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US Treasury Defaults On Wanta Plan - Full 70 Trillian To Be Collected

EUROPEANS PLACE 'STOP ORDERS' ON $100M+ DEALS

OUTRAGE AS TREASURY DOES CORRUPT DEAL WITH VIETNAM

Thursday 7 September 2006 22:12

By Christopher Story FRSA, Editor and Publisher, International Currency Review,
World Reports Limited, www.worldreports.org. For earlier 'Wanta Crisis' reports,
please activate the ARCHIVE Button on the Home Page of this website.

Originally posted 7th September: Updated 4.00pm GMT 8th September 2006


U.S. TREASURY DEFAULTS ON WANTA ET AL PAYMENTS AS ANTICIPATED

CHINESE ARE PULLING ONE 'CHIP' PER DAY, STARTING 7TH SEPTEMBER 2006

THIS 'CHINESE TORTURE' WILL CONTINUE FOR 32* BANKING DAYS


58,000 AMERICANS DIED IN VIETNAM, YET PAULSON DOES A SNEAKY DEAL WITH HANOI

SECRET U.S. FINANCIAL ACCORD WITH VIETNAM TO DEFRAUD AMBASSADOR WANTA...

... AS THE DUPLICITOUS U.S. TREASURY SECRETARY DOUBLE-CROSSES FURIOUS PUTIN


PREDICTED PUNITIVE FINANCIAL MARKET CONSEQUENCES TRIGGERED AND ACTIVATED

COLLECTION OF THE FULL $70 TRILLION OF OFFSHORE ASSETS WILL NOW GO AHEAD

EUROPEAN BANKS PLACE 'STOP ORDERS' ON DOLLAR DEALS OF $100 MILLION+




STENCH OF THIS 'FREE-FOR-ALL' OFFICIAL CORRUPTION REACHES DOWN TO HELL:

• GOVERNMENTS TRY TO SECURE ADVANTAGE BEHIND LEO WANTA'S BACK

• PAULSON'S FRAUDULENT FUNDING ARRANGEMENTS DESIGNED TO MAINTAIN STATUS QUO

• TREASURY THOUGHT THIS CORRUPT HANOI 'FIX' WOULD REMAIN CONFIDENTIAL

• WORLD FINANCIAL COMMUNITY AGHAST AT THE STUPIDITY OF U.S. OFFICIAL GANGSTERS

FRAUDULENT FUNDING ARRANGEMENTS TREACHEROUSLY COBBLED TOGETHER IN HANOI
In a treacherous, desperate and fraudulent attempt to avoid paying Ambassador Leo Wanta so that they can continue to profit from exotic, untaxed and off-balance sheet transactions, as has been the case since at least 1992, the White House has struck a humiliating and cynical deal with the former enemy Communist Vietnamese Government in Hanoi – to buy further time.

U.S. TREASURY/WHITE HOUSE DEFAULT ON WANTA AND CHINESE PAYMENTS
At the same time, as anticipated, the US Treasury/White House defaulted on the Wanta Settlement
last night, failing to credit the securities account to Ambassador Wanta's Virginia-based corporation with the $4.5 trillion as instructed by the firm's Treasurer in a letter to Mr Paulson on 14th August.

It is understood that the US authorities also defaulted on the Chinese payments which fell due for settlement immediately following the payment that should have been made for Ambassador Wanta.

Rather than pull all the 'CHIPS' simultaneously, as we previously thought might happen, we now learn that the Chinese are pulling one 'CHIP' per working day for 32 days* [see below]. This will amount to a form of 'Chinese torture' and will cause progressively more complex difficulties as
the banking days progress. Certain transactions have already been stopped as a consequence.

The US Treasury Secretary's APEC talk of the need for a 'strong dollar' is therefore propaganda designed to hoodwink those components of the financial markets which still remain purblind to
what is happening. Things will look very different over the days ahead if this madness continues.

PAULSON'S DEAL WITH VIETNAM TO KEEP THE CAROUSEL GOING AND 'FUND' THE DEFAULT
Over 58,00 Americans died in Vietnam, and the lives of many thousands of Vietnam veterans have been wrecked by that hateful conflict. Yet Mr Henry M. Paulson, the US Treasury Secretary, flew to Hanoi to line up the corrupt Vietnamese Communist Government as a contractual counterparty, so that the illegal, untaxed, off-balance sheet transactions preferred by the criminals in charge of the US Government, can continue – rather than allow Ambassador Wanta's 'Marshall Plan for America' to kick in, thereby ending a century of permissive deficit-financing by profligate US Governments.

For what the White House fears most is not fake Islamic bodgeymen, but Ambassador Leo Wanta's brilliant 'Marshall Plan for America' and its above-board, on-balance sheet, taxable modus operandi. This highlights the illegitimacy of the hidden, untaxed, off-balance sheet transactions that all these scamsters salivate over, by creating a righteous discontinuity they all thought could never happen.

BREACH OF OFFICIAL PROMISE FOLLOWED BY REPULSIVE SECRET DEAL WITH VIETNAM
Having demonstrated by their actions that last year's compromise agreement with Ambassador Leo Wanta was negotiated in bad faith – with the objective of bringing $4.5 trillion across the exchanges in order to usurp and control it, so that the Wanta Settlement was just a pretext for grabbing hold of this real money – the White House and the US Treasury have now gone to what most Americans will certainly regard as the disgusting extreme of doing a dirty, secret deal with the corrupt Communist Vietnamese, in order to keep their illegal off-balance sheet carousel going, and to obfuscate the need to complete the Wanta Settlement, which will set a precedent for on-balance sheet trading.

The corrupt accord was negotiated by Henry M. Paulson, the US Treasury Secretary, at the Asia Pacific Economic Cooperation (APEC) forum in Hanoi. Ironically, this 21-member globalist Bloc – which includes Russia and the United States – is about to discuss measures to 'combat terrorist financing, money laundering and other abuses of our financial systems'.

FACILITATING TERRORIST FINANCING, MONEY LAUNDERING AND ABUSE
Yet the fraudulent arrangements cobbled together by Henry M. Paulson to sidestep having to pay Ambassador Wanta – so that the American people benefit from Wanta's planned transactions, and tax is paid on all his operations – are designed precisely to facilitate and to perpetuate further terrorist financing, money laundering and untaxed off-balance sheet financial system abuse.

SCRAPING THE BOTTOM OF THE BARREL
During his visit to the APEC meeting, Secretary Paulson looked for a corrupt Government willing
to enter into a 'below the radar' contract arrangement with the US official fraudsters, so that the
off-balance sheet operations to which they are accustomed can continue, and be expanded. For
the American authorities to have stooped so low as to sign up the pariah Vietnamese Communists in this last-ditch attempt to sidestep Ambassador Wanta's programme for above-board, taxable,
transactions to become the norm, is cruelly despicable – and is understandably causing outrage.

Of course Vietnam is a major drug producer, so this may have some relevance here.

U.S. GROVELS IN THE GUTTER TO FIND A CORRUPT GOVERNMENT PARTNER
Over a generation ago, the United States was defeated by the Communist Vientnamese. And yet America's leaders today are so corrupt that they are prepared to do dirty financial deals with the Vietnamese Communists who humiliated them, behind the backs of the American people – with the objective of ensuring that their own pockets will continue to be lined, and that the vast store of fiat dollars that they have been creating off-balance sheet will continue expanding. The dollar system will ultimately be destroyed by the sheer weight of these hidden funds – which are leaking into the real economy, causing inflation, all the time.

THE FRAUDSTERS' PROBLEM: HOW TO FABRICATE THE 'SOURCE OF FUNDS'
The fundamental problem that the US official fraudsters face is the sticky one of how to show the 'source of funds' to account for the $1.575 trillion that will be paid by way of tax from the $4.5 trillion Wanta Settlement (see the previous www.worldreports.org Wanta postings for details). Because the 'source of funds' cannot be revealed without throwing a bright spotlight onto the remainder of the original $27.5 trillion – that is, the residue of $23 trillion, now worth $58.5 trillion given accruals – President G.W. Bush and Secretary Paulson have preferred to commit further felonies and treason against the American people, and to commit fraud against AmeriTrust Groupe, Inc., by collaborating with the former enemy Communist Government of Vietnam – as described below.

When the American people find this out, there will be an outcry which may destroy what's left of the Bush II regime, which appears quite clearly to be controlled by Bush Sr. (a.k.a. Georg H. Scherff).

It is understood that the Administration intends to induce a sharp reduction in the falsified price of oil ahead of the forthcoming mid-term elections, to counteract the adverse publicity arising from this crisis and its knock-on consequences, even though the controlled 'mainstream' are still under orders to ignore it. The White House will also be relying upon electronic vote-scamming, as in 2004.

Also assisting the US Treasury in this fraudulent venture, regrettably, are certain senior officials
of the Chinese Government in Taiwan. This has caused a major dispute with Communist China.

GOVERNMENTS OWED UNDER WANTA PLAN FEARFUL OF LOSING THEIR PAYMENTS
To make matters worse, representatives of certain of the other eight governments that are owed payments under the Wanta Settlement in accordance with the Reagan Protocols, were negotiating with the White House behind Ambassador Leo Wanta's back until 1.00 am Eastern Standard Time yesterday morning, in a deceitful attempt to procure payment direct – without Leo Emil Wanta being involved (having assessed that the US Government's duplicitous intention all along was to renege on its formal undertakings towards the Ambassador, which were evidently agreed by US officials and Supreme Court Judges in bad faith. The named foreign governments have therefore panicked, concluding that they might lose their set-aside allocations altogether).

Before we go any further, please note that although the $4.5 trillion belonging to Ambassador Leo Wanta, and tagged in a US Treasury account with a major US financial institution, remains in place, the fudged arrangements made by Mr Paulson in Hanoi are intended to provide all categories of criminal operatives inside the US structures with fresh sources of funds to enable further illegal transactions to proliferate – while leaving the $4.5 trillion still tagged so that if the authorities are finally obliged by the sheer force of circumstances to pay Ambassador Wanta and his corporation (from other sources) it will still be possible for them to claim that the funds have not been 'lost'.

AIMING TO AVOID ON-BALANCE SHEET TRANSACTIONS BECOMING THE NORM
But the real objective is to avoid paying Mr Wanta and his Virginia-based corporation so that it does not become 'accepted' for such transactions to be handled on-balance sheet, where tax has to be paid and the scamsters who have been doing these frauds behind the scenes for decades are at last compelled to pay massive back taxes on their illegal operations, plus 100% penalties – while slammed into jail following investigations by the Internal Revenue Service, which is itself being awakened from its complacency by exposures associated with these scandals.

It should also be borne in mind, when reading what follows, that these Hanoi arrangements have NOTHING to do with Ambassador Wanta, and that the US Treasury has been in default vis-a-vis his payment and the payments due to the Chinese, with effect from 5.30pm Eastern Standard Time yesterday, 7th September 2006. See below for the immediate consequences of this default.

PRECISE DETAILS OF PAULSON'S CORRUPT HANOI ARRANGEMENTS
But first, here are the details of the corrupt arrangements that the problem of showing 'source of funds' so as to account for the $1.575 trillion, has forced President Bush and Mr Paulson to adopt
– because they lack the guts to come clean with Mr Wanta and the American people:

A series of completely unnecessary loans were arranged on 6th September in Hanoi between
the US Treasury and the Federal Reserve, on the one hand, and the Governments of Vietnam
and Taiwan on the other, to procure the following proceeds by fraudulent means:

• Gaining 100% face value loans against US Government 'Special Purpose Entities' or Government-Sponsored Enterprises' instruments, such as the dud securities of the Federal National Mortgage Association (FNMA) and the Government National Mortgage Association (GNMA), as a fanciful basis to enable the US perpetrators to show 'source of funds'.

It will be recalled from a previous posting by the Editor of International Currency Review that the current Office of Management and Budget [OMB] analytical pages for the Government-Sponsored Enterprises show BLANK data tables. Yet, notwithstanding that the OMB publishes BLANK TABLES for some of the Government-Sponsored Enterprises (in spaces where GSE financial data always appeared in earlier years), the Treasury Secretary has seen fit to represent to financial partners
in this latest scam, that FNMA and GNMA securities represent viable collateral. This claim is false.

• Obtaining US dollars in the format of 1933 and 1934 US dollars held in the repositories of the Central Bank of Taiwan. These funds, issued under President F. D. Roosevelt and US Treasury Secretary Mogenthau during the years 1933-45, are held in certain boxes containing $100 million each. The repatriated commission of 5 cents per US$1.0 as required by US law, will be paid. This initiative is indicative of the extremes of improvisation to which the Treasury has had to resort.

• By means of Federal Reserve Federal Open Market Committee (FOMC) Repurchase Agreements (REPOS), trading the face value amounts thereby procured, to quietly attain the value of the taxable amount of $1.575 trillion, so that this total can then be fraudulently represented as 'on the books'.

These fraudulent arrangements will further provide the 'necessary' funds for Paulson – and the usual crowd of US off-balance sheet scamming operatives, such as the corrupt elements of the CIA, the Department of Defense, the Defense Intelligence Agency, and the individuals published earlier on this website – to secure desired banking instrument contracts before Ambassador Wanta and his Virginia-based corporation are paid their $4.5 trillion settlement.

• SO: THEY ARE TRYING TO PRE-EMPT THE WANTA SETTLEMENT AND MAKE IT OBSOLETE.

THE UNDERLYING PURPOSE OF THIS CORRUPT EXERCISE IS TO SHOW THE SOURCE OF INCOME (THE $1.575 TRILLION) FRAUDULENTLY – RATHER THAN TO ALLOW AMERITRUST GROUPE, INC. AND AMBASSADOR LEO WANTA TO START PAYING DOWN THE VAST OVERHANG OF UNITED STATES DEBT, LITERALLY RESCUING THE REPUBLIC FROM DESTRUCTION.

IN OTHER WORDS, THESE CORRUPT U.S. OPERATIVES PREFER TO CONTINUE THEIR OFF-BALANCE SHEET FINANCIAL SCAMMING OPERATIONS – AND TO DENY AMERICANS THE BENEFITS OF LEO WANTA'S AMBITIOUS NEW 'MARSHALL PLAN' FOR AMERICA.

HIS PLANS WILL LITERALLY TRANSFORM THE OUTLOOK FOR THE U.S. FINANCIAL ECONOMY AND WILL ENSURE THAT FUTURE GENERATIONS ARE NOT BURDENED WITH CRIPPLING TAXATION THAT WILL STIFLE THEIR LIVES, LEADING TO SOCIAL DISINTEGRATION.

But President Bush and Secretary Paulson couldn't care less. They care only for their own pockets.
And their cynicism even extends to doing underhand, secret self-enrichment deals with Vietnam.
The American people are bound to be offended and insulted by this grotesque outrage.

ATTEMPT TO PREVENT THE CHINESE 'PULLING THE CHIPS'
Additionally, the fraudulent arrangements that Mr Paulson cobbled together in Hanoi were aimed
at preventing (so the Treasury hoped) full execution of the Chinese threat of 'pulling the CHIPS' if Leo Wanta had not been paid by 5.30 pm EST yesterday, 7th September 2006.

Last night, however, the Chinese started implementing their earlier pledge to 'pull the CHIPS', although they are doing this in a manner that is typically Chinese, which we did not anticipate:
THEY ARE 'PULLING' ONE 'CHIP' PER BANKING DAY FOR 32 DAYS, THERE BEING 32 'CHIPS' THAT CAN BE 'PULLED'. So instead of crashing the dollar precipitately, as would have happened if they had 'pulled' them all at once, they are administering a form of 'Chinese torture', which will have a cumulatively more decisive impact inside the global capital markets each banking day.

The adverse impact on the US dollar will become progressively more apparent, in line with the orchestrated reduction in the oil price that is apparently now intended by the White House.

The US authorities could have avoided this very alarming scenario by fulfilling their obligations towards Ambassador Leo Wanta and his corporation instead of choosing, as they have done, to continue the carousel using extreme collateral measures as described above. But, contrary to earlier indications, it appears that President Bush II is subservient to the will of Bush Sr., who may be controlling him by 'unorthodox' means – ensuring that he responds to the demands of Sr., and therefore to those of Dachau [see below], rather than serving the American people's interests.

The 'deal' has also compromised the Chinese parties, splitting them from the Russians. These parties were previously united in their efforts to ensure completion of the necessary payment to Ambassador Wanta. But whether this 'split' remains viable is doubtful, since not only is President Putin understandably reported to be furious at having been double-crossed by the US scamsters, but both the Taiwanese and the Communist Chinese parties have also been lied to and deceived by these American official gangland operatives.

ALL FOREIGN PARTIES ARE BITTER AND FURIOUS WITH AMERICAN OFFICIALS
Although all the parties concerned are fighting for their own interests like rats in a sack, they are also bitter, in varying degrees, at having been repeatedly deceived by haughty American officials, under guidance from the alleged head of the German Nazi Continuum, George Bush Sr. (Georg
H. Scherff), who allegedly reports to Dachau, headquarters of Deutsche Verteidigungs Dienst [see previous www.worldreports.org postings], and who is focused upon completion of the long-range Nazi strategic deception objective of 'building the Thousand-Year Reich on the Ruins of the United States' as predicted in the Nazi document entitled the 'Madrid Circular Letter' that was intercepted by the Allies in the early 1950s, en route from the Nazi German Geopolitical Centre in Madrid*.

DRASTIC MEASURES BEING ACTIVATED FOLLOWING DEFAULT ON 7TH SEPTEMBER
Given that payment had not been recorded on the books of AmeriTrust Groupe, Inc.'s corporate securities account by the close of business yesterday, 7th September 2006 – as was instructed by the company's Executive Vice President and Treasurer, Michael C. Cottrell, M.S., in his letter to Secretary Paulson – which Mr Paulson, as usual, did not have the courtesy to acknowledge – the following measures are being implemented:

1. The Chinese parties have been asked to enforce their earlier pledge to pull all the CHIPS from use by the US Government, the US Treasury and the Federal Reserve. As indicated above, they are doing precisely that, but by a more subtle procedure than we had anticipated – 'pulling' one 'CHIP' per banking day until all the 'CHIPS' have been pulled: a sophisticated form of 'Chinese torture'.

2. All the major European banks and their senior traders have committed to issue STOP ORDERS on US dollar transactions above $100 million until such time as Ambassador Wanta has been paid the $4.5 trillion that is owed to him – so that substantial pending deals that the bankers intend to conduct with Ambassdor Wanta can begin, huge tax accruals can start to be channelled into the US Treasury to pay down the vast US Federal Government debt, bringing the United States' 100-year deficit financing orgy to an end – and massive 'Marshall Plan' projects can begin. The banks want The Wanta Plan, too, because it will prevent collection of the full $70+ trillion.

By contrast, the minority of criminal operatives who are holding the United States and the world to ransom, prefer to continue their illegal, untaxed, selfish off-balance sheet transactions – not least so that their past felonies and secret earnings are never exposed. This is because these people have criminal mentalities. As criminals commit more and more crimes, they become indifferent to any adverse consequences, since they have got away with murder (often literally) for so long.

OFFICIAL CRIMINAL GANGSTERS SCAMMING THE (DESPISED) AMERICAN PEOPLE
The 'bottom line' is that President George W. Bush and Treasury Secretary Hank Paulson, and their colleagues and co-conspirators, are continuing to commit egregious felonies and scams against the American people for their own personal gain, and to finance covert operations including – as will be progressively revealed – the financing of revolutionary terrorism, which they are using as cover for their global hegemony agenda. Their dream is to establish total world control, because when that happens they believe that they will be free from all remaining risk of detection, arrest, indictment, imprisonment and – given that they are committing treason in time of war – execution.

In the meantime, their immediate objective is to obfuscate the issues surrounding the following question: WHAT HAS HAPPENED TO THE $27.97 TRILLION THAT THEY HAVE STASHED AWAY IN THEIR SECRET FIDUCIARY ACCOUNTS?

That is a question they want no-one to ask, since the funds have been diverted and stolen.

DISGORGEMENT AND REPATRIATION OF FULL $70 TRILLION IS NOW UNAVOIDABLE
It is open to Ambassador Wanta to call for the repatriation of the full $27.97 trillion – worth over $70 trillion, given accruals – since the compromise settlement whereby $4.5 trillion was brought across the exchanges so as to save the criminals' skins and to let the corrupt institutions off the hook, has been reneged upon. Naturally, the big foreign banks don't want this process to begin in earnest, since many of them will go to the wall when they have to disgorge the stolen funds.

However Christopher Story was told yesterday that procedures for the repatriation of the full $70+ trillion are now at an advanced stage of preparation, and that this process will now go forward, as the compromise $4.5 billion payment has been hijacked by the White House and the US Treasury.
It may yet be implemented: but given the default to date, the other funds will have to be collected.

Which explains why the big banks are all cooperating to ensure that the Ambassador is finally paid the $4.5 trillion that the Supreme Court, the President of the United States, the ex-Chairman of the Federal Reserve and the previous US Treasury Secretary formally agreed should be paid to Wanta.

TRYING TO KEEP EACH OTHER OUT OF JAIL
More specifically, what this treachery boils down to, also, is that Mr Paulson is trying to keep his predecessor, Mr John Snow, the former Chairman of the Federal Reserve, Dr Alan Greenspan, his successor, Dr Ben Bernanke, and himself, as well as other senior office holders, accessories to the fact of these frauds, and co-conspirators, from finally being slammed into stinking US jails.

It is also possible that an underlying purpose of the fraudulent arrangements cobbled together
by Mr Paulson in Hanoi may have been to try to compel Ambassador Wanta and Mr Cottrell to agree to being paid in dribs and drabs, when the crooks get round to it, on an instalment plan. No such arrangement could possibly be contemplated, let alone with such dishonest people, of course.

Finally, Michael C. Cottrell, M.S., the Executive Vice President of Wanta's AmeriTrust Groupe, Inc., confirmed to the Editor of International Currency Review last night, as follows:

'No deal is acceptable other than full and immediate payment of the $4.5 trillion which is being illegally withheld by Mr Paulson. There will be no delayed payment arrangements. If these funds
have not been recorded on the books of AmeriTrust, Inc.'s corporate securities account by 5.30 pm Eastern Standard Time today, 7th September, as instructed by our letter to Mr Paulson dated 14th August 2006, extremely severe measures will be taken forthwith, of which the financial markets are well aware, and which will have the appropriately problematical consequences for all concerned'.

'Ambassador Wanta has been abused enough. There will be no corrupt compromise. In any case, the corrupt arrangements made by Secretary Paulson in Hanoi are nothing to do with us. They change nothing: the $4.5 trilliion belongs to Ambassador Wanta, made over to his Virginia-based corporation, and there will "unanticipated consequences" until this amount is paid to him'.

The funds were not credited by the deadline: so the consequences will indeed ensue. ENDS.




* The Chinese authorities are 'pulling' one 'CHIP' per day for 32 banking days. Yes, it's the familiar geomasonic number 32 (as in the Brussels area code: 322; Skull & Bones 322, und so weiter).

•* The other key principle underlying secret long-range German Nazi subversion strategy against the United States, revealed by this document, is: 'For us the war never ended' ['Fur uns, ist der Krieg niemals vorbei']. For further background on secret German Nazi subversion of the United States, using financial bribery and corruption as its principal modus operandi, and presided over allegedly by Georg H. Scherff [Bush Sr.], please refer to earlier postings at www.worldreports.org.

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