 |
| The Baring Crisis ranks as the most serious 19th Century Sovereign Debt Crisis |
Click here for GB Parliament Transcript
Recent testimony in Parliament by a British Peer indicated that the "bogus bond" issue has considerably more depth than we thought.
[Notably, both the story and Lord James have now come under ridicule and attack since his disclosures; reportedly, there are attempts to declare him mentally unbalanced and to commit him to a mental institution. Given Lord James' extraordinary business and financial credentials, we'll take him at his word -- and presume he is sane and fully cognizant of how a money laundering scheme works.]
Recent testimony in Parliament by a British Peer indicated that the "bogus bond" issue has considerably more depth than we thought.
[Notably, both the story and Lord James have now come under ridicule and attack since his disclosures; reportedly, there are attempts to declare him mentally unbalanced and to commit him to a mental institution. Given Lord James' extraordinary business and financial credentials, we'll take him at his word -- and presume he is sane and fully cognizant of how a money laundering scheme works.]
It seems Lord James of Blackheath, a financier credited with an astute eye for monitoring financial fraud, was provided the records from about 20 banks in which are documented transfers of $15 Trillion in US Federal Reserve Bank assets -- in three movements of $5 Trillion each in 2009, with earlier such transfers tracked by documents signed by Timothy Geithner and Alan Greenspan. Lord James captured all the documentation in digital form and provided it to British authorities for further investigation.
[Ed Note: (11/21/2022)] Geithner was a classmate of 0bama in Indonesia and, after leaving the US Government, formed a partnership to advise China on it's finances. Notably, Geithner's transfer of $15 Trillion to China more than doubled China's GDP in little over a year - unheard of in Economic History; Geithner, as NY Fed President, previously organized the Wall Street bailout in 2008 by creating Maiden Lane LLC, using NY Fed funds to buy Bear Stearns assets worth $30 Billion for $1.49 Billion - perhaps one of the largest scams in the history of they US financial system ]
This is our interpretation of Lord James' disclosure. We'll be happy to make corrections if Messrs Geithner and Bernanke will provide us with documentation of the paper trail of the $16.2 Trillion that just sort of "showed up."
This is our interpretation of Lord James' disclosure. We'll be happy to make corrections if Messrs Geithner and Bernanke will provide us with documentation of the paper trail of the $16.2 Trillion that just sort of "showed up."
 |
Yohannes
Riyadi
[aka: Wilfredo Saurin + 11 more] |
The point of origin and cover for the transfer was through the accounts and asset transfers of Yohannes Riyadi of Indonesia, reputedly the richest man in the world. Mr. Riyadi's assets reportedly include 700 tons of gold [market value: $42 Billion].
Riyadi is is reportedly descended from the dynasties of Indo-China; his wealth has been estimated as much as $40 Trillion in liquid assets.
Looks like Riyadi's time under the radar is finished.
Riyadi is is reportedly descended from the dynasties of Indo-China; his wealth has been estimated as much as $40 Trillion in liquid assets.
Looks like Riyadi's time under the radar is finished.
[You may remember the linkage to Indonesia of Messrs Obama and Geithner, and Mr Geithner's direct linkage to China -- including two years studying Mandarin at Peking University and Beijing Normal University.]
 |
| NY Federal Reserve Bank |
The New York Federal Reserve Bank, of which Timothy Geithner was then President - and later appointed Secretary of the Treasury by 0bama, reportedly provided Mr. Riyadi cash payments amounting to about $500 million for bonds which were earlier declared worthless.
In exchange for this payment, Mr. Riyadi's account then became the official conduit to the New York Federal Reserve Bank, and the transfers of $5 Trillion each were attributed to Mr. Riyadi's account as the point of origin. Since Mr. Riyadi is listed as the richest man in the world, such transfers, though highly unusual, could be rationalized – though not unnoticed by international banking officials.
According to Lord James, The NY Fed then transferred bonds and cash to JP Morgan Chase, which arranged onward transit via a SWIFT [Society for Worldwide Interbank Financial Telecommunication] note to HSBC [Hong Kong and Shanghai Banking Corporation] China's largest bank, and the fourth largest bank in the world – which created receipts for the the cash and bonds, which were then transferred to RBS [the Royal Bank of Scotland] for further distribution to 18 other banks.
The rationale for all this subterfuge was to create a paper trail to obfuscate monitoring by such entities as the IMF and the US Treasury Department, which has fairly rigid rules and tracks such money transfer instruments. [Notabley, Geithner was appointed as the US Secretary of the Treasury - thus, no US investigation ensued. Geithner is currently a Financial Advisor to China].
Were it not for the IMF, the easiest and most direct way to have conducted this complex transaction would have been a direct transfer from the US Fed to the Bank of England -- but, the Old Lady of Threadneedle Street is too strait-laced to play the money-laundering game, so Geithner's subterfuge was employed.
Initially, we presumed these transfers were to stabilize European banks and national economies; but it appears that did not occur, given the number of meltdowns Europe has experienced in the last few years.
 |
| OMG, how did they find out! [Reuters] |
Instead, it appears that Geithner and Bernanke couldn't resist the opportunity to exploit the process.
Although the paper trail had been established to cover the transfers, the Fed still had the actual bonds and bank notes which had been printed to cover the transactions.
Although the paper trail had been established to cover the transfers, the Fed still had the actual bonds and bank notes which had been printed to cover the transactions.
So, where did the bonds come from?
 |
| "A $Billion here, a $Billion there Eventually that adds up to real money" |
Seems those Bearer Bonds seized by the Caribinieri were in Fed wooden chests, dating back to the origin of the Fed, and stored in the World Trade Center until 9/11/2001.
 |
| Fed Rep claimed this was a fake box |
So, we raise the old eye-brow at the concept that bearer bonds were pulled from the World Trade Center subterranean vaults, listed as "destroyed", and used by Geithner and Bernanke to move these instruments to Europe, where they've been used for countless nefarious activities.
[Ed Note: 11/21/2022; These bonds, along with the gold bullion stolen from the WTC vaults on 9/11 by the Bush Cabal, were recovered by Trump's SOF units and stored in a completely secure area]
[Although European bankers had examined the seized bonds and declared them "genuine" the Fed dispatched a team which declared the bonds as "counterfeit" -- so much for the Fed's future credibility in future financial transfers -- although they took the bonds in their ancient wooden containers back to New York.]
At some point, it appears these financial instruments were shipped to Europe for safekeeping and liquidation at some future time; but, as luck would have it, apparently the gate-keepers either got sloppy or greedy, and the bonds entered the underground market in Europe -- and were discovered by the Italian Carabinieri who had been monitoring the Mafia.
 |
| "How about I give each of yous guys $1Billion And I disappear! |
Talk about bad luck!
So, all of a sudden, the world learns of a seized stockpile of Federal Reserve Notes worth $6 Trillion; and still later, we learned the total of discovered illicit bonds to be in excess of $16.2 Trillion.
So, essentially, our trusted Administration officials, and Fed Chairman, created financial instruments roughly equal to the US Gross Domestic Product, laundering it through a series of complex transactions, and parked these assets in Europe – which then began filtering into the international money laundering conducted by – the Mafia.
It may be time for Congressman Issa to pry open the doors of the Fed and the Treasury, and to open a full investigation of this scam.
We do have to wonder about the eventual use of all this cash.
Would it be used for the Administration's re-election campaign?
You can buy a lot of votes and election officials with $16.2 Trillion!
Footnote:
There is considerably more to this story as it precedes this Administration with some surprising players involved. But, all that is far too much to process in a single blog posting, so we'll give you the history and updates in future blogs. Perhaps when we provide a full analysis of the World Trade Center demolition on 9/11.
There is considerably more to this story as it precedes this Administration with some surprising players involved. But, all that is far too much to process in a single blog posting, so we'll give you the history and updates in future blogs. Perhaps when we provide a full analysis of the World Trade Center demolition on 9/11.
[Ed Note (12/2020): Hindsight is usually much more clear than during an event. In this case, after examining multiple financial manipulations by Geithner, which occurred during George W Bush's Administration, plus the alliance between GHW Bush and Bill Clinton in managing the international drug trade, this clearly was not a hastily forged enterprise, but evolved through at least two Administrations.
Interestingly, we traced another movement of $15 Trillion in cash to China in 2008, which doubled China's GDP in a single year. The additional cash became the source money for China's massive "Economic Miracle" beginning in 2009 - coinciding with the beginning of 0bama's first term.
