Money Laundering $15 trillion: UK lords; US banksters; CIA; and THE GOD

Money Laundering $15 trillion: UK lords: US banksters: CIA; and THE GOD

…. an ongoing investigation …..

Is this scam an example of…

“terrorist money laundering” ?

Heh, we are not saying any of this is true just something to search and investigate… for it is alleged that …..

Quick Excerpt

…. Speaking to a handful of his peers in the House of Lords on February 16th, [2012] Blackheath called for an investigation in to three alleged financial transactions of $5 Trillion each, with fraudulent backing of 750,000 metric tonnes of gold, an impossibility since that amount of gold has never been mined. The purported operation began in April and May 2009, with three transfers of $5 trillion to UK bank HSBC. This was then passed on to the Royal Bank of Scotland, which taxpayers were forced to bailout only a few months later following the financial collapse…..

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By the way , try searching this phrase

Lord James of Blackheath speech in UK Parliament February 16 2012

or some similar combination in the “news” category of search engines and you will see a total News Blackout of this official Feb 16, 2012 UK “House of Lords” speech and that alone should tell you something BIG happened, is happening and will happen, ,,,, gotta dig deeper folks ,,,

… as the Chinese say ‘may you live in interesting times’

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Allah the Almighty and Majestic said:

اسْتِكْبَارًا فِي الْأَرْضِ وَمَكْرَ السَّيِّئِ وَلا يَحِيْقُ المَكْرُ السَّيِّئُ إلا بَأَهْلِه

فَهَلْ يَنْظُرُونَ إِلَّا سُنَّتَ الْأَوَّلِينَ فَلَنْ تَجِدَ لِسُنَّتِ اللَّهِ تَبْدِيلًا وَلَنْ تَجِدَ لِسُنَّتِ اللَّهِ تَحْوِيلًا

فاطر: 42

and

‏وَيَمْكُرُونَ وَيَمْكُرُ اللَّهُ وَاللَّهُ خَيْرُ الْمَاكِرِينَ‏   -‏ ‏[‏سورة الأنفال‏:‏ آية 30‏]‏

The Above Statements of Allah in the Quran are often taken out of context about the Absolutely Most Beautiful, Most Perfect Attributes of Allah, the Almighty and Majestic one and only God of all humanity and the Supreme Lord Master Sovereign of the Universe, who returns upon those that scheme and plot to commit sin and evil acts against the Revealed Law sent to the Prophets of Allah to the guidance and salvation of man, but … (to be continued iA)

More coming soon iA (THE GOD willing)

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Kaboom!

The sound of bombs and bullets (or drone targeted assassination), financed by borrowed & laundered money [mostly FIAT Fractional Reserve CENTRAL BANK DEBT money], paid back by Tax Payers (real blood, sweat and tears) as Sovereign Debt (in crisis), in peace (relative) and WAR (permanent).

Cast of Characters

House of Lords of United Kingdom

Lord James of Blackheath (self described money “washer not launderer” of IRA ‘troubles”)

Lord Sassoon (of Iraqi, Indian, Opium WAR fame)

Banksters (of US, Euro Zone, and gigantic financial fraud “toxic” assets “too big to fail and jail” fame [too many to name]: think currency trading, “shorting,” derivatives, Credit Default Swaps, and hundreds of trillions)

Federal Reserve (Greenspan and Geitner, and probably Paulson, others)

Yohannes Riyadi, and Wilfredo Saurin (named by NY Federal Reserve as scammers)

Gold (was it 700 tons or much more)

US Presidents Reagan, Bush (papa and baby) and Obama [Nixon, Clinton etc got to be in there somewhere too, along with Kissinger, Brzezinski etc  ]

Evil Empires, Star Wars, Cold Wars, Hot Wars, Small and Big Wars, Perpetual Wars and The Coming War

CIA (were the monies of CIA operative Leo Wanta, US and Russian Mafias, and the Reagan era ruble laundering scheme involved?)

The Vatican (were monies of Masonic Lodge Propaganda Due, or P2 [and sexual scandals] fame, involved?)

The DoD (were the $2.3 TRILLION that Rumsfeld mentioned on 9/10/2001 that went missing from Pentagon, [and never has been accounted for), involved?

Were the QE1 QE2, (quantitative easing) of “Helicopter” Ben Bernanke, and the funds and/or investments relating to the secret meeting between Henry Paulson and hedge-fund chiefs on July 21, 2008, involved ?

Is this related the very first Federal Reserve “audit” that revealed $ 16 trillion in bailout funds to the BIG BANKS, which Senator Bernie Sanders (Independent- Vermont) described as “socialism for the rich…”?

… and on and on… (things to search and investigate)

And a cast of millions and trillions

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Who is UK Lord “Baron” James of Blackheath [see his wiki page HERE ]

Read the official transcript of the “interesting 2012 speech”> HERE (and below) at the

officially recorded   > 

http://www.publications.parliament.uk/pa/ld201212/ldhansrd/text/120216-0002.htm#column_1016

And see on scribd >HERE

SEE the speech delivered by LORD JAMES OF BLACKHEATH, in UK British House of Lords on February 16, 2012 > youtube > HERE

Lord James of Blackheath FOUNDATION X UPDATE February 16 2012

http://www.youtube.com/watch?v=eL5hqvTWkYg

or

ALERT* British Lord names Greenspan and Geitner in $15 Trillion Scam – Calls for Investigation

http://www.youtube.com/watch?v=u5FJJIfGP-M

or so many million other websites

15,OOO,OOO,OOO,OOO FRAUD EXPOSED in UK YouTube

www.youtube.com/watch?v=oAK5xzEYq7INew10 hours ago – 11 min – Uploaded by 91177info
Lord James of Blackheath has spoken in the House of Lords holding evidenc… $15 TRILLION is
www.youtube.com/watch?v=F0e485x1nJgNew3 days ago – 11 min – Uploaded by gonobdotcom
Lord James of Blackheath: My Lords, I hope the minute …

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Lord James of Blackheath UPDATE February 16 2012

Uploaded by on Feb 17, 2012
Lord James of Blackheath, House of Lords February 16 2012

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Archive from http://www.parliamentlive.tv/

House of Lords Thursday 16 February 2012

<script src="http://www.parliamentlive.tv/Embed/js.ashx?10093 460x322"></script>

Blackheath’s comments start at approx. 17:20:00. > HERE

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White Hats Get the Word Out to the House of Lords. This is a video excerpt of a recent speech in the House of Lords by Lord James Blackheath which details the information that he has been given by the white hats… whose blog is here: http://tdarkcabal.blogspot.com/

Uploaded by on Feb 17, 2012

Lord James of Blackheath, House of Lords February 16 2012
Breaking news Lord James of Blackheath has spoken in the House of Lords holding evidence of three transactions of 5 Trillion each and a transaction of 750,000 metric tonnes of gold and has called for an investigation.

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February 23, 2012

Related Articles And Research From The Intel Hub

The White Hats and Lord James of BlackHeath Deliver a Death Blow to The Cabal

Lord James of Blackheath: Mystery 15 Trillion Dollars Transferred to HSBC For Royal

Bank of Scotl …

Trillion Dollar Terror Exposed: Bush, Fed, and European Banks in $15 Trillion Fraud, All Documented

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And, BTW, he is not unknown for controversy for as the

the UK Guardian newspaper reports > HERE
The strange case of Lord James and ‘Foundation X’

http://www.guardian.co.uk/commentisfree/2010/nov/03/strange-case-lord-james-foundation-x

and see UK Daily Mail > HERE

Is this scam an example of…

“terrorist money laundering”?

[heh, watch out for PATRIOT, SOPA PIPA and NDAA all coming stronger in 2012]

SEE a Financial Times report-blog about this in

Urgent sovereign action required

http://ftalphaville.ft.com/blog/2012/02/22/892601/urgent-sovereign-action-required/

and the Daily Ron Paul are on this $15 trillion fraud news > HERE

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SEE the fact that the LAST DAY and END TIMES are upon us as prophesied by the True Prophets of THE GOD > HERE

SEE about THE GOD (in Arabic language “Allah” the Most Merciful) > HERE

SEE some conspiracy analysts, panelists, theorists, realists, idealists > HERE and >HERE and > HERE … and so many to assess and filter out , just search them a bit

… (heh, be patient please … filling in some blanks … maybe later on iA)

SEE official NY Federal Reserve document implicating Yohannes Riyadi, and Wilfredo as scammers in 2012 > HERE

Official title :

Scams Involving High Yield Investment Programs—Often Involving Private Placement Programs/Medium Term Notes February 2012

http://www.ny.frb.org/banking/frscams.html

And on and on searching …. (does it ever end)

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Of course

As the occupy Wall Street movement shows the 99% (or thereabouts) are very angry at the FRAUD of Wall Street, and the London “City” Street, in collusion with Washington (and 10 Downing St), and so many others …

Corporatism means fascism, by definition.  Just seek the history of the word.

This all is big news, and another piece of the puzzle to expose that the economic system is corrupt and slanted to help the rich privileged class, and the corporate “Powers that Be,” and yet … with exposure to the masses, (and Occupy Wall Street movement appears to be masses until it is hijacked or co-opted ), about the horrendous extent of the fraud and harm that the web of debt by Federal Reserve System, Derivatives, and related financial and foreign currency transactions, that is privately owned to profit from us all by taxing us all through interest payments on these DOLLARS and other currencies for the benefit of the too big to fail and jail banksters, ….the house of fraudulent cards is beginning to shake and starting to fall down …

The pressure and momentum needs to be increased to produce and interest-free economy of honest trades, business and commercial activity.

FYI, See

Terrorism by Economic Collapse, debt bondage, money as debt on interest, etc >HERE

http://terrorismbreedsterrorism.wordpress.com/terrorism-topics/terrorism-by-economic-collapse/

Derivatives ‘Mother of All Bubbles’ exploding >HERE

http://inlightofrecentevents.wordpress.com/derivatives-%E2%80%98mother-of-all-bubbles%E2%80%99-exploding/

And

Hedge Hogs; Gold Man’s Sacks; “financial terrorist attacks;” and the Obama sellout: > HERE

https://abusalmandeyauddeeneberle.wordpress.com/hedge-hogs-gold-man%E2%80%99s-sacks-%E2%80%9Cfinancial-terrorist-attacks%E2%80%9D-and-the-obama-sellout/

And

SUPER COMMITTEE BIG BANK ROBBERY and “this sucker” going down > HERE

https://abusalmandeyauddeeneberle.wordpress.com/super-committee-big-bank-robbery-and-%E2%80%9Cthis-sucker%E2%80%9D-going-down/

And

Super rich 1% vs 99 %; Terrorism Cycle: Guillotines: Occupy “ALL” streets >HERE

http://terrorismbreedsterrorism.wordpress.com/super-rich-1-vs-99-terrorism-cycle-guillotines-occupy-all-streets/

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Kaboom…. as Kissinger said if you do not hear the war drums beating you are deaf

See More > HERE

Share, Care, Beware and Prepare

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Is this scam an example of…

“terrorist money laundering”?

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Speech LORD JAMES OF BLACKHEATH, in British House of Lords February 16, 2012: seeks investigation into tens of trillions of dollars in high level fraud

Salam ala man itba’a al huda

Assalaam alaikum

See for yourself an official UK House of Lords speech, of all places, known for its own fraud: it’s even on youtube

http://www.youtube.com/watch?v=eL5hqvTWkYg

http://www.youtube.com/watch?v=u5FJJIfGP-M

FYI (to remain aware as to some of the schemes being concocted concerning currency trading and dollars, and always Allah is the best of planners: THE ALMIGHTY, THE JUST, THE WISE)

Hmm… where will it lead?

Considering the fact that the DoD (Department of Defense i.e. War) [+other insiders] announced on Sept 10 2001 that trillion went missing, [ just search 9/10/2001: Rumsfeld says $2.3 TRILLION Missing from Pentagon] and then the next day, wallah, 9-11901 was orchestrated in order to hide the massive fraud-theft of public taxpayer money, and that it just so happened that the “plane” hit the accounting section of the Pentagon to destroy any and all loose end evidence, what might they do nowadays to hide their tracks of this fraud much more massive, even galactic in scale (fills the economic galaxy)?

What to make of this ongoing amazing investigation of original documentation proving that tens of trillions of dollars is involved in high level fraud and cover-up by multiple US and European Governments and Banks, (plus involvement of the US Federal Reserve, CIA, etc) as presented by LORD JAMES OF BLACKHEATH, in the British House of Lords on February 16, 2012, detailing his search about strange illegal money transfers since 2006.

(Lord James himself has a shady past in the UK (M16, 15) – IRA dealings ,etc etc but that another story [he is self described money washer not launderer as in

http://www.belfasttelegraph.co.uk/news/local-national/northern-ireland/conservative-peer-lord-james-of-blackheath-im-a-money-washer-not-a-money-launderer-14995248.html   ])

See the official UK House of Lords speech for yourself, [and transcript] and keep investigating this one, for the very fact that it has been alleged and entered into the Official Record of UK Parliamentary Proceedings, at this time in 2012 is quite amazing.

Some are saying this is tip of the proverbial iceberg connected to the infamous case of missing funds of the Reagan era CIA operation to crash the Russian ruble, relating to former US President Reagan white House Intelligence Coordinator “Lee Wanta” and the “Ameritrust Corporation.”

AND, note, part of the information includes East Asian (+ Chinese) (+Federal Reserve) monetary efforts to support the dollar from inevitable collapse as Global Reserve Currency.

Having trust in Allah and waging War against Riba (usury-interest) Bankers Banketrs is part of our essential faith and practice, as obligated in the Quran and Sunnah, to free mankind from shackles of the worship of idols (human and fantasy) to the liberty of worship of Allah THE GOD, the one and only God of the Universe

AA

PS
Ongoing investigations ,,,, For More > SEARCH and you will RECEIVE

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SOME NOTES

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Official UK House of Lords February 16, 2012, transcript

http://www.publications.parliament.uk/pa/ld201212/ldhansrd/text/120216-0002.htm#column_1016

 

[blah blah…..

Then …]

 

16 Feb 2012 : Column 1016

5.20 pm

Lord James of Blackheath: My Lords, I hope the minute that that has taken has not come off my time. I do not wish noble Lords to get too encouraged when I start with my conclusions but I will not sit down when I have made them. I will then give the evidence to support them and, I hope, present the reasons why I want support for an official inquiry into the mischief I shall unfold this afternoon. I have been engaged in pursuit of this issue for nearly two years and I am no further forward in getting to the truth.

There are three possible conclusions which may come from it. First, there may have been a massive piece of money-laundering committed by a major Government who should know better. Effectively, it undermined the integrity of a British bank, the Royal Bank of Scotland, in doing so. The second possibility is that a major American department has an agency which has gone rogue on it because it has been wound up and has created a structure out of which it is seeking to get at least €50 billion as a pay-off. The third possibility is that this is an extraordinarily elaborate fraud, which has not been carried out, but which has been prepared to provide a threat to one Government or more if they do not make a pay-off. These three possibilities need an urgent review.

In April and May 2009, the situation started with the alleged transfer of $5 trillion to HSBC in the United Kingdom. Seven days later, another $5 trillion came to HSBC and three weeks later another $5 trillion. A total of $15 trillion is alleged to have been passed into the hands of HSBC for onward transit to the Royal Bank of Scotland. We need to look to where this came from and the history of this money. I have been trying to sort out the sequence by which this money has been created and where it has come from for a long time.

It starts off apparently as the property of Yohannes Riyadi, who has some claims to be considered the richest man in the world. He would be if all the money that was owed to him was paid but I have seen some accounts of his showing that he owns $36 trillion in a bank. It is a ridiculous sum of money. However, $36 trillion would be consistent with the dynasty from which he comes and the fact that it had been effectively the emperors of Indo-China in times gone by. A lot of that money has been taken away from him, with his consent, by the American Treasury over the years for the specific purpose of helping to support the dollar.

Mr Riyadi has sent me a remarkable document dated February 2006 in which the American Government have called him to a meeting with the Federal Reserve Bank of New York, which is neither the Federal Reserve nor a bank. It is a bit like “Celebrity Big Brother”. It has three names to describe it and none of them is true. This astonishing document purports to have been a meeting, which was witnessed by Mr Alan Greenspan, who signed for the Federal Reserve Bank of New York of which he was chairman, as well as chairman of the real Federal Reserve in Washington. It is signed by Mr Timothy Geithner as a witness on behalf of the International Monetary Fund. The IMF sent two witnesses, the other being Mr Yusuke Horiguchi. These gentlemen have signed as witnesses to the effect

16 Feb 2012 : Column 1017

that this deal is a proper deal. There are a lot of other signatures on the document. I do not have a photocopy; I have an original version of the contract.

Under the contract, the American Treasury has apparently got the Federal Reserve Bank of New York to offer to buy out the bonds issued to Mr Riyadi to replace the cash which has been taken from him over the previous 10 years. It is giving him $500 million as a cash payment to buy out worthless bonds. That is all in the agreement and it is very remarkable. Establishing whether I have a correct piece of paper is just two phone calls away-one to Mr Geithner and one to Mr Greenspan, both of whom still prosper and live. They could easily confirm whether they signed it. Mr Riyadi, by passing these bonds over, has also put at the disposal of the US Treasury the entire asset backing which he was alleged to have for the $15 trillion. I have a letter from the Bank of Indonesia which says that the whole thing was a pack of lies. He did not have the 750,000 tonnes of gold which was supposed to be backing it; he had only 700 tonnes. This is a piece of complete fabrication.

Finally, I have a letter from Mr Riyadi himself, who tells me that he was put up to do this, that none of it is true, and that he has been robbed of all his money. I am quite prepared to recognise that one of the possibilities is that Mr Riyadi is himself putting this together as a forgery in order to try to win some recovery. But it gets more complicated than that because each of the $5 trillion payments that came in has been acknowledged and receipted by senior executives at HSBC and again receipted by senior executives at the Royal Bank of Scotland. I have a set of receipts for all of this money. Why would any bank want to file $5 trillion-worth-$15 trillion in total-of receipts if the money did not exist? The money was first said to have come from the Riyadi account to the Federal Reserve Bank of New York and from there it was passed to JP MorganChase in New York for onward transit to London. The means of sending it was a SWIFT note which, if it was genuine, ought to have been registered with the Bank of England.

When this came about, I took it to my noble friend Lord Strathclyde and asked what we should do with it. He said, “Give it to Lord Sassoon. He is the Treasury”. So I did, and my noble friend Lord Sassoon looked at it and said immediately, “This is rubbish. It is far too much money. It would stick out like a sore thumb and you cannot see it in the Royal Bank of Scotland accounts”. He went on to say, “The gold backing it is ridiculous. Only 1,507 tonnes of gold has been mined in the history of the world, so you cannot have 750,000 tonnes”. That is true. The third thing he said was, “It is a scam”, and I agree with him. The problem is that at that point we stopped looking, but we should have asked what the scam was instead of just nodding it off.

We have never resolved it. Today, I have this quite frightening piece of paper, which is my justification for bringing it into this meeting. It is available on the internet and I am astonished that it has not already been unearthed by the Treasury because every alarm bell in the land should be ringing if it has. It is from the general audit office of the Federal Reserve in Washington-the real Federal Reserve-and its audit

16 Feb 2012 : Column 1018

review to the end of July 2010 on the Federal Reserve Bank of New York. It has on it some 20 banks listed to which $16.115 trillion is outstanding in loans. That is the sore thumb that was being looked for by my noble friend Lord Sassoon. But more particularly there are two other interesting things. The first is that Barclays Bank has $868 billion of loan, and the Royal Bank of Scotland has $541 billion, in which case one has to ask a question, because they could have earned back in three weeks their entire indebtedness and could pay off the taxpayers of Britain. Why have they not done so and could we please ask them to put a cheque in the post tonight for the whole $46 billion?

The next thing that is wrong with it is that every bank on this list, without exception, is an MTN-registered bank, which means that they are registered to use medium-term notes to move funds between themselves with an agreed profit-share formula, in which case these banks are investing this money and, most extraordinarily, not a penny of interest does the Federal Bank of New York want paid on that vast amount, $16 trillion. Anyone who knows what the IMF rules are will immediately smell a rat. The IMF has very strict rules for validating dodgy money. There are two ways of doing it. You either pass it through a major central bank like the Bank of England, which apparently refused to touch this, or you put it through an MTN-trading bank, which is then able to use the funds on the overnight European MTN trading market where they can earn between 1 per cent and 2.5 per cent profit per night. The compound interest on that sum is huge. If it is genuine, a vast profit is being made on this money somewhere.

I believe that this is now such an important issue that I have put everything that I have got on the subject on to a 104-megabyte memory thumb. I want the Government to take it all, put it to some suitable investigative bureau and find out the truth of what is going on here, because something is very seriously wrong. Either we have a huge amount of tax uncollected on profits made or we have a vast amount of money festering away in the European banking system which is not real money, in which case we need to take it back. I ask for an investigation and for noble Lords to support my plea.

5.30 pm

Lord Lea of Crondall: My Lords, I am quite happy to believe everything that the noble Lord, Lord James of Blackheath, has said. I will be very disappointed if the noble Lord, Lord Pearson of Rannoch, is unable to explain how this is all a conspiracy by Brussels. Will the Minister confirm that if you want to buy up the whole world you need a quadrillion? That is the latest figure.

This debate began with a presumption that what happened on 9 December was something of a mystery. It remains a mystery. In answer to the question posed by the noble Lord, Lord Kerr, as to why we walked away on that fateful night, I can only assume, because no other explanation has been offered, that in the middle of the night David Cameron’s phone was being hacked into by Rupert Murdoch

http://www.publications.parliament.uk/pa/ld201212/ldhansrd/text/120216-0002.htm#column_1016

Have You Heard About The 16 Trillion Dollar Bailout The Federal Reserve Handed To The Too Big To Fail Banks?

http://theeconomiccollapseblog.com/archives/have-you-heard-about-the-16-trillion-dollar-bailout-the-federal-reserve-handed-to-the-too-big-to-fail-banks

SEE

The secret meeting between Henry Paulson and hedge-fund chiefs > HERE

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Urgent sovereign action required

Posted by Paul Murphy on Feb 22 16:27.

No, not sovereign debt or something even vaguely related. We’re talking here about input from Her Majesty The Queen.

Consider Lord James of Blackheath, speaking in the House of Lords last week…

Now, if you are too time-pressed to watch the video, the story in a line or so is that Lord James has happened across a chap called Yohannes Riyadi, who is/was the richest man in the world with $36 trillion dollars and now he may or may not have been ripped off by HSBC and RBS and the Fed and JP Morgan Chase and the IMF and even FT Alphaville, maybe.

But watch the vid.  It’s priceless.

Now, if you conduct some deep dive research, like typing “Yohannes Riyadi” into Google, you find this on the website of the New York Fed:

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.

But if you needed to do that deep dive research, you shouldn’t be reading this website. BECAUSE YOU WOULD HAVE KNOWN INSTINCTIVELY THAT THE “MAN WORTH $36 TRILLION” DOESN’T EXIST.

We’d like to think this was just a Pastorini moment for David James. He was, after all, a fearsomely effective company doctor in his prime.

But James’ prime time is now past. Before Xmas he was claiming to have got Lord Sassoon of the Treasury hooked up with something called Foundation X, which was going to pay off a good lump of HM Debt.

We wish…

So we’ve checked with the authorities. James can only be removed from the House of Lords by an Act of Parliament or on the Orders of Her Majesty. The last time that happened was the back end of WWI, when certain Peers of the Realm thought it might be fun to side with the Germans.

Apparently, in modern times, when a member’s mental facilities fade, it is much more common for family members to convince the afflicted peer to take a permanent leave of absence from the House.

Failing that, urgent sovereign action is now required.

This entry was posted by Paul Murphy on Wednesday, February 22nd, 2012 at 16:27 and is filed under Capital markets. Tagged with edward pastorini, House of Lords, Lord James.

http://ftalphaville.ft.com/blog/2012/02/22/892601/urgent-sovereign-action-required/

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The first Federal Reserve audit that revealed $ 16 trillion in funds to the BIG BANKS which Senator Bernie Sanders (Independent- Vermont) described as “socialism for the rich”?

http://www.sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3

The Fed Audit

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July 21, 2011

The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression. An amendment by Sen. Bernie Sanders to the Wall Street reform law passed one year ago this week directed the Government Accountability Office to conduct the study. “As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world,” said Sanders. “This is a clear case of socialism for the rich and rugged, you’re-on-your-own individualism for everyone else.”

Among the investigation’s key findings is that the Fed unilaterally provided trillions of dollars in financial assistance to foreign banks and corporations from South Korea to Scotland, according to the GAO report. “No agency of the United States government should be allowed to bailout a foreign bank or corporation without the direct approval of Congress and the president,” Sanders said.

The non-partisan, investigative arm of Congress also determined that the Fed lacks a comprehensive system to deal with conflicts of interest, despite the serious potential for abuse.  In fact, according to the report, the Fed provided conflict of interest waivers to employees and private contractors so they could keep investments in the same financial institutions and corporations that were given emergency loans.

For example, the CEO of JP Morgan Chase served on the New York Fed’s board of directors at the same time that his bank received more than $390 billion in financial assistance from the Fed.  Moreover, JP Morgan Chase served as one of the clearing banks for the Fed’s emergency lending programs.

In another disturbing finding, the GAO said that on Sept. 19, 2008, William Dudley, who is now the New York Fed president, was granted a waiver to let him keep investments in AIG and General Electric at the same time AIG and GE were given bailout funds.  One reason the Fed did not make Dudley sell his holdings, according to the audit, was that it might have created the appearance of a conflict of interest.

To Sanders, the conclusion is simple. “No one who works for a firm receiving direct financial assistance from the Fed should be allowed to sit on the Fed’s board of directors or be employed by the Fed,” he said.

The investigation also revealed that the Fed outsourced most of its emergency lending programs to private contractors, many of which also were recipients of extremely low-interest and then-secret loans.

The Fed outsourced virtually all of the operations of their emergency lending programs to private contractors like JP Morgan Chase, Morgan Stanley, and Wells Fargo.  The same firms also received trillions of dollars in Fed loans at near-zero interest rates. Altogether some two-thirds of the contracts that the Fed awarded to manage its emergency lending programs were no-bid contracts. Morgan Stanley was given the largest no-bid contract worth $108.4 million to help manage the Fed bailout of AIG.

A more detailed GAO investigation into potential conflicts of interest at the Fed is due on Oct. 18, but Sanders said one thing already is abundantly clear. “The Federal Reserve must be reformed to serve the needs of working families, not just CEOs on Wall Street.”

To read the GAO report, click here.

Fed Audit

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SIDE ISSUE Hmm,,,,

Remember what John Perkins said in

“Confessions of an Economic Hit Man”

a book written and published by John Perkins in 2004.

SEE about the book  > HERE  & HERE

QUOTE:
Economic hit men (EHMs) are highly paid professionals who cheat countries around the globe out of trillions of dollars. They funnel money from the World Bank, the U.S. Agency for International Development (USAID), and other foreign “aid” organizations into the coffers of huge corporations and the pockets of a few wealthy families who control the planet’s natural resources. Their tools include fraudulent financial reports, rigged elections, payoffs, extortion, sex, and murder. They play a game as old as empire, but one that has taken on new and terrifying dimensions during this time of globalization. I should know; I was an EHM.
END QUOTE

See his understanding about the connection to Sept 11, 2001 -(911)

Interview – Confessions of an Economic Hit Man – Part I > HERE

[hmm… mentions indigenous people… and maybe you remember agent orange, Vietnam and Laos , and the Vietnam Montagnard tribe and Laos Meo tribe and the way they exploited by CIA in counterinsurgency until they were …obliterated… (but not by Operation Phoenix Operation [covert targeted assassination program]).

Mentions that he was seduced by sex, money, power …mentions recycling of petrodollars and oil control after “deal” by Kissinger and KSA (Kingdom of Saudi Arabia) … mentions PAPA and BABY Bush and exclusive Bahrain oil drilling rights in exclusive deal … other deals ….  “interesting times”

And more recent see about EXTREME REVOLUTION
John Perkins, former Economic Hitman, about 2012 (2/4). HERE

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SEE

HERE

HERE

HERE

HERE and EVERYWHERE

Of course you can’t see everywhere and ya’ll got daily business to attend to….

And it’s better to focus on home issues, community issues, and repenting to THE GOD and your personal salvation and your family and close friends who we can trust …

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