’s up to the U.S. to decide whether to issue dollar- denominated bonds or samurai yen-denominated bonds.”
Masaharu Nakagawa, finance spokesman of the opposition Democratic Party of Japan, said last month the government should ask the U.S. to sell debt denominated in yen, so-called samurai bonds, over his concern that the dollar may weaken.
Poets in Family
Yosano, a cancer survivor who became a lawmaker in 1976, is the grandson of Tekkan and Akiko Yosano, poets whose work is taught to school children. The son of a diplomat, Yosano is fluent in English and studied in Cairo for three years when he was a teenager. He graduated with a law degree from Tokyo University in 1963.
Under Yosano’s stewardship, Japan in April unveiled a record 15.4 trillion yen ($158 billion) stimulus package to pull the nation out of its deepest postwar recession. The minister said new measures may not be needed because packages announced since last year have already started to support the economy.
“We don’t believe the effect of the stimulus will fade,” Yosano said.
In the long term, Japan will need to reduce its reliance on exports and foster spending at home to sustain growth, he said.
“Ceaseless efforts are needed to create new technology and products,” Yosano said. “We need to increase domestic demand to invigorate the economy and make a significant contribution to global growth.”
To contact the reporter on this story: Keiko Ujikane in Tokyo at kujikane@; Takashi Hirokawa in Tokyo at thirokawa@
Last Updated: June 12, 2009 02:51 EDT
real6
22-06-2009, 07:32 PM
DPJ’s Nakagawa Says Treasuries Remark Personal, Not Party Policy
May 13 (Bloomberg) -- A senior member of Japan’s opposition party said his comment that the government should stop buying dollar-denominated Treasuries in favor of yen-denominated U.S. bonds didn’t reflect party policy.
Masaharu Nakagawa, chief finance official in the Democratic Party of Japan, said in an interview with the British Broadcasting Corp. that he was worried about the value of the dollar and that Japan should only buy yen-denominated bonds. He told Bloomberg News today in Tokyo that he was giving his personal opinion in the BBC interview.
real6
22-06-2009, 07:34 PM
Can we all read between the lines at these old news articles???
Watanabe Says It’s Unrealistic to Ask U.S. to Issue Yen Bonds
By Keiko Ujikane
May 15 (Bloomberg) -- Hiroshi Watanabe, a former top currency official at the Japanese Ministry of Finance, said asking the U.S. to issue yen-denominated bonds is unrealistic.
“I don’t think it’s realistic that the nation with the world’s reserve currency would raise money in other countries’ currencies,” Watanabe, now president of the state-run Japan Bank for International Cooperation, said at a meeting with the press in Tokyo today.
Watanabe was responding to comments made by Masaharu Nakagawa, finance spokesman of the opposition Democratic Party of Japan, who said the government should ask the U.S. to sell debt denominated in yen, so-called samurai bonds, because he’s concerned about the dollar’s future value.
“It wouldn’t be that meaningful for Japan to ask the U.S. to issue samurai bonds,” Watanabe said.
Nakagawa said on May 13 that he had been expressing his personal opinion, not party policy, in an interview with the British Broadcasting Corp. that Japan should stop buying dollar-denominated U.S. government bonds. He confirmed saying he was worried about the value of the dollar and that it was preferable for Japan to only buy yen bonds. He also said the DPJ hasn’t formulated a policy about U.S. Treasury holdings.
Watanabe said the Japanese government is unlikely to sell its U.S. Treasuries because that may cause the dollar to plunge and the yen to surge, hurting exporters.
Japan is the world’s second-largest holder of Treasury notes, after China. Japan’s holdings rose 4.3 percent to $661.9 billion in February, according to a U.S. government report.
real6
22-06-2009, 07:35 PM
Japan May Scrap 50 Trillion-Yen Plan to Prop Up Stock Market
May 28 (Bloomberg) -- Japan’s ruling Liberal Democratic Party may abandon a bill that would set aside 50 trillion yen ($520 billion) to buy shares from the market because stocks have rebounded from a 26-year low, lawmakers said.
“A system of buying stocks directly may provide a sense of relief when shares plunge,” Naokazu Takemoto, chief director of the LDP’s lower house finance committee, said in an interview in Tokyo on May 26. “But stocks have been stable, so the measures aren’t necessarily that essential.”
Investor optimism that the worst of Japan’s deepest postwar recession is over has led the recovery in the Nikkei 225 Stock Average, which tumbled a record 42 percent last year. Direct purchases would be the first among the Group of Seven industrialized nations and would affect prices more than the Bank of Japan’s program of buying shares from lenders to cushion their balance sheets.
“I don’t think there’s really a crisis in Japanese stocks to begin with,” said Naomi Fink, Japan strategist at Bank of Tokyo-Mitsubishi UFJ Ltd. in Tokyo. “It might even undermine Japanese equities because foreigners are going to say ‘wow, the government is propping up prices and how do we know whether it actually reflects the value of the firms or not?’”
The bill was submitted to parliament on April 27 as part of Prime Minister Taro Aso’s record 15.4 trillion yen stimulus package. Under the plan, the government would set up a state- owned entity to buy exchange-traded funds, which are instruments that track stock indexes, as well as equities listed in the indexes and related derivatives for three years.
Raise Money
The body would raise money by borrowing from the Bank of Japan or commercial lenders as well as issuing bonds, and the government would set aside 50 trillion yen to guarantee the investments.
Deliberations on the law haven’t taken place because the opposition Democratic Party of Japan, which controls the upper house, is against the measure. While the ruling coalition can use its two-thirds majority in the lower house to pass the bill if it’s rejected, Takemoto, 68, signaled the LDP may not force the bill through parliament.
“Whether we need to revote and pass the bill even after it’s defeated in the upper house depends on economic conditions,” Takemoto said. “People were split about the bill to begin with and even a majority of lawmakers regarded as economic experts in our party are opposed to the idea.”
Finance Minister Kaoru Yosano said on May 22 that “the argument is losing force” given that stock prices are recovering. The Nikkei has risen 34 percent since March 10, when it fell to 7,054.98, the lowest since October 1982.
Distort Prices
Masaharu Nakagawa, the DPJ’s shadow finance minister, said the party opposes the measure because it may distort stock prices. He said the government should consider buying stakes in financial institutions should plunging equities erode their capital.
“It goes against the market’s mechanisms to begin with,” Nakagawa, 58, said in an interview on May 26. “We’re absolutely against it. Even discussing it would look bad.”
As a separate measure, the government has already set aside 20 trillion yen to purchase stocks owned by banks to bolster their capital. The Bank of Japan has decided to buy 1 trillion yen of shares held by lenders to ease a credit squeeze.
The government last bought stocks owned by financial institutions from 2002 to 2006.
Yoshinori Ohno, an LDP lawmaker who compiled the bill, said even though equities have recovered, it’s important to show the government is committed to preventing a plunge of stock prices given the severity of the current financial crisis.
real6
22-06-2009, 07:37 PM
China cut its Treasury bond holdings by $4.4 billion in April, down to $763.5 billion. This was the first time its dropped in 11 months.
And earlier this month, Russia said it planned on cutting its Treasury bond holdings, too, down from the current 30% of its $400 billion-strong sovereign wealth fund.
Did the Japanese Try to Dump $135 BILLION in US Bonds on the Black Market?
Last Friday morning, Treasuries rallied as the Japanese Minister of Finance Kaoru Yosano went on the public record to say that his faith in US Treasuries and America’s ‘strong dollar policy’ was ‘unshakeable’.
See here:
As far as I could tell, the Bloomberg article did not indicate that this statement was in response to any recent event, challenge, rumor or inquiry. In fact, it appeared to materialize out of the ether. The article stuck in my memory specifically because the Japanese opposition, the Democratic Party of Japan, issued a proclamation on May 12, 2009 to the effect that if elected, they would refuse to buy US government bonds. I dismissed it at the time as populist agitation, recognizing however that such a statement must at some level represent a weathervane of considerable public sentiment, something along the lines of Nikita Khrushchev’s “we will bury you” speech at the Kremlin in 1956.
As a made my usual round of blogs, major networks and syndicated news sites, an article popped up on my radar alleging that Italian police captured two unidentified Japanese men trying to illegally cross the border from Italy into Switzerland-carrying $134.5 billion dollars in US government bonds in a false-bottomed briefcase. At first, I chuckled at what had to be the boldest counterfeiting attempt of the century. Then my spider-sense started tingling.
The securities were divided among 249 certificates of 500 million each, along with ten other certificates each worth $1 billion respectively. The men captured were not named, nor to this date have they been charged with any crime. With the exception of two articles roughly three paragraphs long on , which at no point in time appeared on the main page and had to be dredged up via a keyword search, a follow-up search on Google, Bing and Yahoo! reveal an almost complete media blackout of what is at the very least, the most elaborate counterfeiting attempt we have ever seen in a generation, and at the worst, a sinister omen for the future of American debt.
There were no headlines on CNBC, MSNBC, CNN, the BBC, FOX business news, or any other western media network, whereas the article is already spreading like wildfire through the Italian, Swiss and Asian news networks. The articles first began appearing on June 11, exactly one day before Yosano began singing the praises of US Treasuries.
These denominations are strictly for government-to-government transactions and are not found in the private sector. The 16 primary dealers who make a market for US government debt are the only private sector organizations even remotely likely to have access to bonds of that size in paper or bearer form. However, the auction process is entirely electronic and has been so for decades ever since the Depository Trust and Clearing Corporation was established. This would suggest that these bonds, if real, belonged to a Central Bank.
As for forgery, any potential buyer who would be interested in buying government bonds in that denomination would not only have the technology sophisticated enough to authenticate then within seconds, but would need to have the financial networks and the banking infrastructure to make the transition from bearer bond form to transferable accounts, or cash. As such, it would be extremely difficult for a forger to make a successful market in denominations typically exclusive to central bank transactions because of the eyebrows it would raise. This is why art forgers generally try to avoid replicating Rembrandt and other high-profile old Masters. The values are so high, and the market so thin, that the white-hot intensity of the screening process would immediately expose all but the very best counterfeiters. As such, when such forgeries do occur at that level, they are almost never sold directly to auction houses. A forger must provide not only certificates of authenticity, but proof of fire and theft insurance with a major art insurer.
The identities of the men captured have been withheld, and as of this writing (pending further developments) there is nothing to indicate that they have been formally charged with a crime. The men captured are being treated with the courtesy normally provided to government agents. Colonel Mecarelli of the Guardia di Finanza in Italy said that he asked the SEC to verify the bonds authenticity, and that he expects a reply “within a few days” according to the Bloomberg article which can be read in its entirety here:
apps/news?pid=newsarch...
And then we have the suspicious comments uttered the following day by Yosano which were widely disseminated throughout the news media - with no immediate reference to what I have decided to refer to as the ‘Italian Incident’. The $134.5 billion in US government bonds would have represented roughly a third of the Japanese’ debt holdings. As such, any attempt to liquidate them openly would have resulted in a panic- and a potential collapse of the Treasury market.
The evidence as of this writing strongly suggests that a major Central Bank, most likely the Japanese, attempted to liquidate $134.5 billion dollars in US government debt on the black market, at what would have to be a deep discount. The ‘Italian Incident’ is perhaps the biggest news story never to hit the front page.
Assuming this is in fact the case, it means that the market for Treasuries is inefficient. Vital price signals that would have been sent through an open liquidation have been suppressed due to parallel market activity. These and other concerns have led to the increased popularity of TBT and ETFs that attempt to replicate the inverse performance of dollar and Treasury bond indices. I am not a fan of leveraged ETFS for reasons other than intra-day trading, but would strongly encourage investors to find ways both transparent and liquid to hedge their overall dollar exposures.
el jefe
22-06-2009, 09:14 PM
Cause people are fucking retarted and dont do their homework maybe?
Wow, those look legit to me :D
el jefe
22-06-2009, 09:44 PM
Have we actually figured out if the US ever printed $1bil bonds?
zero1
22-06-2009, 09:52 PM
Have we actually figured out if the US ever printed $1bil bonds?
It would be kept a secret if they did. No doubt in my mind they have @ some time in the past.
yozhik
22-06-2009, 10:37 PM
Have we actually figured out if the US ever printed $1bil bonds?
From the OP;
What caught the policemen’s attention were the billion dollar securities. Such a large denomination is not available in regular financial and banking markets. Only states handle such amounts of money.
real6
22-06-2009, 10:39 PM
From the OP;
UPDATE - JUNE 20 1435 HRS ET -- The Turner Radio Network has obtained photos and video from the Guardia di Finanza (Italian Financial Police) showing the actual $134 Billion in U.S. Bonds, with coupons attached, which were caught being smuggled from Italy into Switzerland.
The bonds were intercepted in Chiasso, Italy at the border of Switzerland.
The Bonds were owned by the country of Japan since the early 1980's when printed bonds were still issued by the U.S. Treasury. Today, all such Bonds are done electronically.
The paper bonds below were being smuggled into Switzerland by employees of the Japan Finance Ministry so they could be sold, at discount, under the anonymity of Swiss financial laws. If no one knew Japan was dumping US Treasury bonds, it would not cause a panic worldwide as other nations dumped their US Treasuries too. Japan was rudely surprised when the two employees of the Japan Finance Ministry were grabbed at the Italian border.
Japan sent the $134 Billion in bonds to Switzerland because Japan has lost faith in the ability of the U.S. government to repay its debts and Japan wanted to sell the bonds at a discount off face value with the hope of recouping at least some of the money before the U.S.collapses economically.
Those of you around the world who are holding U.S. Treasury notes would do well to consult with a qualified financial planner to see how quickly you can dump any U.S. Treasury Bonds and any U.S. Dollars you may be holding before the U.S. suffers the economic collapse which is now unavoidable.
If you are left holding Bonds or Dollars, you will likely be financially wiped out when the US Government repudiates its debt because it simply cannot pay anymore.
In the photo below, the piles of Bonds which appear to have a cash-like top have a face value of five hundred million dollars each ($500,000,000) and the smaller Bonds at the bottom right of the table are "Kennedy Bonds" with a face value of one billion dollars each ($1,000,000,000)
The total face value of the bonds shown on the table below is one hundred thirty four billion dollars!
real6
22-06-2009, 10:40 PM
watch?v=eMU7zeZcFUg
el jefe
23-06-2009, 04:01 AM
From the OP;
I think they are more or less talking about the amount rather than the physical version of it.
Have there been real $500mil and $1bil paper bonds issued to China/Russia/Japan? Would we even be able to find out?
yozhik
23-06-2009, 04:31 AM
I think they are more or less talking about the amount rather than the physical version of it.
Have there been real $500mil and $1bil paper bonds issued to China/Russia/Japan? Would we even be able to find out?
I don't agree ... I might be wrong, but I don't agree.
The original article states "Such a large denomination" (singular) not "total".
In context, I took this to mean a USD$1 Billion denomination in a single bond.
USD$1 Billion in TOTAL bonds, would not be so unusual or draw attention.
Or have I misunderstood your meaning?
el jefe
23-06-2009, 06:50 PM
Oh I see now, ya denomination would signify the physicsal version of it. Wish we had more than a news article to verfiy these types of bonds ever existed
yozhik
23-06-2009, 07:06 PM
Oh I see now, ya denomination would signify the physicsal version of it. Wish we had more than a news article to verfiy these types of bonds ever existed
It has never been denied, which I find telling.
The Treasury spokesperson said there were no such things as Kennedy Bonds, which was proven to be a lie ... but no-one has ever said that USD$1 Billion denomination bonds did not exist.
el jefe
23-06-2009, 07:37 PM
One other thing, every source before the Treasury spoke up states they are Kennedy bonds. If this image Turner Radio Network received is legit:
Why were they calling them Kennedy Bonds if the word Kennedy nor his pic is nowhere to be found on it?
el jefe
23-06-2009, 07:45 PM
The Guardia di Finanza has now sent the seized "bonds" to Washington, so that the US Treasury can let the Italians know whether they were or fake or not.
But already US Treasury spokesman Steve Meyerhardt, who has seen the photos, has few doubts.
"There's no way on earth these things are real," he says. "From the pictures we've seen of these supposed bonds, they certainly look fake. They don't look like anything the US Treasury has ever issued."
Why would they send them to the US if they are fake? Just destroy them....And still he not once mentions the US has never printed such denominations. Is BBC that far behind and didnt see the US Treasury statement from the 19th?
el jefe
23-06-2009, 08:14 PM
Well, there are people that stupid. In 2001, Phillipine authorities seized $2 trillion in fake Treasury bonds. A year before that, they seized $60 billion. A month before that, they seized $50 billion.
From the 2001 incident:
BBC News | ASIA-PACIFIC | Trillions of fake US bonds seized ()
David Popp of the US Treasury Department said the fakes were of very good quality, but some of the bond denominations did not exist.
The US bonds were in denominations ranging from tens of thousands of dollars to $250m, while the counterfeit bonds of other countries had a face value as low as $30.
Mr Popp said the large bonds may have been meant for a major ''lost treasure'' swindle.
''Very frequently these fraudsters weave a tale that there are these long-lost Federal Reserve bonds hidden away or found in a plane crash,'' he said.
So this Treasury Rep from 2001 states the denominations don't exist but the US needed 16 days to look at pics and determine if these larger denominations existed?
el jefe
24-06-2009, 08:32 PM
Latest article:
Fake U.S. Bonds 'Manufactured in N.Korea'
It appears North Korea is printing counterfeit U.S. bonds. An Italian newspaper reports a recent mysterious case involving US$134.5 billion worth of counterfeit bonds has a North Korea connection. Earlier this month two Japanese nationals were caught in Italy allegedly trying to smuggle the bonds into Switzerland.
Il Messaggero says the fake bonds may have been manufactured in North Korea since the two men are North Korean agents and are believed to have been seeking to purchase weapons.
yozhik
24-06-2009, 08:37 PM
how convenient. :rolleyes:
... and yet recent reports stated they were japanese businessmen; Japan even confirmed they were Japan nationals, yes?
There were also strong suggestions they were on official Japanese business.
Weren't there also reports of Japan and Italy negotiating over the 40% "commission"?
Strange that this comes at the EXACT time North Korea states that if the US provokes it, North Korea will wipe the US, the world bullies, off the face of the earth.
Nice timing ... :D
smoke n mirrors
24-06-2009, 09:04 PM
@ el jefe,
Do you actually believe the US/Fed could be trusted on any issue concerning money or bonds?
If they could refute the legitimacy of a 20 year old bond, I have no doubt in my mind that they would. After all its their word against the holder and we all know how honest the Fed is. :rolleyes:
.
el jefe
24-06-2009, 09:08 PM
Do you actually believe the US/Fed could be trusted on any issue concerning money or bonds?
Nope, but millions of people are clueless and would rather side with a MSM article stating a US Treas Rep said they were fake. At least thats what Ive gotten from all the threads Ive started on this.
yozhik
24-06-2009, 09:09 PM
Nope, but millions of people are clueless and would rather side with a MSM article stating a US Treas Rep said they were fake. At least thats what Ive gotten from all the threads Ive started on this.
Obviously not on this thread :)
I haven't seen a single post supporting the reports the MSM spew out.
real6
24-06-2009, 09:13 PM
Securities seized in Chiasso still between a wall of silence and a flow of disinformation
Neither Italian nor US authorities have officially said whether the seized US Treasury bills worth US$ 134.5 billion are real or fake. A US Treasury spokesperson said they were fakes, but acknowledged that he only saw them in a photo on the internet. For Italy’s financial police, if they are forgeries, they are practically indistinguishable from the real stuff. Both the US Federal Reserve and the Bank of Japan have an interest in denying their authenticity.
Milan (AsiaNews) – Italy’s financial police (Guardia di Finanza) seized US$ 134.5 billion last 3 June. In the following days the news hit the front pages of Italian newspapers and became a major story in the country’s news broadcasts.
AsiaNews is a missionary news agency, not an economic agency and began reporting the story a few days later (8 June) noting how foreign media were ignoring news of such importance which could have major social and economic implications for Asia (and the rest of the world) and this irrespective of whether the bills were real or not.
Despite the many uncertain explanations, one thing is certain, namely that the major print and electronic media and the authorities have said almost nothing about it.
So far the only official statement made by any government authority is that by the Italian financial police, on 4 June, right after the money was seized. The only new piece to this big puzzle is information from Japanese agencies which cite Japanese consular sources.
According to them, the two Asian men stopped at Ponte Chiasso (Italy) on their way to Chiasso (Switzerland) were indeed Japanese nationals, one from Kanagawa Prefecture (central Japan) and the other from Fukuoka Prefecture (western Japan).
The only other certainty is that both men were released after their identity was established.
If police had enough elements to conclude that the securities were fakes (and this is true even for lower denominations or net worth), it had to arrest the two men. Failure to do so would have meant charges for the police officers involved.
If this was not the case, then the two men were released because police authorities were convinced that the securities were real. In fact under Italian law, the authorities could not arrest the two Japanese nationals but could only impose a fine worth 40 per cent of the value of anything above 10,000 €.
If this did not happen, there is only one other possible explanation, namely that an order from higher up the chain of command in the government came on national interest grounds.
Neither the Guardia di Finanze nor any other Italian government agency has released an official comment or statement on the matter one way or the other. It is not even known if a written fine was issued (had it been it would indicate that the securities were real for the police).
All that AsiaNews can conclude is as follow:
The first report by an international news agency is dated 12 June and is by Bloomberg. It includes something odd. Some of the seized securities were issued in 1934; a detail not found in the statement issued by Italy’s financial police.
One can argue from the facts that this detail could have indicated in which direction someone was trying to move the affair, i.e. towards the idea that the bills were fakes.
Conversely, we do know that the US treasury did issue one billion dollar Kennedy Bonds less than ten years ago, like those mentioned in the police’s official statement of 4 June, but whether the latter are real or not is something that has not yet been officially determined.
So far little has been said about who the two Japanese men really are. Given what the securities are worth this is understandable, albeit unusual.
Two weeks after the story initially broke Bloomberg quoted a US Treasury official, Stephen Meyerhardt, who could claimed that the securities were “clearly fakes”. Yet in another interview Meyerhardt said that he had not seen the securities in person but had relied on a photo on the internet to reach his opinion.
Also, two weeks into the affair, after Italian and US authorities were informed about the seizure, no one from the US Treasury has yet to come to Italy to check out their authenticity; indeed such a simple operation if we are to believe Mr Meyerhardt since he could reach that conclusion just by looking at an internet photo and this against the backdrop of the Italian financial police which claims that if the securities were indeed counterfeit they were so well done that they were indistinguishable from real ones.
What this means is that either the Italian policemen are totally incompetent (which is not very likely) or that Meyerhardt’s statement should be taken with a pinch of salt.
Since no official statement has been forthcoming from the authorities, all we have to rely on is an interview by the commander of the Guardia di Finanza detachment in Como to a news agency in which he expressed his own opinion, not that of his force, which is thus not formally bound by what he said. Even then, as far as the authenticity of the securities is concerned all Colonel Mecarelli would say is that Italy’s financial police “is waiting for our US colleagues to determine whether the bonds are real or forgeries.”
Whatever the case may be, the fact that two weeks into the affair US experts in counterfeit securities have not yet arrived in Italy raises more than one question; after all we are talking about US$ 135.4 billion.
Often considered a good authority in journalism, London’s Financial Times seems to have jumped to the wrong conclusion when in a recent article it claimed that the seized faked securities were the “the latest handiwork of the Italian Mafia”, thus accepting uncritically that the US Treasury bills were fakes. In fact it did not show how they were linked to the mafia.
Confidential sources, whose reliability AsiaNews could not confirm, claim that one of the two Japanese stopped and then released in Ponte Chiasso was Tuneo Yamauchi, brother-in-la of Toshiro Muto, who was until recently Deputy Governor of the Bank of Japan, which of course does not automatically mean that the securities are real.
However, other sources are saying that for Italian authorities they are real and that Rome is unwilling to play along with the US Federal Reserve, which described them as fakes without taking a peak at them, except via the internet.
What seems clear is that the Federal Reserve has a vested interest in helping the Bank of Japan get the Securities back to avoid paying the Italian fine. The Fed in fact is having a hard time trying to sell its bills on various markets and the Japanese are its main buyers.
At the same time the Berlusconi administration in Italy, despite its popularity and electoral successes, could come under pressure at home if the securities are actually real and it came out that it was unwilling to enforce its own laws on Italian territory.
smoke n mirrors
24-06-2009, 09:14 PM
Nope, but millions of people are clueless and would rather side with a MSM article stating a US Treas Rep said they were fake. At least thats what Ive gotten from all the threads Ive started on this.
Thats the problem with governments and bankers that tell lies, and cheat and swindle people. Eventually nothing they say can be trusted and with good reason! :rolleyes:
Heres another thread for you :)
Enjoy
.
real6
24-06-2009, 09:18 PM
The largest international financial smuggling conspiracy event ever…. went down on Wednesday June 3, 2009, in the remote Italian-Swiss border town of Ponte Chiasso. Two “Japanese” men, who have yet to be named, were allegedly carrying USD $134.5 billion worth of financial instruments. The Guardia Italiana di Finanza who is carrying out the investigation claims to have tracked the men from Milan where they boarded a train for Lugano, but transferred en route to a local train to cross over the border. In a hidden compartment of a suitcase, officials found 249 US Federal Reserve bonds each worth $500 million, plus ten Kennedy bonds with face values of $1 billion. One of the men is reported to be from Kanagawa prefecture, the other from Fukuoka. Here’s a Japanese news report.
Anonymous bearer bonds are the medium of choice when it comes to laundering money internationally. You can carry a ginormous amount around on a piece of paper, and as long as it's in your hand, you own it- no signatures, no notaries... puff, puff, give. The security on these things is so problematic that the Treasury hasn't been known to issue solely paper notes since the early 80's. They've since tried to keep a registry of sorts on who is holding what debt and track down all outstanding paper trails from years gone by.
But it's tricky. The Germans were making fake bonds during WWII, in an attempt to destabilize Allied economies. Operation Bernhard was intended to drop banknotes and bonds from passing airplanes over Britain.... the deposit never materialized, but the notes did. Even the CIA has had some forged bonds printed here and there. Some of these went down with a DC-10 plane crash in the Philippines and ended up in the hands of MILF rebels among others (note- there are entire islands under the control of MILF forces- the Moro Islamic Liberation Front- in the Philippine archipelago). Some of these notes surfaced in San Diego in 2004.
As for the Italian job, a spokesperson for the US treasury department, Stephen Meyerhardt, has stated that the notes are "clearly fakes" but even that claim was based on an internet photo assessment. The only official statements regarding the whole fracas were those made by the border patrol on June 4 right after the "instruments" were seized and the report issued by Colonel Rodolfo Mecarelli of the Como provincial finance police when the two men were released.
If the bonds are phony, why were the men released? Fraud after all is a crime, and if there was legitimate evidence that the US bonds were going to be put up as collateral for Swiss francs or Euros, the men could be held for conspiracy to commit fraud. However, if the bonds were in fact real... under Italian law, the men cannot be arrested. They can only be fined for exceeding the legal take-out limit of 10,000 euros. Incidentally the fine is 40% of the amount found.... and that 40% would go straight to the government of Italy- who probably wouldn't want to talk about it.
And that's where the fun begins.
Problem I.
If these bonds are fake... they're still very expensive to make, or at least keep other people's grubby hands off of: Where did they come from? Who made them? Are there more? Where were these guys headed? Why were they carrying them in a suitcase and not under better cloak and dagger? Even Don Johnson knows traveling in Switzerland requires a Mercedes and some henchmen.
Problem II.
If these bonds are real:
Who wins? 40% of 134.5 billion is a lot of money that goes straight to Italian coffers. That could clear up a good chunk of the nation's debt. Does the rest come back to America? Was this planned as some kind of payoff to Fiat for helping cover the auto failure?
Who loses? was Japan caught trying to secretly drop their American good faith? Or is this some kind of arranged deal to preemptively knockout Japan's attempt? In the days after this report surfaced, the Japanese Finance minister resigned. Japan has stated publicly it is steady with it's holdings. These may be completely independent events. The Japanese guys may or may not even be Japanese. One Italian news site reports that atleast one of the men is a well known Filipino con man named Yohannes Riyadi....another Asian news affiliate suspects one of the men could be Tuneo Yamauchi, a brother-in-law of Mr. Toshiro Muto, who was until recently Deputy Governor of the Bank of Japan.
The Human need to pattern keeps the internet awash with plenty of conspiratorial debauchery.
June 23, 2009 - Posted by cultandpaste | Miscellany | 134.5 billion bearer bonds, Bernhard Krüger, Bernhard Krueger, central bank dump, Chiasso train station, Conspiratorial debauchery, counterfeit treasury bonds with kennedy's picture, Division 39, Don Johnson 8 billion Switzerland Germany, fake bonds italy, ginormous amount of money, Guardia italiana di Finanza and the great muppet caper, Japanese men on a train in Chiasso, Joseph Daraman, Largest bank robbery in history was in Baghdad, largest fake financial instrument ever blown, MILF island captured, Operation Bernhard, Over the counterfeit, Salomon Smolianoff, Seán Garland, superdollar found, Wilfredo Saurin, Yohannes Riyadi | No Comments Yet
real6
24-06-2009, 09:23 PM
From a blog in Japanese:
One of involved two Japanese men is Tuneo Yamauchi. He is brother-in-law of Mr. Toshirou Mutoo, former deputy Governor of Bank of Japan.
real6
24-06-2009, 09:25 PM
el jefe
24-06-2009, 09:30 PM
All that AsiaNews can conclude is as follow:
The first report by an international news agency is dated 12 June and is by Bloomberg. It includes something odd. Some of the seized securities were issued in 1934; a detail not found in the statement issued by Italy’s financial police.
Wow I had not realized this
Conversely, we do know that the US treasury did issue one billion dollar Kennedy Bonds less than ten years ago, like those mentioned in the police’s official statement of 4 June, but whether the latter are real or not is something that has not yet been officially determined.
woh woh woh, wheres the proof? Everyone email them and ask about this ^
Also, two weeks into the affair, after Italian and US authorities were informed about the seizure, no one from the US Treasury has yet to come to Italy to check out their authenticity;
Exactly my point
el jefe
24-06-2009, 09:31 PM
From a blog in Japanese:
One of involved two Japanese men is Tuneo Yamauchi. He is brother-in-law of Mr. Toshirou Mutoo, former deputy Governor of Bank of Japan.
seriously?
real6
24-06-2009, 09:33 PM
seriously?
No bullshit my brother....
Also take this into consideration...
Obama & Japan’s Interior Minister Kunio Hatoyama be involved plus the internationa bankers 'Which they are"?
The WSJ reported on March 30 that Treasury Has $134.5 Billion Left in
TARP…”The Treasury Department said it has about $134.5 billion left in
its financial-rescue fund, giving the Obama administration a cushion
as it implements expensive programs aimed at unlocking credit markets
and boosting ailing industries”….
And this is what these 2 Japanese business men had in a suitcase...
Hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm.
el jefe
24-06-2009, 09:35 PM
You use a translator or where did "One of involved two Japanese men is Tuneo Yamauchi. He is brother-in-law of Mr. Toshirou Mutoo, former deputy Governor of Bank of Japan." come from on the page?
Found this from the 18th, seems were behind the times...
(A_to_Z)/Stocks_S/threadview?m=tm&bn=72878&tid=111099&mid=111391&tof=14&frt=2
real6
24-06-2009, 09:36 PM
Toshiro Muto: Challenges facing Japan's economy – a case for structural reform
Toshiro Muto: Challenges facing Japan’s economy – a case for structural reform
Speech by Mr Toshiro Muto, Deputy Governor of the Bank of Japan, at the Japan Society, London, 7 September 2007.
* * *
It is my great honor to speak to you today, the esteemed members of the Japan Society. When I was last invited to speak here in 2004, the Japanese economy was just coming out of a protracted downturn after the collapse of the bubble and was at last moving onto a full-fledged recovery path. Japan's economy has since continued its growth and I am happy to report to you today that the recovery, which started in 2002, is now in its sixth year and has become the longest in the postwar era.
I. Current economic situation in Japan
First, let me briefly discuss the current Japanese economic situation. Japan's economy has been experiencing a sustained period of growth at the rate of around 2 percent, which is slightly above the potential growth rate, supported by strong external demand and stable domestic demand.
Conditions in the corporate sector are particularly good. According to the Tankan (Short-Term Economic Survey of Enterprises in Japan), a business survey conducted by the Bank of Japan, the ratio of firms' current profits to sales is at a record high and corporate fixed investment this fiscal year is likely to register its fifth consecutive year of growth.
Those favorable conditions in the corporate sector are gradually but steadily feeding through to the household sector. Although wages are not yet rising, as I will discuss in more detail later, household income is trending upward via several channels, for example, increases in the number of employees and in dividends, and private consumption is steady. Under those circumstances, the utilization of resources such as production capacity and labor is increasing. The unemployment rate has come down to 3.6 percent for the first time in nine years.
There are two main factors behind Japan's continued economic growth. The first is growth in exports on the back of the global economic expansion. The extension and deepening of the international division of the production process, particularly in Asia, along with rapid growth in newly industrialized economies, have together greatly contributed to the growth of our economy.
The second is the recovery of strength in the corporate sector along with the restoration of stability in the financial system. From the latter half of the 1980s, the formation and subsequent collapse of the economic bubble left firms burdened with excesses in debt, production capacity and labor, and financial institutions with significant holdings of nonperforming loans. Firms have since restructured their business lines and improved their financial standing, while the rate of banks' nonperforming loans has been reduced from a peak of above 8 percent to below 3 percent. I think it is fair to say that those impediments have now mostly been removed.
II. The price situation
On the price front, there is not yet any evidence of inflationary pressure despite steady growth in the economy. The annual rate of change in consumer prices (excluding fresh food) stayed negative from fiscal 1998 through 2004. Although small but positive in both fiscal 2005 and 2006, the recent figures are again negative, albeit marginally.
The absence of inflationary pressure despite steady growth in the economy is one of the distinctive features of the current recovery and also a somewhat puzzling phenomenon. Behind it, I believe, lie three changes affecting the formation of prices and wage-setting.
The first is the advance of economic globalization. As globalization proceeds, competition with newly industrialized economies that enjoy lower labor costs has been compelling firms to raise productivity and to retain their restrictive stance on labor costs, together with greater exposure to the discipline of the capital market.
The second is the influence of deregulation. Even nonmanufacturing firms, which are relatively unexposed to the global market, find themselves in a fiercely competitive environment as deregulation and realignment of the industry continues.
Attitudes on the part of employees could be listed as the third change. Employees, having experienced a protracted period when the employment situation was severe, still tend to prefer stable employment to wage increases.
Taking a rather longer perspective, however, the environment surrounding prices is likely to change gradually. First, with the economy continuing to grow steadily, overall supply and demand conditions are likely to tighten.
Second, labor market conditions are becoming tighter, as indicated by the decline in the unemployment rate. That will eventually lead to rising wages although this may be gradual.
Third, surveys of inflation expectations in the private sector suggest moderate rises in prices ahead. Given those factors, the annual rate of change in our consumer prices is expected to be around 0 percent in the short run, but gradually to rise in the longer run.
III. The conduct of monetary policy
I will now turn to the conduct of monetary policy. In a situation where prices are not rising while the economy is growing steadily, the Bank has been adjusting the level of interest rates in a gradual manner. Our policy interest rate, the call rate, now stands at 0.5 percent after being raised twice since the termination of the quantitative easing policy in March 2006.
The Bank has no plans to abandon this basic idea about the conduct of monetary policy. In other words, while assessing the situation of the economic activity and prices in a forward-looking manner, if the Japanese economy is deemed likely to follow a path of sustained growth under price stability, the Bank intends to adjust the level of interest rates gradually in accordance with improvements in the economic and price situation.
At the Monetary Policy Meeting in August, we decided to keep our policy interest rate unchanged. The Japanese economy is expected to continue to enjoy sustained growth. However, global financial markets have been exhibiting some volatility recently, triggered by the subprime mortgage problem in the United States. Although that seems basically to reflect a reevaluation of risk by investors, we believe that the market situation deserves close attention, along with the global economic developments. We will carefully assess incoming economic data and other information as well as the financial market situation both at home and abroad, so as to ensure appropriate policy decisions.
IV. Challenges facing Japan's economy
So far, I have explained the path of Japan's economy to date, and also our thoughts on the conduct of monetary policy. I hope that the economy will remain on a stable growth path and will be able to match the UK's record 15-year expansion. However, I am aware that a number of domestic issues, such as the declining birth rate and population aging along with the need for fiscal consolidation, have made some people skeptical about the future of Japanese growth. I will use the rest of my allotted time to talk about three issues, and to explain how they are being dealt with.
The first issue is the declining birth rate and the aging population. Although the problem is being experienced by many leading economies, the situation is especially serious in Japan. It is not easy to maintain the pace of economic growth when the working-age population, of those aged between 15 and 64, is decreasing at a rate of nearly 1 percent a year.
Under such circumstances, society's key task is to bring those members of the elderly and female population who are willing to work into the workforce. Firms, as a move toward solving the problem, have been diversifying their employment patterns. As a result of such efforts, labor force participation rates among the females and the elderly are increasing and the total number of employees is growing at around 1 percent a year despite the diminishing working-age population.
Considering the labor market over the longer term, however, there is evidently a need to start exploring other possible measures to deal with the declining population. For that point, I am informed that the UK has accepted around 6 hundred thousand immigrants in the last three years and they are contributing to the growth of the UK economy. Japan too needs to consider accepting more foreign workers, while paying due attention to its impact on Japanese society as a whole.
The second issue is fiscal consolidation. Basically, I believe that it should be carried out in as transparent a fashion as possible. The long-term path of fiscal consolidation and its measures should be spelt out clearly in advance.
As for the pace of consolidation, it is important that it should be measured, with each step taken in confidence that the economy remains on a sustainable growth path. That is how fiscal consolidation has proceeded to date.
The Japanese government, while establishing a precise target for how much they intend to reduce fiscal expenditure, aims to achieve a surplus on its primary balance by the early 2010s. The primary balance deficit, which expanded to around 6 percent of GDP in fiscal 2003, is expected to fall to around 0.9 percent this fiscal year. Spending on public works for this fiscal year, in particular, has declined to around half its peak in fiscal 1995. The amount of the reduction is large, corresponding to around 4 percent of GDP.
Yet even with such steady progress in fiscal consolidation, the public debt, at over 140 percent of GDP, is still the largest among leading economies. The government's next step is to secure a stable reduction of this rate by the mid-2010s. It will be a considerable challenge when social security expenditure is increasing due to the aging population. And additional measures to reduce expenditure and maintain revenue levels, including possible changes in the consumption tax, should be examined, following nationwide discussions.
The third issue is the intensification of competition with newly industrialized economies. Particularly during the period after the collapse of the bubble economy when Japan was undergoing heavy economic adjustments, the growing presence of newly industrialized countries tended to be regarded as a threat to Japan's competitiveness.
In recent years, however, Japanese firms have become better adapted to the situation and a new international division of the production process, concentrated in Asia, has been established. That is evidenced by the changing composition of Japan's imports from Asian countries. The composition has been gradually shifting away from labor-intensive products, such as clothing and other light manufacturing goods, toward machine products that require a relatively high degree of processing, such as IT-related machinery. Against that background, intra-regional trade has been expanding. Japan has been exporting high-tech parts and importing final goods from Asian countries assembled utilizing the abundant labor force in the area.
real6
24-06-2009, 09:36 PM
You use a translator or where did "One of involved two Japanese men is Tuneo Yamauchi. He is brother-in-law of Mr. Toshirou Mutoo, former deputy Governor of Bank of Japan." come from on the page?
Found this from the 18th, seems were behind the times...
(A_to_Z)/Stocks_S/threadview?m=tm&bn=72878&tid=111099&mid=111391&tof=14&frt=2
Well its all online. But one of my homegirls in Japan sent me that.
smoke n mirrors
24-06-2009, 09:40 PM
@ el jefe,
This was a link in the tread I posted for you just now...
.
el jefe
24-06-2009, 09:41 PM
@ el jefe,
This was a link in the tread I posted for you just now...
.
I dont doubt this is far from the truth at all:
"There is now a secret war going on between the royal families who have real treasure (the British, the Chinese, the Thai etc.) and the aristocratic families who own dollar and Euro printing presses. At stake is the future of this planet. The owners of the real treasure want to start a new financial system backed by metals and start a campaign to permanently end war, poverty and environmental destruction. The owners of the money printing presses want to continue their cycle of perpetual war and terror in order to keep control over humanity. "
real6
24-06-2009, 09:48 PM
@ el jefe,
This was a link in the tread I posted for you just now...
.
About the $134.5 billion bonds found in Italy and the secret financial system
There is a lot of confusion these days among people who still believe the Zionist web of lies formerly known as the “mainstream consensus.” The story about the $134.5 billion in bonds found in Italy is adding to that confusion. Perhaps a bit of background information will help clarify the situation somewhat.
First of all people need to realize that there are two sets of books used in global finance: the “official” data put out by government agencies etc. and the secret financial arrangements used between sovereign entities (countries as well as organizations). When members of the British and Japanese royal families first contacted me and started talking about thousands of trillions of dollars, I thought they were bonkers. Officially world GDP is $55 trillion so their numbers seemed impossible. However, after meeting multiple sources ranging from freemasons, to yakuza, to MI6 to Japanese security police, to CIA etc. I can now confirm there is a secret financial system whose total worth is “quintillions of dollars.” I think the numbers got this big as a result of some sort of ridiculous contest to see who had the largest penis among the folk who control the printing presses for dollars and euros etc.
In any case, the bonds found in Italy are connected to a massive operation that took place in the Far East before and during WW2. Part of that involved the Japanese invasion of Manchuria. When the Japanese invaded Manchuria in 1931 the owners of the Federal Reserve Board contacted the Chinese emperor and said “the Japanese are about to steal the treasure you have in Manchuria. How about we take that treasure to the Philippines for safe keeping? In exchange we will give you 70-year US government bonds that you can use to buy stuff from around the world.”
The emperor agreed to the deal and the Americans started issuing huge numbers of bonds backed by the emperor’s gold. To keep these shenanigans out of the US public eye, they printed the bonds in the Philippines. Some of these bonds are the ones the two Japanese were carrying in Italy.
This whole thing also ties into 911 big time. When the emperor made his deal with the Feds he asked them what would happen when the bonds came due and the Feds refused to pay back the principal. He was told US criminal authorities would take action.
The owners of the Fed thought they would never have to pay back the money because they thought the last emperor died as a gardener in communist China. What they did not realize was that the man in China was a double and that the real emperor escaped to Taiwan. His grandson, the current emperor, is now the dean of a University (I know his name and what university but to protect him I cannot tell).
The grandson had many other treasures in addition to the one taken to the Philippines and so he sued the Feds using top lawyers. A giant investigation was set up in the US involving the Treasury police, the Naval Office of Investigations, the FBI and Cantor Fitzgerald Securities. When first bonds came due for redemption on September 12, 2001, they were set to move against the Feds.
Well by lucky coincidence on September 11, 2001 “Al CIADA” bombed the Naval Office of Investigations, etc. out of existence and the investigation was temporarily blocked as the US was turned into a fascist dictatorship (if you do not understand this find a copy of the Nazi laws and compare them to the patriot act).
There is now a secret war going on between the royal families who have real treasure (the British, the Chinese, the Thai etc.) and the aristocratic families who own dollar and Euro printing presses. At stake is the future of this planet. The owners of the real treasure want to start a new financial system backed by metals and start a campaign to permanently end war, poverty and environmental destruction. The owners of the money printing presses want to continue their cycle of perpetual war and terror in order to keep control over humanity.
The Japanese arrested in Italy were part of that secret war and they were released immediately and sent on their way with their bonds. There is so much contradictory information from the Italian Treasury Police, MI6 and Japanese military intelligence sources that I cannot say whose side these guys were on. I am just glad the astronomical numbers released to the corporate media created congnitive dissonance among the still brain washed.
el jefe
24-06-2009, 11:39 PM
Seems TRN is lying...
Just found this article from March 2006:
Turner Network is using the pics from this bust involving a guy from South Korea:
el jefe
24-06-2009, 11:44 PM
Damn how many times has this been attempted:
yozhik
24-06-2009, 11:44 PM
Seems TRN is lying...
Turner Network is using the pics from this bust involving a guy from South Korea:
Gee ... what a surprise.
MSM lying and using misleading pictures? :eek: ... unheard of ... must be the first time THAT has EVER happened!!!
:rolleyes:
el jefe
24-06-2009, 11:48 PM
Gee ... what a surprise.
MSM lying and using misleading pictures? :eek: ... unheard of ... must be the first time THAT has EVER happened!!!
:rolleyes:
Actually TRN is the only one to post the image of the billion dollar bond. We still havent seen them except for the 11 second vid that was posted. Someone put that 06 article on TRN's comment section. I bet this story will be removed shortly....
From Ben Fulford, our man in Japan -
Links -
Source; ()
The story; linked to as be text in bold quoted above from Fulford's site
"The Japanese arrested in Italy with $134 billion were part of a CIA black-ops
The Japanese citizens arrested in Italy last week carrying bonds worth $134 billion were part of a CIA black-ops linked to the Nazi faction, according to high level intelligence sources. The CIA front behind this operation is known as Mayflower and is linked to a malevolent Chinese faction that wishes to restore dynastic rule in China. One of the Japanese arrested was probably a Mr. Fukushima, who works for the puppet emperor of Japan and the CIA and the Rothschilds. The operation is also linked to former Japanese Prime Minister and Bush slave Junichiro Koizumi as well as the current CIA-bribed traitor Prime Minister Taro Aso. They were hoping to use the money in part to operate a massive psy-ops in Japan designed to keep the current slave government in charge after elections that must be held by September 11th of this year. For the sake of humanity and the planet, they must not be allowed to redeem those bonds. We can also add that as a direct result of these arrests that faction has contacted us and proposed talks in Switzerland. We will accept."
()
Above is Sorcha Faal's site.
So...
Anyone heard anymore from Fulford on this? Reliable? I had never heard his name until a couple hours ago. Been watching his Illuminati vids on youtube especially his interview with David Rockefeller. Intriguing to say the least
yozhik
24-06-2009, 11:56 PM
Sorcha Faal ? :eek:
Why is that name at the bottom of the story?
Well known fictitious author of "entertainment" articles :(
Interesting theory, but if its linked in ANY way to "Sorcha Faal", it desperately requires confirmation from a more reliable source :)
el jefe
25-06-2009, 12:05 AM
Doesnt seem to be linked. Not sure why that link appear but at the top it shows Bens site is where the CIA story comes from.
I wonder how much more I can type CIA in my posts before I get a knock on my door....
real6
26-06-2009, 07:06 PM
Citigroup Inc. was ordered by Japan’s financial regulator to suspend marketing of banking services to individuals for a month, after failing to put in place adequate internal controls to prevent money laundering.
The Financial Services Agency told Citibank Japan Ltd. to halt retail banking sales from July 15 to Aug. 14, except in cases where the company is approached by customers, the regulator said in a statement in Tokyo today. It also ordered the bank to improve governance and control systems.
The regulator found Citigroup had “fundamental problems” with its compliance, including systems to detect and monitor suspicious transactions. The New York-based bank failed to implement an improvement plan it submitted after it was forced to close its private banking business in Japan in 2004 for a similar failure, the watchdog said.
Citibank Japan didn’t update a database used to screen suspicious transactions since 2004, and management officials “lack an understanding of the rules applied in Japan, such as laws and regulations, and an awareness of improvement,” the regulator said in its statement.
Citigroup will comply with the regulator’s order and will submit an improvement plan by July 31, the company said in a statement. The order won’t have any impact on business with institutional clients, the bank said.
“We apologize deeply and take the situation seriously,” the company said in the statement.
real6
29-06-2009, 04:41 PM
Did anyone else see this?? 134.5 Billion USD seized in Italy from two Japanese men; Amount of TARP on March 30, 134.5 billion
I don't know if they are legit or not, I don't think people would be stupid enough to counterfeit such large amounts, but if it's real,
this is our money, we should know what's going on.
Another reason to audit the fed, but I'd prefer charging them for treason.
el jefe
29-06-2009, 06:57 PM
You and I posted this info on the TARP amount left over back on page 2 or 3
real6
29-06-2009, 07:10 PM
You and I posted this info on the TARP amount left over back on page 2 or 3
SO many pages i cant keep track
el jefe
29-06-2009, 07:39 PM
Looks like the media is done with this. No new news articles anywhere....Asia News never wrote me back
smoke n mirrors
29-06-2009, 07:43 PM
The cleaners, must be struggling to sweep all the current crap under the carpet.
.
real6
02-07-2009, 06:14 PM
Everything suggests that the American bonds seized at Chiasso are real
Official U.S. sources continue to say they are fakes, but there is no news that American experts have inspected them in person. Arrested for another matter, the director of a U.S. radio who says the bonds are real and Japan was trying to sell in Switzerland, not trusting the ability of the United States to honour its debt.
Milan (AsiaNews) – Four weeks have passed since American bonds were confiscated from two Japanese who were travelling on a direct train to Chiasso, Switzerland, and while there has been clarification of some points, very few, Italian authorities have remained silent on the rest of the episode.
In addition, a strange coincidence in the timing of the arrest of a director of an internet radio who had made revelations regarding the incident increases the already strong oddities surrounding the case. This added to the revaluation of the fact that among the evidence seized there were "Kennedy Bond" all points toward the authenticity of the items seized by the Guardia di Finanza (GdF) in early June.
The major English-speaking newspapers ignored the story for a couple of weeks. They only started to report on it after the Bloomberg agency carried a story on 18 / 6, in which a spokesman for the Treasury, Meyerhardt, declared that the bonds, based on photos available on the Internet, were "clearly false." The same day, the Financial Times (FT) published an article whose title laid the blame for the (alleged) infringement at the feet of the Italian Mafia, despite the fact that the article failed to make even one possible connection with the episode in Chiasso. Nevertheless, the version of events as reported in FT was taken up by others as being "appropriate" (given that it is a very common cliché about Italy and it is a sequester that took place in Italy) and in the end "colourful." It’s a pity that it goes against all logic: that the Mafia tried to pass unnoticed in its attempt to dump fake bonds amounting to 134.5 billion dollars and moreover were to "stung" a mere step from their gaol, is not very credible.
Most recently last week, 25 / 6, the New York Times reported on the story in particular, the allegations of CIA spokesman, Darrin Blackford: the U.S. Secret Service carried out inspections, as required by the Italian judiciary, and found that they were fictitious financial instruments, never issued by the “U.S. government”. It is not clear, however, how the checks mentioned Blackford were carried out and whether they were also are carried out via internet. According to official Italian sources, in fact, the Commission of American experts, expected in Italy, have yet to arrive. Furthermore, the bonds were accompanied by a recent and original bank record. It is therefore unclear how the U.S. authorities can declare fake documentation that does not originate from the Fed or the U.S. Department of Treasury.
On the contrary, claims in support of the bond’s authenticity were made 20 / 6 on the Turner Radio Network (TRN), an independent radio station broadcast via Internet. On that date in a massive exposure, TRN stated that the two Japanese arrested by the Guardia di Finanza (GdF) and then released in Ponte Chiasso were employees of the Japanese Ministry for Treasury. AsiaNews had also received similar reports: one of the two Japanese arrested in Chiasso and then released is Tuneo Yamauchi, brother of Toshiro Muto, until recently vice governor of the Bank of Japan. On its website, the creator and presenter of Radio, Hal Turner, had also claimed that his sources had revealed that the Italian authorities believe the evidence to be authentic and that the two Japanese officials are from the Japanese Ministry for Finance. They were supposed to bring the bonds to Switzerland because the Japanese government had apparently lost confidence in U.S. ability to repay its debt. Japanese financial authorities therefore were trying to sell a part of the securities in their possession through parallel channels ahead of an imminent financial disaster, thanks to the anonymity which, Turner said, is guaranteed by the laws of Switzerland.
AsiaNews does not know to what extent Turner’s revelations can be held as credible, given that in this case too, it is difficult to believe that $ 134.5 billion would pass unnoticed anywhere in the world. It seems far more logical to assume that the bonds, if authentic, were directed to the Bank for International Settlements in Basel, BIS, the central bank of central banks ahead of the issuance of securities in a new supranational currency. Turner had in any event added that as evidence of his support of his revelations he would have provided the serial numbers of the seized bonds. Before it could do so, however, was imprisoned. Hal Turner is the journalist who long ago first broke the news of a secret plan to replace the dollar, after a severe financial crisis, with a common North American currency, the Amero. In a dramatic phone call from inside the prison in which he is detained pending trial, relayed via internet, Hal Turner claims that his arrest is political and it is in relation to securities seized in Chiasso, because the authorities are terrorized by his revelations regarding the bonds’ authenticity. Of course, the allegations made against him have to nothing to do with the story and thus an already intricate story becomes increasingly complex. Turner maintains that he did not personally formulate the disclosure for which he has been imprisoned. Although it was clearly his responsibility to remain vigilant, it is also true that blogs from around the world and the U.S. themselves are full of threats and provocations. The coincidental timing, the unusual diligence and the details of his arrest arouse suspicions about the true motives of the American federal police. Indeed, this very arrest suggests that the evidence seized from GdF are truly authentic.
One more element in favour of the bond’s authenticity is found in the securities, which in the June 4 statement, the GdF termed "Kennedy Bonds” with photos provided. These photos reveal that the securities under discussion are not bonds but Treasury Notes, because they are securities that can be immediately exchanged for their worth in goods or services and because they are devoid of interest coupons. One side carries a reproduction of the image of the American president, the reverse side that of a spaceship. From confidential, usually well-informed sources, AsiaNews has learned that this type of paper money was issued less than ten years ago (in 1998), although it is difficult to know whether those seized in Chiasso are authentic. But the fact that the release of this particular State Treasury was not completely in the public domain tends to exclude the possibility of counterfeiting. It highly unreasonable to suppose that a forger would reproduce a State Treasury not commonly in circulation and of which there is no public knowledge. For this reason, it can be concluded that the 124.5 billion dollars divided in 249 bonds of 500 million each are authentic. These titles, although referred to as "Federal Reserve Notes" are actually bonds, because they accrue interest and are redeemable at maturity. But one question remains unsolved regarding them. It is somewhat hard to understand why the securities, which were from the outset indistinguishable from the original to the GdF, all have their coupons. Any ordinary investor, even a state, would have cashed in the interest coupon every year, so as not to lose purchasing power.
real6
02-07-2009, 06:26 PM
Weather Hal Turner is a white supreisist or not, i think he was arrested over speaking about the Ponte Chiasso Affair.
Sounds like bullshit to me!!!
"This website has been taken offline by Hal's family. Please check back soon. In the meantime, you can get updates on the situation from his mom at . You can also email her at family.of.hal.turner@. We are terribly sorry for this inconvenience."
FBI says blogger threatened to kill 3 U.S. appellate judges in Chicago
By Jeff Coen | Tribune reporter
June 25, 2009
A blogger and Internet radio host from New Jersey was arrested Wednesday by the FBI on charges he threatened to kill three federal appellate judges in Chicago.
The federal charges, filed in Chicago, alleged white supremacist Hal Turner called for the judges' murders after they affirmed on June 2 a lower court decision to dismiss challenges to Chicago's ban on handguns.
The three have each served as chief judge of the 7th Circuit U.S. Court of Appeals: Frank Easterbrook, the current chief judge; Richard Posner, one of the best-known appellate judges in the country and a prolific author; and William Bauer, a veteran jurist and onetime U.S. attorney.
The charges alleged Turner used his Web site to call the three "cunning, ruthless, untrustworthy, disloyal, unpatriotic, deceitful scum" who violated the Constitution. "Let me be the first to say this plainly: These judges deserve to be killed," officials quoted the site.
Turner was scheduled to appear Thursday in federal court in New Jersey, but the U.S. attorney's office in Chicago said he ultimately would face prosecution here.
Turner allegedly posted the work addresses of the judges as well as their photos with a note that home addresses would follow. Also included was a map of Chicago's federal courthouse highlighting its "anti-truck-bomb" pylons.
Turner is no stranger to law enforcement. Just this month, he was charged in Connecticut with making threats against legislators.
He came to attention of authorities in Chicago after the killings of the husband and mother of U.S. District Judge Joan Lefkow in 2005.
Turner posted the work addresses of appeals court judges who had ruled against white supremacist Matthew Hale in a civil case presided over by Lefkow.
real6
02-07-2009, 06:31 PM
Japanese Bond Smugglers Released!
I reiterate that this should be the TOP story on every news station across the globe. 2 Japanese men that were trying to cash 135 BILLION worth of Japanese US held debt, have now been released! Either scenario isn't good.
1. The bonds were fake, but then why did 2 counter fitters get released from custody and nobody seems to know where they are?
2. Which happens to be what I think is the truth, the bonds were very real and the Japanese government is so worried about the imminent collapse of the American financial system and the onslaught of hyper inflation that they wanted to cash these in secret.
The Truth About The Japanese Bonds
This is why Hal Turner is being detained. The fact that this isn't the BIGGEST news story on planet earth right now, should be undeniable proof that the media and government is 100% controlled.
(Taken from his site before it was taken down)
Employees of Japan Finance Ministry arrested in Italy trying to smuggle $134 Billion in U.S. Treasuries in suitcases
real6
08-07-2009, 05:15 PM
Maybe this has alittle something to do with the Ponte Chiasso Affair?
Switzerland has vowed to prevent UBS from handing over client information to U.S authorities, in an attempt to defend bank secrecy, saying a tax case targeting its main bank is souring diplomatic ties.
Wealth management giant UBS is facing a court hearing in Miami next week after refusing to disclose data on 52,000 Americans holders of secret Swiss bank accounts to U.S. tax authorities.
The Swiss Justice Ministry said on Wednesday that Swiss law prevents UBS from handing over client information and the government would seize UBS client data, if necessary, to stop that happening.
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The case, which comes amid a global fight against tax cheats supported by the U.S. administration, has damaged the UBS brand and could result in an expensive settlement for the bank at a time when the bank needs to focus on restructuring.
"Switzerland will use its legal authority to ensure that the bank cannot be pressured to transmit the information illegally, including if necessary by issuing an order taking effective control of the data at UBS," the Swiss government said in a response to U.S. authorities filed in Miami on Tuesday.
The tax litigation is also crucial for the future of the multi-billion dollar wealth management industry and is pushing several offshore banks to force clients to come clean.
A court hearing that will lead to a ruling on the UBS data issue is due to start on July 13.
Washington has accused UBS of hiding nearly $15 billion in assets in secret accounts.
The Swiss statement came in response to a filing by the U.S. Justice Department last week asking the Miami court to enforce tax compliance with the full weight of U.S. law.
Although Swiss criminal law prohibits banks passing on client information to foreign authorities, UBS and Switzerland have already made concessions on their treasured bank secrecy.
UBS agreed to pay in February $780 million, admitted wrongdoing and disclosed about 250 client names to avert tax fraud criminal charges the Swiss government said threatened the bank's survival.
And faced with the threat of possible sanctions from the G20, Switzerland —- along with other tax havens — vowed in March to redraft its tax treaties with the United States and other countries and cooperate more on tax evasion.
"International Conflict"
Switzerland said in its latest court filing it hoped it would not have to take the "extraordinary action" of issuing an order to seize the UBS client data.
UBS
Sharon Lorimer
"The IRS (Internal Revenue Service) now inappropriately seeks to provoke international conflict through this civil proceeding," the statement read.
In its brief last week, the Justice Department said that UBS had already acknowledged that its bankers committed "very serious crimes on U.S. soil" and had therefore subjected the bank to the full jurisdiction of U.S. law.
"Swiss banking secrecy is not an impenetrable wall," it said.
But Berne said the fact that UBS had released some names in settling the criminal case and admitted wrongdoing did not undermine the legitimacy of Swiss banking secrecy as a whole.
Although the court hearing is due next week, the Swiss government has not ruled out the possibility of UBS and Washington agreeing another out-of-court settlement.
Swiss Finance Minister Hans-Rudolf Merz has repeatedly said there is still room for a deal and Swiss Economy Minister Doris Leuthard told Reuters in an interview on Tuesday that it expected UBS to pay a price as the bank had made mistakes.
Swiss media have said UBS may have to pay 3-5 billion Swiss francs ($2.76-$4.6 billion).
The bank raised 3.8 billion francs of capital late in June and will report earnings on Aug. 4.
"As the whole story is about money and as UBS has already admitted its fault, there can be only one solution: the Swiss bank will have to pay a fine or a compensation of an amount corresponding to taxes that are still due to the U.S. government" said Nicolas Michellod, senior analyst at Celent.
UBS shares fell 1.7 percent at 12.8 francs against a 1.2 percent drop in the European banking index.
real6
08-07-2009, 05:18 PM
Am i bugging or the numbers are just funny?
May 18 (Bloomberg) -- Aozora Bank Ltd., the Japanese lender controlled by Cerberus Capital Management LP, fell in Tokyo trading after posting a wider-than-forecast full-year loss on overseas investments and higher bad-loan costs.
Aozora fell 5 percent to close at 134 yen in Tokyo, while an index tracking 84 Japanese lenders dropped 3.3 percent. The bank booked a 242.6 billion yen ($2.6 billion) deficit in the year ended March 31, compared with a profit of 5.93 billion yen a year earlier, it said on May 15.
The Tokyo-based bank, which had forecast a loss of 196 billion yen on Feb. 10, had a larger shortfall after boosting reserves for bad loans and taking additional losses on fund investments. The company, rescued by Japan’s government during the 1990s banking crisis, aims to focus on domestic lending after racking up losses last year on hedge funds, subprime- related securities and an investment in U.S. lender GMAC LLC.
Aozora is in talks to merge with Shinsei Bank Ltd., backed by U.S. investor Christopher Flowers, two people familiar with the discussions said last month, as the lender seeks to weather the worst of the global credit crisis. Chief Executive Officer Brian Prince, who replaced Federico Sacasa on Feb. 10, declined to comment last week on reports of the merger.
Aozora forecasts profit of 5 billion yen this year and booked credit costs of 134.5 billion yen in the year ended March 31, the bank said last week. The company increased reserves by 33.4 billion yen from the February forecast for bad loans following a “faster than anticipated deterioration in economic and credit conditions,” Aozora said.
The bank lost 35.8 billion yen on GMAC and also booked losses related to Bernard Madoff and failed Lehman Brothers Holdings Inc., Aozora said.
To contact the reporter on this story: Finbarr Flynn in Tokyo at fflynn3@
McDonald's, Honeywell Lead $9.5 Billion of Bond Sales (Update1)
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By Bryan Keogh
Feb. 26 (Bloomberg) -- McDonald's Corp. and Honeywell International Inc. led a rush of borrowers selling $9.5 billion in U.S. corporate bonds today, the most since January.
McDonald's, the world's largest restaurant company, raised $2.25 billion in its biggest debt offering. Morris Township, New Jersey-based Honeywell sold $1.5 billion of 5- and 10-year notes to repay debt, also its largest sale ever.
Investment-grade borrowers are taking advantage of renewed confidence in the credit markets. Today's sales follow a spurt of issuance yesterday and are more than triple the tally for all of last week. Bill Gross of Pacific Investment Management Co., said his funds are buying more investment-grade and bank bonds in a bet the securities will recover after falling 0.26 percent this year.
``There's a fair number of issuers that are waiting to do something,'' John Tierney, credit strategist at Deutsche Bank AG in New York, said in a telephone interview. ``Investors are largely on the sidelines and are very picky so'' issuers are waiting for a better tone in the market to sell.
The risk of protecting corporate debt from default has plunged 23 basis points since Feb. 21 on optimism that MBIA Inc. and Ambac Financial Group, the two biggest bond insurers, averted rating downgrades that threatened their businesses. The Dow Jones Industrial Average index has jumped about 400 points.
The extra yield investors demand to own investment grade bonds rather than Treasuries of similar maturity widened 1 basis point to 243 basis points, the highest since November 2002, according to Merrill Lynch & Co. index data.
McDonald's
Borrowers sold $3.26 billion of investment grade bonds yesterday, according to Bloomberg data.
Gross increased the world's largest bond fund's holdings of investment-grade corporate debt to the highest since April 2003, according to Pimco's Web site.
The $120 billion Pimco Total Return Fund had 19 percent of its assets in investment-grade company debt at the end of January, up from 13 percent in December, according to data published on the Web site.
McDonald's of Oak Brook, Illinois, split its sale between $500 million of five-year notes, $1 billion of 10-year debt and $750 million of 30-year bonds. Honeywell, the world's biggest maker of aircraft controls, sold $600 million of five-year 4.25 percent notes and $900 million of 10-year 5.3 percent bonds, both at yields 147 basis points more than Treasuries of similar maturity.
Other issuers today include Fifth Third Bancorp, Ohio's second-largest lender, with a $1 billion offering of 8.25 percent 30-year subordinated bonds, and Pacific Gas & Electric Co., California's biggest utility, which sold $600 million of bonds in two parts.
KFW
KfW Group, the German government-owned finance agency, sold $3 billion of 10-year 4.375 percent notes at a spread of 13 basis points less than the midswap rate, a benchmark for corporate borrowing in Europe that measures the cost of swapping between fixed and floating-rate payments, according to data compiled by Bloomberg.
Biogen Idec Inc., the world's largest maker of multiple sclerosis drugs, began marketing an inaugural $1 billion bond offering today. The sale is expected to take place tomorrow.
Credit-default swaps on the CDX North America Investment- Grade Index fell 6.5 basis points to 134.5 in New York, according to Deutsche Bank AG.
Credit-default swaps are financial instruments based on bonds and loans that are used to speculate on a company's ability to repay debt. They pay the buyer face value in exchange for the underlying securities or the cash equivalent should a borrower fail to adhere to its debt agreements. A decline indicates improvement in the perception of credit quality.
Corn, Soybeans Surge as Global Commodity Demand May Increase
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By Jeff Wilson
March 16 (Bloomberg) -- Corn rose to a seven-week high and soybeans jumped the most since January on speculation that government bailouts help revive the world economy and demand for food, animal feed and crop-based fuels.
The MSCI World Index of equities rose for a fifth session after Group-of-20 finance ministers vowed over the weekend to combat the global recession. The U.S. dollar fell to a three-week low against a basket of six currencies, increasing the appeal of commodities.
“It is a step in the right direction, and grain prices should follow the stocks higher and get a boost from a weaker dollar,” said Chuck Shelby, a vice president at Risk Management Commodities Inc. in Lafayette, Indiana. “Commercial buyers may want to push up prices to encourage farmers to sell some of last year’s crop because next month they will be focused on planting.”
Corn futures for May delivery rose 8.5 cents, or 2.2 percent, to $3.97 a bushel at 10:35 a.m. on the Chicago Board of Trade, after earlier rising to $3.975, the highest price since Jan. 26. Last week, corn jumped 7.5 percent, the biggest gain this year. The most-active contract still is down 51 percent since reaching a record $7.9925 in June.
Soybean futures for May delivery rose 29.25 cents, or 3.3 percent, to $9.0575 a bushel in Chicago. A close at that price would be the largest percentage gain since Jan. 9. The contract earlier reached $9.075, the highest since Feb. 18. Before today, the price had fallen 46 percent since reaching an all-time high of $16.3675 on July 3.
The average cash soybean price have fallen 34 percent in the past year and cash corn is down 32 percent, according to data from the Minneapolis Grain Exchange.
Demand Outlook
Soybeans also rose after an industry report showed better- than-expected U.S. demand for the crop used in making animal feed and vegetable oil, Anne Frick, a senior oilseed analyst for Prudential Financial, said in a report to clients.
Domestic processors including Bunge Ltd. and Archer Daniels Midland Co. used 128.668 million bushels of soybeans last month, down from 138.923 million a year earlier, the National Oilseed Processors Association said today in a report. Four analysts surveyed by Bloomberg News estimated 125.3 million on average.
Frick said the report indicates total soybean demand will rise to 134.5 million bushels in February, above her earlier estimate of 130 million. U.S. soybean use in the marketing year that ends Sept. 30 may reach 1.673 billion bushels, 2 percent larger than the U.S. Department of Agriculture’s forecast of 1.64 billion, Frick said.
“Evidence continues to mount that the ‘February break’ low is in place for the soybeans and soybean meal,” Frick said in the note. “The most conservative projection we have for the spring rally high is $9.52-$9.59 basis the May futures.”
Corn Speculators
Buying in corn futures increased today after May futures closed above their 50-day moving average on March 13, said Shelby of Risk Management Commodities.
Hedge-fund managers and other large speculators more than tripled their net-long position in Chicago corn futures to 48,641 in the week ended March 10, the largest since the week ended Jan. 6, according to U.S. Commodity Futures Trading Commission data. A week earlier, the total net-longs were 15,375 contracts.
“There is increased new buying in corn,” Shelby said. “The chart picture improved.”
Corn is the biggest U.S. crop, valued at $47.4 billion in 2008, with soybeans in second place at $27.4 billion, government figures show. The U.S. is the world’s largest grower and exporter of both crops.
To contact the reporter on this story: Jeff Wilson in Chicago at
decim
08-07-2009, 05:27 PM
Some one trying to associate the figure of 134.5 with other stories to divert attention from the TARP theft.
gripit
08-07-2009, 05:34 PM
Some one trying to associate the figure of 134.5 with other stories to divert attention from the TARP theft.
Definitely seems that way, doesn't it? Fuckers!
real6
08-07-2009, 05:41 PM
Some one trying to associate the figure of 134.5 with other stories to divert attention from the TARP theft.
Wait, so you trying to say"I'm" deverting?
Definitely seems that way, doesn't it? Fuckers!
Seems that way ;)
It’s official. TARP is just theft.
Filed under: America, Post-WWII era, end of — Tags: bank bailout, banks, clarium capital management, financial crisis, henry paulson, john hinderaker, patrick wolff, paulson plan, rge monitor, robert scheer, sigtarp, tarp, tim geithner — Fabius Maximus @ 12:01 am
These reports about the TARP must be read to be believed. Since you are reading this on a screen, I have highlighted in red where you would scrawl WTF! on printed material. This is best read somewhere you can scream without attracting undue attention.
1. “Thievery Under TARP“, Robert Scheer, The Nation, 22 April 2009
2. Initial Report to the Congress, SIGTARP, 6 February 2009
3. Quarterly Report to Congress, SIGTARP, 21 April 2009
Who is SIGTARP?
The Office of the Special Inspector General for the Troubled Asset Relief Program (”SIGTARP”) was established by the Emergency Economic Stabilization Act of 2008 (”EESA”).
Under EESA, the Special Inspector General has the responsibility, among other things, to conduct, supervise and coordinate audits and investigations of the purchase, management and sale of assets under the Troubled Asset Relief Program (”TARP”). (source: their website)
Why?
Why has the TARP been structured in such a manner? Why have all the bank bailout programs been like this? It is a shortcut to avoid necessary Congression authorization and review. Patrick Wolff (Managing Director of Clarium Capital Management) explains in his report “The Wonderful World of Oz” (April 2009):
Tim Geithner has structured the PPIP to require as little new money up front as possible. The program supplies market participants with free put options and attractive financing to motivate them to buy impaired assets from troubled banks. Rather than spend money it doesn’t have and is unlikely to get, Treasury is partnering with the FDIC (which receives no Congressional appropriations) to provide free insurance whose claims come due later and whose costs can be obscured from the general public.
Excerpts
(1) “Thievery Under TARP“, Robert Scheer, The Nation, 22 April 2009 — Excerpt
We are being robbed big-time, but you can’t say we haven’t been warned. Not after the release Tuesday of a scathing report by the Treasury Department’s special inspector general, who charged that the aptly named Troubled Asset Relief Fund bailout program is rife with mismanagement and potential for fraud. The IG’s office already has opened twenty criminal fraud investigations into the $700 billion program, which is now well on its way to a $3 trillion obligation, and the IG predicts many more are coming.
Special Inspector General Neil M. Barofsky charged that the TARP program from its inception was designed to trust the Wall Street recipients of the bailout funds to act responsibly on their own, without accountability to the government that gave them the money.
… For all of its criticism of the original program, designed by the Bush administration, the report was equally severe in denouncing the Obama administration’s plan to partner with hedge funds and other private capital groups to buy up the “toxic” holdings of the banks.
… As with the entire banking bailout, the new plan of Obama’s treasury secretary, Timothy Geithner, is likely to enrich the very folks who impoverished the rest of us, as the report notes: “The significant government-financed leverage presents a great incentive for collusion between the buyer and seller of the asset, or the buyer and other buyers, whereby, once again, the taxpayer takes a significant loss while others profit.”
At the heart of this potentially massive fraud was the original decision of Henry Paulson, President Bush’s treasury secretary and a former Goldman Sachs chairman, to not require the recipients of the bailout, such as his old firm, to account for how the money was spent.
Unfortunately, President Obama’s administration continued that practice.
The only difference is that the amount of public money being put at risk is now far greater, and the hedge funds, which are totally unregulated, have been brought in as the central players. One of the largest of those hedge funds, D.E. Shaw, carried Obama’s top economic adviser, Lawrence Summers, on its payroll to the tune of $5.2 million last year. He may have reason to trust these secretive enterprises that operate beyond the law, but the public does not.
About the author
Robert Scheer, a contributing editor to The Nation, is editor of and author of The Pornography of Power: How Defense Hawks Hijacked 9/11 and Weakened America and Playing President. He is author, with Christopher Scheer and Lakshmi Chaudhry, of The Five Biggest Lies Bush Told Us About Iraq.
(2) Initial Report to the Congress, SIGTARP, 6 February 2009 — Excerpt
SIGTARP’’s Recommendations (p. 8)
{P}articipants should be required to use best efforts to account for the use of TARP funds…
Fraud vulnerabilities in the Term Asset-backed Securities Loan Facility (“TALF”) should be addressed before the program is initiated.
Potential Fraud Vulnerabilities Associated with TALF (p. 99)
First, as discussed more fully in Section 3, TALF is a program in which participants can receive loans upon the posting of certain asset-backed securities (“ABS”) as collateral. Because the loans will be non-recourse, that is, the participant can walk away from the loan by forfeiting the collateral, the risk associated with the ABS (which, in turn, is dependent on the risk of the underlying asset — in this case, certain consumer loans) is critically important to whether the taxpayers’ investment is a sound one.
For this reason, Treasury should consider requiring that some baseline fraud prevention standards be imposed (such as minimum underwriting standards or some other combination of provisions that will minimize the risk of fraud) on the ABS and/or the assets underlying the ABS used as collateral in TALF. SIGTARP was informed in early January by Treasury and the Federal Reserve that the program relies on:
1. the requirement that the ABS receive a certain minimum rating from credit rating agencies …
Transparency (p. 13)
Promoting transparency in the management and operation of TARP is one of SIGTARP’s primary roles. Through EESA, the American taxpayer has been asked to fund — to the tune of hundreds of billions of dollars — an unprecedented effort to stabilize the financial system and promote economic recovery; in this context, the public has a right to know both how the U.S. Department of the Treasury (“Treasury”) decided to invest that money and what was done with it by the recipients. Transparency is a powerful tool to ensure accountability and that all those managing TARP funds will act appropriately, consistent with the law, and in the best interests of the country.
(3) Quarterly Report to Congress, SIGTARP, 21 April 2009 — Excerpt:
SIGTARP’s Recommendations
SIGTARP continues to recommend that Treasury require all TARP recipients to report on their actual use of TARP funds. (p.6)
… The announced expansion of TALF to permit the posting of MBS as collateral poses significant fraud risks, particularly with respect to legacy residential MBS (“RMBS”). … Aspects of PPIP make it inherently vulnerable to fraud, waste, and abuse, including significant issues relating to conf icts of interest facing fund managers, collusion between participants, and vulnerabilities to money laundering. (p. 7)
TARP implementation (p. 14)
The Initial Report contained a series of SIGTARP recommendations with regard to the design of TALF. Since the Initial Report, SIGTARP has remained in regular contact with Treasury and FRBNY with regard to oversight and fraud prevention in TALF and has sought greater transparency, explicit oversight access, and assurances regarding underwriting standards on the loans underlying the securities, among other things. SIGTARP’s past and new recommendations regarding TALF are discussed in greater detail in Section 4 of this report.
… Although not all of these recommendations have been adopted, the design of the program, in SIGTARP’s view, has significantly improved from an oversight perspective due to SIGTARP’s suggestions and FRBNY’s willingness to engage on these issues. (p. 14)
SIGTARP’s recommendations to the Treasury
… One of SIGTARP’s responsibilities is to provide recommendations to the Department of Treasury (“Treasury”) so that Troubled Asset Relief Program (“TARP”) programs can be designed or modified to facilitate transparency and effective oversight and prevent fraud, waste, and abuse. SIGTARP’s Initial Report to Congress, dated February 6, 2009 (the “Initial Report”), set forth a series of recommendations, some of which were adopted by Treasury and some of which were not. (p. 137)
… Treasury has indicated, however, that it will not adopt SIGTARP’s recommendation that all TARP recipients be required to do the following:
* account for the use of TARP funds
* set up internal controls to comply with such accounting
* report periodically to Treasury on the results, with appropriate sworn certifications
In light of the fact that the American taxpayer has been asked to fund this extraordinary effort to stabilize the fi nancial system, it is not unreasonable that the public be told how those funds have been used by TARP recipients. (p. 137)
… Lack of Resources within OFS-Compliance - The Compliance department within OFS has primary responsibility over a vast and complex array of compliance and risk management functions. This responsibility includes ensuring that appropriate internal controls are in place over OFS management of TARP programs, providing primary oversight of vendors that are providing services to OFS, and monitoring TARP recipients’ compliance with their contractual and legal obligations.
More than 500 financial institutions are already participating in various TARP programs; additional announced programs will expand OFS-Compliance’s responsibilities to a mortgage modification program involving millions of mortgages and to public-private partnerships that will involve not only many new participants but also a whole new set of compliance challenges and types of risk.
To carry out all of these responsibilities, now six months into TARP operations, OFS-Compliance currently has a staff of approximately 10 employees. Although SIGTARP has plans for a future audit to assess the integration and effectiveness of OFS’s risk assessment and compliance efforts, SIGTARP makes a preliminary observation that the current resource commitment for this vitally important function appears plainly inadequate. (p. 144)
Some experts review the Geithner Plan
1. “Despair over financial policy“, Paul Krugman, blog at the NYT, 21 March 2009 — Nobel Laureate economist.
2. “More on the bank plan“, Paul Krugman, blog at the NYT, 21 March 2009
3. “Geithner Plan Will Rob US Taxpayers“, Reuters, 24 March 2009 — Remarks by Joheph Stiglitz, Nobel Laureate economist.
4. “Successful bank rescue still far away“, op-ed by Martin Wolf, Financial Times, 24 March 2009
5. “The Geithner Plan Won’t Work“, James K. Galbraith, posted at The Daily Beast, 24 March 2009
6. “Obama’s bank plan could rob the taxpayer“, Jeffrey Sachs, op-ed in the Finanical Times, 25 March 2009
7. “ The Pricing of Investment Grade Credit Risk“, Jubal Coval, Erik Stafford and Jakub Jurek (the first two are Harvard, the last is Princeton), Presented at the USC FBE Finance Seminar, 2 April 2009 — This undercuts the entire basis of the Geithner Plan; the paper appears at the end.
8. “Administration Seeks an Out On Bailout Rules for Firms“, Washington Post, 4 April 2009 — It’s OK to get angry when reading this.
9. “Larry Summers, Tim Geithner and Wall Street’s ownership of government“, Glenn Greenwald, 4 April 2009 — The individuals Obama chose to be his top economic officials embody exactly the corruption he repeatedly vowed to end.
10. “The Geithner-Summers plan is worse than you think“, Laurence J Kotlikoff and Jeffrey Sachs, blog of the Financial Times, 6 April 2009
11. “Apples and Truffles: PPIP is Financially Flawed, Intellectually Dishonest“, The Institutional Risk Analyst, 6 April 2009 — A technical analysis of the plan.
12. “TARP: The Looming Debacle“, John H. Hinderaker, Powerline, 27 April 2009
13. “Green shoots: grounds for cautious pessimism“, William Buiter, blog of the Financial Times, 28 April 2009 — “US regulators and Treasury have put the interests of the unsecured creditors of the banking system ahead of those of current and future tax payers…”
Afterword
If you are new to this site, please glance at the archives below. You may find answers to your questions in these.
Please share your comments by posting below. Per the FM site’s Comment Policy, please make them brief (250 words max), civil, and relevant to this post. Or email me at fabmaximus at hotmail dot com (note the spam-protected spelling).
For more information from the FM site
To read other articles about these things, see the FM reference page on the right side menu bar. Of esp relevance to this topic:
* about the Financial crisis – what’s happening? how will this end?
* about the America – how can we reform it?
* some Good News about America!
Posts about the Paulson Plan, now Obama’s Plan:
1. Treasury Secretary Paulson leads us across the Rubicon, 9 September 2008
2. Another step away from our Constitutional system, with applause, 19 September 2008
3. America appoints a Magister Populi to deal with the financial crisis, 21 September 2008
4. Slowly a few voices are raised about the pending theft of taxpayer money, 21 September 2008
5. A quick guide to the “Emergency Economic Stabilization Act of 2008″, 29 September 2008
6. The Paulson Plan will buy assets cheap, just as all good cons offer easy money to the marks, 30 September 2008
7. A reminder – the TARP program is just theft, 24 November 2008
8. Stand by for action – more theft of our money being planned in Washington, 4 February 2009
9. Update: yes, the Paulson Plan was just theft, 14 February 2009
10. Now is the time for America to get angry, 24 March 2009
11. Bush’s bailout plan is now Obama’s. His quiet eloquence guides the sheep into the pen, 30 March 2009
Posts about the American spirit:
1. Americans, now a subservient people (listen to the Founders sigh in disappointment), 20 July 2008
2. de Tocqueville warns us not to become weak and servile, 21 July 2008
3. The American spirit speaks: “Baa, Baa, Baa”, 5 August 2008
4. We’re Americans, hear us yell: “baa, baa, baa”, 6 August 2008
5. This crisis will prove that Americans are not sheep (unless we are), 8 January 2009
6. About security theater, a daily demonstration that Americans are sheep, 25 January 2009
real6
08-07-2009, 05:45 PM
“Grand theft” is the stealing of property worth more than about $200 in most states. It is a felony, and can bring you up to five years in prison. So far, banks have received $350 billion in federal TARP bailout funds. That’s $1,167 in tax dollars from every man, woman and child in the country. This whole bailout is starting to feel a lot like grand theft. Take the money and run!
When these bailout funds were authorized, amid great outcries of impending financial doom, the Administration and Congress in their collective wisdom decided to attach no strings to receiving these billions of dollars. After all, risky and unregulated financial markets got us into this mess, but we can trust them to take our money and spend it wisely to alleviate the crisis, right?
How did they spend this public money? When asked, these same banks told us to mind our own business. That’s right - they refuse to reveal exactly how they spent these public funds. Is your temperature rising yet?
Well, at least we know that they were in a huge financial hole, so they certainly had no profits to distribute to their investors, right? Wrong again. Let’s look at the incredible story.
Since these banks have gotten their mittens on our money, they decided to throw a party and distribute some more dividends to their investors. Just look at how the top five recipients of your TARP dollars spent some of that money:
1. Citigroup got $25 billion. They then declared a dividend and distributed $3.5 billion to their shareholders.
2. JP Morgan Chase & Co. got $25 billion. They then distributed $5.7 billion to their shareholders.
3. Wells Fargo also got $25 billion. Shareholders then received dividends of $4.5 billion.
4. Bank of America got $15 billion, and distributed $2 billion to its shareholders.
5. Goldman Sachs (Secretary Paulson’s alma mater) got $10 billion and distributed almost $1 billion to its shareholders.
That’s just dividends. There’s also bonus money for a job well done by company executives, fancy corporate get-togethers at ritzy resorts, and who knows what else. After all, remember, they’re refusing to account to us where these billions went.
And as for the troubled homeowners who couldn’t pay their high mortgage payments, what tax dollars reached them? The government and banks announced with great fanfare new mortgage modification programs like Hope for Homeowners that promised to give some 400,000 relief. Guess what? To date, approximately 370 applications have been processed by banks in furtherance of this consumer benefit.
Now you know why we’ve connected these activities to the definition of “grand theft.” These banks just took more than $1,000 right out of your pocket. Do you care? It brings to mind that old English saying:
“They hang the man and flog the woman
Who steals the goose from off the Common;
But let the greater criminal loose
Who steals the Common from the goose.”
el jefe
08-07-2009, 06:15 PM
Finally some footage of the Kennedy Bonds. Looks fake to me but what do we know..
decim
08-07-2009, 06:16 PM
Wait, so you trying to say"I'm" deverting?
Nope
"they" are planting the figure for the webcrawlers.
decim
08-07-2009, 06:20 PM
Most highway robbers have the decency to atleast wear a mask.
1. Citigroup got $25 billion. They then declared a dividend and distributed $3.5 billion to their shareholders.
2. JP Morgan Chase & Co. got $25 billion. They then distributed $5.7 billion to their shareholders.
3. Wells Fargo also got $25 billion. Shareholders then received dividends of $4.5 billion.
4. Bank of America got $15 billion, and distributed $2 billion to its shareholders.
5. Goldman Sachs (Secretary Paulson’s alma mater) got $10 billion and distributed almost $1 billion to its shareholders.
real6
08-07-2009, 06:27 PM
Nope
"they" are planting the figure for the webcrawlers.
Sorry, thats what i thought ;)
real6
14-07-2009, 03:36 PM
Mainichi Shimbun on $134 billion treasury bond incident
June 21, 2009 by matt
I noticed that Ken Worsley is still following the $134 billion treasury bond case. The Mainichi Shimbun apparently sent a reporter. A short article appeared on the internet.
Here is the link.
Here is a very poor translation. (I couldn't find one at the English Mainichi shimbun site.) I say poor, but I think it contains all the important information with out any major errors. It's just a bit sloppy. Corrections and clarifications are more than welcome.
イタリア：１３兆円分証券は偽造品？ 密輸未遂で拘束の日本人２人、処罰法なく釈放
Headline: Are the $130 billion in bonds fake? The two Japanese arrested for smuggling have been released.
【コモ（イタリア北部）藤原章生】日本人男性２人が今月３日、計１３４０億ドル（約１３兆円）相当の米有 価証券をイタリアからスイスに持ち出そうとしたとして、イタリア当局に拘束された事件で、所持していた証券 は偽造の可能性が高いことが１５日までの毎日新聞の取材で分かった。
Regarding the $134 billion in treasury bonds seized by Italian authorities from two Japanese nationals crossing the border from Italy to Switzerland, it has been learned by the Mainichi Newspaper that the chances of them being fake are very high.
また、今年４月上旬にも日本人が関与したとみられる別の偽造証券の押収事案があったことが判明。イタリア財 務警察とコモ検察庁は、相次ぐ「巨額」偽造証券の背後に日本人を含む組織的な関与があるとみて捜査している 。
At the beginning of April, Japanese were involved in a similar case of high denomination fake bonds. The Italian police and the local city officials have seen case after case (?) of large denomination bonds in possession of Japanese, which is the background in which these two Japanese were searched and arrested. [Not sure I understand the implications of ”相次ぐ”, which seems to imply this has been happening a while. Has it happened just twice now or is it a regular occurrence?]
同検察庁は、在ローマ米大使館と連携し、押収した証券について調査。
Both local authorities and Italian police have been cooperating with the American embassy in Rome over this issue. [Does the word "調査” imply that American authorities have actually looked at the bonds? Or were just asked about them.]
関係者によると、２人が所持していた米国債やケネディ債は「額面の大きさや発行年代が現存しない可能性が高 い」という。
Based on the year and amount of the bonds, the chances of such bonds *not* existing is very high.
イタリアの法律では、証券が本物の場合、２人には未申告輸出の容疑で巨額の罰金刑が科せられるが、偽物の場 合、使用や提示がなければ処罰されないため、２人は事情聴取後に釈放された。
As per Italian law, while a large penalty can be levied against the bonds if they were real, as in this case the bonds were not real (and were not going to be used), so no penalty was leveraged and the men were let go after questioning.
在ミラノ日本総領事館は２人の所在を把握していないという。
The Japanese consulate general in Milan has no information about the whereabouts of these two Japanese.
今年４月の事件では、日本人から依頼を受けたイタリア人男性が、額面２００億ドル相当の日本国債の偽造品を スイスに持ち出そうとし財務警察に押収された。
Also as far as the incident in April, an Italian man was also found holding $20,000,000,000 (in approximate value, not denomination) in Japanese bonds at the request of the Japanese (men).
Comment: It certainly sounds like a kind of scam. I have absolutely no idea, but a wild guess might be that this is some low level scam, similar to the African email stuff everyone gets. Like maybe they pretend they are trying to dump bonds, but need your help. They then ask for some upfront money.
real6
14-07-2009, 03:38 PM
There is an international criminal network based in the Philippines that produces these fake bonds and bills. The paper is used to sell to greedy and unsuspecting individuals who then get caught trying to cash them.
For example, here's a Spanish case from February involving more than $16 billion in fake bonds (in Spanish):
Here's a USA case from 2008:
Had enough? Want more? Do you remember the Spanish case? Don't you think that law enforcement has not been able to break this network yet?
Here's what the Fed has to say about these schemes:
TO THE OFFICER IN CHARGE OF SUPERVISION
AT EACH FEDERAL RESERVE BANK
SUBJECT: Fraudulent Federal Reserve Note Schemes
Over the past several years, the Federal Reserve has issued various advisories relating to bogus investment schemes involving phony "prime bank" notes, letters of credit, and guarantees, and other financial instruments. In May 2002, in SR letter 02-13 the Federal Reserve once again highlighted the dangers associated with investment schemes that promise very high rates of interest that are, among other things, supposedly generated through secret trading programs involving financial instruments. That SR letter listed the general characteristics or "red flags" of illicit financial instrument investment scams.1
An image of a fraudulent note
Since the issuance of the Federal Reserve's last pronouncement about fraudulent investment schemes in 2002, Board staff has become aware of the growing use of altered Federal Reserve Notes as part of illicit investment schemes. The notes are in face amounts of $1 billion, $100 million, or $50 million or some other astronomically large amount and have "coupons" attached to them. They often look like the picture to the right.
Except for coins, U.S. currency is in the form of "Federal Reserve Notes." The notes are designed and printed by the Bureau of Engraving and Printing of the U.S. Department of the Treasury and are circulated through the 12 Federal Reserve Banks in the United States. These notes are familiar – they are the money in our pockets – and are in general circulation in this country and abroad in $1, $2, $5, $10, $20, $50, and $100 denominations. It would appear that there should be no confusion between the phony notes and legitimate U.S. currency. However, fraudsters often falsely claim that the altered Federal Reserve Notes that they hold are somehow very special (for example, they are part of a secret trove of notes issued by the Federal Reserve under unusual circumstances that have been hidden for decades in secret locations abroad) and are not known to the public because they are so secret. The fraudulent notes – one example of which is set forth above – are worthless.2
Board staff is also aware that wrongdoers have been falsely claiming that the "notes" can be taken to banks and other financial institutions to be used to collateralize loans or traded as part of an investment program. They cannot be used for any purpose whatsoever because they are entirely bogus.3
Federal law enforcement authorities have asked the Federal Reserve to advise individuals, banking organizations, and other entities who have been contacted regarding the phony Federal Reserve Notes to contact the local offices of the agencies. This includes the field offices of the Federal Bureau of Investigation, U.S. Secret Service, U.S. Bureau of Immigration and Enforcement, or Internal Revenue Service's Criminal Investigation Division.
Reserve Banks are asked to distribute this SR letter to the domestic and foreign banking organizations supervised by the Federal Reserve in their districts. Questions concerning this matter should be directed to a senior special investigator in the Special Investigations Section of the Division of Banking Supervision and Regulation at (202) 452-6488 or (202) 452-2289.
Herbert A. Biern
Senior Associate Director
TO THE OFFICER IN CHARGE OF SUPERVISION AND APPROPRIATE SUPERVISORY STAFF AT EACH FEDERAL RESERVE BANK AND TO BANKING ORGANIZATIONS SUPERVISED BY THE FEDERAL RESERVE
SUBJECT: "Prime Bank" and Other Financial Instrument Fraud Schemes
In 1993 and 1996, the Federal Reserve issued advisories concerning illegal schemes purporting to involve "prime bank" financial instruments.1 In its alerts, the Federal Reserve advised banking organizations and the public that, among others things, it does not know of any legitimate use of any financial instrument called a "prime bank" note, guarantee, letter of credit, or debenture and that the Federal Reserve does not guarantee or enter into transactions with individuals and does not license anyone to trade "prime bank" financial instruments or act as the Federal Reserve's agent to sell or redeem such instruments.
Since 1996, fraudulent schemes involving financial instruments have proliferated in the United States and abroad, and investors have lost significant sums of money. Federal and state law enforcement agencies, as well as the U.S. Securities and Exchange Commission, have investigated and prosecuted numerous individuals associated with supposed investment opportunities involving "prime bank" instruments or other financial instruments.
The Federal Reserve wants to again highlight the dangers associated with investing or participating in questionable transactions that promise unrealisticly high rates of return and involve other dubious characteristics. Over the past several years, Federal Reserve staff has reviewed numerous illicit transactions and provided assistance to U.S. and foreign law enforcement and securities regulators and, based on this experience, has identified the following hallmarks or "red flags" associated with many fraudulent financial instrument scams that can be used to avoid them:
*
References to financial instruments issued by "prime banks," "top 100 world banks," "top 25 European banks," and similar references to categories or groups of banks that are not used in the banking industry.
*
Promises of extremely high, unrealistic rates of return with little or no risk.
*
Participation in an investment program often referred to as a "roll program (or programme)," "high yield investment program," or "bank debenture trading program."
*
High rates of return are generated by repeatedly trading (or buying and selling) financial instruments (often over a 40-week period).
*
Legitimate financial instruments, such as letters of credit, guarantees, and medium term notes, are bought and sold or traded in manners that are not realistic -- for example, standby letters of credit are bought and sold.2
*
Transactions are overly complex and nonsensical.
*
Terms that have no meaning in legitimate financial transactions are used repeatedly -- for example, "conditional SWIFT," "key tested telex," "pay order," "funds of good, clean, clear and non-criminal origin," "master commitment," "one year and one day," and "commitment holder."
*
High degree of secrecy -- for example, the trading of financial instruments takes place on a secret market, your banker or investment adviser will not know about the investment opportunity because only a few special people around the world are aware of it or participate in the secret trading, or the investor is being allowed to participate in a secret trading program and, if he or she reveals any information about the program, the investor's participation will be terminated.
*
The investor's funds are absolutely safe and cannot be lost -- for example, a bank has issued a guarantee or an attorney is holding the funds in a special escrow fund.
*
Involvement of a well known governmental authority, such as the Federal Reserve, World Bank, or IMF.
*
Inaccurate references to the International Chamber of Commerce and its publications.
*
Investor's funds will be used for "humanitarian" projects.
Federal law enforcement authorities have asked the Federal Reserve to advise individuals, banking organizations, and other entities who have been approached to invest in a "prime bank" financial instrument or participate in some manner in any transaction containing the characteristics listed above to contact the local offices of the agencies. This includes the field offices of the Federal Bureau of Investigation, U.S. Secret Service, U.S. Customs Service, or Internal Revenue Service's Criminal Investigation Division. The U.S. Securities and Exchange Commission is also actively involved with investigating securities frauds associated with these types of transactions, and asks that companies and individuals alert a local office of that agency.
Reserve Banks are asked to distribute this SR letter to domestic and foreign banking organizations supervised by the Federal Reserve. Questions regarding apparent fraudulent schemes involving "prime bank" financial instruments or other transactions with the hallmarks described above can be directed to the Special Investigations Section of the Division of Banking Supervision and Regulation at (202) 452-2620 or (202) 452-5235.
real6
14-07-2009, 03:44 PM
The only newest info i could find. Video in link:
Glenn Beck is passionate, the only US commentator willing to discuss the subject, but doesn’t really get the issue. His guest, however, is dead on at times, while sounding like someone who doesn’t have a basic understanding of how the Treasury works at others in the video that follows. The fact is that over two weeks since the two men carrying these bonds were arrested, the truth about what they were doing has not yet been made public:
My favorite quote: “Is a dollar really worth 100 cents, or is it worth less than that?”
Dude, I think they explained that in third grade, at least at Cathoilc Schoool. Aquinas can explain it pretty easily in terms of math.
LA Times picks it up:
Case of $134-billion T-bond bust fuels conspiracy theories
9:22 PM, June 17, 2009
For your entertainment, Bloomberg News columnist William Pesek lets his imagination run wild about the strange case of two Japanese men who were allegedly trying to smuggle $134 billion in U.S. Treasury bonds into Switzerland last week:
Two Japanese men are detained in Italy after allegedly attempting to take $134 billion worth of U.S. bonds over the border into Switzerland. Details are maddeningly sketchy, so naturally the global rumor mill is kicking into high gear.
Are these would-be smugglers agents of Kim Jong Il stashing North Korea’s cash in a Swiss vault? Bagmen for Nigerian Internet scammers? Was the money meant for terrorists looking to buy nuclear warheads? Is Japan dumping its dollars secretly? Are the bonds real or counterfeit?
The case has received little play in mainstream media, which Pesek presumes is because it’s so surreal. And, probably, because the assumption is that the bonds are phony. But the Italian authorities seem to have released few details so far.
I think the original story was carried by a service called AsiaNews, which I’ve never heard of. Go here for the original and here for the service’s follow-up. The Seeking Alpha website has a story here. Glenn Beck on Fox News also has picked up on this.
As you’re reading, keep in mind that actual facts on the story are in short supply.
Still, even assuming this is just a counterfeiting case, the total involved (if it’s accurate) is mind-boggling. This is manna from heaven for conspiracy theorists.
Note, though, that Bloomberg goes a little over the top with the headline on Pesek's column, suggesting that "Suitcase With $134 Billion Puts Dollar on Edge." The dollar may have plenty of things weighing on it lately, but this probably isn’t one of them.
-- Tom Petruno
And from Turner Radio Network:
The headline seems odd on this FT piece:
Italian Mafia cashes in on fake T-bills
By FT reporters
Published: June 19 2009 03:00 | Last updated: June 19 2009 03:00
One summer afternoon, two "Japanese" men in their 50s on a slow train from Italy to Switzerland said they had nothing to declare at the frontier point of Chiasso. But in a false bottom of one of their suitcases, Italian customs officers and ministry of finance police discovered a staggering $134bn in US Treasury bills.
Whether the men are really Japanese, as their passports declare, is not entirely clear, but Italian and US secret services working together soon concluded that the bills and accompanying bank documents were most probably counterfeit, the latest han-diwork of the Italian Mafia.
Few details have been revealed beyond a June 4 statement by the Italian finance police announcing the seizure of 249 US Treasury bills, each of $500m, and 10 "Kennedy" bonds, used as inter-government payments, of $1bn each. The men were apparently tailed by the Italian authorities.
Yesterday the mystery deepened as an Italian blog quoted Colonel Rodolfo Mecarelli of the Como provincial finance police as saying the two men had been released. The colonel and police headquarters in Rome both declined to respond to questions from the Financial Times.
"They are all fraudulent, it's obvious. We don't even have paper securities outstanding for that value,'' said Mckayla Braden, senior adviser for public affairs at the Bureau of Public Debt at the US Treasury department. "This type of scam has been going on for years.''
The Treasury has not issued physical Treasury bonds since the 1980s - they are handled electronically - though they still issue savings bonds in paper format.
In Washington a US Secret Service official said the agency, which is working with the Italian authorities, believed the bonds were fake.
Officials in Tokyo were nonplussed. Takeshi Akamatsu, a Japanese foreign ministry press secretary, said Italian authorities had confirmed that two men carrying Japanese passports had been questioned in the bond case, but that Tokyo had not been informed of their names or current whereabouts.
"We don't know where they are now," Mr Akamatsu said.
Italian officials, while pointing out that hauls of counterfeit money and Treasury bills were not unusual, were stunned by the amount involved. Investigators are looking into the origin and destination of the fakes.
Last month Italian prosecutors revealed they had cracked a $1bn bond scam run by the Sicilian Mafia, with the alleged aid of corrupt officials in Venezuela's central bank. Twenty people were arrested in four countries.
The fake bonds were to have been used as collateral to open credit lines with banks, Reuters news agency reported. The Venezuelan central bank denied the accusations.By FT staff in Rome, Tokyo, New York and Washington
Fall in jobless claims raises hopes
The number of US citizens claiming unemployment benefits fell for the first time since January, the labour department said yesterday, raising hopes the worst could be over for the stricken job market.
Continuing jobless claims declined by 148,000 to 6.69m in the first week of June, more than economists expected and marking the biggest weekly drop since 2001. The total number of US workers claiming unemployment benefits had hit new record highs for 19 straight weeks.
However, new jobless claims ticked up last week, offering a reminder that any employment recovery will be slow and that companies are continuing to cull workers as they cope with the recession. Initial jobless claims rose by 3,000 last week to 608,000 as layoffs mounted in the construction and car industries.
Joshua Shapiro, chief US economist at MFR, noted the probability that "long-term unemployed are starting to fall off the rolls as the duration of their unemployment benefits reaches the statutory limit".
real6
14-07-2009, 03:49 PM
Find a blog in Japanese:
One of involved two Japanese men is Tuneo Yamauchi. He is brother-in-law of Mr. Toshirou Mutoo, former deputy Governor of Bank of Japan.
Yosano Says Japan’s Trust in Treasuries ‘Unshakable’
Customs displays phony 1930s cash, bonds
It just gets more and more odd after my original report, with the latest coming from a German newspaper (translation courtesy of Google):
Hit for the Zöllner: The contraband securities valued at 134 billion U.S. dollars are apparently real. Die italienische Finanzpolizei hatte zwei Japaner ertappt, die im doppelten Boden eines Koffers milliardenschwere Anleihen in die Schweiz schaffen wollten. The Italian financial police had two Japanese caught in the false bottom suitcase billion-dollar bonds in Switzerland wanted to create. Von dem Fund profitiert das hochverschuldete Italien.
Note that this has received very little coverage in the so-called "mainstream US media" - but it is everywhere in Europe and Asia.
Japan, for its part, oddly said the following as soon as this story started to hit the press:
“We have complete trust in the fact that the U.S. views its strong-dollar policy as fundamental,” Yosano, 70, said in an interview in Tokyo on June 10 before attending a Group of Eight meeting of finance ministers starting today in Italy. “So our trust in U.S. Treasuries is absolutely unshakable.”
Uh huh. And the Japanese said in December of 1941 that all was well too. Anyone remember what happened on the morning of the 7th?
Let's apply a little "Occam's Razor" to this entire story.
You're not going to walk into a bank with $130 billion in bearer bonds and cash them. Nor are you going to sell a bond with a $500 million face value to someone without them authenticating it. They will be authenticated before you get one dime out of them - no matter who you think you're going to "give" them to.
So if they're fakes and you're "just screwing around", there is no reason to hide them. Nor is there any particular reason to have authentic and recent original bank documents in your luggage with them, as has been reported.
Next, unless someone knew you were smuggling them, why would you be subject to that sort of search? What made the people involved "interesting" to the authorities? This doesn't sound like a random stop to me; how many people are carrying $130 billion in bearer bonds at any given point in time? No, someone was tipped off that this was happening. Now why would you bother to stop them here, prior to their attempted delivery of such instruments, if they were fake?
Think about this: You know someone is smuggling a load of drugs. You can either bust them immediately or you can tail them and bust them when they show up at the "meet" to exchange the dope for the money. If you do the former the guys with the money get away, having committed no crime. But if you do the latter, you get to bust both the courier and the purchaser - two times the effectiveness for the price of one, and double the seizure value, since you get to seize the cash too!
So let's assume that the certificates are real, as German media seems to believe and which, by the way, makes logical sense given what they were and the sheer impossibility of cashing a fake $500 million bond.
Ok, who has $130 billion in bearer bonds? Remember, bearer instruments haven't been issued by the Treasury since 1982, when they became illegal to issue, at least to US institutions and residents (there was an exception carved out for Treasury instruments issued to non-US residents in 1985 - a time of high deficits) The answer to that question: it is rather unlikely that there remains $130 billion of legitimate US Bearer issuance outstanding anywhere - to anyone.
Mr. Holmes would be initially puzzled by such a caper. On the one hand we have the impossibility of the bonds being real, because there simply isn't $130 billion of issues remaining outstanding. On the other hand we have the impossibility of negotiating a fake $500 million bearer instrument, making the exercise of counterfeiting one expensive and futile.
This leaves us with more questions than answers at this point.
Or does it?
As Mr. Holmes is famously rumored to have said, "once you eliminate the impossible, whatever remains, however implausible, must be the truth."
So what remains? Let's run a theory here - one of the few possible remaining options, given the exclusion of what we know not to be true...
Are we willing to assume that all the "issue" of Treasury bonds has been done "above board" as required by law. If Treasury has been surreptitiously issuing bonds to, say, Japan, as a means of financing deficits that someone didn't want reported over the last, oh, say 10 or 20 years, then the following is about to occur:
Who could have possibly been complicit in such a scheme? I can come up with only two nations (and only nations could be involved due to size): The Japanese and Chinese. Since the two individuals who were arrested were reported to be Japanese nationals......
There are tremendous implications in an event like this, again, assuming the bonds are real.
The owner is going to want them back, of course. But Italy is going to keep a third as their statutory penalty for non-declaration on the border. Oops. That's great for Italy, but it blows bananas for the actual owner.
Of course Italy (or the US!) could declare them "fake" and as a consequence simply burn them. If they are in fact real, that's an even bigger problem. See, Bearer Bonds are issued without registration - they are as anonymous as a $100 bill in terms of who owns them. That's one of their "features", and why they were often used for various clandestine money operations. So if they are real and are destroyed, the owner is out of luck - their money is gone just as it is if you burn a $100 bill in an ashtray.
How much is $130 billion in this context? About 1/5th or so of what Japan legitimately owns of US Treasury debt. How would you like to take an instantaneous (and permanent!) 20% haircut on your securities? That's what I thought.
To add some balance here, there have been stories about fake bearer bonds coming out of North Korea and other places for years. But the idiocy of attempting to pass a $500 million certificate belies this possibility - who in the name of God would take such a thing and give you anything for it without authenticating it first? While bearer instrument are "anonymous" in terms of who owns them, their authenticity is easily verified as they ARE serialized instruments.
I remain puzzled, and am not advancing the above theory as fact.
It is, however, one of the few explanations that actually fits the facts, and for that reason, I think we need some answers. If in fact previous administrations were issuing "off-book" Treasury debt in this fashion to sovereigns then implications are truly explosive as such issues are blatant and outrageous unlawful acts and would expose everyone involved to severe criminal penalties.
Let's hope we get those answers, and this isn't one of those "funny things" that just disappears into the night.
decim
14-07-2009, 06:40 PM
Definitive theft/fraud deception with the Take And Run Policy
el jefe
14-07-2009, 07:43 PM
“We have complete trust in the fact that the U.S. views its strong-dollar policy as fundamental,” Yosano, 70, said in an interview in Tokyo on June 10 before attending a Group of Eight meeting of finance ministers starting today in Italy. “So our trust in U.S. Treasuries is absolutely unshakable.”
:rolleyes:
real6
20-07-2009, 05:00 PM
To create an illusion you need people to see it. When people see the tricks it becomes a recipe for disaster and what a recipe this is.
And we add our first ingredient -
Russia reportedly has ~140 billion in US debt they are trying to get rid of.
There was 134.5 Billion left in TARP at the end of March.
Timmy (the cheat) Geithner is currently in Italy, meeting with the Japanese and Russian financial guys in relation to the G-8.
And the cherry on top
Which is why we were greatly troubled when we learned recently on good authority that Federal representatives may have opened multiple undisclosed-type accounts with none other than State Street Global Advisors over the past few months. All of these accounts are allegedly handled by one single trader, who is cocooned and isolated from interaction with other partners. Doomdaily
What a recipe and what an insight from Urban Survival, I wonder what it looks like after being cooked! I dont want to taste it thats for sure.
decim
20-07-2009, 05:34 PM
To create an illusion you need people to see it. When people see the tricks it becomes a recipe for disaster and what a recipe this is.
And we add our first ingredient -
Russia reportedly has ~140 billion in US debt they are trying to get rid of.
There was 134.5 Billion left in TARP at the end of March.
Timmy (the cheat) Geithner is currently in Italy, meeting with the Japanese and Russian financial guys in relation to the G-8.
And the cherry on top
Which is why we were greatly troubled when we learned recently on good authority that Federal representatives may have opened multiple undisclosed-type accounts with none other than State Street Global Advisors over the past few months. All of these accounts are allegedly handled by one single trader, who is cocooned and isolated from interaction with other partners. Doomdaily
What a recipe and what an insight from Urban Survival, I wonder what it looks like after being cooked! I dont want to taste it thats for sure.
Recipe for a giant sh#t sandwich, question is who's going to be eating it.
Great info Real6.
real6
20-07-2009, 05:40 PM
Recipe for a giant sh#t sandwich, question is who's going to be eating it.
Great info Real6.
Trying to keep up with it but its hard to find....
real6
22-07-2009, 07:27 PM
Possible Links to a Coming Bank Holiday in the Ongoing $134.5 Billion Bearer Bond Mystery
Possible Links to a Coming Bank Holiday in the Ongoing $134.5 …
In fact according to official Italian sources the Commission of American experts, expected in Italy , have yet to arrive. Furthermore, the bonds were accompanied by a recent and original bank record. It is therefore unclear how the U.S. … They were supposed to bring the bonds to Switzerland because the Japanese government had apparently lost confidence in U.S. ability to repay its debt. Japanese financial authorities therefore were trying to sell a part of the securities …
Possible Links to a Coming Bank Holiday in the Ongoing $134.5 Billion Bearer Bond Mystery
Since the time I wrote the first article about this event, “The Strange Inconsistencies of the $134.5 Billion Bearer Bond Mystery”, there has been virtual silence in the media regarding any follow-up to this story. However, a little Italian-based website called Asianews.it reported the below story a couple of weeks ago that contained even more strange inconsistencies than the ones I originally reported. I’ve outlined the most prominent portions of this article below.
“Four weeks have passed since American bonds were confiscated from two Japanese men who were traveling on a direct train to Chiasso, Switzerland, and while there has been clarification of some – very few -points, Italian authorities have remained silent on the rest of the episode…The major English-speaking newspapers ignored the story for a couple of weeks. They only started to report on it after the Bloomberg agency carried a story on June 18th, in which a spokesman for the Treasury, Meyerhardt, declared that the bonds, based on photos available on the Internet, were ‘clearly false’. The same day, the Financial Times (FT) published an article whose title laid the blame for the (alleged) infringement at the feet of the Italian Mafia, despite the fact that the article failed to make even one possible connection with the episode in Chiasso.”
Furthermore, “the Financial Times (FT) published an article whose title laid the blame for the (alleged) infringement at the feet of the Italian Mafia, despite the fact that the article failed to make even one possible connection with the episode in Chiasso. Nevertheless, the version of events as reported in FT was taken up by others as being ‘appropriate’.”
When this story first broke, the Italian financial police stressed the remarkable authenticity of the 249 bearer bonds, each of $500 million denomination, and that they were indistinguishable from the real ones. If so, how would it be possible for US Treasury spokesman Meyerhardt to declare the bonds fake based upon looking at internet photos? If he declared them fake because of their alleged 1934 date, note that although this detail was provided by a Bloomberg report, apparently the alleged 1934 date of the bearer bonds was not included in any official statement issued by Italian police. Bloomberg reported that the purported 1934 date came from Colonel Rodolfo Mecarelli of the Italian financial police. If this is true, then why would Colonel Mecarelli omit this critical piece of information from his official report? And indeed, it is strange of the Financial Times to lay the blame for this bearer bond mystery at the feet of the Italian Mafia without any explanation or evidence that points to the mafia’s involvement. Very strange indeed.
On June 25th, “the New York Times reported on the story in particular, the allegations of CIA spokesman, Darrin Blackford: the U.S. Secret Service carried out inspections, as required by the Italian judiciary, and found that they were fictitious financial instruments, never issued by the U.S. government. It is not clear, however, how the checks mentioned by Blackford were carried out and whether they were also are carried out via internet. In fact according to official Italian sources the Commission of American experts, expected in Italy, have yet to arrive. Furthermore, the bonds were accompanied by a recent and original bank record. It is therefore unclear how the U.S. authorities can declare fake documentation that does not originate from the Fed or the U.S. Department of Treasury.”
Again, is any of the above believable? Are we really to believe that no US official made the trip to Italy to inspect these bearer bonds for authenticity and that US officials conducted their inspections via photos passed through the internet? Again, this makes no sense at all. Given the enormous implications regarding the indistinguishable authenticity of these bearer bonds from real bearer bonds, I would believe that a modicum of common sense would dictate that the US Treasury and US Federal Reserve immediately send agents to Italy to inspect the bonds as a matter of procedure. Even if the bearer bonds could be confirmed as fake through their serial numbers, I still find it very difficult to believe that no US official would want to personally inspect the bearer bonds in an attempt to track down the counterfeiters. The official stance that no US officials had yet arrived in Italy a couple of weeks after the discovery of the bearer bonds is very difficult to believe.
“Claims in support of the bond’s authenticity were made June 26th on the Turner Radio Network (TRN), an independent radio station broadcast via Internet. On that date in a massive exposure, TRN stated that the two Japanese men arrested by the Guardia di Finanza (GdF) and then released in Ponte Chiasso were employees of the Japanese Ministry for Treasury. AsiaNews had also received similar reports: one of the two Japanese arrested in Chiasso and then released is Tuneo Yamauchi, the brother (in-law) of Toshiro Muto, until recently vice governor of the Bank of Japan. On its website, the creator and presenter of the Radio, Hal Turner, had also claimed that his sources had revealed that the Italian authorities believe the evidence to be authentic and that the two Japanese officials are from the Japanese Ministry for Finance. They were supposed to bring the bonds to Switzerland because the Japanese government had apparently lost confidence in U.S. ability to repay its debt. Japanese financial authorities therefore were trying to sell a part of the securities in their possession through parallel channels ahead of an imminent financial disaster, thanks to the anonymity which, Turner said, is guaranteed by the laws of Switzerland.”
Certainly if the identity of one of the two Japanese men could be confirmed as the brother-in-law of the recent vice governor of the Bank of Japan, then this would seem to indicate that there is much more to this story than the “official” story that is being reported. However, all I could discover about this detail was that the identity of Tuneo Yamauchi was leaked by “confidential sources” whose reliability is unknown. So the alleged identities of the two Japanese nationals caught in possession of the bearer bonds still remain a big question mark.
“AsiaNews does not know to what extent Turner’s revelations can be held as credible, given that in this case too, it is difficult to believe that $ 134.5 billion would pass unnoticed anywhere in the world. It seems far more logical to assume that the bonds, if authentic, were directed to the Bank for International Settlements in Basel, BIS, the central bank of central banks ahead of the issuance of securities in a new supranational currency.”
The only thing interesting about the above is that there have been lots of underground rumblings about the imposition of a US Bank Holiday, similar to the one imposed during the Great Depression, sometime before the end of this year for the purpose of dollar devaluation. These rumblings have allegedly originated from employees that work at US embassies all over the world, but at this point, these rumors are all anecdotal. If another Bank Holiday was in the works, then it would lend more credibility to the “authentic bearer bonds” angle, but this is a very big “if”.
“One more element in favour of the bond’s authenticity is found in the securities, which in the June 4 statement, the GdF termed “Kennedy Bonds” with photos provided. These photos reveal that the securities under discussion are not bonds but Treasury Notes, because they are securities that can be immediately exchanged for their worth in goods or services and because they are devoid of interest coupons. One side carries a reproduction of the image of the American president, the reverse side that of a spaceship. From confidential, usually well-informed sources, AsiaNews has learned that this type of paper money was issued less than ten years ago (in 1998), although it is difficult to know whether those seized in Chiasso are authentic. But the fact that the release of this particular State Treasury was not completely in the public domain tends to exclude the possibility of counterfeiting. It is highly unreasonable to suppose that a forger would reproduce a State Treasury not commonly in circulation and of which there is no public knowledge.”
In the end, there truly is no possible way to separate fact from fiction in this still under-reported and largely uncovered story; however, if a Bank Holiday happens before year end, it certainly will lend significant support to the still incredulous possibility that these bearer bonds were indeed real.
real6
22-07-2009, 07:30 PM
Also, check the comments on this website. Some interesting comments...
The real name of Tuneo Yamauchi is “Akihiko Yamaguchi”
from WHISTLEBLOWER - RESPONSE TO STRIDERUS' POST OF JUNE 15th, re: 2 JAPANESE MEN WITH U.S. BONDS
Posted By: hobie
Date: Thursday, 18-Jun-2009 00:11:10
From Whistleblower - 6 PDF files of documentation accompany this post - look for links at the end in order to view that documentation:
=====
Dear Hobie,
I refer to
the section of a posted by Striderus on June 15th as follows:-
=====
>
I think every one interested in this story needs to see this information I recieved found no where else but here at RMN
Posted By: Striderus Send E-Mail
Date: Monday, 15-Jun-2009 21:39:14
In Response To: B. Fulford's
updated arrests involving ' citizens arrested in Italy last week carrying bonds worth $134 billion ' (Striderus)
".... the name of the gentleman is akihiko yamaguchi he is a representative of the dragon family in japan - the bonds are registered with the fed under fed code; draggon family, very old story ...................... and very delicate ...."
I find this especially interesting considering what he is involved in in business ...
And also considering Maat's post.
Striderus
=====
If I may respond, with publication, relative to the highlighted area of Striderus’s article.
Akihiko Yamaguchi was a top official at the Japanese Ministry of Finance, and the signatory for the Dragon Funds under the authority of the Ministry of Finance / Minister.
Yamaguchi was also responsible for the unauthorized and illegal issuance of the Japanese 57 Series Bonds which were issued using the Dragon Funds as Collateral. Yamaguchi was subsequently arrested and incarcerated for Fraud.
Obviously he is now out of prison and up to his old tricks. Some people never learn do they.
However, the fact that neither he or his Japanese accomplice were actually arrested or charged by the Italian Authorities, when they are undoubtedly and blatantly breaking Italian Law relevant to the carrying of cash / securities across borders, and International Law whereby they were in possession of stolen property (The UST Historic Bonds 1933/34 = $134 billion USD) whereby the intent was to commit fraud and criminal / fraudulent deception by virtue of the possible illegal use of the Stolen Property; is in my opinion evidence that there is something more than just strange about the whole issue surrounding the $134 bill UST Bonds and the actual people involved.
Perhaps the notion of Yamaguchi being connected to the CIA and covert operations has quite a lot of foundation.
I also hasten to add that the other Japanese person in Italy with Yamaguchi may have been Mr Mitsuyoshi Watanabe (Yamaguchi’s accomplice in the Japanese Series 57 Bond scam)
For those interested I attach in Adobe .pdf format, copies of Yamaguchi’s Passport and details of the illegally issued Japanese 57 Series Bonds, plus copies of the Passports of all other known persons involved with this illegal issuance matter, which I gained when investigating this same.
(Please Note: As this subject matter is directly related to the Japanese Government and its Ministry of Finance, specific documents contain a “Top Secret” stamp / seal. Readers should note that under Japanese Law and US Law (together with similar laws of other Nations), it is illegal to publish such documents.
Readers should also note that International Treaty Law and International Law, where relevant to the Combined International Collateral Accounts, takes precedence over National Laws, whereby National Laws become subservient and as such are irrelevant.
However, so as to avoid any form of reproach, embarrassment, conflict, legal actions, or otherwise, that may be inflicted, undertaken, brought upon, enacted, or otherwise, against , or any other community Web Site, together with Owners, Administrators, adjudicators, or similar, such documents containing “Top Secret”, “Secret” or similar official descriptive wording, will not be published and will therefore restrict the public from viewing or obtaining full details of this specific illegal transaction.
We do apologize for this, but we point out that we also care and are considerate towards any person, persons, or party who willingly agree to publication of such matters, whereby the consequences of same may have an adverse effect on such person, persons, and parties, whereby the fullest possible protection from any adverse effects or consequences are paramount in our minds and within our own acts or actions).
I can also state that ABN-amro bank in Holland were partly involved in this fraud as they issued a “Proof of Funds” to an Egyptian (Ibrahim Ghonaim) who had gained possession of one of the Series 57 Bonds.
These Bonds, or Series, issued under requisite Authority from the International Treasury Controller, through the Japanese Ministry of Finance are in fact, and strictly, Government to Government Bonds only.
Needless to say, and I hate repeating myself, but the Dragon Funds are actually part of the Collateral Accounts of the Global Debt Facility, whereby The Japanese Ministry of Finance / Government are just Custodians of the numerous Accounts held in Japan, and whom hold no authority, without of course the requisite permission of the International Treasury Controller, to issue, or authorize issuance of any Bonds, Notes, Certificates or otherwise against the Dragon Fund Accounts.
Please refer to the attachments, which should be displayed with my response whereby I hope you can insert them within, or below, my response. Unfortunately I only have these in .pdf format.
Regards
Whistleblower.
Attachments:
A5721-DragonBond.pdf
[Two Top Secret documents omitted]
Passport-Ghonaim.pdf
Passport-Watanabe.pdf
Passport-Xavier.pdf
Passport-Yamaguchi.pdf
Xapier-POA.pdf
(Thanks, J. :)
Reader J. writes:
************************************************** *************************
Re: from WHISTLEBLOWER - RESPONSE TO STRIDERUS....
If the two person caught with the bonds is a filipino i think someone is connected to them. They doesn't look to be Japanese maybe a Japanese citizen i know that there are thousands of those are here in Mindanao and i know one of the holder and someone said that there will be a scheduled redemption program soon starting from Europe, China and The Philippines.
************************************************** *************************
IN RESPONCE:
Dear Mr J.
Thank you for your input which is highly respected and appreciated.
As far as we have been made aware, there were only 3 people taken off the Italian train and their baggage searched. Two were definitely Japanese and their identities are known, One was apparently a European or American carrying a Diplomatic Passport.
However, I should point out that information is expectedly vague on these matters at this moment in time whilst further investigations are being undertaken.
Whether a Filipino was accompanying the above persons we have no knowledge on same as yet, but our thanks for bringing this to our attention which we will take into account in due course.
We did actually post [as PDF files] Passport copies of the two Japanese apparently involved. These were posted under
from WHISTLEBLOWER - RESPONSE TO STRIDERUS' POST OF JUNE 15th, re: 2 JAPANESE MEN WITH U.S. BONDS
hobie -- Thursday, 18-Jun-2009 00:11:10
If you care to look at the passport copies, or alternatively sent us a copy of the picture you are referring to when you state they do not look like Japanese, I will investigate and get back to you on it.
As for a scheduled Redemption, unfortunately this is not correct. All these certificates that are referred to in my previous posts and other posts are Debt Obligation Certificates whereby the only party who can redeem that debt is the Nation that issued the Obligation Certificates to secure the debt. As this is America I can not see for many years to come that they will be able to redeem the debt under any circumstances.
As for other matters surrounding the assets, whether certificates or physical assets, you, or your associates are very welcome to contact me at any time and seek confirmation of anything you may have heard, or seek advice of specific matters if there is a need to do so.
In the meantime, thank you once again for your questions
Regards
Whistleblower.
(Thanks, SG :)
Reader SG writes:
************************************************** *************************
Re: from WHISTLEBLOWER - RESPONSE TO STRIDERUS....
I sent this post to a friend and this was friend's comment:
Whistleblower:
Please evidence the existence of a bona fide "International Treasury Controller" and the "Combined international collateral accounts of the Global Debt Facility"?
And while you're doing so perhaps you could likewise evidence the supposed beneficiaries of this wonderful facility namely "Nations of the World" a fantastically girthsome and generic term that, so far as I can ascertain, has no actual reality outside of a Walt Disney Studio. Perhaps it is so hush-hush that mere mortals aren't allowed a glimpse behind the (grifters) curtain?
I ask only because I want to know which nations of the world agreed to the post of an " International Treasury Controller" back in 1933/34-ish?
Did, for example, Hitler's Germany agree with Roosevelt's America to do this? Did Ramsey MacDonald"s Britain agree with Benito Mussollini"s Italy to join the team as partners? Or are we talking of "Injun" nations of the world--- or the Dominion of Mechizedek's nations of the world or Walt Disney Studio"s make-up artists nations of the world?
************************************************** *************************
IN RESPONCE:
Dear Hobie,
In response to the questions put forward by Reader SG:
Dear Sir,
We have experienced questions of this nature before and I have to say that we have absolutely no reason to justify or defend ourselves against such questions.
Such questions generally have three sources:-
a). Individuals or professionals who do not carry the applicable status or clearance level to access the data records of the OITC, the relevant International Treaties, or all documented decisions made by the Nations of the World.
b). Misinformation or sabotage agents whose main purpose is to discredit and destroy, and whom usually work for specific governments or government agencies.
c). Those who genuinely want to either contact the OITC or find out more, but get frustrated in their efforts to locate relevant information, and then claim that if they can’t find it, then it doesn’t exist.
Sir, you have obviously not read either the content of our web site ( ), nor viewed the Video Presentation – General information, because if you had then you will clearly notice and hopefully understand that only Kings, Queens, Presidents, Prime Ministers, or in certain cases under special dispensation, a Minister of Finance or Minister of Foreign Affairs, can seek verification of the OITC using and strictly applying specific procedures and protocols.
We do publish whatever information we possibly can to enlighten people, but sometimes that is not enough and can be damaging to a slight degree.
This is not of our making but that of the Nations of the World at the time and although we are making the appropriate efforts by seeking the necessary changes, unfortunately the wheels of International bureaucracy turn very slow indeed.
The fact that you are making insinuations and scepticisms of a discrediting nature tells me a lot about you, whereby I have no need to justify our existence to you at all. What you believe is your prerogative, but do not try to impose your own distorted opinions on others via a respected community Web Site, especially if you do not hold the status or capacity to seek proper formal and official verification of the OITC.
Sir, have you ever looked at the other side of the coin and wondered, or even questioned as to why this has been held secret ever since inception, 1920, 1945 to date. If not, perhaps you should. Maybe you should also read some of the postings on RMN by other respectable persons such as Watcher 51445, Rayelan and many others, as these are all relevant to the subject matter and / or the Collateral Accounts in one way or another and actually are all relevant to the very same financial system which you are claiming to be, quote “are we talking of "Injun" nations of the world--- or the Dominion of Mechizedek's nations of the world or Walt Disney Studio"s make-up artists nations of the world?”.
What you do not know, and probably never will, is that there are several Sovereign Nation Presidents and Prime Ministers who are fully aware of who we are and have been dealing with us over a period of time. Unfortunately, we are not allowed to breach confidentiality and will only reveal the names of those persons / countries if and when they give their written permission.
I should also point out some additional facts to you and other readers:-
a). It was the Collateral Accounts (GDF) that under-pinned the US Dollar until 1971 when the Gold Standard was removed by President Nixon.
b). It is the Collateral Accounts (GDF) that underwrite the Federal Reserve System (Not the actual Federal Reserve) which is also operational in Europe. There is a special account for this, which is Fedsystem Account No. 8543418(8)
c). It is the Gold of the Collateral Accounts (GDF) supporting the IMF, some 3,400 + MT of gold that actually belongs to the Collateral Accounts.
d). It is the Collateral Accounts (GDF) that also have a special account for the United States Senate (U.S. Senate Account No. 9845270019) which the Senate can draw against to cover specific costs incurred relative to work undertaken by the Senate regarding the Collateral Accounts (GDF).
e). Files on H.E. The Chairman and the OITC are Secured by U.S. Congress under 3rd Level to the 5th Level Rules, with Appointment and Protective reaffirmed by the United States Senate under the Great Seal of America No: 632-258894. The US Congressional Committee holding the file and who are responsible is Chaired by a very well known long established US Congressman.
I could go on and on, but there doesn’t seem to be much point based upon your own negative attitude.
Proof is there if you seek it from its lower realms, but perhaps Sir you do not want to know the truth. Whatever the reason for you not wanting to know the truth, please realize that others do, and certainly several parts of the US Government already do as they are financed by the Collateral Accounts (GDF) and hold official documentation / information of H.E. The Chairman and the OITC.
You see Sir, the world is not as you imagine or want it to be. Just because you demand answers and imply negative factors if you do not get the answers, doesn’t mean to say that the world has to listen to you or kneel to your every command. Far from it.
Governments are equally secretive to the people (That’s why they get away with many things including corruption etc.). What you see publicly and what really goes on beneath the scenes are two totally different things, but do you Sir, ever question same with a similar vengeance. No, I very much doubt it, because you will believe what you want to believe no matter what truth is placed before you.
On that, enough said as your statement says it all, quote “Perhaps it is so hush-hush that mere mortals aren't allowed a glimpse behind the (grifters) curtain?”. I would use the words “Top Secret” or “Secret” instead of “hush – hush” as being more applicable. Please be assured however that we are as transparent and open as we possibly can be, or allowed to be at this moment in time.
Please Note: The OITC Web Site now has a Question and Answers section ( ) if you prefer to use this as an alternative. However, without turning RMN into a “Discussion Board” we do like to be open and transparent so posting at RMN is acceptable to us as it enables others to learn about the facts and truth.
Regards
Whistleblower
real6
22-07-2009, 07:59 PM
My articles have been vindicated. After you read the piece below, check out the sixth update to this Cryptogon article on the mystery bonds. The main Cryptogon article was written before my work but the update -- which gloms onto the Filipino connection -- was written afterward, independently. The giveaway was the "1934" date on the bonds. Apparently, when someone tried to pull this trick back in 2005, the bonds amounted to $3 trillion. Those guys on the Italian-Swiss border were pikers. For lots more info (included a damning photo), see my updated post, "Vindication.")
Our previous story on "The Italian job" has gotten stranger.
Before we get to the new stuff, we must recap: Two "Japanese nationals" (who may not actually come from Japan) were caught in Italy just as they were about to take $134.5 billion dollars in bonds into Switzerland. Most of these bonds, we are told, were of such a ridiculously high denomination ($500 million each) as to make them non-negotiable by normal humans. Only states could hope to use such things.
Mystery number 1: What did the "Japanese nationals" hope to do with these instruments?
Mystery number 2: Are the bonds counterfeit or real? If real, Italy stood to gain a windfall -- Italian law allows the government of that country to take 40 percent of the booty.
Mystery number 3: Why has the American press kept mum about a possible swindle that dwarfs the Madoff affair? The Europeans and the Asians are all over it.
Now that we are caught up, here's the latest: This site by Karl Denninger quotes a translated German news article which indicates that the bonds are probably real, or so sayeth the Italians. That clear up Mystery number 2.
Or does it? Recall that the Italians, who are conducting the investigation, have a strong financial stake in the outcome. Below, we will examine good evidence that the bonds are actually outrageous fakes.
Real or fake, just how did the two "Japanese" hope to cash such bonds? Who are these guys? Why are their names being kept out of all news accounts?
One news story -- immediately taken offline -- identified one of the "Japanese" as a notorious con man from the Philippines named Yohannes Riyadi, a.k.a. Wilfredo Saurin, whose associates in international crime are fairly well-known. The other guy may have been his comrade Joseph Daraman. These two men are the right ages, and they both could pass for Japanese. They've been trading in fake documents from the Federal Reserve for years.
A more basic question: Just what ARE these bonds?
Karl Denninger seems to think that we are dealing with bearer bonds. Such bonds are like the bills in your wallet (only lots more compact) -- they bear no record of the transaction. If you possess them, the money's yours. That is, if you can figure out how to cash a $500 million bond, which you probably couldn't.
But are they bearer bonds? The original Italian story referred to the bonds as mostly "Federal Reserve Bonds" plus "Kennedy Bonds." BabelFish it:
Duecentoquarantanove bond della Federal Reserve statunitense per un valore nominale di 500 milioni di dollari ciascuno, più 10 bond Kennedy da 1 miliardo di dollari ciascuno
And now I'm trying to figure out just what these words mean.
Maybe you'll have better luck than I did, but when I looked up the phrase "Kennedy bonds," I encountered no previous usage of that term. The classification almost certainly does not exist.
"Federal Reserve Bond" is a more difficult term. This site offers a discussion of the Italian mystery which includes an eye-opening comment by one sjfan:
I used to trade treasury bonds and cash for several institutions... there's no such thing as "Federal Reserve Bond". It doesn't exist. The fed do not issue their own debt instrument.
Is that claim true? The improper subject-verb agreement does not necessarily mean that we should dismiss what sjfan has to say. I've been researching the term "Federal Reserve Bond" and have found no hard evidence that such an animal has ever stomped the earth. Yes, there are Federal Reserve Notes, which we all know about. But the bonds shown in the photograph are not those.
So what are they? Here's where we enter the land of high strangeness.
I found a surprisingly relevant YouTube video produced by a group of Asian religious fanatics. This video allegedly displays old Federal Reserve Bonds, dug up from an underground stash. You really must watch this video, because it has a direct impact on our tale. Sorry about the annoying music, but at least the Beethoven is nice:
At about the 1:26 mark, you'll see a rather soiled financial instrument that looks an awful lot like the ones pictured in the photo taken of the Italian job. There must be a connection.
So where did these bonds come from? This cache is attributed to "Queen Salvacion A. Legaspi," who, near as I can tell, heads up a cult in the Philippines. As you will recall, we have tentatively identified the two "Japanese" nationals as a pair of notorious high-level Filipino grifters.
And where did the Queen supposedly find all this stuff? I'm dying to hear her tale of treasure and adventure, which I'm sure will be very entertaining.
In a 2007 press release preserved here (but currently missing from her web site), she announced that she was keeping the bonds in a secret location but was willing to give them to President Bush because they were originally issued by the United States, long, long ago. Alas, the press release does not explain how she "found" them. The Queen also says that there are enough $500 million bonds to fill up an airplane.
One comment on the YouTube page refers to these Federal Reserve Bonds as
"...fakes. Not forgeries. Just plain fakes. You can find a lot of those things in the Philippines. From Yamashita's treasure maps to these so-called war bonds."
Side note: Over the past few decades, there have indeed been many maps floating around, allegedly identifying the location of Yamishita's gold, the legendary horde best described by someone doing an expert imitation of Sidney Greenstreet. Think of it! All the gold looted in Asia during World War II! So much gold that acknowledging it would force authorities to double their estimates of how much gold has existed in all of history! And not just gold but silver and jewels and other valuables!
Author Sterling Seagrave, whom I respect, says that the stolen war loot is or was real. Perhaps -- but that does not mean that the maps are real. Many a wild goose has been stalked.
End side note; back to our story. My internet research has uncovered a few references to "Federal Reserve Bonds" of 1934 vintage being stashed in the Philippines. As far as I can tell, these yarns are pure legend. If you know differently, feel free to educate us all.
(Recall that the queen says that she has enough of these $500 million bonds from 1934 to fill up an airplane. Hm. So what was the U.S. gross national product back in 1934...?)
One thing's for sure: Those Filipinos do love their buried treasure stories.
Are you curious to learn more about Queen Legaspi, possessor (printer?) of the bonds? Looks like she's latest incarnation of JC. (He keeps coming back...and back...) If you want to see her in action, she has a couple of silent videos up, here and here. Lo, it is written:
On this anointment as God's Chosen as Manifested on her saga, these collective of events are being put together as a proof of her events as the Anointed Spirit of God, and The Chosen One. In any of all the places she goes, wherever she was, the Tribal Leaders/ Lumads, Religious Organization Leaders, Islamic or Muslim group, had blessed her and appoint her to be their Queen. This all happened unknowingly what is to come in the future.
Translation: She's a toon. But she's a toon with money and political ambition, or so it would appear. A toon like Moon.
Except for this one video, which was produced by a bizarre Asian religious sect, I have seen no visual evidence that Federal Reserve Bonds exist.
The Federal Reserve Bank of New York, in a 2005 announcement, says that
The Federal Reserve is aware of several scams involving high denomination Federal Reserve notes and bonds, often in denominations of 100 million or 500 million dollars, dating back to the 1930s, usually 1934. In each of these schemes, fraudulent instruments are claimed to be part of a long-lost supply of recently discovered Federal Reserve notes or bonds.
The Federal Reserve has never issued any bonds or notes with coupons attached. The Federal Reserve Bank of New York is not aware of any currency or debt stockpile of large denomination Federal Reserve notes from the 1930s and warns that any institution that pays out on such a claim does so at its own risk.
It should also be noted that the largest denomination of currency ever printed by the Bureau of Engraving and Printing was the $100,000 Series 1934 Gold Certificate featuring the portrait of President Wilson.
Okay, now we're getting somewhere!
The same page offers a warning about Riyadi (a.k.a Saurin), the likely culprit. And this Bloomberg story mentions that the bonds in the Italian cache supposedly date from 1934. (They sure look new in the photo! The ones in the video look aged. That sort of thing can be faked, of course.)
So not only are the bonds captured in Italy a probable hoax, the entire concept of a "Federal Reserve Bond" seems to be a myth. Nevertheless, such bonds did become a topic of discussion recently, within a section of the blogosphere not normally traversed by Cannonfire readers. On Lew Rockwell's site, one Michael Rozeff claims that
Rumor has it that the Federal Reserve is considering selling bonds. The legality is in question. Leaving that aside, why would the Fed do such a thing? If it did, how would such a thing work? What would be its effects?
Rozeff goes on from there, and it's all pretty interesting. But he speaks of the Federal Reserve Bond as a theoretical construct. Such things do not yet exist -- and may never exist, since they are probably not allowed by the law which created the Federal Reserve.
So: What are our options? Can we cobble together a revised theory of the Italian mystery, based on all of this additional information?
1. The Italian news story got it wrong. They used the term "Federal Reserve Bond" incorrectly; the financial instruments are actually bearer bonds.
This theory has one big problem: That damned video! The bonds captured by the Italians look exactly like the bonds pictured in the video, and they are clearly marked "Federal Reserve Bonds." The bonds in the video -- which has a terribly unpersuasive provenance -- are probably fake.
Yet the Italian authorities (according to the German article) lean toward the theory that these bonds are not counterfeit. Not only that: In their first press release, the Italians said that the bonds were virtually indistinguishable from the real thing. How could they make such a claim if Federal Reserve Bonds do not even exist?
2. The bonds are real. Maybe there is such a creature as a Federal Reserve Bond. It's not just a theoretical possibility; they've been around for decades. But they are traded on a very august level, far from the sight of we ordinary mortals. Thus, there is no mention of this type of bond in Wikipedia or on any other "respectable" web site. The Federal Reserve of New York is lying when it claims that such bonds do not exist.
Is that theory possible? If you say "Yes," then perhaps you also think that space lasers destroyed the twin towers.
3. "We got a great big con-job; ain't it a beautiful sight?" Our pals Wilfredo and Joseph decided to put together their own cache of fake financial instruments, probably using the same printing press which "Queen Salvacion A. Legaspi" used. Why? Perhaps their intent was not to negotiate the bonds but to use them to fleece the gullible. There are lots of ways a con artist can cause mischief if he can convince a dupe that he (the conster) has a lot of money.
So why did the Italians say that the bonds are indistinguishable from real?
As noted earlier, under Italian law, the government gets-a to keep-a 40 percent-a da money -- if the bonds are genuine financial instruments.
Maybe Berlusconi somehow got wind of what Wilfredo and Joe-Joe were up to -- hey, SISMI is not entirely useless -- and decided to turn the situation to his advantage. Maybe he decided to put the bonds in a bank and simply credit the money to a government account. (Berlusconi to bank officer: "These bonds are real. You want proof? My pal Vito the leg-breaker will give you proof.") Like magic, fake money becomes genuine coin.
But is such a thing possible? Could Silvio Berlusconi falsely label fake bonds real, stash them in a government bank account, and then start singing the Italian version of "We're in the money"?
Again, it all seems highly unlikely. Of course, Silvio's whole life has been one massive experiment in unlikelihood.
By the way: Our Randroid "friend" Pam Geller feels certain that she knows who the real culprits are: The Norks! (That is, the North Koreans.) She has, of course, zero evidence for this assertion. So far, the evidence tends to point to the Filipino underworld. But if you enjoy baseless accusations, it's "Wham, bam, thank you Pam!"
Please do me a favor and spread word about this post. Although the Italian job has engendered a lot of blogosphere speculation, no other site known to me has put together as much of the story as you'll see here. (Things may be different in a few hours, of course.) Incidentally, a Daily Cheeto diary made mention of this story. That post, along with six comments, has now been pulled. Why? You tell me!
real6
22-07-2009, 08:13 PM
real6
22-07-2009, 08:14 PM
el jefe
22-07-2009, 08:24 PM
What exactly are we looking at here?
real6
22-07-2009, 08:33 PM
Japan 10-year Bonds Decline as Stock Gains Damp Demand for Debt
July 21 (Bloomberg) -- Japanese bonds fell for the first time in a week after a five-day gain in stocks reduced demand for the relative safety of government debt.
Ten-year yields touched the highest level in more than two weeks after Goldman Sachs Group Inc. lifted its forecast for the Standard & Poor’s 500 Index on improving earnings and CIT Group Inc. agreed to a loan to avoid bankruptcy. Demand for bonds weakened before the Ministry of Finance sells 1.1 trillion yen ($11.7 billion) of 20-year securities tomorrow as the government increases debt sales to fund stimulus programs.
“We are seeing better-than-expected earnings reports, which are the trigger for recent optimism,” said Takashi Nishimura, a Tokyo-based analyst at Mitsubishi UFJ Securities Co., a unit of Japan’s largest bank by assets. “There are a lot of negative factors surrounding the JGB market such as the rally in stocks and tomorrow’s 20-year auction.”
The yield on the 1.4 percent bond due June 2019 rose three basis points, or 0.03 percentage point, to 1.35 percent as of 12:57 p.m. in Tokyo at Japan Bond Trading Co., the nation’s largest interdealer debt broker. The price fell 0.265 yen to 100.436 yen. Ten-year yields earlier reached 1.355 percent, matching the highest level since July 2.
Twenty-year yields increased three basis points to 2.06 percent. Bond futures for September delivery declined 0.22 to 138.36 at the Tokyo Stock Exchange.
Stocks, CIT
The Nikkei 225 Stock Average rose 1.4 percent today after the S&P 500 Index yesterday advanced to 951.13, the highest level since November. Goldman Sachs boosted its year-end target for the S&P 500 to 1,060, a 15 percent increase from strategist David Kostin’s projection of 940 on June 30.
CIT is receiving a $3 billion loan, the New York-based firm said. Loan proceeds of $2 billion are available immediately and the rest is expected within 10 days, the company said.
Issuance of Japan’s government debt will probably overwhelm investor demand, according to UBS Securities Japan Ltd., one of the 23 primary dealers. The finance ministry in April said it will boost debt issuance by 15 percent to 130.2 trillion yen this fiscal year started April 1 to help pay for Prime Minister Taro Aso’s economic stimulus packages.
‘Balance Will Collapse’
“The demand and supply balance will collapse into August, applying upward pressure on longer-dated yields,” said Tokyo- based Eiji Dohke, chief strategist at UBS Securities Japan.
The spread, between 20- and 10-year Japanese debt held near the widest since April 2008. The gap was at 71 basis points.
Investors should bet the yield curve will steepen between five- and 10-year notes, Dohke said. The spread widened to 66.5 basis points today, according to data compiled by Bloomberg.
A yield curve is a chart that plots the yields of bonds of the same quality, but different maturities. It steepens when yields on shorter-maturity notes fall, those on longer-dated bonds rise, or both happen simultaneously.
Japan’s previous sale of 20-year government bonds on June 17 drew bids for 3.6 times the amount on offer, compared with a so-called bid-to-cover ratio of 3.52 at the May 26 sale.
Primary dealers, which are required to bid at government debt sales, tend to reduce holdings of bonds in case prices decline before they can pass on the new securities to investors.
To contact the reporter on this story: Yoshiaki Nohara in Tokyo at ynohara1@; Theresa Barraclough in Tokyo at tbarraclough@.
el jefe
23-07-2009, 08:32 AM
What exactly are we looking at here?
In Yen? Japan got $500bil or the UN did?
Translation: Italian » English
LA PERIZIA affidata ai servizi segreti, i due indagati giapponesi spariti prima dell’interrogatorio che si sarebbe dovuto tenere ieri mattina e tornati... Dimensione testo Home - Notizie Como prec succ 2009-07-02 di PAOLA PIOPPI — COMO — LA PERIZIA affidata ai servizi segreti, i due indagati giapponesi spariti prima dell’interrogatorio che si sarebbe dovuto tenere ieri mattina e tornati nel loro Paese, ma anche un indagato italiano, Alessandro Santi, 72 anni di Carimate, iscritto con le stesse ipotesi: falsificazione di monete e introduzione nello Stato di monete falsificate, e parificazione delle carte di pubblico credito alle monete. Santi si sarebbe incontrato con i due giapponesi - Akihiko Yamaguchi, 54 anni e Mitsuyoshi Watanabe, 61 anni - prima che andassero in dogana a inizio giugno e venissero fermati con 259 titoli obbligazionari, vale a dire bond, per un valore di 134 miliardi di dollari americani. Il più grosso sequestro mai effettuato a Como, con un controvalore di 96 miliardi di euro, rispetto al quale si sa pochissimo. I BOND erano nascosti sul fondo di una valigia, in uno scomparto chiuso e separato da quello contenente gli indumenti personali. In tutto 249 bond della Federal Reserve americana, emessi nel 1934, del valore nominale di 500 milioni ciascuno, che secondo i primi accertamenti dovrebbero essere falsi, e 10 Bond Kennedy del valore nominale di un miliardo di dollari ciascuno, emessi nel 1998 e probabilmente autentici. Assieme ai titoli, i due avevano cospicua documentazione bancaria in originale. Tra giovedì e sabato scorsi la Guardia di finanza e i servizi segreti degli Stati Uniti hanno fatto perquisizioni in diversi luoghi della Lombardia, acquisendo telefonini, pc e documentazione varia, non si sa a carico di chi sono state fatte queste perquisizioni, ma è certo che si tratta di società o persone in qualche modo collegate ai tre indagati o ai bond. Resta comunque il fatto che questa vicenda, di cui nessuno vuole parlare, sembra nascondere un giro internazionale di alto livello, legato indiscutibilmente alla finanza: ne sono dimostrazione da un lato la presenza dei servizi segreti statunitensi dall’altro un episodio singolare. Ancora prima che i nomi dei due giapponesi comparissero sui giornali, un sito internet finanziario aveva pubblicato la fotocopia dei loro passaporti, indicando a quali precedenti affari i due si legavano. SEMPRE IN MATERIA di bond falsi, ieri il Tribunale collegiale di Como ha assolto Giuseppe Maffei, ingegnere romano di 68 anni, che a gennaio era stato trovato in possesso di 120 milioni di dollari in titoli di stato americani mentre viaggiava in treno da Lugano a Milano. Si trattava di quattro titoli, due da dieci milioni e due da cinquanta, che i militari della Guardia di finanza avevano trovato in un cestino dell’immondizia di un vagone. L’accusa di introduzione in Italia di titoli falsi è decaduta in quanto emessi da una società privata fallita, e inoltre scaduti da sette anni.
THE EXPERT entrusted with the secret services, the two suspects disappeared first Japanese questioning that was to be held yesterday morning and returned ...
Text Size
Home - News Como
prec succ
2009-07-02
PAOLA PIOPPI of
- COMO --
THE EXPERT entrusted with the secret services, the two suspects disappeared first Japanese questioning that was to be held yesterday morning and returned to their country, but also a suspected Italian, Alessandro Santi, 72 years of Carimate, written with the same assumptions: forgery and the introduction of coins in the State of coins, and equalization of public credit card coins. Saints would have met with the two Japanese - Akihiko Yamaguchi, 54 years and Mitsuyoshi Watanabe, 61 years - before it went to customs to begin in June and were stopped with 259 bonds, ie bonds, worth 134 billion dollars Americans. The biggest seizure ever made in Como, with a value of 96 billion euros, for which we know very little.
BOND I had hidden at the bottom of a suitcase, in a closed compartment and separate from that of the personal clothing. Altogether 249 bond of U.S. Federal Reserve, issued in 1934, the nominal value of 500 million each, which according to the initial investigations should be false, and 10 Kennedy Bond par value of one billion dollars each, issued in 1998 and probably authentic . Along with titles, the two had large bank documents in original. Between Thursday and last Saturday the Guardia di Finanza and the secret services of the United States have done searches in various places in Sydney, acquiring mobile phones, computers and various documents, we do not know against whom they were searching, but it is certain that case of companies or individuals in some way related to the three suspects or bond. The fact remains that this affair, and no one wants to talk, it seems to hide an international tour of high-level finance indisputably linked: they are demonstrating on the one hand the presence of the U.S. Secret Service on the other a singular episode. Even before the names of the two Japanese appear in newspapers, a financial website had published a photocopy of their passports, showing what the two previous affairs is bound.
ALWAYS IN THE MATTER of bond forged, yesterday the Court of Como collegiate acquitted Giuseppe Maffei, a Roman engineer of 68 years, which in January was found in possession of 120 million dollars in debt while Americans were traveling by train from Lugano to Milan . It was four titles, two of ten million and two fifty, that the soldiers of the Guardia di Finanza was found in a trash dell'immondizia a wagon. The charge introduced in Italy false securities fell as issued by a private company failed, and also due for seven years.
real6
23-07-2009, 04:57 PM
What exactly are we looking at here?
Well for starters, the two Japanese men who were arrested, that is their Passports and pictures. ;)
Funny how we only hear about the 2 asian men. But was there a third? ANd was he an american or italian?
This is a quote from someone:
Dear Mr J.
Thank you for your input which is highly respected and appreciated.
As far as we have been made aware, there were only 3 people taken off the Italian train and their baggage searched. Two were definitely Japanese and their identities are known, One was apparently a European or American carrying a Diplomatic Passport.
However, I should point out that information is expectedly vague on these matters at this moment in time whilst further investigations are being undertaken.
Whether a Filipino was accompanying the above persons we have no knowledge on same as yet, but our thanks for bringing this to our attention which we will take into account in due course.
We did actually post [as PDF files] Passport copies of the two Japanese apparently involved. These were posted under
from WHISTLEBLOWER - RESPONSE TO STRIDERUS' POST OF JUNE 15th, re: 2 JAPANESE MEN WITH U.S. BONDS
hobie -- Thursday, 18-Jun-2009 00:11:10
If you care to look at the passport copies, or alternatively sent us a copy of the picture you are referring to when you state they do not look like Japanese, I will investigate and get back to you on it.
As for a scheduled Redemption, unfortunately this is not correct. All these certificates that are referred to in my previous posts and other posts are Debt Obligation Certificates whereby the only party who can redeem that debt is the Nation that issued the Obligation Certificates to secure the debt. As this is America I can not see for many years to come that they will be able to redeem the debt under any circumstances.
As for other matters surrounding the assets, whether certificates or physical assets, you, or your associates are very welcome to contact me at any time and seek confirmation of anything you may have heard, or seek advice of specific matters if there is a need to do so.
In the meantime, thank you once again for your questions
Regards
Whistleblower.
el jefe
23-07-2009, 07:08 PM
Is that communication between you and a new source or? Everyone has always said 2 men were arrested but only until the last few days have I heard of a 3rd person
Japan Today still wont write me back on how they know the US did in fact print bonds of that denomination, but numerous sources are quoting them as stating that
real6
23-07-2009, 07:13 PM
Is that communication between you and a new source or? Everyone has always said 2 men were arrested but only until the last few days have I heard of a 3rd person
Japan Today still wont write me back on how they know the US did in fact print bonds of that denomination, but numerous sources are quoting them as stating that
Same here bro. I sent an email to Japan today and to i forget the Japanese man that commented about the story in thats in Japan. NOTHING!!!
I found some site where a few people in Japan were living found other webistes or know people that were talking about these businessmen and know insiders. I dont know any of these people.
Im just posting what i find. Its our job to spot the bullshit and whats real and see for ourselves, you know :)
But its amazing they did get the 2 mens passport copies.
real6
27-07-2009, 04:23 PM
The only site that is following this so far...
smoke n mirrors
28-07-2009, 12:41 AM
This whole thing stinks big time.
Thanks for the updates real6
tien an
28-07-2009, 04:16 AM
You guys are amazing...especially real6.
What a read...
Just for information's sake: Has anyone ever used the Chiasso border crossing?
If ever there was a 'back door' into Switzerland, this is it.
The only other 'quiet' way that I know of is a rowing-boat across Lago Maggiore ... a la Ernest Hemingway.
Thanks to all of you.
tien an.
real6
28-07-2009, 04:26 AM
You guys are amazing...especially real6.
What a read...
Just for information's sake: Has anyone ever used the Chiasso border crossing?
If ever there was a 'back door' into Switzerland, this is it.
The only other 'quiet' way that I know of is a rowing-boat across Lago Maggiore ... a la Ernest Hemingway.
Thanks to all of you.
tien an.
Thanks Tien :)
Nah, i haven't been to Switz since a kid. But need to go check out Chiasso soon. Maybe i'll find what's really going on mauhahahaha
el jefe
28-07-2009, 08:29 PM
You guys are amazing...especially real6.
What a read...
Just for information's sake: Has anyone ever used the Chiasso border crossing?
If ever there was a 'back door' into Switzerland, this is it.
The only other 'quiet' way that I know of is a rowing-boat across Lago Maggiore ... a la Ernest Hemingway.
Thanks to all of you.
tien an.
You can see the crossing in this vid:
Doesnt look like anything special
blueyonder2012
28-07-2009, 08:55 PM
In Yen? Japan got $500bil or the UN did?
THE EXPERT entrusted with the secret services,
YES, THE EXPERT JUST CONFIRMED IT WAS JUST A BIT OF PAPER LIKE ALL THE REST OF OUR MONOPOLY MONEY!! WORTH NOWT REALLY!!:eek::eek:;);):D:D
:)
real6
28-07-2009, 09:53 PM
The story about the $134.5 billion in bonds found in Italy is adding to that confusion. Perhaps a bit of background information will help clarify the situation somewhat.
First of all people need to realize that there are two sets of books used in global finance: the "official" data put out by government agencies etc. and the secret financial arrangements used between sovereign entities (countries as well as organizations). When members of the British and Japanese royal families first contacted me and started talking about thousands of trillions of dollars, I thought they were bonkers. Officially world GDP is $55 trillion so their numbers seemed impossible.
However, after meeting multiple sources ranging from freemasons, to yakuza, to MI6 to Japanese security police, to CIA etc. I can now confirm there is a secret financial system whose total worth is "quintillions of dollars." I think the numbers got this big as a result of some sort of ridiculous contest to see who had the largest penis among the folk who control the printing presses for dollars and euros etc.
In any case, the bonds found in Italy are connected to a massive operation that took place in the Far East before and during WW2. Part of that involved the Japanese invasion of Manchuria. When the Japanese invaded Manchuria in 1931 the owners of the Federal Reserve Board contacted the Chinese emperor and said "the Japanese are about to steal the treasure you have in Manchuria. How about we take that treasure to the Philippines for safe keeping? In exchange we will give you 70-year US government bonds that you can use to buy stuff from around the world."
The emperor agreed to the deal and the Americans started issuing huge numbers of bonds backed by the emperor's gold. To keep these shenanigans out of the US public eye, they printed the bonds in the Philippines. Some of these bonds are the ones the two Japanese were carrying in Italy.
This whole thing also ties into 911 big time. When the emperor made his deal with the Feds he asked them what would happen when the bonds came due and the Feds refused to pay back the principal. He was told US criminal authorities would take action.
The owners of the Fed thought they would never have to pay back the money because they thought the last emperor died as a gardener in communist China. What they did not realize was that the man in China was a double and that the real emperor escaped to Taiwan. His grandson, the current emperor, is now the dean of a University
(I know his name and what university but to protect him I cannot tell).
The grandson had many other treasures in addition to the one taken to the Philippines and so he sued the Feds using top lawyers. A giant investigation was set up in the US involving the Treasury police, the Naval Office of Investigations, the FBI and Cantor Fitzgerald Securities. When first bonds came due for redemption on September 12, 2001, they were set to move against the Feds.
Well by lucky coincidence on September 11, 2001 "Al CIADA" bombed the Naval Office of Investigations, etc. out of existence and the investigation was temporarily blocked as the US was turned into a fascist dictatorship (if you do not understand this find a copy of the Nazi laws and compare them to the patriot act).
There is now a secret war going on between the royal families who have real treasure (the British, the Chinese, the Thai etc.) and the aristocratic families who own dollar and Euro printing presses. At stake is the future of this planet. The owners of the real treasure want to start a new financial system backed by metals and start a campaign to permanently end war, poverty and environmental destruction. The owners of the money printing presses want to continue their cycle of perpetual war and terror in order to keep control over humanity.
The Japanese arrested in Italy were part of that secret war and they were released immediately and sent on their way with their bonds. There is so much contradictory information from the Italian Treasury Police, MI6 and Japanese military intelligence sources that I cannot say whose side these guys were on. I am just glad the astronomical numbers released to the corporate media created congnitive dissonance among the still brainwashed.
gilly
28-07-2009, 10:10 PM
Many thanks for the posts contributed to this thread. :)
I have to admit that when posting the OP, I was a bit at a loss as to how to make sense of it.
Sneaky sods though, aren't they! :mad:
real6
28-07-2009, 10:17 PM
Many thanks for the posts contributed to this thread. :)
I have to admit that when posting the OP, I was a bit at a loss as to how to make sense of it.
Sneaky sods though, aren't they! :mad:
Anytime. It's funny how these two men that got caught have done it before a few years ago in the Japanese Series 57 Bond scam...
el jefe
28-07-2009, 10:46 PM
In any case, the bonds found in Italy are connected to a massive operation that took place in the Far East before and during WW2. Part of that involved the Japanese invasion of Manchuria. When the Japanese invaded Manchuria in 1931 the owners of the Federal Reserve Board contacted the Chinese emperor and said "the Japanese are about to steal the treasure you have in Manchuria. How about we take that treasure to the Philippines for safe keeping? In exchange we will give you 70-year US government bonds that you can use to buy stuff from around the world."
The emperor agreed to the deal and the Americans started issuing huge numbers of bonds backed by the emperor's gold. To keep these shenanigans out of the US public eye, they printed the bonds in the Philippines. Some of these bonds are the ones the two Japanese were carrying in Italy.
Woh, just found that same article from June, 25:
It's funny how these two men that got caught have done it before a few years ago in the Japanese Series 57 Bond scam...
Link? All those scanned images you posted on the last page or two, are those from this incident or from the Japanese Series 57 Bond scam?
real6
28-07-2009, 11:09 PM
Woh, just found that same article from June, 25:
Crazy, right?
Link? All those scanned images you posted on the last page or two, are those from this incident or from the Japanese Series 57 Bond scam?
Well where i got it from it did not say but it did say these are the men. And in various newspaper articles they say these his name. But these photos are from 2004 when they got caught.
real6
28-07-2009, 11:13 PM
Also, check the comments on this website. Some interesting comments...
The real name of Tuneo Yamauchi is “Akihiko Yamaguchi”
from WHISTLEBLOWER - RESPONSE TO STRIDERUS' POST OF JUNE 15th, re: 2 JAPANESE MEN WITH U.S. BONDS
Posted By: hobie
Date: Thursday, 18-Jun-2009 00:11:10
From Whistleblower - 6 PDF files of documentation accompany this post - look for links at the end in order to view that documentation:
=====
Dear Hobie,
I refer to
the section of a posted by Striderus on June 15th as follows:-
=====
>
I think every one interested in this story needs to see this information I recieved found no where else but here at RMN
Posted By: Striderus Send E-Mail
Date: Monday, 15-Jun-2009 21:39:14
In Response To: B. Fulford's
updated arrests involving ' citizens arrested in Italy last week carrying bonds worth $134 billion ' (Striderus)
".... the name of the gentleman is akihiko yamaguchi he is a representative of the dragon family in japan - the bonds are registered with the fed under fed code; draggon family, very old story ...................... and very delicate ...."
I find this especially interesting considering what he is involved in in business ...
And also considering Maat's post.
Striderus
=====
If I may respond, with publication, relative to the highlighted area of Striderus’s article.
Akihiko Yamaguchi was a top official at the Japanese Ministry of Finance, and the signatory for the Dragon Funds under the authority of the Ministry of Finance / Minister.
Yamaguchi was also responsible for the unauthorized and illegal issuance of the Japanese 57 Series Bonds which were issued using the Dragon Funds as Collateral. Yamaguchi was subsequently arrested and incarcerated for Fraud.
Obviously he is now out of prison and up to his old tricks. Some people never learn do they.
However, the fact that neither he or his Japanese accomplice were actually arrested or charged by the Italian Authorities, when they are undoubtedly and blatantly breaking Italian Law relevant to the carrying of cash / securities across borders, and International Law whereby they were in possession of stolen property (The UST Historic Bonds 1933/34 = $134 billion USD) whereby the intent was to commit fraud and criminal / fraudulent deception by virtue of the possible illegal use of the Stolen Property; is in my opinion evidence that there is something more than just strange about the whole issue surrounding the $134 bill UST Bonds and the actual people involved.
Perhaps the notion of Yamaguchi being connected to the CIA and covert operations has quite a lot of foundation.
I also hasten to add that the other Japanese person in Italy with Yamaguchi may have been Mr Mitsuyoshi Watanabe (Yamaguchi’s accomplice in the Japanese Series 57 Bond scam)
For those interested I attach in Adobe .pdf format, copies of Yamaguchi’s Passport and details of the illegally issued Japanese 57 Series Bonds, plus copies of the Passports of all other known persons involved with this illegal issuance matter, which I gained when investigating this same.
(Please Note: As this subject matter is directly related to the Japanese Government and its Ministry of Finance, specific documents contain a “Top Secret” stamp / seal. Readers should note that under Japanese Law and US Law (together with similar laws of other Nations), it is illegal to publish such documents.
Readers should also note that International Treaty Law and International Law, where relevant to the Combined International Collateral Accounts, takes precedence over National Laws, whereby National Laws become subservient and as such are irrelevant.
However, so as to avoid any form of reproach, embarrassment, conflict, legal actions, or otherwise, that may be inflicted, undertaken, brought upon, enacted, or otherwise, against , or any other community Web Site, together with Owners, Administrators, adjudicators, or similar, such documents containing “Top Secret”, “Secret” or similar official descriptive wording, will not be published and will therefore restrict the public from viewing or obtaining full details of this specific illegal transaction.
We do apologize for this, but we point out that we also care and are considerate towards any person, persons, or party who willingly agree to publication of such matters, whereby the consequences of same may have an adverse effect on such person, persons, and parties, whereby the fullest possible protection from any adverse effects or consequences are paramount in our minds and within our own acts or actions).
I can also state that ABN-amro bank in Holland were partly involved in this fraud as they issued a “Proof of Funds” to an Egyptian (Ibrahim Ghonaim) who had gained possession of one of the Series 57 Bonds.
These Bonds, or Series, issued under requisite Authority from the International Treasury Controller, through the Japanese Ministry of Finance are in fact, and strictly, Government to Government Bonds only.
Needless to say, and I hate repeating myself, but the Dragon Funds are actually part of the Collateral Accounts of the Global Debt Facility, whereby The Japanese Ministry of Finance / Government are just Custodians of the numerous Accounts held in Japan, and whom hold no authority, without of course the requisite permission of the International Treasury Controller, to issue, or authorize issuance of any Bonds, Notes, Certificates or otherwise against the Dragon Fund Accounts.
Please refer to the attachments, which should be displayed with my response whereby I hope you can insert them within, or below, my response. Unfortunately I only have these in .pdf format.
Regards
Whistleblower.
Attachments:
A5721-DragonBond.pdf
[Two Top Secret documents omitted]
Passport-Ghonaim.pdf
Passport-Watanabe.pdf
Passport-Xavier.pdf
Passport-Yamaguchi.pdf
Xapier-POA.pdf
(Thanks, J. :)
Reader J. writes:
************************************************** *************************
Re: from WHISTLEBLOWER - RESPONSE TO STRIDERUS....
If the two person caught with the bonds is a filipino i think someone is connected to them. They doesn't look to be Japanese maybe a Japanese citizen i know that there are thousands of those are here in Mindanao and i know one of the holder and someone said that there will be a scheduled redemption program soon starting from Europe, China and The Philippines.
************************************************** *************************
IN RESPONCE:
Dear Mr J.
Thank you for your input which is highly respected and appreciated.
As far as we have been made aware, there were only 3 people taken off the Italian train and their baggage searched. Two were definitely Japanese and their identities are known, One was apparently a European or American carrying a Diplomatic Passport.
However, I should point out that information is expectedly vague on these matters at this moment in time whilst further investigations are being undertaken.
Whether a Filipino was accompanying the above persons we have no knowledge on same as yet, but our thanks for bringing this to our attention which we will take into account in due course.
We did actually post [as PDF files] Passport copies of the two Japanese apparently involved. These were posted under
from WHISTLEBLOWER - RESPONSE TO STRIDERUS' POST OF JUNE 15th, re: 2 JAPANESE MEN WITH U.S. BONDS
hobie -- Thursday, 18-Jun-2009 00:11:10
If you care to look at the passport copies, or alternatively sent us a copy of the picture you are referring to when you state they do not look like Japanese, I will investigate and get back to you on it.
As for a scheduled Redemption, unfortunately this is not correct. All these certificates that are referred to in my previous posts and other posts are Debt Obligation Certificates whereby the only party who can redeem that debt is the Nation that issued the Obligation Certificates to secure the debt. As this is America I can not see for many years to come that they will be able to redeem the debt under any circumstances.
As for other matters surrounding the assets, whether certificates or physical assets, you, or your associates are very welcome to contact me at any time and seek confirmation of anything you may have heard, or seek advice of specific matters if there is a need to do so.
In the meantime, thank you once again for your questions
Regards
Whistleblower.
(Thanks, SG :)
Reader SG writes:
************************************************** *************************
Re: from WHISTLEBLOWER - RESPONSE TO STRIDERUS....
I sent this post to a friend and this was friend's comment:
Whistleblower:
Please evidence the existence of a bona fide "International Treasury Controller" and the "Combined international collateral accounts of the Global Debt Facility"?
And while you're doing so perhaps you could likewise evidence the supposed beneficiaries of this wonderful facility namely "Nations of the World" a fantastically girthsome and generic term that, so far as I can ascertain, has no actual reality outside of a Walt Disney Studio. Perhaps it is so hush-hush that mere mortals aren't allowed a glimpse behind the (grifters) curtain?
I ask only because I want to know which nations of the world agreed to the post of an " International Treasury Controller" back in 1933/34-ish?
Did, for example, Hitler's Germany agree with Roosevelt's America to do this? Did Ramsey MacDonald"s Britain agree with Benito Mussollini"s Italy to join the team as partners? Or are we talking of "Injun" nations of the world--- or the Dominion of Mechizedek's nations of the world or Walt Disney Studio"s make-up artists nations of the world?
************************************************** *************************
IN RESPONCE:
Dear Hobie,
In response to the questions put forward by Reader SG:
Dear Sir,
We have experienced questions of this nature before and I have to say that we have absolutely no reason to justify or defend ourselves against such questions.
Such questions generally have three sources:-
a). Individuals or professionals who do not carry the applicable status or clearance level to access the data records of the OITC, the relevant International Treaties, or all documented decisions made by the Nations of the World.
b). Misinformation or sabotage agents whose main purpose is to discredit and destroy, and whom usually work for specific governments or government agencies.
c). Those who genuinely want to either contact the OITC or find out more, but get frustrated in their efforts to locate relevant information, and then claim that if they can’t find it, then it doesn’t exist.
Sir, you have obviously not read either the content of our web site ( ), nor viewed the Video Presentation – General information, because if you had then you will clearly notice and hopefully understand that only Kings, Queens, Presidents, Prime Ministers, or in certain cases under special dispensation, a Minister of Finance or Minister of Foreign Affairs, can seek verification of the OITC using and strictly applying specific procedures and protocols.
We do publish whatever information we possibly can to enlighten people, but sometimes that is not enough and can be damaging to a slight degree.
This is not of our making but that of the Nations of the World at the time and although we are making the appropriate efforts by seeking the necessary changes, unfortunately the wheels of International bureaucracy turn very slow indeed.
The fact that you are making insinuations and scepticisms of a discrediting nature tells me a lot about you, whereby I have no need to justify our existence to you at all. What you believe is your prerogative, but do not try to impose your own distorted opinions on others via a respected community Web Site, especially if you do not hold the status or capacity to seek proper formal and official verification of the OITC.
Sir, have you ever looked at the other side of the coin and wondered, or even questioned as to why this has been held secret ever since inception, 1920, 1945 to date. If not, perhaps you should. Maybe you should also read some of the postings on RMN by other respectable persons such as Watcher 51445, Rayelan and many others, as these are all relevant to the subject matter and / or the Collateral Accounts in one way or another and actually are all relevant to the very same financial system which you are claiming to be, quote “are we talking of "Injun" nations of the world--- or the Dominion of Mechizedek's nations of the world or Walt Disney Studio"s make-up artists nations of the world?”.
What you do not know, and probably never will, is that there are several Sovereign Nation Presidents and Prime Ministers who are fully aware of who we are and have been dealing with us over a period of time. Unfortunately, we are not allowed to breach confidentiality and will only reveal the names of those persons / countries if and when they give their written permission.
I should also point out some additional facts to you and other readers:-
a). It was the Collateral Accounts (GDF) that under-pinned the US Dollar until 1971 when the Gold Standard was removed by President Nixon.
b). It is the Collateral Accounts (GDF) that underwrite the Federal Reserve System (Not the actual Federal Reserve) which is also operational in Europe. There is a special account for this, which is Fedsystem Account No. 8543418(8)
c). It is the Gold of the Collateral Accounts (GDF) supporting the IMF, some 3,400 + MT of gold that actually belongs to the Collateral Accounts.
d). It is the Collateral Accounts (GDF) that also have a special account for the United States Senate (U.S. Senate Account No. 9845270019) which the Senate can draw against to cover specific costs incurred relative to work undertaken by the Senate regarding the Collateral Accounts (GDF).
e). Files on H.E. The Chairman and the OITC are Secured by U.S. Congress under 3rd Level to the 5th Level Rules, with Appointment and Protective reaffirmed by the United States Senate under the Great Seal of America No: 632-258894. The US Congressional Committee holding the file and who are responsible is Chaired by a very well known long established US Congressman.
I could go on and on, but there doesn’t seem to be much point based upon your own negative attitude.
Proof is there if you seek it from its lower realms, but perhaps Sir you do not want to know the truth. Whatever the reason for you not wanting to know the truth, please realize that others do, and certainly several parts of the US Government already do as they are financed by the Collateral Accounts (GDF) and hold official documentation / information of H.E. The Chairman and the OITC.
You see Sir, the world is not as you imagine or want it to be. Just because you demand answers and imply negative factors if you do not get the answers, doesn’t mean to say that the world has to listen to you or kneel to your every command. Far from it.
Governments are equally secretive to the people (That’s why they get away with many things including corruption etc.). What you see publicly and what really goes on beneath the scenes are two totally different things, but do you Sir, ever question same with a similar vengeance. No, I very much doubt it, because you will believe what you want to believe no matter what truth is placed before you.
On that, enough said as your statement says it all, quote “Perhaps it is so hush-hush that mere mortals aren't allowed a glimpse behind the (grifters) curtain?”. I would use the words “Top Secret” or “Secret” instead of “hush – hush” as being more applicable. Please be assured however that we are as transparent and open as we possibly can be, or allowed to be at this moment in time.
Please Note: The OITC Web Site now has a Question and Answers section ( ) if you prefer to use this as an alternative. However, without turning RMN into a “Discussion Board” we do like to be open and transparent so posting at RMN is acceptable to us as it enables others to learn about the facts and truth.
Regards
Whistleblower
There are the links...
el jefe
28-07-2009, 11:17 PM
Well where i got it from it did not say but it did say these are the men. And in various newspaper articles they say these his name. But these photos are from 2004 when they got caught.
What happened in 2004?
el jefe
28-07-2009, 11:23 PM
Check out this discussion:
real6
28-07-2009, 11:48 PM
What happened in 2004?
I posted it a few pages back in this thread.
Check out this discussion:
Interesting:
Post subject: Japanese bonds from the 1930s
Location: Nei Hu District, Taipei, Taiwan
Does anyone have information on the continuing arguments over the redemption of "Japanese bonds" which were sold in Taiwan in the 1930's and perhaps 1940's?
There was some newspaper coverage on this in the Chinese language press in the last few weeks, but I didn't see corresponding coverage in the English language press here in Taiwan. (Maybe I missed something ..... )
Apparently the Taiwanese people were compelled to buy large quantities of Japanese bonds in the 1930's to prop up the financial solvency of the Japanese government as a result of some some natural disasters which occurred in Japan in that era. Later, one supposes that similar Japanese bonds might have been issued in connection with the military adventures of the Japanese war machine which began (arguably) in 1937 and really got into earnest after the attack on Pearl Harbor on Dec. 7, 1941.
Apparently, from what I have been able to understand, the argument of the Taiwanese people still holding these bonds in the present era involves their redemption. The Japanese government refuses to redeem them, hence the Taiwanese people feel that they were cheated.
(Those Taiwanese who have gotten tired of arguing have simply used these Japanese bonds as wall paper in their homes or outhouses ..... ) It is a sad situation.
I am interested in finding some comprehensive English language reportage or analysis of this topic.
Those are German Reichsmark bonds ("Reichsbanknote"): SMH Snapshots - November 21, 2007. Didn't find a related article there.
The bonds were paid by Germany as reparation to the allies after WWI; looks like the Japanase government found an easy way to turn them into cash by forcing them onto the Taiwanese and now doesn't want to buy them back anymore.
This article (in German) is from 2000 and says there was already a demonstration back then, it's estimated there are at least 1.9 million of those bonds in Taiwan and worth around 6 billion US$ [in 2000].
Doubtful that anyone would still change those, otherwise I will insist to trade in my (inherited) stamp collection that includes several stamps denominated in double or tripple digit million Reichsmark. :D
Post subject: Re: Japanese bonds from the 1930's
PostPosted: Mon, 10 Dec 2007 21:43
Offline
Bird Walker
Bird Walker
Joined: Thu, 29 Aug 2002 15:42
Posts: 1420
Hartzell wrote:
(Those Taiwanese who have gotten tired of arguing have simply used these Japanese bonds as wall paper in their homes or outhouses ..... ) It is a sad situation.
.[/color]
My uncle collects antique bank notes, a couple of those would be good as a Xmas present. Got an address where I can bring the wall paper scrapper to and get busying scrapping :D
I don't know much about those bonds, but the latest Stearling Seagraves' Book Gold Warriors makes some remarkable claims about bond practices in Japan, especially the so called forged 57's. I remembered the story of those bonds in the 80's when I was living in Japan and his book gives an excellent account of their history and how the Finance Ministry duped people out of billions.
Fox wrote:
I don't know much about those bonds, but the latest Stearling Seagraves' Book Gold Warriors makes some remarkable claims about bond practices in Japan, especially the so called forged 57's. I remembered the story of those bonds in the 80's when I was living in Japan and his book gives an excellent account of their history and how the Finance Ministry duped people out of billions.
During approximately what years were these bonds issued?
What was the time-table for redemption?
For those interested in what these bonds looked like, here are some samples:
Above is a bond issued in Dec 1941 as indicated on the left hand side of the bond (kanji: 昭和十六年十二月). The face value of the bond was Gold Fifteen Yen (kanji: 金拾五圓) but was sold at a discount for Gold Ten Yen (kanji: 割引賣出價格金拾圓; Lit: discount sale price gold ten yen). Note the word "gold", indicating that the value of this bond is backed by real gold. The title of the bond says "Savings Bond" 貯蓄債劵. The round chop on the right hand side says 支那 事変, or literally, "China (pejorative)" and "incident".
Above is a bond issued in April 1942 as indicated on the left hand side of the bond (kanji: 昭和十七年四月). The face value of the bond was Gold Seven and a Half Yen but was sold at a discount for Gold Five Yen. Unlike the previous bond, this one has the title "Wartime Savings Bond" 戰時貯蓄債劵. The round chop on the right hand side also says 大東亞戰爭 or Great East Asian War.
Above is a bond issued in December 1942 as indicated on the left hand side of the bond (kanji: 昭和十七年十二月). The face value of the bond was Gold Ten Yen and there was no discount. The title says "Wartime Recompense Nation Bond" 戰時報國債劵, which is like a patriot bond where you were buying a bond without a discount but it was for the good of the nation during wartime. Recompense Nation (報國) is also written on the right hand side of the bond. The rectangular chop says 大東亞戰爭第一周年記念, or the First Anniversary of the Great East Asian War.
Quote:
During approximately what years were these bonds issued?
What was the time-table for redemption?
Well I'm pretty sure they aren't related to the bonds you saw on TV, but their story is a fascinating one all the same and very insightful into Japanese politics and financial scams.
The story starts in the Second World War when a character named Tanaka (of Lockheed bribery scandal infamy that led to US legislation against international bribery [one of the few countries in the world that has such a law I believe]) married a rich divorcee and there by inherited her father’s construction company. He used his new found wealth to become a war time profiteer. After the war he began contributing to the LDP which bought him a seat in the Diet. When Kishi was Prime Minister in 1957 Tanaka bribed him with 3 million yen in cash to get his first cabinet position (Tanaka's own boast). Kishi put Tanaka in charge of the Ministry of Finance which gave Tanaka control over the postal system (that included the national bank). Almost everyone in Japan saves with the postal system even today. It also put Tanaka in charge of the M-Fund (this is the focus of Seagraves' Book. The M-fund is supposedly comprised of war loot stolen by the Japanese, discovered by the Americans and partially returned to the Japanese as the M-Fund for rebuilding Japan post war. It is a secret fund because Japan was officially bankrupt after the war. That's why there has been no recompense for victims of Japanese war atrocities. The trail of this money is pretty complicated and makes the book well worth reading. The Fund is worth literally billions and underpins the financial security of some of the world's biggest banks including Citi, Chase Manhattan and HSBC, but these are Seagrave facts, which means they are probably true but you'll never know for certain). Anyway Tanaka as head of the Finance Ministry was in charge of funding public works which put him in the position of raiding the public purse including postal savings and access to the M-fund. In his role he issued bonds to some of Japan's richest people. They paid him with their own money or he used money from the M-Fund to purchase the bonds. The face value of which were in the 50 to 250 million US dollar range (1960s). The purpose of issuing the bonds was to allow for the parking of illicit funds by his cronies in legitimate government bonds. In other words it was a giant money laundering scheme. Interest paid on the bonds or profits at maturity were to be paid directly to Tanaka.
Tanaka went on to become Japan's Prime Minister but he fell fowl of his enemies who began to expose his corruption so he had to resign after only a little while as Prime Minister but he continued on in the background as a King maker for the LDP. That was when he became involve in the Lockheed scandal. He apparently received 2 million US dollars in a kick back scandal not dissimilar to the Layfayette scandal on Taiwan. The bribe was paid by the CIA through Kodama the infamous Japanese yakuza godfather who essentially got the LDP started. He had very strong contacts with Chiang Kai Sheik apparently. Funnily, in his defense Tanaka claimed the bribe was so minimal he didn't notice he'd been paid it. You have to love the arrogance of some of these Japanese characters.
After Tanaka's trial his cronies began to desert him, unfortunately for him and later for them Tanaka feared that in deserting him they might want to redeem their bonds. This was in the late 70's or early 80's. If they wanted to get their money back there was no money in the sinking fund (governments have sinking funds to cover bond issues). It would of meant the collapse of the LDP. Tanaka came up with another scam to protect himself and the party. Because the most likely types to want to redeem their bonds were not hardcore cronies but perimeter types he rolled over all the bonds into a new financial instrument called Certificates of Redemption. These were more or less IOUs. They were called 57's because they were issued in the 57th year of Hirohito's reign. Anyone who didn't like the idea faced assisted suicide. In fact, some of those who already new too much about the issuing process of the bonds were helped along the road to Shangri la, such as Prime Minister Takeshita's personal assistant, who was found with his wrists, legs and neck slashed hanging by his tie from a curtain rod.
Later the Ministry of Finance simply declared all 57's to be forgeries. They then (80s) conducted back door negotiations with holders in a selective redemption scheme.
I highly recommend Seagrave's book for all the dirt.
_________________
"When liberty comes with hands dabbled in blood it is hard to shake hands with her." Wilde
"I don't know where the sun beams end and the star light begins. It's all a mystery." Flaming Lips
redbubble
real6
28-07-2009, 11:54 PM
Sterling Seagrave is author of The Soong Dynasty, The Marcos Dynasty, Gold Warriors and numerous other books which address unofficial and clandestine aspects of 20th Century political history of the countries in the Far East region.
Seagrave grew up on the China-Burma border, the fifth generation of an American family living in the Orient for nearly two centuries (his father was Dr. Gordon Seagrave, author of Burma Surgeon). As an investigative journalist in Asia, he contributed to many major newspapers and magazines. His other books include The Yamato Dynasty: The Secret History of Japan's Imperial Family, Opération Lys d'or (Operation Golden Lily in English), Yellow Rain: A Journey Through the Terror of Chemical Warfare, and Dragon Lady. He and his wife and collaborator, Peggy Sawyer Seagrave, live in Europe.
In its review of Gold Warriors: America's Secret Recovery of Yamashita's Gold, which dealt with allegations that post World War II the CIA had misappropriated billions of dollars of Japanese war loot, [1] BBC History Magazine noted that whilst "numerous gaps remain.... this is an important story, with far-reaching implications, that deserves to receive further attention".
Here is the book:
Or other books:
The Seagraves, bestselling authors (Lords of the Rim, etc.), contend that Japan systematically looted the entire continent of Asia during WWII, seizing billions in precious metals, gems and artworks. Further, according to the authors, from war's end to the present, the looted treasure, used by President Truman to create a secret slush fund to fight communism, has had a malignant effect on American and Asian politics. The Seagraves assert that the Japanese imperial family, along with Ferdinand Marcos, every American president from Harry Truman to George W. Bush, and numerous sinister figures on the American hard right have been tainted and in many cases utterly corrupted by the loot. Postwar efforts to recover and exploit the treasure, according to the Seagraves, involved murders, dishonest deals and cover-ups. Readers who want to examine the full range of sources for this controversial account are referred in the book to the authors' Web site, where two CDs containing "more than 900 megabytes" of supporting documentation are available. But a paradox affecting conspiracy histories such as this one is the authors' frequent insistence that the malefactors have suppressed relevant evidence. Conceptual difficulties of this sort make it impossible for the lay reader to judge this book's credibility, even while one is swept up in the high-intensity story the Seagraves tell. FYI: The authors claim that in consequence of their revealing the existence of the slush fund and its resulting "global network of corruption," they have received "veiled death threats."
Announcing they might be murdered for writing this book, the Seagraves proceed to tell an involved story about Japanese plunder from World War II that, never returned to its rightful owners, underwrites political slush funds and other financial legerdemain conducted by American and Japanese power brokers. According to the cognoscenti, some of the boodle is called the M-Fund, after the initial of a Douglas MacArthur crony who set it up; the gold behind it, in turn, was secreted in the Philippines under the supervision of the imperial Japanese family. The Seagraves, reputable authors of East Asian histories, advance considerable sourcing for their claims, some of which, however, rely precariously on the word of single individuals, while others are anonymous. It is, therefore, a challenge for the reader to decide what's true here, such as the authors' explosive assertion that Richard Nixon exchanged a political promise (returning Okinawa to Japan) for money from the M-Fund. In any event, the Seagraves' tale of treasure hunting, war crimes, and skulduggery will prompt some head scratching.
FTR #428 Gold Warriors: An Interview with Peggy Seagrave
REALAUDIO:
Following directly and supplementing FTR#’s 426, 427, this interview with Peggy Seagrave highlights many of the key points of discussion in the remarkable new book authored by Peggy and her husband Sterling–Gold Warriors: America’s Secret Recovery of Yamashita’s Gold. (The Seagraves authored The Yamato Dynasty, which was the focal point of FTR#’s 426, 427.) Centered on the pivotally important (but little known) “Golden Lily” operation executed by the Japanese prior to and during World War II, this program sets forth the role played by this war loot in the postwar world. In addition to providing much of the foundation for the postwar Japanese economy (the world’s second largest), the plunder secreted by Japan in the Philippines provided a vast financial reserve that was used to finance US intelligence operations during the Cold War. Moreover, this vast pool of clandestine wealth was the source for a number of overlapping funds used to fix elections in a number of countries, control the Japanese political establishment in the postwar period and buttress major financial institutions around the world. In addition, this “black gold” was partially recovered by the late Philippines dictator Ferdinand Marcos, who utilized the loot to finance his regime and to manipulate both Japan and the United States. The corrupting influence of this vast pool of wealth continues to be felt around the world.
Program Highlights Include: The role of the Japanese underworld in that nation’s military and corporate imperialism; the rehabilitation of key Japanese war criminals, who served as kingmakers in the postwar “reformed,” “democratic” Japan; the secret provision at the 1944 Breton Woods conference to use Axis plunder to finance anti-Communist operations; the roles of Secretary of War Henry Stimson’s proteges John J. McCloy, Robert Lovett and Robert B. Anderson in administering the postwar disbursement of the Golden Lily assets; the recovery of the Golden Lily caches in the Philippines by OSS (and later CIA) officer Severino Diaz Garcia Santa Romana; CIA General Edward Lansdale’s partnership with Santa Romana in the manipulation of the Golden Lily loot; the marriage of the Golden Lily plunder with Nazi gold in order to form the pivotal Black Eagle Trust; then Vice-President Richard Nixon’s collusion with the Japanese to fix the US Presidential election; the role of the “M-Fund” in the corruption of postwar Japan and the perpetuation of Japanese oligarchy; the use of Golden Lily loot to finance right-wing militias in the United States; the role of the Black Eagle Trust in manipulating international currency standards; the apparent role of acting NYSE head John Reed in secreting away Golden Lily gold accounts for Citibank; the deliberate frustration of reparations lawsuits by former POW’s against Japanese corporations; US State Department officials’ professional connections to corporations that were defendants in those lawsuits.
1. (Note: the entire program is based on the book Gold Warriors. Although some text excerpts are presented here, the usual complete footnoting process is omitted for obvious reasons. Readers are emphatically encouraged to obtain and read the book. Be sure to visit the web site.) Beginning with discussion of the structure of Japanese imperialism in the 20th century, the program sets forth the profound operational relationship of Japan’s major corporations, its underworld syndicates and the Patriotic societies. The zaibatsu-the giant Japanese family trusts that dominate that nation’s economy use both the yakuza-the deadly Japanese criminal organizations-and the Patriotic societies (such as the Black Dragon and Black Ocean societies) as cooperative agents in the process of conquest and economic plunder. In this regard, Japan’s military functioned in seamless coordination with these entities (as well as the Emperor and his family) as partners in the conquest, brutalization and looting of Asia prior to, and during World War II. (For more on the zaibatsu, see Miscellaneous Archive Show-available from Spitfire-as well as FTR#’s 290, 426, 427. For more about the Patriotic Societies, see FTR#’s 291, 296, as well as RFA#7-available from Spitfire.)
2. One of the principal elements of discussion concerns the role of Princes Takeda and Chichibu in stashing vast amounts of looted in wealth in the Philippines, for eventual recovery and use on behalf of Japan’s postwar economic recovery. (See FTR#’s 290, 427.)
3. Supplementing the focal point of FTR#426, the program sets forth the deliberate subversion of Japanese reform by General Douglas MacArthur and his staff, acting on behalf of political and economic interests that sought a preservation of the status quo. In order to maintain the Japanese business and political infrastructure, the Emperor and the royal family were absolved of war guilt and notorious war criminals such as Nobosuke Kishi, Yoshio Kodama and Royichi Sasakawa were rehabilitated. Kishi, Kodama and Sasakawa became key movers on the postwar Japanese political stage. (For more about Kodama and Sasakawa, see FTR#’s 291, 296, as well as RFA#7-available from Spitfire.) Another of the significant players for Japan during the war-Kakuei Tanaka-evolved into one of the major controllers of the postwar clandestine monies, the “M” Fund in particular. (For more about the M-Fund, see FTR#290.)
4. One of the more important postwar US intelligence operatives was a former OSS and CIA agent Severino Diaz Garcia Santa Romana-nicknamed “Santy.” The discoverer of much of the gold hidden in the Philippines by Prince Chichibu and General Yamashita under “Golden Lily” (see FTR#427), Santa Romana worked with General Edward Lansdale to secret the gold into foreign bank accounts. There, it was subsequently utilized for a number of purposes, in particular the financing of postwar US intelligence operations. As Ms. Seagrave explains, a pivotal event in the recovery of the Philippines Golden Lily caches was the torture of General Yamashita’s driver, who eventually yielded the whereabouts of the repositories.
5. At the epicenter of the events set forth in Gold Warriors, a vast engine of clandestine wealth known as the Black Eagle Trust grew from the synthesis of the Santa Romana recoveries with Nazi loot recovered at the close of the war in Europe. Named for the black eagle imprinted on ingots of Nazi gold bullion, the Black Eagle Trust was the outgrowth of planning engaged in at the Bretton Woods conference in 1944. (Bretton Woods laid the groundwork for the postwar international economy.) Stemming from planning by the influential Secretary of War Henry Stimson and his power-elite proteges John J. McCloy, Robert Lovett and Robert B. Anderson, the Black Eagle Trust was used to finance US covert intelligence operations throughout the Cold War. Black Eagle gold was used to fix elections in many countries and to provide an underpinning for many of the world’s most important financial institutions. In addition, other (related) funds had much to do with the behind-the-scenes maneuvering on the Japanese, Philippine and U.S. political stages.
6. Next, the program focuses on the decisive role of Golden Lily loot and other “black” (clandestine) monies played in the affairs of postwar Japan. The most important of these funds was the “M-Fund,” deriving its name from General William Frederic Marquat, a key MacArthur aide involved with the administration of Japan’s postwar economy. As discussed above, that economy was entirely derivative from the institutions of Imperial Japan. (The M-Fund is discussed in FTR#290.) Initially administered by the U.S., the M-Fund was disbursed in conjunction with resurrected Japanese war criminals and profiteers, such as Msrs. Kishi, Kodama and Tanaka. Eventually, then Vice-President Richard Nixon effected the transfer of control of the M-Fund back to the Japanese, in exchange for kickbacks from this multi-billion dollar fund to Nixon’s campaign to win the presidency. After becoming Prime Minister, Tanaka used the vast wealth of the M-Fund to systematically manipulate the political topography of Japan. A central vehicle for this control was the issuance of bonds, such as the “57’s”, named for the year of Emperor Hirohito’s reign. These certificates could be redeemed or deemed “counterfeit” at the discretion of the controllers of the fund-a deliberate caprice that was used to devastating, Machiavellian effect. Among those ruined by the “57’s” was former Deputy Attorney General Norbert Schlei (see FTR#290.)
7. “A related legal battle was that of former U.S. Deputy Attorney General Norbert Schlei, who had to fight for his survival after being stung by the U.S. Treasury Department for asking too many questions about Japan’s secret M-Fund. While Schlei was indicted, prosecuted, bankrupted, and professionally ruined for trying to negotiate a financial certificate based on the M-Fund, former Secretary of State Alexander Haig-according to eyewitnesses-went to Japan and negotiated a similar certificate successfully, with the help of a personal letter from President George H.W. Bush. Why one man succeeded while the other was destroyed is a chilling story of financial collusion between Washington and Tokyo.” (Gold Warriors-America’s Secret Recovery of Yamashita’s Gold; by Sterling Seagrave and Peggy Seagrave; Verso [HC]; Copyright 2003 by Sterling Seagrave and Peggy Seagrave; ISBN 1-85984-542-8; p. 9.)
8. In addition to the M-Fund, the related Yotsuya and Keenan Funds were employed by the MacArthur group, Landsdale and their Japanese allies to manipulate Japanese and Asian affairs in a cynical (and often bloody) fashion. Administered by MacArthur’s fascist intelligence chief General Charles Willoughby, the Yotsuya Fund was used in conjunction with the Japanese criminal syndicates to efffect some of the more gruesome machinations of the early Cold War period in Japan. (For more about Willoughby, see-among other programs-RFA#’s 10, 11, 15, 37-available from Spitfire, as well as FTR#’s 54, 120.) “General Willoughby, MacArthur’s ‘lovable fascist’ and head of G-2 at SCAP, controlled the Yotsuya Fund and worked energetically with Kodama and his legions of yakuza to suppress any kind of leftist activity or public protest during the occupation. Because democracy tolerated dissent, the concept of democracy had long been regarded by Japan’s ruling elite as ‘a poisonous idea from the West’. In Japan, even the mildest kind of dissent was not tolerated. During the McCarthy era in America, the suppression of dissent became synonymous with anti-communism. But the witchhunt in Japan during that epoch was far more severe and bloody.” (Ibid.; p. 110.)
9. The Keenan Fund was yet another of these pools of “black” money. “The Keenan Fund, by contrast, was controlled by a civilian: Joseph B. Keenan, another MacArthur intimate who was chief prosecutor in the Tokyo war crimes trials. . . .Simply put, it was used to bribe witnesses at the war crimes trials, or to grease the intermediaries who persuaded the witnesses to falsify their testimony.” (Ibid.; pp. 111-112.)
10. Eventually, the late Philippine dictator Ferdinand Marcos learned of the Golden Lily plunder and the use of the clandestine funds by MacArthur and the Japanese. He then used this information to recover some of the treasure entombed the Philippines, and to blackmail both the Japanese and the Americans. It should be noted that this blackmail evolved into deep political collusion, in which the Marcos-controlled Golden Lily loot was trafficked around the world as part of various U.S. and Japanese covert machinations.
11. In addition, some of the Golden Lily caches in the Philippines were recovered by various “private” organizations, themselves intimately linked to elements of U.S. intelligence and reactionaries evolved from the MacArthur infrastructure. Among the participants in these recoveries were the John Birch Society and General John Singlaub-the later closely associated with the former World Anti-Communist League and the off-the-shelf intelligence operations associated with the Iran-Contra affair. (For more about the John Birch Society, see RFA#’s 10-12-available from Spitfire. For more about WACL, see RFA#’s14, 15, 36, 37. For more about the Iran-Contra affair and the machinations of Singlaub and Company, see RFA#’s 29-35. All of these programs are available from Spitfire.)
12. “Included here are handwritten letters and diagrams showing how a group of senior U.S. Government officials and Pentagon generals hoped to use Golden Lily treasure to create a new private FBI and a military-industrial complex controlled by them, in partnership with the John Birch Society, the Moonies and far-right tycoons. This is confirmed by tape recordings of a 1987 conference in Hong Kong that included retired U.S. Army General John Singlaub and General Robert Schweitzer of the National Security Council under President Reagan.” (Ibid.; p. 11.)
13. Recently, former Citibank CEO John Reed took over as acting head of the New York Stock Exchange. While presiding over Citibank’s operations, Reed was the focal point of litigation by the heirs to Santa Romana, who had secreted significant amounts of “black gold” in accounts at Citibank. The residual assets from Golden Lily, the Black Eagle Trust, the M-Fund etc. continue to occupy a decisive position in the clandestine affairs of governments and financial institutions around the world.
14. In what the Seagraves describe as the “last battle of the Pacific War,” surviving victims of Japanese atrocities, including American former POW’s sued for compensation for their wartime suffering. The federal government effectively blocked these suits, maintaining that international diplomatic relations took precedence over legal ethics and morality. “The real issue is conflict of interest. During the Clinton Administration, U.S. Ambassador to Japan Thomas Foley was adamant in rejecting compensation for POW’s and other slave laborers, insisting that ‘The peace treaty put aside all claims against Japan.’ His Deputy Chief of Mission, Christopher J. LaFleur, echoed this dogma at every opportunity.” (Ibid.; p. 12.)
15. “It ws a matter of some interest to victims that Foley’s wife was a well-paid consultant to Sumitomo, one of Japan’s biggest zaibatsu conglomerates, heavily involved in wartime slave labor and a target of the lawsuits. The moment Foley ended his tenure as ambassador and returned to America, he signed on as a paid advisor and lobbyist to another huge conglomerate-Mitsubishi-one of the biggest wartime users of slave labor.” (Idem.)
16. “Of greater significance, perhaps, is that Lafleur is married to the daughter of former prime minister and finance minister Miyazawa, one of the three Japanese who secretly negotiated the 1951 treaty with John Foster Dulles. (Miyazawa also is considered by professor Lausier and others to be the financial overseer of the M-Fund.) Conflict of interest does not seem to be an obstacle in diplomatic appointments to Tokyo.) (Idem.)
nezmond
28-07-2009, 11:58 PM
Wow you guys are good! with all the supressed news in this forum we could print our own newspaper and it realy would be a niche. Mabie it would help people wake up, but we would probably get sued for telling the truth and whats realy going on.
real6
29-07-2009, 01:43 AM
Wow you guys are good! with all the supressed news in this forum we could print our own newspaper and it realy would be a niche. Mabie it would help people wake up, but we would probably get sued for telling the truth and whats realy going on.
I know, that would be nice :)
How can we get sued? I doubt it ;)
If you google certain words this Thread will be in the top 4 or 5. Funny stuff.
If you want dirt, i'll find it ;)
nezmond
29-07-2009, 02:23 AM
yeah the fact that google ******* scares me kind of. hey heres one youve all seen. when ever your watchin a upload or iplayer whatever. if anyone seemes to mension 911 or govverment theres allways a video error od a freeze or somthing amiss happens i was wathin live at the appolo for example an in the middle they had an american comedian an as soon as he sez stuff a weied jitter occures, and ive seen this many times its like the goverments way if indexind files of a (terrorist nature, mabie i shouldent say that wort in here).
nezmond
29-07-2009, 02:25 AM
im not a tard my keyboard if broke.
nezmond
29-07-2009, 02:33 AM
infact i live near the golf balls in wyorkshire so i guess i have a low latency lol (and no im not laughing out loud, only because the people tht i want to laugh at cant hear me so why bother)
real6
29-07-2009, 01:39 PM
yeah the fact that google ******* scares me kind of. hey heres one youve all seen. when ever your watchin a upload or iplayer whatever. if anyone seemes to mension 911 or govverment theres allways a video error od a freeze or somthing amiss happens i was wathin live at the appolo for example an in the middle they had an american comedian an as soon as he sez stuff a weied jitter occures, and ive seen this many times its like the goverments way if indexind files of a (terrorist nature, mabie i shouldent say that wort in here).
im not a tard my keyboard if broke.
infact i live near the golf balls in wyorkshire so i guess i have a low latency lol (and no im not laughing out loud, only because the people tht i want to laugh at cant hear me so why bother)
You're loosing it man....
el jefe
29-07-2009, 07:43 PM
White supremacist radio host Hal Turner was an FBI informant, his lawyer revealed in court today. The announcement is a confirmation of what hackers claimed nearly a year ago after allegedly gaining access to his e-mails.
Turner was arrested on June 24 for allegedly calling for the murder of three judges who supported the Chicago gun ban. The confession by his attorney came at a bond hearing Tuesday.
"Attorney Michael Orozco [...] said his client gave authorities information about a plot to assassinate President Barack Obama," reported the Associated Press.
However, prosecutors said they had no information about the alleged plot, but did confirm Turner had a relationship with the bureau. Attorney William Hogan told the wire service that relationship had ended "some time ago."
His recent arrest came after a complaint about an overt call for the murder of three judges.
"Let me be the first to say this plainly: these Judges deserve to be killed," he wrote on his Web site, according to MSNBC. "He included their pictures, phone numbers, work address and room numbers along with a photo of the courthouse in which they work and a map of its location, the FBI says."
"We take threats to federal judges very seriously. Period,"' said Patrick Fitzgerald, the U.S. attorney in Chicago," the network reported.
But perhaps the most interesting bit of Turner's recent history are his dealings with the users of the popular Internet forum 4chan, among others.
In July 2008, hackers -- who may or may not be connected to 4chan -- confronted Turner on his Web site's forums and claimed they had gained access to his e-mail, uncovering a message allegedly to his FBI handler in which he takes credit for "flush[ing] out another crazy."
decim
29-07-2009, 08:10 PM
What has hal turner got to do with the US bonds & Japs?
el jefe
29-07-2009, 09:09 PM
What has hal turner got to do with the US bonds & Japs?
He originally came out with the story that they were real, go back several pages
real6
29-07-2009, 09:14 PM
He originally came out with the story that they were real, go back several pages
Good one, was just about to post.
Jefe, what do you think of the Seagrave information?
Any truth in it?
The Seagraves, bestselling authors (Lords of the Rim, etc.), contend that Japan systematically looted the entire continent of Asia during WWII, seizing billions in precious metals, gems and artworks. Further, according to the authors, from war's end to the present, the looted treasure, used by President Truman to create a secret slush fund to fight communism, has had a malignant effect on American and Asian politics. The Seagraves assert that the Japanese imperial family, along with Ferdinand Marcos, every American president from Harry Truman to George W. Bush, and numerous sinister figures on the American hard right have been tainted and in many cases utterly corrupted by the loot. Postwar efforts to recover and exploit the treasure, according to the Seagraves, involved murders, dishonest deals and cover-ups. Readers who want to examine the full range of sources for this controversial account are referred in the book to the authors' Web site, where two CDs containing "more than 900 megabytes" of supporting documentation are available. But a paradox affecting conspiracy histories such as this one is the authors' frequent insistence that the malefactors have suppressed relevant evidence. Conceptual difficulties of this sort make it impossible for the lay reader to judge this book's credibility, even while one is swept up in the high-intensity story the Seagraves tell. FYI: The authors claim that in consequence of their revealing the existence of the slush fund and its resulting "global network of corruption," they have received "veiled death threats."
Announcing they might be murdered for writing this book, the Seagraves proceed to tell an involved story about Japanese plunder from World War II that, never returned to its rightful owners, underwrites political slush funds and other financial legerdemain conducted by American and Japanese power brokers. According to the cognoscenti, some of the boodle is called the M-Fund, after the initial of a Douglas MacArthur crony who set it up; the gold behind it, in turn, was secreted in the Philippines under the supervision of the imperial Japanese family. The Seagraves, reputable authors of East Asian histories, advance considerable sourcing for their claims, some of which, however, rely precariously on the word of single individuals, while others are anonymous. It is, therefore, a challenge for the reader to decide what's true here, such as the authors' explosive assertion that Richard Nixon exchanged a political promise (returning Okinawa to Japan) for money from the M-Fund. In any event, the Seagraves' tale of treasure hunting, war crimes, and skulduggery will prompt some head scratching.
real6
29-07-2009, 09:21 PM
What has hal turner got to do with the US bonds & Japs?
Here is one more link:
onds
Remember that story about the $134.5 billion in US bonds?
Everything suggests that the American bonds seized at Chiasso are real.
Official U.S. sources continue to say they are fakes, but there is no news that American experts have inspected them in person. Arrested for another matter, the director of a U.S. radio who says the bonds are real and Japan was trying to sell in Switzerland, not trusting the ability of the United States to honour its debt.
Milan (AsiaNews) – Four weeks have passed since American bonds were confiscated from two Japanese men who were travelling on a direct train to Chiasso, Switzerland, and while there has been clarification of some - very few -points, Italian authorities have remained silent on the rest of the episode.
In addition, a strange coincidence in the timing of the arrest of a director of an internet radio who had made revelations regarding the incident, increases the already strong oddities surrounding the case. This added to the revaluation of the fact that among the evidence seized there were "Kennedy Bonds", all points toward the authenticity of the items seized by the Guardia di Finanza (GdF) in early June.
The major English-speaking newspapers ignored the story for a couple of weeks. They only started to report on it after the Bloomberg agency carried a story on 18 / 6, in which a spokesman for the Treasury, Meyerhardt, declared that the bonds, based on photos available on the Internet, were "clearly false." The same day, the Financial Times (FT) published an article whose title laid the blame for the (alleged) infringement at the feet of the Italian Mafia, despite the fact that the article failed to make even one possible connection with the episode in Chiasso. Nevertheless, the version of events as reported in FT was taken up by others as being "appropriate" (given that it is a very common cliché about Italy and it is a sequester that took place in Italy) and in the end "colourful." It’s a pity that it goes against all logic: that the Mafia tried to pass unnoticed in its attempt to dump fake bonds amounting to 134.5 billion dollars and moreover were to "stung" a mere step from their goal, is not very credible.
Most recently last week, 25 / 6, the New York Times reported on the story in particular, the allegations of CIA spokesman, Darrin Blackford: the U.S. Secret Service carried out inspections, as required by the Italian judiciary, and found that they were fictitious financial instruments, never issued by the “U.S. government”. It is not clear, however, how the checks mentioned by Blackford were carried out and whether they were also are carried out via internet. In fact according to official Italian sources the Commission of American experts, expected in Italy, have yet to arrive. Furthermore, the bonds were accompanied by a recent and original bank record. It is therefore unclear how the U.S. authorities can declare fake documentation that does not originate from the Fed or the U.S. Department of Treasury.
On the contrary, claims in support of the bond’s authenticity were made 20 / 6 on the Turner Radio Network (TRN), an independent radio station broadcast via Internet. On that date in a massive exposure, TRN stated that the two Japanese men arrested by the Guardia di Finanza (GdF) and then released in Ponte Chiasso were employees of the Japanese Ministry for Treasury. AsiaNews had also received similar reports: one of the two Japanese arrested in Chiasso and then released is Tuneo Yamauchi, is the brother of Toshiro Muto, until recently vice governor of the Bank of Japan. On its website, the creator and presenter of the Radio, Hal Turner, had also claimed that his sources had revealed that the Italian authorities believe the evidence to be authentic and that the two Japanese officials are from the Japanese Ministry for Finance. They were supposed to bring the bonds to Switzerland because the Japanese government had apparently lost confidence in U.S. ability to repay its debt. Japanese financial authorities therefore were trying to sell a part of the securities in their possession through parallel channels ahead of an imminent financial disaster, thanks to the anonymity which, Turner said, is guaranteed by the laws of Switzerland.
AsiaNews does not know to what extent Turner’s revelations can be held as credible, given that in this case too, it is difficult to believe that $ 134.5 billion would pass unnoticed anywhere in the world. It seems far more logical to assume that the bonds, if authentic, were directed to the Bank for International Settlements in Basel, BIS, the central bank of central banks ahead of the issuance of securities in a new supranational currency. Turner had in any event added that as evidence to support his revelations he would have provided the serial numbers of the seized bonds. Before he could do so, however, was imprisoned. Hal Turner is the journalist who long ago first broke the news of a secret plan to replace the dollar, after a severe financial crisis, with a common North American currency, the Amero. In a dramatic phone call from inside the prison in which he is detained pending trial, relayed via internet, Hal Turner claims that his arrest is political and it is in relation to the securities seized in Chiasso, because the authorities are terrified by his revelations of the bonds’ authenticity. Of course, the allegations made against him have to nothing to do with the story and thus an already intricate story becomes ever more complex. Turner maintains that he did not personally formulate the disclosure for which he has been imprisoned. Although it was clearly his responsibility to remain vigilant, it is also true that blogs from around the world and the U.S. themselves are full of threats and provocations. The coincidental timing, the unusual diligence and the details of his arrest arouse suspicions about the true motives of the American federal police. Indeed, this very arrest suggests that the evidence seized from GdF are truly authentic.
One more element in favour of the bond’s authenticity is found in the securities, which in the June 4 statement, the GdF termed "Kennedy Bonds” with photos provided. These photos reveal that the securities under discussion are not bonds but Treasury Notes, because they are securities that can be immediately exchanged for their worth in goods or services and because they are devoid of interest coupons. One side carries a reproduction of the image of the American president, the reverse side that of a spaceship. From confidential, usually well-informed sources, AsiaNews has learned that this type of paper money was issued less than ten years ago (in 1998), although it is difficult to know whether those seized in Chiasso are authentic. But the fact that the release of this particular State Treasury was not completely in the public domain tends to exclude the possibility of counterfeiting. It highly unreasonable to suppose that a forger would reproduce a State Treasury not commonly in circulation and of which there is no public knowledge. For this reason, it can be concluded that the 124.5 billion dollars divided in 249 bonds of 500 million each are authentic. These titles, although referred to as "Federal Reserve Notes" are actually bonds, because they accrue interest and are redeemable at maturity. But one question remains unsolved regarding them. It is somewhat hard to understand why the securities, which were from the outset indistinguishable from the original to the GdF, all have their coupons. Any ordinary investor, even a state, would have cashed in the interest coupon every year, so as not to lose purchasing power.
el jefe
29-07-2009, 09:35 PM
Good one, was just about to post.
Jefe, what do you think of the Seagrave information?
Quick search shows numerous sources all stating the same thing. Even that forum discussion says the same thing. I just cant believe Rense and Fulford are flat out stating these bonds were issued and were real back in the 30's. Do you think this is what Japan Today was referring to when they stated the US did print bonds of that denomination?
What was the value of those Japanese bonds in US on post 210?
So they had US bonds and then made converted them to Yen, then back to US for this heist a few months ago? Im confused...
el jefe
29-07-2009, 09:36 PM
Also if Turner is an FBI informant, that just gives more credibility to his statements. I saw his blog about killing the judges but didnt see any personal info like the link is stating...maybe someone planted that comment so they would have a reason to shut him up. So hes still being held? His blog still have the original statements about the bonds?
real6
29-07-2009, 09:43 PM
Also if Turner is an FBI informant, that just gives more credibility to his statements. I saw his blog about killing the judges but didnt see any personal info like the link is stating...maybe someone planted that comment so they would have a reason to shut him up. So hes still being held? His blog still have the original statements about the bonds?
I cant even cache it on google. It's all shut down. But i think you said it right.
el jefe
29-07-2009, 11:03 PM
I cant even cache it on google. It's all shut down.
Interesting :o
el jefe
29-07-2009, 11:06 PM
Wow it really is gone. A comment about some judges and your entire site goes down? BS! He hit the nail on the head with the bond story
Good thing I copy and pasted it a month ago:
(Turner Radio Network) -- Two Japanese men arrested by Italian Police while trying to smuggle $134 Billion in U.S. Treasury Bonds concealed in suitcases, out of Italy into Switzerland, are employees of the Finance Ministry of Japan.
Turner Radio Network has now confirmed the two men arrested by Italy were trying to secretly dump Bonds that were previously held by the nation of Japan. The men arrested have told Italian police they were ordered to move the Bonds by the government of Japan because the Japanese government has lost faith in the ability of the U.S. government to repay its debts.
Despite assurances from Japanese Finance Minister Kaoru Yosano about Japan's "absolutely unshakable” confidence in the credibility of the U.S. dollar, it is now confirmed based upon the serial numbers of the Bonds, that the $134 Billion is part of the $686 billion of U.S. debt officially held by Japan.
According to Italian Law Enforcement, authorities originally thought the men were part of the "Yakuza", a Japanese organized crime syndicate similar to the Italian Mafia, which lead officials to believe the Bonds were forgeries But after the men who were arrested were forced to remain in jail for more than a few days, they discarded their cover story and admitted to being employees of the Finance Ministry of Japan.
Strangely, very few major media outlets have covered this story. Of the few media outlets that have covered it, one - Bloomberg Business News - reported the bonds were "fakes." But according to Italian authorities, that is a cover story developed by the U.S. government to avoid panic selling of U.S. Treasuries by other nations.
Law enforcement sources in Rome claim the Italian government is ecstatic over the seizure because under Italian law, they get to keep forty percent (40%) of the smuggled bonds. The governments of both the US and Japan are trying to negotiate with Italy for return of the Bonds but because of the astonishing amount of money involved, Italy is refusing any negotiation at all.
TRN has been told to expect to receive serial numbers from the bonds as proof they are real. In addition, our source claims he can obtain scanned images of some of those bonds as well. If we are given such information or images, we will report them publicly.
The implications of this situation are monstrous: An ally of the United States has been caught trying to secretly unload U.S. government debt. This is unmistakable proof that the United States government is headed into economic collapse because nations around the world have now officially lost faith in its ability to repay.
The fact that $134 Billion in Bonds was intercepted by Italian Police was confirmed two days ago by Bloomberg Business news (here). Today's revelation by TRN that the men arrested were employees of the Japan Finance Ministry is a huge development which will cause sudden and dramatic reaction worldwide.
UPDATE June 19, 2009 2115 HRS ET -- The Japanese men taken into custody by Italy have been released and they were allowed to take their "fake" Bonds with them! Authorities now say they do not know where the men went. Those same authorities have told the "Financial Times" of London that the Bonds were "most likely fakes."
Updated Commentary: This is the single biggest farce we've heard about in a long time. Does anyone actually believe that anyone would be transiting a national border with $134 Billion in "fake" Bonds concealed in a suitcase with a fake bottom?
Does anyone actually believe Italian Authorities would ignore their own laws and release persons who violated Italian financial disclosure laws?
Does anyone really believe that a bank or other entity would simply accept a US Treasury "Intergovernmental" Bond with a face value of either $500 Million or $1 Billion without ever calling the US Treasury to determine if the bonds were valid?
The absurd explanation provided by the U.S. Government that the bonds were "fakes" would be laughable if it wasn't so pathetic.
Clearly the government of Japan got caught red handed trying to dump U.S. Treasury Bonds because they no longer trust that the USA can pay its debts. When the issue blew up in their faces, everyone from Japan to Italy to the USA had to get together and lie about what was happening with the hope that other nations wouldn't start dumping U.S. Treasuries too.
That is precisely what happened. Anyone who says otherwise is either lying or stupid. . . . . or thinks we're stupid enough to believe them!
We have now entered the official "end game" for the United States Government. They are broke. Bankrupt. They have no hope of ever repaying their debts. Countries around the world know this and are starting to dump U.S. debt and U.S. currency because it will all become worthless very soon.
There's no stopping it. There's no avoiding it. There's no way to patch things up to make this go away.
The United States of America has been bankrupted by its own government. That government bears sole responsibility for the economic collapse that is coming. When the collapse happens, the American people - the most heavily armed population on Earth - will probably take up arms and overthrow the government by force. In our view, forcible overthrow is a fate the U.S. Government richly deserves.
It would be very wise for those of you who still can, to consult with qualified financial people about how to get your assets out of the USA and your money OUT of U.S. dollars before you are all wiped out too. Time is running out. Japan is already trying to dump their U.S. holdings. You should too before everyone does at the same time.
UPDATE - JUNE 20 1435 HRS ET -- The Turner Radio Network has obtained photos and video from the Guardia di Finanza (Italian Financial Police) showing the actual $134 Billion in U.S. Bonds, with coupons attached, which were caught being smuggled from Italy into Switzerland.
The bonds were intercepted in Chiasso, Italy at the border of Switzerland.
The Bonds were owned by the country of Japan since the early 1980's when printed bonds were still issued by the U.S. Treasury. Today, all such Bonds are done electronically.
The paper bonds below were being smuggled into Switzerland by employees of the Japan Finance Ministry so they could be sold, at discount, under the anonymity of Swiss financial laws. If no one knew Japan was dumping US Treasury bonds, it would not cause a panic worldwide as other nations dumped their US Treasuries too. Japan was rudely surprised when the two employees of the Japan Finance Ministry were grabbed at the Italian border.
Japan sent the $134 Billion in bonds to Switzerland because Japan has lost faith in the ability of the U.S. government to repay its debts and Japan wanted to sell the bonds at a discount off face value with the hope of recouping at least some of the money before the U.S.collapses economically.
Those of you around the world who are holding U.S. Treasury notes would do well to consult with a qualified financial planner to see how quickly you can dump any U.S. Treasury Bonds and any U.S. Dollars you may be holding before the U.S. suffers the economic collapse which is now unavoidable.
If you are left holding Bonds or Dollars, you will likely be financially wiped out when the US Government repudiates its debt because it simply cannot pay anymore.
In the photo below, the piles of Bonds which appear to have a cash-like top have a face value of five hundred million dollars each ($500,000,000) and the smaller Bonds at the bottom right of the table are "Kennedy Bonds" with a face value of one billion dollars each ($1,000,000,000)
The total face value of the bonds shown on the table below is one hundred thirty four billion dollars!
If he would of mentioned this Manchurian ordeal from 1930's I would of pissed myself....
real6
29-07-2009, 11:21 PM
Wow it really is gone. A comment about some judges and your entire site goes down? BS! He hit the nail on the head with the bond story
Good thing I copy and pasted it a month ago:
If he would of mentioned this Manchurian ordeal from 1930's I would of pissed myself....
Good man!!!
real6
03-08-2009, 09:28 PM
Yamashita's Gold - Eyewitness Reveals Truth Of Fabulous WWII Hidden Treasure...
In the closing months of World War II, in the Philippines, several of Japan's highest ranking imperial princes hid tons of looted gold bullion and other stolen treasure in caves and tunnels, to recover later. This was the wealth of 12 Asian countries, accumulated over thousands of years.
Expert teams accompanying Japan's armed forces had systematically emptied treasuries, banks, factories, private homes, pawn shops, art galleries, and stripped ordinary people, while Japan's top gangsters looted Asia's underworld and its black economy.
There were 175 ''imperial'' treasure sites hidden throughout the Philippines. When American tanks were close, the chief engineers of those vaults were given a farewell party 67 metres underground in Tunnel 8 in the mountains of Luzon, stacked with row after row of gold bars. As the evening progressed, they drank great quantities of sake, sang patriotic songs and shouted banzai (long life).
At midnight, General Yamashita Tomoyuki and the princes slipped out, and dynamite charges were set off in the access tunnels, entombing the engineers. Their vaults would remain secret. The princes escaped to Tokyo by submarine, and three months later General Yamashita surrendered to American troops. Japan had lost the war militarily, but the princes made certain Japan did not lose financially.
This grisly event has remained unknown until now, and the hidden treasure was brushed off as a fanciful legend of ''Yamashita's Gold''. But an eyewitness to the entombment has taken us there and given us his personal account. During the war, Ben Valmores was the young Filipino valet of a senior prince, who was in charge of closing all imperial treasure sites in the Philippines. A sometimes sentimental man, the prince spared Ben's life and led him out of Tunnel 8 just before the dynamite was detonated.
Japan's looting of Asia was overseen by [then-emperor] Hirohito's brother Prince Chichibu. His organisation was codenamed kin no yuri (Golden Lily), the title of one of the emperor's poems. Other princes headed different parts of Golden Lily across the conquered territories. Eventually, Japanese sources told us that Ben's wartime master was prince Takeda Tsuneyoshi, first cousin of Hirohito and grandson of emperor Meiji.
In 1998, we tested Ben with 1930s photographs of many princes, all the names removed, and he instantly identified prince Takeda, Hirohito's brother prince Chichibu and other princes.
Ben said he had spent time with each of them, bringing them food, tea and cigarettes while they inventoried each treasure site. When he saw our photo of Prince Takeda, Ben froze, then began softly crooning the Japanese folk song Sakura, Sakura (Cherry Blossoms), which he said Takeda often sang to himself.
In the final stages of work on a biography of Japan's imperial family titled The Yamato Dynasty, we were told that in October 1945, American intelligence agents learned where some of the Japanese loot was hidden in the Philippines, and quietly recovered billions of dollars worth of gold bullion, platinum, and loose diamonds. This information, if true, revealed the existence of an extraordinary state secret, something the United States Government kept from its own citizens for more than half a century. There was no time to include this in the biography. It had to be investigated separately. Here is some of what we have since learned:
After surrendering on September 2, 1945, General Yamashita was charged with war crimes over gruesome atrocities committed in Manila under the order of an admiral, while Yamashita had ordered withdrawing troops to leave the city unharmed. During his trial, there was no mention of plundered treasure, or of looting during the war.
But we now know there was a hidden agenda. Because it was not possible to torture General Yamashita physically without this becoming evident to his lawyers, members of his staff were tortured. His driver, Major Kojima Kashii, was given special attention. In charge of the torture of Major Kojima was a Filipino-American intelligence officer named Severino Garcia Santa Romana, whose friends called him Santy. He wanted the major to reveal each place where he had taken Yamashita, where bullion and other treasure was hidden for recovery after the war. Supervising Santy during the torture was Captain Edward Lansdale, later one of America's best known ''Cold Warriors''.
Early that October, Kojima broke and led Lansdale and Santy to more than a dozen Golden Lily treasure vaults in the rugged country north of Manila. What they found astounded everyone from General Douglas MacArthur all the way up to the White House. After discussions with his cabinet, President Harry Truman decided to keep the recovery a state secret.
Santy's ensuing recoveries greatly altered America's leverage during the Cold War. According to senior US government officials and high-ranking US Army officers, the Truman administration set this treasure aside along with Axis loot recovered in Europe, as a secret political action fund to fight communism in the Cold War.
Crudely put, it would be used to bribe statesmen and military officers, and to buy elections for anti-communist political parties. The idea for a global political action fund based on war loot had originated with US secretary of war, Henry Stimson. During the war, Stimson had a brain-trust thinking hard about recovered Axis plunder, and how it should be handled after the war. Their solution was to set up what is informally called the ''Black Eagle Trust'', after the black eagle emblem of Hitler's Reichsbank in Berlin.
The Black Eagle Trust was first discussed in secret during July 1944, when 44 nations met at Bretton Woods, New Hampshire, to plan the post-war economy. This was confirmed to us by a number of high-level sources, including former CIA deputy director Ray Cline, who knew about Santy's recoveries in 1945, and continued to be involved in attempts in the 1980s and 1990s to hide blocks of Japanese war loot still said to be in the vaults of banks in New York.
In November 1945, General MacArthur strolled down row after row of gold bars stacked two metres tall during a tour of vaults opened by Santy. >From what was seen in these vaults alone, it was evident that over a period of years Japan had looted billions of dollars in treasure from all over Asia.Much of this plunder had reached Japan overland earlier, from China through Korea, but the rest was hidden in the Philippines, unable to be shipped to Japan by sea because of the successful US submarine blockade.
According to Ray Cline and others, between 1945 and 1947 the gold bullion recovered by Santy and Lansdale was moved discreetly to 172 accounts at banks in 42 countries.
There were important reasons for all this secrecy. If the recovery of this huge mass of stolen gold was known only to a trusted few, the countries and individuals that had been plundered could not lay claim to it. Truman recognised that the very existence of so much black gold, if it became public knowledge, would cause the metal's fixed price to collapse. But as long as the gold was kept hidden, prices could be maintained and currencies pegged to gold would be stable. Meanwhile, the black gold would serve as a reserve asset, bolstering the prime banks in each country, and strengthening the anti-communist governments of those nations.
To hide the existence of all this treasure, Washington had to tell a number of lies. Especially lies about Japan, which had stolen most of the gold. America wanted Japan to become its anti-communist bastion in Asia, where the mainland was being overrun by communists. If American conservatives and Japanese conservatives were to ally effectively against communism, they had to begin by enlarging their financial resources for the Cold War.
Above all, the source of much of this hidden wealth must never be acknowledged. Washington had to insist, starting in 1945, that Japan never stole anything, and was flat broke and bankrupt when the war ended. Here was the beginning of many terrible secrets.
Because they remained ''off the books'', these enormous political action funds got into the wrong hands, where they remain to this day. We can reveal that in 1960, then vice-president Richard Nixon ''gave'' one of the biggest of these political action funds, the US$35-billion (about HK$272 billion) M-Fund, to leading members of Japan's Liberal Democratic Party (LDP). In return, he is believed to have sought their support for his presidential campaign that year.
The M-Fund, now said to be worth more than US$500 billion, is still controlled by members of the LDP.
Officially, we are told that Japan's wartime elite the imperial family, the zaibatsu (large industrial business conglomerates), the yakuza (Japanese mafia) and the ''good'' bureaucrats ended the war as impoverished victims of a handful of ''bad'' military zealots. We are told that Japan was badly damaged and impoverished, barely able to feed itself at war's end.
In fact, Japan emerged from the war far richer than before, and with remarkably little damage, except to the homes of millions of ordinary Japanese who did not count, at least in the view of their overlords.
Evidence of Golden Lily loot comes also from straightforward legal actions in America. Such simple things as the probating of the will of Santa Romana (Santy), verification of his tax records, and legal evidence of his fortune deposited in the US, Switzerland, Hong Kong and elsewhere, provide hard proof that the world is awash with clandestine bank accounts growing out of Golden Lily.
Other lawsuits in the US prove that Golden Lily war loot was indeed hidden in the Philippines. Rogelio Roxas, a Filipino locksmith, found a one-tonne solid-gold Buddha and thousands of gold bars hidden in a cave near Baguio only to have it stolen from him by President Ferdinand Marcos. Roxas was subsequently tortured and died in suspicious circumstances. Some believe he was murdered. In 1996, a US Federal Court awarded his heirs a judgment of US$22 billion against the Marcos estate.
As the 1951 Peace Treaty was skewed by secret deals, thousands of Japan's victims have been deprived of any compensation for their suffering. According to Article 14 of the Treaty: ''It is recognised that Japan should pay reparations to the Allied Powers for the damage and suffering caused by it during the war. Nevertheless it is also recognised that the resources of Japan are not presently sufficient.'' To reinforce the claim that Japan was broke, Article 14 noted that ''the Allied Powers waive all reparations claims of the Allied Powers and their nationals arising out of any actions taken by Japan...'' By signing the Treaty, Allied countries concurred that Japan's plunder had vanished down a rabbit hole, and all Japan's victims were out of luck. In return for going along with the Treaty, the Allies received portions of the gold bullion recovered by Santy.
We have evidence from former CIA deputy director Cline that the gold bullion Santy and Lansdale recovered was secretly moved to national treasuries and prime banks in more than 42 countries, including Great Britain. We also have evidence from British archives confirming this.
More than half a century later, the last battle of the Pacific War is being waged in courts in the US and Japan where surviving prisoners of war, slave labourers, comfort women and civilian victims of Japan have filed billion-dollar lawsuits to win compensation so mysteriously denied them after the war. In 1995, it was estimated that there were 700,000 victims of the war who had still received no compensation.
Today, their numbers are dwindling rapidly because of age and illness. Backing them is an extraordinary coalition, including international law firms with years of experience, fighting for compensation from German industries and Swiss banks, for crimes committed and money looted during the Nazi Holocaust.
Sterling and Peggy Seagrave are the authors of ''Golden Warriors''. This is an edited extract of the book's prologue. It will be published in French by Editions Michalon in November.
real6
11-08-2009, 06:16 PM
07/10/2009
イタリアで逮捕された「日本人」はＦＲＢ議長などの書類を持っていた
最近イタリアで逮捕された$１３４５億相当の米国債を持っていた「日本人」（実はフィリピン人と中国人であ った）は、米連銀のバーナンキ議長やグリーンスパン元議長などのサイン入り文章書類を所有していた。その２ 人組は結局無罪であったし、外交官パスポートを持参していたのですぐに釈放された。しかし大手マスコミによ ると、その２人組が持参していた米国債は偽ものであった。もし本当にそうならば何故偽米国債を所有していた 二人をすぐに釈放したのか？
様々な情報源によると、彼らが所有していた米国債は本物であり現在新しい金融システムを作成中の人達の元に ある。このお金は世界から貧困や環境破壊や戦争をなくし、今まで封印されてきた技術の開発のためにもつかわ れることが計画されているようだ。但しおそらく裏年度末である９月３０日までは膠着状態が続く だろう。
0%AE%E6%8D%95%E3%81%95%E3%82%8C%E3%81%9F%E6%97%A5% E6%9C%AC%E4%BA%BA%E3%81%AF%EF%BD%86%EF%BD%92%EF%BD %82%E8%AD%B0%E9%95%B7%E3%81%AA%E3%81%A9%E3%81%AE%E 6%9B%B8%E9%A1%9E%E3%82%92%E6%8C%81%E3%81%A3%E3%81% A6%E3%81%84%E3%81%9F-1.html
The Japanese arrested with $134.5 billion had papers signed by Bernanke, and Greenspan: With corrections and additions
The two "Japanese" ( actually both were Filipinos ) arrested in Italy recently reportedly with $134.5 billion worth of F.R.N. s, ( THE AMOUNT WAS IN FACT SOME FIVE HUNDRED BILLION IN CERTIFICATES ) were also carrying a series of documents signed by the likes of Alan Greenspan and Ben Bernanke with federal reserve logos and stamps embossed, signed and witnessed . The two were released after proving their credentials, and were released because they were carrying genuine diplomatic passports. The Pictures of the documents they carried are attached and we would like to hear some expert opinion on their contents (somebody is preventing us from uploading more than one picture).
According to the official story put out to the corporate media, the Treasuries were forgeries (no doubt they will say the same about the documents pictured here) but if that is the case, why were the people carrying the “forgeries” immediately released, by extreme persons in high places in Italy, who had the power to silence Prime Minister Belosconi ?
The truth is the Treasury certificates they carried were legitimate and are now in the safe hands of a new financial system. The instruments will be used to finance part of a Program at ending war, poverty and environmental destruction. It will also be used to develop previously forbidden technology. We may see some visible changes as early as next week as they carry out the new banking paradigms being incorporated, but, not with out resistance from the old abusive Wall street guard .
Bernanke’s latest check has bounced but, as mentioned before, things will drag on to the September 30 secret fiscal year end then all hell will break out as the financial world, takes a ninety degree down-turn . The information above comes from very highly placed sources.
More to this...
The following e-mail was sent to you via The Rumor Mill News Reading Room from xxxxxx
************************************************** *************************
from benjamin fulford
please delete name and email
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.....fulford..july10th..............
The Japanese arrested with $134.5 billion had papers signed by Bernanke, Greenspan
The two “Japanese” (one is Philippino and the other Chinese) arrested in Italy recently with $134.5 billion worth of US Treasury certificates were also carried a series of documents signed by the likes of Alan Greenspan and Ben Bernanke. They themselves are innocent and were released immediately because they were carrying genuine diplomatic passports. The Pictures of the documents they carried are attached and we would like to hear some expert opinion on their contents.
According to the official story put out to the corporate media, the Treasuries were forgeries (no doubt they will say the same about the documents pictured here) but if that is the case, why were the people carrying the “forgeries” immediately released?
The truth is the Treasury certificates they carried were legitimate and are now in the safe hands of the managers of the new financial system. The money will be used to finance part of a Marshall plan aimed at ending war, poverty and environmental destruction. It will also be used to develop previously forbidden technology. We may see some visible changes as early as next week now that Bernanke’s latest check has bounced but, as mentioned before, things could drag on to the September 30th secret fiscal year end a possibly a bit beyond that date. The information above comes from very highly placed sources.
Posted at 13:03 | Permalink | Comments (0) | TrackBack (0)
MORE BENJAMIN FULFORD:
Secret government promises big changes
By Benjamin Fulford
The secret government of the US and EU has promised a major overhaul in the wake of the warning it got from the Chinese secret society, according to a senior Japanese public security police officer and Freemason who has been acting as an intermediary with the Chinese secret society. “Expect big changes this autumn,” he said in comments confirmed by a member of the Japanese royal family. “What you will be seeing is the unwinding of George Bush senior’s 50-year campaign to turn the U.S. into a fascist regime,” the secret police agent says. “George Bush senior is now a broken man showing signs of senile dementia,” he adds.
If the sources are to be believed, U.S. President George Bush’s government will resign, before his term expires, and will be replaced by an interim regime headed by Al Gore. This will start a 2-3 year transition period during which suppressed technology, such as free energy, will be released and a new system for running the planet will be implemented, according to these two sources. “They [The illuminati] know their rule is ending but they do not want it to end in an ugly way,” the security police source says.
The recent market turmoil, including the Chinese threat to sell dollars, was part of the bargaining towards major changes in the secret balance of power, we are told.
Certainly there are some encouraging signs. The tearful resignation of U.S. presidential “brain” Karl Rove removes a central lynchpin of Bush’s regime. Since it follows six other resignations; it does look like rats abandoning a sinking ship.
In Japan, meanwhile, the victory of the opposition Democratic Party in the recent upper house elections could lead to the end of the Iraq and Afghan wars. Japan Democratic Party leader Ichiro Ozawa has promised to block renewal of an “anti-terrorist” bill that allows Japan’s Self-Defense Forces to provide considerable logistical support to the U.S. sponsored wars in the region. Without that support, it is unlikely the U.S. will have enough money or military might to continue the wars.
Since this follows UK Prime Minister Brown’s vow to remove British troops with or without U.S. approval, it will mean the Bush regime has lost its last big war allies. Brown also publicly rebuked Bush during a recent visit by doing such things as pointedly refusing to take home a souvenir he was given.
There are also signs the Japanese election was manipulated behind the scenes to promote a Democratic Party victory in Japan. Just before the election, the Japanese mainstream media suddenly began reporting heavily about a pension scandal the JDP has been talking -unreported- about for at least 5 years. This was crucial for their victory. We may see a general election as early as this fall, followed by the birth of a JDP government and an end to the post-war Japanese regime. It could be a sign of diminished Rockefeller influence in Japan. However, it is not a sign of diminished illuminati control of Japan since Ozawa is himself a Freemason.
Despite the positive developments, the biggest worry is all the public hints about a new “terrorist attack” on the U.S. to be used as an excuse to trigger martial law. However, such an attack at this time “would fool nobody,” the sources said. Many U.S. citizens might be fooled but no other government in the world would believe it. “The secret government knows they cannot use their old tricks anymore,” the sources said.
The Chinese secret societies meanwhile, are watching carefully for any sign of new attempts to spread disease or otherwise carry out genocidal attacks. They only give one warning and have now initiated a news blackout. I am not in the loop about what they would do if a new breach was found but, they did say whatever action they took would be “unpredictable and worse than expected.”
At the same time, an anti-Rothschild alliance has been formed in Tokyo. They warn that the entire Bush regime was probably set up as a “bad cop” to scare people in the arms of the EU “good cop.” They say there may be other surprises, possibly including a fake UFO invasion that Henry Kissinger hinted at during the 1991 Bilderberg meeting. “We will have to look at least four or five steps ahead in order to keep on top of these people,” the alliance says.
So far, the EU only consists of governments that are controlled in secret by the Rothschilds etc. (Turkey is also a Rothschild fief). Their secret parliament, the Bilderbergers, have already shown they are racist by refusing to allow any Japanese to join. As a result, any effort to turn the EU into the base of a world government is doomed to fail.
The anti-Rothschild alliance, (with the discreet backing of the Chinese secret societies), will be contacting leaders of Russia, China, India, the Muslim countries, South America, Africa etc. to create a global alliance that will demand a new way of running the planet.
The UN Security Council will have to be replaced with a new grouping that more accurately represents the people of this planet. As it stands, 4 out of the 5 permanent Security Council members are representatives of Caucasian nations even though only 17% of the world’s people are Caucasian. This global apartheid will have to end.
The world’s financial system will also have to be replaced with a more transparent and equitable system that relies on more than simple human selfish greed as the main incentive for transactions.
Once this is done, a three-year campaign against the five curses of humanity: war, poverty, environmental destruction, ignorance and disease could be carried out. This could be a test case for replacing the Hegelian system of pitting opposite forces against each other in war with a system for people to compete towards agreed upon peaceful goals.
The industries and lobbies that have depended on war and turmoil will have to be given new goals and direction. One possibility would be a long-term campaign to terraform Mars.
People will have to be patient, however. These changes will happen over a period of years, not months. In the meantime, let us see if the autumn surprise appears as promised.
SOURCE:
real6
11-08-2009, 06:27 PM
Wilfredo Saurin
From
True US History
Whistleblower: Response on Rumor Mill News re "DG's" Remarks on the $134.5B in Bonds
By Whistleblower: An agent of the OITC
Jul 12, 2009, 21:35
DG:
Please consider: REFERENCING THE VALIDITY OF CERTAIN DOCUMENTS CARRIED BY WILFREDO SAURIN AND HIS COMRADE
Date: Friday, 10-Jul-2009 15:05:03
'I do not desire to discredit Benjamin Fulford on the contents of his posting because much of what Benjamin states, in his postings, has real foundation.
However, I feel that on this one there is a little confusion, probably in the way Benjamin’s informant relayed this to Benjamin, which has resulted in the mixing of information within itself.
The first thing for me to say is that I will stick solidly to the content of my previous posting on this as it was based upon real documented intell information made available to us, which was further supported by Reuters, the first news service who released the story publicly and the Italian Police statement
Both Reuters and the Italian Police clearly stated that the persons involved were Japanese. On this issue, there is a big difference in visible characteristics between Japanese and Filipino, whereby I am of the opinion that the Immigration Police and Financial Police of Italy, after viewing of the passports of these two persons and from visible inspection, would not be confused as to the Nationality of these two people. If it was Chinese as to Japanese I could understand some confusion, but Filipino as to Japanese is as different as chalk and cheese especially if you look at the photographs posted. The information we have on the Japanese is from official intell sources which does in fact coincide with the statements of the Italian Police and Reuters.
That being said, I did state that there was a third person (There may have been others) with these two Japanese who was carrying a Diplomatic Passport and that the two Japanese were under Diplomatic protection. We still do not know who that third person is, as the names of Diplomatic passport holders are rarely released until the applicable country authorizes such a release of information.
Let me now refer to Wilfredo Saurin. We are fully aware of Wilfredo Saurin and of the fact that for many years he has attempted to utilize instruments such as the 1933/34 FR Bonds and other assets that he obtains from his many contacts in the Philippines. Yes, Wilfredo Saurin is Filipino as are many of his associates, but Wilfredo Saurin lives, and has done for many years, in Bangkok.
I stated in my previous post on this that the two Japanese did actually stay in Bangkok for a period of 2 weeks before traveling on to Italy on an Alitalia flight.
It may therefore be practical and possible that the two Japanese made contact with Wilfredo Saurin in Bangkok, and obtained the FR Bonds during that contact time. It may also be that Wilfredo Saurin flew with the Japanese to Italy, but he does not have a Diplomatic Passport. This is only my opinion as we do not yet have any information that would support this, but logically it makes sense.
We are also aware that in approximately 2004/5 Wilfredo Saurin claims he holds a letter from the Federal Reserve granting him appointed, by the Federal Reserve, to handle the assets of the Collateral Accounts.
I have not seen this letter, but one of our officers has. We can not state whether this is a forgery, fake, or actually real.
If real, it brings into question many issues, the main one being that the Federal Reserve hold no authority whatsoever over the Collateral Accounts or any part thereof, so what are they doing issuing a Letter of Authority to a person, no matter who that person is, granting such authority. The Federal Reserve know very well who the Legal Heir and Owner is of the Collateral Accounts, and they also know that legally they are obliged to undertake the instructions of the Legal Heir and Owner of the Collateral Accounts, failure of which would be construed as fraudulent activity on the part of the Federal Reserve. To supplement that point, Wilfredo Saurin is not engaged by the OITC and does not hold any authority issued by the Legal Heir and Owner of the Collateral Accounts.
If the aforementioned letter is fake, then it compliments the illicit activities of these people, or the people involved.
Wilfredo Saurin also claims that he is the legal Heir of the Sultan of Sulu, being the son born to one of the previous Sultan’s Filipino wives. Whether this is true or not I have no idea and wouldn’t waste my time on researching this based upon the person involved.
In respect of DG’s comments
a). In order for Bernanke and Smith to sign for a ‘bank instrument confirmation’ they would need to have possession of the original instrument, which this confirmation letter is based upon?
If they had the original instrument(s), the US Treasury Notes of 1933/34, then they have committed fraud (goes without saying, but I said it).
I could not agree more with this comment. Bernanke and Smith would be fully aware of who the real owners were of these instruments (1933/34 FR Bonds), and should have confiscated them immediately upon receipt. There again, we are use to the fraudulent activities of the Federal Reserve, both generally and in respect of assets of the Collateral Accounts, so what is claimed they did is not surprising or unusual as far as we are concerned.
b). If you read this article here: you will find that Saurin has been known to do this in the past as well. So what we have here is a classic money laundering case involving the Federal Reserve.
Not only Money Laundering, but Fraud, Wire Transfer Fraud, Criminal Deception, and all by what should be a respectable institution working under the rules of the BIS in the protection and stable operation of the country’s financial system. I believe Bernanke and Smith have actually incited a criminal action, been part of it, and on the basis on issuing that Letter of Confirmation (if real) have actually self confessed to the crime.
c). The Federal Reserve Bank instrument confirmation letter refers to two US Treasury cheques numbers. Are these separate instruments from those confiscated in Italy? Or are they instruments layered against the US
Treasury notes 1933/34 confiscated in Italy?
Confusion here. The Federal Reserve confirmation Letter refers to US Treasury Cheques. Wait a minute, the Federal Reserve is in no position to confirm US Treasury Cheques,. Confirmation should be through the US Treasury. Two separate legal entities, one a private organization (Federal Reserve) and the other being a Government Authority / organization (US Treasury). That smells worse than a mountain of raw sewage.
As a guess, irrespective of the above but based upon knowledge and experience, I would say that to cover up the illegal use of the 1933/34 FR Bonds, other instruments would be issued against them and then a bank somewhere would receive Swift verification from the Federal Reserve (acting on behalf of the US Treasury as their Client), enabling the Bank, once verified, to issue a credit line against the new instruments.
d). The letter is dated May 11, 2006. Have the funds made available to Raiffeisen Bank beneficiary Matthias Supersberger been utilized in any manner? For example, an illegal bank-trading program, sometimes referred to as High Yield Investment Program (HYIP)? If they have, Leo Wanta would be impressed.
More than likely based upon our knowledge of how these frauds work. Supersberger ……. Sounds like something out of McDonalds rather than a legitimate person. I would certainly investigate that factor.
e). Benjamin Fulford makes the claim that the managers of the new financial system will utilize these funds for the ending of wars and other humanitarian projects? These funds may have been generated in an illegal manner using the fiat system. Since it is the goal of many that the new system is gold backed, why would a fiat currency be used in this manner? Any comments?
If Benjamin is referring to the proposed new Financial System that we have designed, I can say that we do not need to even think about trading and using the funds accordingly. The assets of the Collateral Accounts would cover what was required, hundreds of times over, and still leave substantial change on account.
I can only assume therefore that some Chinese Group that Benjamin knows about is also proposing a new Financial System using some assets somewhere to generate further funds out of “Trading” to support their proposals.
Excuse me, but that is not what “Trading Programs’ are for. If that is the case, then bring on the IMF and World Bank who are desperate for money and have just received, or about to receive, and extra $500 bill USD in “TAXPAYERS” money to support them. Let them use the “Trading Programs” instead of always putting the onus on the “TAXPAYER”
Even if such “Programs” were allowed for such use, the generated funds would be “Fiat” money with no intrinsic value or backing, which in turn would only support the existing “Fiat” Financial System which all of us appreciate is structurally destroyed and generally beyond repair.
Maybe that is exactly what Bernanke / US Government, is trying to do. Support the existing dysfunctional system by illegal means using someone else’s assets through “Trading Programs”, thus protecting the Federal Reserve and its elitist / banking supporters as well as a Financial System that is corrupt and benefits only a very small portion of society.
-----------------------------------------------------------------------------------
There is so much going on behind the scenes at the moment that no one knows what new Fairy Tales the Federal Reserve and US Government are going to come up with next.
It’s like the recent G8 communiqué and Obama’s visit to Ghana. Suddenly there is going to be a few billion USD thrown around to help Africa support itself by investing in Agriculture, etc. That is in 2009, when in 2005 our proposals for Africa submitted to the G8 were discarded and ignored. Those proposals would have seen $900 bill USD injected into Africa by the OITC whereby many countries would be well on their way to recovery by now, but no, the Politicians must have their way and get their “Brownie Points” for re-election next time.
Regards
WHISTLEBLOWER'
el jefe
11-08-2009, 06:28 PM
Holy crap
real6
11-08-2009, 06:31 PM
Holy crap
Whats up?
real6
11-08-2009, 06:33 PM
(Update: My articles have been vindicated. After you read the piece below, check out the sixth update to this Cryptogon article on the mystery bonds. The main Cryptogon article was written before my work but the update -- which gloms onto the Filipino connection -- was written afterward, independently. The giveaway was the "1934" date on the bonds. Apparently, when someone tried to pull this trick back in 2005, the bonds amounted to $3 trillion. Those guys on the Italian-Swiss border were pikers. For lots more info (included a damning photo), see my updated post, "Vindication.")
Our previous story on "The Italian job" has gotten stranger.
Before we get to the new stuff, we must recap: Two "Japanese nationals" (who may not actually come from Japan) were caught in Italy just as they were about to take $134.5 billion dollars in bonds into Switzerland. Most of these bonds, we are told, were of such a ridiculously high denomination ($500 million each) as to make them non-negotiable by normal humans. Only states could hope to use such things.
Mystery number 1: What did the "Japanese nationals" hope to do with these instruments?
Mystery number 2: Are the bonds counterfeit or real? If real, Italy stood to gain a windfall -- Italian law allows the government of that country to take 40 percent of the booty.
Mystery number 3: Why has the American press kept mum about a possible swindle that dwarfs the Madoff affair? The Europeans and the Asians are all over it.
Now that we are caught up, here's the latest: This site by Karl Denninger quotes a translated German news article which indicates that the bonds are probably real, or so sayeth the Italians. That clear up Mystery number 2.
Or does it? Recall that the Italians, who are conducting the investigation, have a strong financial stake in the outcome. Below, we will examine good evidence that the bonds are actually outrageous fakes.
Real or fake, just how did the two "Japanese" hope to cash such bonds? Who are these guys? Why are their names being kept out of all news accounts?
One news story -- immediately taken offline -- identified one of the "Japanese" as a notorious con man from the Philippines named Yohannes Riyadi, a.k.a. Wilfredo Saurin, whose associates in international crime are fairly well-known. The other guy may have been his comrade Joseph Daraman. These two men are the right ages, and they both could pass for Japanese. They've been trading in fake documents from the Federal Reserve for years.
A more basic question: Just what ARE these bonds?
Karl Denninger seems to think that we are dealing with bearer bonds. Such bonds are like the bills in your wallet (only lots more compact) -- they bear no record of the transaction. If you possess them, the money's yours. That is, if you can figure out how to cash a $500 million bond, which you probably couldn't.
But are they bearer bonds? The original Italian story referred to the bonds as mostly "Federal Reserve Bonds" plus "Kennedy Bonds." BabelFish it:
Duecentoquarantanove bond della Federal Reserve statunitense per un valore nominale di 500 milioni di dollari ciascuno, più 10 bond Kennedy da 1 miliardo di dollari ciascuno
And now I'm trying to figure out just what these words mean.
Maybe you'll have better luck than I did, but when I looked up the phrase "Kennedy bonds," I encountered no previous usage of that term. The classification almost certainly does not exist.
"Federal Reserve Bond" is a more difficult term. This site offers a discussion of the Italian mystery which includes an eye-opening comment by one sjfan:
I used to trade treasury bonds and cash for several institutions... there's no such thing as "Federal Reserve Bond". It doesn't exist. The fed do not issue their own debt instrument.
Is that claim true? The improper subject-verb agreement does not necessarily mean that we should dismiss what sjfan has to say. I've been researching the term "Federal Reserve Bond" and have found no hard evidence that such an animal has ever stomped the earth. Yes, there are Federal Reserve Notes, which we all know about. But the bonds shown in the photograph are not those.
So what are they? Here's where we enter the land of high strangeness.
I found a surprisingly relevant YouTube video produced by a group of Asian religious fanatics. This video allegedly displays old Federal Reserve Bonds, dug up from an underground stash. You really must watch this video, because it has a direct impact on our tale. Sorry about the annoying music, but at least the Beethoven is nice:
At about the 1:26 mark, you'll see a rather soiled financial instrument that looks an awful lot like the ones pictured in the photo taken of the Italian job. There must be a connection.
So where did these bonds come from? This cache is attributed to "Queen Salvacion A. Legaspi," who, near as I can tell, heads up a cult in the Philippines. As you will recall, we have tentatively identified the two "Japanese" nationals as a pair of notorious high-level Filipino grifters.
And where did the Queen supposedly find all this stuff? I'm dying to hear her tale of treasure and adventure, which I'm sure will be very entertaining.
In a 2007 press release preserved here (but currently missing from her web site), she announced that she was keeping the bonds in a secret location but was willing to give them to President Bush because they were originally issued by the United States, long, long ago. Alas, the press release does not explain how she "found" them. The Queen also says that there are enough $500 million bonds to fill up an airplane.
One comment on the YouTube page refers to these Federal Reserve Bonds as
"...fakes. Not forgeries. Just plain fakes. You can find a lot of those things in the Philippines. From Yamashita's treasure maps to these so-called war bonds."
Side note: Over the past few decades, there have indeed been many maps floating around, allegedly identifying the location of Yamishita's gold, the legendary horde best described by someone doing an expert imitation of Sidney Greenstreet. Think of it! All the gold looted in Asia during World War II! So much gold that acknowledging it would force authorities to double their estimates of how much gold has existed in all of history! And not just gold but silver and jewels and other valuables!
Author Sterling Seagrave, whom I respect, says that the stolen war loot is or was real. Perhaps -- but that does not mean that the maps are real. Many a wild goose has been stalked.
End side note; back to our story. My internet research has uncovered a few references to "Federal Reserve Bonds" of 1934 vintage being stashed in the Philippines. As far as I can tell, these yarns are pure legend. If you know differently, feel free to educate us all.
(Recall that the queen says that she has enough of these $500 million bonds from 1934 to fill up an airplane. Hm. So what was the U.S. gross national product back in 1934...?)
One thing's for sure: Those Filipinos do love their buried treasure stories.
Are you curious to learn more about Queen Legaspi, possessor (printer?) of the bonds? Looks like she's latest incarnation of JC. (He keeps coming back...and back...) If you want to see her in action, she has a couple of silent videos up, here and here. Lo, it is written:
On this anointment as God's Chosen as Manifested on her saga, these collective of events are being put together as a proof of her events as the Anointed Spirit of God, and The Chosen One. In any of all the places she goes, wherever she was, the Tribal Leaders/ Lumads, Religious Organization Leaders, Islamic or Muslim group, had blessed her and appoint her to be their Queen. This all happened unknowingly what is to come in the future.
Translation: She's a toon. But she's a toon with money and political ambition, or so it would appear. A toon like Moon.
Except for this one video, which was produced by a bizarre Asian religious sect, I have seen no visual evidence that Federal Reserve Bonds exist.
The Federal Reserve Bank of New York, in a 2005 announcement, says that
The Federal Reserve is aware of several scams involving high denomination Federal Reserve notes and bonds, often in denominations of 100 million or 500 million dollars, dating back to the 1930s, usually 1934. In each of these schemes, fraudulent instruments are claimed to be part of a long-lost supply of recently discovered Federal Reserve notes or bonds.
The Federal Reserve has never issued any bonds or notes with coupons attached. The Federal Reserve Bank of New York is not aware of any currency or debt stockpile of large denomination Federal Reserve notes from the 1930s and warns that any institution that pays out on such a claim does so at its own risk.
It should also be noted that the largest denomination of currency ever printed by the Bureau of Engraving and Printing was the $100,000 Series 1934 Gold Certificate featuring the portrait of President Wilson.
Okay, now we're getting somewhere!
The same page offers a warning about Riyadi (a.k.a Saurin), the likely culprit. And this Bloomberg story mentions that the bonds in the Italian cache supposedly date from 1934. (They sure look new in the photo! The ones in the video look aged. That sort of thing can be faked, of course.)
So not only are the bonds captured in Italy a probable hoax, the entire concept of a "Federal Reserve Bond" seems to be a myth. Nevertheless, such bonds did become a topic of discussion recently, within a section of the blogosphere not normally traversed by Cannonfire readers. On Lew Rockwell's site, one Michael Rozeff claims that
Rumor has it that the Federal Reserve is considering selling bonds. The legality is in question. Leaving that aside, why would the Fed do such a thing? If it did, how would such a thing work? What would be its effects?
Rozeff goes on from there, and it's all pretty interesting. But he speaks of the Federal Reserve Bond as a theoretical construct. Such things do not yet exist -- and may never exist, since they are probably not allowed by the law which created the Federal Reserve.
So: What are our options? Can we cobble together a revised theory of the Italian mystery, based on all of this additional information?
1. The Italian news story got it wrong. They used the term "Federal Reserve Bond" incorrectly; the financial instruments are actually bearer bonds.
This theory has one big problem: That damned video! The bonds captured by the Italians look exactly like the bonds pictured in the video, and they are clearly marked "Federal Reserve Bonds." The bonds in the video -- which has a terribly unpersuasive provenance -- are probably fake.
Yet the Italian authorities (according to the German article) lean toward the theory that these bonds are not counterfeit. Not only that: In their first press release, the Italians said that the bonds were virtually indistinguishable from the real thing. How could they make such a claim if Federal Reserve Bonds do not even exist?
2. The bonds are real. Maybe there is such a creature as a Federal Reserve Bond. It's not just a theoretical possibility; they've been around for decades. But they are traded on a very august level, far from the sight of we ordinary mortals. Thus, there is no mention of this type of bond in Wikipedia or on any other "respectable" web site. The Federal Reserve of New York is lying when it claims that such bonds do not exist.
Is that theory possible? If you say "Yes," then perhaps you also think that space lasers destroyed the twin towers.
3. "We got a great big con-job; ain't it a beautiful sight?" Our pals Wilfredo and Joseph decided to put together their own cache of fake financial instruments, probably using the same printing press which "Queen Salvacion A. Legaspi" used. Why? Perhaps their intent was not to negotiate the bonds but to use them to fleece the gullible. There are lots of ways a con artist can cause mischief if he can convince a dupe that he (the conster) has a lot of money.
So why did the Italians say that the bonds are indistinguishable from real?
As noted earlier, under Italian law, the government gets-a to keep-a 40 percent-a da money -- if the bonds are genuine financial instruments.
Maybe Berlusconi somehow got wind of what Wilfredo and Joe-Joe were up to -- hey, SISMI is not entirely useless -- and decided to turn the situation to his advantage. Maybe he decided to put the bonds in a bank and simply credit the money to a government account. (Berlusconi to bank officer: "These bonds are real. You want proof? My pal Vito the leg-breaker will give you proof.") Like magic, fake money becomes genuine coin.
But is such a thing possible? Could Silvio Berlusconi falsely label fake bonds real, stash them in a government bank account, and then start singing the Italian version of "We're in the money"?
Again, it all seems highly unlikely. Of course, Silvio's whole life has been one massive experiment in unlikelihood.
By the way: Our Randroid "friend" Pam Geller feels certain that she knows who the real culprits are: The Norks! (That is, the North Koreans.) She has, of course, zero evidence for this assertion. So far, the evidence tends to point to the Filipino underworld. But if you enjoy baseless accusations, it's "Wham, bam, thank you Pam!"
Please do me a favor and spread word about this post. Although the Italian job has engendered a lot of blogosphere speculation, no other site known to me has put together as much of the story as you'll see here. (Things may be different in a few hours, of course.) Incidentally, a Daily Cheeto diary made mention of this story. That post, along with six comments, has now been pulled. Why? You tell me!
real6
11-08-2009, 06:39 PM
Benjamin Fulford writes:
************************************************** *************************
Re: from Whistleblower: RESPONSE TO DG's REMAR....
There has been so much contradictory information about the "Japanese" with the $134.5 billion that it is hard to sort the wheat from the chaff.
What I hear from three sources directly involved (a Japanese military intelligence agent(A), an Italian Treasury Police agent(B), and an MI6 guy involved (C) when they are not contradicting each other is
1) They had legitimate Japanese diplomatic passports and were let go
2) The bonds were real
3) The letters from the Fed were real
Where the sources contradict each other is the amount. A and B both say it was $134.5 billion while C says it is $500 billion.
Also the nationalities A wont comment, B says the arrested men claimed to work for Japanese and Chinese military intelligence C says they are Philippino and Chinese conned by the Federal Resrve
Board.
My own gut feeling is that the whole operation was just the latest in Federal Reserve Board/D.C. corporation scams to keep their whole corrupt enterprize going.
One of my best sources says everything will go haywire starting around September 30th of this year.
************************************************** *************************
Reader Jack offers:
************************************************** *************************
Re: from Whistleblower: RESPONSE TO DG's REMAR....
Dear Hobie,
Just read the post from 'Whistleblower' re. the bonds confiscated in Italy. One paragraph in W. commentary on Ben Fulford's assessment caught my attention:
Maybe that is exactly what Bernanke / US Government, is trying to do. Support the existing dysfunctional system by illegal means using someone else?s assets through ?Trading Programs?, thus protecting the Federal Reserve and its elitist / banking supporters as well as a Financial System that is corrupt and benefits only a very small portion of society.
This is exactly what Christopher Story has been saying since May 2006 when he first started reporting on the so-called 'Wanta Plan'.
As you Yanks are fond of saying: 'Wake up, people! What on earth else could it be!'
Wanta Plan:
el jefe
11-08-2009, 06:42 PM
Bernanke’s latest check has bounced but, as mentioned before, things will drag on to the September 30 secret fiscal year end then all hell will break out as the financial world, takes a ninety degree down-turn . The information above comes from very highly placed sources.
Did you see this?
Washington -- U.S. Treasury Secretary Timothy Geithner asked Congress to increase the $12.1 trillion debt limit on Friday, saying it is "critically important" that they act in the next two months.
Mr. Geithner, in a letter to U.S. lawmakers, said that the Treasury projects that the current debt limit could be reached as early mid-October. Increasing the limit is important to instilling confidence in global investors, Mr. Geithner said.
Another source I read he said we wont make it to October:eek:
real6
11-08-2009, 06:46 PM
Did you see this?
Washington -- U.S. Treasury Secretary Timothy Geithner asked Congress to increase the $12.1 trillion debt limit on Friday, saying it is "critically important" that they act in the next two months.
Mr. Geithner, in a letter to U.S. lawmakers, said that the Treasury projects that the current debt limit could be reached as early mid-October. Increasing the limit is important to instilling confidence in global investors, Mr. Geithner said.
Another source I read he said we wont make it to October:eek:
Damn they are really fucking buggin now :)
I missed this, thanks :)
They want to leave this country with nothing and its people. Perpetual debt...
yozhik
11-08-2009, 09:25 PM
Let me apologise in advance for doing nothing more than a cut'n'paste job with this post, but I have my reasons. :)
This forum gets so "busy", with so many important pieces in the puzzle available at any one time, it is often very easy - too easy - to overlook vital clues.
This $134.5 Billion in bonds is really just the tip of the iceberg ... literally ... with the world financial markets the Titanic sailing directly for it's inevitable demise.
Here is a collection of "pieces to the puzzle" which whilst not directly related to the "Italian Job", ARE relevant to Treasury Bonds and the activities of the world players. To fully comprehend where we are in this crisis and to comprehend where we are headed, it is important to read this, absorb this and extrapolate ...
Just to put some perspective on this $ figure and to also bring a different perspective on the whole issue of bonds and the credit crunch, the following quote (taken from the 9/11 Forum) is incredibly sobering.
According to various distinguished sources including the Bank for International Settlements (BIS) in Basel, Switzerland — the central bankers’ bank — the amount of outstanding derivatives worldwide as of December 2007 crossed USD 1.144 Quadrillion, ie, USD 1,144 Trillion. The main categories of the USD 1.144 Quadrillion derivatives market were the following:
1. Listed credit derivatives stood at USD 548 trillion;
2. The Over-The-Counter (OTC) derivatives stood in notional or face value at USD 596 trillion and included:
a. Interest Rate Derivatives at about USD 393+ trillion;
b. Credit Default Swaps at about USD 58+ trillion;
c. Foreign Exchange Derivatives at about USD 56+ trillion;
d. Commodity Derivatives at about USD 9 trillion;
e. Equity Linked Derivatives at about USD 8.5 trillion; and
f. Unallocated Derivatives at about USD 71+ trillion.
Whilst outstanding derivatives are notional amounts until they are crystallised, actual exposure is measured by the net credit equivalent. This is normally a lower figure unless many variables plot a locus in the wrong direction simultaneously. This could be because of catastrophic unpredictable events, ie, “Black Swans”, such as cascades of bankruptcies and nationalisations, when the net exposure can balloon and become considerably larger or indeed because some extremely dislocating geo-political or geo-physical events take place simultaneously. Also, the notional value becomes real value when either counterparty to the OTC derivative goes bankrupt. This means that no large OTC derivative house can be allowed to go broke without falling into the arms of another. Whatever funds within reason are required to rescue failing international investment banks, deposit banks and financial entities ought to be provided on a case by case basis. This is the asymmetric nature of derivatives and here lies the potential for systemic risk to the global economic system and financial markets if nothing is done.
Let us think about the invisible USD 1.144 quadrillion equation with black swan variables — ie, 1,144 trillion dollars in terms of outstanding derivatives, global Gross Domestic Product (GDP), real estate, world stock and bond markets coupled with unknown unknowns or “Black Swans”. What would be the relative positioning of USD 1.144 quadrillion for outstanding derivatives, ie, what is their scale:
1. The entire GDP of the US is about USD 14 trillion.
2. The entire US money supply is also about USD 15 trillion.
3. The GDP of the entire world is USD 50 trillion. USD 1,144 trillion is 22 times the GDP of the whole world.
4. The real estate of the entire world is valued at about USD 75 trillion.
5. The world stock and bond markets are valued at about USD 100 trillion.
6. The big banks alone own about USD 140 trillion in derivatives.
7. Bear Stearns had USD 13+ trillion in derivatives and went bankrupt in March. Freddie Mac, Fannie Mae, Lehman Brothers and AIG have all ‘collapsed’ because of complex securities and derivatives exposures in September.
8. The population of the whole planet is about 6 billion people. So the derivatives market alone represents about USD 190,000 per person on the planet.
Original post in 9/11 Forum ()
This bond market and derivative bubble has still not come to the surface. Consider this;
While there is much talk of a recovery on the horizon, commentators are forgetting some crucial aspects of the financial crisis. The crisis is not simply composed of one bubble, the housing real estate bubble, which has already burst. The crisis has many bubbles, all of which dwarf the housing bubble burst of 2008. Indicators show that the next possible burst is the commercial real estate bubble. However, the main event on the horizon is the “bailout bubble” and the general world debt bubble, which will plunge the world into a Great Depression the likes of which have never before been seen.
Original post ()
So, back to "Treasury Bonds" ... again, from another thread;
The Fed chief is sticking it to the American people big-time and no one seems to have any idea of what's really going on. Former hedge fund manager Andy Kessler sums it up in a recent Wall Street Journal article, "The Bernanke Market". Here's a clip:
"By buying U.S. Treasuries and mortgages to increase the monetary base by $1 trillion, Fed Chairman Ben Bernanke didn't put money directly into the stock market but he didn't have to. With nowhere else to go, except maybe commodities, inflows into the stock market have been on a tear. Stock and bond funds saw net inflows of close to $150 billion since January. The dollars he cranked out didn't go into the hard economy, but instead into tradable assets. In other words, Ben Bernanke has been the market."
What does it mean?
It means the revered professor Bernanke figured out a way to circumvent Congress and dump more than a trillion dollars into the stock market by laundering the money through the big banks and other failing financial institutions. As Kessler suggests, Bernanke knew the liquidity would pop up in the equities market, thus, building the equity position of the banks so they wouldn't have to grovel to Congress for another TARP-like bailout. Bernanke's actions demonstrate his contempt for the democratic process. The Fed sees itself as a government-unto-itself.
Over at Zero Hedge, Tyler Durden did the math and figured that the recent 45% surge in the S&P 500 had nothing to do with the fictional economic "recovery", but was just more of the Fed's hanky panky. Durden noticed that the money that's been sluicing into stocks hasn't (correspondingly) depleted the money markets. That's the clue that led him to the truth about Bernanke's 6 month stock rally.
"Most interesting is the correlation between Money Market totals and the listed stock value since the March lows: a $2.7 trillion move in equities was accompanied by a less than $400 billion reduction in Money Market accounts!
Where, may we ask, did the balance of $2.3 trillion in purchasing power come from? Why the Federal Reserve of course, which directly and indirectly subsidized U.S. banks (and foreign ones through liquidity swaps) for roughly that amount. Apparently these banks promptly went on a buying spree to raise the all important equity market, so that the U.S. consumer who net equity was almost negative on March 31, could have some semblance of confidence back and would go ahead and max out his credit card. Alas, as one can see in the money multiplier and velocity of money metrics, U.S. consumers couldn't care less about leveraging themselves any more."
So, the magical "Green Shoots" stock market rally was fueled by a mere $400 billion from the money markets. The rest ($2.3 trillion) was main-lined into the market via Bernanke's quantitative easing (QE) program, of which Krugman and others speak so highly.
Wouldn't you like to know if Bernanke sat down with G-Sax and JPM executives and mapped out the details of this swindle before the printing presses ever started rolling?
So, how long can this kind of fakery go on before our creditors grow weary of dealing with chiselers and stop buying US Treasuries altogether? Here's a blurp from Friday's Wall Street Journal on that very topic:
"Shaky auctions of Treasury notes this week reignited concerns about whether the government can attract buyers from China and elsewhere to soak up trillions in new debt.
A fuse was lit this week when traders noted China's apparent absence from direct participation in two Treasury bond auctions. While China may have bought Treasurys just before the auctions, market participants read the country's actions as a worrying sign that China and other foreign investors may be ratcheting back purchases at a time when the U.S. is seeking to fund a $1.8 trillion budget deficit.
This week alone, the U.S. deluged the bond market with more than $200 billion in record-size sales. The U.S. has had little trouble finding buyers in recent months. But that demand is fading, and the Treasury market has become volatile."
Original post (thread starter) ()
This information, along with everything else available, throws a different spotlight onto the $134,5 Billion in Treasury Bonds ...
breezinreezin
11-08-2009, 09:55 PM
Let me apologise in advance for doing nothing more than a cut'n'paste job with this post, but I have my reasons. :)
This forum gets so "busy", with so many important pieces in the puzzle available at any one time, it is often very easy - too easy - to overlook vital clues.
This $134.5 Billion in bonds is really just the tip of the iceberg ... literally ... with the world financial markets the Titanic sailing directly for it's inevitable demise.
Here is a collection of "pieces to the puzzle" which whilst not directly related to the "Italian Job", ARE relevant to Treasury Bonds and the activities of the world players. To fully comprehend where we are in this crisis and to comprehend where we are headed, it is important to read this, absorb this and extrapolate ...
Just to put some perspective on this $ figure and to also bring a different perspective on the whole issue of bonds and the credit crunch, the following quote (taken from the 9/11 Forum) is incredibly sobering.
This bond market and derivative bubble has still not come to the surface. Consider this;
So, back to "Treasury Bonds" ... again, from another thread;
This information, along with everything else available, throws a different spotlight onto the $134,5 Billion in Treasury Bonds ...
I'd love to be able to comprehend this post, but I'm afraid I'm going to need an idiots guide to do so, my eyes kept glazing over. What the bottom line?
yozhik
11-08-2009, 10:08 PM
I'd love to be able to comprehend this post, but I'm afraid I'm going to need an idiots guide to do so, my eyes kept glazing over. What the bottom line?
Hmmm ... bottom line?
While we're worrying about $134.5 Billion in the "Italian Job" bonds, or sweating over the Fed's $24 Trillion in bailout activity ... as a result of the Real Estate Bubble bursting (remember "sub prime" mortgages) ... lurking in the shadows, like a behemoth everyone is avoiding, is the (estimated) $1.5 Quadrillion Derivatives and Bond Bubble that could burst at any moment ... and that's not even taking into account the Commercial Real Estate Bubble which hasn't popped (yet).
$1.5 Quadrillion = $1,500 Trillion.
The Bond/Derivatives market is a massive Ponzi scheme ... a cataclysmic house of cards.
real6
11-08-2009, 10:19 PM
Let me apologise in advance for doing nothing more than a cut'n'paste job with this post, but I have my reasons. :)
This forum gets so "busy", with so many important pieces in the puzzle available at any one time, it is often very easy - too easy - to overlook vital clues.
This $134.5 Billion in bonds is really just the tip of the iceberg ... literally ... with the world financial markets the Titanic sailing directly for it's inevitable demise.
Here is a collection of "pieces to the puzzle" which whilst not directly related to the "Italian Job", ARE relevant to Treasury Bonds and the activities of the world players. To fully comprehend where we are in this crisis and to comprehend where we are headed, it is important to read this, absorb this and extrapolate ...
Just to put some perspective on this $ figure and to also bring a different perspective on the whole issue of bonds and the credit crunch, the following quote (taken from the 9/11 Forum) is incredibly sobering.
This bond market and derivative bubble has still not come to the surface. Consider this;
So, back to "Treasury Bonds" ... again, from another thread;
This information, along with everything else available, throws a different spotlight onto the $134,5 Billion in Treasury Bonds ...
Good one. And also how TARP was the same amount that the men had.
el jefe
11-08-2009, 10:51 PM
We have been set up for failure. At least since 1913(Fed Reserve)
breezinreezin
11-08-2009, 11:43 PM
Hmmm ... bottom line?
While we're worrying about $134.5 Billion in the "Italian Job" bonds, or sweating over the Fed's $24 Trillion in bailout activity ... as a result of the Real Estate Bubble bursting (remember "sub prime" mortgages) ... lurking in the shadows, like a behemoth everyone is avoiding, is the (estimated) $1.5 Quadrillion Derivatives and Bond Bubble that could burst at any moment ... and that's not even taking into account the Commercial Real Estate Bubble which hasn't popped (yet).
$1.5 Quadrillion = $1,500 Trillion.
The Bond/Derivatives market is a massive Ponzi scheme ... a cataclysmic house of cards.
OK, I get you. So the bail out was like pulling the gold rings of the dying, then fleeing before the house comes crumbling down on us all.
lightgiver
11-08-2009, 11:48 PM
World War II also allowed the European/American Illuminati to destroy the Japanese Illuminati desires of global domination. The Japanese royal family, represented by Emperor Hirohito, have always been ostracised as non-legitimate by the ruling 13 families. The Japanese claim to be direct descendants of Lemurian purebred Reptilians.
Earth quakes in Tokyo anyone.
real6
12-08-2009, 06:08 AM
[QUOTE=lightgiver;1186695]World War II also allowed the European/American Illuminati to destroy the Japanese Illuminati desires of global domination. The Japanese royal family, represented by Emperor Hirohito, have always been ostracised as non-legitimate by the ruling 13 families. The Japanese claim to be direct descendants of Lemurian purebred Reptilians.
Interesting...
yozhik
13-08-2009, 04:32 PM
OK, I get you. So the bail out was like pulling the gold rings of the dying, then fleeing before the house comes crumbling down on us all.
Pretty much ... yes.
Except, the house isn't crumbling; its a controlled demolition.
rosix
13-08-2009, 04:43 PM
Pretty much ... yes.
Except, the house isn't crumbling; its a controlled demolition.
just like 9/11 :D those with the truly open minds will see the facts - 9/11 involved controlled demolition and so has every 'economic depression' we have experienced the last 100 years at least.
redskywalker
13-08-2009, 07:02 PM
just like 9/11 :D those with the truly open minds will see the facts - 9/11 involved controlled demolition and so has every 'economic depression' we have experienced the last 100 years at least.
absolutely.
real6
13-08-2009, 08:35 PM
Posted in another thread:
[link to ]
"Confirmation of Bank collapse from CIA and international banker"
August 11, 2009
FYI, I had a conversation with my friend in international banking yesterday and tried to warn him about the impending bank holiday and currency exchange. He said that because he works with people at the top (Rothschilds and Rockefellers, etc) he would know if this were true. He did however confirm again that all central banks have been stocking up on the new Amero currency. I encouraged him to check out my info.
Well, I received this in an e-mail from him just a few hours after our phone conversation:
"As to your Bank Holiday information of this morning, the following is from a close CIA connection, the way it will come down is that starting 8/24, groups of banks will be closed in certain regions of the country for a week or so. They will open again, and then other groups of banks in different regions will be closed; and on and on it will go, until all the banks in the country have gone through that process.
The banks will be opened with a new global currency. Indeed the ratio will be 1 to 6, or 1 to 12. Thus, if you had formerly $6M in the Bank, after a ratio of 1 to 6 with the new currency, you will get 1M value in the supposed new legal tender."
Time will tell, but this guy would not lightly say this, and he does have the CIA connections for the info.
My suggestion is that any of you who have much money in the bank might want to consider changing some of it to gold coins, Swiss francs or some other safer currency before the end of August.
Ian2day
13-08-2009, 09:30 PM
Posted in another thread:
[link to ]
"Confirmation of Bank collapse from CIA and international banker"
August 11, 2009
FYI, I had a conversation with my friend in international banking yesterday and tried to warn him about the impending bank holiday and currency exchange. He said that because he works with people at the top (Rothschilds and Rockefellers, etc) he would know if this were true. He did however confirm again that all central banks have been stocking up on the new Amero currency. I encouraged him to check out my info.
Well, I received this in an e-mail from him just a few hours after our phone conversation:
"As to your Bank Holiday information of this morning, the following is from a close CIA connection, the way it will come down is that starting 8/24, groups of banks will be closed in certain regions of the country for a week or so. They will open again, and then other groups of banks in different regions will be closed; and on and on it will go, until all the banks in the country have gone through that process.
The banks will be opened with a new global currency. Indeed the ratio will be 1 to 6, or 1 to 12. Thus, if you had formerly $6M in the Bank, after a ratio of 1 to 6 with the new currency, you will get 1M value in the supposed new legal tender."
Time will tell, but this guy would not lightly say this, and he does have the CIA connections for the info.
My suggestion is that any of you who have much money in the bank might want to consider changing some of it to gold coins, Swiss francs or some other safer currency before the end of August.
The currency is going to be called Acme something. With a ratio of 1 to 10 or even 1 to 100. It is to be used on the international commodity markets instead of the dollar for trading of oil, carbon and grain etc. With nations or established ptb exchanging the fiat currency they hold for it. This fiat currency they exchange will be issued back to the national banks so as to pump more liquidity into the economies of the world. With the price of gold set to fall due to the SA Miners adn constructions workers disputes. Don't place all of your fiat currency in that precious metal. Take some silver as there is a lot less of it on the planet. You never know the new currency may use a silver standard. Ensuring that silver sky rockets in value.
David Icke's Official Forums > Main Forums > Today's News > 2 Japanese Detained with $134 Billion in Bonds
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View Full Version : 2 Japanese Detained with $134 Billion in Bonds
The currency is going to be called Acme something. With a ratio of 1 to 10 or even 1 to 100. It is to be used on the international commodity markets instead of the dollar for trading of oil, carbon and grain etc. With nations or established ptb exchanging the fiat currency they hold for it. This fiat currency they exchange will be issued back to the national banks so as to pump more liquidity into the economies of the world. With the price of gold set to fall due to the SA Miners adn constructions workers disputes. Don't place all of your fiat currency in that precious metal. Take some silver as there is a lot less of it on the planet. You never know the new currency may use a silver standard. Ensuring that silver sky rockets in value.
yozhik
14-08-2009, 08:21 PM
Come on guys, if that happens heads will roll
It seems the US has already introduced a new currency into its commerce ...
Ian2day
14-08-2009, 08:26 PM
This is a global currency switch from US$ to Acmethingy. So if you hold 10 trillion US$ it turns into 10,000 trillion US$ but is expressed as 1 trillion Acmethingy. It can only be used on the international markets by nations, multi nationals, banks, commodity traders and tptb who already hold vast wealth.
The resulting exchange of fiat currency will flow back into the economies of individual countrys. Making there be a lot of hard cash available. Driving a global recovery, but with a switch to sustainable and ecological approaches to business and commerce. Utilising or increasing the use of renewable resources or energy sources.
Focussing on peoples creativity and freedom as a resource to be valued and appreciated. Allowing people to be self sufficient by the provision of fertile land etc. However, still maintaing advances in medicine, health, community, technology and on and on.
Utopia? I'm trying.
tien an
14-08-2009, 09:08 PM
This is a global currency switch from US$ to Acmethingy. So if you hold 10 trillion US$ it turns into 10,000 trillion US$ but is expressed as 1 trillion Acmethingy. It can only be used on the international markets by nations, multi nationals, banks, commodity traders and tptb who already hold vast wealth.
The resulting exchange of fiat currency will flow back into the economies of individual countrys. Making there be a lot of hard cash available. Driving a global recovery, but with a switch to sustainable and ecological approaches to business and commerce. Utilising or increasing the use of renewable resources or energy sources.
Focussing on peoples creativity and freedom as a resource to be valued and appreciated. Allowing people to be self sufficient by the provision of fertile land etc. However, still maintaing advances in medicine, health, community, technology and on and on.
Utopia? I'm trying.
I'll say you're trying...!
I love your positive viewpoint though.
tian an.
el jefe
18-08-2009, 08:00 PM
Just found this site, dont see anything new at 1st glance:
real6
18-08-2009, 08:23 PM
August 13, 2009
The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves. Its value is based on a basket of four key international currencies, and SDRs can be exchanged for freely usable currencies. With a general SDR allocation taking effect on August 28 and a special allocation on September 9, 2009, the amount of SDRs will increase from SDR 21.4 billion to SDR 204.1 billion (currently equivalent to about $317 billion).
The role of the SDR
The SDR was created by the IMF in 1969 to support the Bretton Woods fixed exchange rate system. A country participating in this system needed official reserves—government or central bank holdings of gold and widely accepted foreign currencies—that could be used to purchase the domestic currency in foreign exchange markets, as required to maintain its exchange rate. But the international supply of two key reserve assets—gold and the U.S. dollar—proved inadequate for supporting the expansion of world trade and financial development that was taking place. Therefore, the international community decided to create a new international reserve asset under the auspices of the IMF.
However, only a few years later, the Bretton Woods system collapsed and the major currencies shifted to a floating exchange rate regime. In addition, the growth in international capital markets facilitated borrowing by creditworthy governments. Both of these developments lessened the need for SDRs.
The SDR is neither a currency, nor a claim on the IMF. Rather, it is a potential claim on the freely usable currencies of IMF members. Holders of SDRs can obtain these currencies in exchange for their SDRs in two ways: first, through the arrangement of voluntary exchanges between members; and second, by the IMF designating members with strong external positions to purchase SDRs from members with weak external positions. In addition to its role as a supplementary reserve asset, the SDR, serves as the unit of account of the IMF and some other international organizations.
Basket of currencies determines the value of the SDR
The value of the SDR was initially defined as equivalent to 0.888671 grams of fine gold—which, at the time, was also equivalent to one U.S. dollar. After the collapse of the Bretton Woods system in 1973, however, the SDR was redefined as a basket of currencies, today consisting of the euro, Japanese yen, pound sterling, and U.S. dollar. The U.S. dollar-value of the SDR is posted daily on the IMF’s website. It is calculated as the sum of specific amounts of the four currencies valued in U.S. dollars, on the basis of exchange rates quoted at noon each day in the London market.
The basket composition is reviewed every five years by the Executive Board to ensure that it reflects the relative importance of currencies in the world’s trading and financial systems. In the most recent review (in November 2005), the weights of the currencies in the SDR basket were revised based on the value of the exports of goods and services and the amount of reserves denominated in the respective currencies which were held by other members of the IMF. These changes became effective on January 1, 2006. The next review will take place in late 2010.
The SDR interest rate
The SDR interest rate provides the basis for calculating the interest charged to members on regular (non-concessional) IMF loans, the interest paid and charged to members on their SDR holdings, and the interest paid to members on a portion of their quota subscriptions. The SDR interest rate is determined weekly and is based on a weighted average of representative interest rates on short-term debt in the money markets of the SDR basket currencies.
SDR allocations to IMF members
Under its Articles of Agreement, the IMF may allocate SDRs to members in proportion to their IMF quotas. Such an allocation provides each member with a costless asset. However, if a member’s SDR holdings rise above its allocation, it earns interest on the excess; conversely, if it holds fewer SDRs than allocated, it pays interest on the shortfall.
There are two kinds of allocations:
General allocations of SDRs. General allocations have to be based on a long-term global need to supplement existing reserve assets. Decisions to allocate SDRs have been made three times. The first allocation was for a total amount of SDR 9.3 billion, distributed in 1970-72 in yearly installments. The second allocation, for SDR 12.1 billion, was distributed in 1979–81 in yearly installments.
The third general allocation was approved on August 7, 2009 for an amount of SDR 161.2 billion and will take place on August 28, 2009. The allocation would mean a simultaneous increase in eligible members’ SDR holdings and in their cumulative SDR allocation by about 74.13 percent of their quota.
Special allocations of SDRs. A proposal for a special one-time allocation of SDRs was approved by the IMF’s Board of Governors in September 1997 through the proposed Fourth Amendment of the Articles of Agreement. Its intent is to enable all members of the IMF to participate in the SDR system on an equitable basis and correct for the fact that countries that joined the Fund after 1981—more than one-fifth of the current IMF membership—have never received an SDR allocation. This allocation would increase members' cumulative SDR allocations by SDR 21.5 billion using a common benchmark ratio as described in the amendment.
The Fourth Amendment became effective for all members on August 10, 2009 when the Fund certified that at least three-fifths of the IMF membership (112 members) with 85 percent of the total voting power accepted it. On August 5, 2009, the United States joined 133 other members in supporting the Amendment. The special allocation will be implemented on September 9, 2009.
Select the Report
Representative Rates for Selected Currencies
These rates, normally quoted as currency units per U.S. dollar, are reported daily to the Fund by the issuing central bank. Rates are normally reported for members whose currencies are used in Fund financial transactions (see Financial Transaction Plan).
SDRs per Currency unit (e.g. $ 1.00 = 0.67734 SDR)
These rates are the official rates used by the Fund to conduct operations with member countries. The rates are derived from the currency's representative exchange rate, as reported by the issuing central bank, and the SDR value of the U.S. dollar rounded to six significant digits.
Currency units per SDR (e.g. $ 1.47638 = 1 SDR)
This rate, which are not used in Fund transactions, is the reciprocal of the SDR per currency unit rate, rounded to six significant digits.
real6
18-08-2009, 08:25 PM
Special Drawing Rights (SDRs) are potential claims on the freely usable currencies of International Monetary Fund members. SDRs have the ISO 4217 currency code XDR.
Definition
SDRs are defined in terms of a basket of major currencies used in international trade and finance. At present, the currencies in the basket are, by weight, the United States dollar, the euro, the Japanese yen, and the pound sterling. Before the introduction of the euro in 1999, the Deutsche Mark and the French franc were included in the basket. The amounts of each currency making up one SDR are chosen in accordance with the relative importance of the currency in international trade and finance. The determination of the currencies in the SDR basket and their amounts is made by the IMF Executive Board every five years.
The exact amounts of each currency in the basket, and their approximate relative contributions to the value of an SDR, in the past were and currently are:[1]
Composition of basket (value of 1 XDR)[clarification needed] Period Flag of the United States USD Flag of Germany DEM Flag of France FRF Flag of Japan JPY Flag of the United Kingdom GBP
1981–1985 0.540 (42%) 0.460 (19%) 0.740 (13%) 34.0 (13%) 0.0710 (13%)
1986–1990 0.452 (42%) 0.527 (19%) 1.020 (12%) 33.4 (15%) 0.0893 (12%)
1991–1995 0.572 (40%) 0.453 (21%) 0.800 (11%) 31.8 (17%) 0.0812 (11%)
1996–1998 0.582 (39%) 0.446 (21%) 0.813 (11%) 27.2 (18%) 0.1050 (11%)
Period Flag of the United States USD Flag of Europe EUR Flag of Japan JPY Flag of the United Kingdom GBP
1999–2000 0.5820 (39%) 0.3519 (32%) 27.2 (18%) 0.1050 (11%)
2001–2005 0.5770 (45%) 0.4260 (29%) 21.0 (15%) 0.0984 (11%)
2006–2010 0.6320 (44%) 0.4100 (34%) 18.4 (11%) 0.0903 (11%)
[edit] Purpose
SDRs are used as a unit of account by the IMF and several other international organizations. A few countries peg their currencies against SDRs, and it is also used to denominate some private international financial instruments. For example, the Warsaw convention, which regulates liability for international carriage of persons, luggage or goods by air uses SDRs to value the maximum liability of the carrier.
In Europe, the Euro is displacing the SDR as a basis to set values of various currencies, including Latvian lats. This is a result of the ERM II convergence criteria which now apply to states entering the European Union.
SDRs were originally created to replace Gold and Silver in large international transactions. Being that under a strict (international) gold standard, the quantity of gold worldwide is relatively fixed, and the economies of all participating IMF members as an aggregate are growing, a perceived need arose to increase the supply of the basic unit or standard proportionately. Thus SDRs, or "paper gold", are credits that nations with balance of trade surpluses can 'draw' upon nations with balance of trade deficits.
So-called "paper gold" is little more than an accounting transaction within a ledger of accounts, which eliminates the logistical and security problems of shipping gold back and forth across borders to settle national accounts.
It has also been suggested that having holders of US dollars convert those dollars into SDRs would allow diversification away from the dollar without accelerating the decline of the value of the dollar.[2][3]
[edit] Other uses
SDRs are the basis for the international fees of the Universal Postal Union, responsible for the world-wide postal system.
As a spinoff from the International Postal Union value transfer rules that use the SDR (but via the International Telecommunications Union as sister UN agency) the SDRs unit of value is used to transfer roaming charge files between international mobile telecoms operators and charges for some radio communications.[citation needed]
* However, within the European Union (and Norway, Iceland and Liechtenstein), prices for roaming have been regulated with regular prices specified in Euros instead of SDR. Both the fees paid by the customers to the phone companies, and the fees paid between the companies, are regulated with amounts given in EUR.
SDRs limit carrier liability on international flights (see Montreal Convention, Warsaw Convention), as well as ship owner liability for cargo damages and oil pollution.
[edit] Banking and finance system support
SDR-denominated accounts are, in general, not available from commercial banks.
The African Development Bank's own "currency", the Units of Amount (UA) equal the SDR currency basket.
In late March 2009 Zhou Xiaochuan, governor of the People's Bank of China proposed using the SDR as a worldwide reserve currency in place of the dollar as a way to cope with the multitude of problems associated with the US Dollar and the Euro being used as world reserve currencies.[4][5][6] [7] However, independent economists point out that the SDR is unlikely to emerge as an alternative reserve currency in the foreseeable future. [8] A few of them, in fact, argue that China's proposal may be motivated by political, rather than economic, considerations.[9]
[edit] Value
The value of one SDR in terms of United States dollars is determined daily by the IMF, based on the exchange rates of the currencies making up the basket, as quoted at noon at the London market. (If the London market is closed, New York market rates are used; if both markets are closed, European Central Bank reference rates are used.)
The latest value of the SDR in terms of the US dollar is available from the IMF, updated daily.;
[edit] Potential pitfalls as a reserve currency
There are potential pitfalls of using the SDR as a reserve currency.
* The current SDR is a relatively small basket of currencies, this is both a strong point and weak point of the SDR.
* The US Dollar, Euro and UK Pound are contained in the SDR—these currencies have been losing value against a larger basket of secondary reserve currencies[which?] since the late 2000s recession started in 2007.
* The SDR does not contain the Chinese Yuan, Indian Rupee, Australian Dollar or Canadian Dollar, which are important benchmark or secondary global reserve currencies.
* The lack of global banking support for consumers (that is to say private persons and businesses) for the SDR.
* The possible loss of national sovereignty of the nations involved.[10][11]
* The potential harm of further centralization of power over monetary policy. See inflation.[12][11]
Other important externalities that are being cited by economists[citation needed]
* China's (Gold/Silver/Platinum/Palladium) Reserves are not equivalent in size to the US's.
* India's (Gold/Silver/Platinum/Palladium) Reserves are not equivalent in size to the US's.
* The Gulf States, that is to say the Petrodollar states, have (Gold/Silver/Platinum/Palladium) Reserves that are potentially undersized for the current recessionary conditions.
* Many other nations that could move over to the SDR have (Gold/Silver/Platinum/Palladium) Reserves that are too small for the size and importance of their economies.
[edit] Recent events
No new SDRs had been created between 1981 and the 2008 banking crisis: Only 21.4 billion of them currently exist (equal in value to $31.9 billion).[citation needed] On 2 April 2009, the G-20 authorized the IMF to issue $250 billion in new SDRs to augment the foreign reserves of IMF members and quickly channel resources into emerging economies.[13] Increases in the reserves of some emerging economies will be substantial i.e. South Korea’s will grow by $3.4 billion, India’s by $4.8 billion, Brazil’s by $3.5 billion, Russia’s by $6.9 billion and China's by $7.3 billion.[14]
real6
18-08-2009, 08:27 PM
The World Currency Unit (WCU) is an indexed unit of account (unit of account) that stands for a unit of real global purchasing power. Proposed by Lok Sang Ho of Lingnan University, Hong Kong, it was first intended to be the basis for denominating global bonds, a debt instrument that is issued globally and subscribable by people and institutions around the world. Since each unit by design represents a stable unit of purchasing power, the stipulated interest rate on WCU-denominated bonds represents a real interest rate. In principle, the common denomination of bonds by issuers from different parts of the world using the WCU, as well as the greater transparency of real interest rates, will produce more efficient capital markets, as savers and borrowers around the world converge in their understanding of what each basis point of interest means and are protected against two key sources of uncertainty, namely inflation and exchange loss risks.
Irving Fisher in his 1911 book The Purchasing Power of Money had advised that, to serve as a unit of account, a trusted medium of exchange, and a reliable store of value, the purchasing power of money should be stable. Unfortunately, substances that exist by the bounty of nature, such as gold or silver, cannot have such property since their values fluctuate with changing supply and demand. This is the main motivation behind indexed units of account, of which Robert Shiller of Yale University is a principal proponent.
To be meaningful in terms of stable global purchasing power, a WCU will have to represent a basket of global output. By definition, according to the initial proposal by Ho, the WCU represents the sum of the gross domestic products of key market economies in the world, namely the USA, the Eurozone and UK, Japan, Canada, and Australia. Addition of these GDPs, each in a separate currency, is done by converting all GDPs into US dollar values in the base year.
The sum of these GDPs are then scaled down to equal $100 in the base year. The scaling factor then becomes part of the definition of the WCU, as it defines the size of the GDP basket. It is envisaged that every 5 or 10 years, the WCU can be rebased, with the new series using a new base year spliced to the old series much like consumer price indices with different base years are spliced to form a continuous series.
The nominal value of this unit would rise with inflation in each economy. Moreover, the nominal value of this unit would rise if other currencies represented in the basket appreciate against the US dollar. Savers purchasing such bonds would not only enjoy protection against inflation, but would benefit from the diversification of exchange risks.
The WCU could be used for the pricing of commodities such as oil, precious metals, and agricultural products, which are typically quoted in US dollars. Of course, historical prices of commodities quoted in US dollars could also be converted into prices in WCUs to provide indications on trends in the real prices of these commodities.
See also
* Euro
* Amero
* Afro
(currency)
* ECO
(currency)
real6
18-08-2009, 08:28 PM
Back to the topic at hand. Funny how you don't or can't really find info on the Bonds...
el jefe
18-08-2009, 08:32 PM
Back to the topic at hand. Funny how you don't or can't really find info on the Bonds...
Yep, everything is gone from more than a few weeks ago. It wont let you expand the search reall either. Used to be able to find around 100 news articles on google, now its like 5 or less
Im really interesting in hearing more on this supposed bank holiday/SDR crap
real6
18-08-2009, 11:05 PM
China is Again Buying Long-Term U.S. Treasuries . . . Does That Mean China is Betting on Deflation?
For the first time since the financial crisis started, China is again ramping up purchases of long-term U.S. treasury bonds. Indeed, according to Bloomberg:
China’s holdings of notes and bonds climbed $26.6 billion in June to $617.7 billion, a 4.5 percent increase, while bill holdings fell 25 percent to $158.7 billion, the Treasury’s data showed.
The difference between treasury bills, notes and bonds are the length until maturity:
* Bills are issued for terms less than a year
* Notes are issued in terms of 2, 3, 5, and 10 years
* Bonds are issued in terms of 30 years
Bloomberg also noted:
When the U.S. raised $75 billion last week, a group that includes international investors purchased a record amount of 3- year notes, the biggest share of 10-year notes since 2005 and almost half of the 30-year bonds sold, according to Treasury data.
Some smart people are arguing that this means that China’s head economists believe that deflation will prevail over fears of inflation.
China is Again Buying Long Term U.S. Treasuries . . . Does That Mean China is Betting on Deflation? 290509banner
Why?
Well, on August 14th, Bloomberg quoted the following people talking about a bond rally being tied into lowered inflation expectations:
“The relief over the inflation situation and the slippage in consumer confidence very readily justify the move upwards in the Treasury market,” said Eric Lascelles, chief economist and rates strategist at TD Securities Inc. in Toronto, a unit of Canada’s second-biggest bank. “The economic story is more consistent. The inflation data is bond-bullish.” …
“Inflation will stay tame to surprise-to-the-downside for the rest of the year,” said Alex Li, an interest-rate strategist in New York at Credit Suisse Securities USA LLC, one of the 18 primary dealers that trade with the Fed. “It’s going to be good for the 5- to 7-year sector and longer.”
Treasuries surged yesterday as a report showing an unexpected drop in retail sales suggested inflation remains restrained, helping to spur higher-than-forecast demand at a record $15 billion auction of 30-year bonds.
“The economic recovery will be slow at best, which is more bullish for bonds,” said David Ader, head of U.S. government bond strategy in Stamford, Connecticut at CRT Capital Group LLC.
The argument by some China watchers is that China is following the same trend.
el jefe
19-08-2009, 07:14 AM
What sources have actually released the identity of the 2 men? All news/blogs?
real6
19-08-2009, 03:19 PM
What sources have actually released the identity of the 2 men? All news/blogs?
No one!!!
The only source was that site i found where they had gotten their passport photos and posted them. Other than that. You dont hear about it!!!
real6
31-08-2009, 04:42 PM
real6
31-08-2009, 04:44 PM
Two Japanese men are detained in Italy after allegedly attempting to take $134 billion worth of U.S. bonds over the border into Switzerland …..The dollar is, for better or worse, the core of our world economy and it’s best to keep it …
Source:
Financial News Update August 20, 2009
decim
31-08-2009, 06:10 PM
Someone should make a decent video with all the relevant information in it, upload to yt.
real6
31-08-2009, 06:25 PM
Someone should make a decent video with all the relevant information in it, upload to yt.
That would be a good idea. A little documentary of sort?
elrafaargentino
31-08-2009, 07:45 PM
so, we dont know nothing about what happened
el jefe
31-08-2009, 08:30 PM
so, we dont know nothing about what happened
We have good guesses and identities but no outside source will confirm anything and they never will. This is all over and they dont want to talk about it anymore. So technically we kind of know what happened but we're still at square 1
real6
15-09-2009, 04:04 PM
Are Foreign Purchases of U.S. Treasury Bonds Being Faked?
Everyone knows that the American government is gaming the market for treasury bonds to some extent.
For example, the government has itself bought some U.S. Treasuries.
Some writers, such as Rob Kirby and Ellen Brown, go much further, alleging that Bernanke and the boys have also used hedge funds in the Cayman Islands to secretly buy huge sums of U.S. treasuries using dollars printed by the Federal Reserve, while pretending that independent "Caribbean banks" are doing the buying. See this, this and this. I have no idea whether or not they are right.
Perhaps most dramatically, Keith Fitz-Gerald (Contributing Editor to Money Morning, Investment Director of the Money Map Report and editor of the New China Trader) - who has seemed like a very level-headed guy in the past - is now claiming that the U.S. government has recently changed the rules so that the Fed can itself buy U.S. treasuries but claim that the buyers are foreign:
The U.S. Government wants the public to believe that China, Japan and Europe are still happily buying U.S. debt to fund the American economic turnaround. The only problem is - they're not...
The reality is that the Treasury changed the way U.S. debt is accounted for when purchased on the open market. U.S. debt selling on the open market can be considered as having been sold to "foreigners" even if the purchaser was the Federal Reserve! Voila! A sleight of hand by the U.S. Government, and China and Japan can appear to be buying debt while at the same time selling debt.
If Fitz-Gerald is right, then the story that China was a net seller of U.S. Treasury bonds for the first time ever in June takes on added significance. And the claim that China's bond purchases have increased recently loses credibility.
It is obviously important to quickly either debunk or verify Fitz-Gerald's claim. Can anyone at Treasury or one of the relevant market makers tell us one way or the other?
dolores1
15-09-2009, 08:53 PM
Home land security issue?
?
real6
16-09-2009, 04:12 PM
I wouldn't say this is new news but to a certain degree how you look at it. Found this on another forum board:
The Japanese diet has been dissolved and CIA rule of Japan is coming to an end.
Now that Prime Minister Taro Aso has dissolved the Japanese Parliament there will be no stopping the unraveling of the CIA/Nazi control of post-war Japan. Polls show that 80% of the traitors in the Mori faction will be purged in this election. The new secret government of Japan could have, if it chose to do so, destroyed the opposition Democratic Party of Japan’s chances of winning by cooking up some sort of “scandal.” They have not done so because they plan to create a new party by combining the Democratic Party of Japan with the members of the currently ruling Liberal Democratic Party. The Komeito religious party will then also have to join the new coalition because otherwise they will find themselves under the spotlight for violating the constitutional ban on mixing politics and religion.
After the new government is formed, the US bases on Japanese soil will probably remain until the global transformation of the US military into a more benevolent organization is completed.
Rothschild’s are desperately seeking gold now that they know the Fed is being unwound
We are hearing reports that many members of the Rothschild family, including Tokyo-based Stephan de Rothschild, are desperately seeking to trade toxic financial waste for gold. It is clear they know the US Federal Reserve Board’s days are numbered.
They probably have so much real estate and art treasures to their name that they really do not need that gold. The smarter members of the clan must already have all the gold they will ever need and more stashed away in Swiss banks. Those who could not see the writing on the wall may have to try to do something the rest of us already have to: work for a living.
8/28/09
Will the new Democratic Party of Japan government collapse within a year?
The Democratic Party of Japan government that is expected to take power after the August 30th elections is likely to implode within a year if it does not announce a new financial system for Japan. The Japanese public is placing excess hope on the DPJ government and this hope could quickly turn to bitterness unless truly drastic reforms are carried out. The Japanese government has been de facto bankrupt for several years so unless the DPJ announces a new financial system and a restructuring of the debt, they will not have the money to carry out their plans. Any half measures and timid reforms are likely to just make matters worse.
So, the only way for Japan to return to fast economic growth and prosperity is to carry out reforms at least on the scale of the Meiji reforms that led to the modernization of Japan. The first step would be to close most financial institutions temporarily in order to reboot the nation’s finances. Anybody with more than the １0 million yen covered by deposit insurance in the bank will find they have less money in their accounts when the banks re-open.
If the DPJ government fails to carry out the needed reforms, a right-wing nationalist government will replace it.
8/27/09
Answers to questions from a reader:
Q: People are wondering how the Queen fits in with all this. What her power might be to intervene, is she a player for the Coalition or a part of the Cabal?
A: The queen has been flipping and flopping back and forth but our latest intelligence has it that she fully supports the new financial system and a new Marshall plan for the planet earth.
Q: The Vatican is another question mark. Did you have plans to meet with them; did that happen already?
So far there has only been the meeting with Leo Zagami. However, the pope has come out publicly in support of the new financial system. The Italians also confiscated the $134.5 billion the Federal Reserve was trying to fraudulently launder. So, it seems the Vatican is with the good guys now.
Q: There is a lot of speculation about whether the dollar will be devalued here in America: This along with rumored plans again of a NAU.
A: A dollar devaluation would be equivalent to the US unilaterally defaulting on its debt to the rest of the world: the rest of the world will not allow that to happen. The US could not pull that one off because 90% of dollars ever created are not owned by Americans. Those dollars are now backed by gold. All Fed dollars created after September 11 2008 are not.
Q: Everyone is waiting for the Bank Holiday which has not materialized.
A: Be patient, my sources and other people’s sources still expect something by the end of September but it could be delayed even a bit longer after that date.
Q: Is there going to be immunity for the Presidents and others?
A: It might be a good idea if that is what is necessary to get the cabal to step aside peacefully. However, they have killed a lot of people and there is a lot of anger towards them so I would be very scared if I was one of them.
Q: What about this vaccine? Will this Cabal fall before any of this can be realized?
A: There is no chance whatsoever they will be allowed to carry out genocide by vaccine.
el jefe
23-10-2009, 06:36 PM
Obviously nothing new on this, but I did come across this:
By Sonia Sirletti and Elisa Martinuzzi
Sept. 18 (Bloomberg) -- The U.S. Secret Service is examining more than $100 billion of U.S. government bonds confiscated in northern Italy in August, just two months after $134 billion of allegedly fake securities were seized in a nearby town.
The Secret Service is analyzing whether the bonds taken in August may be counterfeit, said a spokeswoman for the U.S. embassy in Rome. Italy’s financial police in Varese, north of Milan, arrested two individuals carrying the securities in a briefcase, according to a person involved in the case.
The two men currently are in custody as prosecutors in the town of Busto Arsizio carry out their investigation, the person said. The seized notes include securities with face values of $500 million and $1 billion, Italian daily MF reported today, without saying where it got the information.
“There must be a well-organized group behind these alleged crimes,” Fabio Polimeni, a Milan lawyer specializing in counterfeiting cases, said.
Italian authorities seized U.S. treasuries on June 4 with a face value of more than $134 billion from two Japanese travelers attempting to cross into Switzerland. The two men later disappeared and the case is still under investigation. The U.S. government bonds found in the false bottom of a suitcase carried by the men were fake, a U.S. Treasury spokesman said June 18.
“As financial markets become more sophisticated, creative and bigger, we can expect criminal activity to go with it and it’s happening everywhere,” Livia Oglio, a Milan lawyer, said. “The amount seized is phenomenal.”
Since the beginning of the year the police at border stations in Italy have seized 1.7 million euros of genuine money and bonds, and have confiscated more than 100 million euros of bonds that have been determined to be false, according to an Italian finance police statement in July.
To contact the reporter on this story: Sonia Sirletti in Milan at ssirletti@
real6
23-10-2009, 06:51 PM
Obviously nothing new on this, but I did come across this:
Good one. Funny because i've been looking everyday this week for info and nothing :)
real6
12-01-2010, 11:14 PM
Yep, everything is gone from more than a few weeks ago. It wont let you expand the search reall either. Used to be able to find around 100 news articles on google, now its like 5 or less
Im really interesting in hearing more on this supposed bank holiday/SDR crap
I know. You don't hear anything on this anymore.
real6
16-03-2010, 09:57 PM
Damn can't find anything on this anymore. Grrrrrrrrrrrrrrrrrrr
U.S. Authorities Probing $100 Billion of Bonds Seized in Italy
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By Sonia Sirletti and Elisa Martinuzzi
Sept. 18 (Bloomberg) -- The U.S. Secret Service is examining more than $100 billion of U.S. government bonds confiscated in northern Italy in August, just two months after $134 billion of allegedly fake securities were seized in a nearby town.
The Secret Service is analyzing whether the bonds taken in August may be counterfeit, said a spokeswoman for the U.S. embassy in Rome. Italy’s financial police in Varese, north of Milan, arrested two individuals carrying the securities in a briefcase, according to a person involved in the case.
The two men currently are in custody as prosecutors in the town of Busto Arsizio carry out their investigation, the person said. The seized notes include securities with face values of $500 million and $1 billion, Italian daily MF reported today, without saying where it got the information.
“There must be a well-organized group behind these alleged crimes,” Fabio Polimeni, a Milan lawyer specializing in counterfeiting cases, said.
Italian authorities seized U.S. treasuries on June 4 with a face value of more than $134 billion from two Japanese travelers attempting to cross into Switzerland. The two men later disappeared and the case is still under investigation. The U.S. government bonds found in the false bottom of a suitcase carried by the men were fake, a U.S. Treasury spokesman said June 18.
“As financial markets become more sophisticated, creative and bigger, we can expect criminal activity to go with it and it’s happening everywhere,” Livia Oglio, a Milan lawyer, said. “The amount seized is phenomenal.”
Since the beginning of the year the police at border stations in Italy have seized 1.7 million euros of genuine money and bonds, and have confiscated more than 100 million euros of bonds that have been determined to be false, according to an Italian finance police statement in July.
Fraudulent T-Bills / Bonds / CD & GIC Investments
Cons know that certain people will only invest in secure "non-stock" investments so they tailor their scam to mimic government-backed conservative securities.
"Limited Edition" Treasury Securities
Certain foreign individuals and groups are attempting to sell fictitious securities referred to as "Limited Edition" Treasury securities. As part of this scheme broker-dealers and banks are being approached to act as middlemen.
The sales pitch misrepresents the way legitimate U.S. Treasuries may be issued, bought or sold and describes the offering as:
blue bullet point having a term of 10 years,
blue bullet point yielding an annual interest rate of 6%,
blue bullet point requiring a minimum purchase amount of $100 million,
blue bullet point having an initial price of 57% of face value,
blue bullet point having an unspecified offering amount (available for sale until "exhausted"), and
blue bullet point being issued in physical (paper) form.
There is, however, no such security as a "Limited Edition" Treasury security. They are often simply window-dressing for a prime bank or ponzi scam.
The Forms in which Marketable Treasury Securities Exist
Marketable U.S. Treasury securities only exist in three forms: (1) book-entry, (2) bearer, and (3) registered. An overwhelming amount (99.84% of outstanding marketable securities) are in book-entry form which exist not as printed certificates but rather as computer records.
Only .14% exist in bearer form of printed certificate with interest coupons attached but no name on it. Finally, an even smaller percentage (.02% of outstanding marketable securities) exist in registered form with the name of the owner on it. They discontinued the issuance of printed registered securities in 1986.
Scams Involving the Renting or Leasing of Treasury Securities
Cons pretend to "rent" or "lease" Treasury securities which either don't exist or are not even owned by the party making the offer.
If you ask a leasing scam artist to produce the securities or prove ownership, they may be unable to do so and will offer excuses such as "they are frozen at my bank;" "a wealthy philanthropist has assigned them to us to assign to others for infrastructure or humanitarian purposes in third world countries and wishes to remain anonymous;" or "bank secrecy laws of this country prevent such a verification."
Misuse of Public Debt Forms as Evidence of Ownership
Scam artists often misuse documents or forms as "evidence" that they hold the securities and claim that the forms can convey official ownership or title to the securities listed on them.
They will also use a valid CUSIP number of a Treasury security that trades regularly in the market so you can get pricing information and confirm issue of the security. The trouble is that it identifies an entire issue not a particular individual certificate security, nor does it indicate ownership.
They may claim that their fraudulent offering has been certified by an official body such as the International Chamber of Commerce. They may also claim that it is a special issue to the United Nations to pass on to other companies that are willing to do humanitarian and infrastructure projects in developing countries.
U.S. Treasury Bills - One Year "Fresh Cut"
One person who represented himself to be a consultant to lesser-developed or Third World countries offered $500 billion worth of One Year "Fresh Cut" Treasury Bills which did not exist.
"U.S. Dollar Bonds"
Fake bonds, said to have been issued in the 1930's by the CIA to help Chiang Kai-shek fight the communists, and buried in caves by his generals and their heirs for years, have recently been "unearthed".
They are now being fraudulently offered to people at a fraction of their face value.Many inquiries come from West Coast law firms that are checking on the validity of these bonds for clients that reside in China, Singapore and Taiwan.
Most of these fictitious obligations refer to the Ministry of Finance of the United States and the Washington Bank of America neither of which has ever existed.
"Federal Notes" and "Tiger Zebra" Bonds
There are even old $100 bills that have been altered to read "$100 Million Dollars" and bogus coupons printed in a foreign language. The U.S. has never issued "Federal Notes", "Tiger Zebra" Bonds, a security with a denomination of $100 million, or a security with coupons in a foreign language.
"De-facto" Treasury Securities
This term usually appears in offers to assign, rent or lease Treasury securities for a fee, for a certain time period. These securities are bogus for the U.S. has never issued any "de-facto" Treasury securities.
Philippine Victory Notes
Philippine Victory Notes, which were issued in 1944 by the Philippine Government, were for use only in the Philippines, which at the time was a dependency of the United States. After July 30, 1967 they were considered de-monetized or valueless. If these notes are presented to you and purported to have current value today, it is a scam.
Historical Bonds
Historical bonds, such as railway bonds, which were once valid obligations of American corporations, but are now worthless as securities and only collected and traded as memorabilia, are quickly becoming a favorite tool of scam artists who will say that they are "payable in gold" and "backed by the U.S. Government".
Scam artists will sell historical bonds to unsophisticated investors at inflated prices far exceeding their fair value as collectibles. They often use third-party valuations, which state that the bonds are worth millions or billions of dollars each, to do so.
All of these false assertions have been used to defraud investors into paying as much as $150,000 for historical bonds that regularly trade for just $25 in collecting circles.
If you contact the Federal Reserve and discover they won't can cash in your bond for $8 million the con man will say that the Fed simply doesn’t want you to cash it in because if every one did so there would be a run on the bank and the economy of the US would collapse.
They will then suggest that you use their ‘hypothecated value’ of $8 million to play the secret Prime Bank Investment market which you are now eligible for.
Historical bond fraud is now so widespread in the US that the Securities and Exchange Commission recently held a conference in Denver, Colorado to address the problem.
Criminal Desires
Many investors in the financial marketplace are comfortable with CDs and GICs because they understand them to be federally insured. One broker fraudulently marketed Certificate of Deposits (CDs) worth at least $26 million to more than 400 mostly elderly investors by:
blue bullet point offering CD investments without disclosing that investor funds were being pooled to purchase CDs that would remain in the company's name and not that of the investors,
blue bullet point failing to disclose that investors would be charged "up front" commissions of 43%,
blue bullet point failing to disclose that many of the CDs purchased were "zero coupon" CDs which would not reach maturity for 15-25 years and,
blue bullet point failing to disclose that the investors could not sell their interests to anyone else.
The investors in this case were not buying CDs at all, but were in effect investing in CD Services, which was paying them only a fraction of the profit it was making, charging huge undisclosed commissions and using victims' money to buy CDs in its own name.
A Loan With a Groan
The owner of Texas based Abba Funding engineered an investment scheme with a twist involving approximately $9,000,000 from eighty investors, many of whom were senior citizens.
A typical investor paid $100,000 and believed he or she was buying a federally insured $100,000 CD. He would actually use the investors' money to purchase the CD's, but he then used them as collateral for loans made out to him personally which he proceeded to spend. He was able to do this because many investors were deceptively induced to sign a contract naming him as the "Trustee" of their money.
While his newspaper ads stated, "… the CDs purchased from federal banks to secure the Certificate of Deposit Program are insured by the FDIC", his clients' investments were actually only insured by a single private insurance policy which covered just a small amount of their money.
The scheme inserted CDs and bank loans into the scheme but the effect was the same. The victims lost their money when he defaulted on the loans.
Cause I'm The Taxman
Even though he had used his part-time position as a bookkeeper to defraud one business out of almost $28,000 between November 1996 and February 1998 Alberto Migel Fretes, 47, still managed to keep his job as an Alberta Treasury tax auditor; at least until he was accused of selling nearly $1 million in bogus government bonds.
While pleading guilty to three counts of fraud over $5,000 he admitted defrauding one investor out of $420,000 and another out of $100,000 as part of a scam involving phony savings bonds.
He told investors that he would invest their cash in special payroll savings bonds offered only to provincial employees. He said he would buy them in his own name and then hand over the supposed high-return profits when they matured.
The bonds, however, did not exist as investment vehicles.
He was released on a $32,000 surety bail bond with the conditions that he surrender his passport and the passports of his family, and remain within the boundaries of the city.
Initially reluctant to lower the bail, the judge relented after establishing that most of the money Fretes had earned in the fraud scam was either gone or had been seized in civil judgments.
Court heard $100,000 went to buy a hair salon business for his wife, which has since ceased operation, $50,000 went to pay for medical costs for his now-deceased father in Paraguay and $125,000 went to repay another victim.
As well, $70,000 was spent on a BMW, $15,000 on Rolex watches and $7,000 on an Alfa-Romeo, all of which were seized and sold.
el jefe
17-03-2010, 12:59 AM
You should know better, This didnt happen! haha really makes you wonder....
real6
17-03-2010, 01:11 AM
You should know better, This didnt happen! haha really makes you wonder....
Trying to keep it alive my friend ;)
real6
23-03-2010, 02:41 PM
World War II also allowed the European/American Illuminati to destroy the Japanese Illuminati desires of global domination. The Japanese royal family, represented by Emperor Hirohito, have always been ostracised as non-legitimate by the ruling 13 families. The Japanese claim to be direct descendants of Lemurian purebred Reptilians.
Earth quakes in Tokyo anyone.
Damn, i missed this one.
I really wonder now about TARP, HAARP & these bonds and what the finance minister said about the Government attacking them with HAARP over money.
jagrmeister721 said:
"Japan's finance minister, said in 2007 "a group of American and European oligarchs" threatened to strike the country with manufactured earthquakes unless he ceded control of the Japanese banking system
And I think that's a fairly credible source. We're not talking about a blog or random web page, but someone at the very top of the echelon commenting about this. Scalar warfare- fmr finance minister, Shoichi Nakagwa, made this revelation:
Anyone who doubts these weapons exist and can be used is simply behind the times. While it certainly doesn't explain every natural disaster, it may explain some."
So all this is all starting to come together even more.
HAARP in Japan
US-Engineered Earthquake Devastated Haiti?
A grim report prepared by the Russian Northern Fleet for Prime Minister Putin has stated that the catastrophic earthquake that devastated the Island of Haiti was the ‘clear result’ of a United States Navy test of one of its ‘earthquake weapons’ planned to be used by the Americans upon the Persian Nation of Iran but had gone ‘horribly wrong’.
The Northern Fleet has been monitoring US Naval movements and activities in the Caribbean since 2008 when the Americans announced their intention to re-establish their Forth Fleet that had been disbanded in 1950, and which was responded to by the Motherland when later that year a Russian flotilla led by nuclear powered cruiser Peter the Great began their first exercises in this region since the ending of the Cold War.
Shockwave In Iran
Though virtually unknown to the American people, the use, and perfection, of earthquake weapon technology has a decade’s long history that began with the former Soviet Unions exploding of a 10 megaton nuclear bomb in September, 1978 and then ‘redirecting’ its shockwave towards Iran where it resulted in a catastrophic 7.4 magnitude earthquake, an event which hastened the downfall of the US backed regime headed by the Shah.
This attack upon Iran by the Soviets was countered by the Americans in April, 1979 when they unleashed one of their newly developed ‘atomic powered’ earthquake weapons against the former communist Nation of Yugoslavia which resulted in a 7.2 magnitude earthquake.
Same Against Afghanis
Since the late 1970’s, the United States has ‘greatly advanced’ the state of its earthquake weapons and, according to these reports, now employees devices employing a Tesla Electromagnetic Pulse, Plasma and Sonic technology, along with ‘shockwave bombs’ they have previously been accused by Russia of employing in their war against the Afghan peoples when one of these ‘devices’ was exploded in Afghanistan in March, 2002 triggering a devastating 7.2 magnitude earthquake.
The Weapon Destroyed Japanese City
Interesting to note in these reports are their stating that the earthquake weapons test conducted by the US Navy this week in the Caribbean that destroyed Haiti was ‘most probably’ based upon the same type of Tesla technology held responsible for the catastrophic January17, 1995, 6.8 magnitude earthquake that laid to waste the Japanese city of Kobe, and which the mysterious Aum Shinrikyo cult had warned 9 days prior was going to occur, and as we can read:
“Aum’s charismatic guru, Shoko Asahara, predicted the Kobe quake nine days before the event. In an 8 January 1995 radio broadcast, Asahara stated “Japan will be attacked by an earthquake in 1995. The most likely place is Kobe.”
Hideo Murai, the late Science and Technology minister for Aum Shinrikyo also adhered to this view. Murai – said to have been the most intelligent Japanese who ever lived – was murdered in a Yakuza orchestrated assassination shortly after speaking on the record to foreign news correspondents.
“Murai presented his allegation in an April 7 1995 news conference at the Foreign Correspondent Club in Japan. In answer to questions about the Kobe quake.
Murai said “There is a strong possibility of the activation of an earthquake using electromagnetic power, or somebody may have used a device that applied force inside the Earth.”
The Aum leadership believed the Kobe quake an act of war: “The City of Kobe was hit by a surprise attack…” they claimed, adding the City was an “…appropriate guinea pig.”
Note: The Aum Shinrikyo religious order was destroyed shortly after their releasing of this information to the public when blamed for the March 20, 1995 sarin gas attack upon the Tokyo subway system which resulted in 11 of their members, including their leader, being sentenced to death.
FSB reports on Aum Shinrikyo further state that their knowledge of the planned use of these ‘doomsday’ devices was gained from the US computer hackers belonging to the Branch Davidian religious order who had penetrated some of the American defense establishments most secret files and resulted in there, likewise, being completely destroyed in what is now known as the Waco Siege ordered by then US District Attorney, and currently Obama’s US Attorney General, Eric Holder.
Who Developed the Weapon?
The Tesla weapons being developed by the United States are based upon the research of Nikola Tesla who was an inventor and a mechanical and electrical engineer. He was one of the most important contributors to the birth of commercial electricity and is best known for his many revolutionary developments in the field of electromagnetism in the late 19th and early 20th centuries.
Tesla’s patents and theoretical work formed the basis of modern alternating current (AC) electric power systems, including the polyphase system of electrical distribution and the AC motor, with which he helped usher in the Second Industrial Revolution. Tesla is also credited as the inventor of modern radio by the US Supreme Court.
To Tesla’s earthquake weapons research conducted in the early 20th century we can further read:
“He put his little vibrator in his coat-pocket and went out to hunt a half-erected steel building. Down in the Wall Street district, he found one; ten stories of steel framework without a brick or a stone laid around it. He clamped the vibrator to one of the beams, and fussed with the adjustment until he got it.
Tesla said finally the structure began to creak and weave and the steel-workers came to the ground panic-stricken, believing that there had been an earthquake. Police were called out. Tesla put the vibrator in his pocket and went away. Ten minutes more and he could have laid the building in the street. And, with the same vibrator he could have dropped the Brooklyn Bridge into the East River in less than an hour.
Tesla claimed the device, properly modified, could be used to map underground deposits of oil. A vibration sent through the earth returns an “echo signature” using the same principle as sonar. This idea was actually adapted for use by the petroleum industry, and is used today in a modified form with devices used to locate objects at archaeological digs.”
Important to note at this point are that modern day experiments seeking to discredit Tesla’s earthquake weapons technology have been directed against structures designed to withstand the effects of earthquakes, buildings which in the early 20th century, like those in Haiti today, were not built to withstand such resonance.
A most critical difference when viewed in the light of the US Navy’s testing of 2 of these earthquake weapons this past week and where in their Pacific test it resulted in a 6.5 magnitude earthquake hitting the area around the Northern California city of Eureka causing no deaths, their Caribbean test has caused an estimated 500,000 innocents to die.
More Than Likely
Equally important to note are these reports stating that ‘more than likely’ the US Navy had ‘full knowledge’ of the catastrophic damage this earthquake weapons test could potentially have upon Haiti and had pre-positioned their Deputy Commander of their Southern Command, General P.K. Keen, on the island to oversee relief efforts if needed.
To the end result of these weapons being tested by the United States, these reports warn, are for the Americans planned destruction of Iran through a series of catastrophic earthquakes designed to bring down their present Islamic regime.
Most unfortunately in all of these events are the peoples of Haiti, who are suffering under conditions so horrible, that even in the best of scenarios, their functioning as a viable Nation has completely come to an end, and for reasons and purposes they have no comprehension of at all as they have become just the latest victim in the New Great Game that will decide the winners and losers of this 21st Century.
Chavez: US weapon test caused Haiti earthquake
Submitted by legalizeliberty on Wed, 01/20/2010 - 21:52
in
* Current Events
Venezuelan leader Hugo Chavez has once again accused the United States of playing God. But this time it's Haiti's disastrous earthquake that he thinks the U.S. was behind. Spanish newspaper ABC quotes Chavez as saying that the U.S. navy launched a weapon capable of inducing a powerful earthquake off the shore of Haiti. He adds that this time it was only a drill and the final target is...destroying and taking over Iran.
real6
23-03-2010, 02:44 PM
The Japanese arrested with bonds in Italy claim to be fighting the Feds
According to the Italian secret service, the Japanese arrested in Italy last week with 134.5 billion $ worth of US government bonds claim they were part of a joint operation between Japanese military intelligence and Chinese military intelligence against the Federal Reserve Board. The Chinese will be sending a delegation to Italy soon to try to sort this matter out. Meanwhile we have contradictory intelligence stating that the arrested men are with a Chinese faction that wants to restore Ming dynastic rule and works with a Fed linked CIA outfit known as Mayflower. We are still trying to figure out what is really going on. The Bonds they carried are a combination of 1934 Roosevelt Bonds and silver backed certificates issued by President Kennedy. To confirm if the boxes are genuine or not, it is necessary to examine the box that contains them, according to an MI6 source. The other thing people who are unfamiliar with the secret world of finance is that they always talk in numbers with at least 3 more digits than what is discussed in the open world of finance. Our source says there are thousands of boxes of that sort worth a total of “quintillions of dollars.” The Americans manufactured these boxes in the Philippines and when they left, they left the original printing blocks and paper so the Philippinos have used them to create countless high-quality forgeries.
About the $134.5 billion bonds found in Italy and the secret financial system
There is a lot of confusion these days among people who still believe the Zionist web of lies formerly known as the “mainstream consensus.” The story about the $134.5 billion in bonds found in Italy is adding to that confusion. Perhaps a bit of background information will help clarify the situation somewhat.
First of all people need to realize that there are two sets of books used in global finance: the “official” data put out by government agencies etc. and the secret financial arrangements used between sovereign entities (countries as well as organizations). When members of the British and Japanese royal families first contacted me and started talking about thousands of trillions of dollars, I thought they were bonkers. Officially world GDP is $55 trillion so their numbers seemed impossible. However, after meeting multiple sources ranging from freemasons, to yakuza, to MI6 to Japanese security police, to CIA etc. I can now confirm there is a secret financial system whose total worth is “quintillions of dollars.” I think the numbers got this big as a result of some sort of ridiculous contest to see who had the largest penis among the folk who control the printing presses for dollars and euros etc.
In any case, the bonds found in Italy are connected to a massive operation that took place in the Far East before and during WW2. Part of that involved the Japanese invasion of Manchuria. When the Japanese invaded Manchuria in 1931 the owners of the Federal Reserve Board contacted the Chinese emperor and said “the Japanese are about to steal the treasure you have in Manchuria. How about we take that treasure to the Philippines for safe keeping? In exchange we will give you 70-year US government bonds that you can use to buy stuff from around the world.”
The emperor agreed to the deal and the Americans started issuing huge numbers of bonds backed by the emperor’s gold. To keep these shenanigans out of the US public eye, they printed the bonds in the Philippines. Some of these bonds are the ones the two Japanese were carrying in Italy.
This whole thing also ties into 911 big time. When the emperor made his deal with the Feds he asked them what would happen when the bonds came due and the Feds refused to pay back the principal. He was told US criminal authorities would take action.
The owners of the Fed thought they would never have to pay back the money because they thought the last emperor died as a gardener in communist China. What they did not realize was that the man in China was a double and that the real emperor escaped to Taiwan. His grandson, the current emperor, is now the dean of a University (I know his name and what university but to protect him I cannot tell).
The grandson had many other treasures in addition to the one taken to the Philippines and so he sued the Feds using top lawyers. A giant investigation was set up in the US involving the Treasury police, the Naval Office of Investigations, the FBI and Cantor Fitzgerald Securities. When first bonds came due for redemption on September 12, 2001, they were set to move against the Feds.
Well by lucky coincidence on September 11, 2001 “Al CIADA” bombed the Naval Office of Investigations, etc. out of existence and the investigation was temporarily blocked as the US was turned into a fascist dictatorship (if you do not understand this find a copy of the Nazi laws and compare them to the patriot act).
There is now a secret war going on between the royal families who have real treasure (the British, the Chinese, the Thai etc.) and the aristocratic families who own dollar and Euro printing presses. At stake is the future of this planet. The owners of the real treasure want to start a new financial system backed by metals and start a campaign to permanently end war, poverty and environmental destruction. The owners of the money printing presses want to continue their cycle of perpetual war and terror in order to keep control over humanity.
The Japanese arrested in Italy were part of that secret war and they were released immediately and sent on their way with their bonds. There is so much contradictory information from the Italian Treasury Police, MI6 and Japanese military intelligence sources that I cannot say whose side these guys were on. I am just glad the astronomical numbers released to the corporate media created congnitive dissonance among the still brain washed.
There will be a truth commission convened when the Democratic Party of Japan takes power
In the past senior members of Japan's opposition Democratic Party of Japan have told me they intend to set up a South African style truth commission if they ever get power. Since all the opinion polls show they are set to get power in the election to be held on August 30th, that means the truth may start coming out as early as this fall. The most important testimony will that about CIA dirty tricks and murders in Japan. The world will finally be told the truth about how arch-Nazi Heinz (Henry) Kissinger had Prime Minister Kakuei Tanaka removed from power. We will also learn how Prime Ministers Obuchi, Ohira, Takeshita and Hashimoto were murdered for not be obedient enough. Hopefully the Japanese murder team members will appear in Parliament and on TV and describe how they carried out each murder on the orders of their Nazi handlers.
There will be a lot of stuff happening this autumn to I recommend that everyone rest up this summer.
el jefe
23-03-2010, 08:36 PM
holy crap I need to read that post on the last page later tonight. It looks like it ties it all together
real6
23-03-2010, 08:59 PM
holy crap I need to read that post on the last page later tonight. It looks like it ties it all together
It's a long shot but it looks like it's all connected. Play connect the dots!!!
real6
13-07-2010, 11:02 PM
President Obama vowed Monday to "detect and pursue" American tax evaders and go after their offshore tax shelters.
In announcing a series of steps aimed at overhauling the U.S. tax code, Obama complained that existing law makes it possible to "pay lower taxes if you create a job in Bangalore, India, than if you create one in Buffalo, N.Y."
The president said he wants to prevent U.S. companies from deferring tax payments by keeping profits in foreign countries rather than recording them at home, and called for more transparency in bank accounts that Americans hold in notorious tax havens like the Cayman Islands.
"If financial institutions won't cooperate with us, we will assume that they are sheltering money in tax havens and act accordingly," Obama said.
The president, who hammered on this issue during his long campaign for the White House, said at a White House event that his plan would generate $210 billion in new taxes over 10 years and "make it easier" for companies to create jobs at home. Over a decade, $210 billion would make a modest dent in a federal deficit expected to swell to $1.2 trillion in 2010.
Executive Order 11110
Silver certificates were printed without interest. The Order was for the Treasury to issue silver certificates against all silver held by the government which did not already have certificates against it. The Order was needed due to the passage of Public Law 88-36 which repealed the Silver Purchase Act and other related monetary measures. One result was that after the repeals, only the President could issue new silver certificates.[citation needed]
The Federal Reserve System could replace the certificates, but only in larger denominations. The thrust of the Order returned the authority to issue new silver certificates (and specify denominations) back to the U.S. Treasury.
This executive order allowed for the Federal Reserve System to distribute and exchange currency at lower denominations that met the growing economic need. The authoritative basis for the Order was substantially nullified in 1982 with the passage of Public Law 97-258.
The Order was never directly reversed. However, Section 1(j) of Executive Order 10289
Last sentence rewritten: The Order was never directly reversed. However, no one has attempted it since because they all wanted to live.
el jefe
14-07-2010, 12:38 AM
American tax evaders....Like Tim Geithner?
firstlook
14-07-2010, 01:00 AM
does anyone subscribe to Benjamin Fulfords blog? PM me please?:)
real6
14-07-2010, 07:37 PM
American tax evaders....Like Tim Geithner?
Trying to keep it alive ;)
The Feds may be planning to dump all the toxic garbage on Bank of America
The desperate, cornered criminal rats who own the Federal Reserve Board are now planning to take all their toxic financial waste and dump it on Bank of America and make it the fall guy, according to a CIA source. That is why they have been unable to find a new CEO. However, that is not going to be enough to save the criminals.
Multiple, reliable sources including MI6 and the Chinese government now confirm that the Federal Reserve Board and the Bank of England were using gold-plated tungsten to “back up” their massive selling of gold futures. As the contracts came due for the delivery, the scam was unveiled.
This means that as long as the US remains under the control of fascist gangsters, it will be treated as a pariah state. Unless the Federal Reserve Board control of the United States ends, the United States is expected to be cut off from the international trading system in January. Sources both within the N.W.O. and MI6 and in China say the dollar will fall to under 6 cents by that time. In such an event, the Feds will try to implement martial law and detain millions of US citizens in concentration camps, according to CIA and other sources.
However, if the US returns to a constitutional democratic form of government, their debts will be paid off in gold and huge amounts of money will be invested in rebuilding the US economy. In that event, the US dollar should rise in value.
Meanwhile, the Feds have sent N.W.O. agent Dragi Emseriev (of Macedonian descent carrying a Swiss Passport) to Japan along with fellow with fellow Turkish and Bulgarian Turks and possibly 1 Turkish Intelligence Officer in an attempt to sabotage the Japanese economy. They are believed to be trying to cash the 134.5 Billion USD Kennedy bonds seized in Italy this summer. A Bulgarian Turk named Emroullah is possibly carrying the bonds. This group is notorious for running fraudulent Private program games in Switzerland and is now in Japan so we must stay alert. Some well known Japanese are also part of this but we will keep their names to ourselves for now. They know who they are and we know who they are so we suggest they surrender or face the consequences.
real6
14-07-2010, 07:38 PM
After the attempt to create a fascist Euro-centric world government failed spectacularly in Copenhagen, the main battlefield in the ongoing financial World War 3 moved to the Philippines. We will report the details of these intrigues below.
First let us re-cap the New World Order moves towards a fascistic world government in 2009. It started with the inauguration of Barack Obama as president. At first everybody was hopeful but, it did not take long for the truth to sink in. Obama was a Nazi puppet who broke all his important promises and refused to withdraw from Iraq, failed to close the Guantanamo torture camp and actually increased the amount of troops in Afghanistan. Later, he attempted to make himself de-facto world President by taking the post of head of the UN Security council, in direct violation of the US constitution. To bolster his position he was given the Nobel “peace” prize.
Meanwhile a Soviet style totalitarian government was imposed upon the people of Europe via the Treaty of Lisbon. A European “President” was then selected without any popular vote.
The final move was supposed to have taken place at the Copenhagen “global warming” summit. The European fascists were hoping to install a global totalitarian government by stealth under the cover of the bogus CO2 reduction campaign.
However, the Black Dragon Society was able to quash this campaign on several fronts. First of all, Russian BDS members hacked the East Anglia University computers and proved the “global warming” campaign was based on false data. Then BDS members in Washington froze an attempt by the Japanese emperor to provide over $100 billion for the cabal to hand over to developing nations in exchange for their acceding to a world government. When the fascists showed up empty handed, they were told to buzz off by the rest of the world.
In the meantime, the Federal Reserve Board and the Bank of England are facing a January deadline to come up with gold to pay their overdue debts to China.
In order to get this gold and keep their privately owned money printing monopoly going, a senior Federal Reserve Board agent in Japan, who we will refer to as Mr. K, went to the Philippines with a high-powered Japanese government delegation led by ruling Democratic Party of Japan number 2 Hajime Ishii. Ostensibly, the purpose of the visit was to play golf and meet with assorted Philippino law-makers.
However, the real purpose was to cash $250 billion worth of 1930’s vintage US government bonds that are backed by Chinese Imperial gold stashed in the Philippines. Their hope is to cash these bonds and use the money to bribe developing countries into accepting the Copenhagen formula for European-led global fascistic government. The Japanese politicians accompanying Mr. K were almost certainly unaware of this secret agenda.
However, the Black Dragon Society also had a delegation in the Philippines with a very different agenda. Their delegation went to a lake near Manila that is the second largest lake in South East Asia. Local officials informed them that Queen Beatrix of the Netherlands (an arch-Nazi) and her Philippino cronies were attempting to have the lake declared dead so that they could drain it and reclaim the land. Needless to say such a move would benefit a few billionaire developers at the expense of the millions of poor people living near the lake.
The society members instead promised to restore the lake to its pristine natural condition. They propose to do this by setting up sewage treatment facilities in order to treat the human waste that is responsible for 70% of the ecological damage to the lake. The society also proposed using Tesla technology involving sending out energy pulses of a specific frequency that kills harmful bacteria. In addition, they propose to use zeolite mined in the Philippines to neutralize toxins that are already in the lake.
The idea was to use the lake as an example to show a fundamental change in how Western Civilization interacts with the planet and its people. It would be used to initiate similar campaigns throughout the planet.
The Black Dragon Society plan for a new financial system was also explained. As we have mentioned before about 90% of all the dollars ever created are not owned by Americans. If these dollars become worthless paper then mass starvation and suffering is almost certain. That is why the BDS proposes to erase all fraudulently created dollars from the books and then back the remaining dollars with gold. The dollar would then be renamed and put under government control. The control would be shared between a new UN based in Laos, a China dominated World Bank based in Hong Kong and a G8 dominated world Economic Planning Agency based in Osaka or Singapore.
The Democratic Party of Japan delegates were very supportive of these proposals. They also expressed strong interest in the proposals for a new financial system controlled by governments instead of a small in-bred elite. However, the trip also helped reveal the real nature of the new “Democratic” Party of Japan. The BDS delegate approached Mr. Ishii, the supposed number 2 in the Japanese government and explained to him that the Yakuza and the Japanese right-wingers wanted to cut off their ties with the Federal Reserve Board crime gang and start to work for the Japanese government. Mr. Ishii’s answer was “you need to talk to Mr. K about that.”
Mr. K (we are keeping his name secret for now in the hope that he will join forces with the Black Dragons) had some very revealing things to say to us. He first approached the BDS when two Japanese agents were arrested in Italy in June carrying $134.5 billion worth of US government bonds. He said, “I guess we will have to work together now.”
He then explained how up until now “Three or four people ruled the country by brainwashing the rest.” The Federal Reserve Board had offered to hand over control of Japan to China by 2011, he said. “As long as me and my wife can live well, I guess that is OK,” he added.
Mr. K is obviously a second-tier power broker who blows with the wind. When the wind started to blow from China instead of the US, he quickly offered his services to China.
What he and other members of the Japanese secret establishment have revealed to us is a high-powered Federal Reserve Board campaign run out of Taiwan, Japan and China. Japanese gangsters and power-brokers go to either Taiwan or China where they receive massive bribes in order to go along with plans for a China led world dictatorship.
One of the key figures in this scheme is Democratic Party of Japan power-broker Ichiro Ozawa. Ozawa only tells his inner thoughts to 2 or 3 people he really trusts, according to a close friend and others.
The fear in Japan is that if the DPJ wins an absolute majority in the upper house elections due this summer, Ozawa will install a totalitarian dictatorship. Ozawa appears to be firmly in the Chinese camp but, things are not always as they appear. This was made obvious by the secret attempt on the part of Mr. K to cash the $250 billion on behalf of the Federal Reserve Board even though he supposedly gets his marching orders from Taiwan.
Black Dragon Society members in Washington have obtained an extensive list of Japanese politicians and gangsters who have been receiving large bribes in Taiwan and China that can ultimately be traced to the Federal Reserve Board. We may make this list public at a future date.
In any case, the story of Mr. K reveals how a person who has never been elected to any public office, who never passed a public service exam and who keeps his name secret is above in rank to the so-called number 2 in the Japanese government.
In the US, of course, a similar structure exists with people like James Baker, Frank Carlucci, George Bush Senior, Paul Wolfowitz, Henry (Heinz) Kissinger, J. Rockefeller etc. having more power than elected officials. In Europe the equivalent role is played by Royal Families and the various branches of the Rothschild dynasty.
Although a majority of people in the Western world and in Japan remain thoroughly brainwashed, a critical mass among the intellectual elite has figured out the fraudulent and unfair nature of this system. That means the system is now doomed.
The owners of the Federal Reserve Board have bought time since they were cut off from new funding at the end of September by selling military secrets, looting everything they can get their hands on in North America and via their world wide drug dealing operations.
However, without the gold in the Philippines, they are running out of time. International law enforcement officials from Interpol have now been given legal jurisdiction in the US. They are busy hunting down and arresting corrupt bankers.
A similar purge is underway in Europe.
Even if the Federal Reserve Board crime syndicate gets their hands on the gold in the Philippines, if the Chinese continue pandering to these mass murderers, they will lose the goodwill they have earned over the past two years by standing up to them. That means the gold will remain worthless “black gold” unredeemable for cash as long as it is owned by the Federal Reserve Board.
What the greedy bankers did not realize during their maneuvers in the Philippines is that you cannot eat gold. The sewer water that can be recycled from around the Philippine lake can be turned into fertilizer and therefore into food. You need food to survive. That means the Black Dragon Society members who walked through filthy mud in bare feet in an effort to help poor Philippinos were standing on the true treasure.
In any case, there are many signs of a big show-down in January. There are several important settlement dates in January where the Feds are likely to bounce a check.
The Japanese government, for its part, has been steadily buying up all Japanese government bonds owned by foreigners. That means they may be preparing for a debt jubilee in Japan.
Meanwhile, over 600 foreign IT experts, law enforcement officials, politicians etc. have descended on Washington D.C. They may well be preparing to reboot the dollar system minus toxic derivatives.
We also have a steady flow of truth from the British media, including a BBC documentary stating that Al Qaeda is a fiction. This indicates the Federal Reserve Board crime syndicate is becoming isolated even within the Anglo Saxon world.
Finally, Israel has recalled all of its ambassadors from around the world in a sign it clearly expects something big to happen.
It may well be that events predicted for 2012 could start in 2010. Next week, we will try to predict what will happen in what is most certainly expected to be a most turbulent and exciting new year. Our best guess for now is that a system of government that has lasted for literally thousands of years is about to end. Humanity may finally be free of a cruel system based on debt slavery forever.
smoke n mirrors
14-07-2010, 08:19 PM
Thanks for keeping this one ticking along Real6.
.
real6
14-07-2010, 08:24 PM
Thanks for keeping this one ticking along Real6.
.
Anytime.
I know this is from last year but i know alot of people here still never heard of this that are new or old. What's funny is how this was buried and never heard from again after December '09.
From page 19 to now is when it get's really juicy ;)
mark1963
14-07-2010, 08:29 PM
Interesting stuff from Fulford.
Nice one real6.
smoke n mirrors
14-07-2010, 09:09 PM
Anytime.
I know this is from last year but i know alot of people here still never heard of this that are new or old. What's funny is how this was buried and never heard from again after December '09.
From page 19 to now is when it get's really juicy ;)
There is the makings of a great movie here. :)
It has made for interesting reading.
.
real6
14-07-2010, 09:14 PM
There is the makings of a great movie here. :)
It was has made for interesting reading.
.
I might just have to write some of this into one of my scripts i write one day...
smoke n mirrors
14-07-2010, 10:31 PM
I might just have to write some of this into one of my scripts i write one day...
Cool, let me know when it hits a bit torrent and I shall sit back and soak it all up. :D
I defiantly think you could get some mileage out of it so ye go for it! :)
.
real6
15-07-2010, 01:52 AM
Cool, let me know when it hits a bit torrent :)
.
BWhahahaha, yeah ok.
Imagine that. I'll def hunt your ass down then...
:p
real6
25-08-2010, 03:50 PM
United Nations, Alan Greenspan now implicated in $134.5 billion bond scandal
An international investigation of what is certain to be the largest financial fraud in history (involving at least $1 trillion) is now implicating former US Federal Reserve Board Chairman Alan Greenspan and UN Secretary General Ban Ki Moon, according to CIA, MI6, Opus Dei and Interpol sources.
This scandal at the heart of the secret world of global high finance made a brief entry into the public conscious in June, 2009 when two Japanese carrying $134.5 billion worth of government bonds were detained in Italy. The corporate propaganda media wrote about this incident before dismissing it by saying the “bonds were fraudulent.” These corporate so-called journalists failed to follow up on why the Japanese individuals, Watanabe and Yamaguchi, were carrying diplomatic passports. That meant their arrest was illegal and that the Italian authorities did not have the right to confiscate the bonds.
The Italian government tried to sell the bonds to the Chinese government at 40% of their face value but the Chinese said that if they bought the bonds the Italians would also then have to pay back their debts to China. The Italian authorities realized this would bankrupt Italy. Instead, the Italians then asked a Vatican Banker by the name of Daniele Dal Bosco to try to sell the bonds back to their original owners, an organization known as the Dragon Family, at 10% of their face value. The Dragon family refused to buy back their own bonds.
However, Dal Bosco, a member of the Monte Carlo P2 Freemason Lodge, was instead asked by a Dragon Family agent to act as custodian for an additional $1 trillion worth of bonds. These bonds are a combination of Kennedy Bonds, Federal Reserve Notes and Japanese government bonds that the Dragon family was trying to keep out of the hands of the Federal Reserve Board.
High ranking members of the United Nations then approached Dal Bosco and offered him $100 million to hand them the bonds. This transaction was stopped by White Dragon Society agents.
Dal Bosco then absconded with those bonds and turned to an organization known as the Office of International Treasury Control. Using the OITC name, Dal Bosco then tried to cash the bonds with the Vatican, the Italian government and, again, the United Nations.
However, an investigation of the OITC by international criminal authorities revealed the organization to be a sophisticated fraud. The nominal head of the OITC is a Cambodian of royal blood by the name of R.C. Dam. Mr. Dam was at one point recognized as having the nominal rights to a large pool of gold owned by the various royal families of the world. However, these rights have long since been rescinded and the OITC has for years now operated as a fraudulent organization.
UN Secretary Ban Ki Moon has been implicated because the OITC has defrauded at least three countries and an unknown number of individuals by claiming to have UN backing. The UN never, until the current investigation began, denied its affiliation with the OITC. Investigators are now awaiting a formal response from Ban Ki Moon because, they say, he personally tried to help Dal Bosco cash the bonds. The UN, the BIS and the Federal Reserve Board all now say the OITC is a fraud.
Investigators in the US and the UK have now confirmed the two Japanese were fooled by a group headed by Alan Greenspan into bringing the bonds from Italy to Switzerland. Greenspan’s cabal was planning from the very beginning to seize the bonds and cash them.
Many of these bonds are linked to the attempt by former US President John Kennedy to return the money creating powers of the privately owned Federal Reserve Board to the American people. The Feds attempt to get their hands on these bonds and cash them was blocked by an international team of investigators including members of the Japanese Security Police, MI6, the CIA, Interpol, other government agencies and various secret societies including MJ12, the White Dragon Society and certain Freemason groups.
The Vatican is now denying any link to Del Bosco and a representative of Opus Dei told an investigator affiliated with the White Dragon Society that “we will get the bonds back for you but do not ask about what happens to Del Bosco.” Dal Bosco is now believed to be hiding somethere in Italy, probably the town of Negrar outside of Verona.
There is a large international meeting scheduled in Washington at the end of this month to deal with ongoing financial war these bonds are an integral part of. It is looking very much like the end game for the Federal Reserve Board and their puppets in Washington D.C. The nightmare is finally ending.
Did the Fed Cause the Housing Bubble?
It's become conventional wisdom that Alan Greenspan's Federal Reserve was responsible for the housing crisis. Virtually every commentator who blames Mr. Greenspan points to the low interest rates during his last few years at the Fed.
[Commentary]Martin Kozlowski
The link seems obvious. Everyone knows that the Fed can drive interest rates lower by pumping more money into the economy, right? Well, yes. But it doesn't follow that that's why interest rates were so low in the early 2000s. Other factors affect interest rates too. In particular, a sudden increase in savings will drive down interest rates. And such a shift did occur. As Mr. Greenspan pointed out on this page on March 11, there was a surge in savings from other countries. Although he names only China, some of the Middle Eastern oil-producing countries were also responsible for much of this new saving. Shift the supply curve to the right and, wonder of wonders, the price falls. In this case, the price of saving and lending is the interest rate.
But how do we know that it was an increase in saving, not an increase in the money supply, that caused interest rates to fall? Look at the money supply.
Background
The Fed Didn't Cause the Housing Bubble (03/11/09)
By Alan Greenspan
Since 2001, the annual year-to-year growth rate of MZM (money of zero maturity, which is M2 minus small time deposits plus institutional money market shares) fell from over 20% to nearly 0% by 2006. During that time, M2 (which is M1 plus time deposits) growth fell from over 10% to around 2%, and M1 (which is currency plus demand deposits) growth fell from over 10% to negative rates.
The annual growth rate of the monetary base, the magnitude over which the Fed has the most control, fell from 10% in 2001 to below 5% in 2006. Moreover, nearly all of the growth in the monetary base went into currency, an increasing proportion of which is held abroad.
Moreover, if the Fed was the culprit, why was the housing bubble world-wide? Do Mr. Greenspan's critics seriously contend that the Fed was responsible for high housing prices in, say, Spain?
This is not to say that the Greenspan Fed was blameless. Particularly disturbing is the way the lender-of-last-resort function has increased moral hazard, a trend to which Mr. Greenspan contributed and which current Fed Chairman Ben Bernanke has put on steroids.
But to the extent that the federal government is to blame, the main fed culprits are the beefed up Community Reinvestment Act and the run-amok Fannie Mae and Freddie Mac. All played a key role in loosening lending standards.
I'm not claiming that we should have a Federal Reserve. We simply can't depend on getting another good chairman like Mr. Greenspan, and are more likely to get another Arthur Burns or Ben Bernanke. Serious work by economists Lawrence H. White of the University of Missouri, St. Louis, and George Selgin of West Virginia University makes a persuasive case that abolishing the Fed and deregulating money would improve the macroeconomy. I'm making a more modest claim: Mr. Greenspan was not to blame for the housing bubble.
Mr. Henderson is a research fellow with the Hoover Institution, an economics professor at the Naval Postgraduate School, and editor of "The Concise Encyclopedia of Economics" (Liberty Fund, 2008).
What Savings Glut?
By Gerald P. O'Driscoll Jr.
Alan Greenspan responded to his critics on these pages on March 11. He singled out an op-ed by John Taylor a month earlier, "How Government Created the Financial Crisis" (Feb. 9), for special criticism. Mr. Greenspan's argument defending his policy is two-fold: (1) the Fed controls overnight interest rates, but not "long-term interest rates and the home-mortgage rates driven by them"; and (2) a global excess of savings was "the presumptive cause of the world-wide decline in long-term rates."
Background
How Government Created the Financial Crisis (02/09/09)
By John B. Taylor
Neither argument stands up to scrutiny. First, Mr. Greenspan writes as if mortgages were of the 30-year variety, financed by 30-year money. Would that it were so! We would not be in the present mess. But the post-2002 period was characterized by one-year adjustable-rate mortgages (ARMs), teaser rates that reset in two or three years, etc. Five-year ARMs became "long-term" money.
The Fed only determines the overnight, federal-funds rate, but movements in that rate substantially influence the rates on such mortgages. Additionally, maturity-mismatches abounded and were the source of much of the current financial stress. Short-dated commercial paper funded investment banks and other entities dealing in mortgage-backed securities.
Second, Mr. Greenspan offers conjecture, not evidence, for his claim of a global savings excess. Mr. Taylor has cited evidence from the IMF to the contrary, however. Global savings and investment as a share of world GDP have been declining since the 1970s. The data is in Mr. Taylor's new book, "Getting Off Track."
The former Fed chairman also cautions against excessive regulation as a policy response to the crisis. On this point I concur. He does not directly address, however, the Fed's policy response. From the beginning, the Fed diagnosed the problem as lack of liquidity and employed every means at its disposal to supply liquidity to credit markets. It has been to little avail and, in the process, the Fed has loaded up its balance sheet with dubious assets.
The credit crunch continues because many banks are capital-impaired, not illiquid. Treasury's policy shifts and inconsistencies under both administrations have sidelined potential private capital. Treasury became the capital provider of last resort. It was late to recognize the hole in banks' balance sheets and consistently underestimated its size. The need to provide second- and even third-round capital injections proves that.
In summary, Fed policy did help cause the bubble. Subsequent policy responses by that institution have suffered from sins of commission and omission. As Mr. Taylor argued, the government (including the Fed) caused, prolonged, and worsened the crisis. It continues doing so.
Mr. O'Driscoll is a senior fellow at the Cato Institute. He was formerly a vice president at the Federal Reserve Bank of Dallas.
Low Rates Led to ARMs
By Todd J. Zywicki
Alan Greenspan's argument that the Federal Reserve's policies on short-term interest rates had no impact on long-term mortgage interest rates overlooks the way in which its policies changed consumer behavior.
A simple yet powerful pattern emerges from survey data of the past 25 years collected by HSH Associates (the financial publishers): The spread between fixed-rate mortgages (FRMs) and ARMs typically hovers between 100 and 150 basis points, representing the premium that a borrower has to pay to induce the lender to bear the risk of interest-rate fluctuations. At times, however, the spread between FRMs and ARMs breaks out of this band and becomes either larger or smaller than average, leading marginal consumers to prefer one to the other. Sometimes the adjustment in the market share of ARMs lags behind changes in the size of the spread, but over time when the spread widens, the percentage of ARMs increases and vice-versa.
In 1987, before subprime lending was even a gleam in Angelo Mozilo's eye, the spread rose to 300 basis points and the share of ARMs eventually rose to almost 70%, according to the Federal Finance Housing Board. When the spread shrunk to near 100 basis points in the late-1990s, the percentage of ARMs fell into the single digits. Other periods of time show similar dynamics.
In the latest cycle the spread rose from under 50 basis points at the end of 2000 to 230 basis points in mid-2004 and the percentage of ARMs rose from 10% to 40%. The Fed's subsequent increases on short-term rates caused short- and long-term rates to converge, squeezing the spread to about 50 points by 2007 and reducing ARMs to less than 10% of the market.
Record-low ARM interest rates kept housing generally affordable even as buyers could stretch to pay higher prices. Low short-term interest rates, combined with tax and other policies, also drew speculative, short-term home-flippers into certain markets. As the Fed increased short-term rates in 2005-07, interest rate resets raised monthly payments, triggering the initial round of defaults and falling home prices. Foreclosure rates initially soared on both prime and subprime ARMS much more than for FRMs.
Why did the ARM substitution result in a wave of foreclosures this time, unlike prior times? During previous times with high percentages of ARMs, the dip in short-term interest rates was a leading indicator of an eventual decline in long-term rates, reflecting the general downward trend in rates of the past 25 years. By contrast, during this housing bubble the interest rate on ARMs were artificially low and eventually rose back to the level of FRMs. There were other factors that exacerbated the problem -- most notably increased risk-layering and a decline in underwriting standards -- but the Fed's artificial lowering of short-term interest rates and the resulting substitution by consumers to ARMs triggered the bubble and subsequent crisis.
Mr. Zywicki is a professor of law at George Mason University School of Law and a senior scholar at the university's Mercatus Center. He is writing a book on consumer bankruptcy and consumer credit.
real6
25-08-2010, 03:52 PM
Gold and Economic Freedom
by Alan Greenspan
Published in Ayn Rand's "Objectivist" newsletter in 1966, and reprinted in her book, Capitalism: The Unknown Ideal, in 1967.
An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense — perhaps more clearly and subtly than many consistent defenders of laissez-faire — that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other.
In order to understand the source of their antagonism, it is necessary first to understand the specific role of gold in a free society.
Money is the common denominator of all economic transactions. It is that commodity which serves as a medium of exchange, is universally acceptable to all participants in an exchange economy as payment for their goods or services, and can, therefore, be used as a standard of market value and as a store of value, i.e., as a means of saving.
The existence of such a commodity is a precondition of a division of labor economy. If men did not have some commodity of objective value which was generally acceptable as money, they would have to resort to primitive barter or be forced to live on self-sufficient farms and forgo the inestimable advantages of specialization. If men had no means to store value, i.e., to save, neither long-range planning nor exchange would be possible.
What medium of exchange will be acceptable to all participants in an economy is not determined arbitrarily. First, the medium of exchange should be durable. In a primitive society of meager wealth, wheat might be sufficiently durable to serve as a medium, since all exchanges would occur only during and immediately after the harvest, leaving no value-surplus to store. But where store-of-value considerations are important, as they are in richer, more civilized societies, the medium of exchange must be a durable commodity, usually a metal. A metal is generally chosen because it is homogeneous and divisible: every unit is the same as every other and it can be blended or formed in any quantity. Precious jewels, for example, are neither homogeneous nor divisible. More important, the commodity chosen as a medium must be a luxury. Human desires for luxuries are unlimited and, therefore, luxury goods are always in demand and will always be acceptable. Wheat is a luxury in underfed civilizations, but not in a prosperous society. Cigarettes ordinarily would not serve as money, but they did in post-World War II Europe where they were considered a luxury. The term "luxury good" implies scarcity and high unit value. Having a high unit value, such a good is easily portable; for instance, an ounce of gold is worth a half-ton of pig iron.
In the early stages of a developing money economy, several media of exchange might be used, since a wide variety of commodities would fulfill the foregoing conditions. However, one of the commodities will gradually displace all others, by being more widely acceptable. Preferences on what to hold as a store of value will shift to the most widely acceptable commodity, which, in turn, will make it still more acceptable. The shift is progressive until that commodity becomes the sole medium of exchange. The use of a single medium is highly advantageous for the same reasons that a money economy is superior to a barter economy: it makes exchanges possible on an incalculably wider scale.
Whether the single medium is gold, silver, seashells, cattle, or tobacco is optional, depending on the context and development of a given economy. In fact, all have been employed, at various times, as media of exchange. Even in the present century, two major commodities, gold and silver, have been used as international media of exchange, with gold becoming the predominant one. Gold, having both artistic and functional uses and being relatively scarce, has significant advantages over all other media of exchange. Since the beginning of World War I, it has been virtually the sole international standard of exchange. If all goods and services were to be paid for in gold, large payments would be difficult to execute and this would tend to limit the extent of a society's divisions of labor and specialization. Thus a logical extension of the creation of a medium of exchange is the development of a banking system and credit instruments (bank notes and deposits) which act as a substitute for, but are convertible into, gold.
A free banking system based on gold is able to extend credit and thus to create bank notes (currency) and deposits, according to the production requirements of the economy. Individual owners of gold are induced, by payments of interest, to deposit their gold in a bank (against which they can draw checks). But since it is rarely the case that all depositors want to withdraw all their gold at the same time, the banker need keep only a fraction of his total deposits in gold as reserves. This enables the banker to loan out more than the amount of his gold deposits (which means that he holds claims to gold rather than gold as security of his deposits). But the amount of loans which he can afford to make is not arbitrary: he has to gauge it in relation to his reserves and to the status of his investments.
When banks loan money to finance productive and profitable endeavors, the loans are paid off rapidly and bank credit continues to be generally available. But when the business ventures financed by bank credit are less profitable and slow to pay off, bankers soon find that their loans outstanding are excessive relative to their gold reserves, and they begin to curtail new lending, usually by charging higher interest rates. This tends to restrict the financing of new ventures and requires the existing borrowers to improve their profitability before they can obtain credit for further expansion. Thus, under the gold standard, a free banking system stands as the protector of an economy's stability and balanced growth. When gold is accepted as the medium of exchange by most or all nations, an unhampered free international gold standard serves to foster a world-wide division of labor and the broadest international trade. Even though the units of exchange (the dollar, the pound, the franc, etc.) differ from country to country, when all are defined in terms of gold the economies of the different countries act as one — so long as there are no restraints on trade or on the movement of capital. Credit, interest rates, and prices tend to follow similar patterns in all countries. For example, if banks in one country extend credit too liberally, interest rates in that country will tend to fall, inducing depositors to shift their gold to higher-interest paying banks in other countries. This will immediately cause a shortage of bank reserves in the "easy money" country, inducing tighter credit standards and a return to competitively higher interest rates again.
A fully free banking system and fully consistent gold standard have not as yet been achieved. But prior to World War I, the banking system in the United States (and in most of the world) was based on gold and even though governments intervened occasionally, banking was more free than controlled. Periodically, as a result of overly rapid credit expansion, banks became loaned up to the limit of their gold reserves, interest rates rose sharply, new credit was cut off, and the economy went into a sharp, but short-lived recession. (Compared with the depressions of 1920 and 1932, the pre-World War I business declines were mild indeed.) It was limited gold reserves that stopped the unbalanced expansions of business activity, before they could develop into the post-World War I type of disaster. The readjustment periods were short and the economies quickly reestablished a sound basis to resume expansion.
But the process of cure was misdiagnosed as the disease: if shortage of bank reserves was causing a business decline — argued economic interventionists — why not find a way of supplying increased reserves to the banks so they never need be short! If banks can continue to loan money indefinitely — it was claimed — there need never be any slumps in business. And so the Federal Reserve System was organized in 1913. It consisted of twelve regional Federal Reserve banks nominally owned by private bankers, but in fact government sponsored, controlled, and supported. Credit extended by these banks is in practice (though not legally) backed by the taxing power of the federal government. Technically, we remained on the gold standard; individuals were still free to own gold, and gold continued to be used as bank reserves. But now, in addition to gold, credit extended by the Federal Reserve banks ("paper reserves") could serve as legal tender to pay depositors.
When business in the United States underwent a mild contraction in 1927, the Federal Reserve created more paper reserves in the hope of forestalling any possible bank reserve shortage. More disastrous, however, was the Federal Reserve's attempt to assist Great Britain who had been losing gold to us because the Bank of England refused to allow interest rates to rise when market forces dictated (it was politically unpalatable). The reasoning of the authorities involved was as follows: if the Federal Reserve pumped excessive paper reserves into American banks, interest rates in the United States would fall to a level comparable with those in Great Britain; this would act to stop Britain's gold loss and avoid the political embarrassment of having to raise interest rates. The "Fed" succeeded; it stopped the gold loss, but it nearly destroyed the economies of the world, in the process. The excess credit which the Fed pumped into the economy spilled over into the stock market, triggering a fantastic speculative boom. Belatedly, Federal Reserve officials attempted to sop up the excess reserves and finally succeeded in braking the boom. But it was too late: by 1929 the speculative imbalances had become so overwhelming that the attempt precipitated a sharp retrenching and a consequent demoralizing of business confidence. As a result, the American economy collapsed. Great Britain fared even worse, and rather than absorb the full consequences of her previous folly, she abandoned the gold standard completely in 1931, tearing asunder what remained of the fabric of confidence and inducing a world-wide series of bank failures. The world economies plunged into the Great Depression of the 1930's.
With a logic reminiscent of a generation earlier, statists argued that the gold standard was largely to blame for the credit debacle which led to the Great Depression. If the gold standard had not existed, they argued, Britain's abandonment of gold payments in 1931 would not have caused the failure of banks all over the world. (The irony was that since 1913, we had been, not on a gold standard, but on what may be termed "a mixed gold standard"; yet it is gold that took the blame.) But the opposition to the gold standard in any form — from a growing number of welfare-state advocates — was prompted by a much subtler insight: the realization that the gold standard is incompatible with chronic deficit spending (the hallmark of the welfare state). Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes. A substantial part of the confiscation is effected by taxation. But the welfare statists were quick to recognize that if they wished to retain political power, the amount of taxation had to be limited and they had to resort to programs of massive deficit spending, i.e., they had to borrow money, by issuing government bonds, to finance welfare expenditures on a large scale.
Under a gold standard, the amount of credit that an economy can support is determined by the economy's tangible assets, since every credit instrument is ultimately a claim on some tangible asset. But government bonds are not backed by tangible wealth, only by the government's promise to pay out of future tax revenues, and cannot easily be absorbed by the financial markets. A large volume of new government bonds can be sold to the public only at progressively higher interest rates. Thus, government deficit spending under a gold standard is severely limited. The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit. They have created paper reserves in the form of government bonds which — through a complex series of steps — the banks accept in place of tangible assets and treat as if they were an actual deposit, i.e., as the equivalent of what was formerly a deposit of gold. The holder of a government bond or of a bank deposit created by paper reserves believes that he has a valid claim on a real asset. But the fact is that there are now more claims outstanding than real assets. The law of supply and demand is not to be conned. As the supply of money (of claims) increases relative to the supply of tangible assets in the economy, prices must eventually rise. Thus the earnings saved by the productive members of the society lose value in terms of goods. When the economy's books are finally balanced, one finds that this loss in value represents the goods purchased by the government for welfare or other purposes with the money proceeds of the government bonds financed by bank credit expansion.
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.
This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard.
Fun Fraudonomics Facts
Ever since I got kicked out of Russia and forced back home, I’ve been collecting all kinds of news articles about fraud, in a document file titled “America Is Russia.” Here’s a sampling.
* Accounting Fraud: Last year, America’s leading banks were insolvent. So Tim Geithner and Larry Summers forced an accounting rule change called “mark-to-model,” which let banks essentially scrape a pile of dogshit off the sidewalk, fling it into a vault, and mark it “worth 1 billion dollars.” Voila! The banks are making record profits.
* Big Pharm Fraud: Between May 2004 and March 2010, a handful of top drug companies like Pfizer, Eli Lilly and Bristol-Myers paid over $7 billion in criminal penalties for bribing doctors to prescribe drugs for unapproved uses, but it was a small price to pay for the tens of billions they earned poisoning Americans. Up to 100,000 Americans die every year from misprescribed drugs. Bummer for you guys.
* Greenspan Fraud: America’s central banker didn’t believe fraud is a crime that should be regulated, and he forced out a do-gooder regulator named Brooksley Born, who disagreed. Then Alan Greenspan pumped up the biggest housing bubble in human history, and once it was ready to burst, he quit the Fed and went on the payroll of three firms that made billions on the subprime crash: Paulson & Co., Deutsche Bank, and Pimco.
* Bond Fraud: America’s $2.8 trillion municipal bond market is rife with so much fraud, thanks to contracts done in backroom deals, it’d make an Uzbek bureaucrat blush. It wasn’t always this corrupt: In 1970, 85 percent of muni bond deals were done through open tenders, but last year, only 15 percent of bond deals were done in the open. Result: Muni bond defaults soared 20 times in 2009 over 2008.
* Regulatory Fraud: In the OTS, OCC, Fed, pension benefit guaranty agency and of course the SEC, where whistleblowers were routinely ignored because the regulators were too busy painting their monitors while surfing sites like fuck-my-.
* Journo Fraud: The Washington Post got caught whoring out their venerable editorial staff to corporate lobbyists for anywhere from $25,000 to $250,000 a date, depending on the access. The%u202FAtlantic Monthly admitted to TalkingPointsMemo that it routinely sold access to its editorial staff for cash. Henry Blodget, banned for life from the securities industry by the SEC for committing fraud, runs a media site called Business Insider, which has Blodget articles like: “HOLD EVERYTHING: The SEC’s Fraud Case Against Goldman Seems VERY Weak.”
* Teaching Fraud: Fifty-three percent of MBA students admit to cheating, more than any other discipline. In 1940, only 20 percent of university students said they cheat; today, that number is as high as 98 percent. The same with schools, where administrators routinely fix their students’ standardized test scores. Half of all elementary schools in Georgia may have fudged their students’ scores; two-thirds in California.
* Judicial Fraud: Juvenile court judges in Pennsylvania took millions of dollars in kickbacks from privately run prisons in exchange for sentencing thousands of innocent kids to juvenile prison terms. Chronic on-the-bench masturbation is running rampant: an Oklahoma judge was accused of using a penis pump on the bench, while nearby in Texas, a Harris County judge masturbated and ejaculated on a defendant’s hand.
* Lit Fraud: James Frey’s addiction “memoir” A Million Little Pieces turned out to be A Million Pieces of Bullshit, the biggest literary fraud of our time. Fooled readers sued, Oprah chewed him out and Frey is now a bestelling “fiction” author.
dantesrevival
25-08-2010, 03:52 PM
according to CIA, MI6, Opus Dei and Interpol sources
yeh like we should trust and believe this collection of cunts!
real6
25-08-2010, 04:09 PM
A book entitled Collateral Damage, that 9/11 was really about destroying the bonds held in the WTC which were used to finance the 1991 collapse of the Soviet Union and were soon coming due in 2001.
Also why building 7 which had SEC offices and the Pentagon where everything was being investigated by the ONI (Office of Naval Intelligence) were destroyed.
This also fits right in time wise with Bush Senior who was in actuality the Kingpin of the Soviet collapse and Reagans's Vice President (81-89) and POTUS (89-93). As well as Greenspan who was Chairman of the Fed from 1987 - 2006.
I will have to dig up the book. Very interesting because it goes all the way back to the gold stolen from the Germans and Japanese after WWII, of which the Japanese's Gold was hidden in the Philippines and later confiscated by the Americans. And stored in the WTC.
Basically "The White Dragon Society" has reported offering the Vatican and other Countries up to 60 billion a month to "end poverty" and balance the worlds finances writing off all the countries debts and to bring together in a truce jews, muslims, and christians.
Apparently they talked with the vatican and they told them no. Somehow or another the Vatican was offered this but refused because they would have to "disclose" the corrupt financial system that has enslaved people for lifetimes....so they denied the money or something.
What I got figured out is that one way or another some of these gold bonds owned by the White Dragon Society to be used for the above purposes was siezed and exploited by different governments to be used for their own interests instead of what the "White Dragon" required as terms for the gold bond usage (ending poverty-uniting humanity).
From what I gathered there is supposed to be a "disclosure" and the White Dragon Society is going to be behind the restoration of balance financially...because they have like trillions in gold bonds...
Recently I discovered in Tokyo an ancient shrine that has been sealed off from public view. When I entered the Shrine I felt a powerful subjective sensation of white light and power. I was with a Japanese psychic whose family has long guarded secret Shinto knowledge, including of the Goddess Benten. She also claims to have seen a white light and experienced unusual power there. At the entrance to the shrine we found a stone pillar with the inscription 白龍王 meaning “the White Dragon King.”
In legend the Goddess Benten was supposed to have married a powerful white dragon in order to stop it from killing children. Because of this unusual occurrence (yes I really did find such a place by accident), we have decided to rename the Black Dragon Society as the White Dragon Society.
The White Dragon represents warriors who obey the rules of Chivalry and Bushido. That is to say, they will never strike the first blow, they will never attack women, children and non-combatants and they will fight to defend the weak and the downtrodden.
We remain sympathetic to the philosophy of the original Black Dragon Society founded by Mituru Toyama and others. However, while the Black Dragon Society had an Asian orientation, the White Dragon looks to protect the entire planet, including the weakest living creatures.
May 26, 2010
While it may seem premature to include Egypt in this list since they formally signed a peace treaty with Israel, Egypt is definitely headed for regime change. It should also be noted Turkey has a state-of-the-art NATO-equipped military Nor is the United States likely to intervene militarily on behalf of Israel given the current political situation in the US these days.
It should be noted that the offer of $60 billion a month to the White Dragon Society was made contingent on coming up with some sort of settlement of ancient disputes between the three main peoples of the book: the Jew/Protestants, the Vatican and the Muslims.
The solution is really quite simple to reach now that the nightmarish Satanic plan to enslave humanity is coming to an end: live and let live. If you look at the situation objectively you will see there is no reason for conflict between these groups, all the fighting and strife between them has been artificially engineered.
As usual, there is a lot we are being asked not to report at present in order to prevent ongoing, sensitive negotiations and preparations from being derailed. We do not expect any public announcements yet but we can say that this week’s Bilderberg meeting in Spain is being countered by a secret, extremely powerful non-Bilderberg meeting elsewhere. The secrecy is only temporary and is meant to protect people’s lives until the situation is ready for the long-awaited public announcements. Until that happens, hope for the best and prepare for the worst.
Old Glenn Beck story that i missed....
June 22, 2009 - 11:44 ET
Deroy Murdock
- National Review Online columns
GLENN: We have Deroy Murdock. He is with Scripps‑Howard, syndicated columnist, been following this. And you've been ‑‑ you are like the only one covering any of this. Can you bring him up, please, Dan? Are you there?
MURDOCK: Hello, Glenn, how are you?
GLENN: You are the only one covering this, you and the Financial Times.
MURDOCK: It's pretty FT, you and me, all three of us.
GLENN: Why? Do you have any idea?
MURDOCK: I guess we can be charitable saying we've got the chaos in Iran going on here, all sorts of stuff happening, we've got the U.S. Open.
GLENN: U.S. open. I want to go through a couple of these inconsistencies here and see what you have and see if you can come up with any logical explanations to make this all go away because I think you and I both agree this could be nothing, but something's wrong.
MURDOCK: I wouldn't say it's nothing. The best‑case scenario is that this is a major counterfeiting operation or at least an attempt at a major counterfeiting prime, if you will. That's nothing when you are dealing with numbers like this. So this is a big story whether these are real bonds or fake bonds.
GLENN: Worst‑case scenario?
MURDOCK: Worst‑case scenario is that this is an effort by either Japan or China or some major country to unload a lot of dollars because they are afraid the dollar's going to tank and they are trying to get out early while they can without dumping so much that the entire world notices and they develop panic kind of like trying to sneak out of the room very quietly. And if you've got a major player like Japan or China, whichever it is, having that little confidence in the dollar because of our spending and printing money, that's a very, very bad sign.
GLENN: What would that mean to us?
MURDOCK: I think what it would mean is at some point bond traders and currency traders are pretty savvy people and if they start seeing that people are sneaking out of the room, then rather than a couple sneaking out, you get people rushing for the exits and if you have a real run on the dollar and the dollar drops by a major ‑‑ by a consistent amount, that pushes up gas prices, that slows down the economy, that increases our borrowing costs. That has an effect on the federal budget and it just creates even more economic headwinds which is exactly what we don't need right now.
GLENN: Okay. So here are the inconsistencies in this story. The smugglers have been identified in the press as Japanese nationals. Have you received any confirmation that they are Japanese nationals?
MURDOCK: People think they are Japanese but there's been no clear confirmation that they are.
GLENN: We talked to somebody, somebody who knows, protocol on, you know, embassies and everything else and ask them, if you arrest someone with a Japanese passport or an American passport, does the consulate know. He said it is standard operating procedure. This isn't a Banana Republic. This is Italy. It is standard operating procedure for the officials to notify the consulate that we have your citizens; they are being held for X, Y or Z. We called on Friday, we called the treasury, the Secret Service, the office of, what is it, budget and debt or something like that.
MURDOCK: The Bureau of Public Debt which is a division of the treasury department.
GLENN: Correct. We got the runaround with all three of them. We were then sent to whatever the Italy, you know, financial Secret Service is over there.
MURDOCK: The financial police, the (inaudible) it's called.
GLENN: Uh‑huh. And they sent us to the local police. The local police sent us to the Japanese consulate. The Japanese consulate said they didn't have anything. There's no one that will confirm or deny any part of this story of who they are, where they come from or if they are even being held.
MURDOCK: Remarkable, isn't it? You've got fingers pointing in every direction and mouths being covered. And no one will ‑‑
GLENN: Which leads you to believe ‑‑ the treasury said to me on Thursday, the bureau of debt.
MURDOCK: Public debt.
GLENN: Public debt, said that these are obvious fakes. Now, my problem with that was obvious fakes? It's taken you how many weeks to decide that they were obvious fakes?
MURDOCK: This is again very strange. This whole incident occurred on June 3rd. It took two weeks. June 17th was last Wednesday when I was working on this story and I saw this story from the ‑‑ well, let me back up a little bit. The Italian authorities according to Bloomberg had contacted the Securities & Exchange Commission to determine whether the bonds were real or fake. I contacted the SEC and the spokesman there said, "I think I'm going to decline to comment." So he wouldn't say what was going on. And then later that evening I saw a story from I believe Bloomberg saying that the treasury department, in fact, determined that they were fakes and this is according to treasury spokesman Steven Meyerhardt. That's Wednesday night. Then Thursday evening about 4:30, roughly 24 hours later, Reuters, which is a very well respected and well known international news agency authorities the authorities are still trying to determine whether the bonds are fake or real. This is 24 hours after the treasury department says they are fake. So again ‑‑
GLENN: Now, wait, wait. I have an update for you.
MURDOCK: Okay.
GLENN: On Friday, because I saw that Reuters story, too, and I said wait a minute, something's ‑‑ I mean, we were just told. How could this story be true with Reuters?
MURDOCK: Yeah.
GLENN: Reuters stands by their story. So we call the treasury back: The Secret Service issues a statement for air and the statement was, of everything that we have seen on the Internet, the photos that we have seen of these bonds on the Internet, tell us that they are most likely fakes.
MURDOCK: Isn't that remarkable?
GLENN: On the Internet?
MURDOCK: Isn't that amazing? You've got somebody walking around with $134.5 billion, not million, folks, billion with a B, $134.5 billion which would be equal to approximately 1% of our economy and about 3% of the federal budget if you do rough calculations and you would think over a two‑week period, 14 days, the United States government would manage to get some guys from the Secret Service, the treasury or whatever it is, SEC to hop on some planes, fly over to Italy, sit down with their opposite numbers, their colleagues from Italy and look at these things with magnifying glasses or microscopes or special pens or radars, lasers, whatever it is and say these things are fake or these things are real. And after two weeks you still have people saying, gee, I'm not sure. Reuters says they're not sure if they're fake or not; the treasury says they are. We still have a lack of clarity here. Over $134.5 billion question.
GLENN: They say that these ‑‑ this is according to the Bloomberg article that was early. They said these bonds were dated as of 1934, but $500 million bonds didn't exist in 1934. Police are still waiting for the declaration regarding the bond's authenticity from the SEC, yada, yada. How can anyone say that these would be indistinguishable if they were indeed dated 1934? It would make it a cartoon.
MURDOCK: It would, yeah. If they ‑‑ it would be like seeing an article, you know, newspaper talking about President Obama dated 1965 or something like that.
GLENN: Yeah, it doesn't ‑‑ it defies logic.
MURDOCK: Then if that's the case, then on Day One or Day Two they should have said people at the arrested at the Italian border carrying counterfeit documents, we've inspected them on the scene, everybody go back to work, there's nothing to see here. And instead after two weeks you still get these inconsistencies and these ongoing questions.
GLENN: Now, you have also that these would be counterfeit. If they would be counterfeit, just help me out on this. Again we may have cartoon characters counterfeiting money that think also the best way to kill people is to drop a safe from a window or a piano out of a window, right. And those people, there are stupid people. But generally speaking you can't make a counterfeit bond on your Xerox machine and so they make this counterfeit bond but they make them in denominations that no one has ever seen before.
MURDOCK: That's right.
GLENN: And they are apparently trying to fence something that only a government would have had.
MURDOCK: That is correct. If you are a counterfeiter and you want to make a fake document of whatever kind, you need a real document as a basis. Now, if you were going to make fake $20 bills, it's very easy. Go to the bank, get yourself a $20 bill and then you start making your copies. If you want to make fake $500 million bonds, which is what most of these were, 249 of them, you've got to get yourself a real $500 million bond as a model. Where do you get that? You don't just go to the bank and pick one up. You don't just walk into some insurance agents and say I'd like to borrow your $500 million bond. I don't think the Chinese or Japanese or Australian treasury department would say, yeah, go ahead and borrow our $500 million bond, just bring it back when you are done. So the question is how did even cartoon‑like counterfeiters as you describe them get their hands on one of these things? Now, it could be that they have got some insider who is slipping these things out after hours saying, okay, you've got the weekend, you know, bring it back before Monday morning, then I'll put it back in the safe. Even if that's the case, you've got yourself a leak somewhere in some major national bank who's letting this stuff slip out because these are not, they don't circulate pri vately, they circulate among governments.
GLENN: Don't they have serial numbers?
MURDOCK: I believe they have serial numbers, yes. And it ought to be pretty easy to trace and track and match the serial numbers with the countries that originally got these because again this doesn't trade like currency when you go pay for your groceries or go pay money to a cabdriver.
GLENN: If I had a ‑‑ let's just say I had a $500 million bond and they were real, okay? I mean, you know, they actually printed a $500 million bond and, you know, we found the suitcase over in Italy and you were the treasury. Wouldn't you be able to, over in Italy, call you in the treasury and say, "Hey, we just have this certificate; it's $500 million; it's serial number 117945," and the treasury be able to look that up and say that belongs to Glenn Beck?
MURDOCK: I would think so. I would think so. It's possible between 1969 when we stopped issuing bonds that size and now those records got lost, but I would think seriously that if the U.S. Government wants to keep track of its public debt, they would have those records. They should have those records.
GLENN: I don't think we would lose 500 ‑‑ where did I put that receipt for $500 million?
MURDOCK: I don't think we would lose receipts for that kind of money, I don't think so. I would think it might take a little while to dig them up but those records have to exist, they must exist.
GLENN: Deroy, just off the ‑‑ I don't even know if you want to go on record because you are not a conspiracy guy, you are not a ‑‑ I mean, you are a serious dude.
MURDOCK: I have my serious moments, yes.
GLENN: You want to go out on a limb and speculate on what you think this is going to end up being?
MURDOCK: It's hard to say. I think you can make a plausible argument for any of these things. This could be people who look like Japanese nationals but actually are North Koreans who are trying to do something either to get actual money or maybe just to create some confusion and harm the U.S. dollar and harm the U.S. economy by creating doubts about whether our bonds are legitimate or not. This could be a legitimate government trying to sneak out the door, if you will, quietly and unload some dollars before the dollar gets weaker. There is an argument that this was something done by the Italian Mafia. But if this were the Italian Mafia, why would they not just give the Brie case to some Italian citizens who speak the language, blend right in, can go across the border without being noticed. No, let's not do that. Let's find two Japanese guys, give them the briefcase and let them stand out and get caught. That doesn't make any sense.
GLENN: Is there any ‑‑ I mean, just the number sticks out to me and this is it. $134.5 billion. Exactly the amount of money that we had in TARP. Is there anything that would say to you that our government is double‑dealing on debt, issuing more debt than we are wanting to admit?
MURDOCK: Boy, this is a hell of a way to do it. I can't imagine that the U.S. Government, if we are trying to collect more money than we were able to, would engage in this sort of thing. I mean, the Fed certainly can create money. They just do it like that. That's easy.
GLENN: Right.
MURDOCK: It is interesting that this $134.5 billion figure matches the act amount of money that was left in the TARP account on March 30th.
GLENN: Coincidence.
MURDOCK: Isn't that odd, what a bizarre coincidence, how strange that is.
GLENN: But it is ‑‑ but you do believe it's just a coincidence?
MURDOCK: Who knows. This is a very, very strange case. Now, I can tell you that again the strangest continues. There's something called Turner radio network and they are reporting ‑‑
GLENN: No, I checked into that. No, no, Deroy, checked into that.
MURDOCK: I called and no one answered the phone. I thought that was odd.
GLENN: There's a reason. I'll explain that to you off the air.
MURDOCK: Okay.
GLENN: And I saw that today and it's ‑‑ uh‑uh. Deroy, thank you very much. We'll talk again.
MURDOCK: Very good. Thanks a lot. Bye‑bye.
real6
25-08-2010, 04:21 PM
AFFIDAVIT AND TESTIMONY
OF DR. LEONARD HOROWITZ
REGARDING THE MURDER OF
JOURNALIST EDWARD HARLE
INVOLVING AGENT-PROVOCATUERS AND
CO-CONSPIRATORS BENJAMIN FULFORD,
GREG SZYMANSKI, AND OTHERS
LINKED TO LIBEL AND A PLOT
TO ASSASSINATE
DR. LEONARD HOROWITZ
This Affidavit is based on my personal knowledge, except where otherwise stated, and, if called upon to do so, I could and would competently testify to the matters herein stated.
During late July, 2010, many people contacted my office irate that my name appears on a tainted list of "Knights of Malta" members circulating the Internet, and fraudulently attached to a murdered journalist’s last report.
I conclude, based on the overwhelming substantive material evidence compiled in this affidavit, that Edward Harle, pen name Christopher Story, a world famous financial journalist, was assassinated.
The primary agent-provocateur, Benjamin Fulford, is a David Rockefeller devotee, an alleged member of an Asian Secret Society of assassins, trained at the Jesuit-University in Tokyo, Japan, Sophia University, and an obvious propagandist operating to disturb attitudes affecting international affairs, and particularly East/West relations. Fulford threatened Harle’s life, according to Harle, after these financial journalists became embattled.
Fulford forged Story's alleged final report, making it appear that journalist Jane Burgermeister had been in contact with Harle before he died, and e-mailed him a copy of the tainted "Knights of Malta" list that currently circulates as though part of Harle’s last writing. Ms. Burgermeister denies Fulford’s claims, and for a good reason. Harle was already dead when Burgermeister mailed her list to Fulford.
The fact is Fulford, operating within the same intel network as the source of the forged list, Greg Szymanski/Eric Samuelson, knew very well that Burgermeister did not source this list. Thus, Fulford is also liable for framing Burgermeister, as well as me.
Jane Burgermeister now regrets having circulated the libeling and fraudulent document. And she regrets Fulford’s actions for having created division among independent journalists fighting for human rights and survival.
Ms. Burgermeister recently issued a suicide note, in advance of further persecution, defamation, and incarceration by the Illuminati that directs the drug cartel, advancing biochemical warfare against We The People.
The tainted list, that falsely including my name, was prepared by the second agent-provocateur, Eric Samuelson, “JD,” an alleged lawyer that seems impossible to trace or contact by e-mail. Samuelson’s list fraudulently included my name due to Greg Szymanski, “JD,” a widely-suspected CIA agent-provocateur. Substantial evidence indicates Szymanski and Samuelson are the same person, operating within the counter-intelligence corps of the Illuminati that Harle, a British Monarchy loyalist, claimed was advancing “World Revolution.”
Edward Harle/Christopher Story’s outstanding voluminous journalism was secured by an unparalleled intelligence network that obviously included MI6 and CIA informants. His scholarship and prestigious professionalism made Benjamin Fulford’s journalism, virtual rantings, pale by comparison. So Fulford’s jealousy is relevant and evident.
In fact, Harle’s report of Oct. 27, 2009, indicts Fulford as a professional liar. From this it is evident the two men hated each other.
Harle wrote that the Rockefeller/Bush-Cheney/MI6/CIA gestapo was threatening to murder him. Harle also wrote that
Fulford was threatening to have him assassinated.
Fulford's special interests in defaming me, known internationally as Dr. Leonard Horowitz, are made obvious in the photograph above in which Fulford poses for an interview with David Rockefeller. I have been at the forefront of Rockefeller whistle-blowing for more than a decade.
Fulford’s links to the Illuminati are reasonably assured by his family history that records a long term alliance with the Rockefellers according to Fulford's own writings on .
Greg Szymanski: The Source of the Libel
The list, in which my good name is smeared, includes notorious characters I have been exposing most powerfully in publications and films for nearly two decades--David Rockefeller, Henry Kissinger, J. Edgar Hoover, and many others.
Frankly, the inclusion of my name on this list is laughable in that it is so ludicrous. Yet it is tragic in that it is aimed to confuse gullible seekers of truth, discredit me, and advance an assassination plot against me that is evidenced below.
Additionally, consider Szymanski/Samuelson (hereafter referenced as SS) engages a gang of mutual promoters that includes other widely discredited theological fanatics, Eric Phelps and Leo Zagami. These men, as agent provocateurs, operate to trigger distrust and hate among every segment of susceptible society. SS’s convincing propaganda and libel set the stage for my planned assassination to be easily reconciled by the media as caused by a typical psycho-pathetic religious zealot.
SS’s manufacture and successful distribution of confusing and provoking propaganda by third parties, evidenced by his articles scattered across the Internet, demonstrates how easy it is to mislead people wherever any fool or media outlet wishes to direct them.
A review of SS’s articles and interviews proves he, much like Fulford, advances divisive embittering arguments and rhetoric condemning of various ethnic, religious, and political factions.
For instance, SS libel(s) me as a “Vatican shill, despite the fact that I am Jewish, and have zero known connection to the Vatican through my ambassadorship and humanitarian work with the World Organization for Natural Medicine and the Knight Hospitaller organization meriting me.
Szymanski has been repeatedly cited for fraud and buffoonery in the World Independent News Group's "Hall of Shame." He fraudulently wrote in March, 2009, that I was "knighted into the Sovereign Military Order of Malta (SMOM)," falsely claiming this was the same as the "Sovereign Orthodox Order of the Knights Hospitaller of St. John of Jerusalem."
Which Knights Hospitaller?
The fact is, as every historian, or even simple Google search, evidences, the two organizations SS consciously confuses for my libel are completely different, each going through periods of dysfunctions, dissolutions, infightings, and out-fighting, reflecting typical human ignorance and egocentricity as those who claim holiness and personal integrity are engaged in quests for wealth and power.
A great example of this is what happened shortly after I was knighted, following my nomination by Charles McWilliams, pictured here. Dr. McWilliams, with allegedly good intentions, mutinied against the deceased Count Nicholas Bobrinskoy's official Hospitaller organization, and left the advancing restoration of this honorable Knights Hospitaller (into which I was knighted) severely compromised. It also left me considering the possibility that McWilliam's encouragement, enrolling me into the noble mission of the original Order, was regrettable, as his actions ultimately would breed contempt for him, his new Order, and the health organizations within which we shared memberships; as I told him. This included the World Organization for Natural Medicine (WONM) that McWilliams ultimately resigned from to start his own parallel entity.
So Old World politics are alive and well in our current New World Order.
[Author’s note: Seriously, if the Knights Hospitaller organization dysfunctioning today, that is, barely surviving due to infighting, reflects direction and administration by the Pope, as Szymanski, Leo Zagami, and Eric Jon Phelps claims, God help Catholics.]
SS’s Other Favorite Target:
Anton Lavey Wannabe Leo Zagami
Pictured here is the man, Leo Zagami, SS heavily discredits during a radio program in which he attacks me. This Zagami character is manufactured to discredit me, and reconcile, for the public, a plot in which I was, or am, to be murdered.
Here are the manufactured parallels in our personal identities:
Zagami alleges to be a third cousin to Prince Charles, and a high-ranking Illuminati Grand Master. I claim Davidian and Mosaic blood lineage, live birth in the City of Brotherly Love, Philadelphia, as per the one heralding the “key to the House of David” required for resolution of earth’s urgencies. (Rev. 3:6-8; Isaiah 22:22)
Like SS and me, Zagami claims to blow whistles on the Illuminati’s crimes.
As I have launched , , and to advance a Spiritual Renaissance, Zagami contends a similar musical affection and spiritual pilgrimage, but he speaks about it with a bogus passion.
Zagami shares zero scientific, spiritual, or mathematical intelligence about his musical ministry. His ongoing music mosque copies my collaboration with Jonathan Goldman.
In 2009, this collaboration sponsored an international event involving groups from dozens of nations, including an online temple celebration, honoring the Spirit of God’s love in water--LIVE H2O--The Concert for the Living Water.
Now, Zagami is pictured above wearing the white cross of the Hospitallers. It matches Dr. McWilliams’s Hospitaller insignia. Yet he claims to be a Templar knight. This is hogwash!
His Hospitaller disguise is fabricated to render me impotent, or set the stage for media rationalization for my planned assassination by religious fanatics..
Here’s more proof.
The photo here shows a traditional Templar knight with a red cross, next to a Hospitaller knight with a white cross.
Surely Zagami would know the difference, as would Szymanski and Eric Jon Phelps. They claim this area of expertise in their alliance. They are most knowledgable about, and claim to detest, the Vatican and their alleged list of Malta knights.
Zagami’s blog propaganda claims he has “more knowledge on the true inner workings of the many different aspects of the Illuminati than any ‘researcher’ out there is capable of.” This writing appears to have been written by Szymanski/Samuelson, who has launched a plethora of propaganda sites supporting this sophisticated intelligence operation that is costing a lot more than the salaries of these criminals.
Their whole operation is a deadly conspiracy.
None of this is “coincidental.” It is a planned, and hereby busted, Illuminati conspiracy involving me in Harle’s murder.
This is a most obvious fraud with Szymanski’s buddies Eric Jon Phelps, Fulford, and Zagama operating as mutual promoters, and beneficiaries.
Look at Zagami’s appearance. He is made-up to look like the new Anton Lavey--the infamous founder of the Church of Satan--an author, occultist, and musician.
Zagami’s images on the Internet nearly all look like Lavey’s.
This deadly, demonic, hoax is intended to intimidate We The People, to have us shiver with fear and flee. This group of criminal buffoons must not be tolerated, and I call upon every responsible law enforcement officer and We The People to demand the immediate arrest and trial of these agents of darkness.
Below is picture of the morose-looking Fulford, interviewing Zagami, extending their publicity and Illuminati conspiracy. These agents work together propagating fear and hate for planned World War III--the Muslim World, China, and Russia, with their Middle Eastern allies, against the British-American alliance.
Szymanski’s Links to the 9-11 Terrorist Attacks
Now that you know who these men are, and what their agenda is, the next step is to trace their operation to possible pay-masters and handlers. I used two things to do this--a high speed Internet connection, and patience.
You now know this trio, Szymanski/Fulford/Zagami fabricate controversy, propaganda, and websites. You know Szymanski/Samuelson steals and creates identities. (This is even charged by many listeners commenting on his YouTube postings.) He stole my identity, “Leonard Horowitz,” and forged it into a high ranking Maltese knight.
So to see if he stole any other identities of real persons, legitimate Christian humanitarians, or scholars, I decided to track some of Szymanski’s links. Here’s one example:
SS posted his list on the Bible Believers ministry website. This, then, became one of his many fraudulent “Knights of Malta” lists circulating from this domain:
Szymanski makes repeated mention of Bible Believers in his writings, with the capitalization of both words evidencing a cult.
Clicking the above link takes you here:
You see a reasonably professional Christian ministry is represented.
But do a Godaddy search and you find a Canadian, not Australian, owner and administrator:
Domain ID:D951474-LROR
Domain Name:
Created On:03-Oct-1996 04:00:00 UTC
Last Updated On:25-May-2008 06:18:47 UTC
Expiration Date:02-Oct-2016 04:00:00 UTC
Sponsoring Registrar:Network Solutions LLC (R63-LROR)
Status:CLIENT TRANSFER PROHIBITED
Registrant ID:42753062-NSI
Registrant Name:Cloverdale Bibleway
Registrant Organization:Cloverdale Bibleway
Registrant Street1:18603 60 Avenue
Registrant City:Surrey
Registrant State/Province:BC
Registrant Postal Code:V3S 9C7
Registrant Country:CA
Registrant Phone:+1.604576133
Registrant Email:webmaster@
Admin ID:42753062-NSI
Admin Name:Cloverdale Bibleway
Admin Organization:Cloverdale Bibleway
Admin Street1:18603 60 Avenue
Admin City:Surrey
Admin State/Province:BC
Admin Postal Code:V3S 9C7
Admin Email:webmaster@
Tech ID:42753062-NSI
Tech Name:Cloverdale Bibleway
Tech Organization:Cloverdale Bibleway
Tech Street1:18603 60 Avenue
Tech City:Surrey
Tech State/Province:BC
Tech Postal Code:V3S 9C7
Tech Country:CA
Tech Phone:+1.604576133
Tech Email:webmaster@
Notice the telephone numbers are all missing one digit. This implies the owner of this twenty year long investment, beginning in 1996, could never be reached by phone; and for a good reason.
“Registrant Organization: Cloverdale Bibleway,” is directed from the spirit work by a man who died in a car accident in the 1960s. He was the infamous “healing evangelist,” alleged demonic occultist, William Branham. His ministry today is reportedly operated by Pastor Edward Byskal who “was a personal acquaintance” of Branham.”
The chief administrator for the online ministry is Michael Rae. The only Michael Rae found on a Google search of BC, Canada, exposes an “Investment Advisor at Global Securities,” a global investment banker from the Global Securities Company.
Now here’s where the conspiracy gets more interesting and tangible.
The Global Securities Company’s director, Art Smolensky, is reported to be a Jewish philanthropist linked to Muslim financial dealings, including the shorting of stocks the day before 9-11-01. He helped liquidate the account of Wall Street heavyweight, Islamic terrorist suspect Khaled (Anthony) Elgindy, according to this detailed report.
(Below is a Godaddy printout linking Branham’s ministry, , to BC, Canada’s Michael Rae and Global Securities Co., focusing the spotlight on Anthony “Tony” Amir Elgindy.
The registrant of is:
Domain ID:D3285170-LROR
Domain Name:
Created On:19-Mar-1997 05:00:00 UTC
Last Updated On:24-Nov-2009 20:57:58 UTC
Expiration Date:20-Mar-2014 05:00:00 UTC
Sponsoring Registrar:Network Solutions LLC (R63-LROR)
Status:CLIENT TRANSFER PROHIBITED
Registrant ID:23461466-NSI
Registrant Name:Cloverdale Bibleway
Registrant Organization:Cloverdale Bibleway
Registrant Street1:18603-60th Avenue
Registrant City:Surrey
Registrant State/Province:
Registrant Postal Code:BC
Registrant Country:CA
Registrant Phone:+1.9999999999
Registrant Email:clovbib@
Admin ID:43698928-NSI
Admin Name:Michael Rae
Admin Street1:18603 60th Street
Admin City:Surrey
Admin State/Province:BC
Admin Postal Code:V3S 7P4
Admin Country:CA
Admin Phone:+1.6045761337
Admin FAX:+1.6045761370
Admin Email:mrae@
Tech ID:43698928-NSI
Tech Name:Michael Rae
Tech Street1:18603 60th Street
Tech City:Surrey
Tech State/Province:BC
Tech Postal Code:V3S 7P4
Tech Country:CA
Tech Phone:+1.6045761337
Tech Phone Ext.:
Tech FAX:+1.6045761370
Tech FAX Ext.:
Tech Email:mrae@
Name Server:NS1.
Name Server:NS2.)
Link here and you can see Michael Rae is related to Rev. Tom Rae of the Cloverdale Bibleway ministry, reported here to be a “non-denominational Fraser Valley church.” Michael Rae technically serves in video production besides web administration for the church.
Below is a video of Rev. Rae spewing “God failed in the flesh!”
Click here to link the murder of congregation member Silas
O’Brian, brother-in-law of Michael Rae, by these suspects. Silas, according to “Brother Tom Rae,” allegedly refused to accept Jesus, concerned he would lose “a lot of friends from his old life.” “He made the choice, said Rae,” as reported by Canada’s CTVNews.
According to news reports posted on website, the murder on March 13, 2008, was falsely reported as the result of “road rage.” CTV’s report described a premeditated attempt to kill O’Brien and his two friends. A blog reported 2 men were initially arrested. It took 10 months until the single murder “suspect” was identified. The RCMP released the man, Brent Donald Parent, pending his trial, and gave zero account for his motive. (See brief RCMP release on the case.) His truck and drivers license was returned, and Parent roams free at the time of this writing.
GREG SZYMANSKY and BENJAMIN FULFORD Are Hereby INDICTED FOR THE MURDER OF EDWARD HARLE and for LIBELING DR. LEONARD HOROWITZ IN A PLOT TO ASSASSINATE HIM
HERE IS EVIDENCE THAT EDWARD HARLE WROTE ABOUT ANTHONY AMIR ELGINDY, and about Szymanski and Fulford as “MESSAGE BOARD OPERATORS, PAID PUMPERS, PAID BASHERS” AND “LOWER LIFE FORMS.”
This evidence is adequate for a murder investigation of these agent provocateurs, obviously involved in a conspiracy to kill Harle and libel me to create a diversion in the “patriot community” to obfuscate the agent provocateurs’ involvements in the murder(s).
Libeling me also provides an alibi for my pending “religious murder,” as I am now, because of their libel, falsely suspected as playing a part in the alleged “Knights of Malta” involvement in Harle’s murder.
It should also be noted that Szymanski’s Bible Believers publishes a list of Council on Foreign Relations Members, uniquely marking with a “J” “Jewish” members. This matches Szymanski’s ethnic slurs referring to gentiles as “goyim” or “cattle” as per the Protocols of the Elders of Sion. As a Judeo-Christian, I appeal to congregations of religious persons, and human rights activists worldwide, to intervene in these proceedings, to assure my safety and the service of justice in the murder of Edward Harle.
Szymanski/Fulford/Zagami et al. are HEREBY INDICTED AS ACCOMPLICES IN THE CONSPIRACY TO MURDER EDWARD HARLE, based on the aforementioned substantive evidence and their motive to terminate his BARAGE OF SHOCKING INDICTMENTS AGAINST THEM, THEIR CIA HANDLERS, AND THE PARTIES EDWARD HARLE EXPOSED, INCLUDING THE GOLDMAN-SACHS/JP MORGAN-CHASE, ROTHSCHILD LEAGUE OF BANKS, CRIMINALLY CRASHING THE US ECONOMY THROUGH ZERO REGULATION OF AMERICA’S FINANCIAL INSTITUTIONS.
On Sunday, 17, January , 2010, Harle wrote about the aforementioned, and cited Elgindy as his example in the “highest profile” criminal operations involving “hedge funds, including in particular those involved with the most aggressive support of naked short selling of all types of securities, their prime brokers, specific exchange officials, officials of clearance and settlement organizations for all types of securities both domestic and international, organized crime entities domestic and international, supporting regulators at federal agencies and quasi-agencies, publications and journalists. . . .
“The hedge funds that have to be targeted include the largest and highest profile ones, particularly those with admitted links to short selling syndicates, to paid adversarial negative research reports, to significant recurring short and long term fails to deliver, and to convicted felons, such as the now legendary Anthony (Amir) Elgindy.”
Motive For First Degree Murder
This case of murder and libel sources from an international occultist terrorist ring favoring the Illuminati’s Helter Skelter agenda.
Zagami, Fulford, Szmanski/Samuelson, Eric Jon Phelps, and others to be named as investigation unfold, all work for the Illuminati through the CIA, according to substantial evidence available from reliable sources, including Internet postings and correspondence to my office over the past week.
I am certain investigative journalist Sherri Kane, who has helped tremendously with this research, and I, have only exposed the “tip of the iceberg” at “Arctic Beacon” Szymanski’s main disinformation station.
Again, this cabal’s primary objective is to “mix it all up,” using the Hegelian dialectic, as Szymanski details on May 6, 2008, when he talked to himself , via his alter ego, “true patriot” Slats Grobnik, about Leo Zagami, and then me. This is now playing on YouTube.
These co-conspirators demonize and attack us, Harle and I, as enemies of the world banking league. They are in the business of manufacturing enemies of State to abuse and murder We The People.
These criminals chose me because I am credible, intelligent, popular, and heralding the Illuminati’s greatest threat--a Spiritual Renaissance. LOVE and spiritual enrichment is now Divinely/cosmically/energetically accelerating, encouraging a mass awakening that threatens their criminal enterprises decaying paradigm.
“Enlightenment” threatens those embracing “darkness,” otherwise called “evil” or “sin.” Masses of people, including scientists and scholars, are now heralding history’s greatest Spiritual Renaissance, and humanity’s emergence from imposed darkness. Many are advancing revolutionary technologies in natural healing, and inventors are “greening” everything from energy production to architecture, based on simple spiritual principles of life as an expression of musical mathematics, harmony--LOVE.
This paradigm is compelled by Divine design, not individuals, per se. Assassinating messengers, like John Lennon, Martin Luther King, Jr. or me, cannot alter the message and manifestation of world peace destined to evolve according to prophets from every culture.
Certain members of the Illuminati fear having their family’s fortunes, and centuries-old quest for global governance, lost through armed uprisings. Their focus on wealth and power, dims their spirit, and prevents them from perceiving they have already lost. Blindness to what is happening all around us, the Spiritual Renaissance, convicts them to suffer needless self-inflected punishment the religious world calls Divine judgment, and spiritualists call karma.
Their cartels and companies, enriched through manufacturing crises, cannot compete with Divine design and universal harmony freely accessible using the transformational technology of faith and prayer.
A Call to the Catholic World
In Szymanski’s YouTube clip, he exposes himself and explains the propagandist role he plays for his paymasters. He explains the Hegelian dialectic principle of generating mass confusion for complete population control. He claims this is exclusively used by the Vatican’s Jesuits--a ridiculous assertion. He says the intention is “oneness of mind,” “oneness of New World Order,” “Oneness of World Religion,” administrations of crises, and oppositions to crises, so that every action, wars included, are controlled on every side. This, he accurately reports, threatens to impose “a One World fascist government,” that operates the “One World Luciferian religion.”
Then he adds that “Revolution Jim” e-mailed him about me, “Leonard Horowitz,” to warn of my Hospitaller knighting, from which he simply concluded I am a “Vatican shill,” as supported, he said, by Eric Jon Phelps--the author of Vatican Assassins, who shares Szymanski’s divisive propaganda and criminal assignments.
“You’ve got to watch out for these guys. They are slick and sick,” Szymanski says of his ilk.
SS has zero evidence to claim my allegiance to anyone other than our God in heaven, the Creator of the universe, the Sustainer of of We The People, yet libels me a “Vatican shill.”
They are targeting me because with my allies, I am advancing peace, most powerfully, using the musical technology they have secreted in their vaults and codes.
Just look at my picture. Do I look like a “Vatican Assassin?” Do you see any difference between me and this group of thugs, in terms of “presence” (spiritual energetics) and “countenance”?
Most reasonable loving people will feel sick coming to terms with this affidavit, and my plea for prayer. We need a miracle to deliver us from this hell on earth, to bring heaven to earth.
I pray for more than my life, and the safety of my family. I pray for your lives, for the well being of your children and future generations. We must and shall overcome this evil with LOVE.
Additional Notes Follow
(and may be added from time to time)
Please Help Spread the Light of Truth
I need your help. I am asking you to spread this story everywhere to dispel this demonic darkness dividing We the People. Pray for us, and please include my children.
We can learn from this nightmare, that the discord between people of all nations and religion, is fabricated financially and theologically. Our reasons for war, along with alleged scarcity of resources, are deadly illusions financed by a tiny number of evil persons, whose power rests solely in our ignorance and silence.
Let this NOTICE serve as a call to LOVE, in celebration of our emancipation from demonic rule.
Darkness can’t stand light! With truth, and 528/LOVE, we are now advancing the “music of the light,” that overwhelms the “music of the night,” as in Phantom of the Opera.
In the last act of this performance, Christina (representing pure Christianity) offers satan her LOVE, and the demon dies.
This is what we are doing with the 528 LOVE Revolution, and anyone with reasonable intelligence can see, hear, and feel this is what we are doing, by reviewing our websites.
The Illuminati’s power is done, and it simply shows stupidity and gross ignorance, to think a few slimy propagandists, with computers and video cameras, can sustain spiritual darkness against the Creator’s advancing, exponentially increasing, light.
Their lethal manipulations of earths populations are doomed.
They are destined for misery if they maintain their affection for unrighteous action.
Change is in the air. The Spiritual Renaissance is exponentially accelerating. This best explains why I am still here writing you this message grateful for what we are advancing together, integrating LOVE--that warm fuzzy feeling you have in your heart for affection is a vibration--528 cycles per second to be nearly precise.
Please lend your analysis and discernment to the 528LOVERevolution.
In addition to prayer, the following actions have been recommended by supporters:
1.
1)Target the suspects websites with your mails and postings.
2.
2)Send letters to your local media.
3.
3)Call in to the suspects radio shows and voice your outrage.
4.
4)Some have recommended developing a petition.
5.
5)Report this evidence of criminal activity to public and private investigators.
Why I Accepted the Honor
My knighting by The Sovereign Orthodox Order of Knights Hospitaller of St. John of Jerusalem was transparent. I announced it on this blog in 2006.
At the time, I knew that my open celebration of this honor would cause some so-called "patriots" and "Christians" to take notice and express concern, but I did it anyway for two reasons:
1
) to support the humanitarian mission of the organization and its leaders, especially Dr. Sheila MacKenzie, to advance the Clinics for Humanity Project. My ambassadorship, for the World Organization for Natural Medicine, advances a very worthy cause in natural healing clinics, and academic programs, to serve impoverished people in various countries; and . . .
2) everyone needs to develop keener discernment in order to survive and thrive today, more than ever. My knighting, triggering scrutiny among some people about my perceived allegiance(s), encourages refined discernment based on one simple truth: "Ye shall know them by their 'fruit.'" (Highlights of my "fruit" are listed below.)
Alternatively, my critics who express their personal opinions, attitudes, beliefs, and judgments about what I do, who I am, and how I choose to live my life, serve simply to waste their time and energy. These busybodies are living vicariously, engaged in celebrity worship, petty jealousy, and other fruitless, silly, potentially destructive, mind games.
You can see this is true by the evidence compiled above in my affidavit. The conspirators wasted their time, energy, and money, and have created a lot of problems for themselves, playing their destructive “mind games.”
For the record, again, I have zero to do with the "Knights of Malta," or the Vatican. Both Investigative Journalist, Sherri Kane’s and my recent indictment of the Pope's chief financial advisor, Peter Sutherland, financially benefiting from the BP/Goldman-Sachs/Halliburton/Transocean Gulf Oil catastrophe, provides adequate evidence of our complete journalistic independence and zero allegiance to organized religions, including Catholicism.
[Author’s note: I do have many Catholic friends, and one Catholic in particular deserves credit for what is being accomplished by his loving labors. His name is Dr. Joseph Puleo. “Joey” passed away a couple of years ago, but created a legacy with his 1997 revelatory vision of Jesus providing the frequencies of the original Solfeggio musical scale upon which the 528LOVERevolution is based.]
I have always been completely transparent about my activities regarding my knighting, publishing the names of the officials in the original Hospitaller Order into which I was knighted; for reasons stated above, demonstrating my transparency.
Szymanzki neglected to research these officials and organizations, and instead, charged me as being a "Vatican shill." SS never contacted me, never extended any professional courtesy with reasonable integrity, thus never gained my response to his false allegation before SS published it. In law, this is called failure to do an “inquiry reasonable,” and is actionable. This alone shows how utterly untrustworthy Szymanzki, an alleged “JD,” is as a source of "intelligence."
David Icke Helped Szymanski
Szymanski enlisted the support of David Icke to extend his libel against me. David Icke published Szymanski's scathing article. Icke, who I know personally, provided significant support to Szymanski and his false claims.
I repeatedly requested that Szymanski and Icke retract their libelous postings, but neither complied. Icke never even responded.
Icke claims to be "enlightened," and himself a god--arrogantly “ordering the Creator of the universe, around like his servant,” according to his personal testimony to me.
His "godliness" neglected my repeated written requests to terminate the libelous posting. This greatly disappointed me because Icke had used much of my research on HIV/AIDS, and the pharmaceutical intelligence I published, in his works. The least he could have done, I reckoned, was withdraw a false, misleading, and degrading article about me from his blog.
I conclude David Icke takes pleasure in degrading me as a journalistic colleague, in support of those who wish me defamed. He is apparently operating in a paradigm in which he, with Szymanski and Fulford, reasons my harm, is his gain.
Fulford Abused Christopher Story's Death
Investigative journalist Sherri Kane discussed this case with Jane Burgermeister, who is engaged in her own battle for survival at the time of this writing. Ms. Burgermeister admitted issuing an e-mail containing Samuelson’s list, that Fulford fraudulently claimed, was part of Story's final report.
Story's doctored "final report," forged by Fulford, abuses Jane Burgermeister as well as me. Before I learned that Jane had circulated that tainted list, I believed her to be a reputable journalist. It makes me sad to think she would abuse my friendship, and faith in her, for circulating libelous Internet trash. (I expect to read some clarification, if not apology, from her very soon.)
Trouble is Still Brewing
I do not believe the Illuminati, or the Vatican, or the Knights of Malta, etc. source nearly the amount of disinformation and dissonance within our "patriot," "Christian," and/or "truth-seeking" communities, that journalists (and psychopaths) circulating among us generate.
Although, I may be wrong about this, since Sherri Kane discovered correspondences linking Szymanski to Eric Jon Phelps, an infamous agent provocateur responsible for mucking the reputations of nearly every major truth-teller and journalist in the alternative media.
Phelps is an admitted white racist, in alliance with Tim White, a rabid hater of Jewish people. Ms. Kane shared an e-mail from Tim White that deserves scrutiny, evidences his psychopathology as a tormented liar, and makes him a suspect in this case. What you will read here is mild, in terms of psychopathic rantings, compared to the e-mail Mr. White sent Ms. Kane about me.
Common Sense
This conspiracy and controversy involving a murder, forgery, a tainted list, and my knighting is symptomatic of a deeper pathology--pandemic stupidity.
Blind biases, personal agendas and downright ignorance, turns truths into lies, baseless claims into "common knowledge," and frightful illusions into harmful, even genocidal, realities. These are expressed by psychopaths. And there are plenty of them circulating, especially on the Internet, in the field of journalism. and among Szymanski’s circle of “friends.”
This dissonance among us mainly serves the Illuminati--the sick corporate fascists operating the Rothschild League of Banks; and if Peter Sutherland of Goldman-Sachs is any indication, undermining the Vatican as well. Dissonance helps the Illuminati advance their profitable depopulation agenda, literally killing us through various biochemical warfare methods. As we focus on inane matters, like whether Horowitz was knighted or trustworthy, we lose time and energy from the life-saving, spiritually-uplifting, service we might be giving.
Foremost fanning flames of distrust, disorganization, and degeneration of collaborations among We The People, and our journalists, are the blind biases, beliefs and attitudinal barriers, that governments and religions have relied upon for millennia, to divide We The Sheeple, to conquer and control our flock.
I believe our Creator has planned for us a New World Order, too, but not one governed by corporate fascists that conduct genocide under the guises of “public health” and “national security.”
I believe the Spiritual Renaissance will impact the religious world as well as secular people. The energetic changes happening now cosmically, according to astrophysicists, strongly suggests a great likelihood of a “polarity shift” that many of us are already feeling. I believe “Divine/human communion” will be the sole source of salvation in LOVE, and a lot of people resisting this natural evolution will not be healthy, happy, or sustained.
Renouncing All Affiliations
Besides the aforementioned psychopaths and agent-provocateurs stirring the Internet, the main trouble my critics have with me, fueling their suspicions and animosities towards me, and motivating their endless array of attacks against me, is that you cannot pin me down to any one of the most controlling political or religious ideologies. For this reason, I celebrate "pushing everyone's buttons."
1.
•Jews reject me because I LOVE Jesus.
2.
•Jews for Jesus hate me because I disclaim their dogmatic ignorance and arrogance.
3.
•So-called "Christians" abhor me because I advance metaphysics and holistics that they perceive as "New-Agey;" plus I expose their hypocrisy.
4.
•Zionists fear me because I claim, as Jesus did, their unloving rule is demonic and done.
5.
•Anti-Semites and Anti-Zionists hate me for being a "Jew," while Jewish Defense League officials discredit me for exposing their genocidal negligence. (Their mantra is, "It should never happen again," while "it" is happening "again" right here and now.)
6.
•John Birchers, and so-called "right wing patriots," condemn me for allegedly being a communist.
7.
•Communists hate me because I defend the American Bill of Rights and US Constitution.
8.
•Democrats hate me when I expose their leftist ideology sources from right wing propagandists serving corporate fascists.
9.
•Republicans deplore me for exposing their party chiefs and financiers in the Illuminati.
10.
•Assorted "fundamentalists" hate me because I equate spirituality to “God’s energy,” also claimed to be "New Age."
11.
•New Agers mock me because I preach Jesus’s gospel, and they claim my "gloom and doom" facts injure their "light" of "truth."
12.
•So-called "scientists" deride me for pioneering fields that challenge their blind biases formed from academic indoctrinations.
13.
•Medical Manchurians (those licensed to kill pharmaceutically on behalf of the Rothschild/Rockefeller-directed drug cartel) hate me for exposing the murderous malfeasance in their profession.
14.
•The general public, addicted to drugs, scoffs at my warnings, and chooses to see me as a charlatan hocking natural cures. . . .
15.
•I could go on and on, but you get the idea.
Many people, friends and foes, have encouraged me to renounce my knighting, as though that will make me more credible, and them feel better. I will do one better, just for the record. . . .
I renounce any and all, real or imagined, affiliations with genocidal organizations and institutions serving ignorance, unnatural death, disease, and division among We The People, including:
1.
a) Falsely claimed membership in the Knights of Malta;
2.
b) Falsely perceived membership in the Sovereign Medical Order of the Knights Hospitallers;
3.
c) Falsely claimed alliance with the Vatican;
4.
d) all Judeo-Christian and Muslim religious affiliations;
5.
e)all "New Age" organization affiliations;
6.
f)all dental/medical/scientific/technical society affiliations;
7.
g)all political "activist" organization affiliations (including environmental groups, since I still, regrettably, drive a car fueled by the Illuminati);
8.
h)my American citizenship so long as this nation, engaged in genocidal manipulations of our population and others, is financially and demonically controlled by Goldman-Sachs/JP Morgan-Chase officials on behalf of the Rothschild League of Bankers, and finally,
9.
i)any affiliation with the human race.
I hereby claim to be an alien, that is, a person from another and very different family, people, or place; a person who is not included in a group operating psychopathologically, attached to socially-destructive pettiness, cultural degeneration, ignorance, lying, greediness, guilt, fear, neuroticism, and general genocidal madness.
I am a terrestrial creature from spiritual space decreeing peace, LOVE (528Hz), joy, and prosperity in all ways; a foreigner among self-loathing, socially destructive morons and fools engaged in the folly of dominance versus submissiveness engineered by the controllers with consent of the controlled. I owe allegiance, exclusively, to the One Creator of this universe, not any other deity, country, or government.
In conclusion, my name on SS's list of ignobility sticks out like a sore thumb, since I have served honorably over the past two decades exposing the genocidal atrocities perpetrated by many of the people on that list. I have evidenced and indicted Illuminati corruption infecting the health sciences more than any person on this planet. Some people, like Szymanski and Fulford simply choose to neglect or forget the following contributions I have made to humanity, both "bad news" and works of "great news."
If I should die, as we all shall sooner or later, I shall rest in peace reflecting on the fruit of my decades of human service, that includes the highlights below:
The following post was published on Share11 by Chris. Fulford reports that the meeting between the White Dragon Society and the Vatican did not go well. He speculates that the Vatican is trying to block the new abundance program.
Of course SaLuSa and Matthew have said that the program cannot be blocked and does not depend on Vatican approval. They also say that the announcement of the abundance program will follow disclosure.
The Vatican is now the last obstacle to the new financial system
Talks this Monday between a representative of the White Dragon Society and two senior Vatican representatives (including the Papal Nuncio or ambassador to Washington) did not go well. The Vatican insist they have a right to steal trillions of dollars that do not belong to them because “the survival of the church is at stake.”
This is simply not true, they are simply blocking the announcement of the new financial system because of a lust for raw power. The Vatican Banker, Daniele Del Bosco, who has hidden the close to $1 trillion in gold-backed bonds, has been trying to cash them with the help of a fraudulent organization known as the Office for International Treasury Control or OITC. An Interpol investigation has revealed the OITC has no mandate and no right to these funds.
The funds Del Bosco is hiding were earmarked to help Portugal, Spain and Italy end their respective financial crises. The $134.5 billion in bonds confiscated at the Italian/Swiss border in June of 2009 were linked to these funds. Del Bosco is about to be placed on an international wanted list and is now under 24-hour observation.
We can also add that according to both CIA and Yakuza sources, the Vatican dispatched two separate assassination squads to Japan with the goal of killing and silencing this writer. They seem to be under the mistaken belief doing so will suddenly give the Vatican the ability to cash these funds.
The Vatican will be provided financing to help it survive but only after they purge the Satanists from their top ranks.
We must also mention the new financial system is designed to finance a campaign to end poverty, stop environmental, end war and set humanity and life on a path for exponential expansion. The fact that the Vatican leadership is trying to prevent this from happening is good proof that they are going against the teachings of both Jesus Christ and of Roman Catholicism in general.
OITC just like BCCI is being crushed by the Central Banks. The Central Banking/World Bank/IMF system is so unfair it is keeping the developing world in poverty.
could OITC like BCCI have been trying to help the 3rd world have access to cheaper credit whcih would allow the locals to build small businesses and develop?
I think it was possibly good what OITC was trying to do in equador and fiji.
-
In my view, I think it likely that BCCI, the banking system was infiltrated by the enemy and was brought down from within.
In our current NWO, there can absolutely be no rival to the currrent fractional reserve system. The NWO much control all the gold and all the credit and all the debt.
3 presidents were assassinated, all of them over money issues.
Lincoln ==== greenbacks and not paying the loan after learning Rothschilds playing both sides.
McKinley ==== Gold Act of 1900, Assaassinated in 1901
Kennedy===== Executive Order 11110, Silver Certificates and limiting powr of the FED
Don't mess with the Bank of International Settlement/IMF/World Bank or they will crush you.
That said, we could fix america in 5 seconds if we did just that.
1. End the FED
2. End fractional reserve lending
3. No more interest
4. no more Fha/HUD loans
5. Full reserve banking directly from treaury to local bank (no money middle men)
6. Print 14 trillion and pay off all debt
7. The increase demand for money by switching to full reserve banking will be balanced by the one time printing of money to pay off all debts
7. Collect administrative fee on all money lent, and not just a fraction of it.
8. That means the Treasury which only makes prime on 10% of the money supply would make a fee comparable to prime on 100% the money supply.
9. That means instead of 50 billion/yr on prime, treasury could make aat least 500 billoin and i bet more. I think the money multiplier is more that 10:1
10. Put money back on gold and silver standard.
11. no more issuing bonds to foreign governments.
12. Home Homes collect a fee, but are no interest. You go to the bank with 10% down and a fee, and they buy the house with you. Every month you pay and gain equity/ownership and pay an admin fee. If you skip a month, that month gets subtracted from your equity and is profit for the bank. You don't default until you are completely divested of ownership. So, it could automatically work like a reverse mortgage
.
13. Now with no more interest to pay on national debt, and the treaury bringing in more money due to collecting fee on all the money supply and not just a fraction of it, it would be easy to cut income tax, balance budget, which would stimulate the economy. loans would be fare and easy to acquire based on proof of ability to repay
.
The Office of International Treasury Control (“OITC”) also appears to be something of a nomenclature The OITC claims to be "an international institution registered under the United Nations (under UN Charter Control No: 10-60847) with substantial assets in its control" [3]. OITC spokesmen have claimed that the organisation has been chartered by the United Nations under a secret protocol and that "until today [it has been] a secret organization known by some particularly in the highest levels of banking".[citation needed] The OITC claims that it was established by "Governments of the World of Legal Decadency".[4] However, it has consistently declined to publish any independent verification of its status, claiming that only individuals with a "level 3" or "level 5" security classification can see its "protocol for verification"[citation needed]. According to an OITC spokesman, "the protocol for verification can only be undertaken by a senior member of the Government or the Reserve Bank. That's why you will never find anything about it on the Internet."[5] The UN is supposedly "legally bound" to respond to a verification request but only as long as the requisite protocols and procedures are followed, otherwise "no response will be received from the United Nations." The only way a verification request can be made is "through the UN headquarters in New York or Geneva, not via, or by, any sub-office of the UN."[2]. According to Keith Scott, the OITC's "Chief of Cabinet" and "Special Envoy and Executor for His Excellency Ray Cchat Dam", the OITC is run by the UN "under a concept of plausible deniability."[citation needed]
real6
25-08-2010, 04:26 PM
Marketing Japan: Japan's Financial Disaster Coming Soon
This blog is about Marketing for Japan and also about interesting tidbits about Japan for your enjoyment. Now, I don't usually blog about so much financial information and news as such, but something has just come across my desk that I just cannot stay silent about.
From this morning's Japan Times:
National debt hits 190% of GDP at ¥900 trillion
The outstanding balance of the central government's debt reached a record high ¥904.08 trillion at the end of June amid massive bond issuances and declining tax revenue, Finance Ministry data showed Tuesday. It is the first time the debt balance, including government bonds and financing bills, has topped ¥900 trillion. Per capita debt came to around ¥7.10 million based on Japan's estimated population of about 127.42 million as of July 1.
This is just total and complete insanity by the government. Of course, anyone who can read between the lines can see how this does effect every aspect of life in Japan including future works and economic aspects as well as how this will effect marketing in this country and life in general.
That ¥7.10 million per capita debt comes out to around $83, 172 (USD) per man, woman, and child owed in red ink the country of Japan. That means that if every single man, woman and child paid $83,172 dollars right now, we'd pay off our national debt - but be back into immediate debt by tomorrow due to interest on that debt! This is crazy.
Now, on top of that, the Keynesian idiots in the government want to raise consumption taxes (sales tax) from 5% to 10%!? Morons.
There is no way out of this mess that the government has gotten us into except to either declare bankruptcy or repudiate debt. But you won't hear anyone talk about the 800-pound gorilla in the room. Things are bad enough now with 15.7% of the Japanese public below the poverty line. What is there that can be done? Raising taxes!? We are already taxed to death! The people have been squeezed and can be squeezed no more!
Of course, we never hear any ideas from the government about shutting down unwanted "services" like massive government run organizations that are basically a social jobs network for retired government workers (like meter maids).
How about we start by slashing government employees pay and staff by 50% and ending all overseas "self-defense" missions and war-games training today?
The end of this financial mess is coming soon enough. No country in the history of mankind has ever survived this sort of Fiat money expansion that the Japanese government is currently involved in...
The Romans couldn't do it. The Germans couldn't do it. Japan hasn't been able to do it over these last 20 years (the USA certainly is trying but will fail too)...
The only option for you, dear reader, is to get out of debt ASAP and protect your investments with commodities like gold, silver or oil.
Economic Collapse – White Dragon Society – Vatican – Emergency Evacuations
David Wilcock - Ben Fulford
Date: Mon, May 31, 2010
Subject: Dot connecting…
Today these 2 internet entries were gathered that may shed more light about the Truth of these Matters. Ben Fulford - David Wilcock comments in a blog about Fulford’s writing, particularly confirming what his sources are telling him – the spill was on purpose, the cabal is going down and rapid changes do surround us.
Pasted in full -
Emergency evacuations plans have been drawn up for entire Gulf of Mexico region as secret financial negotiations head to climax
Posted by benjamin
May 31, 2010
The Pentagon and US government have drawn up emergency plans to evacuate much of the population surrounding the Gulf of Mexico in anticipation of toxic rain and severe environmental damage, a military intelligence source says. The extreme environmental destruction and the deliberate failure to put an end to the oil leaks are all part of the dark cabal’s bargaining strategy since all they have left to bargain with now is the threat of mayhem. At the same time, a senior oil industry source has approached the White Dragon Society with an offer of $60 billion a month to be spent on saving the planet so long as the money goes through the Vatican, the BIS and the Federal Reserve Board.
The moves by the Feds, the BIS, the Vatican and the oil people are a clear sign they are at last recognizing the handwriting on the wall. The situation is not looking very good for them at all right now.
First of all, the attack on the Euro is moving ahead via the weakest dominoes. After Greece, the next targets of speculative attack will be Spain (already happening), Italy and the five Baltic states, according to a senior member of the Rothschild family. After that, the next phase of the attack will proceed against France, then England and finally the United States. The result will eventually be revolution followed by banksters hanging from lampposts as famously predicted by George Bush Senior.
The attempt by Germany to ban naked short selling is healthy in the sense that naked short selling creates volatility but ultimately, it is just a case of shooting the messenger. The underlying reality cannot be regulated away. The fact of the matter is the Mediterranean, British and US people have been living beyond their means for a very long time and their international credit has dried up. Each of these regions either needs to issue a new, devalued currency or else watch their economies implode until wages fall to developing country levels. A debt write-off is also definitely a must for all of these regions because the alternative is the politically impossible scenario of hundreds of years of debt slavery for these peoples. The debt will be paid in gold and the White Dragon Society has enough for all.
In the US, meanwhile, white hats in the Pentagon are steadily making their preparations for a major move against the Washington D.C. Corporation. The mobilization of militias and military outfits around the country are not directed against the American people, Pentagon sources say. Although as little as a year ago about half the US military establishment was ready to support the Federal Reserve Board crime syndicate, that is no longer the case. The Pentagon has now told Washington they will not move against the US people. Furthermore, if necessary, the Chinese and the Russians will help the American patriotic forces defend themselves against Blackwater (Xe) S.S. stormtroopers should things come to a head.
The last source of Federal Reserve Board strength would seem to be their corporate propaganda media but that is just a paper tiger. All the Pentagon would need to do is occupy the main networks and newspapers and force them to do what they have long since stopped doing: tell the truth.
The Cabal that has secretly ruled the West for thousands of years is running out of time to reach a deal. What used to be a unified monolith is now splintering into increasingly small fragments.
As we have already seen England has split from the US, the Mediterranean countries are splitting from Northern Europe and the US is internally split too.
Furthermore, the Vatican is now split into three groups that are engaged in a vigorous internal struggle: Opus Dei, the Jesuits and the Vatican itself. Ultimately, the Pope will have to resign and the Vatican will have to reveal its secrets before this dispute can be settled by God-fearing average Catholics.
The situation in Israel is also coming to a head. The flotilla that is attempting to break the blockade of Gaza is backed by Turkey.
Turkey, once a strong ally of Israel, is now spearheading an Islamic movement against the Zionist state. This completely alters the balance of power in the region and makes Israel look increasingly like the Crusader state at the time of Saladin. Take a look at the amount of soldiers (including reserves) available to each side should things come to a head:
Israel 629,000
Turkey 1,075,000
Syria 536,000
Iran 3,675,000
Lebanon 85,000
Egypt 1,109,000
While it may seem premature to include Egypt in this list since they formally signed a peace treaty with Israel, Egypt is definitely headed for regime change. It should also be noted Turkey has a state-of-the-art NATO-equipped military Nor is the United States likely to intervene militarily on behalf of Israel given the current political situation in the US these days.
It should be noted that the offer of $60 billion a month to the White Dragon Society was made contingent on coming up with some sort of settlement of ancient disputes between the three main peoples of the book: the Jew/Protestants, the Vatican and the Muslims.
The solution is really quite simple to reach now that the nightmarish Satanic plan to enslave humanity is coming to an end: live and let live. If you look at the situation objectively you will see there is no reason for conflict between these groups, all the fighting and strife between them has been artificially engineered.
As usual, there is a lot we are being asked not to report at present in order to prevent ongoing, sensitive negotiations and preparations from being derailed. We do not expect any public announcements yet but we can say that this week’s Bilderberg meeting in Spain is being countered by a secret, extremely powerful non-Bilderberg meeting elsewhere. The secrecy is only temporary and is meant to protect people’s lives until the situation is ready for the long-awaited public announcements. Until that happens, hope for the best and prepare for the worst.
realy
25-08-2010, 05:49 PM
:D
el jefe
25-08-2010, 06:58 PM
Woh, cliffs? Anymore on the book Collateral Damage?
real6
25-08-2010, 07:12 PM
Woh, cliffs? Anymore on the book Collateral Damage?
Let me look into it.
real6
25-08-2010, 07:16 PM
Woh, cliffs? Anymore on the book Collateral Damage?
This is how i operate...
Save this PDF!!!
59 pages...
Collateral Damage: U.S. Covert Operations and the Terrorist Attacks on
September 11,
On September 11, 2001 the definition of National Security changed for most U.S. citizens. For an entire postwar
generation, “National Security” meant protection from nuclear attack. On that day, Americans redefined that threat.
On September 11, 2001 three hijacked airliners hit three separate buildings with such precision and skill that many
observers believe those flights were controlled by something other than the poorly trained hijackers in the cockpits.
This report contends that not only were the buildings targets, but that specific offices within each building were the
designated targets. These offices unknowingly held information which if exposed, subsequently would expose a
national security secret of unimaginable magnitude. Protecting that secret was the motivation for the September 11th
attacks. This report is about that national security secret: its origins and impact. The intent of the report is to provide
a context for understanding the events of September 11th rather than to define exactly what happened that day.
Initially, it is difficult to see a pattern to the destruction of September 11th other than the total destruction of the
World Trade Center, a segment of the Pentagon, four commercial aircraft and the loss of 2,993 lives. However, if
the perceived objective of the attack is re-defined from its commonly suggested ‘symbolic’ designation as either ‘a
terrorist attack’ or a ‘new Pearl Harbor,’ and one begins by looking at it as purely a crime with specific objectives
(as opposed to a political action), there is a compelling logic to the pattern of destruction. This article provides
research into the early claims by Dick Eastman, Tom Flocco, V.K. Durham and Karl Schwarz that the September
11th attacks were meant as a cover-up for financial crimes being investigated by the Office of Naval Intelligence
(ONI), whose offices in the Pentagon were destroyed on September 11th.1 After six years of research, this report
presents corroborating evidence which supports their claims, and proposes a new rationale for the September 11th
attacks. In doing so, many of the anomalies – or inconvenient facts surrounding this event - take on a meaning that
is consistent with the claims of Eastman et al. The hypothesis of this report is: the attacks of September 11th were
intended to cover-up the clearing of $240 billion dollars in securities covertly created in September 1991 to fund a
covert economic war against the Soviet Union, during which ‘unknown’ western investors bought up much of the
Soviet industry, with a focus on oil and gas. The attacks of September 11th also served to derail multiple Federal
investigations away from crimes associated with the 1991 covert operation. In doing so, the attacks were justified
under the cardinal rule of intelligence: “protect your resources”2 and consistent with a modus operandi of sacrificing
lives for a greater cause.
The case for detailed targeting of the attacks begins with analysis of the attack on the Pentagon. After one concludes
that the targeting of the ONI office in the Pentagon was not random – and that information is presented later3 – one
then must ask: is it possible that the planes that hit the World Trade Center, and the bombs reported by various
witnesses to have been set off inside the buildings 1, 6 and 7 and the basement of the Towers, were deliberately
located to support the execution of a crime of mind-boggling proportions? In considering that question, a pattern
emerges. For the crimes alleged by Eastman, Flocco, Durham and Schwarz to be successful, the vault in the
basement of the World Trade Center, and its contents - less than a billion in gold, but hundreds of billions of dollars
of government securities - had to be destroyed. A critical mass of brokers from the major government security
brokerages in the Twin Towers had to be eliminated to create chaos in the government securities market. A
situation needed to be created wherein $240 billion dollars of covert securities could be electronically “cleared”
without anyone asking questions- which happened when the Federal Reserve declared an emergency and invoked its
“emergency powers.” that very afternoon.4 The ongoing Federal investigations into the crimes funded by those
securities needed to be ended or disrupted by destroying evidence in Buildings 6, 7 and 1.5 Finally, one has to
understand and demonstrate the inconceivable: that $240 billion in covert, and possibly illegal government funding
could have been and were created in September of 1991. Filling in the last piece of the puzzle requires
understanding 50 years of history of key financial organizations in the United States, understanding how U.S.
Intelligence became a key source of their off-balance sheet accounts, and why this was sanctioned by every
President since Truman.6 With that, a pattern of motivation is defined which allows government leaders and
intelligence operatives to ‘rationalize’ a decision to cause the death 3,000 citizens.
el jefe
25-08-2010, 11:11 PM
Interesting....
zero1
26-08-2010, 01:45 AM
This is how i operate...
Save this PDF!!!
59 pages...
Collateral Damage: U.S. Covert Operations and the Terrorist Attacks on
September 11,
On September 11, 2001 the definition of National Security changed for most U.S. citizens. For an entire postwar
generation, “National Security” meant protection from nuclear attack. On that day, Americans redefined that threat.
On September 11, 2001 three hijacked airliners hit three separate buildings with such precision and skill that many
observers believe those flights were controlled by something other than the poorly trained hijackers in the cockpits.
This report contends that not only were the buildings targets, but that specific offices within each building were the
designated targets. These offices unknowingly held information which if exposed, subsequently would expose a
national security secret of unimaginable magnitude. Protecting that secret was the motivation for the September 11th
attacks. This report is about that national security secret: its origins and impact. The intent of the report is to provide
a context for understanding the events of September 11th rather than to define exactly what happened that day.
Initially, it is difficult to see a pattern to the destruction of September 11th other than the total destruction of the
World Trade Center, a segment of the Pentagon, four commercial aircraft and the loss of 2,993 lives. However, if
the perceived objective of the attack is re-defined from its commonly suggested ‘symbolic’ designation as either ‘a
terrorist attack’ or a ‘new Pearl Harbor,’ and one begins by looking at it as purely a crime with specific objectives
(as opposed to a political action), there is a compelling logic to the pattern of destruction. This article provides
research into the early claims by Dick Eastman, Tom Flocco, V.K. Durham and Karl Schwarz that the September
11th attacks were meant as a cover-up for financial crimes being investigated by the Office of Naval Intelligence
(ONI), whose offices in the Pentagon were destroyed on September 11th.1 After six years of research, this report
presents corroborating evidence which supports their claims, and proposes a new rationale for the September 11th
attacks. In doing so, many of the anomalies – or inconvenient facts surrounding this event - take on a meaning that
is consistent with the claims of Eastman et al. The hypothesis of this report is: the attacks of September 11th were
intended to cover-up the clearing of $240 billion dollars in securities covertly created in September 1991 to fund a
covert economic war against the Soviet Union, during which ‘unknown’ western investors bought up much of the
Soviet industry, with a focus on oil and gas. The attacks of September 11th also served to derail multiple Federal
investigations away from crimes associated with the 1991 covert operation. In doing so, the attacks were justified
under the cardinal rule of intelligence: “protect your resources”2 and consistent with a modus operandi of sacrificing
lives for a greater cause.
The case for detailed targeting of the attacks begins with analysis of the attack on the Pentagon. After one concludes
that the targeting of the ONI office in the Pentagon was not random – and that information is presented later3 – one
then must ask: is it possible that the planes that hit the World Trade Center, and the bombs reported by various
witnesses to have been set off inside the buildings 1, 6 and 7 and the basement of the Towers, were deliberately
located to support the execution of a crime of mind-boggling proportions? In considering that question, a pattern
emerges. For the crimes alleged by Eastman, Flocco, Durham and Schwarz to be successful, the vault in the
basement of the World Trade Center, and its contents - less than a billion in gold, but hundreds of billions of dollars
of government securities - had to be destroyed. A critical mass of brokers from the major government security
brokerages in the Twin Towers had to be eliminated to create chaos in the government securities market. A
situation needed to be created wherein $240 billion dollars of covert securities could be electronically “cleared”
without anyone asking questions- which happened when the Federal Reserve declared an emergency and invoked its
“emergency powers.” that very afternoon.4 The ongoing Federal investigations into the crimes funded by those
securities needed to be ended or disrupted by destroying evidence in Buildings 6, 7 and 1.5 Finally, one has to
understand and demonstrate the inconceivable: that $240 billion in covert, and possibly illegal government funding
could have been and were created in September of 1991. Filling in the last piece of the puzzle requires
understanding 50 years of history of key financial organizations in the United States, understanding how U.S.
Intelligence became a key source of their off-balance sheet accounts, and why this was sanctioned by every
President since Truman.6 With that, a pattern of motivation is defined which allows government leaders and
intelligence operatives to ‘rationalize’ a decision to cause the death 3,000 citizens.
That's possibly from Deanna Spingola's conspiracy archive, no? Much of the info on that PDF ties with this -
Bush Family Project Hammer ()
gwynned
26-08-2010, 07:45 AM
That's possibly from Deanna Spingola's conspiracy archive, no? Much of the info on that PDF ties with this -
Bush Family Project Hammer ()
Well, THAT was certainly an interesting read! Just when you think you know something, you realize there are many layers.
real6
26-08-2010, 03:11 PM
That's possibly from Deanna Spingola's conspiracy archive, no? Much of the info on that PDF ties with this -
Bush Family Project Hammer ()
Good one Zero. I remember reading this a while back...
real6
30-08-2010, 09:32 PM
Gold and Economic Freedom
by Alan Greenspan
Published in Ayn Rand's "Objectivist" newsletter in 1966, and reprinted in her book, Capitalism: The Unknown Ideal, in 1967.
An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense — perhaps more clearly and subtly than many consistent defenders of laissez-faire — that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other.
In order to understand the source of their antagonism, it is necessary first to understand the specific role of gold in a free society.
Money is the common denominator of all economic transactions. It is that commodity which serves as a medium of exchange, is universally acceptable to all participants in an exchange economy as payment for their goods or services, and can, therefore, be used as a standard of market value and as a store of value, i.e., as a means of saving.
The existence of such a commodity is a precondition of a division of labor economy. If men did not have some commodity of objective value which was generally acceptable as money, they would have to resort to primitive barter or be forced to live on self-sufficient farms and forgo the inestimable advantages of specialization. If men had no means to store value, i.e., to save, neither long-range planning nor exchange would be possible.
What medium of exchange will be acceptable to all participants in an economy is not determined arbitrarily. First, the medium of exchange should be durable. In a primitive society of meager wealth, wheat might be sufficiently durable to serve as a medium, since all exchanges would occur only during and immediately after the harvest, leaving no value-surplus to store. But where store-of-value considerations are important, as they are in richer, more civilized societies, the medium of exchange must be a durable commodity, usually a metal. A metal is generally chosen because it is homogeneous and divisible: every unit is the same as every other and it can be blended or formed in any quantity. Precious jewels, for example, are neither homogeneous nor divisible. More important, the commodity chosen as a medium must be a luxury. Human desires for luxuries are unlimited and, therefore, luxury goods are always in demand and will always be acceptable. Wheat is a luxury in underfed civilizations, but not in a prosperous society. Cigarettes ordinarily would not serve as money, but they did in post-World War II Europe where they were considered a luxury. The term "luxury good" implies scarcity and high unit value. Having a high unit value, such a good is easily portable; for instance, an ounce of gold is worth a half-ton of pig iron.
In the early stages of a developing money economy, several media of exchange might be used, since a wide variety of commodities would fulfill the foregoing conditions. However, one of the commodities will gradually displace all others, by being more widely acceptable. Preferences on what to hold as a store of value will shift to the most widely acceptable commodity, which, in turn, will make it still more acceptable. The shift is progressive until that commodity becomes the sole medium of exchange. The use of a single medium is highly advantageous for the same reasons that a money economy is superior to a barter economy: it makes exchanges possible on an incalculably wider scale.
Whether the single medium is gold, silver, seashells, cattle, or tobacco is optional, depending on the context and development of a given economy. In fact, all have been employed, at various times, as media of exchange. Even in the present century, two major commodities, gold and silver, have been used as international media of exchange, with gold becoming the predominant one. Gold, having both artistic and functional uses and being relatively scarce, has significant advantages over all other media of exchange. Since the beginning of World War I, it has been virtually the sole international standard of exchange. If all goods and services were to be paid for in gold, large payments would be difficult to execute and this would tend to limit the extent of a society's divisions of labor and specialization. Thus a logical extension of the creation of a medium of exchange is the development of a banking system and credit instruments (bank notes and deposits) which act as a substitute for, but are convertible into, gold.
A free banking system based on gold is able to extend credit and thus to create bank notes (currency) and deposits, according to the production requirements of the economy. Individual owners of gold are induced, by payments of interest, to deposit their gold in a bank (against which they can draw checks). But since it is rarely the case that all depositors want to withdraw all their gold at the same time, the banker need keep only a fraction of his total deposits in gold as reserves. This enables the banker to loan out more than the amount of his gold deposits (which means that he holds claims to gold rather than gold as security of his deposits). But the amount of loans which he can afford to make is not arbitrary: he has to gauge it in relation to his reserves and to the status of his investments.
When banks loan money to finance productive and profitable endeavors, the loans are paid off rapidly and bank credit continues to be generally available. But when the business ventures financed by bank credit are less profitable and slow to pay off, bankers soon find that their loans outstanding are excessive relative to their gold reserves, and they begin to curtail new lending, usually by charging higher interest rates. This tends to restrict the financing of new ventures and requires the existing borrowers to improve their profitability before they can obtain credit for further expansion. Thus, under the gold standard, a free banking system stands as the protector of an economy's stability and balanced growth. When gold is accepted as the medium of exchange by most or all nations, an unhampered free international gold standard serves to foster a world-wide division of labor and the broadest international trade. Even though the units of exchange (the dollar, the pound, the franc, etc.) differ from country to country, when all are defined in terms of gold the economies of the different countries act as one — so long as there are no restraints on trade or on the movement of capital. Credit, interest rates, and prices tend to follow similar patterns in all countries. For example, if banks in one country extend credit too liberally, interest rates in that country will tend to fall, inducing depositors to shift their gold to higher-interest paying banks in other countries. This will immediately cause a shortage of bank reserves in the "easy money" country, inducing tighter credit standards and a return to competitively higher interest rates again.
A fully free banking system and fully consistent gold standard have not as yet been achieved. But prior to World War I, the banking system in the United States (and in most of the world) was based on gold and even though governments intervened occasionally, banking was more free than controlled. Periodically, as a result of overly rapid credit expansion, banks became loaned up to the limit of their gold reserves, interest rates rose sharply, new credit was cut off, and the economy went into a sharp, but short-lived recession. (Compared with the depressions of 1920 and 1932, the pre-World War I business declines were mild indeed.) It was limited gold reserves that stopped the unbalanced expansions of business activity, before they could develop into the post-World War I type of disaster. The readjustment periods were short and the economies quickly reestablished a sound basis to resume expansion.
But the process of cure was misdiagnosed as the disease: if shortage of bank reserves was causing a business decline — argued economic interventionists — why not find a way of supplying increased reserves to the banks so they never need be short! If banks can continue to loan money indefinitely — it was claimed — there need never be any slumps in business. And so the Federal Reserve System was organized in 1913. It consisted of twelve regional Federal Reserve banks nominally owned by private bankers, but in fact government sponsored, controlled, and supported. Credit extended by these banks is in practice (though not legally) backed by the taxing power of the federal government. Technically, we remained on the gold standard; individuals were still free to own gold, and gold continued to be used as bank reserves. But now, in addition to gold, credit extended by the Federal Reserve banks ("paper reserves") could serve as legal tender to pay depositors.
When business in the United States underwent a mild contraction in 1927, the Federal Reserve created more paper reserves in the hope of forestalling any possible bank reserve shortage. More disastrous, however, was the Federal Reserve's attempt to assist Great Britain who had been losing gold to us because the Bank of England refused to allow interest rates to rise when market forces dictated (it was politically unpalatable). The reasoning of the authorities involved was as follows: if the Federal Reserve pumped excessive paper reserves into American banks, interest rates in the United States would fall to a level comparable with those in Great Britain; this would act to stop Britain's gold loss and avoid the political embarrassment of having to raise interest rates. The "Fed" succeeded; it stopped the gold loss, but it nearly destroyed the economies of the world, in the process. The excess credit which the Fed pumped into the economy spilled over into the stock market, triggering a fantastic speculative boom. Belatedly, Federal Reserve officials attempted to sop up the excess reserves and finally succeeded in braking the boom. But it was too late: by 1929 the speculative imbalances had become so overwhelming that the attempt precipitated a sharp retrenching and a consequent demoralizing of business confidence. As a result, the American economy collapsed. Great Britain fared even worse, and rather than absorb the full consequences of her previous folly, she abandoned the gold standard completely in 1931, tearing asunder what remained of the fabric of confidence and inducing a world-wide series of bank failures. The world economies plunged into the Great Depression of the 1930's.
With a logic reminiscent of a generation earlier, statists argued that the gold standard was largely to blame for the credit debacle which led to the Great Depression. If the gold standard had not existed, they argued, Britain's abandonment of gold payments in 1931 would not have caused the failure of banks all over the world. (The irony was that since 1913, we had been, not on a gold standard, but on what may be termed "a mixed gold standard"; yet it is gold that took the blame.) But the opposition to the gold standard in any form — from a growing number of welfare-state advocates — was prompted by a much subtler insight: the realization that the gold standard is incompatible with chronic deficit spending (the hallmark of the welfare state). Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes. A substantial part of the confiscation is effected by taxation. But the welfare statists were quick to recognize that if they wished to retain political power, the amount of taxation had to be limited and they had to resort to programs of massive deficit spending, i.e., they had to borrow money, by issuing government bonds, to finance welfare expenditures on a large scale.
Under a gold standard, the amount of credit that an economy can support is determined by the economy's tangible assets, since every credit instrument is ultimately a claim on some tangible asset. But government bonds are not backed by tangible wealth, only by the government's promise to pay out of future tax revenues, and cannot easily be absorbed by the financial markets. A large volume of new government bonds can be sold to the public only at progressively higher interest rates. Thus, government deficit spending under a gold standard is severely limited. The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit. They have created paper reserves in the form of government bonds which — through a complex series of steps — the banks accept in place of tangible assets and treat as if they were an actual deposit, i.e., as the equivalent of what was formerly a deposit of gold. The holder of a government bond or of a bank deposit created by paper reserves believes that he has a valid claim on a real asset. But the fact is that there are now more claims outstanding than real assets. The law of supply and demand is not to be conned. As the supply of money (of claims) increases relative to the supply of tangible assets in the economy, prices must eventually rise. Thus the earnings saved by the productive members of the society lose value in terms of goods. When the economy's books are finally balanced, one finds that this loss in value represents the goods purchased by the government for welfare or other purposes with the money proceeds of the government bonds financed by bank credit expansion.
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.
This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard.
h2pogo
31-08-2010, 12:13 AM
interesting..
wasn't Allan green span the guy that took the world off the gold standard and run the world bank for years:confused: leopard changing spots springs to mind..
what does he mean here by "though not legally" i wonder
Credit extended by these banks is in practice (though not legally) backed by the taxing power of the federal government.
real6
14-09-2010, 09:06 PM
interesting..
wasn't Allan green span the guy that took the world off the gold standard and run the world bank for years:confused: leopard changing spots springs to mind..
what does he mean here by "though not legally" i wonder
Credit extended by these banks is in practice (though not legally) backed by the taxing power of the federal government.
Yes, i believe so...
real6
05-10-2010, 04:35 PM
Could this be some how related?
Gold Goes Berserk, As Japan Unveils The Mother Of All Quantitative Easing Schemes
real6
07-10-2010, 06:12 PM
Why the battle over the $1 trillion in bonds will decide the future of the planet
The world’s top powers are all paying extremely close attention to the case of $1 trillion in bonds now missing in Italy because whoever gets to cash them will suddenly have enormous geopolitical power. The
owners of the Federal Reserve Board syndicate are hoping to be to cash
their quadrillions or quintillions (the numbers are absurdly
unrealistic) in fraudulent derivates and thus make the cashing of a few
Asian gold backed $ trillions worth of bonds into a trivial issue. Most
of the countries in the world will not accept this fraud and so the
stalemate continues. Last week’s meetings in Washington and at the BIS
failed to resolve this issue so more intense horse-trading is expected
this week.
The public pronouncements coming out of the recent BIS meeting are, even to the casual observer, absurd. The idea that banks will not be allowed any off ledger accounting is absolutely correct but the Basel 3
agreement is full of loopholes and does not come into force until 8
years from now. In other words, they were just stalling for time and
saying nice sounding things without substance.
The real debate was about what to do about all the outstanding dollar denominated bonds after the shift to the gold-backed Amero.
The key there, of course are what to do about all the trillions and trillions of dollars worth of bonds backed by Chinese gold the Federal Reserve Board issued in the 1930’s and before. Cashing them would give
Asia huge geopolitical control over the West.
However, the fact of the matter is that the fiat currency system is now dysfunctional and cannot be repaired no matter what contortions the Federal Reserve Board crime syndicate resorts to.
That is why the Office for International Treasury Control is being pushed as a front by the people behind Davos and the UN. They hope that by using a pliable front with an Asian face, the can stay in power.
However, since these people have been resorting to murder and genocide
and have been trying to start WW3, the countries of the world will not
accept their continued control of the world’s monetary systems.
If no agreement is reached by the September 30th US fiscal year end, then serious chaos is expected for the autumn and into January.
There is a lot we are being asked not to report about this issue at present but, serious measures are being contemplated by some very powerful Western factions aimed at resolving this issue. These measures
would all take place within a legal framework, according to high level
Western intelligence and BIS sources.
In any case, tensions remain extremely high around the world as these negotiations continue. As one member of a committee of 12 that claims to be an informal interim global ruling council put it, quoting from
prophecy: “there will be wars and rumors of war.”
In what is probably a related move, the US has been building a missile base aimed at China on the disputed Senkaku Islands. When the Chinese sent a bunch of “fishing boats” to spy, one was apprehended.
This is what is behind the recent Japanese/Chinese fishing boat spat.
The Americans seem to be saying, “we still control Japan and have built a
powerful military alliance surrounding China so, if you want to fight,
let us fight.”
This of course, is ultimately a bluff because the people at the pentagon know that total war with China would ultimately lead to the death of 90% of the world’s population as well as the destruction of the
Northern hemisphere. It is merely a negotiating tactic.
The Pope’s visit to the UK at this time is also related to the ongoing struggle over finance, the secret fountain of power. They are also discussing the planned reconstruction of the Temple in Jerusalem.
Needless to say, they are talking about how the old guard can keep
itself in a position of power and influence after the new financial
system gets up and running. Of course the Pope and Queen Elizabeth are
also expected to commiserate about being under siege within their own
power structures.
In Japan meanwhile, power struggles continue. The re-election of Prime Minister Naoto Kan with the help of grass-roots support in his party, has infuriated power broker Ichiro Ozawa. Ozawa is now
contemplating two strategies. One is to wait until the Kan Prime
Ministership implodes and then take over the government, probably by
next spring. The other is to take the 100 or so members of parliament
who support him and leave the Democratic Party of Japan. This would
force a total realignment of Japanese politics and a new general
election.
For his part, Kan has been contacting various right-wing parties and the rump of the Liberal Democratic Party in the hopes of forming an alliance.
Ultimately, when the dust settles, Japan is likely once again to be dominated by a single party containing various competing factions.
However, for now political instability is the only sure bet in this country. The factions aligned with the US will continue to take their marching orders from whoever wins the power struggle in Washington D.C.
and in Western power corridors.
Fascists try to grab $250 billion
After the attempt to create a fascist Euro-centric world government failed spectacularly in Copenhagen, the main battlefield in the ongoing financial World War 3 moved to the Philippines. We will report the details of these intrigues below.
First let us re-cap the New World Order moves towards a fascistic world government in 2009. It started with the inauguration of Barack Obama as president. At first everybody was hopeful but, it did not take long for the truth to sink in. Obama was a Nazi puppet who broke all his important promises and refused to withdraw from Iraq, failed to close the Guantanamo torture camp and actually increased the amount of troops in Afghanistan. Later, he attempted to make himself de-facto world President by taking the post of head of the UN Security council, in direct violation of the US constitution. To bolster his position he was given the Nobel “peace” prize.
Meanwhile a Soviet style totalitarian government was imposed upon the people of Europe via the Treaty of Lisbon. A European “President” was then selected without any popular vote.
The final move was supposed to have taken place at the Copenhagen “global warming” summit. The European fascists were hoping to install a global totalitarian government by stealth under the cover of the bogus CO2 reduction campaign.
However, the Black Dragon Society was able to quash this campaign on several fronts. First of all, Russian BDS members hacked the East Anglia University computers and proved the “global warming” campaign was based on false data. Then BDS members in Washington froze an attempt by the Japanese emperor to provide over $100 billion for the cabal to hand over to developing nations in exchange for their acceding to a world government. When the fascists showed up empty handed, they were told to buzz off by the rest of the world.
In the meantime, the Federal Reserve Board and the Bank of England are facing a January deadline to come up with gold to pay their overdue debts to China.
In order to get this gold and keep their privately owned money printing monopoly going, a senior Federal Reserve Board agent in Japan, who we will refer to as Mr. K, went to the Philippines with a high-powered Japanese government delegation led by ruling Democratic Party of Japan number 2 Hajime Ishii. Ostensibly, the purpose of the visit was to play golf and meet with assorted Philippino law-makers.
However, the real purpose was to cash $250 billion worth of 1930’s vintage US government bonds that are backed by Chinese Imperial gold stashed in the Philippines. Their hope is to cash these bonds and use the money to bribe developing countries into accepting the Copenhagen formula for European-led global fascistic government. The Japanese politicians accompanying Mr. K were almost certainly unaware of this secret agenda.
However, the Black Dragon Society also had a delegation in the Philippines with a very different agenda. Their delegation went to a lake near Manila that is the second largest lake in South East Asia. Local officials informed them that Queen Beatrix of the Netherlands (an arch-Nazi) and her Philippino cronies were attempting to have the lake declared dead so that they could drain it and reclaim the land. Needless to say such a move would benefit a few billionaire developers at the expense of the millions of poor people living near the lake.
The society members instead promised to restore the lake to its pristine natural condition. They propose to do this by setting up sewage treatment facilities in order to treat the human waste that is responsible for 70% of the ecological damage to the lake. The society also proposed using Tesla technology involving sending out energy pulses of a specific frequency that kills harmful bacteria. In addition, they propose to use zeolite mined in the Philippines to neutralize toxins that are already in the lake.
The idea was to use the lake as an example to show a fundamental change in how Western Civilization interacts with the planet and its people. It would be used to initiate similar campaigns throughout the planet.
The Black Dragon Society plan for a new financial system was also explained. As we have mentioned before about 90% of all the dollars ever created are not owned by Americans. If these dollars become worthless paper then mass starvation and suffering is almost certain. That is why the BDS proposes to erase all fraudulently created dollars from the books and then back the remaining dollars with gold. The dollar would then be renamed and put under government control. The control would be shared between a new UN based in Laos, a China dominated World Bank based in Hong Kong and a G8 dominated world Economic Planning Agency based in Osaka or Singapore.
The Democratic Party of Japan delegates were very supportive of these proposals. They also expressed strong interest in the proposals for a new financial system controlled by governments instead of a small in-bred elite. However, the trip also helped reveal the real nature of the new “Democratic” Party of Japan. The BDS delegate approached Mr. Ishii, the supposed number 2 in the Japanese government and explained to him that the Yakuza and the Japanese right-wingers wanted to cut off their ties with the Federal Reserve Board crime gang and start to work for the Japanese government. Mr. Ishii’s answer was “you need to talk to Mr. K about that.”
Mr. K (we are keeping his name secret for now in the hope that he will join forces with the Black Dragons) had some very revealing things to say to us. He first approached the BDS when two Japanese agents were arrested in Italy in June carrying $134.5 billion worth of US government bonds. He said, “I guess we will have to work together now.”
He then explained how up until now “Three or four people ruled the country by brainwashing the rest.” The Federal Reserve Board had offered to hand over control of Japan to China by 2011, he said. “As long as me and my wife can live well, I guess that is OK,” he added.
Mr. K is obviously a second-tier power broker who blows with the wind. When the wind started to blow from China instead of the US, he quickly offered his services to China.
What he and other members of the Japanese secret establishment have revealed to us is a high-powered Federal Reserve Board campaign run out of Taiwan, Japan and China. Japanese gangsters and power-brokers go to either Taiwan or China where they receive massive bribes in order to go along with plans for a China led world dictatorship.
One of the key figures in this scheme is Democratic Party of Japan power-broker Ichiro Ozawa. Ozawa only tells his inner thoughts to 2 or 3 people he really trusts, according to a close friend and others.
The fear in Japan is that if the DPJ wins an absolute majority in the upper house elections due this summer, Ozawa will install a totalitarian dictatorship. Ozawa appears to be firmly in the Chinese camp but, things are not always as they appear. This was made obvious by the secret attempt on the part of Mr. K to cash the $250 billion on behalf of the Federal Reserve Board even though he supposedly gets his marching orders from Taiwan.
Black Dragon Society members in Washington have obtained an extensive list of Japanese politicians and gangsters who have been receiving large bribes in Taiwan and China that can ultimately be traced to the Federal Reserve Board. We may make this list public at a future date.
In any case, the story of Mr. K reveals how a person who has never been elected to any public office, who never passed a public service exam and who keeps his name secret is above in rank to the so-called number 2 in the Japanese government.
In the US, of course, a similar structure exists with people like James Baker, Frank Carlucci, George Bush Senior, Paul Wolfowitz, Henry (Heinz) Kissinger, J. Rockefeller etc. having more power than elected officials. In Europe the equivalent role is played by Royal Families and the various branches of the Rothschild dynasty.
Although a majority of people in the Western world and in Japan remain thoroughly brainwashed, a critical mass among the intellectual elite has figured out the fraudulent and unfair nature of this system. That means the system is now doomed.
The owners of the Federal Reserve Board have bought time since they were cut off from new funding at the end of September by selling military secrets, looting everything they can get their hands on in North America and via their world wide drug dealing operations.
However, without the gold in the Philippines, they are running out of time. International law enforcement officials from Interpol have now been given legal jurisdiction in the US. They are busy hunting down and arresting corrupt bankers.
A similar purge is underway in Europe.
Even if the Federal Reserve Board crime syndicate gets their hands on the gold in the Philippines, if the Chinese continue pandering to these mass murderers, they will lose the goodwill they have earned over the past two years by standing up to them. That means the gold will remain worthless “black gold” unredeemable for cash as long as it is owned by the Federal Reserve Board.
What the greedy bankers did not realize during their maneuvers in the Philippines is that you cannot eat gold. The sewer water that can be recycled from around the Philippine lake can be turned into fertilizer and therefore into food. You need food to survive. That means the Black Dragon Society members who walked through filthy mud in bare feet in an effort to help poor Philippinos were standing on the true treasure.
In any case, there are many signs of a big show-down in January. There are several important settlement dates in January where the Feds are likely to bounce a check.
The Japanese government, for its part, has been steadily buying up all Japanese government bonds owned by foreigners. That means they may be preparing for a debt jubilee in Japan.
Meanwhile, over 600 foreign IT experts, law enforcement officials, politicians etc. have descended on Washington D.C. They may well be preparing to reboot the dollar system minus toxic derivatives.
We also have a steady flow of truth from the British media, including a BBC documentary stating that Al Qaeda is a fiction. This indicates the Federal Reserve Board crime syndicate is becoming isolated even within the Anglo Saxon world.
Finally, Israel has recalled all of its ambassadors from around the world in a sign it clearly expects something big to happen.
It may well be that events predicted for 2012 could start in 2010. Next week, we will try to predict what will happen in what is most certainly expected to be a most turbulent and exciting new year. Our best guess for now is that a system of government that has lasted for literally thousands of years is about to end. Humanity may finally be free of a cruel system based on debt slavery forever.
31 December 2009
The snakes are trying to seduce China again
We are hearing that George Soros, Heinz (Henry) Kissinger and the other dinosaurs are trying to convince China to merge their currency with the US dollar. This would be a fatal mistake. The Chinese know they are dealing with genocidal, pathological liars. Any Chinese who accepts bribes from these snakes is a traitor to his (or her) people. They will also never be allowed to actually spend any of their bribes because it will be funny money that they are being paid with.
Meanwhile, Queen Beatrix of the Netherlands and Prince Charles of England are headed to an obscure town in Ontario, Canada for reasons unknown but almost certainly related to trying to obtain money. This follows the arrival of Beatrix’s eldest son and Prince Philip (we are told) in Tokyo to verify a $2.13 trillion dollar bond. These bonds were issued by the Bank of Tokyo Mitsubishi. This is a bank that recently changed their logo mark from three diamonds (Mitsubishi) to an ominous looking eye. The bank president has been told Nakasone, Miyauchi, Makihara and those other traitors are now just a bunch of powerless old men. They must hand that $2.13 trillion to its rightful owners.
These various moves are part of the ongoing, high-level discussions on how to fix the financial system. The problem, of course, is all the people left holding fraudulent derivatives money do not want to admit their “trillions” of dollars are about to become zeroes of dollars. Hey folks, guess what: 30 zeroes=zero. Please try the experiment yourself: take a piece of ordinary paper, write $1 trillion on it and see if your friend will trade his watch for that piece of paper. It bet it won’t happen. If it does, please introduce your friend to the Feds because right now they need people like him.
In yet another sign of the financial chaos in the US, credit card companies are starting to take a 50% surcharge on anything bought by Americans overseas. This could be happening elsewhere too. Please check your credit card bill and do the forex conversion yourself. If they have ripped you off, start a class-action lawsuit.
High level discussions will continue October 7th and 8th and, if no solution is reached, there will be major panic starting around October 27th when the financial system is expected to be shut down for a week or so. No matter what they try, reality will prevail over illusion.
10 October 2009
More about the gold in the Philippines and financial World War 3
The large stashes of gold hidden in the Philippines are becoming irrelevant as the end game approaches to the ongoing financial World War 3. High-level Federal Reserve Board agents in Taiwan and Japan are trying to make an end run around the Black Dragon Society by seizing the gold hidden in the Philippines and sending it to China. What they fail to realize is that you cannot eat gold.
Even if they temporarily gain possession of it, they will not succeed because the real gold in this world is found in people’s hearts. While those blinded by power lust and greed were digging for gold, the real action took place on December 21st at a lake near Manila. There a group of Maori, Japanese, Philippino, Australian and Canadian Shamans together with local elders presided over a ceremony marking a turning point on human stewardship of the planet. The ceremony marked the beginning of a major campaign to restore the endangered lake (the second largest lake in South East Asia) back to pristine health. The effort to clean this lake was but a symbolic first step in a major campaign to save the planet. Saving the planet is the real gold, not some yellow metal.
real6
07-10-2010, 06:22 PM
The Japanese arrested with $134.5 billion had papers signed by Bernanke, and Greenspan: With corrections and additions
The two “Japanese” ( actually both were Filipinos ) arrested in Italy recently reportedly with $134.5 billion worth of F.R.N. s, ( THE AMOUNT WAS IN FACT SOME FIVE HUNDRED BILLION IN CERTIFICATES ) were also carrying a series of documents signed by the likes of Alan Greenspan and Ben Bernanke with federal reserve logos and stamps embossed, signed and witnessed . The two were released after proving their credentials, and were released because they were carrying genuine diplomatic passports. The Pictures of the documents they carried are attached and we would like to hear some expert opinion on their contents (somebody is preventing us from uploading more than one picture).
According to the official story put out to the corporate media, the Treasuries were forgeries (no doubt they will say the same about the documents pictured here) but if that is the case, why were the people carrying the “forgeries” immediately released, by extreme persons in high places in Italy, who had the power to silence Prime Minister Belosconi ?
The truth is the Treasury certificates they carried were legitimate and are now in the safe hands of a new financial system. The instruments will be used to finance part of a Program at ending war, poverty and environmental destruction. It will also be used to develop previously forbidden technology. We may see some visible changes as early as next week as they carry out the new banking paradigms being incorporated, but, not with out resistance from the old abusive Wall street guard .
Bernanke’s latest check has bounced but, as mentioned before, things will drag on to the September 30 secret fiscal year end then all hell will break out as the financial world, takes a ninety degree down-turn . The information above comes from very highly placed sources.
BELOW PLEASE READ THE COMMUNICATIONS BETWEEN CASPER AND FULFORD.
__________________________________________________ _________________
Subject: RE: Need to talk to Casper
From: "Fulford Benjamin"
Date: Tue, June 22, 2010 10:08 pm
To: Hobie at Rumormillnews
--------------------------------------------------------------------------
Hi Hobie,
Could you please forward this to Casper:
Hello,
There are some issues I would like to get your take on. Do you remember
the $134.5 billion in Bonds seized in Italy last June? They are now in the
hands of a young (35) Vatican banker by the name of Daniele Del Bosco. He
also has hundred of billions more of other bonds. There seems to be a tug
of war over them involving several groups: R.C. Dam of the OITC, the CIA,
the British Monarchy (but not Queen Elizabeth) and a Japanese/Chinese
group known as the dragon family. They all say cashing these bonds will
help end the financial crisis and finance the development of suppressed
technology. Are these shenanigans related to the programs or are they part
of something different? The bonds are backed by gold that is now in
warehouses in Hong Kong. My own view is that the money belongs to humanity
and should be put in the hands of a new, international meritocratic
organization. The incredible back and forth going on also makes me think
somebody is trying to delay as much as they can until they pull off some
monstrosity around 2012. What do you folk make of the entire thing?
Benjamin Fulford
$B8EJbF;%Y%s%8%c%_%s(B
090-3439-5558
---------------------------------------------------------
----- Original Message -----
From: xxxxxxxxxxxxxxxx
To: xxxxxxxxxx
More for Fulford: A follow up report says the Trillions of Bonds representing the Gold in the Banks and going back to the Hitler/Mussolini occupation of Europe are real, but the 134.5B 'increment' is, was and is still counterfeit. This came back 'unsolicited' an hour after the initial response. casper
To: XXXXXXXXXXXX
Sent: Wednesday, June 23, 2010 10:33 AM
Subject: Re: RE: Need to talk to Casper]
For Fulford: Our orginal reply to your inquiry about these Bonds, months ago, said "they are counterfeit and no bank in the world will touch them". Our intell was coming from the Chinese. Since then five 'sets' of them have been found to be up to their ears in corruption and working with Bush, Obama, etc.. Now their BOSS, the big man himself is here and already WE have caught him trying to trade our funds. This has caused us to reach out to other sources regarding your request for info.. WE now hear they are not counterfeit, they amount to Trillions in value not just the small 134.5B increment you are inquiring about. Their origin has something to do with 'the German Occupation' and yes, there is a huge battle underway regarding ownership. Beatrix is also involved as well as the others you mentioned and it was pointed out that the British Monarchy is the Queen and Charles only and they are involved also. No doubt the Chinese WE relied on are heavily involved also. Hope this helps. casper
-----------------------------------------------------------------------------------------------------------
----- Original Message -----
From: hobie@
To: wendy
Sent: Wednesday, June 23, 2010 2:42 AM
Subject: [Fwd: RE: Need to talk to Casper]
Hi, Wendy -
Forwarding a note from Ben Fulford. :)
--hobie
Sent: Wednesday, June 23, 2010 10:33 AM
Subject: Re: RE: Need to talk to Casper]
--------------------------------------------------------------------
For Fulford: Our orginal reply to your inquiry about these Bonds, months ago, said "they are counterfeit and no bank in the world will touch them". Our intell was coming from the Chinese. Since then five 'sets' of them have been found to be up to their ears in corruption and working with Bush, Obama, etc.. Now their BOSS, the big man himself is here and already WE have caught him trying to trade our funds. This has caused us to reach out to other sources regarding your request for info.. WE now hear they are not counterfeit, they amount to Trillions in value not just the small 134.5B increment you are inquiring about. Their origin has something to do with 'the German Occupation' and yes, there is a huge battle underway regarding ownership. Beatrix is also involved as well as the others you mentioned and it was pointed out that the British Monarchy is the Queen and Charles only and they are involved also. No doubt the Chinese WE relied on are heavily involved also. Hope this helps. casper
real6
13-10-2010, 04:19 PM
Park Avenue Bank CEO Charles Antonucci Admits To Stealing $11 Million From TARP, And To Being Too Small Too Succeed
The saga of Park Avenue Bank's Charles Antonucci is over. The bank president who on March 15 was arrested on charges of engaging in a broad range of illegal conduct that contributed, in part, to the bank's demise, but most importantly to stealing $11 million from TARP. Well, tonight the FBI has just announced that Antonucci has formally admitted to and pled guilty to securities fraud relating to his attempt to fraudulently obtain more than $11 million worth of taxpayer rescue funds from the Troubled Asset Relief Program ("TARP"), bank bribery, embezzlement of bank funds, and participating in a $37.5 million scheme that left an Oklahoma insurance company in receivership. Then again, this is what every other CEO in America is guilty of every single day. Which means that only thing Antonucci really pled guilty to was being a stupid enough to keep Park Avenue Bank Too Small To Succeed. As we all know the TBTF curtain is the only alibi all the other criminals in the industry resort to when the congressional theater convenes. Moral of the story: unless you can threaten the world with collapse, you will go to jail. And the penalty for this magnitude of stupidity is death: "Antonucci, 59, faces a maximum sentence of 135 years in prison on the charges to which he pled guilty. He is scheduled to be sentenced by the U.S. District Judge Naomi Buchwald on April 8, 2011." So one down, and only about a million more to go... But not before they all collect the $144 billion in bonuses they have worked so to destroy shareholder value for this entire year (or so we can dream).
And here is tonight's dose of concentrated humor from the FBI release:
Manhattan U.S. Attorney PREET BHARARA said: "Today's guilty plea, the first ever conviction for fraud against the TARP, should send a strong message to all those who would attempt to loot the public fisc or steal from our financial institutions: This Office and our law enforcement partners will be watching. Whether you are a bank teller or a bank president, you are not above the law."
HA HA HA
We read on:
SIGTARP Special Inspector General NEIL M. BAROFSKY said: "In March, Charles Antonucci become the first defendant charged with attempting to steal from the taxpayers' investment in TARP. Today, he becomes the first to be convicted. Today's plea marks an important chapter and demonstrates that SIGTARP and its law enforcement partners will ensure that would-be wrongdoers who seek to profit criminally from this historic program will be caught, charged, and brought to justice."
And so forth. If Preet Bharara fails in his FBI career (and he will once Jamie makes a few phone calls) he can always do stand up.
Yet the comedy continues:
FDIC-OIG Inspector General JON T. RYMER said: "The Federal Deposit Insurance Corporation Office of Inspector General is pleased to join the U.S. Attorney's Office for the Southern District of New York and our law enforcement colleagues in announcing this guilty plea. We are particularly concerned when senior bank officials, who are in positions of trust within their institutions, are involved in criminal activity. Prosecutions of individuals and entities involved in criminal misconduct help maintain the safety and soundness of the Nation's financial institutions."
At this point if your lived doesn't hurt from laughing too hard, English must be your 18th language.
fillupmycup
13-10-2010, 07:13 PM
Amazing posts, thanks so much for posting them here for even more people to read. So interesting you have no idea. I am an economic major and many of my professor have shed negative light on the FED, I also just finished read "The Big Short" about the corrupt greedy banks that collapsed the whole system and still walked about with 100 million dollars, When they should have been put in jail for life.
I know this kind of stuff is way too complicated for fully understand but I have a few questions.
Regarding the Japanese men found with Billions in US bonds and Mr. K cutting deals with Japan. have these bond officially been cashed for gold? If so who got the gold Japanese, who need it most due to their collapsing economy?
Also the Black Dragon Society, are they involve with the massive financial shift in power? Hopefully they are.
real6
13-10-2010, 08:33 PM
Amazing posts, thanks so much for posting them here for even more people to read. So interesting you have no idea. I am an economic major and many of my professor have shed negative light on the FED, I also just finished read "The Big Short" about the corrupt greedy banks that collapsed the whole system and still walked about with 100 million dollars, When they should have been put in jail for life.
I know this kind of stuff is way too complicated for fully understand but I have a few questions.
Regarding the Japanese men found with Billions in US bonds and Mr. K cutting deals with Japan. have these bond officially been cashed for gold? If so who got the gold Japanese, who need it most due to their collapsing economy?
Also the Black Dragon Society, are they involve with the massive financial shift in power? Hopefully they are.
Anytime.
You should show this thread to your professors and see what they say ;)
I try and keep this alive from time to time. But its been hard the last year to find any information on this except the last 2 or 3 things i posted.
I just don't know if i can fully trust Fulford's info thou.
The Kokuryu-kai (Black Dragon Society) and the Order of the Green Dragon
The Kokuryu-kai (Black Dragon Society) and the Order of the Green Dragon[1]
A conspiracy in harmony with the Mythos
Do not try and bend the spoon. That's impossible. Instead… only try to realise the truth.
What truth?
There is no spoon.
There is no spoon?
Then you'll see, that it is not the spoon that bends, it is only yourself.
- The Matrix 1998
foldunfold
Table of Contents
Introduction
History
The Order of The Green Dragon: the Inner Circle of the Black Dragon Society
The Dragons and the Mythos
Dragon Adepts' Abilities
Taking the Green: The Inner Circle of the Green Dragons
Objectives of the Dragons
Skills
Flaws & Strengths
Spells
Mythos Proficiencies
Non-Canonical
Introduction
The Kokuryu-kai (黒竜会) or more popularly the Black Dragon Society, back in the days of the Second World War, was the unacceptable face of Japanese nationalism. The Black Dragons schemed and murdered their way across Japan, China, Korea and South East Asia in pursuit of Greater Japan, even infiltrating the United Sates in order to achieve their aims. Today, the term "Black Dragon" is a lazy journalist's label, like "Nazi"; applied to elderly or dodgy individuals for publicly known right-wing opinions or actions. Some dubious politicians are willing to pray at Shinto shrines dedicated to the war dead, or accept campaign contributions and votes from the Yakuza, but the modern consensus is that other than the occasional doomsday cult, organised Japanese fascism on the scale of the Black Dragons either died at the end of the Second World War or has faded away every year with encroaching death or infirmity of those involved.
In 1945, the Dragons shrank back into the shadows, giving up a few hot-headed scapegoats to the Allied War Crimes investigators and trading Unit 731's more mundane medical experiment results with the Americans in return for immunity from investigation and prosecution. The esoteric Unit 831 and it's archives and collection of wonders plundered from Asia was mothballed for future use. The Dragons took their time to regroup and started to implement Plan B. Instead of fading away the Dragons became a loosely organised conspiracy that has transcended Japan and the Far East and spread world-wide, settling around the pressure points of the modern financial, commercial and political world.
Plan B? Plan B has the same objectives as Plan A but is achieved by stealth, trade, and cultural osmosis. The objectives of the modern Black Dragons are subtler than the crude geo-political ambitions of the Thirties; this time the Dragons are empire-building to create the Tsan-Chan Empire, a cruel and world-wide oriental dominion that that Dragons have prophesied will rule the earth in millennia to come. The Dragons are sure that the One Emperor and Dai Nippon will lead and guide the Tsan-Chan Empire, as is their destiny.
History
The Black Dragon Society was the successor to the Black Ocean Society that became too notorious for it's actions. Through the last half of the nineteenth century Japanese nationalists in politics, the military and society formed societies dedicated to Japanese nationalism or advancement. Membership often overlapped, and some societies such as the Black Ocean and the Black Dragon were not afraid to use force to achieve their political aims.
Following defeat in the Second World War, Japan went through a degree of re-education, though not to the extent as Western Germany. Organisations such as the Black Dragons became embarrassing and ceased to spoken about even though they had had large memberships spanning society; the Black Dragon's membership was 10,000 at it's height of popularity. Nationalism moved onto other forms of expression such as new religions or politics. The Dragons were able to make sure that the trust funds and fortunes of the zaibatsu, the pre-war merchant houses, were unaffected by war reparations; and encouraged the zaibatsu to modernise using American aid so that they developed into the present day keiretsu.
Japanese nationalism has always been guided by shadowy forces preferring to remain in the background. The Black Ocean Society and other militarist secret societies were guided by these forces, as the Black Ocean later guided the Black Dragons. The shadowy force behind the secret societies, the politics and the power-plays since the nineteenth century is the Order of the Green Dragon. For much of their history the Green Dragons have been an obscure and ostensibly Buddhist monastic sect, rumoured to be great Zen masters with powers to see the future. The Order has guided Japanese expansion since the Americans forced Japan to open up to the outside world in 1854.
The Order of The Green Dragon: the Inner Circle of the Black Dragon Society
The Order of the Green Dragon has always been a small, supposedly Buddhist sect. The monastic order reputedly arrived in Japan from mainland Asia during the 700s AD. Like most Japanese, the monks are also Shinto practitioners. The Order's influence and prestige developed during the Ashikaga period of the 13-16th centuries. Until the 1560s, the Order maintained a solitary monastery in the mountains of Kii Hanto. However before Oda Nobunaga's campaign against the Buddhist monasteries during the 1570s and 1580s, the Order abandoned it's monastery and retreated to Kyoto, where it escaped the worst of Oda's excesses by lying low.
Following the Westerners a Tibetan monk appeared at the Green Dragons temple in Kyoto and revealed the full extent of the Order of Green Mens' machinations. For over 900 years the monks of the Green Dragons have been in contact with a small group of Agarthan monks of the Left Hand Path located in Tibet, known as the Green Men, communicating by astral communiqués. and have been co-operating with the Tibetan monks to bring about the Tsan-Chan Empire in 3,000 years time.
Encouraged by physical contact with the Green Men, the Dragons quickly utilised nineteenth century Japan's growing nationalism and anti-foreign feeling for their own ends, and used the secret societies to establish and develop intelligence networks throughout Korea and China to gather intelligence, recruit allies, cause unrest and strengthen Japan's position. As Japan became more powerful, annexing Korea, and extracting concessions and territory from ailing China, the Green Mens' grasp became tighter on the increasingly resentful and proud Dragons. The Inner Council of the Green Dragons decided that co-operation with the Green Men would only continue as long as it was in Japan's interest to do so.
The Green Men ordered the Green Dragons to co-operate with the Thule Gesellschaft in the 1920s and then the Karotechia during the 1930s. The relationship between the Dragons and the Karotechia was forced and uneasy. One of the last contacts Japan had with the Nazi Reich was a submarine voyage which evacuated several Karotechia personnel and a cargo of artefacts. It's unknown whether the submarine, its passengers or cargo reached the Dragons or Unit 831 in 1945.
The Dragons are now at odds with the Green men. Since 1959 the Green Dragons have pursued an openly pro-Japanese plan for the Tsan-Chan Empire. Contact with the Green Men ceased when Chinese Communists overran the Green Mens' monastery in Tibet, allowing the Dragons to precede with their plans more easily. However the seers didn't predict renewed contact with the Green Men in the 1990s. The Green Dragons are split along pro- and anti-Green Men lines. The majority of the Green Dragons are playing a game; co-operating with the Green Men but still trying to advance their own agenda. Though both want the Tsan-Chan Empire to come into existence , the Green Dragons' seers suggest that propitious intervention at key points in the development of the Tsan-Chan Empire can influence and shape the putative empire in the image that best suits the Green Dragons and Japan.
Some occult researchers have observed that the Order of the Green Men are probably related to the Cthulhu Cult; the Leng Monastics or the Kuen-Yuin. Interestingly these commentators are deceased or missing - often mysteriously or suddenly, sometimes after encountering swarthy matelots.
The Dragons and the Mythos
The Dragons understand their place in the Universe. The Mythos is reality and the true universe. It is perfectly natural, it is the human world-view that is unnatural and unordered. This understanding allows adepts to comprehending themselves as organisms within the universe and opens conduits allowing adepts to utilise non-Euclidean abilities. This doesn't mean that an adept just can think away an Mythos entity, but depending on its power an adept may survive the encounter. At the very least the adept will not go mad, as his world-view has changed.
An adept's world-view is changed by rigorous training, starting with Zen Buddhist techniques of meditation and of martial arts. When considered by their sensei to be ready they start learning using elements of rinzai and satori philosophies. These are first used to bring about an awareness of the True Nature of the Universe, and secondly an understanding and acceptance of that universe. Only by accepting mankind's place in the order of the universe can Man master his destiny. This understanding is enhanced by the use of koans, mondos and katsu. Sometimes the katsu can take the form of encountering minor elements of the Mythos. Black Lotus and the Liao Drug are sometimes used to accelerate training or open reluctant minds to infinite possibilities.
Dragon Adepts' Abilities
The adept is trained to influence his own organism as well as other organisms around him. The adept can effectively manipulate time and space, or that is what it will look like to an observer stuck in a mechanistic universe's point of view. An adept's graduation comes when he cam make a bud blossom into a flower. More talented adepts learn to master Ninja-like abilities such as bullet-dodging and walking through walls. Chakra, or aura, perception allows adepts trained as manipulators to suggest, influence, direct or blackmail targets very successfully; literally seeing the target's weaknesses. Adepts are also trained to operate as prophets and how to create, organise and develop a new cult, this includes infiltrating and subverting an existing cult.
Individuals with appropriate talents are trained to divine the future or see into the past. At higher levels of ability, seers often sacrifice a sense in order to amplify the remaining senses. Copious amounts of Liao and Lotus are consumed by the seers of the Dragons. Seers are at risk from entities like the Hounds of Tindalos, that live Outside the perception of our reality. Valuable seers are guarded by adepts who can perceive and combat such threats.
Taking the Green: The Inner Circle of the Green Dragons
The Dragons are ruled by their Council, the Inner Circle of the Dragons. Members of the Order who accept the green silk face mask never again leave the precincts of the Green Dragons' temple, nor do they show their faces again to anyone other than the Daemon Sultan who dwells at the centre of the Universe beyond Space and Time. It is not known what happens to the wearers of the face-masks as their number is always constant.
Objectives of the Dragons
Condition world opinion and thought through the adoption of eastern business culture, martial arts, movies, religion and manufactured goods. The expulsion of communist influence in China, Korea and elsewhere in Asia. To enable an Oriental hegemony led by Japan and One Oriental Culture, and ultimately to usher in the cruel hegemony of the Tsan-Chan Empire in the next New Age.
Skills
Dragon Thugs should have access to firearms, melee and unarmed combat skills and the ability to follow orders and improvise biogtry. Agent provocateurs have good Psychology and Hypnosis skills; useful for wheedling out secrets and spotting human weaknesses at a glance, perhaps even some Astral Sight. A knowledge of religions with Theology is sometimes useful.
Adepts have mastered themselves and Space-Time and are capable of amazing feats of manual skills and of manipulating objects and organisms. Adepts should be Revenant characters because of their training and exposure to the Mythos. Adepts should have Occult, Mysticism, Cloud Mind and Cthulhu Mythos. An adept's other skills could include Dodge, Fleet-Footed, Nerves of Steel, Martial Arts and Meditation. An adept is trained in Fast Draw, Firearms, Melee and Exotic Weapon.
Flaws & Strengths
1. Armed & Extremely Dangerous: The average Black Dragon thug is competent enough for the type of person used a soldier by fascist forces, but the Green Dragon trained agent provocateurs and adepts that may occasionally be met in the field are extremely well trained, well equipped and dangerous. Green Dragons have access to bleeding edge technology some five to ten years in advance of current technology, biomedical technology or weaponry due to contacts with keiretsu, or insights that divination has provided.
2. At One with the Mythos: Ostensibly the Dragons ignore the Mythos working at their own objectives. This means that they may ally with a Mythos force in order to gain what they seek. They may have already have done so. Knowledge of the Mythos makes the Dragons extremely powerful adversaries as they cannot be surprised and may have greater knowledge of the Mythos. The Dragons may also know what happened to Unit 831 at the end of the war.
3. We Know People: The Dragons are organised world-wide in their pursuit if the Tsan-Chan Empire. The Doho, overseas communities of ex-pat Japanese, provide cover for Dragon activities. The Keiretsu, powerful trading and manufacturing companies, have offices and manufacturing facilities all over the world which are utilised by the Dragons. The Yakuza, has always had close ties with nationalist secret societies; has spread overseas and now has connections with the Chinese Triads, American Mob, the South American Cartels, the European Mafia and the Russian Gangs.
4. Black Budget: The Dragons are founded through support from the keiretsu; from funds siphoned from Japans defence budget, one of the largest in world on a per capita basis; and from tithes donated by worshippers of new religions organised or controlled by the Dragons.
5. Keeping Face: The Dragons are hampered by having to appear compliant to the Green Men. The Dragons are unsure of the strength of the revitalised Green Men, and are attempting to ascertain the status of their opponents. Should the Green Men become aware of the Dragons duplicity, the level of retribution is dependent on whether the Green Men are the Cthulhu Cult. Splits have already developed. The Aum Shinrikyo cult was led by former Green Dragons following orders from the Green Men. Activity such as Aum Shinrikyos terrorism endanger Dragon operations by drawing the attention of outside forces.
6. Revenge is Best Served Cold: The Dragons aim of founding the Tsan-Chan Empire is a very long-term goal, that requires the survival of the Order of Green Dragons in order to oversee that preparations are carried out properly. The Dragons' plan is like playing a game of chess via an unreliable postal service.
Spells
None
Mythos Proficiencies
ESP: Mastery of the Etherical Organism; Divination; Prophecy; Astral Sight
Tome Mastery: The Seven Cryptical Books of Hsan
Tincture Mastery: Lotus; Liao
Non-Canonical
This version of the Kokuryu-kai and their masters the Green Dragons is considered non-canon by the Delta Green Partnership and is presented here because it has been adopted by members of the Delta Green Mailing List.
The Kokuryu-kai will be addressed more fully in Our Darkest Hour. Unit 831 will not be appearing in that volume, and its appearance in Cthulhu Live: Delta Green is based on a now out of date conversation.[2]
Bibliography
FULFORD: THE BLACK DRAGON SOCIETY IS BACK !
FULFORD: THE BLACK DRAGON SOCIETY IS BACK !
BY Benjamin Fulford
The Black Dragon Society is back
The Black Dragon Society has been re-activated. The Black Dragon Society reaches into intelligence agencies, governments, crime syndicates, financial institutions etc. around the planet. Unlike other secret societies such as the Freemasons, the Black Dragon Society is not united by fear but rather by friendship, trust and shared values. It is actively seeking to overthrow the New World Order in order to promote a campaign to permanently end war, poverty and environmental destruction. It also seeks to actively implement technology, such as free energy, that was suppressed by the oil and nuclear loving control freaks of the N.W.O.
The original society was set up by Mitsuru Toyama in response to Adolph Hitler’s plans to enslave and exterminate “non-Aryan” people. They helped the Russians defeat Hitler by providing them with top level Japanese intelligence about his plans. They also assured the Russians they could take their forces away from Asia and send them into the battle of Stalingrad. They were allied with the Chinese Red and Green Society and shared the goal of creating a peaceful and prosperous planet.
The society went underground after World War 2 and has now re-activated itself to stop the genocidal plans of the N.W.O. thugs.
The society includes as its members top people at MI6, the Pentagon, the NSA, the Japanese military/intelligence community, the KGB, the Serbian secret police, martial arts societies, the Yakuza, the triads and others. They are allied again with the Red and Green. They can, if necessary, mobilize over 100 million fighters in all regions of the planet on short notice.
LINKS:
Benjamin Fulford: "THE BLACK DRAGON SOCIETY IS NOW RENAMED THE WHITE DRAGON SOCIETY"
Posted By: hobie
Date: Wednesday, 26-May-2010 03:19:38
Hi, Folks -
Thanks to Reader B. for the heads up on this. :) Interesting to note that the principles adhered to by the Society closely resemble those adhered to by the Templars.
Here's Ben Fulford's blog entry for May 26:
=====
The Black Dragon Society is now renamed the White Dragon Society
Recently I discovered in Tokyo an ancient shrine that has been sealed off from public view. When I entered the Shrine I felt a powerful subjective sensation of white light and power. I was with a Japanese psychic whose family has long guarded secret Shinto knowledge, including of the Goddess Benten. She also claims to have seen a white light and experienced unusual power there. At the entrance to the shrine we found a stone pillar with the inscription 白龍王 meaning “the White Dragon King.”
In legend the Goddess Benten was supposed to have married a powerful white dragon in order to stop it from killing children. Because of this unusual occurrence (yes I really did find such a place by accident), we have decided to rename the Black Dragon Society as the White Dragon Society.
The White Dragon represents warriors who obey the rules of Chivalry and Bushido. That is to say, they will never strike the first blow, they will never attack women, children and non-combatants and they will fight to defend the weak and the downtrodden.
We remain sympathetic to the philosophy of the original Black Dragon Society founded by Mituru Toyama and others. However, while the Black Dragon Society had an Asian orientation, the White Dragon looks to protect the entire planet, including the weakest living creatures.
=====
--hobie
Benjamin Fulford: "KISSINGER REAPPEARS, CONTACTS THE BLACK DRAGON SOCIETY"
Posted By: hobie
Date: Sunday, 14-Mar-2010 23:45:09
Hi, folks -
Here's Ben Fulford's blog entry for March 15:
=====
Henry Kissinger re-appears, contacts the Black Dragon Society
Earlier reports given two us by two separate previously reliable sources that Henry Kissinger and 5 associates were gunned down on December 12th have been proven wrong by Kissinger’s appearance at a South Korean hospital. We also contacted Kissinger’s office after we were given this information to ask if he was still alive and they just hung up the phone without answering. It is still possible therefore, that this news event was fake but, for now, we will assume Kissinger is in fact alive.
In fact, prior to his public appearance, we were contacted by a senior banker who told us that Kissinger was still alive, though looking very old and that all major financial transactions involving US dollars still had to go past his desk. The banker who gave us this information then made a proposal to fund the BDS with astronomical amounts of money in exchange for a 50/50 split. Senior Japanese and Chinese bankers are now doing due diligence on this deal to confirm it is not just another scam. If it turns out to be genuine, there will be a public announcement in due time.
=====
--hobie
Report on discussions between the Black Dragon Society and a Chinese Politburo envoy plus other news
The Chinese Politburo sent an envoy to hold preliminary discussions with the Black Dragon Society last week. The discussions were, as was the case with the Illuminati in Italy, friendly and productive. In essence, the Chinese were interested in backing up all the world’s dollars earned through honest means with either gold or commodities and then putting the new dollars under the control of an institution controlled 50/50 by Asia and the West. Later, the institution that manages the new currency would become a meritocracy without any regional or racial quotas in its administration.
Like we believe anything from this site:
Ryohei Uchida, founder of the Black Dragon Society
The Black Dragon Society (Kyūjitai; 黑龍會; Shinjitai: 黒龍会, kokuryūkai?) was a prominent paramilitary, ultra-nationalist right-wing group in Japan.
History
The Kokuryūkai was founded in 1901 by Uchida Ryohei, and was descended from the Genyōsha. (Uchida was a follower of Genyōsha founder Mitsuru Toyama.) Its name is derived from the Amur River, called Heilongjiang or "Black Dragon River" in Chinese (黑龍江?), read as Kokuryū-kō in Japanese. Its public goal was to support efforts to drive the Russian Empire out of east Asia, south of the Amur River.
The Kokuryūkai initially made strenuous efforts to distance itself from the criminal elements of its predecessor, the Genyōsha. As a result, its membership included Cabinet Ministers and high-ranking military officers as well as professional secret agents. However, as time passed, it found the use of criminal activities to be a convenient 'means to an end' for many of its operations.
The Society published a journal, and operated an espionage training school, from which it dispatched agents to gather intelligence on Russian activities in Russia, Manchuria, Korea and China. It also pressured Japanese politicians to adopt a strong foreign policy. The Kokuryukai also supported Pan-Asianism, and lent financial support to revolutionaries such as Sun Yat-sen, and Emilio Aguinaldo.
During the Russo-Japanese War, annexation of Korea and Siberian Intervention, the Imperial Japanese Army made use of the Kokuryūkai network for espionage, sabotage and assassination. They organized Manchurian guerrillas against the Russians from the Chinese warlords and bandit chieftains in the region, the most important being Marshal Chang Tso-lin. The Black Dragons waged a very successful psychological warfare campaign in conjunction with the Japanese military, spreading disinformation and propaganda throughout the region. They also acted as interpreters for the Japanese army.
The Kokuryūkai assisted the Japanese spy, Colonel Motojiro Akashi. Akashi, who was not directly a member of the Black Dragons, ran successful operations in China, Manchuria, Siberia and established contacts throughout the Muslim world. These contacts in Central Asia were maintained through World War II. The Black Dragons also formed close contact and even alliances with Buddhist sects throughout Asia.
During the 1920s and 1930s, the Kokuryūkai evolved into more of a mainstream political organization, and publicly attacked liberal and leftist thought. Although it never had more than several dozen members at any one time during this period, the close ties of its membership to leading members of the government, military and powerful business leaders gave it a power and influence far greater than most other ultranationalist groups.
Initially directed only against Russia, in the 1930s, the Kokuryūkai expanded its activities around the world, and stationed agents in such diverse places as Ethiopia, Turkey, Morocco, throughout southeast Asia and South America, as well as Europe and the United States.
[edit] Activities in the United States
The organization was mentioned as an influence on the black nationalist organizations which were convicted of sedition in 1942, most notably Mittie Maud Lena Gordon's Peace Movement for Ethiopia. The other two organizations said to be influenced were the Brotherhood of Liberty for the Black People of America and the Nation of Islam.[1]
On March 27, 1942, FBI agents arrested members of the Black Dragon Society in the San Joaquin Valley, California.[2]
The Kokuryūkai was officially disbanded by order of the American Occupation authorities in 1946. According to Brian Daizen Victoria's book, Zen War Stories, the Black Dragon Society was reconstituted in 1961 as the Black Dragon Club (Kokuryū-Kurabu.) The Club never had more than 150 members to succeed in the goals of the former Black Dragon Society.
real6
04-11-2010, 05:05 PM
$135 Billion U.S. Federal Reserve Note Series 1934 Bonds In Italy Seizure ( 2009 )
by, Unwanted Publicity Intelligence - Staff Writer [ e-mail: unwantedpublicity@ ]
October 24, 2010 09:01:22 ( PST ) Updated ( Original: June 3, 2009 22:42:08 )
ITALY, Chiasso - June 1, 2009 - Border authorities here today detained two ( 2 ) Japan citizens [ i.e. Don Mitsuyoshi Watanabe (aka) Mitsuyoshi Watanabe ( ) and Akihiko Yamaguchi ( ) ] traveling by train to Switzerland with suitcase luggage equipped with a hidden bottom compartment containing 249 central bank paper certificates enscribed with "U.S. Federal Reserve Note" and "Series 1934" displaying face values of $500,000,000 million U.S. dollars each plus interest coupons [ numbered D 45184101 A and D 45184350 A ], in-addition to ten [ 10 ] other U.S. Federal Reserve Note certificate bonds believed dated during the U.S. President Kennedy Administration displaying a face value of $1,000,000,000 billion U.S. dollars each, and two [ 2 ] Japan government Series 57 bonds [ numbers: A 1306 and A 1310 ] A total of 259 United States Federal Reserve Note certificate Bonds seized totaling $134,600,000,000 billion U.S. dollars seemed bound for Switzerland.
[ NOTE: Begin viewing the complete "Slideshow" color photo presentation of all image documents surrounding this $134.6 billion border seizure case, at: ( click: "Slideshow" ) ]
In addition to United States Treasury Federal Reserve Notes ( FRN ) there were Japan government Series 57 bonds [ ] dated April 30, 1958.
Japan Finance Minister Kaoru Yosano addressed the public, shortly after the $134,600,000,000 billion U.S. dollars in certificates were seized, declaring the Japan government was confident about its U.S. Treasury outlook. "We have complete trust by the fact that U.S. views its strong dollar policy as fundamental," Yosano stated.
The two ( 2 ) men from Japan, caught with the $134,600,000,000 billion (USD) in U.S. Treasury Federal Reserve Bank certificate notes and bonds, were not named [ i.e. Don Mitsuyoshi Watanabe (aka) Mitsuyoshi Watanabe ( ) and Akihiko Yamaguchi ( ) ].
Since 1998, Unwanted Publicity Intelligence ( UPI ) websites - and its predecessor websites - have alerted the global public as well as providing certain professionals with intelligence on global financial instrument fraud. UPI websites link to numerous detailed reports, image document copies, and accompanying support documents surrounding these high-value legacy financial instruments including the infamous Series 1934 U.S. Federal Reserve Note certificate bonds, recently seized by federal authorities in Italy.
Unlawfully distributed high-value financial instruments, known as "Restricted Securities," have been distributed for decades by a select group of international individuals tied to radical religious fundamentalist rebels and terrorists.
What remains unsolved is the fact that these financial instrument distributors are either mysteriously released by various national federal law enforcement authorities, never named, and / or never charged with a crime.
According to the Unwanted Publicity Intelligence website host, its global database of privately gathered intelligence provides information and a lengthy list of individual names involved, even some prominent Japanese men whose names, notarized signatures, and copies of their passports are attached to support documents accompanying these unlawfully traded legacy high-value financial instruments.
Stacks of these types of documents, that look convincing, are packaged into joint venture agreement contracts that set forth specific terms and time periods for their placement as an illiquid paper asset - with a typical face value worth billions - to be held under management by independent offshore banks attempting to use over-inflated balance ledger sheets to buy debt obligations - that can later secure legitimate loans - from an international commercial big bank.
Financial instruments and support documents, such as these, have seen the following Japanese men named before:
- Ryutaro Hashimoto (aka) Ryutaro Hasimoto [ former Japan Prime Minister ];
- Sadakazut Tanigaki [ former Japan Finance Minister ];
- Takeharu Okitsu;
- Tetsuro Saito;
- Kazutoshi Okazaki; and,
- Others.
On April 24, 1998 the Japan government of Ryutaro Hashimoto announced a ´16.6 trillion ( $134,000,000,000 billion ) package supposed to boost nominal GDP [ Gross Domestic Product ] by 2% in 1999. Although billed as the largest stimulus package in history, critics complained that at only 3% of GDP it was insufficient. They also said that too much was directed at public works spending ( 25% ) while too little was devoted to tax cuts. Some contended that much of the announced $134,000,000,000 billion was actually composed of 'old programs bearing new labels' that did not actually consist of 'new spending' (aka) "mamizu."
Japan's ruling Liberal Democratic Party began to seriously consider an additional stimulus plan after its July 1998 Upper House election defeat signaling public dissatisfaction with Japan Prime Minister Ryutaro Hashimoto (aka) Ryutaro Hasimoto economic policies.
Japan tried various stimulus packages in an effort to revitalize an anemic economy.
Mainstream media press releases and government agency sources ( see below ) continue claiming all seized financial instruments were nothing more than worthless fakes or fraudulently manufactured paper documents that initially appeared to be something they were not ( valuable ). There appears to be no official news surrounding any United States of America experts that may have actually inspected the documents seized, and since there appears to have been Japan government Series 57 bonds also seized, one might imagine that Japan would want to send their own team of experts to investigate those financial instruments as well. Interestingly, arrested for another matter was the director of a United States radio program who believed the seized bonds were real and went as far as to indicate Japan was trying to sell them in Switzerland because the United States somehow lacked the ability to honour its debt and/or confidence from other countries wishing to get paid as previously scheduled years ago. The following news reports are a good cross-section of information surrounding the treasury reserve notes and bonds seized at the Chiasso border of Italy:
U.S. Recovers FED Bonds Or CIA Forgeries?
1857 - 2010 Americas - Europe
UNWANTED INTELLIGENCE: BIGGER THAN WATERGATE NO. 2
Unwanted Publicity makes note:
Historical intelligence points to 'at least one' ( 1 ) individual - who I will 'not name' - and who was 'not named' in the $135 billion Chiasso incident, however 'is clearly named' ( below ) in this interesting United States District Court ( Michigan ) federal civil case that also - interestingly enough - additionally 'clearly names' the "GOVERNMENT OF FREE VIET NAM" ( GFVN ), Thailand Royal Family but does 'not name' Ray Chhat Dam or OITC, involving billions in 1934 Series United States Federal Reserve Note interest bearing coupon Bonds, Department of the United States Treasury, bank guarantees ( BGs ), certificates of deposit ( CDs ) Trusts, international business companies ( IBCs ), foreign bank accounts, United States domestic bank accounts, international master traders, international master trading committment holders, committment holders, high-value financial instrument assets, foreign and domestic individual investors, private placement programs ( PPP ), claimed secret trading programs, claimed U.S. Central Intelligence Agency ( CIA ) assets, plus much more ( immediately below].
IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF MICHIGAN SOUTHERN DIVISION
Federal Civil Case No.: 00-71800 and further providing of documents related
Tags: 57,
federal,
dragon,
bonds,
gold,
1934,
notes,
japan,
keenan,
china
Prev: 1998 - 2010 Americas - Europe - Oceania
Next: 1674 - 1995 Americas - Asia - Europe
-----------------------------------------------------------
NEW: WHEN THIS THING BLOWS, WATER GATE WILL LOOK LIKE A "PIMPLE" ON A GNAT'S Antenna." (views: 55)
watcher51445 -- Wednesday, 29-Sep-2010 07:38:12
real6
09-02-2011, 05:44 PM
ITALY, Chiasso - June 1, 2009 - Border authorities here today detained two ( 2 ) Japan citizens [ i.e. Don Mitsuyoshi Watanabe (aka) Mitsuyoshi Watanabe ( ) and Akihiko Yamaguchi ( ) ] traveling by train to Switzerland with suitcase luggage equipped with a hidden bottom compartment containing 249 central bank paper certificates enscribed with "U.S. Federal Reserve Note" and "Series 1934" displaying face values of $500,000,000 million U.S. dollars each plus interest coupons [ numbered D 45184101 A and D 45184350 A ], in-addition to ten [ 10 ] other U.S. Federal Reserve Note certificate bonds believed dated during the U.S. President Kennedy Administration displaying a face value of $1,000,000,000 billion U.S. dollars each, and two [ 2 ] Japan government Series 57 bonds [ numbers: A 1306 and A 1310 ] A total of 259 United States Federal Reserve Note certificate Bonds seized totaling $134,600,000,000 billion U.S. dollars seemed bound for Switzerland.
[ NOTE: Begin viewing the complete "Slideshow" color photo presentation of all image documents surrounding this $134.6 billion border seizure case, at: ( click: "Slideshow" ) ]
In addition to United States Treasury Federal Reserve Notes ( FRN ) there were Japan government Series 57 bonds [ ] dated April 30, 1958.
Japan Finance Minister Kaoru Yosano addressed the public, shortly after the $134,600,000,000 billion U.S. dollars in certificates were seized, declaring the Japan government was confident about its U.S. Treasury outlook. "We have complete trust by the fact that U.S. views its strong dollar policy as fundamental," Yosano stated.
The two ( 2 ) men from Japan, caught with the $134,600,000,000 billion (USD) in U.S. Treasury Federal Reserve Bank certificate notes and bonds, were not named [ i.e. Don Mitsuyoshi Watanabe (aka) Mitsuyoshi Watanabe ( ) and Akihiko Yamaguchi ( ) ].
Since 1998, Unwanted Publicity Intelligence ( UPI ) websites - and its predecessor websites - have alerted the global public as well as providing certain professionals with intelligence on global financial instrument fraud. UPI websites link to numerous detailed reports, image document copies, and accompanying support documents surrounding these high-value legacy financial instruments including the infamous Series 1934 U.S. Federal Reserve Note certificate bonds, recently seized by federal authorities in Italy.
Unlawfully distributed high-value financial instruments, known as "Restricted Securities," have been distributed for decades by a select group of international individuals tied to radical religious fundamentalist rebels and terrorists.
What remains unsolved is the fact that these financial instrument distributors are either mysteriously released by various national federal law enforcement authorities, never named, and / or never charged with a crime.
According to the Unwanted Publicity Intelligence website host, its global database of privately gathered intelligence provides information and a lengthy list of individual names involved, even some prominent Japanese men whose names, notarized signatures, and copies of their passports are attached to support documents accompanying these unlawfully traded legacy high-value financial instruments.
Stacks of these types of documents, that look convincing, are packaged into joint venture agreement contracts that set forth specific terms and time periods for their placement as an illiquid paper asset - with a typical face value worth billions - to be held under management by independent offshore banks attempting to use over-inflated balance ledger sheets to buy debt obligations - that can later secure legitimate loans - from an international commercial big bank.
Financial instruments and support documents, such as these, have seen the following Japanese men named before:
- Ryutaro Hashimoto (aka) Ryutaro Hasimoto [ former Japan Prime Minister ];
- Sadakazut Tanigaki [ former Japan Finance Minister ];
- Takeharu Okitsu;
- Tetsuro Saito;
- Kazutoshi Okazaki; and,
- Others.
On April 24, 1998 the Japan government of Ryutaro Hashimoto announced a ´16.6 trillion ( $134,000,000,000 billion ) package supposed to boost nominal GDP [ Gross Domestic Product ] by 2% in 1999. Although billed as the largest stimulus package in history, critics complained that at only 3% of GDP it was insufficient. They also said that too much was directed at public works spending ( 25% ) while too little was devoted to tax cuts. Some contended that much of the announced $134,000,000,000 billion was actually composed of 'old programs bearing new labels' that did not actually consist of 'new spending' (aka) "mamizu."
Japan's ruling Liberal Democratic Party began to seriously consider an additional stimulus plan after its July 1998 Upper House election defeat signaling public dissatisfaction with Japan Prime Minister Ryutaro Hashimoto (aka) Ryutaro Hasimoto economic policies.
Japan tried various stimulus packages in an effort to revitalize an anemic economy.
Mainstream media press releases and government agency sources ( see below ) continue claiming all seized financial instruments were nothing more than worthless fakes or fraudulently manufactured paper documents that initially appeared to be something they were not ( valuable ). There appears to be no official news surrounding any United States of America experts that may have actually inspected the documents seized, and since there appears to have been Japan government Series 57 bonds also seized, one might imagine that Japan would want to send their own team of experts to investigate those financial instruments as well. Interestingly, arrested for another matter was the director of a United States radio program who believed the seized bonds were real and went as far as to indicate Japan was trying to sell them in Switzerland because the United States somehow lacked the ability to honour its debt and/or confidence from other countries wishing to get paid as previously scheduled years ago. The following news reports are a good cross-section of information surrounding the treasury reserve notes and bonds seized at the Chiasso border of Italy:
====
Courtesy of: Unwanted Publicity Intelligence, the website(s)
Source: KYODO NEWS AGENCY and JAPAN TODAY
June 11, 2009 06:18 AM JST ( Thursday )
2 Japanese Carrying $134 Bil Worth Of U.S. Bonds Detained In Italy
ROME — Two Japanese nationals were detained by Italian financial police last week after trying to enter Switzerland with $134 billion worth of undeclared U.S. bonds, mostly Treasury bonds, an Italian daily said Wednesday.
The Japanese consulate general in Milan confirmed that the detention had taken place and said it was trying to confirm with Italian authorities whether the two were indeed Japanese nationals and their identities.
According to the report in il Giornale, two unidentified Japanese in their 50s concealed the bonds, including 249 U.S. Treasury bonds each worth $500 million, in a suitcase with a false bottom that was searched by the Italian authorities June 3 when they were in Chiasso, at the border with Switzerland, about 50 kilometers north of Milan.
The daily did not say on what charges they have been detained, but the two may have been detained on suspicion of attempting to take a large amount of securities out of Italy without declaring it because the paper said they had not declared the bonds.
- -
Story / Article: "2 Japanese Carrying $134 Bil Worth Of U.S. Bonds Detained In Italy"
COMMENTS ( 80 ) [ read below ]:
Posted by: grafton
Posted at: 07:23 AM - JST - 11 June 2009
“$134 billion worth of undeclared U.S. bonds”
There are some banks that don’t have that much money, in fact there are some countries that don’t. If all this goes quiet then governments are involved, otherwise this is the seed of a very serious scandal that will be worth watching over the next few weeks. Problem is this is Italy & with Silvio Berlusconi running the show a big brown envelope could make everything just go away. Just like magic.
real6
09-02-2011, 06:06 PM
Scam Involving Fraudulent Bonded Promissory Notes (BPNs)
February 2010
The Federal Reserve Bank of New York has become aware of numerous attempts to present fraudulent bonded promissory notes which reference a fictitious bond account at the Federal Reserve Bank of New York. The fraudster claims to have a bond account in excess of $100,000,000 established at the Federal Reserve Bank of New York (or at another Federal Reserve Bank) upon which he or she can issue bonded promissory notes as forms of legal payment for debt. Sometimes the fraudulent bonded promissory notes are remitted as payment for debts owed by the fraudster issuing the bond, while in other cases the fraudulent bonded promissory notes are used in attempts to pay the debts of third parties. Fraudsters have attempted to use fraudulent bonded promissory notes to pay for various items including automobiles, mortgage payoffs and medical and veterinarian bills.
These documents are fraudulent and will not be honored if presented.
A promissory note is a form of debt similar to a loan or an IOU. An individual (investor) makes an agreement to loan money to a company in exchange for a fixed return from the company, usually principal plus annual interest. While some promissory notes are indeed legitimate, they are rarely available to the general public. If the promissory note claims to be payable through an account held at a Federal Reserve Bank, the note is fraudulent.
* How to Avoid a Promissory Note Scam
Generally, agents selling promissory notes need to be licensed. You can verify whether the person trying to sell you a promissory note is licensed by contacting your state securities regulator: QuickLinks/ContactYourRegulator.cfm
* Most investments involving promissory notes need to be registered with the SEC. You should verify whether the promissory note is registered or exempt from registration by contacting the SEC, .
* The majority of legitimate promissory notes are not sold to the general public. If you are being contacted by phone by someone trying to sell you a promissory note, it is most likely a scam.
* If the return rate seems too good to be true, the note is likely fraudulent.
* Be wary of promises of “risk free” returns.
Click here to see a sample of a fraudulent promissory note.
Sample Fraud ›› (jpg - 340 kb)
If you have reason to believe you have invested in a fraudulent promissory note, you should contact your local FBI office.
Marco Peter Kunkel/Brandy Kelvin Advance Fee Scam
September 2009
It has come to the attention of the New York Fed that there is a new advance fee scam being committed using the New York Fed name. An advance fee scam is a fraud that urges a target to send a specific sum of money to a person or entity up front in order to receive a larger amount of money. Many times the fraudster asks for the target’s personal information, including bank account information, in order to send this promised larger amount of money. Release of this personal information may facilitate identity theft.
The recent scam involves a fraudulent e-mail from persons purporting to be either employees or agents of the New York Fed, including Mr. Marco Peter Kunkel or Mrs. Brandy Kelvin. The e-mail informs the targets that an account has been opened in his or her name at the Federal Reserve Bank of New York and that funds have been deposited in this account. The e-mail instructs the targets to pay a surcharge in order to activate this account and access the funds that have been deposited in their name. The e-mail will sometimes provide a username and password for the target to use to access this fictitious account, as well as wiring instructions for the surcharges. The e-mail will sometimes include fraudulent Federal Reserve documents, including fictitious identification cards of employees. The fraudsters have even begun to use the names of actual Federal Reserve Bank of New York employees in this scam.
The e-mail addresses used in this scam include:
mr.marcopeterkunkel@ marcopeterkunkelfedralreserve@ marcopeterkunkelfedralreserve@google-
marcok39@
mkmarcokunkel801@ marco.marcokunkel.kunkel36@ brandykelvin2007@google-
kelvinbrandy2008@google-
brandykelvin2009@google- mrs.brandykelvin@
These fraudsters have also created the following fraudulent website in an effort to spoof the official Federal Reserve Bank of New York site, and to facilitate their scam:
See Sample Scams:
Sample Fraud 1 ›› (jpg - 155 kb)
Sample Fraud 2 ›› (jpg - 177 kb)
Sample Fraud 3 ›› (jpg - 154 kb)
Sample Fraud 4 ›› (jpg - 838 kb)
Sample Fraud 5 ›› (jpg - 555 kb)
If you are contacted in an unsolicited e-mail claiming that you have funds on deposit with the Federal Reserve Bank of New York, or have information regarding this fraud please contact Kristin Sturm or Robert Amenta in the Investigations Group at the Federal Reserve Bank of New York. They can be reached at the following
e-mail address:report.fraud@ny..
Scam Involving the Use of Actual Federal Reserve Bank of New York Employees’ Names in Unsolicited E-mails
April 2009
Please be alert to a fraudulent scam involving individuals who claim to be actual Federal Reserve Bank of New York employees in unsolicited e-mails to defraud the public.
In most versions of the scam, the fraudster poses as a Federal Reserve Bank of New York employee and falsely claims that the individual contacted has millions of dollars on deposit with the Federal Reserve Bank of New York. Then the fraudster tries to get the individual to pay a fee, sometimes $950, in order to obtain these (fictitious) funds. The fee will be stolen by the fraudster, and no funds will be provided to person paying this fee.
Click to see various samples of this fraudulent scheme:
Sample Fraud 1 ›› (pdf - 1,235 kb)
Sample Fraud 2 ›› (pdf - 1,286 kb)
Sample Fraud 3 ›› (pdf - 203 kb)
Sample Fraud 4 ›› (pdf - 147 kb)
Sample Fraud 5 ›› (pdf - 630 kb)
Sample Fraud 6 ›› (pdf - 4,767 kb)
Details of this Fraud Scheme
In many instances, the fraudster claims that the (fictitious) funds were “with-held due to improper and un-official payment documentations, lack of proper verification documents from the beneficiary to ascertain the legality, source/origin and authenticity of these funds.” The fraudster claims that their need for proper documentation will require the payment of a fee, which is then stolen by the fraudster.
These e-mails are part of an elaborate scam to lure the public into making payments to the scammer for fictitious documents that the scammer claims are necessary to release the (fictitious) funds. The fraudster often claims that to obtain payment of these funds, the individual must remit a “Subsidized Charge” fee, sometimes in the amount of $950, for a “Payment Documentation / Payment Confirmation” service. Other times the scammer asks for a fictitious “Tax Clearance Receipt” which allegedly “will officially enable and allow us officially to release your payment to you.”The fraudster usually requests that the funds be sent via Western Union or Money Gram. These systems allow the fraudster to pick up the fee in various jurisdictions around the world, even though the remitter believes that the funds are being picked up in New York by an employee of the Federal Reserve Bank of New York.
The fraudulent scheme includes multiple documents purportedly signed by various senior officials of the Federal Reserve Bank of New York. The e-mails usually contain sham e-mail addresses and phone numbers that are not assigned to the Federal Reserve Bank of New York. In some instances, these documents request personal information from the individuals receiving the e-mails, possibly for identity theft purposes. The Federal Reserve Bank of New York does not maintain accounts or funds on deposit for individuals, or non- financial institutions. The Federal Reserve Bank of New York will never send an e-mail asking for personal information.
If you are contacted in an unsolicited e-mail claiming that you have funds on deposit with the Federal Reserve Bank of New York, or have information regarding this fraud please contact Robert Amenta, Senior Special Investigator at the Federal Reserve Bank of New York. He can be reached at the following e-mail address:report.fraud@ny.
Scam Involving Fraudulent Checks Purporting to be From a University of Illinois Account at the Federal Reserve Bank of New York
March 2009
The Federal Reserve Bank of New York has recently become aware of a large number of fraudulent checks presented for processing through the Federal Reserve system. The checks purport to be from the University of Illinois and bear a Tampa, Florida address, rather than an Illinois address. These sham checks claim to be drawn on a University of Illinois account allegedly maintained at the Federal Reserve Bank of New York, routing number 021001208.
These sham checks are usually made out to individuals in the United States in amounts between $3,500 and $4,800. It appears that these checks originate from overseas. In some instances the checks are received by individuals trying to sell items on eBay or craigslist. In those instances, the checks received by the sellers are in amounts exceeding the cost of the goods, with the "Purchaser" requesting that the seller remit the overage back to the buyer, less a small fee for their inconvenience. In other instances, "new employees" are solicited to engage in check cashing activities, keeping a fee and remitting the remainder via a money remitter.
These checks are fraudulent. The Federal Reserve Bank of New York does not offer commercial account services of this type.
Click here to see a sample of a fraudulent check.
If you receive a check purporting to be from a University of Illinois account at the Federal Reserve Bank of New York or have information regarding this fraud please contact Robert Amenta, Senior Special Investigator at the Federal Reserve Bank of New York.
Federal Reserve Board alerts public to instances of questionable solicitations directed at consumers
November 2008
The Federal Reserve Board on November 4 alerted the public to instances of questionable solicitations directed at consumers. These solicitations promise consumers access to personal loans through a nonexistent Federal Reserve lending program.
Under this fraudulent scheme, targeted individuals are told that that they can work through a broker to access a Federal Reserve program that extends sizable secured loans to consumers. Consumers are encouraged to deposit large sums of money into a bank account, under the guise of a security deposit, in order to receive the purported loan. The Federal Reserve is advising consumers that it has no involvement in these solicitations and does not directly sponsor consumer lending programs. The matter has been referred to the appropriate authorities for action.
Consumers are strongly urged to verify the legitimacy of potential service providers before entering into a business transaction. Individuals seeking personal finance options are encouraged to do business only with reputable lenders and to shop around for the most favorable loan terms.
Board of Governors press release ››
Scam Involving Yohannes Riyadi and/or Wilfredo Saurin
November 2007
The Federal Reserve is aware of a fraudulent scam involving individuals using the names Yohannes Riyadi and/or Wilfredo Saurin, or persons claiming to be representatives of these two men. In a typical version of this scam, Mr. Riyadi and/or his delegates falsely claim that they have on deposit with the Federal Reserve Bank of New York several U.S. Treasury Checks issued to Mr. Riyadi amounting to billions of dollars.
The Federal Reserve Bank of New York has been contacted by several brokers and financial institutions worldwide inquiring about the validity of this fraudulent account documentation, which is being offered as collateral for lines of credit or other types of asset based financing. The fraudulent scheme includes multiple documents which purport to have the signatures of various Federal Reserve officials, including Chairman Ben Bernanke.
In some instances, individuals involved in this fraudulent scheme claim to have met with Federal Reserve officials and claim to have verified that the alleged account is in order. We have also learned that the fraud may include the purchase of certain documents by the introducing brokers.
If you have information regarding this fraud please contact either Robert Amenta, Special Investigator at the Federal Reserve Bank of New York, or Erik Rosenblatt, Senior Special Agent at the Department of Homeland Security, Immigration and Customs Enforcement.
Discovered 1930s Notes and Bonds
July 2005
The Federal Reserve is aware of several scams involving high denomination Federal Reserve notes and bonds, often in denominations of 100 million or 500 million dollars, dating back to the 1930s, usually 1934. In each of these schemes, fraudulent instruments are claimed to be part of a long-lost supply of recently discovered Federal Reserve notes or bonds.
Fraudsters often falsely claim that the purported Federal Reserve notes or bonds that they hold are somehow very special and are not known to the public because they are so secret. Fraudsters have attempted to sell these worthless instruments, or to redeem or exchange them at banks and other financial institutions, or to secure loans or obtain lines of credit using the fictitious instruments as collateral.
The Federal Reserve has never issued any bonds or notes with coupons attached. The Federal Reserve Bank of New York is not aware of any currency or debt stockpile of large denomination Federal Reserve notes from the 1930s and warns that any institution that pays out on such a claim does so at its own risk.
It should also be noted that the largest denomination of currency ever printed by the Bureau of Engraving and Printing was the $100,000 Series 1934 Gold Certificate featuring the portrait of President Wilson. These notes were printed from December 18, 1934, through January 9, 1935, and were issued by the Treasurer of the United States to Federal Reserve Banks only against an equal amount of gold bullion held by the Treasury Department. The notes were used only for official transactions between Federal Reserve Banks and were not circulated among the general public.
Fraudulent Federal Reserve Note Schemes offsite
SR 03-14, July 16, 2003
Below we have provided images of various fraudulent Federal Reserve Notes or Bonds
Sample Fraud 1 ›› (jpg - 177 kb)
Sample Fraud 2 ›› (jpg - 225 kb)
Sample Fraud 3 ›› (jpg - 177 kb)
Sample Fraud 4 ›› (jpg - 243 kb)
Sample Fraud 5 ›› (jpg - 251 kb)
Sample Fraud 6 ›› (jpg - 259 kb)
Sample Fraud 7 ›› (jpg - 111 kb)
Sample Fraud 8 ›› (jpg - 155 kb)
For more information about the legitimate Federal Reserve note denominations, visit the Bureau of Engraving and Printing's website, .
Private Placement Programs/High Yield Investment Programs
July 2005
So-called high yield investment programs or “capital enhancement programs” purport to be highly secretive, very lucrative programs of investment in various financial instruments, such as medium term notes, standby letters of credit and "prime bank" guarantees. These fraudulent “programs” are presented as legitimate investment vehicles being offered by "invitation only" by the "U.S. Federal Reserve Bank."
Scam artists claim that proceeds from the programs are slated for investment, often abroad. Fictitious letters are often used to convince targets that the programs are legitimate.
Targets are told that in order to participate they must provide the scam artist with verification of large (usually multi-million dollar) deposits in a personal bank account, and to provide an enlarged color copy of the signature page of the target’s passport. Scam artists give “guarantees,” frequently in writing, that the money will remain in the target’s account, under her sole control, throughout the term of the program.
The purpose of these schemes is to obtain enough information about the target to allow the scam artist to impersonate the target and take the money from the designated account.
Additional material and information that may be requested include a color photo, a reproducible copy of the target’s signature and other key personal information, including a passport number, a personal bank account number, routing number and SWIFT code.
Employees of the Federal Reserve Bank of New York and the Federal Reserve System do not offer investments to the general public. Furthermore, the Federal Reserve does not use any agents that are authorized to deal with the general public.
"Prime Bank" and Other Financial Instrument Fraud Schemes offsite
SR 02-13, May 20, 2002
Testimony of Herbert A. Biern: "Prime Bank" Schemes
The Deputy Associate Director of Banking Supervision and Regulation before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate
July 17, 1996
Development Investment Programs
January 2003
Numerous investment scams purport to "enhance assets" for project development. These scams often invoke the name of the Federal Reserve or cite Federal Reserve research.
The scam artist tries to convince a would-be investor to place his funds with an asset manager, who will enhance the investment while funding various humanitarian projects, such as building bridges in developing countries.
Sample Fraud ›› (jpg - 119 kb)
Federal Trading Program
July 2005
In this scam, a target is told that the Federal Reserve uses a “Federal Trading Program” to enhance the U.S. economy.
According to the scam artist’s explanatory documents, participation in the program requires proving ownership of unencumbered assets worth $100 million or more. The target is told that these assets must then be transferred to a "safe keeping account," conveniently at the target’s bank, where the target will have "complete access to [his/her] funds at all times."
Once the money is in this account, the Federal Reserve purportedly assigns a "federal trading number" so that the number of trades can be monitored. The Federal Reserve also purportedly will guarantee, in writing, the rate of return.
The purpose of the scheme is to obtain enough initial information about the target to allow the scam artist to impersonate him and take the money from the designated account.
Exhibit: Phony Securities
Reprinted from:
Examples of Known Phony Securities
"Limited Edition" Treasury Securities
The U.S. Treasury has become aware that certain foreign individuals and groups are attempting to sell fictitious Treasury securities referred to as "Limited Edition" Treasury securities. As part of this scheme, entities such as broker-dealers and banks are being approached to act as fiduciaries for transactions. The proposal to sell these fictitious securities makes misrepresentations about the way marketable United States Treasury securities are bought and sold and it also misrepresents the role that the U.S. Treasury plays in the original sale and issuance of our securities.
The U.S. Treasury has requested that the SEC investigate this matter and that it notify its foreign securities regulatory counterparts. The U.S. Treasury has also contacted the NASD, NYSE and financial institution regulatory agencies to alert their examiners and their respective members or financial institutions that they supervise. The Secret Service and FinCEN have also been notified. All of these organizations were advised that there is no such security as a "Limited Edition" Treasury security. In response to our requests, a number of regulatory agencies have issued alerts or warning notices to their institutions and members.
U.S. Treasury Bills - One Year "Fresh Cut"
The U.S. Treasury has become aware that the above-named fictitious securities are being offered for sale. An individual was offered these securities by a person who represented himself to be a consultant to Lesser Developed or Third World countries. This particular transaction was for $500 billion -- an astounding amount in itself. In another incident, a large government securities dealer was contacted to enter into a transaction involving these fictitious securities. The U.S. Treasury has never issued any Treasury bills that were named One Year "Fresh Cut."
"U.S. Dollar Bonds"
The U.S. Treasury gets many inquiries, mostly from the Far East, about these bonds being issued in the 1930's or early 1940's by the CIA to help Chiang Kai-shek fight the communists. It is alleged that they have been buried in caves by his generals and their heirs for years and have recently been unearthed. They are now being fraudulently offered to people at a fraction of their face value. This story is false. These securities are not genuine and do not bear provisions that even remotely resemble Treasury securities. Click on the thumbnail image at left to view a full-size image of an alleged "U.S. Dollar Bond" (130K JPG file, uploaded 4/16/99).
Most of these fictitious obligations, on their face, refer to the Ministry of Finance of the United States and the Washington Bank of America. There never was a Ministry of Finance of the United States and to the best of our knowledge, the Washington Bank of America is non-existent. When confronted with this information, fraud artists still fall back on the "CIA did it and didn't tell anyone" routine. The visual appearance of a registered or bearer Treasury security is considerably different from so-called United States Dollar Bonds.
There have been arrests and convictions in the United Kingdom against individuals that were alleging these to be obligations of the United States. Several other investigations are being conducted. Many of our inquiries come from West Coast law firms that are checking on the validity of these bonds for clients that reside in China, Singapore and Taiwan.
Fraudulent "Federal Notes" or "Bonds"
The U.S. Treasury has received hundreds of contacts about these bogus securities, commonly known as "Morgenthaus" as Robert Morgenthaus was Secretary of the Treasury in 1934. These "federal notes" are not currency, neither are they bearer bonds. They are in fact crude forgeries that appear to have originated out of the Philippines. The "story" being told is that the United States shipped them to Philippine freedom fighters in the WW II era to help with the war effort. Some "investors" have brought them to us in so-called "Federal Reserve" metal boxes, along with other related certificates, such as Global Immunity (file size 92K, JPG file uploaded 10/26/01), FDIC Insurance (file size 83K, JPG file uploaded 10/26/01), Gold Bullion (file size 123K, JPG file uploaded 10/26/01), shipping manifests and "gold" coins. These crude forgeries were likely made by inserting images of $100 dollar bills (Ben Franklin), $1,000 dollar bills (Grover Cleveland) and even $1 dollar bills (George Washington) into a computer program, then altering the amounts to read $100 million and $500 million, then adding coupons both in English and Chinese script. Most were then printed on modern color printers or copiers. These modern color printers or copiers did not exist in 1934 when these bogus notes are alleged to have been issued. The Treasury Department did not issue securities (bonds) in $100 million or $500 million denominations during the time period alleged in this fraud.
To view one variety of these "Federal Notes", please click on the thumbnail image at left" (117K JPG File, uploaded 4/16/99).
To view two other varieties of these "Federal Notes", please click here (878K JPG File, uploaded 10/4/00) and here (961K JPG File, uploaded 10/4/00).
The largest federal reserve note (currency) every printed was $100,000 and was only used inside the banking system. For more information on this currency item, please review the FAQ at opc/ opc0034.html "What was the largest currency denomination every produced?"
US Secret Service Agent Displays Counterfeit Federal Reserve Bonds in Manila. To view article click here. (168K PDF File, uploaded 3/1/01)
U.S. v. Fareed Shabbar
On April 10, 2000, in Federal District Court for the Middle District of Tennessee in Nashville, Mr. Shabbar was convicted of violating 18 USC 514, the fictitious instruments statute. Mr. Shabbar had attempted to secure funds to finance the negotiation of several of these bogus federal notes. For any questions relating to the prosecution of this case, please contact Asstistant United States Attorney Trey Hester at 615-736-5151.
U.S. v. Edward Keith Howick
On April 14, 2000, in Federal District Court for the District of Montana, Butte Division, Mr. Howick was convicted for violations of 18 USC 514 and 18 USC 472. Mr. Howick had attempted to pass, utter or present a 100 million and a 500 million bogus federal note. For any questions relating to the prosecution of this case, please contact Asstistant United States Attorney Kris A. McLean at 406-542-8851.
U.S. v. Kevin Jackson- Newark, NJ, May 29,2001
The defendant was convicted of conspiring to transmit a bogus 1934 $100M Federal Reserve Note in interstate commerce. Prior to testifying, the defense agreed to stipulate that our testimony would have been that these $100M notes were fraudulent. The jury then returned a guilty verdict in one hour and twenty minutes, which included lunch.
"De-facto" Treasury Securities
This term usually appears in offers to assign, rent or lease Treasury securities to an offeree for a fee, for a certain time period. These securities are bogus as the U.S. Treasury has never issued any securities called "de-facto" Treasury securities.
Philippine Victory Notes
There have been several inquiries regarding Philippine Treasury Certificates of Deposit and their relationship to Philippine Victory Notes. Philippine Treasury Certificates, Victory Series 66, commonly known as Philippine Victory Notes, were issued in 1944 by the Philippine Government. These currency notes were for use only in the Philippines, which at the time was a dependency of the United States, and were obligations of the Philippine Treasury.
The 500 Peso Philippine Victory Notes were demonetized by the Philippine government on December 31, 1957, and were withdrawn from circulation. At that point, other denominations of the Philippine Victory Notes, Victory Series 66, were no longer regarded as legal tender but could be exchanged or replaced at par, without charge, for legal currency until July 30, 1967. After that date, Series 66 was considered demonetized. If these notes are presented to you and purported to have current value today, it is a scam.
real6
09-02-2011, 06:12 PM
emboland:
I found a FR Box in Southern Phils. back in 1999 when we"re excavating for a schoolbuildings foundation. Since then, Im looking for a real buyer for this item until I got tired of all the circus I encountered specially w/ so called trustees from the Billionaires park in Davao City. Todate Im here in KSA working in one of the Projects of ARAMCO but I am willing to return to the Phils. anytime to arrange the transaction should a real buyer shows up.
But there are questions that lingers in my mind of which Im sure my fellow TH
can answer: a) How these FR box came to the Philippines?
b) The box I found has a sign, series 1934- meaning
this came early than WW2?
c) Is it still redeemable and has monetary value?
d) I read somewhere in the Internet that FR Box series
1934 is called Morganthaus papars and is declared fake.
Why? is Federal Bank/US Gov afraid that if theyre going to
redeem all this boxes,it will hurt their economy?
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ramrey:
hi emboland,
Are you from Davao, City? You know what this FRB that you found did you try to open it and see whats inside because if you do you must have an idea what it is, or does it look like a fake FRB, or just a photocopy of papers in one ream quantity.
Do you have the size of the box or what is the color of the box, what's inside the box when you open it is there a logo on top of the box,and how many boxes did you recover? There are so many fake FRB and they say that the realsource of the fake ones is mindanao this is according to the people i have met who is also in treasure hunting like me. Anyway be careful with what you have there some bad elements might use you to scam if they come to know you, and besides you don"t even know you might have something there that has value even as a collectors item. / ramrey ;)
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emboland:
Yes, Im from Cebu but settled permanently in DC. I also heard that so many FR boxes that turned out to be fakes, abound in DC. AS for my box, maybe its fake and maybe its not.
Out of curiousity I opened it back in 2000, inside was 5 pcs.gold coins almost exactly the same size as a P10 coin, a roll of Microfilm(maybe its microfilm coz it looks similar to Mfilms shown in Old spy/war movies),and a set of documents mostly Bank Deposit Certficates and assorted docs. The amount indicated in these papers are preposterous. in short,too good to be true.
when we found this FR box it was covered by a bituminous-like substance,yet it didnt dissolve in petrol, after a thorough cleaning it turned out that its original color is like Avocado green,there was an emblem made of bronze around 200mm in Diam. with "FEDERAL RESERVE BANK" on the upper part and and US of A underneath it. In the center is the majestic American Bald Eagle claspings a dozen arrows in its talons. Near the handle of the steel briefcase in bold letters "Series 1934", on the sides are US Govt property markings. Weighs +/-25 kgs.
In the same excavation where we found it, was a wooden box(like a old Kaban) , wood is so rotten that it crumpled in my grasps,inside was a crystal ball 350mm in diameter. Until now, even here in Saudi I cannot decipher what is the real use of that glass ball. Maybe its Owners are Manghuhula? some sort of pre-war madam Auring?
Todate, what is left is only 1 pc of the gold coins,(the other 4 pcs. was in the good hands of DC Pawnshop-naremate), the box is still there and its contents but a foreigner I met who also posed as a buyer kuno, told me that he's not interested in Open Box, specially w/ the documents MUTILATED by so many hands poring over it over the years of Curious lookers. The ball? its there in our house. these things are a reminder that Once upon a Time I engage myself in searching for the legendary Y treasure.
Anyway, still Im hoping that one day I'll be lucky enough to unearth a portion of this gold laden treasures. Next time, I will share to you my mis adventures and waste of hard earned money I spent for twenty years searching for these treasures
and everything thats related to it, while I m here in Saudi.
emboland
Raz Tanurah,KSA
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ramrey:
hi emboland,
Nice to hear from you i thought you would never answer my PM anyway i'am also an ex saudi i stayed in alkhobar as a salesman for al-bahsain trading Co, it is base in alkahobar and my clients are mostly supermarkets and camps. I once covered aramco for a short time due to the absence of the salesman who went on vacation. Is souks supermart still around and safeway supermart, these 2 are my biggest accounts, they are chains of supermarket base in dharan and dammam highway for safeway. Or maybe it is tamimi and fouad s/m now for safeway, that was a longtime ago 1980 to 1985 was my time when i was there i was barely 23 years old, i was driving this honda civic station wagon as my service vehicle. I live in touqba for almost a year then we transfer to al azziz road near the commercial center. Maybe the center of alkhobar is very different now than we were there28 years ago. I have been to ras tanura also is it the site of what they call foot steps of judas cave, i think i went there once in 1983.
I was wondering why you only got 1 baby box there should be a mother box that contain 12 baby box the same as what you are holding right now. Yes it is true the it will be very difficult to sell an open item since a lot of figerprints is now on your documents. If you have this mother box with the baby box and still not open maybe we can help you, all we need is a picture of the item all its contents and if you can use the 15 megepixel digicam that would be great. Are you sure that its only 5 pcs. and not 6 pcs. gold coins, could you tell us were it was located inside the box.
Bro thanks for the info and let us exchange emails maybe we can do something with your item.
best regards/ramrey
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boylara:
never mind if its about FRN or FRB...Federal Reserve Bank will deny its existence....you cannot redeem that....
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emboland:
to: Ramrey, yes Souks supermart is still there. And Khobar looks like a brand new city. You cant see old buildings now and the new ones are getting higher storeys too! its looks like a bustling newly created city,there's a construction project going on in almost all city block.its not surprising anyway,w/ economy backed by solid black gold fuelling the economy of the modern world. Re:FR Box,there are only 5 coins inside and I dont have a mother box. Many people are asking me about it but really,only one(1) box is all we found.
to: BoyLara, obviously- yes you are correct. the way its going,especially the way
US economy is performing now, the future for this box looks morose.
By the way, friends, anybody can tell me what is the use of a 350mm diameter Glass Ball? I found it beside the FR box. Some folks told me that maybe there are diamonds inside thats why when a Korean Foreigner offered to buy it after examining for almost 2 hours, I declined because Im thinking supposed theres really diamonds inside? Share your knowledge on this ball pls.,it floats in water and if you look closely on its base, you'll see a kaleidoscope of colors on it. Maybe its also valuable because why should somebody puts it in a wooden box complete w/ padlock and buried @ a depth of 150cms beside the FR Box? My 6 year 0ld daughter told me then, that: "Pa, basin Manghuhula ang tag iya ana?" ( Pa, maybe a fortuneteller owns it?)
fortune teller owns it) .
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golden eagle:
Dear Emboland,
Maybe I can shed some light on your questions regarding FRN,and FRB. When the Japanese invaded 14 SE Asian Countries of thier riches they also stole everything they could from the Banks and Financial houses that were storing Federal Reserve Bonds, Gold Certicates, and notes worth many trillions of dollars. (Operation Golden Lily 1937-45).
Ok. the Federal Reserve Bonds you mention, are usually stored in a mother box worth 3 Trillion Dollars. Inside the mother box there are 11 or 12 smaller boxes containing 1 Billion or 250 pieces (See Attached Photos.)
Both photos are GENUINE! So no bula bula here!
You asked if they are worth any money??
Well, yes. The U.S. Government has set up a Redemption Program so that "owners"
of such boxes can redeem the box provided they supply photos, and PROOF that they have the box in thier hands, and it can be examined so that it can be verified to be genuine! The Goverment will only pay upto 1% of the value of the boxe (s), simply because they know some of the bonds can still be redeemed! As you said this could really hurt the U.S. Economy! So.....They pay a little and take the boxes out of circulation for good. (1% of 1934 prices NOT todays prices).
This Redemption Program opens up for 2-4 months a year then closes again.
There is only one guy I know who knows when this program will start again.
Until you have filled out the attached form, and have the photos ready for inspection by the "Program Manager" in charge, I wont give you his name ok? I dont want to waste his time, or the U.S. Govts. The Boxes and details must be 100% genuine before you start down this road. Remember 1% of $3 trillion is still a lot of zeros. If you were the U.S. Govt. would you pay up when originally these boxes belonged to them in the first place?? These guy are serious and very professional, if you understand me. Dont mess with them. If you trust them then OK, I have my reservations. It is really good if the boxes have not been opened, and the seals and padlocks remain untouched. All Serial Numbers must be noted. The Redemption team will verify these numbers and can tell you if they are genuine BEFORE they enter any type of contract with you the seller. So please be aware of this. The process of researching archives takes time. It wont be Instant.
Ok I hope I have answered your questions on this subject.
God Bless
Golden Eagle
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rbelino_12:
Hi emboland,
First i'm not a treasure hunter. Some of my friends are. I'm presently residing now in California. From 2001-2006 my cousin and I got involved with these WF, FRN,Frn etc..etc.
We dont have any idea during that time. To make along story short we lost certain amount without seeing the real thing.
Going back to your question about the Box that you have. Do you still have it and still interested to find out if its still redeemable or someone is interested of helping you to find out, or someone can help you for facilitations.
We never met each other yet, so im not sure if you will enterntain my message to you.
I knew of someone in Manila who's now working in US EMbassy in Manila. He's involved with the recovery of those notes, WF, AU's and so on. If you are really want to know if what you have is real. I cannot promise you anything right now. This person in the US embassy in manila is a personal friend of mine. He is an american about 68 years of age,
and he knows a lot of these stuff. I can personally talk to him and assist you to find out if the box that you have is redeemable or can be converted to cash.
I can call you personally so that we can talk regarding the box. Im not an expert on this but my friend is. I'm willing to go back to the Philippines anytime if the box that you have is genuine. Is it alright if you can give me your number so that i can call you personally?
There's nothing wrong if we exchange information in this forum but i prefer that i can talk to you personally about this stuff. Or you can email me to this address......rebreb_425@ maybe we can email or exchange info for a while if this is what you prefer.
Regards
Boy
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boylara:
to all holders of FRN, Wells Fargo, FRB etc....The Truth is even what your holding are genuine,you CANNOT Redeem it... According to Federal Reserve Banks, that box never exit...and they don't want to give the said value...All buyers and some sellers are Scammers... There is no such thing as a person responsible in redeeming said item...1999 we have such box, recovered in one of our exploration, i have directly contacted Federal Reserve Bank and they answered my that That thing has no Value..To make the story we destroyed its content. I have seen a lot of boxes going around...If you want to here their story, just go to the Foodcourt of Farmers, Centermall and you will see old folks and they will be discussing about FRB, etc...trustees, marcos gold.
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rbelino_12:
hello boylara,
Do you still have the number of the Federal Reserve? Maybe you can give it to me because i have some questions to them. Whom did you talk to or what department did they connected you.
Do you know anybody personally who is connected to the Federal Reserve or someone who works or employed there? I do, thats is why i did mention that i could not promise anything yet, that i would have to contact my friend in the US embassy to personally check it out. I think you have to go to the right connection to find out if this stuff (FRN, FRB) is real or fake. But I do believe that Wells Fargo notes ( silver certificate, gold certificate or sometimes they called it gold seal, green seal or red seal) are real because i've seen some.
But it doesn't mean that because i knew of someone who has contact in department of treasury that it will mean that he will say that it exist. No i did not say that. In your reply, you mentioned that all buyers and sellers of this stuff are Scammer. How did you come out with that conclusion. Maybe you can light on this.
Anyway, i'm just here in the forum, just maybe to assist some compatriots about this FRN. FRB thru my personal friend who has good connection in the american bureaucracy.
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andyh
09-02-2011, 06:31 PM
I just don't know if i can fully trust Fulford's info thou.
He is a bit dodgy I must admit.
You've dug up a lot of other sources though with some extra info about this debacle.
I must've missed this or it isn't here- whatever happened to the guys who Italy let go? They just seemed to disappear without charges or anything?
Thanks again real6, its a good read.
real6
09-02-2011, 06:33 PM
WOW, how come this wasn't in the news?!?!??!?
ROME
Italian authorities have confiscated $20 billion in counterfeit U.S. government bonds.
Authorities say the bonds were of a quality that theoretically could have defrauded financial institutions.
But a stop at a highway rest area where a group of Carabinieri military police were taking a break proved to be the undoing of the group.
A Carabinieri statement said officers did a routine search of the vehicles after the "suspicious" behaviour of the men and found "to their surprise" a briefcase with 40 bonds 0each valued at $500 million.
Officials said Wednesday that U.S. officials confirmed the bonds were counterefeit. The six men are under investigation for receiving stolen goo
Carabinieri on travel break nab 6 carrying counterfeit US bonds worth euro20 billion
ap
On Wednesday January 26, 2011, 10:15 am EST
ROME (AP) -- Italian authorities have confiscated $20 billion in counterfeit U.S. government bonds.
Authorities say the bonds were of a quality that theoretically could have defrauded financial institutions.
But a stop at a highway rest area where a group of Carabinieri military police were taking a break proved to be the undoing of the group.
A Carabinieri statement said officers did a routine search of the vehicles after the "suspicious" behaviour of the men and found "to their surprise" a briefcase with 40 bonds 0each valued at $500 million.
Officials said Wednesday that U.S. officials confirmed the bonds were counterefeit. The six men are under investigation for receiving stolen goods.
real6
09-02-2011, 06:35 PM
He is a bit dodgy I must admit.
You've dug up a lot of other sources though with some extra info about this debacle.
I must've missed this or it isn't here- whatever happened to the guys who Italy let go? They just seemed to disappear without charges or anything?
Thanks again real6, its a good read.
Anytime Andy :)
I just had to re-read the whole thread really fast. Been a while.
Look at pages 14 and 19. That's when it gets really juicy!!!!
Page 19 is the pics of the 3 men that were there. I should dig up some dirt on them to see what they are doing now mauhahahaha
It just happened again with 20 billion Euros!!!
What the hell!!!
andyh
09-02-2011, 06:38 PM
Anytime Andy :)
I just had to re-read the whole thread really fast. Been a while.
Look at pages 14 and 19. That's when it gets really juicy!!!!
Page 19 is the pics of the 3 men that were there. I should dig up some dirt on them to see what they are doing now mauhahahaha
It just happened again with 20 billion Euros!!!
What the hell!!!
Jesus what the hell is going on? lol!? :p
Yeah I was just curious as to what happened to those 3 guys, last I knew they got away with it scot free.
I'll check 14+19 again.
real6
09-02-2011, 06:40 PM
Jesus what the hell is going on? lol!? :p
Yeah I was just curious as to what happened to those 3 guys, last I knew they got away with it scot free.
I'll check 14+19 again.
Give me alittle time while i lurk for the info mauahhaha
Damn, they even have a wiki for it now hahahaha:
The Chiasso financial smuggling case began on June 3, 2009 near Chiasso, Switzerland (near the Swiss/Italian border), when Sezione Operativa Territoriale di Chiasso in collaboration with officers of Italian customs/financial military police (Guardia di Finanza) detained two suspects (who appeared to be Japanese nationals in their 50s)[1] who had attempted to enter Switzerland with a suitcase in their possession with a false bottom containing what at first appeared to be U.S. Treasury Bonds worth $134.5 billion.[2][3][4] The two possessed 249 U.S. bonds worth $500 million each (among other securities, they also had 10 "Kennedy bonds" denominated at $1 billion each); and the large denominations of the securities, along with accompanying bank documentation was what attracted the Italian police's attention.[2] Large denominations are not available to the general public; only nation-states handle such amounts of money.
Contents
[hide]
* 1 Investigation and determination
* 2 Reactions and speculation
* 3 Similar Incidents
* 4 See also
* 5 Notes
* 6 External links
[edit] Investigation and determination
Assessment as to the authenticity of the bonds began immediately (counterfeiting of these securities was suspected). One source reported that the U.S. Securities and Exchange Commission had been requested to verify the authenticity of the bonds.[4] A spokesmen for the Bureau of Public Debt has commented on the matter.
On June 18, 2009 the Financial Times reported that the Italian police and the U.S. Secret Service had concluded that "the bills and accompanying bank documents were most probably counterfeit, the latest handiwork of the Italian Mafia."[5] Though this information has not been verified by Italian official sources. Mckayla Braden, senior adviser for public affairs at the Bureau of Public Debt at the U.S. Treasury Department also said that this type of counterfeit bond scam "has been going on for years." Although these bonds, if fake, appear to have of been very high in quality. Col. Rodolfo Mecarelli, the provincial commander of the financial police in Como, said that the bonds "are made of filigree paper of excellent quality."[1]
The Financial Times also reported that the two suspects "had been released" by Italian authorities. No additional comment or elaboration from the Guardia di Finanza headquarters in Rome was available. As well, Ed Donovan, a spokesman for the U.S. Secret Services has said that the “U.S. Secret Service, which polices counterfeiting of U.S. currency, is assisting Italian authorities in tracing the source of the fake bonds."[6]
Nonetheless, Japanese authorities also remained interested in the matter; Takeshi Akamatsu, a press secretary for the Japanese foreign ministry, confirmed that the two suspects were carrying Japanese passports and had been detained and questioned by the Guardia di Finanza (Italian financial/customs military police), but that Tokyo had not been informed of their names or whereabouts during or after their release.[7]
The motivation or likelihood of passing counterfeit bonds of these types and size is not known at this time.
[edit] Reactions and speculation
There has been very little in the way of official statements regarding this case, raising concerns about who made them,[5] dumping of U.S. debt[8] and Italian interests.[9]
Other questions include the identities of the Japanese men detained, the reason for their release, the origin of these high quality fake bonds, the U.S. Secret Service investigation, lack of Italian official acknowledgment of fakes and many other questions.[10]
Initial reactions to the story contemplated the possibility that the bonds were genuine; if the bonds had proven to be genuine, this case would have been regarded as the largest single act of smuggling (with respect to financial value) in recorded history.[3] The total value of the counterfeit bonds was estimated at approximately one percent of total U.S. GDP in 2008.[11] The pair would also have been considered the fourth largest creditor to the U.S., ahead of the United Kingdom and just behind Russia.[12] As well, according to Italian law failing to declaring currency above 10,000 euros can be punished by fines of 40%.
Since the confirmation by American officials that the bonds were counterfeit, some reactions have shifted to taking note of a general loss of confidence in international banking and finance (in general) and the U.S. dollar in particular—as noted by a recent downward trend in the U.S. Dollar Index (and the dollar reaching a new low for 2009 vs. other world currencies on July 28, 2009).[13] The Daily Telegraph commentator Edmund Conway noted that when U.S. Treasury Secretary Timothy Geithner traveled to China (in June 2009) and asserted in Beijing that Chinese financial assets denominated in the U.S. Dollar "are very safe," it drew laughter from the audience, even though laughter was not Geitner's intent.[12]
Conway also speculated that this incident may be a sign that "America is on the brink of losing its economic superpower status."[12]
[edit] Similar Incidents
On September 18, 2009, a similar incident was reported[14] by the Italian financial military police Guardia di Finanza, this time involving two (apparently) Philippine nationals smuggling U.S. Treasury bonds (valued at approximately $180 billion) at Malpensa Airport (the largest airport in Milan, Italy). The two were detained and the assessment of this case is on-going.[15]
On January 26, 2011, another similar incident was reported[16] by the Italian military police Carabinieri, this time involving six smuggling U.S. Treasury bonds (valued at approximately €20 billion and said to be counterfeit) at a highway rest stop. The six are under investigation for receiving stolen goods.
[edit] See also
* U.S. Dollar
* Smuggling
* Counterfeiting
* Securities fraud
* Financial crimes
* Organized crime in Italy
* U.S. Dollar Index (a general measure of global confidence in the U.S. Dollar)
* Currency crisis
real6
10-03-2011, 05:48 PM
Should We Be Alarmed That The Biggest Bond Fund In The World Has Dumped All Of Their U.S. Treasury Bonds?
Bill Gross, the manager of the biggest bond fund in the world, has forgotten more about bonds than most of us will ever learn. That is why the big move that PIMCO has just made is so unsettling. At one time PIMCO held more U.S. government debt than any other bond fund on the globe, but now news has come out that they have gotten rid of all their U.S. government-related securities. So should we be alarmed? For months Gross has been warning that the bull market in bonds is coming to an end, and now it looks like he is putting his words into action.s Gross has often publicly decried the rampant government spending that has been going on over the last several years, and apparently he has seen enough. He is taking his ball and he is going home. This really is a stunning move by PIMCO. Gross must really believe that something fundamental has shifted. Gross didn't get to where he is today by being stupid. But so far world financial markets are taking this news in stride. Nobody seems all that alarmed that the largest bond fund in the world has dumped all of their U.S. Treasuries. But with world financial markets in such a state of chaos right now, shouldn't we all take note when one of the biggest players in the game makes such a bold move?
Gross believes that interest rates on U.S. Treasuries are way too low right now and that they will start going up when the Federal Reserve ends the current round of quantitative easing in June. Gross has indicated that if interest rates on U.S. Treasuries go up high enough, PIMCO might get back in.
But if interest rates do start going up that is going to make servicing the monolithic U.S. national debt much more expensive, and that would not be good news for U.S. government finances.
But would the Federal Reserve really allow interest rates on U.S. Treasuries to go up substantially? Wouldn't they just step in at some point and start buying U.S. government debt again?
Probably.
But the truth is that the Ponzi Scheme of the U.S. Treasury issuing bonds and the Federal Reserve buying them up cannot last forever as Gross noted in his March newsletter....
"Basically, the recent game plan is as simple as the Ohio State Buckeyes’ “three yards and a cloud of dust” in the 1960s. When applied to the Treasury market it translates to this: The Treasury issues bonds and the Fed buys them. What could be simpler, and who’s to worry? This Sammy Scheme as I’ve described it in recent Outlooks is as foolproof as Ponzi and Madoff until… until… well, until it isn’t."
Gross also noted in his newsletter that the Federal Reserve is currently buying up about 70 percent of all new U.S. government debt.
So what is going to happen when that stops?
Nobody knows for certain, but it sure is going to be interesting to watch.
The market for U.S. Treasuries has not been working "normally" for quite some time now, and there is some legitimate doubt as to whether it will ever fully get back to "normal" again.
Meanwhile, the sovereign debt crisis in Europe continues to get even worse.
The yield on 10-year Portuguese bonds is now above 7 percent, the yield on 10-year Irish bonds is now above 9 percent and the yield on 10-year Greek bonds is now above 12 percent.
Most people expect European leaders to soon come to an agreement to add billions more to existing bailout funds, but there is no guarantee that is actually going to happen.
In fact, the Germans are making waves by insisting that the financially troubled nations in the EU must be willing to agree to limits on their future budget deficits. A recent article on CNBC described the situation this way....
Before the Germans will agree to pump in extra cash from their taxpayers, backed by the French, they want each leader to agree to legislation at home that will limit the size of their future national deficits. The Greeks are already refusing point blank. Things may boil to the surface at an extraordinary summit on Friday.
So what if an agreement can't be reached?
Could the dominoes in Europe start to fall?
Very few people actually want to see a wave of sovereign defaults in Europe, but the current situation cannot go on forever. At some point the Germans are going to get sick and tired of bailing out other members of the EU.
The global addiction to debt is about to start having some very serious consequences.
For decades, most of the governments of the industrialized world have been running up debt as if it would never come back to haunt them. Now the world is absolutely covered in red ink and everyone is looking for a way to solve the problem.
But there is not going to be a debt jubilee to come along and save everyone. This debt bubble is either going to keep expanding or it is going to burst.
At one point, at least some of the debt-ridden nations will try to inflate their way out of debt by recklessly printing money. To a certain extent that has already been going on. But it will not work. It will only cause a whole lot of inflation.
This is just more evidence that any economic system based on debt is destined to fall. When we allowed a private central bank to start issuing debt-based currency in this country back in 1913 we set ourselves up to fail. As I have written about previously, the Federal Reserve should never have been allowed to come into existence, and it should have been shut down by Congress long before now.
But now the United States is caught in the same debt trap that most of the other nations around the world are caught in. The global addiction to debt is going to have some very, very serious consequences. Instead of moving into a great time of peace and prosperity, everything is about to come falling apart.
Things could have been different. Things did not have to turn out this way. But here we are on the edge of one of the biggest financial disasters in human history and most Americans still don't understand what is happening.
So what do you all think about all of this? Please feel free to leave a comment with your opinion below....
zero1
27-06-2011, 10:05 PM
OK, it's Sorcha Faal, your mileage may vary on her credibility, but still it's worth posting -
From - World War Nears After Vatican-Knights Templar Talks Fail ()
World War Nears After Vatican-Knights Templar Talks Fail
June 5, 2011
A shocking report prepared by the Russian General Staff to President Medvedev is warning today that World War III is “all but inevitable” after the Knights Templar spurned an initial payment offer of over €22.5 million against their €100 billion claim for the return of their seized assets filed in Spain against Pope Benedict XVI in 2008.
At the outset of our reporting on this dire Russian General Staff report it is imperative that the reader understand that their knowledge of truthful history is woefully inadequate to incorporate the facts herein stated, but by following the links we’ve included should give one the ability to ascertain its veracity. On the other hand, should any reader fail to follow-up our report by their own independent verification, the catastrophic events now unfolding will certainly come as the greatest shock of their lives.
As a most basic of primers we suggest that the reader of this report first read our May 8th report “Knights Templar Prepare To Unite US-Iran For ‘Final’ World Battle” and our May 16th report “Obama Gives ‘Sacrifice’ To Ancient ‘Sun God’ Of Mound Builders”. Though not containing all of the information one would need to thoroughly understand this report, one should be able to grasp the larger issues involved for their further studies.
Now the titanic battle currently underway in this century’s long war between the Knights Templar and the Vatican began in August, 2008 when this secretive, but very powerful, religious order filed a suit in Spain against Pope Benedict XVI for the return of the assets seized from them in 1307 by Pope Clement V that included more than 9,000 properties as well as countless pastures, mills and other commercial ventures and estimated to be worth today over €100 billion .
The main basis of the Knights Templar suit against Pope Benedict XVI was information contained in what is called the Chinon Parchment discovered in the Vatican archives proving that Pope Clement V secretly absolved the last Grand Master Jacques de Molay and the rest of the leadership of the Knights Templar from charges brought against them by the Medieval Inquisition. [The parchment is dated Chinon, 1308 August 17 - 20th; the Vatican keeps an authentic copy with reference number Archivum Arcis Armarium D 218, the original having the number D 217]
Spearheading the Knights Templar suit against Pope Benedict XVI was their UNESCO recognized branch located in Switzerland named the Ordo Supremus Militaris Templi Hierosolymitani, though this Russian General Staff reports the American “factions” of this order was the main cause behind this unprecedented attack on the Vatican.
In early September, 2008, this report continues, the Vatican filed a counter-claim against the Knights Templar’s suit in Spain seeking its dismissal, which was denied and set off the current global economic crisis after the Knights Templar began a ‘wholesale’ withdrawal of billions, if not trillions, of their hidden assets from both American and European banks causing many of them to collapse.
By June, 2009, the collapse of the global banking system was nearing catastrophic proportions that even the might of the United States could not forestall and leading the new US President, Barack Obama, to ‘order’ the Vatican to the negotiating table with the Knights Templar that he would personally oversee during his July, 2009 meeting with Pope Benedict XVI.
Obama further ordered to the negotiating table between the Vatican and Knights Templar a “secured payment” against the religious orders claim against Pope Benedict XVI of $134 billion in US Treasury Bonds in a move he believed would quell the growing crisis.
Unfortunately for Obama, however, the $134 billion in US Treasury Bonds bound for the meeting between Pope Benedict XVI and the Knights Templar were seized on 15 June under orders from the Vatican by Italian police and prosecutors and the two Japanese Jesuit couriers carrying the 249 US Federal Reserve bonds, each worth $500 million, plus the ten Kennedy bonds with face values of $1 billion were arrested too.
This report says that Pope Benedict XVI used his “$134 billion leverage” over Obama to gain for Rome an additional seat on the US Supreme Court, which the Vatican was successful in maneuvering when shortly after Obama’s return to the US (August, 2009) he appointed Roman Catholic Sonia Sotomayor to the High Court thus assuring Rome’s control over all US laws. [Note: in the Protestant majority US, its Supreme Court contains 6 Roman Catholics (Roberts, Scalia, Thomas, Kennedy, Alito, Sotomayor) and 3 Jews (Ginsberg, Breyer, Kagan)]
Important to note is this report further stating that besides Rome’s control over all American laws trough its “ownership” of the Supreme Court, the “defacto” US President is, in fact, its Jesuit “trained and controlled” Vice President Joseph Biden whose orders come directly from the German Nazi trained Pope Benedict XVI. [Note: No single Roman Catholic official was more responsible the Pope Benedict XVI for the massive global cover-up of child molestation by the Church.]
Obama, however, this report continues, is not without his own allies as aside from Persian Iran; he is, also, supported by “certain elements” associated with the Knights Templar long-embedded within the US Military establishment along with many factions associated with former Soviet and present day Communists.
Using these “allies”, this report says, and after being betrayed by Pope Benedict XVI, Obama’s communist allies in Italy launched a “counter-attack” on the Vatican by having the assets of the Catholic Church’s Institute for Religious Works (IOR) seized and their top bankers put under investigation in September, 2010.
Important to note about the IOR (mistakenly referred to as The Vatican Bank) was it’s creation on 27 June 1942 by Pope Pius XII shortly after the 4-7 June 1942 Battle of Midway where American forces delivered a crushing blow against the Roman Catholic led Japanese Empire ensuring the defeat of the Axis Forces at the hands of the Capitalist West and Communist East and a blow to the Vatican’s centuries long goal of establishing their “Global Plutocracy”. [Note: The term plutocracy is generally used to describe these two distinct concepts: one of a historical nature and one of a modern political nature. The former indicates the political control of the state by an oligarchy of the wealthy. Examples of such plutocracies include the Roman Republic, some city-states in Ancient Greece, the civilization of Carthage, the Italian city-states/merchant republics of Venice, Florence, Genoa, and pre-WWII Empire of Japan zaibatsus.]
This past week, however, and after “strident pleas” from the European Union whose economies are all crashing, Obama and his allies relented and allowed the release of $33 million in seized IOR funds to be paid to the Knights Templar as a “goodwill gesture” while negotiations continue, but which, this report says, this religious order refused as “all trust” between these warring entities have “completely and irrevocably” been broken.
All that is left now, Russia’s top generals and strategists warn, is Total Global War on an “unimaginable scale” that can only be described in the most apocalyptic of terms envisioned by the Christian Bibles Book of Revelation end-time battle when the forces of Gog and Magog, along with their Arab state allies, attack Israel.
Even more grimly, Russia’s General Staff in this report further warns that the Motherland will “more than likely” have to, once again, come to the defense of the United States like she did in protecting America from its European enemies during the Civil War of 1861-1865. [Note: Unbeknownst to the vast majority of Americans, the alliance between President Abraham Lincoln and Russian Tsar Alexander II saved North America from French and British invasion on the side of the Confederates when the Motherland sent her vast fleet to protect them from the thousands of amassed troops assembled for a US invasion from Canada (British) and Mexico (France).]
To the only apparent hope left for America in this coming Global Conflict appears to lie in the 2012 Presidential contenders Mitt Romney and John Huntsman, both of whom are of the Mormon religion, and as we detailed in our January 2nd report “2012 ‘White Horse Prophecy’ Warned Is Coming True In America” remain the only power left in America to counter Rome and its allies seeking the destruction of the United States.
Interesting to note about the Mormon religions ties with the Knights Templar Order are the many legends that the “golden plates” discovered by their founder Joseph Smith Jr. and that began their religious order were, in fact, those discovered by the Knights Templar when they conquered Jerusalem.
Even more interesting to note about all of these events were their being predicted with the 1912 publication in the US of the ex-Roman Catholic priest Jeremiah Crowley’s book “Romanism: A Menace to the Nation” wherein he laid plain for all to see how the Vatican planned to destroy the United States and the Western world….by the year…2012. [Note: This link to Father Crowley’s book goes to the complete 714 page version digitalized by the University of Southern California.]
Most unfortunate in all of this report is how few American people even have the knowledge of their own past history to comprehend it and put it into context, leaving for them, instead, a future that is, and will remain, totally incomprehensible to them as they slide ever closer to the abyss.
© June 5, 2011 EU and US all rights reserved. Permission to use this report in its entirety is granted under the condition it is linked back to its original source at .
The bit in bold.
andyh
27-06-2011, 10:17 PM
OK, it's Sorcha Faal, your mileage may vary on her credibility, but still it's worth posting -
.
"His" credibility :)
And he has none, period :D
Back on topic though, does anyone know what the hell happened to the japanese guys with these supposedly fake bonds?
zero1
28-06-2011, 12:46 AM
"His" credibility :)
And he has none, period :D
Back on topic though, does anyone know what the hell happened to the japanese guys with these supposedly fake bonds?
"He", I figured. Thanks, andyh.
I've no idea what happened to the Japanese guys.
andyh
28-06-2011, 12:51 AM
"He", I figured. Thanks, andyh.
I've no idea what happened to the Japanese guys.
Its one of the most surprising and fascinating bits of news to quickly disappear from media attention I've ever known.
You would expect something like this to pulitzer stuff. But no....a couple of days later its as if they never existed.
The implications were quite staggering, if the bonds were real OR fake it was just as important either way.
Yet the guys just walk...nothing more is heard about it.
$134 BILLION dollars in bonds...I mean WTF!!??!?!?!
real6
15-09-2011, 01:02 AM
Back on topic though, does anyone know what the hell happened to the japanese guys with these supposedly fake bonds?
I'll get back on my grind and dig up some more on them if i can this week muhahahahaha.
real6
15-09-2011, 01:05 AM
;)
andyh
15-09-2011, 01:12 AM
The mystery continues :)
Cheers real6.
real6
15-09-2011, 01:14 AM
od=googlenews_wsj
Rising Italian Bond Yields Show Financing Challenge
ROME—Italy had to pay a steep interest rate to sell government debt on Tuesday, highlighting the growing challenge facing the country as it tries to finance itself in nervous markets amid the worsening euro-zone debt crisis.
The Italian Treasury had to offer investors 5.6% interest to sell €6.5 billion ($8.89 billion) of bonds maturing in five years' time. Italy's borrowing cost was well up from its last comparable auction, in July, when it paid under 5%.
"This is clearly not a sustainable cruising speed," said Luca Cazzulani, a fixed-income strategist at Unicredit in Milan, of Italy's rising borrowing costs.
Economists say such high interest costs won't undermine Italy's solvency quickly, since it still pays a relatively low average interest rate on its roughly €1.9 trillion of total debt. But if sustained, high borrowing costs will add to the country's difficulties in reducing its public debt, which at 119% of gross domestic product is twice the recommended level for European Union countries.
The spread of financial-market jitters to Italy, the euro zone's third-largest economy and for years its growth laggard, is the most serious threat so far to the euro zone's ability to stem the crisis. The country is too big for Europe's bailout funds to save, should the Rome government lose access to capital markets completely. Economists say such a "sudden stop" of funding for Italy isn't in the cards yet, but can't be ruled out if euro-zone governments fail to restore markets' confidence.
Global Finance
Merkel Quells Speculation on Greek Default
Comments Boost French Bank Stocks
Pain Mounts for Europe Banks
Italian Bond Auction Disappoints
Analysts: China Unlikely to Rescue Italy
European Bank Default Insurance Costs at Record
Lending to ECB Reaches New High
The Source: No Signs of China Bulls in Italy's Debt Market
The Source: China Is Not Going to Save the Euro
Heard on the Street: No Chinese White Knight for Europe
Investors are growing more reluctant to hold Italian government debt, despite efforts by the European Central Bank since August to prop up Italian bond prices through market intervention. The unpredictability of Italy's government, which has announced, withdrawn and modified various budget proposals in recent months amid political squabbling, has also hurt investors' confidence in Rome's finances. On Tuesday, the risk premium—the interest-rate differential between Italian debt and safe German debt—rose, for the first time under the euro, to more than four percentage points on bonds maturing in two years or more.
Yields on Italy's new five-year bonds fell to 5.3% in secondary-market trading on Tuesday, indicating that there was demand for the debt after the auction. The drop in yields—reflecting a rising bond price—was a sign that the ECB's bond buying is giving some confidence to investors who believe the euro will survive, according to one banker who was involved in arranging Tuesday's Italian debt auction.
The trend in Italian bond yields remains upward, however. If sustained, the recent rise in borrowing costs will add about €38 billion in annual interest costs to Italy's budget. Such a burden would make it harder for Italy to close its budget deficit and bring down its total debt, canceling out much of the effect of the government's latest fiscal austerity plan, which comprises nearly €60 billion in tax increases and spending cuts by 2013.
A few high-yielding auctions don't have much of an impact on Italy's overall finances, noted Unicredit's Mr. Cazzulani. But clouds are darkening as risk aversion grows along with intensifying doubts about Greece's ability to reduce its budget deficit, the condition of continued international aid for Athens. Fear that Greece could wind up defaulting chaotically on its debts is unsettling financial markets around Europe and beyond, making it harder for some other euro-zone governments to finance themselves at sustainable interest rates.
Investors are flooding into the safe arms of German bonds and European banks dialed back lending to their riskier peers, in a clear sign of fears of a destabilizing collapse in Greece. (Photo: AP.)
Spain is bracing for a sale of up to €4 billion in bonds Thursday, although Spanish yields are trading below Italy's across the curve. Italy's fate depends to a large extent on the ability of the rest of Europe to act as a backstop for the country's bond market. The ECB since early August has prevented a deeper sell-off of Italian debt by effectively setting a floor under the price of Italy's benchmark bonds, reassuring some investors who otherwise would have run for cover, analysts say.
But analysts doubt that the ECB can continue to buy enough bonds to prop up the Italian bond market, because the bank's bond-buying program is too controversial—especially with German central bankers. Last Friday's resignation of Jürgen Stark, the ECB's chief economist and the most senior German official at the bank, was a sign of the divisions inside the Frankfurt-based institution. Mr. Stark had argued strongly against bond purchases in August but was overruled by ECB President Jean-Claude Trichet and the majority of other ECB governing council members, according to people familiar with the matter.
The fact that Euro-zone banks trade at less than half the book value of their assets right now makes it feel like an awful time to consider buying European shares. Jack Hough makes the case for investing now on the Markets Hub. (Photo: AP.)
Germany's Bundesbank has also expressed strong reservations about the bond-buying program, which critics argue blurs the distinction between central banking and fiscal policy and threatens the ECB's independence from governments.
The ECB is pressing euro-zone governments to quickly enable their main bailout fund to take over its bond-buying activities, as European leaders agreed to do in July. However, national authorities are taking time to ratify this change. In the meantime, the ECB is accumulating a large exposure to the debts of struggling euro-zone economies.
The intergovernmental bailout fund will also have a limited lending capacity of €440 billion, much of it already been earmarked for aid to Greece, Ireland and Portugal. The ECB, in contrast, has virtually unlimited financial firepower through its control of the euro currency.
Holy Shitshow: Recordathon In French Bank, European CDS Following Atriocious Italian Bond Auction, Dexia Bail Out, Libor Explosion
Submitted by Tyler Durden on 09/12/2011 07:19 -0400
Bank of America Bank of America Belgium Bond British Bankers' Association CDS Credit Suisse Deutsche Bank European Central Bank France Italy LIBOR SocGen
As we speculated on Friday, Europe has opened, and it is ugly. In fact, Europe has never been closer to a bank and market holiday than it is right now. Why? Let's go down the list.
First, the French banks which are about to be downgraded any minute, have just seen their CDS surge to records:
BNP CDS +24 to 299 bps
SocGen CDS + 26 tp 416 bps, new all time record wide
Credit Agricole CDS + 25 to 315 bps, new all time record wide. Whoever followed our advice from last week and bought this latest jump congratulations.
And joining in the record party, are Belgium +25 at 307 bps; France +12 at 190; Italy +40 at 505; and Spain +44 at 445 bps. All new records
Next, Italy sold 91 Day and 1 Year bills, both of which came far worse than expected and this is despite the ECB buying this stuff up non stop.
Italy Sells 1-Year Bills to Yield 4.153% Vs 2.959% in August, Bid to Cover slides from 1.94 to 1.53
Italy Sells EU4 Bln of 3-Month Bills to Yield 1.907% Vs 1.034 last, Bid to Cover slides from 2.42 to 1.86
Lastly, Dexia, which we also discussed on Friday, was just implicitly bailed out. According to De Tijd:
The inner cabinet of the federal government Monday decided to Holding Communal jumping high urgently needed cash. The Dexia shareholder as his immediate obligations.
The federal government decided late last week the ailing Municipal Holding 1 / 1 by the lifeline to throw 39 percent of the holding company for Astrid 40 million to take over. Astrid is the communication of the Belgian security services.
Soon appeared a problem. Holding Communal Astrid had its shares already pledged to Dexia Bank in exchange for a loan of 48 million euros. Holding Communal, the largest shareholder of the Belgian group Dexia, with a stake of 14.1 proent.
Followed the weekend summit push, with a modified construction of the bus came. The inner cabinet bowed there Monday at 8 hours and carried on with the green light. Poured concrete, the federal government holding to 4.5 million immediately SFPI Monday, Holding Communal, in exchange for part of the Astrid shares. That gives the holding company breathing space and allows it to meet its immediate obligations.
Later Monday morning meeting and the Holding Communal FPIM on the deal.
SFPI would spend the rest of the amount (35.5 million) and Dexia Bank Belgium only pay the rest of the Astrid-shares, which it has pledged, releases.
The deposit is extremely urgent, the water is the dome of the municipal Dexia shareholders on the lips. Holding Communal is already in bad financial paper.
This is due to its strong dependence on the share price of the Dexia financial group. The holding company was in full support and financial crisis, Dexia borrowed before. As collateral for the loans they used Dexia shares. But now, their price has dropped sharply, the banks ask - - initially Fortis and ING - additional collateral.
The holding should that "margin calls" within ten days 19.5 million euros available. Otherwise there is a cessation of payments. The holding company has pledged it all, so the only option is to bring cash as collateral. This requires that 40 million euros, or write it already 1 / 1 of 4.5 million, serve.
Lastly, Libor, which we have been following very dilligently, has literally exploded, meaning the Interbank market in Europe is now effectively shut down. From Bloomberg:
Credit Ag submits higher rates for sixth consecutive session as USD 3-mo Libor rises to 0.343% from 0.338% Sept. 9, highest since August 2010, BBA data show.
BNP Paribas 0.36% vs 0.35%
Credit Ag 0.41% vs 0.4%
SocGen 0.3575% vs 0.3525%
Bank of Tokyo-Mitsubishi 0.36% vs 0.35%
Bank of America 0.32% vs 0.31%
Citi 0.305% vs 0.3%
Credit Suisse 0.395% vs 0.3750%
Deutsche Bank 0.3% vs 0.29%
HSBC 0.26% vs 0.25%
Norin Bank 0.38% vs 0.375%
RBC 0.3125% vs 0.3075%
Scotia 0.315% vs 0.31%
Sumitomo 0.37% vs 0.365%
UBS 0.361% vs 0.359%
And there still is 3.5 hour of trading in Europe. Next up: halt in trading in all Italian bank stocks for a start, slowly migrating to all banks across the continent.
Alittle older but i don't think those was ever posted in here. What's up with Italy and the bond scams???
Italian Police Arrest Three in Fake Bond Fraud Probe
see the following Bloomberg Notice:
Italian Police Arrest Three in Fake Bond Fraud Probe (Update2)
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By Sonia Sirletti and Elisa Martinuzzi
Nov. 23 (Bloomberg) -- Italy’s finance police arrested three people for allegedly using as much as 200 million euros ($299 million) of fake bonds to fraudulently make money from borrowers.
The authorities seized 138 of the fake securities, “ING Bank” bonds with a face value of 1 million euros apiece, according to a police statement today. Another 62 notes, with a face value of 62 million euros, are missing, Antonello Urgeghe, a financial police colonel based in the northern Italian city of Varese, said in an interview.
“We’re working with Interpol to recover the missing bonds,” Urgeghe said. “We don’t think they’re in Italy.” The bonds were bought from a criminal group based in Malaga, Spain, Urgeghe said, without providing details.
The three individuals used unauthorized Web-based companies Floris Bank Investment and Floris Bank Finance Ltd. to draw clients to their offices in Milan, Rome and Turin, the police said. Without knowing they were fraudulent, clients paid the intermediary a fee of 10 percent of the value of the bonds to borrow the securities, and then used them as collateral for funding from other banks, according to the police.
The scam is at least the third case in Italy involving fake bonds in the past five months. Police seized phony U.S. Treasury bonds with a face value of $116 billion in August and $134 billion of similar securities in June.
Calls to Floris Bank in London weren’t answered, while a number listed for the company in Lugano, Switzerland, isn’t in use. Floris Bank and Floris Finance are on the U.K. Financial Services Authority’s list of unauthorized Internet banks.
The illicit profits from the fraud were invested in Italian soccer teams and players, the police said.
To contact the reporters on this story: Elisa Martinuzzi in Milan at emartinuzzi@; Sonia Sirletti in Milan at ssirletti@
Last Updated: November 23, 2009
real6
15-09-2011, 01:15 AM
The mystery continues :)
Cheers real6.
Thanks Andy. Hope all is well. The thread just popped in my mind. Looking around online to see if it's been happening again as of late.
Cheers :)
andyh
15-09-2011, 01:18 AM
The scam is at least the third case in Italy involving fake bonds in the past five months. Police seized phony U.S. Treasury bonds with a face value of $116 billion in August and $134 billion of similar securities in June.
WTF!? Third?!
real6
15-09-2011, 01:29 AM
WTF!? Third?!
Yeah, I'm telling you man. This goes back deep into this thread. I really think the bonds where real. But then again, who knows. One of the men involved 'Tuneo Yamauchi', His brother in Law, Toshiro Muto, was Deputy Governor of the Bank of Japan at the time of the incident.
'The Federal Reserve has a vested interest in helping the Bank of Japan get the Securities back to avoid paying the Italian fine. The Fed in fact is having a hard time trying to sell its bills on various markets and the Japanese are its main buyers.'
Who are the major players behind this fiasco? Is this perhaps a small piece to a bigger puzzle? Is there a cover up of some sort going on and if so, who are in on it? Why did this story take so long to break? Why has most of the news media ignored this story? The facts of the case may never be known.
andyh
15-09-2011, 01:31 AM
Yeah, I'm telling you man. This goes back deep into this thread. I really think the bonds where real. One of the men involved 'Tuneo Yamauchi', His brother in Law, Toshiro Muto, was Deputy Governor of the Bank of Japan at the time of the incident.
'The Federal Reserve has a vested interest in helping the Bank of Japan get the Securities back to avoid paying the Italian fine. The Fed in fact is having a hard time trying to sell its bills on various markets and the Japanese are its main buyers.'
Who are the major players behind this fiasco? Is this perhaps a small piece to a bigger puzzle? Is there a cover up of some sort going on and if so, who are in on it? Why did this story take so long to break? Why has most of the news media ignored this story? The facts of the case may never be known.
I'm sat here shaking my head at the sheer incredulity of it all.
The power of the media in its deafening silence can be just as frightening..if not MORE so than when its blabbering its head off.
real6
15-09-2011, 01:35 AM
I'm sat here shaking my head at the sheer incredulity of it all.
The power of the media in its deafening silence can be just as frightening..if not MORE so than when its blabbering its head off.
This is still one of those 'most important threads'. Everything ties together. Bonds, TARP, Gold, Securities, Etc, Etc,
Italian, Spanish Bond Yields Head North, Greek, Irish Bond at New Record Highs
Posted on July 15th, 2011 in Economy | Comments Off
It will be interesting to see how long it takes for Italian government debt yields to take out the spike high right before Trichet interfered in the Italian bond market. On the interference, yields tumbled across the board, but Greek and Italian bond yields have already made new highs. Greece 2-Year Government Bonds Ireland 10-Year Government Bonds Italy 10-Year Government Bonds Spain 10-Year Government Bonds The Bloomberg charts are inaccurate but the current yield information is …
Italian bond sale gets weak response: report
Published 3:08 AM, 14 Sep 2011 Last update 3:08 AM, 14 Sep 2011
QUICK SUMMARY | FULL STORY | SOVEREIGN DEBT | ECONOMY
Italy's latest bond auction saw the country's borrowing costs rise and investor interest weaken as Europe's debt crisis shows further signs of scaring investors away from the region, according to a report by Bloomberg.
Italy's Treasury sold €3.9 billion ($A4.42 billion) of a new benchmark five-year bond to yield 5.6 per cent, which was up from the 4.93 per cent from the last sale on July 14.
Also, demand fell to 1.28 times the amount offered, which was down from 1.93 times at the July 14 sale.
Officials hoped to sell up to €7 billion worth of bonds, but fell short between the €3.9 billion of five-year bonds and €2.6 billion in bonds maturing in 2018 and 2020.
Investors have fled from Italian debt as European leaders grapple over how to manage the region's debt crisis.
Yesterday it emerged that Italian officials were in talks with the China Investment Corp to discuss Chinese investments in Italy, both in debt sales and investments in key Italian companies, according to Bloomberg and other media reports.
real6
15-09-2011, 01:39 AM
Something big is going down...
Italy Pressured After Weak Demand at Bond Sale
Italy sold nearly 8 billion euros of government bonds on Tuesday in a keenly awaited auction that, despite recent ECB support, met relatively weak demand and threatened to re-ignite market pressure on the highly indebted country.
Getty Images
Lower-than-expected demand at the auction — seen as a key test of emergency steps taken to control the euro zone debt crisis — pushed Italian bond yields higher and sparked a rally in safe-haven German debt.
The rise in yields, which nonetheless stayed well below levels hit before the European Central Bank began buying Italian debt three weeks ago, raised questions about the sustainability of Rome's funding efforts and threw the focus on to a Spanish bond auction on Thursday.
Traders said the ECB stepped in after the auction to buy significant amounts of 10-year Italian debt, halting the rise.
"The results look a bit worse than the market was expecting, with the 10-year looking weak with a rather small bid cover ratio," said Credit Agricole rate strategist Peter Chatwell. "The market is likely to lose a bit of confidence from this auction until 10-year Italy stabilizes, which is in the ECB's hands."
The launch of a new 10-year benchmark bond drew bids worth 1.27 times the 3.75 billion euros sold, below the year's average bid-cover ratio on equivalent auctions of 1.4.
The ECB began buying Italian debt on the secondary market earlier this month in an unprecedented step to counter rising yields caused by investor concerns over the country's high debt levels and stuttering fiscal reforms.
The intervention brought benchmark 10-year yields down from levels well above 6 percent, seen as unsustainable, to around 5 percent. The current 10-year benchmark yielded around 5.14 percent in the cash market, up around 5 bps on the day.
The new 10-year bond sold at a yield of 5.22 percent, broadly in line with grey market prices ahead of the sale. That yield compared to 5.77 percent at an auction of the previous 10-year bond in July, before the ECB's intervention.
The auction will do little to alleviate the market's central fear that Italy, seen as too big to be bailed out, will not be able to issue bonds at an affordable level to finance its huge 1.9 trillion euro debt burden.
Italy must still sell up to 90 billion euros in bonds this year and ECB purchases have been steadily decreasing.
"The ECB support was clearly crucial. Without the ECB intervention a couple of weeks ago yields would not be trading at this 5 percent level so it might have easily been a full percentage point more," said Michael Leister, strategist at WestLB in London.
"The fact that yields remained relatively stable last Friday and more importantly this morning shows indeed that the ECB was successful in stabilizing them but the big question is what happens going further."
The ECB has bought around 43 billion euros worth of debt since it reactivated its bond buying program earlier this month, with market participants saying ECB buying has focused on Italy.
Raising the Stakes
A lasting resolution to the euro zone's debt crisis, which has so far claimed Greece, Ireland and Portugal, remains vital to easing pressure on Italy and Spain but is proving elusive.
Protracted wrangling over a deal announced last month to rescue Greece and expand the bloc's crisis-fighting toolkit threatens to undermine policymakers' efforts to date and keeps the pressure on the region's peripheral states.
"If there is concern that Greece is not going to be properly helped out...
then Italy is clearly going to be in trouble as market are just going to say the euro zone is clearly non-functioning," said Monument strategist Marc Ostwald.
The nervousness in markets raises the pressure on Thursday's debt auction by fellow struggler Spain, which plans to launch a new 5-year benchmark with a 4 billion euro sale and whose bonds the ECB has also been buying.
China Rescues the World* Again, Italian Bond Edition
News reports that Italy is in talks with China to buy some Italian sovereign debt have completely turned around the stock market. The Dow has regained about 100 points in a very short period of time and is now down only about 50.
Pop quiz. This is a clear demonstration of:
1. How much of a grip Europe has on our imagination right now
2. How little good news it takes to flip everybody’s risk coaster right back to green
3. How headline-reading robots have completely replaced thinking humans in the market
4. How short our memories are — after all, the ECB has been buying Italian debt for weeks now, without actually solving anything. Will China buying the debt be that much of a help?
5. All of the above
6. None of the above
Update: Here are some details, from the FT by way of Bloomberg, of the talks:
The Italian government is making approaches to China with the aim of selling the cash-rich Asian country “significant” quantities of Italian bonds and investments in strategic companies, FT reports.
* China Investment Corp. Chairman Lou Jiwei was in Rome last week for discussions with Italian Finance Minister Giulio Tremonti and Italy’s Cassa Depositi e Prestiti, a government entity that has established an Italian Strategic Fund open to foreign investors, FT says, citing unidentified Italian officials
* Italian officials met China Investment Corp. and the country’s State Administration of Foreign Exchange, which manages most of China’s $3,200 trillion foreign exchange reserves, in Beijing two weeks ago, FT says
* Italy’s Head of Treasury, Vittorio Grilli, met Chinese investors in the Chinese capital in August, FT reports
* Further negotiations are likely to take place soon, FT says, citing unidentified Italian officials.
Update 2: The bounce was fairly short-lived. The Dow is now back down about 123 points, giving back most of its recovery. Joe Weisenthal points out that China announced it was buying Greek bonds nearly a year ago, to no avail.
Update 3: Reuters has a story, quoting an actual named Italian official, who says Asian investors aren’t interested in buying Italian bonds because the ECB’s not buying them. (h/t Zero Hedge). Guess which story the stock market is running with? You guessed it: The anonymous story that’s more positive (and comes a day ahead of an Italian bond auction).
Italian government 'in bond buying talks with China'
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Italy's ruling coalition has struggled to implement austerity measures to calm the marketsContinue reading the main story
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China's largest sovereign wealth fund is considering buying Italian assets, according to reports in the Financial Times and the Wall Street Journal.
China Investment Corporation (CIC) and Italian officials have held meetings in the last month, the reports said.
CIC is wholly owned by the Chinese government and has an estimated $400bn (£250bn) in assets.
The news comes at a time when the cost of borrowing for the Italian government has reached record highs.
"When you introduce a large buyer like China, it brings down the interest rate," Mark Young of Fitch Ratings told the BBC.
"They can then fund their economic growth more easily," he added.
Strategic stakes?
The FT reported that Lou Jiwei, the chairman of China Investment Corporation, had met Italian finance minister Giulio Tremonti and other officials in Rome last week.
It added that Italian officials had visited Beijing the week before, and negotiations had also taken place in August.
Continue reading the main story
“
Start Quote
It is a natural consequence of creditor and debtor nations, one supporting the other”
Mark Young
Fitch Ratings
As well as buying bonds, the FT said the talks also covered investments in "strategic" Italian companies.
According to the newspaper, Italian officials said further negotiations were expected to take place soon.
The impact of the news on market sentiment could come as early as Tuesday when Italy issues up to 7bn euros of longer-term debt, including a new five-year bond.
Italy's previous long-term sale at the end of August attracted poor demand for a new 10-year bond.
Wu Xiaoling, a former deputy governor of the People's Bank of China and now a senior government official, said on Tuesday that Beijing was ready to work with Europe to boost market confidence.
"We will continue to support Europe's measures in maintaining a stable euro," he told the Reuters news agency.
News that China is looking at Italian assets caused US stocks to rebound in late afternoon trading on Monday, cutting their earlier losses.
However, on Tuesday Asian markets had a mixed opening because many analysts questioned whether a purchase of Italian assets by China would do anything to resolve Europe's debt problems.
They said there was still a danger the crisis would spread, not least because Greece was still at risk of defaulting on its debt holdings.
"Europe is not just lurching from one crisis to another. It is lurching into a new one before the previous one is solved," said Makoto Noji of SMBC Nikko Securities.
Creditor vs debtor
Italy has a national debt of 120% of gross domestic product (GDP) and accounts for 23% of all eurozone sovereign debt.
According to the International Monetary Fund, it will need to raise funds equalling as much as 20% of its GDP in 2012 to refinance its debt.
On the other hand, China has been sitting on huge piles of cash, with foreign exchange reserves in excess of $3tn.
Analysts said given its deep pockets, it was no surprise that countries were seeking China's help.
"It is a natural consequence of creditor and debtor nations, one supporting the other," Fitch ratings' Mr Young said.
Japan’s Italian bond holdings could pressure euro
Spread of debt crisis to Italy is a top concern, strategist says
TOKYO (MarketWatch) — The euro could face downside risks against the yen because of Japanese investors’ large holdings of Italian sovereign bonds, a Tokyo strategist said Monday.
“Contagion of the European debt crisis to Italy is one of the top concerns on every global investor’s mind. The Japanese are no exception, and especially so for investment trust fund managers since they hold a relatively large amount of exposure to Italy,” Tohru Sasaki, head of Japan rates and foreign-exchange research at J. P. Morgan Chase in Tokyo, said in a note to clients Monday.
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Last week, the yield on Italy’s sovereign 10-year debt rose to 2.13 percentage points more than comparable German bunds — a record widening since the euro began trading in January 1999. Yields rise when debt prices fall. See real-time currency rates and tools.
Japanese investment trusts hold 689.9 billion yen ($8.5 billion) equivalent of Italian bonds — much more than their ¥469.4 billion’s worth of bund holdings or their ¥389.8 billion of France’s Obligation assimilable du Tresor bonds (OATs), Sasaki said.
If the sovereign debt crisis were to spread to Italy, Japanese investment trust fund managers may need to sell Italian bonds which would add to downward pressure on the euro against the yen, Sasaki said.
“Japanese investment trusts have not shifted their investment from peripheral countries to core countries,” he said. “They have simply reduced their exposure to Greece, Portugal and Spain, but have not increased holdings of bunds or OATs.”
Last Thursday, Moody’s Investors Service placed the long-term debt and deposit ratings of 16 Italian banks and the long-term issuer ratings of two Italian government-related financial institutions on review for possible downgrade. That followed its June 17 move to place Italy’s Aa2 sovereign bond rating on review for possible downgrade.
Moody’s also changed its outlook to negative from stable on the long-term debt and deposit ratings of 13 more Italian banks last week, to “reflect the longer-term rating pressure stemming from a potential reassessment of the systemic support assumptions” that the rating agency uses.
To be sure, Sasaki added, any downgrade of Italy’s sovereign rating might not trigger a massive exodus from Italian bonds.
While Japanese investment trusts indicate that they hold securities with ratings of AA or better, “in reality this criteria is not implemented very strictly,” he said. “Fund managers are not required to sell the securities even if they are downgraded to A.”
But the bottom line, Sasaki said, is that if the situation in Italy deteriorates and the spread against bunds continues to widen, downside risks to the euro against the yen are “likely to heighten.”
On Monday, the euro EURJPY +0.04% was buying ¥114.40, up 0.4%. Read more on euro.
real6
15-09-2011, 01:48 AM
Bond Fraud
Bond Fraud Related Information:
Yet another area of investments, where fraud has become rampant is Investment Bonds. As though securities fraud, stock fraud, and mutual fund fraud were not enough to contend with, now investors have to also deal with different types of Bond Fraud.
Bonds have always been a kind of investment that has known to be safe and secure, and which gives you your capital and interest on maturity, albeit not very high rates of dividends. But now, bonds no longer remain safe, because of bond fraud.
Types of Bond Fraud
1) Broker Related Bond Fraud: With more and more people opting to invest in stock, bonds fast became a neglected investment instrument. But as the regulations for trading in stock and mutual funds were being changed, and because it became difficult to commit fraud in those investment areas, brokers once again turned to bonds as a means to increase their income. They started pushing bonds to their clients, saying that a portfolio needs some ‘safe’ and ‘secure’ investments as well. The bonds are also touted as high yield bonds, which would eventually yield high profits.
But what the broker fails to mention to the clients is that the bond is not totally secure and could end up losing money and decreasing in value if interest rates go up. The brokers also typically fail to disclose to their clients that the bonds have been marked up by the sellers, so as to pay commission and fees to the brokers, which is why they are pushing the bonds, and not because they have the clients interest at heart.
2) Historical Bond Fraud: Historical bonds are bonds that were at some time issued by various American bodies, but in today’s times have no real value, except as memorabilia or collector’s items. These historical bonds are being used by many fraudsters to commit fraud and cheat investors out of their hard earned money. Conmen use the following deceptions and lies to ‘sell’ these worthless bonds to investors.
Investors are told that the historical bonds have the backing of the US Treasury Department, which is not true at all. Most historical bonds have the words ‘United States of America’ printed on them, which is why investors seem to believe that they have something to do with the US Treasury Department. What they don’t know is that the words just indicate that the bonds are issued by an entity in the US, and not by any government body.
The bonds will be paid back in gold, is another lie that works very well to sell these bonds. While that was true at some time (prior to 1977) it is not so anymore. And since historical bonds are not payable at all, there is no question of payback in gold or any other manner.
Investors are often told that some of the money from the sale of the bonds is used to help some poor nations and people by the World Bank or the UN. Such lies often make these bonds more believable and people also think they are doing their share of good by investing in these bonds.
Investors are also told by the conmen that the bonds can be used in some trading programs and can be traded as high yielding securities and debentures, and that such programs are sanctioned by leading banks in the world, national as well as overseas. It goes without saying that all the above claims are false and are used to commit historical bond fraud.
If you have been the victim of any bond fraud, you may have an arbitration claim and could recover some or all of your investment losses. Consult an attorney, who is an expert in fraud lawsuits, to know more about legal avenues available in bond fraud cases.
The signatures for a new Italy have already been collected. ... explaining to our people how the bond scam can end like it happened in Iceland.
To avoid the economic catastrophe and to start off again, three things have to be done: change the election law, a government of public health for the time needed to let the tempest pass and new elections. A new election law is already available, it has been there for 4 years, it’s "Parlamento Pulito" {Clean Up Parliament}, the popular initiative proposal that sets out the direct election of candidates, a maximum of two mandates, and no one who has been definitively convicted eligible for election. It has to be discussed as soon as possible in the Senate and then in the Lower House. No Party has rushed forward to put it on the agenda. Schifani has disappeared. Napolitano is asleep. In recent days we have witnessed the umpteenth clown-show for the dumb people. On 11 July a few parliamentarians of the PD, IDV, and Sel have laid before the Court of Cassation the referendum proposal to abolish the current election law. Now they will set up summer stalls to collect at least 500,000 signatures. It will be a carnival-type triumph of an Opposition whose members have all been “appointed” (without anyone having to lift a finger) in the last two elections: in 2006 and 2008. Realpolitik for the simpletons in order to keep their armchairs.
The signatures for a new Italy have already been collected. There are 350,000. They have been lying there for nearly five years, solely the responsibility of the parties, in the cellars of the Senate. They should be discussed now, not after the holidays. For most Italians, the holidays are by now just a mirage, while the parliamentarians have a month of rest and close down parliament until September. Meanwhile the country goes up in flames in the Stock Exchanges of the whole world. But are they not ashamed? Something has to be done. We owe it to ourselves. When the parliamentarians come back to Parliament in their Bermuda shorts, on Saturday 10 September 2011, I will be in front of Parliament to ask for the “Clean Up Parliament” law to be discussed immediately in a public session and as the first person to sign, I have the duty and the obligation to explain it. I will stay in front of Montecitorio for as long as it takes. I expect to be joined by the 350,000 Italians who signed on 8 September 2007 to restore democracy to the whole country.
The second Republic is dead and the Italians do not want to perish tied to its cadaver. Crikey, give me a sign of participation. Don’t let me bludgeon away on my own. They will never give up (but is it in their interests?). Neither will we.
ITALIAN BOND YIELDS SURGE AS EUROPEAN CRISIS DEEPENS
5 SEPTEMBER 2011 BY CULLEN ROCHE 38 COMMENTS
U.S. markets might be closed for the holiday weekend, but Europe surely isn’t on vacation. Italian bond yields are blowing out again and equity markets are getting crushed on this Monday. Germany’s Dax traded down -5.3%, France’s CAC was down -4.7% and the FTSE is off -3.6%.
The story of the day is certainly the Italian bond market where vigilantes are once again hard to work. European leaders remain woefully behind the curve and credit markets are once again in turmoil as a sustainable solution remains out of sight. The latest fears are being stoked by the loss of a weekend election for Angela Merkel’s party in Germany. The wave of anti-bailout fever in Germany is growing stronger. Germany has already stated that they won’t bailout Italy and this almost certainly appears to be the endgame. An Italian default would be almost unfathomable.
ECB says will "actively implement" bond-buying
FRANKFURT (Reuters) - The European Central Bank said on Sunday it would "actively implement" its controversial bond-buying programme to fight the euro zone's debt crisis, signaling it will buy Spanish and Italian government bonds to halt financial market contagion.
After a rare Sunday night conference call, the ECB welcomed announcements by Italy and Spain of new deficit cutting measures and economic reforms as well as a Franco-German pledge that the euro zone's rescue fund will take responsibility for bond-buying once it is operational, probably in October.
"It is on the basis of the above assessments that the ECB will actively implement its Securities Markets Programme," an ECB statement said.
The statement marked a watershed in the ECB's fire-fighting efforts after modest bond-buying last week failed to stem contagion to the currency bloc's larger economies.
It did not explicitly say that effort would now include buying Spanish and Italian paper, but the fact that last week's purchases were confined to Irish and Portuguese paper drove Italian and Spanish 10-year paper to a 14-year high.
Last Friday's downgrading of the United States' AAA credit rating by Standard & Poor's added urgency to efforts to control euro zone turmoil by raising the risk of global financial meltdown, driving global policymakers into a frenzy of weekend telephone consultations.
"The Euro system will intervene very significantly on markets and respond in a significant and cohesive way," a euro zone monetary source said, speaking shortly before the statement was released.
Germany and France earlier said in a joint statement that the EFSF bailout fund would soon be able to buy government bonds of debt strugglers Italy, Spain, Greece, Portugal and Ireland.
ECB President Jean-Claude Trichet called the Sunday meeting of the policy-setting Governing Council to decide on buying Italian paper after Prime Minister Silvio Berlusconi announced new measures on Friday to speed up deficit reduction and hasten economic reform.
One ECB source said the council would also discuss possible emergency liquidity measures to prevent money markets freezing.
Finance ministers and central bankers of the Group of Seven major industrialized powers were due to hold a teleconference late on Sunday to discuss action to calm market turmoil over the twin euro zone and U.S. debt crises.
FRANCO-GERMAN STATEMENT
German Chancellor Angela Merkel and French President Nicolas Sarkozy said they were committed to getting approval from their parliaments for new powers for the European Financial Stability Facility rescue fund by the end of September.
That will allow the EFSF to buy government bonds in the secondary market if the ECB thinks it is warranted and if euro zone member states agree, potentially absolving the ECB of the need to do so, a policy that a powerful minority of its council members strongly oppose.
"France and Germany are confident that the ECB analysis will provide the appropriate basis for secondary market interventions as it will help determine the case when financial stability of the euro zone as a whole is at risk," the leaders said.
Their statement reiterated the agreement at last month's emergency euro zone summit which granted a second bailout to Greece, but the focus on the EFSF's ability to buy government bonds once the bloc's parliaments have ratified its new powers was meant to encourage the ECB to do the same in the interim.
The ECB was divided last Thursday on the bond-buying programme, with four German, Dutch and Luxembourg members of the 23-member council voting against any resumption of purchases, arguing that it went beyond the bank's domain of monetary policy.
The ECB statement sought to justify the buying by saying it was "designed to help restoring a better transmission of our monetary policy decisions taking account of dysfunctional market segments and therefore to ensure price stability in the euro area."
G7 TO CONFER
The ECB bought 76 billion euros in Greek, Irish and Portuguese bonds mostly last year but purchases tailed off in January and there had been none at all for more than four months.
Critics say the intervention brought only temporary relief on bond markets and did not save any of those countries from having to seek EU/IMF bailouts. Stabilizing Italian and Spanish bond prices would require far more massive purchases, they say.
RBS analysts said in an initial reaction that while ECB intervention might half current Italian and Spanish bond spreads over benchmark German bunds from nearly 400 basis points to below 200 bps, that benefit may be short-lived.
"Without guarantees that the ECB will be in the market for the long term, an initial decline in yields will look like an opportunity to exit at much better prices," an RBS note said.
"We see spreads below 200 bps to Bunds for Spain and Italy as a selling opportunity. Indeed, these markets still face key challenges.
"Over time, we believe that ongoing selling pressure will force the ECB/EFSF to eventually hold close to half of the traded Italian and Spanish debt or around 850 billion euros," they said.
Such a huge European holding of southern countries' debt could heighten a political backlash against bailouts in northern Europe.
The ECB initially held back from buying Italian and Spanish bonds last week seeking more front-loaded austerity measures.
Under pressure from EU peers and the central bank, Berlusconi announced late on Friday plans to bring forward balancing the budget by one year to 2013, enshrine a balanced budget rule in the constitution and push through welfare and labor market reforms after talks with trade unions and employers.
Merkel and Sarkozy welcomed the new Italian plan.
"Especially the Italian authorities' goal to achieve a balanced budget a year earlier than previously envisaged is of fundamental importance," they said.
However, details of Italy's austerity drive are thin, leaving many analysts -- and maybe some in the ECB -- skeptical.
After a week that saw $2.5 trillion wiped off global stock markets, political leaders are under pressure to reassure investors that Western governments have both the will and ability to reduce their huge and growing public debt loads.
That had raised pressure on the ECB to act to calm bond markets until the euro zone's 440-billion-euro rescue fund is empowered to intervene on secondary bond markets and give countries in difficulty precautionary credit lines.
It has also prompted widespread calls from economists and market analysts for the euro zone to at least double the size of the European Financial Stability Facility -- a move that EU paymaster Germany and its close ally France has rejected as unnecessary.
German nerves fray as bond yields jump
Huge German investments in Italy and Spain are teetering on the brink of worthlessness. Can the EU save the day?
German chancellor Angela Merkel will discuss Italian and Spanish bonds with EU leaders. Photograph: Frank Augstein/AP
Panicky Germans look at the US and the UK and turn fearfully to their leaders with a message that says "avoid following these Anglo-Saxon risk-takers at all costs". Careful planning and diligent working practices are the route to long-term sustainable prosperity, not betting on stock markets or speculating on property for a big payday.
It's a stereotype, but one that accurately encapsulates the suburban over-50s worker who has corralled wealth and assets beyond the dreams of their mothers and fathers. The problem for the Germans is that much of their wealth is intangible and can suddenly be worth a fraction of its former value. Huge investments in Italy and Spain are now teetering on the brink of worthlessness. Spanish and Italian bond yields, which measure the risk attached to a country's debt, jumped again on Monday.
German living standards are not based on stock markets or property values, but on bonds issued by countries that in many cases followed the Anglo-Saxon model and based their wealth on stock markets or property – or in the case of Greece, funding from Brussels. Bonds are loans with an agreed lifespan that are bought on open markets.
German banks lent money to the Greeks by buying the country's bonds. While a private sector refusal to buy Greek bonds is manageable, an effective private sector ban on buying Spanish and Italian bonds to match the ban on Ireland and Portugal is a huge problem.
Germans and their banks have bought these bonds by the bucketful. Similarly, they were one of the biggest buyers of sub-prime mortgage debt in the US. If the value of bonds goes down because no one wants to buy, the bedrock of German wealth, which is wrapped up in sovereign and corporate bonds, also slides downwards.
Where the Germans are right to worry is the tendency for Anglo-Saxon markets to panic and overreact. So it is probably true that our banking sector was in better shape than was reflected in financial sector share prices after the Lehman's shock. Likewise, the collapse in house prices across the US is worse than the standard demand-and-supply pressures would normally dictate.
Yet this overreaction should be a warning. On Thursday the EU, led by the German government, has the opportunity to recognise the loss in value and nationalise those losses. If it refuses to recognise the losses, it risks becoming a laughing stock. If it recognises the losses but asks the private sector to play its part, it risks panic and an even bigger loss of value than has already been priced into markets.
Only by stepping in and issuing cheques to the value of the outstanding debts of the worst affected nations, estimated at €2tn, can the day be saved.
real6
15-09-2011, 01:57 AM
The mystery continues :)
Cheers real6.
It happened in 1985 also :eek:
Billions Of Federal Reserve Note Series 1934 Bonds & Japan Series 57 Bonds Case In U.S. Seizure ( 1985 )
by, Unwanted Publicity Intelligence - Staff Writer
October 18, 2010 08:58:22 Updated ( Original: October 7, 2010 3:22:06 )
Washington D.C. - October 7, 2010 - A former U.S. federal criminal case ( immediately below ) is believed to have contained elements surrounding the July 1, 2009 $135 billion dollar Chiasso, Italy seizure that also involved, amongst U.S. Federal Reserve Bank interest bearing coupn bonds, Japan government Series 57 bonds, Japan Ministry Of Finance, Japan Prime Minister, U.S. brokerage / trading houses ( in this case, SHEARSON LEHMAN, SMITH BARNEY, E.F. HUTTON ), the CIA ( in this case the CIA Special Counsel ), Koreans, and what surrounded 'secret Funds', i.e. "Marquat Fund" ( also known as ) "M-FUND" versus the Black Dragon Society (aka) White Dragon Society "Dragon Fund" ), where the the latter Fund may have - at some point - been confused with the HONGKONG SHANGHAI BANKING CORPORATION ( HSBC ) "Dragon Fund" investment trading, nevertheless what was amazing about the early U.S. federal criminal case ( official apellate case text below ) was that it involved criminally prosecuting a former United States Assistant Attorney General ( Norbert A. Schlei ) who got caught-up with the U.S. Central Intelligence Agency ( CIA ), U.S. Central Intelligence Group ( CIG ), U.S. Office Of Strategic Services ( OSS ), U.S. Secret Service and more in a case involving international high-value bank paper instruments.
[ NOTE: To enlarge image document ( on right side ), begin "Slideshow," click here: ]
The "Background" and "Source Of Instruments" ( below ) from this particular former case may shock many to see how 'not just any common treasure hunter' became so seriously involved with these high-value international financial instrument bank paper document ( i.e. bonds, checks, notes and certificates ) schemes.
====
UNITED STATES COURT OF APPEALS
Eleventh Circuit
CASE NO.: 95-3004
UNITED STATES OF AMERICA,
Plaintiff-Appellee,
v.
NORBERT SCHLEI, B.J. BRAVENDER AH LOO,
Defendants-Appellants.
September 18, 1997
Appeal from the United States District Court for the Middle District of Florida CASE NO.: 92 49 CR T 17C, Elizabeth A. Kovachevich, Judge.
Before: BLACK, Circuit Judge, and FAY and ALARCÓN [ * ], Senior Circuit Judges.
ALARCÓN, Senior Circuit Judge:
Barbara Jean Bravender Ah Loo ( " Ah Loo " ) and Norbert Schlei have appealed from the judgments of conviction.
[1] Schlei also seeks review of the district court's sentencing decision. Schlei was convicted of conspiracy and securities fraud. Schlei seeks reversal on numerous grounds, each of which we address below.
We vacate the order denying Schlei a new trial and an evidentiary hearing with directions that the district court make express findings regarding the alleged witness intimidation claim.
We vacate the judgment of conviction on Count Ten because we conclude that the district court erred in denying Schlei's motion to strike duplicitous allegations regarding a separate crime in a different venue.
We Affirm the District Court Order on the balance of Schlei's contentions.
The transactions, that preceded the indictment in this case, are unusual - if not bizarre.
Most of the evidence was undisputed.
The prosecution presented evidence that Schlei and others attempted to sell certain financial instruments in the United States.
Schlei and his sales persons represented these financial instruments had been issued by the government of Japan or the DAI-ICHI KANGYO BANK CO. LTD.
The instruments were labeled "Certificates of Balance of Redemption, Series 57" ( the "Bond Certificates " ) [ Series 57 Japan government bond ] with face amounts ranging from 10,000,000,000 billion yen to 500,000,000,000 billion yen, and Cashier's Checks - allegedly issued by the DAI-ICHI KANGYO BANK ( the " Bank Notes " ) [ Cashier’s Cheques ] - each drawn for 50,000,000,000 billion yen.
The bond certificates were purportedly issued by the government of Japan in exchange for money or property received from the bond certificate holders or payees.
The prosecution ‘theory’ at trial was that Schlei had actual knowledge or deliberately closed his eyes to the fact that these financial instruments were worthless because, they were not issued by the government of Japan or the DAI-ICHI KANGYO BANK
Schlei testified that he believed that the instruments were valid but that corrupt officials of the government of Japan had falsely claimed that they were not genuine.
The jury was persuaded beyond a reasonable doubt that the bond certificates and bank notes were not genuine and that Schlei had the requisite criminal intent to defraud when he represented to prospective purchasers that these instruments were valid.
I
SUFFICIENCY OF THE EVIDENCE
A. Background
Schlei argues that the judgment must be reversed because the Government failed to present evidence that he intended to defraud anyone in attempting to sell the bond certificates and the bank notes. He asserts that the record shows that he informed each prospective buyer that the government of Japan claimed that these financial instruments were not valid.
He also maintains that fraud has not been demonstrated because no reasonable person would have purchased these instruments without receiving confirmation of their validity from the Japanese government, in view of their extraordinary face value and the disclosures made to prospective purchasers.
[2] In addition, Schlei contends that the evidence is also insufficient to demonstrate that he directly or indirectly participated in the sale of a bond certificate to undercover officers in Tampa, Florida.
In discussing whether the evidence is sufficient to sustain the judgment of conviction against Schlei, we are required to review the facts produced at trial by the parties in the light most favorable to the Government. United States v. Calhoon, 97 F.3d 518, 523-24 (11th Cir.1996), petition for cert. filed, 65 U.S.L.W. 3694 (U.S. Mar. 31, 1997) (No. 96-1557). In reviewing a sufficiency claim, we "accept[ ] all reasonable inferences and credibility choices made in the government's favor, to determine whether a reasonable trier of fact could find that the evidence established guilt beyond a reasonable doubt." Id. at 523. "We also review de novo whether there was sufficient evidence to support the convictions." Id.
1. The Source of the Financial Instruments
In the early part of 1985, Sam M. Han, a Korean - American, met with C.K. Lee, a fellow Korean-American, and T. Hiraki, a Japan national, in Los Angeles, California.
Lee and Hiraki told Han that they represented certain persons who wanted Han's assistance in getting the government of Japan to acknowledge the validity of the bond certificates and bank notes.
Han was told by Hiraki and Lee that the government of Japan claimed that the financial instruments were not genuine and had refused to honor them. Han urged Lee and Hiraki to seek legal advice.
In March of 1985, Han and Lee met with Schlei at his law office in Los Angeles [ California, USA ] to discuss negotiation of the financial instruments.
Han and Lee informed Schlei that the government of Japan would not negotiate with them without pressure from outside of Japan.
Sometime shortly thereafter, Schlei met with Han and Lee, as well as a group of Japanese nationals, including Toshio Takahashi.
Schlei, Han, and Takahashi later traveled to Japan and interviewed persons who possessed some of the bond certificates and bank notes.
The holders of these instruments informed Schlei and Han that they received them from a woman named Hatsu Aoyagi.
On April 8, 1985, Schlei and Han met with Stanley Sporkin, the general counsel for the CENTRAL INTELLIGENCE AGENCY ( " CIA " ).
At this meeting, Schlei told Sporkin that he had been informed by a group of Japanese citizens that a secret $2,000,000,000 billion dollar Fund had been accumulated by General Douglas MacArthur during the American occupation of Japan.
Schlei stated the secret Fund came from money confiscated from foreigners, the Imperial Family, and property seized during the Japan occupation of Korea.
Schlei's alleged informants referred to it as the Marquat Fund ( the " M FUND " ).
Schlei told Sporkin that the fund was administered by the United States and the Liberal Democratic Party in Japan.
Schlei related that he was informed that in 1958, then-Vice President Nixon promised to give Okinawa to Japan and turn control of the "M FUND" over to Japan in exchange for Japan's support in electing him President of the United States.
Schlei told Sporkin that a woman who had been indicted for the forgery of these financial instruments had been acquitted of that charge.
Sporkin testified that Schlei declared that he wanted the CIA to know he was going to try to present these instruments for payment and "wanted to give [ him ] a heads up to a possible political problem."
Sporkin informed Schlei that he knew nothing about the financial instruments or the "M Fund," and that the story Schlei had related, "seem[ed] extraordinary."
Sporkin also testified that he thought, "it was a crazy idea, preposterous."
Sporkin promised Schlei that he would call him to indicate whether the CIA had any interest in Schlei's plan to attempt to sell the bond certificates and the bank notes.
In a subsequent telephone call, Sporkin told Schlei that the CIA had no interest in the proposed sale of the financial instruments because "[i]t was a private matter."
After returning to Los Angeles, Schlei agreed to provide legal representation to Hiraki, Takahashi, Lee, and Han "in relation to the negotiation and cashing of certain checks and other instruments."
[3] AGREEMENT
The undersigned parties agree as follows:
Norbert A. Schlei agrees to provide such legal services as may be required in relation to the negotiation and cashing of certain checks and other instruments with respect to which his assistance is sought, including but not limited to checks numbered A35261, A35262, A35263, A35264, A35265 and A35266 drawn on the DAI-ICHI KANGYO BANK CO. LTD.
T. Hiraki and T. Takahashi, acting on their own behalf and on behalf of Sadao Niwa and other owners of the documents to which this agreement relates, and C.K. Lee and S.M. Han, acting on their own behalf, agree that the fee to be paid for such legal services shall be a contingent fee of 5% of the amount recovered on such checks or other instruments; provided, however, that T. Hiraki and T. Takahashi shall have the option, for thirty ( 30 ) days after the date hereof, to reduce the contingent fee (a) by 1% ( to 4% ) by paying a retainer fee of $50,000 in cash, or (b) by 2% ( to 3% ) by paying a retainer fee of $100,000 in cash.
Wherefore the undersigned have duly executed this agreement.
Dated:______________________________
/s/
Norbert A. Schlei
/s/
T. Hiraki
/s/
T. Takahashi
/s/
C.K. Lee
/s/
S.M. Han
In May of 1985, Schlei and Lee tried to negotiate one [ 1 ] of the bank notes at the DAI-ICHI KANGYO BANK in Japan. The bank notified Schlei that it would not honor the bank note because it was a forgery.
In furtherance of the plan to sell the bond certificates and bank notes, Schlei filed the Articles Of Incorporation of the JAPAN-AMERICA FOUNDATION INC. ( " Foundation " ) in Panama on January 6, 1986.
Schlei was designated as a member of the board of the Foundation [JAPAN-AMERICA FOUNDATION INC. ] as well as its Secretary and Treasurer.
Takahashi was named as the Chairman of the Board and Chief Executive Officer [ of JAPAN-AMERICA FOUNDATION INC. ].
Han was designated as the president of the Foundation [JAPAN-AMERICA FOUNDATION INC. ].
Pursuant to the articles of incorporation, the Foundation was formed to arrange the assignment of the bond certificates and bank notes from the nominees or payees, and to invest the proceeds of any sale "to benefit the peoples of Japan and the United States or secondarily the peoples of the nations of the Pacific Basin and the world."
Lee, Michael Dow, and Jesse Levine were indicted on January 31, 1986 in the District of Nevada for attempting to sell some of the bond certificates. Upon being informed of the arrest of Lee, Dow, and Levine, Schlei went to Nevada to help them.
Schlei also wrote a letter to the United States Attorney for the District of Nevada, demanding the return of the bond certificates and bank notes to the Foundation as the owner of the instruments.
On February 17, 1986 - approximately 3-weeks after Lee was indicted for attempting to sell forged bond certificates - Schlei met with United States Ambassador Mike Mansfield at the United States Embassy in Tokyo, Japan.
Also present were Daniel Russel, the Ambassador's executive assistant, and John Weeks, the embassy's assistant financial attaché.
At this meeting, Schlei related the alleged genesis of the bond certificates and the bank notes, as related to him by his clients.
Russel testified at trial. He summarized Schlei's narration as follows:
“Well, he recounted a very elaborate tale of conspiracy involving some hidden Japanese war treasures that includes the systematic connivance of such figures as General Douglas MacArthur and the first Prime Minister of Japan as well as the complete pantheon of senior Japanese officials then in the Government, as I recall, including - up to and including - the Prime Minister of Japan in some elaborate cover-up exploitation scheme.
At his meeting with Ambassador Mansfield, Schlei did not present any documents or other evidence to corroborate his account of the source of the financial instruments.
Schlei also failed to advise Ambassador Mansfield that Lee had been recently indicted for attempting to sell forged bond certificates.”
Russel testified, that his position as executive assistant to the Ambassador required him to be informed regarding Japanese politics.
Russel testified, that he found "it totally unbelievable that such a conspiracy could have been in progress for decades without becoming widely known," because "it involved such a massive conspiracy that would have entailed the connivance of virtually every senior politician in Japan."
The day following his meeting, in the United States Embassy, Schlei drafted a letter to Ambassador Mansfield in which Schlei related - in greater detail - his clients' representations regarding the source of the bond certificates and bank notes. Schlei's message was typed on the letterhead of the United States Embassy in Japan in two (2) separate formats.
One statement, received as Exhibit 17 at trial, contained the following words in the first [ 1st ] paragraph.
The following, is the ‘re-typed text of a letter’ received from Norbert Schlei summarizing the information provided by him at the meeting ( referred to above ):
“Dear Ambassador Mansfield,” Exhibit 17 ended with the words, "Sincerely, Norbert A. Schlei."
The other statement, received into evidence as Exhibit 21, did not contain the above-quoted language:
“Different policy was adopted, and a large number of holders were utilized. At the present time about 80 individuals hold documents representing a portion of the Fund.
When the individuals, holding the documents, representing the Fund began to demand a voice in administering the Fund, the government vigorously resisted.
At various times it forcefully demanded return of the documents, but very few holders responded.
In order to prevent these documents from being negotiated, the government has at times advised persons making inquiry about these documents that they are forged.
However, my clients assert that most of the documents presently outstanding can be shown to have been printed at a factory of the Finance Ministry in 1981 by order of Finance Minister Michio Watanabe, now Minister of International Trade and Industry.
The ink used for the printing, they assert, is the ink used for printing the old paper money, now no longer circulating, and is totally unavailable except to the Ministry of Finance.
The face value of instruments, now outstanding, probably exceeds - by a considerable margin - the amount of money actually in the Fund. This results partly from the activities of a woman named Hatsu Aoyagi, who worked closely with Tanaka and had a role in selecting the holders of the securities representing the Fund.
Ms. Aoyagi was convicted of fraud and misappropriation of funds within the past year in a Tokyo court.
One thing she apparently did was to charge people large sums to become holders of the Fund's securities. She represented that the fees charged would go to the Party, but in fact she pocketed most of them. Also, although - in some instances - she was supposed to exchange one [ 1 ] set of securities for another, in some instances she simply distributed the new ones without collecting the old.
Because of this practice, and perhaps other irregularities, the face value of the instruments outstanding is approximately Yen 130,000,000,000,000 trillion - whereas the actual amount of the Fund is believed to be a maximum of approximately Yen 50,000,000,000,000 trillion.
My clients assert that one of the reasons for their determination to bring this matter to a head is that the Fund has been productive of impropriety and corruption.
In addition to Mr. Kishi, they say that Mr. Tanaka misappropriated a large fortune of 10,000,000,000,000 trillion yen, which is invested through the UNION BANK OF SWITZERLAND.
They state that Mrs. Hiroko Sato, widow of Premier Eisaku Sato, cashed documents amounting to 300,000,000,000 billion yen through the CHASE BANK.
According to my clients, Secretary of the Cabinet Mr. Masaharu Gotoda, who has somewhat impeded their settlement, has personally cashed three [ 3 ] checks through the DAI-ICHI KANGYO BANK for a total sum of Yen 60,000,000,000 billion.
It is, of course, possible that some of these sums were further transferred and applied to proper purposes.
With a view to testing the reliability of some of the assertions made by my clients I asked how it was known that Mr. Gotoda had obtained Yen 60,000,000,000 billion from the DAI-ICHI KANGYO BANK.
The reply was, that a member of our group is an official of a government agency, which was engaged at the time in a special investigation; that when Mr. Gotoda conducted his final negotiation with a high official of the Bank, he did so on a telephone line that happened to be tapped; that the Bank asked Mr. Gotoda to accept Yen 50,000,000,000 billion but he adamantly refused, after which arrangements were made on the telephone to pay him the full amount demanded.
I believe that the negotiations relating to this matter will be concluded in any and all events by the end of the Japan government fiscal year on March 31.
If the non-profit foundation we have formed is indeed founded, it will have an enormous potential for good.
Two [ 2 ] people, Senator Alan Cranston and Jack Anderson, the syndicated columnist have been asked by people in our group to serve as Trustees and have agreed to do so.
I plan to ask Ted Kennedy to join us.
You would be an ideal Trustee if your post would permit such service.
As you know, I am providing this information on the understanding that it will be kept confidential in the sense of not being disclosed to the public, and will not be attributed to me.
Any use of this information you may feel is in the interests of the United States in terms of disclosure within the government is not objectionable to me or my clients.
I will keep you informed.
Again thanks, and kindest personal regards.
Danny Russel
cc: Desaix Anderson, DCM
Bill Breer, POL”
AEX @5d agreements for the sale or lease of the bond certificates and bank notes between the Foundation and HILL & ASSOCIATES for the years 1986, 1987, 1988, and 1989 [ 4-years ] were introduced into evidence at trial.
Han or Schlei signed these agreements on behalf of the Foundation.
Hill promised to advise any potential buyer that the Japan government disputed the authenticity of the bonds.
Hill was also furnished a written disclosure form for distribution to potential customers.[5]
September ___, 1988
Dear ________________:
As you know we have discussed several times various Japanese Certificates of Redemption and Cashiers Checks denominated [sic] in Japanese Yen, that purport to be issued by the BANK OF JAPAN, the DAI-ICHI KANGYO BANK and other leading Japanese financial institutions.
It is the purpose of this letter to establish that HILL & ASSOCIATES INC. has made full disclosure of the problems that exist with respect to these instruments, and that none of our discussions have been based on any material misrepresentation or non-disclosure of material facts.
The payees of the instruments, here involved, have stated that they believe the instruments were in fact issued by the institutions by whom they purport to have been issued, and that the instruments represent a Confidential Fund of money ( the so-called " M-FUND " ) which has been administered by the Liberal Democratic party for some three (3) decades [ 30-years ].
The Fund is believed to have been established during the U.S. occupation with the approval of General MacArthur, and to have been the subject of several secret agreements between the U.S. and Japan or the Liberal Democratic Party culminating in the giving up by the U.S. in the late 1950's of any right to participate in administration of the fund.
Although I have informed you of these matters and other details, I wish to make it clear that this information is entirely hearsay [sic] so far as I am concerned and I cannot and do not warrant the correctness or completeness of this information.
The payees of the instruments have also stated that in their view there is no legal obstacle to negotiation of the instruments by them; that opposition by the Government of Japan or the Liberal Democratic Party is merely political and not legally sustainable. However, it certainly is clear that the Government of Japan and those of the institutions do challenge the genuineness and the enforceability of these instruments.
In the only case in which any of these instruments was formally presented for payment, a cashier's check purportedly issued by the DAI-ICHI KANGYO BANK was rejected as not genuine after being held by the Bank for 35-days after presentation.
HILL & ASSOCIATES INC. is, accordingly, unable to warrant and does not warrant the genuineness or enforceability of the instruments.
Essentially, HILL & ASSOCIATES INC., is stating to you that these instruments are without warranty other than a warranty that it has duly acquired the proper Power Of Attorney in and to these instruments.
By your signature below, you acknowledge receipt of the information set forth above and your understanding of the severe limitations on the warranty in relation to any proposed transactions between __________________ and HILL & ASSOCIATES INC.
Sincerely,
______________________________
Roger A. Hill, President
HILL & ASSOCIATES INC.
Acknowledged: September ____, 1988
The language contained in the ‘disclosure form’ was virtually identical to that contained in the April 24, 1986 letter, to Hill quoted above, making no reference to Lee's ‘earlier arrest’ for ‘attempting to sell forged bond certificates’.
On July 2, 1991 Hill called Agent Phil Rence of the FBI at the request of a law firm he had contacted regarding an attempted sale of the bond certificates. Hill informed Agent Rence that he had been involved in the sale of these instruments for approximately 6-years. Hill stated he previously had offered bond certificate number 1261 for sale. Agent Rence notified Hill he had taken a copy of bond certificate 1261 to the Japan consulate in San Francisco where a Ministry of Finance representative provided the FBI with a letter stating the certificate was not genuine. Approximately 1-week after his conversation with Agent Rence, Hill received bond certificate 1261 from Bobby Chamberlain, Takahashi's accountant.
In November 1991, Hill asked Agent Rence whether he was doing anything wrong in continuing to try and sell the bond certificates in view of the fact that he intended to have any prospective buyer sign an agreement in which the purchaser acknowledged that he or she had been informed that the genuineness of the bond certificate was in dispute.
Agent Rence told Hill the bond certificates were "bogus," and no "buyer beware clause" would help him if he continued to try to sell the bond certificates.
During Hill's negotiations with the Foundation, he met with Han and Takahashi in Schlei's office. Hill saw at least fifty ( 50 ) of the bond certificates on Schlei's coffee table.
Hill made several attempts to sell the bond certificates and the bank notes prior to January 18, 1992. None was successful.
b. The Role of Ah Loo and Howard Olson in Attempting to Negotiate the Financial Instruments
Beginning in December 1986, Ah Loo conducted business in Hong Kong as TRANSFIELD INVESTMENTS LIMITED ( " TRANSFIELD " ).
In September 1987, Ah Loo negotiated with John Blomfield of MERRILL LYNCH, PIERCE, FENNER and SMITH regarding the sale of "Japanese debentures."
During the course of their correspondence, Blomfield sent Ah Loo a copy of an unsigned letter he had received, dated February 28, 1987 from Minoru Yoneda, an associate advisor in the Government Bond Department of the BANK OF JAPAN in Tokyo.
This letter provided in pertinent part that "in Japan, the Government do [sic] not issue the Certificate of Redemption Balance that you sent us in the copy - form. Such Certificate is not a true bond, but a fictitious one, and we regret to inform you that the Certificate is often used in fraudulent practices."
On October 1, 1987 Takahashi granted Kelly Chang and Lau Jim Koon his Power Of Attorney [ POA ] to "negotiate on [his] behalf with investment consultant firms, financial consortium, banks and trust body [sic] as may be deemed qualified and necessary for the investment of these Debentures." On October 15, 1987, Koon and Chang assigned bond certificates to TRANSFIELD to assist "in the disposition of said Bonds."
On October 28, 1987 Schlei wrote to Ah Loo's bank in Hong Kong, "at the request of [ his – Schlei’s ] client, Mr. Toshio Takahashi," to verify funds were available to pay for the assignment of the bond certificate to TRANSFIELD.
Schlei also attached an affidavit, in which he alleged possessing bond certificates 1276, 1280, 1354, and 1664, and advised that pursuant to instructions from his client, he was prepared to deliver the bond certificates to a buyer.
Over the ensuing months, Ah Loo and her attorney, Alistair Robertson, communicated with Takahashi and Schlei regarding her efforts to sell the bond certificates.
In January 1988, Ah Loo contacted Howard Olson, a resident of Minot, North Dakota, to discuss his interest in obtaining financing for a proposed real estate development.
Ah Loo had met Olson when she resided in Nevada in 1985.
In 1985, Olson and Ah Loo had discussed Olson's plans for a condominium project in North Dakota, and his need for $2,000,000 to $3,000,000 million dollars in financing.
When Ah Loo moved - in December 1986 - to Hong Kong, she continued to assist Olson in attempting to obtain financing for Olson's real estate development.
Ah Loo also authorized Olson to serve as a special representative of TRANSFIELD. She gave him a Power Of Attorney [ POA ] with respect to a bank account in the name of TRANSFIELD at FIRST AMERICAN BANK & TRUST ( "First American" ) of Minot [ North Dakota, USA ].
Ah Loo first mentioned the bond certificates to Olson in January 1988. Olson told Ah Loo that he thought he could use one of the bond certificates as collateral for a loan on his development project.
In February 1988, Ah Loo sent bond certificate number 1395 to FIRST AMERICAN BANK & TRUST [ Minot, North Dakota, USA ].
Olson then transferred bond certificate 1395 to E.F. HUTTON SECURITIES ( "E.F. Hutton" ).
E.F. HUTTON served as his broker in negotiations concerning the instrument.
E.F. HUTTON requested SHEARSON LEHMAN determine whether the instrument was valid.
After making an inquiry through its Tokyo [ Japan ] office SHEARSON LEHMAN informed E.F. HUTTON the bond certificate was forged.
E.F. HUTTON immediately advised, Olson, they would not accept the bond certificate because it was "no good."
Shortly thereafter, the FBI ordered Olson to cease and desist his attempts to negotiate the bond certificate.
Olson informed Ah Loo of the FBI warning, as well as the E.F. HUTTON refusal to deal with the bond certificate.
Once the Olson plan to use the bond certificate as collateral for a bank loan failed, Olson began negotiating with Paul Bennett, who indicated that a pension fund he represented was interested in purchasing the bond certificate.
In the first half of March 1988, Olson and Schlei had several telephone conversations regarding the potential sale of the bond certificate to the pension fund.
Olson testified that he informed Schlei that E.F. HUTTON "didn't want to deal with [the bond certificate]."
In addition, Olson advised Schlei of the FBI warning.
Nevertheless, Schlei told him to continue his efforts to sell the bond certificate.
On March 9, 1988, Takahashi sent a letter to Olson demanding either $2,362,205 in payment for bond certificate 1395, or immediate return of the instrument to Schlei as Takahashi's representative.
On March 11, 1988 Schlei sent a letter to Ah Loo, which included the following:
“Mr. Takahashi has asked me to advise you that, because of repeated failures by you and your representatives to carry out the terms of your agreement for the purchase of the [ bond certificate No. 1395 ], he has terminated the agreement and hereby makes demand on you to return the Certificate or cause it to be returned forthwith.
Since the certificate is now in the United States in the possession of Howard Olson, Mr. Takahashi asks that the certificate be delivered to me as his representative.”
On March 18, 1988, Olson informed Schlei that Olson would be dealing directly with Schlei regarding bond certificate 1395, and that Ah Loo would no longer participate in the pending negotiations with the pension fund.
That same day, Schlei sent a letter to Takahashi concerning Olson's efforts to sell the bond certificate. It reads in pertinent part as follows:
“I have your FAX of today and understand fully your concerns. I will cancel the transaction with Olson if you feel we must do so. However, before canceling as you have requested I would like to report my latest communications with Olson.
Mr. Olson states that he knows almost nothing about the history of this matter in Hong Kong.
I have told him some of the bad things done by Ah Loo and Taguchi and he says he cannot blame you for being angry. However, he adds, he did not participate in those things and feels he has been completely fair and honest with us.
Olson readily admits that the form of this transaction has changed since he first became involved. Originally, he says, he had arranged to do a transaction involving the SHEARSON LEHMANN [sic] firm. This transaction also involved Mr. Searcy's bank and was at one time ready to close. However, SHEARSON withdrew as a result of its contacts with the BANK OF JAPAN.
Therefore, Olson had to make different arrangements.
Olson says the transaction he has arranged is the same one he described to me when I first called him, namely, a transaction involving a pension fund. Olson's company would be buying our certificate and using it (and certain mining properties being pledged by Olson) to borrow money from a pension fund headquartered in Denver.
The money being lent by the pension fund would be used to pay the purchase price to us.
. . . [ EDITED-OUT ] . . .
For all of the above reasons, I recommend that you ‘hold off canceling’ Olson's transaction. ( emphasis added ).”
Olson's proposed sale of bond certificate 1395 to the pension fund fell through in April 1988. At that time, bond certificate 1395 was in Bennett's possession.
Olson instructed Bennett to mail the instrument to Schlei who also directed Bennett to return the bond.
Bond certificate 1395 was never returned to Schlei.
Olson had no further direct contact with Schlei after April 1988.
On April 22, 1988, Olson wrote the following letter to Dr. Carmelo Profilo and Chang, Ah Loo's business associates:
“Once again I have experienced a rejection of a proposed sale of one of the Certificates of Redemption due to influence created by the Issuing Government.
The Certificate had been sold and an escrow opened subject to the Buyer checking with the government of the Issuing Country.
The reason for checking was that this Buyer ( a Prince ) is involved on another deal with them of several Billion Dollars on a different Project, and he needed to know that this purchase would not change their relationship or nullify any of their plans.
The response was very negative, and the Buyer was forced to drop this purchase immediately and stay clear of those Certificates.
The Buyer was also partners with several Senators in the deal and gave strong repercussions back to me, and I was again notified by the Federal Authorities to cease [sic] and desist all operations concerning these Certificates.
I have begun [sic] the process of returning the Certificate and all the Supporting Documents to Transfield immediately.
On October 7, 1988 Ah Loo was informed by an attorney, whom she had been dealing with respect to the sale of the bond certificates, that officials at the BANK OF JAPAN determined they were forgeries, and "exactly the same copies used in a previous case of fraud in Hong Kong."
c. The Attempted Sale of Bond Certificates to Kazimir Golac by Schlei and Takahashi
The record shows that, late in 1988, Schlei and Takahashi attempted to sell several bond certificates to Kazimir Golac.
In a letter to Schlei, dated October 14, 1988 Takahashi set forth a proposed distribution of the proceeds from the anticipated Golac sale.
The letter provided that half of the income should go to the Foundation from the sale of "your and my shares" of the 10,000,000,000 billion yen bond certificates.
Takahashi also suggested that the Foundation should get 15,000,000,000 billion yen "from our share of the sale of the 300,000,000,000 billion yen bond certificates."
Takahashi explained that "personally and privately your income will be 1.8bs + 3.0bs = 4.8 billion Japanese yens. Mine is the same."
Takahashi also recommended that the proceeds of the sale, excluding those designated for the Foundation, should be divided equally among Han, Schlei, and Takahashi.
The Golac transaction was never consummated.
d. Craig Ivester Role in Attempting to Negotiate the Financial Instruments
Sometime during 1987 or 1988, Ah Loo was introduced to Craig Ivester, a locator of commodity transactions, employed by BANCORP INTERNATIONAL.
Ivester informed, Ah Loo, he had prospective buyers for the bond certificates.
Ah Loo furnished Ivester with a copy of a bond certificate.
Ivester sent the copy of the bond certificate to BANCORP INTERNATIONAL.
BANCORP INTERNATIONAL presented the copy of the bond certificate to UBS [ UNION BANK OF SWITZERLAND ] Switzerland. UBS Switzerland later reported to BANCORP INTERNATIONAL that the bond certificate was fraudulent. Ivester relayed this information to Ah Loo.
3. The Sting Operation
In August 1991, Ah Loo was reintroduced to Ivester by Dallas Thompkins.
Ivester was assisting Thompkins in attempting to obtain financing for Thompkins' company, MID-WAY CAPITAL.
Ivester and Ah Loo discussed the bond certificates.
Thereafter, Craig Ivester contacted Special Agent Noonan of the United States Customs Service [ now, U.S. Department of Homeland security ( DHS ), to determine whether he was interested in investigating Ah Loo's involvement with the bond certificates. Ivester had previously worked with Agent Noonan as a confidential informant.
After Agent Noonan expressed interest in pursuing the investigation, Ivester arranged to meet Ah Loo on September 11, 1991. At this meeting, Ivester told Ah Loo that he represented a group interested in purchasing bond certificates.
On September 12, 1991, Ah Loo sent Ivester a copy of a document entitled "Private Placement Procedures," and copies of two (2) bond certificates. Ivester forwarded these documents to Agent Noonan. Agent Noonan shared the information he had received from Ivester with Secret Service Agent Jack Fox.
Ivester arranged the initial meeting between Ah Loo and his alleged prospective buyers. This meeting occurred in Reno, Nevada in October 1991. In attendance were Ivester, Ah Loo, Agent Fox, and Customs Service Special Agent Michael Sankey.
Agent Fox introduced himself as an officer of FIRST NATIONAL BANK OF CHICAGO.
Agent Sankey identified himself as Michael Montclair, the President of a large international investment company.
The conversation was surreptitiously recorded by the agents.
During the Reno [ Nevada ] meeting, Ah Loo explained to Agent Fox and Agent Sankey that General MacArthur - in an attempt to shorten the supply lines for the Korea War - created a fund to permit Japan, which at the time was prohibited from developing its military, to manufacture munitions for use in the Korean War. She stated that the proceeds for the fund were obtained from the money and property of certain persons who had been loyal followers of the Emperor of Japan. In exchange, these investors received bond certificates.
Ah Loo also informed Agent Fox and Agent Sankey that the bank notes had been issued as payment for redemption of the bond certificates, but that someone had printed an overrun of these bank notes. She told the agents that the ‘excess bank notes were fraudulent’.
Ah Loo warned Agent Fox and Agent Sankey that they might not want to purchase the bond certificates because, some persons had been ‘arrested’ and others ‘killed for dealing in these financial instruments’.
She also represented that the bond certificates would not be redeemed at maturity, but would be rolled over.
Agent Fox and Agent Sankey expressed interest in purchasing one bond certificate, but no agreement was reached during the Reno [ Nevada ] meeting.
In early September 1991, Hill was introduced to Ah Loo by J. Maillian who informed - Ah Loo - that he was representing Hill in his efforts to sell bond certificates. At this time Ah Loo did not have any of the bond certificates in her possession. Hill agreed to make a bond certificate available to Ah Loo for sale to Agent Fox and Agent Sankey.
On September 20, 1991 Hill signed a handwritten agreement drafted by Takahashi in which Hill agreed to sell three [ 3 ] bond certificates and one [ 1 ] bank note.
This agreement provides that Hill and Takahashi "should keep strict secrecy from anyone regarding this agreement and should not disclose to any one [sic] else for ever [sic] without written agreement by Both." The agreement is signed by Hill as "Party A," and Takahashi as "Party B."
Takahashi provided Hill with three [ 3 ] bond certificates, including number 1261, and bank note 59155.
On September 20, 1991 Takahashi placed nine (9) calls, to Schlei, from his hotel room at the Sheraton Grande in Los Angeles. The record also shows that Schlei paid Takahashi's hotel bill.
Hill testified that he did not inform Takahashi that Ah Loo was involved in the transaction.
Hill also testified that Takahashi had informed him that Schlei did not want Takahashi to deal with Hill.
Ah Loo met again with Agent Fox and Agent Sankey in early December 1991.
Ah Loo represented to the agents that the bond certificates could be redeemed, but not everyone could redeem them.
She told the agents that the bonds had already been certified as valid in the Japan courts and that "she had originally obtained one [ 1 ] of these instruments in Hong Kong from Schlei, a former Assistant United States Attorney General."
During this meeting, they did not reach an agreement on the terms of the sale of the bond certificate.
In late December 1991, Agent Fox informed Ah Loo that he preferred to use the SMITH BARNEY office in Tampa [ Florida ] as the escrow agent.
Throughout the early part of January 1992, Agent Fox and Ah Loo communicated by telephone to discuss final arrangements for the sale of the bond certificate.
On January 7, 1992 Ah Loo, Ah Loo's son Bruce Hansberry, and Lee met at Ah Loo's residence in Los Angeles to discuss the acquisition of additional bond certificates by Lee.
Hansberry testified that during this meeting "the validity or authenticity of these bonds were [sic] brought into question regarding [Lee's] involvement in an effort by the FBI to confiscate the bonds from [Lee]."
Although this meeting was unrelated to the sale of the bond certificate to Agent Fox and Agent Sankey, Hansberry testified that "[t]he [ bond certificate ] series was the same. The question was implanted, there were doubts."
On January 9, 1992 A. George Saks, executive vice president and general counsel of SMITH BARNEY, signed a proposal letter at Agent Fox's request that set forth the SMITH BARNEY purported willingness to purchase three ( 3 ) "Series 57 Certificates of Balance of Redemption Japanese National Bonds" from Ah Loo for $140,000,000 million.
In return, the SMITH BARNEY fee for its services - as escrow agent - was set forth as $1,400,000 million.
Ah Loo assured Agent Fox that at the closing someone would explain to him how to certify the bond certificate's authenticity.
Hansberry told Agent Fox that he had already sold three [ 3 ] of the bond certificates. Hansberry admitted after his arrest that this representation was false.
The parties agreed that the purchase price for one [ 1 ] bond certificate would be $100,000,000 million dollars. Of that amount, Ah Loo was to receive $19,000,000 million dollars, SMITH BARNEY would be paid $1,000,000 million dollars for its services, and Hill was to receive $80,000,000 million dollars. Hill agreed to pay Takahashi $20,000,000 million dollars.
On January 16, 1992 Hill and Takahashi met in Takahashi's hotel room at the Sheraton Grande in Los Angeles. Takahashi told Hill that his $20,000,000 million dollar share of the proceeds from the sale to Agent Fox and Agent Sankey would be divided between Han, Schlei, Sakai, Horiguchi, and himself. Takahashi notes reflecting this division of the proceeds were described at trial as the "payout sheet." Takahashi told Hill at the January 16, 1992 meeting that Schlei knew that a bond certificate transaction was closing.
On January 17, 1992 Hill and Hansberry traveled to Tampa [ Florida ] to deliver the bond certificate to Agent Fox and Agent Sankey. Because of medical problems, Ah Loo did not attend the meeting, but participated by telephone.
On January 18, 1992 Hill handed bond certificate 1291 to Agent Fox. Immediately thereafter, Hill and Hansberry were arrested.
At the time of their arrest, Hill and Hansberry admitted that they knew that bond certificate 1291 was fraudulent. Hill consented to a search of the safety deposit box assigned to him at the Embassy Suites Hotel in Tampa [ Florida ].
The search disclosed additional bond certificates, ‘bank note 59155’, the ‘disclosure form’, a copy of the ‘United States Embassy letter’ identified at trial as Exhibit 21, and Takahashi's "payout sheet" for the Tampa transaction.
Hill placed a telephone call to Takahashi following his arrest. On the same date, Takahashi made eleven (11) phone calls to Schlei, including two (2) that were placed immediately after he spoke with Hill over the telephone.
On January 19, 1992 agents searched Takahashi's Los Angeles hotel room. The room was registered to Osamu Sakai. It was vacant, although food, clothes, and documents were scattered throughout. Takahashi made 4 phone calls to Schlei on January 19, 1992; 21 on January 20, 1992; and 20 on January 21, 1992.
At the time of trial, Takahashi was a fugitive.
4. Proof that the Instruments Were Forgeries
At trial, the Government presented the testimony of Hideo Inoue, the special officer for research at the Government Bond Section of the Ministry of Finance in Japan, regarding the authenticity of the bond certificates. He testified that the bond certificates were not genuine. Inoue compared the bond certificates with genuine Japan government bonds. He identified the following distinguishing characteristics:
[ EDITOR’S NOTE: Were these how Japanese instruments appeared ( below ) in 1957 or the 1980s? ]
(1) The bond certificates did not contain the term "Government of Japan," which appears on genuine Japanese bonds;
[ EDITOR’S NOTE: Wasn’t the “Government of Japan” earlier named, “The Imperial Government of Japan” even ‘after World War II'? ]
(2) The Japanese government has never issued an instrument termed a "certificate of redemption";
(3) The bond certificates contain the letter "A," which does not appear on genuine Japanese bonds;
(4) The numbering on the bond certificates appeared to have been ‘rubber stamped’, whereas genuine bonds contain a "very clear number" because of the ‘special technology’ that is ‘used’;
[ EDITOR’S NOTE: What possible “special technology” could possibly have been ‘available to have even been used’ back in “1957” or “1958?” ]
(5) The bond certificates used ‘four- digit numbers’, whereas genuine bonds contain six- digit numbers;
(6) The bond certificates contained the words "DAI-ICHI KANGYO BANK," but genuine bonds do not refer to any private bank;
[ EDITOR’S NOTE: Didn’t DAI-ICHI KANGYO BANK COMPANY and BANK OF JAPAN share a role ‘immediately before' and/or after World War II’ as being ‘issuing bank authorities’, much in the same way BANK OF CHINA had for decades printed ‘all’ China government money and other financial instruments? ]
(7) The bond certificates contained ‘Japanese / Chinese characters’ with a ‘horizontal line through them’, that genuine bonds do not include;
(8) The bond certificates had the ‘name of the nominee’ and genuine bonds do not bear the name of any person as the bondholder;
[ EDITOR’S NOTE: ‘All’ instruments such as these ‘do’ possess the ‘nominee name’, however ‘Bearer’ instruments ‘do not bear the name’ of the “bondholder”. The aforementioned statement may be misleading somewhat in that the ‘verifier’ may have simply ‘included’ this mention in his ‘list of determining verification factors’, since it does ‘not’ make any specific mention as to the instruments he ‘may’ have viewed being falsely represented in this ‘specific’ regard. Even a ‘low grade forgery’ would ‘not place a name’ where ‘a name should not be’, and consequently vice-versa. Hence, by stating ‘what the instruments had’ - no mention as to what they ‘were suppose to have had’ verses ‘what they did have’- is less than adequate, plus the fact that the ‘expert made no distinction’ between ‘bearer bonds’ and the ‘instruments presented’, was misleading. ]
(9) The seal on the bond certificates was ‘slightly faded’, ‘not as clear’, and a ‘less-bright red’ than genuine Japan bonds, and the ‘lines around the seal’ of the bond certificates were’ thicker’ than around that of genuine bonds;
[ EDITOR’S NOTE: Almost 30-year old Japan ‘paper and ink coloring’ of that vintage does ‘not’ withstand fading even after 7-years. Seal stampings varied according to either the ‘tool and die’ used or whomever used it to make the impressions on the instruments would be a determining factor, and since the manufacturer had long since been closed, perhaps only ‘the best sample’ was used to compare it with the ones in this case. Keep documents in cold storage and out of any harmful ultraviolet ray light and the document can look like ‘brand new’. There is nothing provided by the verifier of the instruments that might indicate any comparison as to ‘where’ his ‘specimen’ may have been pulled from. ]
(10) The bond certificates had face amounts of between ’10,000,000,000 billion yen’ and ’50,000,000,000 billion yen’, but ‘the government of Japan’ has ‘never issued a bond in an amount greater than 1,000,000,000 billion yen’;
(11) The bond certificates did not have the ‘raised print’ and Ministry of Finance ‘watermarks’ that ‘genuine bonds contain’; and,
(12) The reverse side of the bond certificates did not contain the same ‘design’ and ‘warning’ as that on genuine bonds.
Takashi Iwanaga, a vice president of the Manhattan branch of the DAI-ICHI KANGYO BANK, testified regarding the authenticity of the bank notes.
Iwanaga described the physical differences between the bank notes and a genuine DAI-ICHI KANGYO BANK Cashier's Check issued in 1982.
Iwanaga told the jury that the bank notes were counterfeit.
5. Proceedings in the District Court
Schlei was charged in Count One of the second superseding indictment with conspiring with Ah Loo, Hill, Hansberry, Takahashi, and Alan Reedy
(1) to utter and pass falsely made, forged and counterfeit Japanese bonds in violation of 18 U.S.C. § 479;
(2) to possess and deliver false and counterfeit foreign bank notes in violation of 18 U.S.C. § 480;
(3) to use interstate wires in execution of scheme to defraud in violation of 18 U.S.C. § 1343;
(4) to execute a scheme to defraud a bank in violation of 18 U.S.C. §§ 2 and 1344;
(5) to offer or sell securities by employing a scheme and artifice to defraud in violation of 15 U.S.C. § 77q; and,
(6) to engage and attempt to engage in a monetary transaction in criminally derived property that is of a value greater than $10,000 in violation of 18 U.S.C. § 1957. The jury was furnished with a special verdict form. The jury found Schlei guilty of conspiracy.
The jury found that the object of the conspiracy in which Schlei participated was "[t]o possess and deliver false and counterfeit bank notes, in violation of 18 U.S.C. § 480."
The jury also found that it was not an object of Schlei's conspiracy "[t]o utter and pass falsely made, forged, and counterfeit Government of Japan Series 57 M-Bonds, in violation of 18 U.S.C. § 479."
Schlei was found not guilty of uttering or passing false, forged, and counterfeit bonds, five counts of wire fraud, bank fraud, and engaging in a monetary transaction involving unlawfully derived property. Schlei was found guilty of securities fraud in violation of 15 U.S.C. §§ 77q and 77x.
The jury found specially that "[ Schlei ] obtained money or property by means of any untrue statement of a material fact or any omission to state a material fact necessary in order to make the statements made in light of the circumstances under which they were made, not misleading."
B. Discussion
1. The Evidence Demonstrates that Schlei Affirmatively Misled Potential Purchasers Regarding Material Facts
Schlei argues that the evidence presented to the jury is legally insufficient to demonstrate that he committed fraud – an essential element of conspiracy to commit fraud and the substantive offense of securities fraud charged in Count Ten of the second superseding indictment. Schlei contends that the Government failed to present evidence that he was involved in a scheme "reasonably calculated to deceive persons of ordinary prudence and comprehension." He argues that pursuant to the rule announced in United States v. Brown, 79 F.3d 1550 (11th Cir.1996), we must reverse. We disagree. The facts and circumstances presented to the jury in this matter are readily distinguishable from those reviewed by this court in Brown.
In Brown, the defendants represented to prospective customers from snow- belt states that the homes they were selling in Florida were a safe business investment and could be rented for an amount greater than the mortgage payments. Id. at 1554. In fact, the houses were being sold at a higher price than an almost identical home next door. The houses were not a good investment because they were overpriced. The rental income was less than represented. Some of the purchasers resold their homes for much less than they paid. Id.
In reversing the judgment of conviction, this court held that "[a] "scheme to defraud' under the pertinent criminal statutes has not been proved where a reasonable juror would have to conclude that the representation is about something which the customer should, and could, easily confirm – if they wished to do so – from readily available external sources." Id. at 1559.
Applying this rule to the facts before it, this court concluded that potential home buyers were encouraged to travel to Florida at the expense of the developer to visit the properties offered for sale. The court noted that "this matter is not a "sale of distant property' case: the kind where the purchaser has no chance to investigate the property's condition and value." Id. at 1560.
The court held that reliance on the value representations was unreasonable because a person of ordinary prudence could have easily discovered the cost of buying or renting comparable properties in Florida. Id. at 1551.
Here, unlike the situation in Brown, we have a "distant property" case.
The conspirators represented that "a secret fund to be used for various purposes not suitable for public view" was created in Japan by General MacArthur and Japan officials approximately 50-years ago.
They also claimed that the government of Japan issued the financial instruments to persons who contributed to the secret fund, but that corrupt Japanese officials were now falsely claiming that they were not genuine.
In making these representations, the conspirators told prospective purchasers that a former Assistant Attorney General of the United States had determined that the financial instruments were genuine and negotiable.
Furthermore, a document typed on the letterhead of the United States Embassy was shown to potential customers to persuade them that "the United States was supporting Mr. Schlei."
Under these circumstances, a reasonable juror could be persuaded beyond a reasonable doubt that a potential customer could not easily confirm the truth of the representation that a secret fund allegedly created by persons who have since died is now being covered up by a corrupt government of Japan.
The conspirators represented that the financial instruments were genuine, but that the government of Japan would deny that the financial instruments were genuine.
Had any potential customer of the conspirators and their salespersons attempted to contact the government of Japan, he or she would have been confronted with a self-fulfilling prophecy.
Because the instruments were not genuine, the Japan Minister of Finance would undoubtedly inform any person who inquired that the bond certificates and bank notes were worthless.
The exercise of ordinary intelligence would not have assisted a potential customer in confirming from a readily available external source that the conspirators' representations were truthful.
We decline to extend Brown to the false representations made by the conspirators to this fraudulent scheme.
2. Sufficient Evidence Was Presented to Support the Judgment of Conviction for Conspiring to Sell the Fraudulent Bank Notes
Schlei also maintains that "[n]o evidence was presented at trial showing that Schlei or anyone else engaged at any time in fraudulent behavior with respect to the "bank notes.' "
The record does not support this argument.
Schlei entered into an agreement with Hiraki, Takahashi, Lee, and Han concerning the negotiation and cashing of bank notes drawn on the DAI-ICHI KANGYO BANK in the spring of 1985.
In May 1985, Schlei and Lee attempted to cash one (1) of the bank notes at the DAI-ICHI KANGYO BANK in Japan. They were informed that the bank note was not genuine.
Nevertheless, on May 7, 1986 Schlei, as secretary and treasurer of the JAPAN-AMERICA FOUNDATION INC., assigned a bank note described as "cashier's check No. A35240" to HILL & ASSOCIATES INC.
The disclosure form letter that Schlei presented to Hill for distribution to potential purchasers expressly referred to cashier's checks "that purport to be issued by the DAI-ICHI KANGYO BANK."
Thus, contrary to Schlei's assertion, members of the conspiracy entered into an agreement to sell fraudulent bank notes after Schlei and Lee had been informed by a representative of the DAI-ICHI KANGYO BANK that they were not genuine.
The record also discloses that Hill was furnished an additional bank note by Takahashi on September 20, 1991.
Takahashi was aware that Hill was involved in the proposed sale of a bond certificate to Agent Fox and Agent Sankey. One of the bank notes was seized from Hill following his arrest in Tampa, Florida.
This evidence was sufficient to persuade a rational juror that the members of the conspiracy, including Schlei, had not abandoned their agreement to sell bank notes that were known to be worthless prior to January 18, 1992.
The fact that no bank notes were successfully negotiated does not affect the validity of the judgment of conviction for conspiracy to sell them. See United States v. Cuni, 689 F.2d 1353, 1356 (11th Cir.1982) ("[W]hether the object of the conspiracy is achieved is immaterial to the commission of the crime of conspiracy.").
3. The Evidence Is Sufficient to Demonstrate that Schlei's Misrepresentations and Concealment Were Material
Schlei asserts that the representations made by the alleged conspirators did not relate to a material fact. He argues that the only fact that is material to a prospective purchaser of a financial instrument is "whether the instrument will be paid when due." Schlei contends that where it is represented that a financial instrument will not be paid "other information that might indirectly suggest a possibility or probability of nonpayment becomes merely cumulative and is immaterial."
Schlei's argument ignores the fact that he and his co-conspirators represented that the financial instruments were genuine. Clearly, a representation of genuineness is material to a prospective purchaser of an alleged negotiable instrument.
Perhaps of more significance, however, is the fact that Schlei and his coconspirators concealed the fact that Schlei knew that Aoyagi had been convicted in a Japanese court for participating in producing forged bond certificates and bank notes.
real6
15-09-2011, 02:00 AM
Former Federal Legal Official Convicted of Securities Fraud
Published: January 08, 1995
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Norbert Schlei, who was once among the nation's top law-enforcement officials, has been convicted of conspiracy and securities fraud in a case prosecutors said involved billions of dollars in fake Japanese Government bonds.
Mr. Schlei, 65, an Assistant Attorney General under Presidents John F. Kennedy and Lyndon B. Johnson, declined to comment after his conviction in Federal District Court on Thursday.
Mr. Schlei, a lawyer in California, was acquitted of eight other counts, including wire and bank fraud and money laundering. Judge Elizabeth A. Kovachevich allowed Mr. Schlei to remain free on $100,000 bond until sentencing, which was scheduled for March 31. He could get up to five years in prison.
Mr. Schlei, who gave President Kennedy legal advice during the Cuban missile crisis and the occupation of the University of Mississippi by Federal troops, was with Senator Robert F. Kennedy's Presidential campaign entourage in California when Senator Kennedy was assassinated in 1968.
Prosecutors said that Mr. Schlei and five others conspired to sell fake Japanese Government bonds with face values in the trillions of yen, or about $16 billion. The six were accused of operating the bond fraud from the mid-1980's until January 1992, when undercover agents arrested three of the defendants as a result of an investigation here.
One co-defendant, a Japanese, is a fugitive. Two others pleaded guilty and testified for the prosecution.
The same jury convicted B. J. Bravender Ah Loo, a California businesswoman, of all 10 counts. She is to be sentenced with Mr. Schlei. Alan Reedy, who like Mr. Schlei is a California lawyer, was acquitted of all charges.
Testifying in his own defense last month, Mr. Schlei told jurors that when he was hired in the 1980's to represent 30 Japanese investors seeking to have their Government recognize the notes, he believed that the bonds were legitimate.
He said that Japanese Government officials in 1986 appeared ready to recognize the Series 57 M-Bonds, which he said had been issued in 1983 by the Japanese Prime Minister at the time, Kakuei Tanaka. Mr. Tanaka, it was later learned, had issued the bonds at the height of the Lockheed bribery scandal in an effort to hide a secret slush fund dating to the end of World War II.
Since then, said a defense lawyer, Peter George, the Japanese Government has balked at honoring the bonds. He said that Mr. Schlei had diligently tried to enlist the aid of United States senators and international bankers on behalf of the bondholders. Other defense lawyers argued that the defendants had never tried to conceal the debate about the bonds' authenticity.
Secret Service officials testified that the bonds were the work of a counterfeiter who was caught and imprisoned in Japan in 1983.
FTR #290 The Japanese Economy and the Kido Organization
IG FARBEN, JAPAN, JFK, NORBERT SCHLEI, REV. MOON, THE M-FUND, UNDERGROUND REICH, YAKUZA, ZAIBATSU
AUDIO:
[B]MP3 Side 1
MP3 Side 2
REAL AUDIO:
1. Just as the post-war Ger man econ omy is inex tri ca bly linked with the remark able and deadly Bor mann orga ni za tion, the Japan ese econ omy is inex tri ca bly linked with the flight cap i tal pro gram set up by Koichi Kido, the prin ci pal assis tant to Emperor Hiro hito. The eco nomic and polit i cal com po nent of a Third Reich gone under ground, the Bor mann orga ni za tion controls cor po rate Ger many and much of the rest of the world. (It was cre ated and run by Mar tin Bor mann, the orga ni za tional genius who was the “the power behind the throne” in Nazi Germany.)
2. The Bor mann group is a pri mary ele ment of the analy sis pre sented in the For the Record programs.
3. This pro gram sets forth the facts con cern ing the Kido flight cap i tal pro gram, the con ti nu ity between the zaibatsu (fam ily trusts) of Impe r ial Japan and the Keirestsu (the con tem po rary Japan ese cor po rate pow ers) and the truth of Hirohito’s cen tral role in the Japan ese war of aggres sion and the eco nomic loot ing of Asia.
4. Much of the first side of the pro gram con sists of dis cus sion and analy sis of a very impor tant arti cle about “the M-fund,” a clan des tine fund allegedly set up by the post war Japan ese eco nomic inter ests and the CIA. (“Mis chief or Con spir acy?” by Gillian Tett; Finan cial Times; 4/7–4/8/2001; p. 10.)
5. This alleged fund came to light as the result of the appear ance of allegedly coun ter feit Japan ese gov ern ment bonds. “It looks innocu ous enough: a sim ply worded warm ing about “fic ti tious bonds’’ sits on Japan’s Min istry of Finance web site. In fact, it is a gate way into a world swirling with explo sive accu sa tions of fraud, con spir acy and polit i cal inter fer ence. . . . But that hasn’t stopped these mys te ri ous ‘quasi-bonds’ from turn ing up in finan cial cen ters around the world. In total, their purported face value comes to tril lions of yen. And their ori gin is the sub ject of mys tery and con tro versy. Are these quasi-bond cer tifi cates part of a com plex polit i cal con spir acy, or are they sim ply a ploy to trap for eign investors?” (Idem.)
6. A for mer Kennedy admin is tra tion offi cial is con vinced the funds are real and has faced severe legal prob lems as a result. “One man con vinced the cer tifi cates are real is Nor bert Schlei, a senior U.S. lawyer and for mer adviser to Pres i dent John F. Kennedy. In 1995, he was appre hended in Florida for han dling these cer tifi cates and charged with secu ri ties fraud.” (Idem.)
7. “Schlei main tained that these cer tifi cates were valid, and that they were part of a com plex scheme by the Japan ese right and the CIA to recy cle hid den cap i tal from Japan ese World War II loot. In his defense, he told the courts the cer tifi cates were legit i mate and owned by a dozen of his Japan ese clients. Then he dropped his bomb shell by claim ing Japan’s Min istry of finance had secretly issued the cer tifi cates in the 1980’s to con ceal a hid den polit i cal slush fund. And this slush fund was linked to money that the CIA allegedly had used to fund rightwing polit i cal groups in Japan, as part of an anti-communist drive.” (Idem.)
8. Although Schlei’s account has been attacked, there is evi dence that his account is cor rect. “But Schlei’s ver sion of events is the one sup ported in a book, yet to be pub lished, by Ster ling and Peggy Sea grave, two U.S. authors who have writ ten exten sively on Asia. ‘When the Amer i can and Japan ese pub lic find out what has been going on all these years, par tic u larly with regard to covert finan cial mis chief, there will be a huge pub lic out cry,’ they say. In fact, finance and pol i tics in Japan are deeply murky and the com plete truth may never emerge. But there are two main the o ries as to where the bonds came from.” (Idem.)
9. The Japan ese MoF (Min istry of Finance) main tains that the bonds are fraud u lent and are the work of the Japan ese underworld. (In fact, the yakuza—Japan ese orga nized crime—is closely linked to the Japan ese cor po rate estab lish ment, as well as the fas cist right wing.) The phys i cal evi dence is incon sis tent with that hypoth e sis, how ever. “The offi cial expla na tion, by the MoF, is that a gang of Japan ese crooks printed them in the 1980’s. Some of the gang were con victed in Japan for fraud in the mid-1980s, given a sus pended sen tence, and have now dis ap peared. But the cer tifi cates were dis trib uted to crim i nals overseas, who con tin ued the fraud, say Japan ese police. . . . It sounds credible—but con tains odd details. No finan cial insti tu tion has ever admit ted los ing money as a result of these bonds. And the MoF did not declare the cer tifi cates coun ter feit until 1993—a decade after they first appeared. It has also seemed reluc tant to per mit its bureau crats to tes tify that the cer tifi cates were fake. At one trial in the U.S., a MoF wit ness dis ap peared early, and the tape recorder col lect ing his evi dence broke. The min istry blames this on a ‘mis un der stand ing.’ Another odd ity is the cer tifi cates’ design. Crim i nals usu ally make fake bonds iden ti cal to real bonds and in small denom i na tions, to avoid attract ing atten tion. The ‘quasi-bonds,’ how ever, do not even pre tend to be a Japan ese gov ern ment bond, but an IOU—of a type not seen in Japan. Each cer tifi cate is ded i cated to a specific Japan ese per son, and says it can be exchanged for 15-year bonds in the future, via the Bank of Japan ‘and Dai-Ichi Kangyo bank as an agent of the Bank.’ They claim to have been issued in 1982—or Showa 57 in the Japan ese cal en dar (they are some times called ‘series-57 bonds’ by Amer i cans. . . .But if that looks sus pi cious, the other expla na tion is far stranger and begins in the early 20th cen tury, when Japan invaded its Asian neigh bors and looted vast wealth.” (Idem.)
10. The “unof fi cial expla na tion” is rooted in the clan des tine his tory of the Japan ese econ omy dur ing World War II and its after math. “After the Sec ond World War, U.S. intel li gence forces secretly seized this wealth and later used it to finance covert anti-Communist operations—paying bribes, for exam ple, to rightwing mem bers of Japan’s Lib eral Demo c ra tic Party. Schlei told the Florida court that in the post war U.S. ‘we came to feel that [such pay ments] were OK because the Rus sians were sub si diz ing the com mu nists and social ists.’ In the 1960’s, the U.S. returned con trol of this fund—called the ‘M-fund’—to Japan. Japan ese politi cians, such as Kakuei Tanaka, a for mer finance min is ter and later prime min is ter, grabbed it, stole large sums and used it for their per sonal use and to buy polit i cal sup port with bribes. ‘For 25 years Tanaka was known as the money man of Japan ese pol i tics. My clients say the rea son he had so much money was he got con trol of this M-fund,’ Schlei said. In the 1960’s, Tanaka tried to hide some of the fund by buy ing JGB’s and reg is ter ing them in the name of his crones and sup port ers. But in 1976, he was sucked into a cor rup tion scan dal and con victed of receiv ing bribes from the U.S. Lockheed com pany. In the fol low ing years, his cronies wanted extra money and, in the late 1970s, the Tanaka clique decided secretly to print what have become the dis puted cer tifi cates as part of a com plex finan cial scheme.” (Idem.)
11. In addi tion to Tanaka, Yoshio Kodama was deeply involved with the Lock heed bribery scan dal. Kodama had been interned by the Amer i cans as a war crim i nal at the end of World War II. Like another Japan ese fas cist, Ryoichi Sasakawa, Kodama had been deeply involved with the Japan ese patri otic and ultra-nationalist soci eties that brought fas cism to Japan. Both Kodama and Sasakawa were deeply involved with Rev erend Sun Myung Moon’s Uni fi ca tion Church.
12. In an attempt to redeem some of the cap i tal invested in these bonds, the gov ern ment of Paraguay approached some Wall Street bankers who, in turn, attempted to enlist the aid of for mer White House chief-of-staff (under Nixon) and Sec retary of State (under Rea gan) Alexan der Haig. “Some for mer Wall Street bankers, who insist on remain ing anony mous, say that in the early 1990’s they were hired by gov ern ment offi cials in Paraguay, who had acquired some ‘bonds’ and wanted to off set them against Paraguay’s debt to Japan. They hired Alexan der Haig, a for mer U.S. sec re tary of state, to find out whether Japan’s finance min istry would accept a deal. The Sea graves claim a deal was struck.” (Idem.)
13. Inter est ingly, and per haps sig nif i cantly, Haig is close to the Moon orga ni za tion. The Nixon White House and the gov ernment of Paraguay were also close to the Bor mann orga ni za tion. “The German-South Amer i can group also had direct access to the Nixon White House through their rep re sen ta tives in Wash ing ton, and were proud of the fact that Bebe Rebozo was Pres ident Nixon’s clos est friend. For, know ingly or unknow ingly, Rebozo processed mil lions of their dol lars through his Florida bank as part of nor mal com mer cial oper a tions.” (Mar tin Bor mann: Nazi in Exile; Paul Man ning; Copy right 1981 [HC]; Lyle Stu art Inc.; ISBN 0–8184-0309–8; P. 275.)
14. The sec ond half of the pro gram deals directly with the Kido flight cap i tal pro gram. With Japan’s mil i tary defeat clearly on the hori zon, Hiro hito aid Koichi Kido under took to secret the emperor’s for tune out of the grasp of the Allies. Speak ing to the afore men tioned Mar tin Bor mann, I.G. Far ben head Her mann Schmitz out lined the Japan ese flight cap i tal pro gram. “Her mann Schmitz, had eleven I.G. Far ben com pa nies in Japan, as well as the intel li gence orga ni za tion of Max Ilgner’s N.W. 7. The I.G. Verbindungs man ner, who were the liai son offi cers between Far ben in Japan and the home office in Ger many, let him in on some of the fis cal secrets of Emperor Hiro hito, who had used Swiss banks to place his enor mous liq uid for tunes beyond the reach of the Allies. So did the indus trial and finan cial lead ers of Japan, who also knew how to move their wealth around the world.” (Ibid.; pp. 120–121.)
15. It should be noted that the actions of Koichi Kido were influ enced by those of Bor mann. “With his immense land hold ings and the prof its from his many invest ments, Emperor Hiro hito was by far the wealth i est indi vid ual in Japan. Within the structure was the lord keeper of the privy seal, the emperor’s most impor tant advi sor, the only one who could offer unso licited com ments. From 1940 to the end of the war the lord keeper of the privy seal was Mar quis Koichi Kido, who per formed just as ably for Hiro hito as Mar tin Bor mann did for Hitler. . . . And when Emperor Hiro hito received his two requested reports on the future of the war in the Pacific from his army and navy chiefs of staff, he, too, con curred that their war cold not be won. He asked Kido to pre pare a peace plan for the Japan ese nation; and Kido began work on it in Jan u ary 1944. The lord privy seal envi sioned the first step in any peace plan as one that would pre serve the impe r ial throne and its impe r ial wealth. Kido held meet ings with key bankers and the trans fers of impe r ial money to Swiss accounts was effected smoothly via bank tele graph credit, inas much as major Japan ese banks had their own cor re spon dent bank ing rela tion ships with the impor tant fis cal institu tions of Switzer land. Emperor Hiro hito and his impe r ial house hold zaibatsu had stock own er ship and deposits in four teen of the major Japan ese banks, all of which cher ished the honor of act ing as an impe r ial depos i tory. The four teen banks gave all assis tance nec es sary, of course, to the Kido trans fer.” (Ibid.; pp. 121–122.)
16. The flight cap i tal plan was more than suc cess ful, and the cap i tal on hand for both the emperor and the Japan ese cor po rations (zaibat sus) served as the foun da tion for post war Japan ese recov ery and suc cess. “By the end of the war, the deposits on hand were astro nom i cal, and dur ing the post war reha bil i ta tion of Japan, the impe r ial for tune kept increas ing from the inter est charges for loans to var i ous zaibatsu com pa nies who were struggling—as were Ger man firms—for a come back in world mar kets. As a result of these trans fers Amer i can SCAP [Supreme Com man der, Allied Pow ers] fis cal inves ti ga tors found the impe r ial vaults pretty nearly bare when they went pok ing through the recorded assets in the impe r ial palace fol low ing Japan ese sur ren der aboard the U.S.S. Mis souri on Sep tem ber 2, 1945.” (Ibid.; p. 123.)
17. As was the case with Ger many, the wealth that Kido fun neled out of the coun try included the for tunes of the nations con quered and occu pied by Japan. Those coun tries’ assets were looted and absorbed into the Japan ese econ omy. “Like the Third Reich, the Japan ese pat tern of con quest and pil lage pre vailed. As armies marched, fought, and con quered, they were fol lowed by the ubiq ui tous bankers and busi ness spe cial ists who assumed eco nomic con trol of the lands and peo ple and assets they cov eted. They seized gold and formed com pa nies to mine for min er als, oil, coal, and all other sub stances nec essary to a resource-poor coun try like Japan. . . . But behind the slo gans was a hard-headed com mer cial ism ded i cated to prof its for the zaibat sus, which included the impe r ial house hold zaibatsu, fun neled through stock own er ship in the scores of cor po rations estab lished in bank ing and indus try of each con quered coun try.” (Ibid.; pp. 123–124.)
18. Both Kido and Hiro hito exhib ited con sid er able cyn i cism dur ing the clos ing phase of the war. Rec og niz ing that it was essen tial to deceive the Japan ese peo ple into pro long ing the con flict, as well as deflect ing blame for the defeat away from the emperor and the zaibat sus, both men engaged in a pro gram of pro pa ganda aimed at buy ing time for the flight cap i tal program to be con sum mated. “In 1944, while the lord privy seal was mak ing his peace plans, Emperor Hiro hito waited for the ulti mate excuse for with drawal from the war. Kido had rec om mended the removal of Prime Min is ter Tojo from office in 1944. Tojo had orig i nally been placed in office on the rec om men da tion of Kido, but now he was to take the blame for the defeat and for the atroc i ties that Japan ese forces had com mit ted when it was fore seen that the war was lost. Actu ally, the war had been planned in the War Room of the Impe r ial Palace, from the attack and rape of Nanking to the bomb ing of Pearl Har bor, with the emperor an inter ested par tic i pant in all major strate gic deci sions. . . . Kido knew the peo ple would have to be pre pared for sur ren der. The fight ing men had staked their honor on vic tory or sui cide, and vast num bers had died in the emperor’s name. If peace were pre ma ture, many would say that Hiro hito lacked the courage to fight the war through to the end. Wid ows and orphans would blame the emperor for caus ing their fathers and hus bands to die in vain. The emperor and Kido knew that the peo ple had reached the point where they were eager to see an end to war. When the time arrived that they thought it was they who had fought poorly and let the emperor down, then and only then, if Hiro hito declared for peace, would the peo ple feel oblig ated to him.” (Ibid.; pp. 124–125.)
19. Ulti mately the plans of the emperor and Kido were suc cess ful. “While the emperor waited for an excuse for with drawal from the war, he approved the many defen sive mea sures being under taken to repel the invaders. . . . His pro pa ganda min ister, like Dr. Goebbels in Berlin, fos tered the notion of bat tle to the last, but it was smoke of sorts, con trived to make more stead fast the flag ging will of the peo ple. . . . On August 7, 1945, the emperor was pre sented with his rea son to ini ti ate peace. He received the Japan ese army report of the atomic destruc tion of Hiroshima. Two days later, on August 9, a sec ond A-bomb was dropped on Nagasaki. Although the emperor and Lord Privy Seal Kido had been think ing about sur ren der for nine teen months before the two atomic bombs fell, it took only days for Emperor Hiro hito to agree to sur ren der terms on the Pots dam Dec la ra tion. At this point in time, as in Berlin, the prepa ra tions for post-war com mer cial sur vival for two defeated nations had been com pleted, and now only the final sce nario had to be played out.” (Ibid.; pp. 126–127.)
20. As had been envi sioned by the emperor, Kido and the cor po rate lead er ship of the zaibat sus, the flight cap i tal pro gram achieved its aim. “. . . once the occu pa tion ended and Japan again became mas ter of her own des tiny, the family-controlled hold ing com pa nies were to make their come back big ger and stronger than ever before, under the name ‘Ker estsu,’ which also means ‘group.’ Today, the six big Ker est sus con tol the econ omy; in fact they are the econ omy. The six largest groups con trol 40 per cent of the nation’s cor po rate cap i tal, and 30 per cent of its cor po rate assets. The trad ing com pa nies of these six Ker estsu hold stock in more than 5,400 com pa nies in Japan, and the Keirestsu banks own even more. The Mit subishi and Mit sui fam i lies were zaibatsu before their hold ing com pa nies were bro ken up by MacArthur, but today they are com fort able Keirestsu. . . . As was proven in time, the wealth and the cor po ra tions con trolled by the Bor mann orga ni za tion, on the one hand (in the Fed eral Repub lic of Ger many, 1 per cent of the cor po rate lead er ship con trols 40 per cent of the indus try and finance), and by the zaibatsu/Keirestsu, along with the hold ings of the impe r ial fam ily, were the basic instru ments that guided both defeated nations back to eco nomic power.” (Ibid.; pp. 127–128.)
Message Board :: General :: Broker Tools and Info's :: Wilfredo Sarabia Saurin:Fraudster, Terrorist, Spy?
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Wilfredo Sarabia Saurin:Fraudster, Terrorist, Spy?
« Thread Started on Sept 29, 2010, 1:58am » [Quote]
the best paper and data on the man
will repost here so to avoid it getting lost
Phantom Bank Paper Fraudster, Terrorist Or Spy?
by, Unwanted Publicity Intelligence, the website(s), Host [ UnwantedPublicity@ ]
July 21, 2010 16:30:08 p.m. ( PST ) [ Updated ] - [ Originally Published: July 14, 2010 17:22:01 ( PST ) ]
USA, California, Tustin - July 14, 2010 - Operating under unusual southern California shadows, actually some rather nice upscale residential townhomes adjacent Orange County's former U.S. Marine Corps Helicopter Station, secret teams and squads of U.S. government federal agents task undercover assignments brought from other federal agencies.
One case, few ( if any ) federal agents wish to discuss, sees secret efforts naming the U.S. Federal Reserve ( FED ), U.S. Department of Homeland Security ( DHS ), Immigration Customs Enforcement, U.S. Central Intelligence Agency ( CIA ) along with a small group of operatives ( men and women ) combating international bank paper fraud worldwide, but strangely not so much the counterfeit manufacturing and / or distribution.
"During tough economic times we're seeing more and more legitimate international businessmen involving themselves in trade financing deals not likely to have been consumated a few years ago," said one agent who asked not to be identified.
The government enjoys public opinion that it somehow sees all and knows all in order to protect and provide a service so, ascertaining what a U.S. federal law enforcement agent is specifically interested in ( specific information ) is difficult for most interviewers to discover, but there was no pretentious air about this federal agent who at ease described in-general what his team encounters.
"When there's a more than likely chance big money is going to be exchanged, we're going to try and prevent that, but getting to the bottom of the problem is not easy. We're not interested in wasting budget resources chasing around the world after foreign nationals, rogues or phantoms whom for the most part are behind international bank paper document artwork ( 'counterfeiting' ) or passing it around ( 'distribution' ) to see if any of it sticks and makes them some money in return."
"You know, things weren't always this difficult. We'd set up a deal, they'd drop by and we'd wrap things up. Today, some crooks are no longer as disheveled as some mug shots ( booking photos ) appear to most, and so technical issues are handled by young professionals loaded with energy, professional researchers supply master fraudsters with loads of useful information and between the two there isn't anything that can't be done so, we've got our work cut-out for us."
The agent continued, "Transaction handlers ( brokers ) or export managers typically inform us who they 'think' they've been working with, however the real nuts and bolts behind these global criminal organizations ( ringleaders / kingpins ) are now using so many multiple aliases and so frequently that it's becoming difficult to keep track of who is really running what, where."
When asked about something real interesting in a case he replied, "Well, at the top of our list is one we nicknamed 'Philippines Phantom' whose involved in an awful lot of international bank paper fraud schemes and he uses many aliases. We believe the Philippines Phantom has a close following of other nefarious characters using 'his' former aliases. At first we thought it was just other international bank paper crooks, further down the foodchain, just paying hommage to a bolder more famous crook, but then we realized the other crooks were simply too lazy and using the 'Philippines Phantom' alias gave them less work to do in pulling off an international bank paper fraud deal of their own."
Who is the 'Philippines Phantom'? When asked, no hints were given. The agent coughed and said, "That investigation is still ongoing so, no information at this time can be publicly released."
Although no official information was released as to who the 'Philippines Phantom' really is, the agent suddenly asked if my laptop was online, it was and so the agent curiously visited a couple ( 2 ) foreign country websites. At each, he would go to a particular webpage, stand up from the chair and ask me if he could walk around the room and study the wallpaper. Now, I took that to indirectly indicate the agent wouldn't be studying the webpages he was visiting ( in-private, the laptop was turned away from me ) so, I decidely took that curious opportunity to look at each webpage - long enough to copy each pertinent URL address for later review. Those two ( 2 ) webpages, UNWANTED PUBLICITY INFORMATION GROUP database files ( 16,000,000,000 pages and still growing ) and some global intelligence contacts gave my research enough information to fill this report and more.
Bank Paper Trade Tricks
Where imposters might not work as perfectly as very knowledgeable international master bank paper fraudsters, it has become easier with technology today to continue defrauding by simply changing appearances.
Fraud tricks, such as very short hair cuts ( or bald ), moustache or beard ( trimmed, cut off or added ), hair wigs ( different colors or styles ), weight loss or gain ( stuffed undergarments ), contact lens eyewear ( change eye colors ), identity papers ( different identity cards, passports, etc. ) are sometimes still used.
Smart fraud money is found where master bank paper fraudsters send-in entirely 'new faces' as their new 'representatives' whom may and are likelier now than ever before to be nothing more than unsuspecting freelance commissioned promoters acting unsuspectingly as the 'middle-man' or 'broker' for the master bank paper fraudsters whom are now disguising themselves to new unsuspecting "representatives" whom sometimes even come with respectable backgrounds. During tough economic times, a host of professionals are looking for work outside their usual occupations, and international bank paper fraudsters knowing this see tough economic times as their playground to further their own frauds and bottomline.
Modifying fraud techniques using computer enhancements can further bank paper frauds by the fraudster going one step further in obtaining and implimenting 'security paper' enhancing quality in the manufacturing of counterfeit bank paper and support documents for seemingly increased authenticity.
Furthering fraudulent international bank paper schemes aimed at unsuspecting victims can be taken by modified avenues of fraudulent approach again and again.
Altering or completely changing a 'fraudulent storyline' can lead to quickly resurrecting an old fraud into something that appears entirely different, and with few knowing anything about 'fraud transformation details', later in the scheme another fraudulent international bank paper ( different name of an institution ) may eventually be introduced providing an unrecognizeable twist aimed at victims of fraud.
New Spy versus Spy Game - Political Opposition Leftists Confused By Right Wing Terrorist Extremists
The Philippines Phantom use of alaises, said to have been later reused by yet another host of other nefarious individuals, indicates 'organized crime' sophistication exercising indirect criminal subterfuge, tradecrafts used more likely by an international spy or international criminal mastermind, but in either event requires a special set of skills, excellent training and / or years of practice.
This particular case appears to have become operationalized not by a rogue spy but perhaps by a terrorist akin to the clever but infamous Carlos Illyich Ramirez-Sanchez (aka) Carlos The Jackal believed skilled in intelligence tradecrafts and used by the legacy Soviet Union KGB. More has definitely been seen out of the Philippines Phantom than most run of the mill international bank paper fraudsters and identity thieves. To remain aloof for so many decades without being caught by law enforcement whom are supposedly chasing international Asian terrorists speaks volumes as to the liklihood of another driving force that has 'been allowing' the Philippines Phantom to mysteriously escape punishment as was seen in 2001 ( further below ).
Naive to what non-official cover ( NOC ) government foreign intelligence agents are, according to a U.S. government federal agent working from out-of one of those fancy southern California condominium undercover teams assigned by other federal agencies, in late 2008 a non-official cover ( NOC ) government foreign intelligence agent [ Neil Benjamin Gibson ] was believed to be, amongst all the other low down dirty rotten scoundrels, an international bank paper trading fraudster, but instead was a NOC feigning to be a 'trader' brokering what actually turned out to be a sting operation using what appeared to be members of the U.S. Federal Reserve Bank supposedly operating a 'secret reward recovery program' designed by U.S. federal law enforcement agents to ensnare as many loads of the mysterious legacy "Series 1934" U.S. Federal Reserve Notes ( FRN ) / U.S. Federal Reserve Bonds ( FRB ) and / or Federal Reserve System bearer bond coupon certificates stashed en masse throughout the Philippines and other parts of Asia.
During October 2008, in California for his meeeting with NOC agent Neil Gibson at the Los Angeles International Airport, the Filipino man arrived from the Philippines to just drop off a few samples and - he 'thought' - collect his U.S. Federal Reserve Bank reward. Instead, the Filipino was told a lie by Neil B. Gibson that the U.S. Department of Homeland Security ( DHS ) had to clear his reward money through channels but that the Filipino man would get his reward.
Although the Filipino man, who never gave up was nicknamed "cowboy," he was not deported and did not receive his so-called "reward" money as Neil Gibson described, but instead was flown back to the Philippines to secure more Series 1934 U.S. Federal Reserve Notes ( FRN ) from his contact for the U.S. government. Cowboy, was a southern California traveling businessman, an international "trader," who commuted frequently to the Philippines, France, Ukraine, and around the rest of the world as required.
Some old timers believe it got so hot during the Cold War that nations were tripping over their own spies. Today perhaps, nothing's changed except that valuable spies are not used out front in so many exchange deals as before but instead saw non-official cover ( NOC ) government foreign intelligence agents handle the brunt of that work because they are so much cheaper to maintain and easier to plausibly deny the existence of should secret government foreign operations go awry - as often times they do.
The Philippines Phantom would not have be easy to locate background information on had it not been for the ability to review, for the purposes of this report, private intelligence dossiers, database files and other international information supplied by affiliates of the UNWANTED PUBLICITY INFORMATION GROUP.
We were initially pointed to a problem perceived coming from somewhere inside a Philippines organization known as the PRESIDENTIAL COMMISSION ON GOOD GOVERNMENT ( PCGG ). Was something amiss with PCGG corporate governance? Did something unsavory surrounded PCGG chairman Camilo L. Sabio or one of her staff?
We found PCGG representative Gerry Ledonio [ TEL: (718) 358-8114 begin_of_the_skype_highlighting (718) 358-8114 end_of_the_skype_highlighting ] being "handled" by the law firm O'BUCKLEY ( New York, USA ) that was arranging secret PCGG meetings with the southern California Filipino man nicknamed "Cowboy" who was also very much an international bank paper trader who held a plethora of fraudulent international bank paper financial instruments [ i.e. bank guarantees ( BG ), certificates of deposit ( CD ), stand-by letters of credit ( SBLC ), safe-keeping receipts ( SKR ), etc. ] accompanied by a whole host of support documents, amongst many others, where the now-late former Philippines President Ferdinand Edralin Marcos (aka) Ferdinand E. Marcos was seen named within a Letter Of Instruction naming his sidekick to be "William V. Morales," an alias used by "Wilfredo S. Saurin" (aka) the "Philippines Phantom."
Reference
Early background on Wilfredo S. Saurin found him supporting Asian terrorists and another international bank paper fraudster, Alexander Mann. Together, Saurin and Mann teamed up with Orange County, California businessman nicknamed "Tony Nguyen," ( an alias he uses ) chairman of the GOVERNMENT OF FREE VIET NAM ( GFVN ) in Garden Grove, California where it was arranged to manufacture, distribute and sell fraudulent paper currency printed to support terrorist agendas of "Asian government" we found was actually not a real government at all but an organization that called itself the GOVERNMENT OF FREE VIET NAM ( GFVN ), a fraud money political front for an Asian terrorist splinter group garnering support from aligned nations with U.S. covert funding coup based assassinations and other destabilization efforts to overthrow the Republic Of Viet Nam, and headquartered right across the border in Cambodia we found Philippines Phantom Wilfredo Saurin leading the CHEA DAM GROUP OF COMPANIES ( Phnom Penh, Cambodia ), ASIA REAL PROPERTY CO. LTD. ( Phnom Penh, Cambodia ), ARP-OITC GROUP CO. LTD. ( Phnom Penh, Cambodia ) and THE OFFICE OF INTERNATIONAL TREASURY CONTROL ( Washington, D.C., USA ) formerly led by Ray Chhat Dam (aka) Diem C. Ray ( Cambodia ) and Keith Francis Scott ( Australia ).
We learned some of the nuances of the Philippines Phantom who was apparently skilled in martial arts but more importantly tradecrafts of spying as a foreign agent adept at the arts of infiltration and creating insurrections because he led a tight knit group of international criminal minded Asian terrorists directed to utilize a legacy U.S. Central Intelligence Agency ( CIA ) Viet Nam war time era counterfeiting operation that manufactured a cross-border ( viet Nam / Cambodia ) air lift infiltration air drop of billions in counterfeit money ( i.e. currency known as "dongs" - North Viet Nam government dollar ) that was used to make GOVERNMENT OF FREE VIET NAM ( GFVN ) currency ( sold to Vietnamese in Orange County, California, USA ) and used to design, print, distribute, and sell various forms of fraudulent but official looking paper monetary currencies, international bank paper and related support documents, identities and more used in blackmarket sales for up-front advance fee schemes as one of many fraudulent collection practices used behind the scenes to secretly fund international terrorist actions aimed primarily against specifically targeted assets ( holdings ) of the Republic of Viet Nam and its government administration from a revolutionary group known as the FREE VIETNAM REVOLUTIONARY GROUP ( FVRG ) tied to its political action arm GOVERNMENT OF FREE VIET NAM ( GFVN ) organization ( Garden Grove, California, USA ).
Although the U.S. Federal Reserve Bank ( New York, NY, USA ) cannot nor is it able to keep up with all the Philippines Phantom alias names and schemes, it does realize the Philippines Phanton has not been stopped because he continues spreading fraudulent international bank paper today. But what else can he do?
Reference
Research notes ( in reverse chronological order - below ) may shock readers whom will be provided with basic insights into where these particular Asian terrorist group extremists were harvesting others to advance their cause. An inside look at hardline politically driven criminal masterminds presenting outlandish schemes, using other people as their representatives to do their dirty work and get arrested for it, and a cornucopia of creative deceit techniques bordering on psychological treachery for victims so much so and to the extent that international bank paper fraud may disappear, but for a brief moment, when one realizes more serious crimes linked to it. Some may not understand that the Philippines Phanton is much more than just an international bank paper fraudster, terrorist or spy.
The initial list of Philippines Phantom alias names grew as additional nefarious characters - believed to be his comrades - began using his alias names plus other alias names too so, the most current list of Philippines Phantom alias names, are ( immediately below ):
Wilfredo Sarabia Saurin (also known as)
Wilfred Saurin (aka)
Datu G.L. (aka)
Wilfredo S. Ramos (aka)
William Morales (aka)
William V. Morales (aka)
Joseph E.S. Daraman Jr. (aka)
Joseph Eutiquio Severino Daraman Jr. (aka)
Joseph Daraman (aka)
Joseph Teo Hui Kiat (aka)
Johannes Riyad (aka)
Yohannes Riyadi (aka)
Saroeun Soush (aka)
Wilfredo Serion (aka)
Dr. Saroeun (aka)
Soush Saroeun
Keeping track of the alias name list ( above ) for the Philippines Phantom provided leads to research legacy information, most of which disappeared long ago, but that information along with more from the Unwanted Publicity Information Group made this report possible along with the information now available ( immediately below ) in chronological order:
- - - -
[ In RE: ( alias ) William Morales ( immediately below ) ]
Courtesy: Unwanted Publicity Information Group
BANGKOK POST ( Bangkok, Thailand )
Fifth ( 5th ) Arrest In Bond Scam, Gang On The Run
Payab Explains His Role In Police Sting
by, Anucha Charoenpo and Wassayos Ngarmkham
April 21, 2001
THAILAND, Bangkok - A fifth ( 5th ) person [ William Morales ] has been arrested and charged with the multi-billion dollar U.S. bond fraud while other gang members are believed on the run but still in Thailand. A special law enforcement task force was formed to capture them.
William Morales, a Filipino, was taken into custody on Thursday night at the Town In Town Hotel located on Rama IX Road ( Bangkok, Thailand ).
Four ( 4 ) others were arrested earlier on Thursday:
Jacqueline Enriquez ( 29 ) - PHILIPPINES;
Robert Ng ( 43 ) - PHILIPPINES;
Tan Ho Chee ( 40 ) - SINGAPORE; and,
Chai-aree Santiwongchai ( son of a local Chinese language newspaper tycoon ).
They were charged with fraud and falsification after allegedly trying to sell fake United States bonds - dated 1934 - with a face value of $24,700,000,000 ( USD ) billion.
Chai-aree Santiwongchai was additionally charged after a lawyer for a leasing company complained he had issued a bad check for 4,500,000 million baht to his client.
The counterfeit bonds were brought into the country 7-months ago and put in a deposit box at DEUTSCHE BANK ( Bangkok, Thailand ) in the name of Mr. Chai-aree SantiWongChai.
Payab Shinawatra, brother of the Thailand Prime Minister, said yesterday he had been asked by a friend who believed the bonds were authentic to seek his brother's help to redeem them in the United States. 'The friend who approached him' was 'not among the five ( 5 ) arrested suspects', and had 'helped arrange' for 'him to meet' the people who had the bonds.
Mr. Payab Shinawatra said he informed the Prime Minister he had been approached, and later contacted crime suppression police, who began an investigation.
The sellers had changed their mind on seeing him, prompting him to inform the police.
Police searched the house of Chai-aree Santiwongchai in Lat Phrao soi 1 for a second ( 2nd ) time Thursday night and said they found more bonds, believed to be counterfeit, pictures and related documents stuffed in a steel box bearing the U.S. seal.
Deputy National Police Chief Pol Gen Sant Sarutanont said task force members would be sent to Provinces where the remaining gang members are believed to be still in hiding.
About 3-years ago some foreigners arrived in Thailand using Thai citizens as intermediaries to attempt selling ( to gullible people ) fake U.S. bonds by claiming they 'legally inherited' them. Prospective victims were shown a document purporting to be a Court Order confirming that the sellers could execute sale of those U.S. bonds.
Deputy National Police Chief Pol Gen Sant Sarutanont said, "On April 10, 2001 the gang tried to sell 70 bonds - each valued at $10,000,000 ( USD ) million - to a Thailand customer who sent him pictures of the bonds. The U.S. American Embassy ( Bangkok, Thailand ) declared them fakes.
Police are still investigating whether the gang had anything to do with the U.S. bonds Senator Chaowarin Latthasaksiri claimed to have recovered from Lijia cave in Kanchanaburi. Senator Chaowarin Latthasaksiri said they were part of a treasure left by Japan troops during World War II.
- - - -
[ In RE: ( alias ) William Morales ( immediately below ) ]
Courtesy: Unwanted Publicity Information Group
Source: BANGKOK POST ( Bangkok, Thailand )
Police Quandary Over Charges
Bonds Not Issued, So Fakes Not Counterfeit
by, Wassayos Ngarmkham
April 21, 2001
THAILAND, Bangkok - The investigation into the counterfeit U.S. bonds case took a bizarre twist yesterday when investigators conceded they might not be able to take legal action against any of the five suspects they have arrested.
Bangkok police Crime Suppression Division ( CSD ) sources said the five ( 5 ), who have been under police detention since late last month, have been charged with forgery and fraud.
The sources said a 'legal technicality prevents police from proceeding with the case'.
Investigators were unable to define the bonds, carrying the face value of $24,700,000,000 ( USD ) billion, as a counterfeit product. U.S. officials who were questioned as witnesses had told the CSD the U.S. government 'had never printed bonds of that type', which by legal interpretation, meant the documents 'could not be considered forged'. "This means that we cannot charge them with forgery because they did not do anything which is considered an offence," one of the sources said. He said the investigators had also charged the five ( 5 ) suspects with public fraud, but this could not proceed either since 'no damaged party had lodged a complaint against the suspects'. "There are concerns among the officers involved that they could be sued by the five ( 5 ) suspects if they cannot find legal justifications for the arrest."
William Morales, Jacqueline Enriquez ( 29 ) and Robert Ng ( 43 ) of the Philippines, and Tan Ho Chee ( 40 ) of Singapore and Chai-aree Santiwongchai ( son of a local Chinese-language newspaper tycoon ) were arrested late last month in a sting operation after it was alleged they possessed fake U.S. bonds.
The arrests came in the wake of a claim by Ratchaburi senator Chaowarin Latthasaksiri that a fortune in U.S. bonds was among treasure left inside a cave in Kanchanaburi province by Japan troops after World War II. It later turned out to be a hoax.
The five ( 5 ) suspects are being detained at the Bangkok Special Prison pending the outcome of the investigation.
The CSD will need the public prosecution endorsement if the five ( 5 ) are to be tried in court.
- - - -
[ In RE: FREE VIETNAM REVOLUTIONARY GROUP ( FVRG ), GOVERNMENT OF FREE VIET NAM ( GFVN ), Tony Nguyen, Ray Dam, et al. ( immediately below ) ]
Courtesy: Unwanted Publicity Information Group
Source: KYODO NEWS INTERNATIONAL ( Japan )
Asian Economic News
Japanese, Vietnamese Alleged Terrorists Charged
September 3, 2001
PHILIPPINES, Manila - Philippine immigration and police authorities filed criminal charges Monday against a Japanese man and two ( 2 ) Vietnamese men in connection with an alleged plan to bomb the Viet Nam Embassy in Manila.
Makoto Ito and the two ( 2 ) Vietnamese men - Vo Van Duc (aka) Nguyen Vinh Tan ( 41 ), a Vietnamese U.S. citizen, and Huyn Thuan Ngoc ( 42 ), a Vietnamese Switzerland citizen - were charged with violating immigration laws and illegal possession of explosives.
Immigration Commissioner Andrea Domingo told reporters that aside from overstaying in the Philippines, the three ( 3 ) alleged terrorists were also charged for the non-bailable offense of trying to overthrow an established government ( Viet Nam ).
Another suspect, Florinda Estrada-Valderama, a Filipina who allegedly owns the townhouse in San Juan, Manila Metro where the three ( 3 ) suspects were arrested Thursday, has been summoned for police questioning.
Officials indicate that the two ( 2 ) Vietnamese suspects are members of the GOVERNMENT OF FREE VIET NAM ( GFVN ), the political action arm of the militarized underground FREE VIETNAM REVOLUTIONARY GROUP ( FVRG ), that aims to free Viet Nam from communist rule military action .
Japanese suspect Makoto Ito ( 62 ) declared his innocence telling Japan media he, was a retired hotel employee seeking financial ventures in Manila, had met the two ( 2 ) other Vietnamese suspects through another acquaintance - Vietnamese U.S. citizen "Tony" - and was sharing an accommodation with them to save on rent.
[ UPI NOTE: The organization GOVERNMENT OF FREE VIET NAM ( USA ) chairman, Nguyen Huu Chanh, was already in hiding during the time period of these arrests in the Philippines, however he arranged for the aforementioned man "Tony" (aka) Tony Nguyen to become Acting Chairman of the GOVERNMENT OF FREE VIET NAM ( GFVN ) in Garden Grove, California, USA. ]
Makoto Ito said that just like him, his acquaintance [ Tony Nguyen ] was seeking financial opportunities in the Philippines, and that he [ Tony Nguyen ] even showed him [ Makoto Ito ] a photo - of himself [ Tony Nguyen ] standing with former United States of America President William J. Clinton - amongst other photos presented during the press conference.
Makoto Ito - whom immigration and police surveillance showed was with the two ( 2 ) Vietnamese in three ( 3 ) houses they occupied in Metro Manila - is believed to be a financier of the group. Ito said he had been doing a survey for a subway project and researching on possible investment opportunities in a gyro-plane assembly plant when he was arrested along with the other two ( 2 ) suspects. "I'm a former hotel employee. I'm not a terrorist. It's a mistaken arrest," Ito told Japan reporters in an interview.
Earlier Monday, Makoto Ito wept and cowered from cameras when he and the two ( 2 ) Vietnamese men were presented before a press conference at Philippine National Police headquarters. Bomb materials, computers, books, and photos seized from the three ( 3 ) houses occupied by the suspects were also put on display to the media.
The GOVERNMENT OF FREE VIET NAM ( USA ) leader, Nguyen Huu Chanh, is believed to be in hiding and the subject of a manhunt in the Philippines.
In a FAX statement obtained by police, Nguyen H. Chanh admitted the Philippines arrested two ( 2 ) Vietnamese members of the GOVERNMENT OF FREE VIET NAM ( GFVN ) but said the GOVERNMENT OF FREE VIET NAM ( GFVN ) is not a terrorist organization and has no affiliation with the FREE VIETNAM REVOLUTIONARY GROUP ( FVRG ). The statement further read that the GOVERNMENT OF FREE VIET NAM ( GFVN ) is a worldwide organization engaged in liberating Vietnam from communist rule "by any possible means which are NOT against humanity," and went on to say, "GFVN is NOT a terrorist organization. We have never been intended, and never will, [ edited-out by Philippines newspaper ] carry out any terrorist acts," adding that the alleged explosive devices - seized from houses occupied by the three ( 3 ) suspects - "are our technical material which have been used solely in research for possible upcoming operations in Viet Nam."
The Viet Nam Embassy said that Vietnamese U.S. citizen Vo Van Duc (aka) Nguyen Vinh Tan is also wanted in connection with the Vietnam Embassy bomb scare on June 19, 2001 in Bangkok, Thailand.
Nguyen Huu Chanh, leader of the GOVERNMENT OF FREE VIET NAM ( California, USA ), said the Vietnamese U.S. citizen Vo Van Duc (aka) Nguyen Vinh Tan was continuously residing uninterupted in the Philippines since February 21, 2001 and therefore cannot be the same man Bangkok, Thailand police associate with the later Viet Nam Embassy bomb scare on June 19, 2001.
Reference
- - - -
[ In RE: GOVERNMENT OF FREE VIET NAM ( GFVN ), GFVN Gold Bullion Reserve Certificates, Tony Nguyen, Ray Dam, et al. ( immediately below ) ]
Courtesy: Unwanted Publicity Information Group
Source: THE DILIGIZER BOARD
Subject: Ray C. Dam
Posted By: dinque2121 - Registered User
Posted At: January 12, 2003 / 2:36 a.m.
Whisper, he does travel occasionally. I met him some years ago in Bangkok. At the time he had some of the "Infamous" Soekarno and Marcos GB Certificates.
At the time he was actively involved with Tony Nyugen ( General Secretary of the Government of Free Viet Nam ) and Fred Kirkpatrick, a so-called 5 star General and former Senator from Illinois ( more lies ).
Their stated objectives was to use the Certificates to raise funds for the Government of Free Viet Nam. Tony Nyugen claimed he was going to be the next PM of Vietnam once they had freed Vietnam from Communism. Tony Nyugen's organisation operates out of California and is still sctive.
Also involved was Gary Pierce - possibly "Pearce" - (aka) Gary Poindexter and Cheryl Poindexter of C.S.I. AG, a company that claimed to hold billions of gold reserves in Chile.
They issued Government of Free Vietnam Gold Bullion Reserve Certificates and sold many of them in the Far East. Of course, try to call on them at due date and what have you got, NOTHING. Even the officers have disappeared from the addresses given.
The whole group of these people also printed their own Government of Free Viet Nam currency ( money ) and was selling it to niave Vietnamese on the basis that when they come to power in Vietnam, the money would be full legal tender and they could then claim or use it.
All a very big SCAM with very devious people / parties behind it.
Ray Dam talks well and certainly has education, which is more than I can say for all the others, however WHAT A CROCK.
I just wasted a bit of time. I did not become involved.....fortunately.
Reference
- - - -
[ In RE: ( alias ) William Morales (aka) Wilfredo S. Saurin, et al. ( immediately below ) ]
Courtesy: Unwanted Publicity Information Group
Source: THE DILIGIZER BOARD
Subject: Wilfredo S. Saurin - W. Tommasi & Associates - INFO
Posted By: buejay - Registered User
Posted At: June 11, 2003 / 11:45 a.m.
Willaim Morales ( not his real name ) resides in Bangkok Thailand. His real name is Mr. Wilfredo S. Saurin [ Philippines Passport ZZ065974 ] who works with the following group of companies and related associates ( below ):
Company Information:
W. TOMMASI & ASSOCIATES
7 Talbot Square
Paddington
London W2 1TS
UNITED KINGDOM
AND,
W. TOMMASI & ASSOCIATES
Tavistock Square
London WC1H 9EU
UNITED KINGDOM
TEL: +44 7050 655350 begin_of_the_skype_highlighting +44 7050 655350 end_of_the_skype_highlighting
CELL: +39 338 1771 298 begin_of_the_skype_highlighting +39 338 1771 298 end_of_the_skype_highlighting
FAX: +44 7050 655351
FAX: +39 06 233-238-242
E-MAIL: wtassociates@virgillio.it
E-MAIL: wtassociates2@tiscali.it
E-MAIL: ufs@.uk
Company Information:
UNITED FINANCIAL SERVICES UK
Tavistock Square
London WC1H 9EU
UK
Tel: +44 7050 655350 begin_of_the_skype_highlighting +44 7050 655350 end_of_the_skype_highlighting
Cell: +39 338 1771 298 begin_of_the_skype_highlighting +39 338 1771 298 end_of_the_skype_highlighting
Fax: +44 7050 655351 or +39 06 233-238-242 begin_of_the_skype_highlighting +39 06 233-238-242 end_of_the_skype_highlighting
CONTACT: Water Tommasi [ Italy passport: 3121442 ] ( President )
Attorney-in-Fact ( Thailand ):
Wilfredo S. Saurin [ Philippine passport: ZZ065974 ]
Calixto R. Soliven [ Philippine passport: EE 458667 ]
65 / 1 Sunstar Complex, 10-A
Soi 2 Sukhumvit Rd.
Bangkok 10110
THAILAND
TEL: +66 9 449-1965 begin_of_the_skype_highlighting +66 9 449-1965 end_of_the_skype_highlighting
TEL: +66 9 615-1744 begin_of_the_skype_highlighting +66 9 615-1744 end_of_the_skype_highlighting
TEL / FAX: +66 2 253-4805
TEL: +65 90 267-449 begin_of_the_skype_highlighting +65 90 267-449 end_of_the_skype_highlighting ( SINGAPORE )
E-MAIL: w_saurin@
E-MAIL: wilfred_saurin@
CONTACT: Wilfred Saurin
Business Information:
- Promoting as Registered Investment Counsel / Portfolio Managers
- Manager Bank Investment of Funds
- Manager of Individual and Institutional Clients
- Registered with the Securities and Exchange Commissions as an Investment
- Advisor Manager of European Union ( EU ) based Institutional and Individual Clients
Company Information:
THE S.I.F. GROUP (aka)
SIF GROUP INTERNATIONAL (aka)
SIF INVEST UK (aka)
S.I.F. SOLID INVESTMENTS & FINANCE LTD. [ Companies Registry. No.: 2635226 ( Cardiff- UK ) ]
1 Riverside House
Heron Way
Truru
Cornwall TR1 2XN
UNITED KINGDOM
TEL: +44 187-222-5491 begin_of_the_skype_highlighting +44 187-222-5491 end_of_the_skype_highlighting
TEL: +30 93-840-4066
TEL: +30 93 631-4409
TEL: +30 9 447-9667
FAX: +44 187 226-0150
FAX: +44 187 226-1338
FAX: +30 10 523-9527
E-MAIL: sifgroupinternational@
E-MAIL: sifinvestuk@
E-MAIL: fred@ [ Fred Kirkpatrick ]
CONTACT: Dr. Jerome Redcliff Theotokas ( President )
Company Staff:
Fred Pettit ( UNITED KINGDOM )
Caroline Harris ( FRANCE )
Jerome Ivan Tocardo ( SWITZERLAND )
Gerard Thibault ( SWITZERLAND )
Bruno Marchisio ( FRANCE )
Dino Van der Zand ( THE NETHERLANDS / Dutch )
BT INVESTMENT GROUP INC. ( Bankers Trust )
1401 Kingsbridge Drive, Suite A
Garland, Texas, 75044
USA
TEL: +1 (281) 589-2721 begin_of_the_skype_highlighting +1 (281) 589-2721 end_of_the_skype_highlighting
TEL: +1 (972) 675-9791 begin_of_the_skype_highlighting +1 (972) 675-9791 end_of_the_skype_highlighting
E-FAX: +1 (208) 498-6158
Mr. Wilfredo S. Saurin, sends out gold offers relating to either gold bullion in Singapore, Hong Kong and Bangkok, none of which exist, and all require the intended buyer to place funds in a bank designated, by Mr. Wilfredo S. Saurin, but due to currency restrictions, etc. the buyer usually ends up with his funds stuck in the designated bank.
William Morales is a no go.
Reference
p067.fdiligizerfrm28.showMessage?topicID=ic&index=3
- - - -
[ In RE: GOVERNMENT OF FREE VIET NAM (aka) GFVN, Tony Nguyen, GFVN Gold Bullion Reserve Certificates, THE OFFICE OF INTERNATIONAL TREASURY CONTROL, Keith Francis Scott, Ray Chhat Dam, CHEA DAM GROUP OF COMPANIES, Wilfredo S. Saurin, et al. ( immediately below ) ]
Courtesy: Unwanted Publicity Information Group
Source: THE DILIGIZER BOARD
Subject: Ray C. Dam or Diem C. Ray - GFVN Intelligence
Posted By: OI I2I - Registered User
Posted At: March 15, 2005 / 2:06 p.m.
GFVN is an international organization with its headquarters based in Garden Grove, California ( USA ), Cambodia, Australia, Germany and elsewhere around the world.
GOVERNMENT OF FREE VIET NAM ( GFVN ) - USA
12755 Brookhurst Street, Suite 104
Garden Grove, California 92840
USA
TEL: +1 (714) 636-9514 begin_of_the_skype_highlighting +1 (714) 636-9514 end_of_the_skype_highlighting
FAX: +1 (714) 636-9513
WWW:
The Australia government in 2002 was seen in informal meetings with the GFVN, which established offices there.
Reference
The Kingdom of Cambodia was seen doing the same.
Reference
In the past, the GOVERNMENT OF FREE VIET NAM ( GFVN ) was eyed differently by other countries, except Cambodia, Thailand, and The Philippines that saw the GOVERNMENT OF FREE VIET NAM ( GFVN ) organization in Garden Grove, California, USA as the political action arm of international terrorists secretly supported by aligned nations with the U.S. and covert financing coup based assassinations designed to overthrow the Viet Nam government administration.
GOVERNMENT OF FREE VIET NAM ( GFVN ) is regarded as an "Asian revolutionary government" gaining political support from a few Western ( USA ) aligned nations, however GFVN is not officially recognized with any distinct foreign policies concerning it.
Reference
Alexander Mann (aka) Alex Mann ( UK ), an international bank paper fraudster ( who was then in Bangkok, Thailand ), linked himself to an Orange County, California ( USA ) man nicknamed "Tony Nguyen" and carrying the title of "General Secretary" of the "GOVERNMENT OF FREE VIET NAM" (aka) GFVN.
GFVN's Tony Nguyen and Alexander Mann used an entity named CSI AG - operated by a man named Gary Pierce ( possibly "Pearce" aka Gary Poindexter ) and Cheryl Poindexter - that claimed gold reserve holdings in Chile as well as arranging for bullion assets of the now-late former Indonesia Premier Ir. Soekarno estate through a Dr. Kalim ( Switzerland ) who held joint signatory powers along with the now-late Dr. Edison Damanik ( Indonesia ) of the PT GALAXY INDONESIA TRUST holding bank paper certificates of depost ( CD ) and bank guantarees ( BG ) from UNION BANK OF SWITZERLAND ( UBS AG ) gold and platinum bullion accounts supposedly mentioned in the Last Will and Testament of the now-late former Indonesia President Ir. Soekarno.
In the interest of GOVERNMENT OF FREE VIET NAM ( GFVN ) soldiers of fortune Tony Nguyen and Alexander Mann, CSI AG issued "Government of Free Viet Nam Gold Reserve Certificates" - supposedly to be sold in the Far East ( China ) - as a means to develop covert financial injection capital that would support clandestine GOVERNMENT OF FREE VIET NAM ( GFVN ) soldier of fortune missions.
The GOVERNMENT OF FREE VIET NAM ( GFVN ) earmarked Tony Nguyen as next Prime Minister of Viet Nam once Viet Nam was free of communist leadership, which was supported by the U.S. Central Intelligence Agency ( CIA ).
Reports indicated key members of the GOVERNMENT OF FREE VIET NAM ( GFVN ) were in Bangkok, Thailand however intelligence proved they were near the Cambodia border Phnom Chhat mountains where Diem Chhat Ray (aka) "His Excellency Dr. Ray Chhat Dam, MJC, PhD" later claimed to be the Advisor for Khymer Senate Chief Samdech Chea Sim who on March 2005 left Cambodia under a heavy contingent of security and was reportedly taken to China for 'medical reasons', however intelligence believed an imminent coup based assassination attempt was what forced his temporary un-seating as Chief of the Khymer Senate.
Reference
Ray Chhat Dam (aka) Ray C. Dam (aka) Diem Chhat Ray (aka) Diem C. Ray claimed to be Chairman of the Board, for:
- CHEA DAM GROUP OF COMPANIES ( CDG ) [ ................
................
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