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Top U.S. Officials Continue Monetary Rape and Pillage

TOP U.S. OFFICIALS STEALING, STEALING, STEALING ...

AS WE PREDICTED ON 2 SEPTEMBER, $ HEADS INTO FREE FALL

Sunday 3 December 2006 20:38

HANK 'CONFLICT-OF-INTEREST' PAULSON GOES FOR BROKE

TOP-LEVEL U.S. CROOKS CAN'T STOP STEALING, AND THEY HAVE BEEN EXPOSED

DIARY OF U.S. OFFICIAL SCAMMING AND OBFUSCATION IN NOVEMBER 2006

IMPORTANT UPDATE: ON 5TH DECEMBER, THE DEPARTMENT OF HOMELAND SECURITY AND THE CIA ATTACKED THIS WEBSITE, WHICH IS ILLEGAL. SPECIFICALLY, THEY TRUNCATED ALL THE TEXT IN THE 'DIARY' SECTION BELOW, FROM 20 NOVEMBER ONWARDS. THE EDITOR DISCOVERED THIS AT ABOUT 11.00 PM UK TIME ON 5TH DECEMBER.

THE TEXT HAS BEEN RESTORED*.

ON CHECKING WITH MICHAEL C. COTTRELL, M.S., AT AROUND MIDNIGHT, IT WAS CONFIRMED THAT THE EDITOR'S SUSPICION [SEE BELOW] THAT THE U.S. TREASURY'S 'DATA BURST' INSTRUCTIONS TO SETTLE THE LEO WANTA $4.5 TRILLION PAYMENT, DATED THE 17TH NOVEMBER 2006, WERE INDEED DIVERSIONARY AND FALSE, WAS 100% CORRECT.

THE FUNDS WERE BEING STOLEN IN 'REAL TIME'.

WHILE THE U.S. TREASURY ADOPTED THE POSITION THAT IT HAD FULFILLED ITS DUTY TO SETTLE WANTA'S $4.5 TRILLION, IN REALITY THE TREASURY 'DATA BURST' INSTRUCTIONS PROVIDED FOR THE DIVERSION AND STEALING OF THE FUNDS. THEREFORE, THE EDITOR'S SUSPICION THAT THE U.S. AUTHORITIES, DIRECTED BY PRESIDENT GEORGE BUSH JR., MR JAMES WILKINSON, AND MR HENRY ('CONFLICT OF INTEREST') M. PAULSON, HAVE BEEN ORCHESTRATING THE STEALING OF THE FUNDS, TURNS OUT, WE REPEAT, TO BE 100% ACCURATE. SEE BELOW FOR DETAILS.

THIS IS AN EXCEEDINGLY GRAVE MATTER WHICH COULD LEAD TO AN UNPRECEDENTED GLOBAL AND U.S. DOMESTIC CRISIS. THESE FOOLS CANNOT STOP STEALING FUNDS, AND THEY HAVE AGAIN BEEN CAUGHT IN THE ACT, IMPERVIOUS TO THE CONSEQUENCES. THE NATURE OF THESE CONSEQUENCES WILL NOW BE DRUMMED INTO THEIR THICK, ARROGANT, CLEPTOMANIAC AND MENDACIOUS SKULLS.

THE U.S. DOLLAR AND A NUMBER OF LARGE FINANCIAL INSTITUTIONS ON BOTH SIDES OF THE ATLANTIC ARE NOW TEETERING ON THE BRINK OF COLLAPSE, ALL BECAUSE OF THE DUPLICITY, LIES, DOUBLE-CROSSING, SCAMMING AND STEALING OPERATIONS CONDUCTED AT THE HIGHEST LEVEL BY THE WHITE HOUSE, THE TREASURY, AND THE FEDERAL RESERVE. THE PERPETRATORS ARE 100% RESPONSIBLE FOR THEIR OWN ACTIONS, AND FOR THE TERRIBLE IMMINENT CONSEQUENCES.

THE BUSH EMPIRE IS ON THE BRINK OF COLLAPSE AND DISINTEGRATION, TOO. THEIR MASSIVE 'FUNNY MONEY', ILLEGALLY STASHED ASSETS WILL SOON BE WORTHLESS...

MR COTTRELL HAS ALSO CONFIRMED THAT ALL THE INFORMATION PROVIDED IN DIARY FORMAT BELOW, HAS TURNED OUT TO BE ACCURATE, AS WE KNEW WAS THE CASE. THEREFORE, WE ARE WITNESSING THE GRAVEST FINANCIAL CRISIS IN WORLD HISTORY.

ALSO, THE AUTHORITIES COMMITTED TWO VERY STUPID MISTAKES: FIRST, BY SENDING SECRET SERVICE AGENTS TO THE RESIDENCE OF A COMPLIANCE OFFICER IN ORDER TO PRESSURISE HIM NOT TO REVEAL THE CONTENTS OF THE PAULSON TREASURY'S 'DATA BURST' INSTRUCTIONS WHICH PURPORTED TO CONTAIN THE LEO WANTA PAYMENT INSTRUCTIONS BUT WHICH IN FACT (AS WE SUSPECTED) GAVE INSTRUCTIONS FOR THE DIVERSION OF THE FUNDS, THEY 'BLEW THEIR COVER' – SINCE, IT WAS QUITE OBVIOUS THAT THEY WERE HIDING SOMETHING, AND WHAT THEY WERE HIDING WAS ITSELF OBVIOUS.

THE CRIMINAL MENTALITY NEVER KNOWS WHEN TO STOP, AND TO 'GO STRAIGHT'.

SECONDLY, BY ILLEGALLY ATTACKING THIS WEBSITE, THEY HAVE REVEALED THAT THEY ARE IN A STATE OF BLIND PANIC.

SO HERE IS SOME BASIC, ELEMENTARY ADVICE FOR THE DHS AND THE CIA, WHO ARE TRYING TO PROTECT THE EXPOSED BACKSIDES OF THE WRETCHED CREATURES PERPETRATING THESE SCAMS, MENTIONED ABOVE, AND THE TOP-LEVEL PERPETRATORS THEMSELVES:

GET REAL, STOP LYING, STOP SCAMMING, BREAK THE HABIT, PAY OUT THE WANTA SETTLEMENT IMMEDIATELY, AND AVOID THE VERY WORST POSSIBLE OUTCOME OF ALL, WHICH IS THAT ALL THE FIAT 'PONZI GAME' FUNNY MONEY THAT YOU SO ADORE, WHICH IS YOUR IDOLATRY, WILL SOON BE WORTHLESS, AND MAJOR INSTITUTIONS WILL GO TO THE WALL – ABSENT THE WANTA SETTLEMENT.

YOU FOOLS, YOU HAVE BROUGHT THIS PENDING CATASTROPHE ON YOUR OWN HEADS.

WHETHER YOU CAN SAVE YOUR SKINS IS DOUBTFUL: BUT WHAT IS CERTAIN IS THAT IF YOU DON'T SETTLE THE WANTA $4.5 TRILLION, YOU WILL BE BURNT TOAST, HISTORY AND VERY PROBABLY STRUNG UP FROM SOME OF GEORGE H.W. BUSH SR'S LAMP POSTS.

NOT EVEN YOUR WORST ENEMIES WANT THAT OUTCOME, BUT AS YOU DON'T UNDERSTAND WHEN TO STOP, YOU MAY WELL BRING IT ON YOURSELVES.

WE HAVE ALWAYS THOUGHT YOU WERE STUPID. NOW THE WHOLE WORLD KNOWS IT.

AMBASSADOR WANTA WAS IMPRISONED AND HELD UNDER HOUSE ARREST FOR AN INTENDED 22 YEARS ON A TRUMPED-UP CHARGE WHICH WE HAVE CONCLUSIVELY DEMONSTRATED TO BE FALSE. THE MERCILESS, CRUEL AND HEARTLESS BEHAVIOUR OF THE CLINTON AND BUSH WHITE HOUSE SUGGESTS THAT THE THIEVES WHO ARE ORCHESTRATING THE STEALING OF WANTA'S TAGGED AND EARMARKED $4.5 TRILLION SHOULD SERVE A MILLENNIUM IN JAIL. LEO WANTA WAS ILLEGALLY SLAMMED FOR NOT PAYING $14,129 WHICH HE NEVER OWED.

YOU HAVE BEEN CAUGHT STEALING (AT LEAST) THE $4.5 TRILLION THAT THE EDITOR KNOWS ABOUT. THEREFORE, ON A 'FAIRNESS' SCALE, YOU SHOULD ALL SPEND 10,000 YEARS IN JAIL – INSTEAD OF ENJOYING YOUR THOUSAND-YEAR REICH WHICH THE TRAITOROUS GERMAN-CIA FIFTH COLUMN WANTS TO BUILD ON THE RUINS OF THE UNITED STATES.

AND TEN THOUSAND YEARS IN JAIL WOULD BE NOTHING LIKE ENOUGH FOR YOU, IN THE LIGHT OF THE LIES, ATROCITIES AND ABOMINATIONS YOU HAVE COMMITTED.

[*If you see any peculiar characters on this site – one of which may be &Bull – please be advised that these aberrations are inserted by creeps working for DHS and CIA, which is of course totally illegal, and that when we spot any of their nasty little tricks, we will make corrections asap. Also, if you see any of our posted text 'snipped' and deleted, please email cstory@worldreports.org, and we will restore the missing copy if possible. Note to the CIA/DHS: This NOT a U.S. website. Please CEASE AND DESIST. BY WRECKING OUR SITE, YOU 'BLOW YOUR COVER'. PANICKING IDIOTS!].

The posting dated 4th December, restored at midnight London time on the 5th, begins here:

By Christopher Story FRSA, Editor and Publisher, International Currency Review, World Reports Limited, London and New York: www.worldreports.org. Press the ARCHIVE Button on the Home Page for Wanta Crisis reports since June 2006.

Henry M. Paulson, the US Treasury Secretary, is well on the way towards earning a reputation as the most dangerously complacent operative ever to have occupied his high position. His reckless and obtuse behaviour with respect to the Wanta Settlement, which he has hijacked, has wrecked any prospect of 'business as usual', and has virtually ensured that he and his co-conspirators will, in the course of time, find themselves arraigned for corruption, conspiracy to steal the funds of others, and as accessories to the fact of multiple felonies, listed in our earlier postings.

COLLAPSE OF INTERNATIONAL CONFIDENCE, AS PREDICTED
The factor that he and his bewildered and frightened colleagues appear to have overlooked is the small problem of INTERNATIONAL CONFIDENCE. Given the deep penetration of our postings on the Leo Wanta crisis internationally since last June, all who matter in worldwide positions of power, have had to watch speechless as the US authorities have played fast and loose with the $4.5 trillion tagged and earmarked for Ambassador Leo Wanta and his Virginia-based corporation, AmeriTrust Groupe, Inc., corruptly maximising these REAL US dollars for self-enrichment and 'hole-plugging' purposes – as the financial world awaits in horror the impending maturities in the ‘Ponzi Game’ derivatives sector, which is now believed to aggregate in the quadrillions of dollars.

Significant maturities are imminent THIS MONTH, on top of the defaults registered in London and other European centres by early November, which were then reported as amounting to some $4.275 trillion. This figure is now believed to be much higher.

NEW LIE: PAULSON IS ‘MANAGING’ THE DOLLAR’S DEPRECIATION
Furthermore, in the past two weeks or so, a new deception has crept into the picture. Specifically, ill-informed media pundits have latched on to the depreciating dollar as indicative of a grandiose and subtle strategy being executed by Hank M. (‘Conflict-of-Interest’) Paulson in the interests of diminishing the US trade deficit, which now roughly equates, in a single year, to the $1.0 trillion value of China's reported foreign exchange reserves. According to this perception, Hank ‘Conflict-of-Interest’ Paulson is engaged in a currency realignment engineering exercise on the basis of a measured plan that will benefit everyone, including the Man in the Moon.

Unfortunately, a review of international economic analyses by newspaper pundits on both sides of the Atlantic over the past month reveals that these people often have NO CLUE WHAT THEY ARE WRITING ABOUT. The language they use is locked into outdated concepts of inflation, interest rate policy, money supply, housing market data, labour market indicators, and 'the latest numbers' which are variously said to please or to alarm Wall Street, depending on the time of day – thereby in some unexplained manner influencing the price of the dollar on the foreign exchanges.

EXCU..U...U...U...SE US.

The US dollar's cascading depreciation is NOTHING TO DO WITH ANY OF THE USUAL CLAPTRAP WRITTEN IN A HURRY TO MEET PRESS DEADLINES BY ECONOMIC ANALYSTS IN THE MEDIA.

On the contrary, it is 100% the consequence of the cack-handed, corrupt, devious, irregular and culpable mishandling, since last June, of the Wanta Settlement. In accordance with the agreement signed off on 12th December 2005 by the President, the Vice-President, the Treasury Secretary du jour, the Supremes, and key American legislators, it should have been implemented with effect from the beginning of July 2006 but was hijacked first by President George W. Bush while en route to the St Petersburg Summit Meeting, and later, in a series of devious and deceitful manoeuvres, by Mr Conflict-of-Interest himself.

We all know that a certain type of American never looks beyond the borders of the United States: but the fact, like it or not, is that THE REST OF THE WORLD IS BEYOND DISGUSTED AT THE LIES, SCAMS, SHENANIGANS, DECEITFUL MANOEUVRES AND CHICAGO-STYLE BANDITRY THAT THE PRESENT BUNCH OF BANK ROBBERS HOLDING OFFICE IN WASHINGTON HAS PERPETRATED SINCE THE SUMMER MONTHS.

As a consequence, the Rest of the World – which, in case some Americans have not yet realised it, IS VERY MUCH BIGGER THAN THE UNITED STATES ALONE AND IS UNDER NO CONTINUING OBLIGATION TO USE AMERICA’S DEGRADING CURRENCY AS THE WORLD'S INTERVENTION AND OIL/GAS EXPORT DENOMINATION UNIT – has realised that the crooks in charge can never be trusted again and has therefore decided to ditch its dollar holdings as quickly as possible.

OUR 2nd SEPTEMBER PREDICTIONS ARE THUS BEING FULFILLED
This is precisely as we predicted in our posting dated 2nd September 2006*. And believe it or not, those responsible for this state of affairs have read all our reports almost immediately they have been posted. WE WARNED THEM WHAT WOULD HAPPEN IF THEY DIDN'T FINALISE THE LEO WANTA SETTLEMENT: AND THESE IDIOTS TOOK NO NOTICE. They stupidly thought they could continue their corrupt 'business as usual', and FORGOT ABOUT THE INTERNATIONAL CONFIDENCE FACTOR.

MAKING THE CURRENT SITUATION FAR, FAR WORSE, IS THE GHASTLY FACT THAT THE OVERHANG OF ‘PONZI GAME’ DERIVATIVES, NOW BELIEVED TO BE IN THE QUADRILLIONS OF U.S. DOLLARS, IS FACING A BULGE OF MATURITIES THIS MONTH. There is accordingly some suspicion that certain forces in Washington have been prepared to deploy their manipulation of the Wanta Settlement crisis as a means of baiting the international financial community to dump the dollar, so that the derivatives Day of Reckoning, which is imminent, will be less devastating.

If true, this is a policy of extreme desperation which invites the prospect of the worst possible outcome – that the US dollar cascade will overshoot, driving sterling way beyond $2.0, towards $3.0, which will destroy the British economy, and will push the European Collective Currency – which is underpinned by NOTHING, since NO SOVEREIGN GOVERNMENT CONTROLS IT, whatever the aggressive Germans may believe – to a level which will tear the Eurozone apart.

Moreover the Bank of England is engaged in reckless transactions, using multiple hypothecation techniques resulting in the off-balance sheet accumulation of American dollars, which have been depreciating faster than it can accumulate them. When the black dust settles, if it ever does, this institution will need to be investigated – since it appears to be a co-conspirator, within the closed central banking system, with the official financial operatives in Washington who are systematically destabilising the international financial system for personal, untaxed gain.

Since the Rest of the World is dumping dollars because it has lost confidence in the 'Full Faith and Credit of the United States' as it has watched the White House, the US Treasury and the Federal Reserve play cynical games with Ambassador Wanta’s hard dollar cash, it is instructive to review, for example, what shenanigans transpired in the single month of November 2006, adding to the global disquiet. Detailed notesd are taken and retained of every development in this crisis.

DIARY OF U.S. OFFICIAL SCAMMING OPS. DURING NOVEMBER 2006
Bear in mind in all this that the Chinese parties have been lied to on several occasions by Mr Henry ‘Conflict-of-Interest’ Paulson, whose former financial institution, of which he was CEO, is sitting on Ambassador Wanta’s $4.5 trillion and is make use of it irregularly and without the Ambassador's permission for self-enrichment and 'hole-filling', or 'backfilling' purposes.

The following diary, which is published by permission of the Ambassador and Michael C. Cottrell, M.S., the Treasurer of AmeriTrust Groupe Inc., illustrates how the corrupt US bank robbers misled the Chinese authorities, the Vatican and the Ambassador and Mr Cottrell during the month of November and early December:

• 01 November 2006: Donald L Kohn (Federal Reserve and Bank for International Settlements official) and Hank (‘Conflict-of-Interest’) Paulson actively prevent the distribution of Ambassador Wanta’s $4.5 trillion, whereas Federal Reserve Chairman Dr Ben S. Bernanke and a Mr McCurdy,
of the Federal Reserve Bank of New York, have jointly signed off.

• 02 November: Ambassador Leo Emil Wanta is notified by a Mr Frazier of the Wisconsin Department of Revenue that he owes $43,304.42 of State tax, which is not true. The computation even displays a sum of illegally charged State tax amounting to $14,129 which was paid twice in 1992 under protest, even though Mr Wanta had been non-resident and working abroad on US Government intelligence work on the direct instructions of President Reagan since 1985.

On hearing of this latest abomination, the Editor of this service downed tools and produced a special 24-page Supplement entitled ‘WISCONSIN TAXATION GESTAPO FRAUD’ which definitively demonstrates how the Wisconsin tax authorities have perpetrated a conspiratorial fraud against Leo Wanta since 1992, under instructions originally from the Clinton White House (1).

The Supplement displays the relevant tax documents and shows how this fraud was perpetrated. Its purpose was to provide the pretext for Wanta’s ‘takedown’, so that the ‘Box Gang’ (Clinton criminals + Bush criminals) could steal, divert, misappropriate, collateralise, and hypothecate,
with their corrupt banking and trading intermediary co-conspirators and accessories to the fact of innumerable felonies – while the CIA lied systematically that the Ambassador was long since DEAD.

When he ceased to be dead in 2005, the crooks panicked and negotiated the Wanta Settlement (with the US Government signatories evidently signing in bad faith, but nevertheless responsible for having approved the Settlement). See note (1) below, and the 24-page Wisconsin Supplement which was distributed worldwide along with International Currency Review 31, 3-4, on 22nd November (2), (3).

• 02 November: The US Treasury is notified of discrepancies in the new electronic trading system which – SURPRISE, SURPRISE, SURPRISE, SURPRISE, AND YET AGAIN, SURPRISE – allows funds to be diverted off-balance sheet. In other words, the means of perpetrating officially sanctioned criminal financial operations is purposely integrated into the brand new American electronic trading system, shortly to be implemented. This will enable the financial criminalists to continue their untaxed off-balance sheet carousel ad infinitum (they had hoped),

• 04 November: The Chinese parties notify the Ambassador and his colleague, Michael C. Cottrell, M.S., that they will have received the official authority to proceed with their decision to pay the $4.5 trillion to the Ambassador/AmeriTrust Groupe, Inc., by 6th November 2006. It will be recalled that the Chinese parties had earlier informed the American authorities that if they did not fulfil their clear obligations to Ambassador Wanta/AmeriTrust Groupe, Inc, they reserved the right to do so instead of the Americans. Their motivations include the fact that the only two Americans they trust are the Ambassador (whom they trust because of his impeccable record in fulfilling his obligations towards them many years ago), and their extreme concern that the amoral and disreputable behaviour of the US authorities will lead to a world catastrophe, in which the Chinese economy, like that of the Rest of the World, will be smashed. These fears are well grounded, and reflect inter alia our posted warnings dated 2nd September 2006*, also published in International Currency Review.

• 05 November: The respected journalist Bill Plante, of CBS News, who is investigating the crisis surrounding the US Treasury’s non-performance on the Wanta Settlement, and who is staying in Washington DC, is approached and threatened by US Government security thugs, and told to ‘get out of town’. This, by the way, is the first-ever reported information concerning an attempt by the ‘mainstream’ media to catch up with this service, and to start reporting the truth about this
high-level corruption.

• 09 November: Enforcement authorities at the Vatican inform Michael C. Cottrell, M.S. that Settlement of the Wanta $4.5 trillion will take place immediately. This suggests either than the Vatican has hard information, or else that it has been taught by the Bush Sr. operatives how to deploy their favourite little nasty trick, of indicating that all is well – promising the earth in bad
faith, with no intention of performing.

• 09 November: One of the associates of Ambassador Wanta and Michael C. Cottrell, M.S., who has been helping with this Settlement, has his personal, joint and corporate bank accounts frozen by the US Treasury and the Department of Homeland Security (a.k.a. the US Ministry of State Security), on the ground that he had been professionally helping the Ambassador and AmeriTrust Groupe, Inc. This thuggish, Soviet-style behaviour shows to what extreme lengths the criminals in power in Washington will go to protect their interests, stolen assets and backsides. Unfortunately for all the perpetrators concerned, the worm has turned and their reprobate financial scamming operations, which they thought would never be found out, let alone publicised, are being exposed BIG TIME.

• 10 November: Ambassador Leo Wanta is informed that all the large international banks that are not engaged in nefarious carousel transactions are extremely annoyed and upset at the continuing reprobate and illegal non-performance of the US Treasury on the Wanta Settlement. This has been known for some time, but now the matter is made formally known to the Ambassador.

• 11 November: Investigators associated with the Ambassador and Michael C. Cottrell, M.S., advise that the following officials are seeking to prevent payment of the Wanta Settlement (and associated payments):

• Lawrence Stevens, a US Treasury official.
• Donald L. Kohn, the Federal Reserve and Bank for International Settlements official.
• Hank (‘Conflict-of-Interest’) Paulson, US Treasury Secretary.
• Joshua Bolten, White House Chief of Staff.

Also seeking to prevent the Settlement are Wachovia, New York, & First Union Bankers, New York.

All the above were specifically identified as seeking by all means possible to prevent the Wanta Settlement. By contrast, investigators revealed that the Chairman of the Federal Reserve Board,
Dr Bernanke, now (as above) wants it completed without further ado.

• 13 November: The new electronic trading system, complete with its built-in facility to enable funds to be diverted off-balance sheet so that the crooks can continue to benefit from the carousel, goes operational (United States to London and/or Berlin).

• 14 November: Someone tries to hack in to the US Treasury’s computer system, as a result of which the system is completely shut down (how convenient: see below).

• 14 November: The Vatican pressurises the White House and the US Treasury to perform on the Wanta Settlement. It is reported that Hank (‘Conflict-of-Interest’) Paulson finally agrees to complete the Wanta Settlement. As will be shown, this ‘transformation’ turns out to be false, deceptive, devious, reprobate and illegal.

• 15 November: By authorisation, an associate of the Ambassador and of Michael C. Cottrell, M.S., submits a written communication to Senator Schumer of New York, in an attempt to establish communication with the US Treasury, which, like sulking school children, has steadfastly refused to communicate with the Ambassador and with Mr Cottrell – for the simple reason that they know they are in the wrong and they cannot face being given Grievous Bodily Harm of the Earhole by Michael C. Cottrell, M.S., who should himself be US Treasury Secretary.

• The only known response from Hank Conflict is the previously reported torrent of arrogant verbal oppression: ‘I control the show, I decide when and how to release the funds, if I decide to pay…’. This arrogance reflects inter alia the fact that President George W. Bush Jr,. whose motto is ‘You boys decide’, has delegated all his powers to Mr Conflict – making him not only Treasury Secretary, but the Chief Economic Adviser as well. It is foolish in the extreme for the holder of real power to delegate any of it. The only possible consequence is invariably that the recipient usurps the power of the donor – which is precisely what has happened, as this man continues along his path of destroying the international financial system.

• 16 November: Investigators notify Leo Wanta and Michael C. Cottrell, M.S., that:

• Wachovia Bank (New York) has defied three Federal Reserve Directives and one Federal Reserve Order to make the Wanta payment (and seven other payments).

• 16 November: Auditors appear at the doors of Wachovia Bank, New York, at 8.30 am and prevent it opening. The auditors examine the books from 8.30 am to 11.00 am, when the bank opens its doors, indicating that it has no money to make the payments. This is because [see below] the funds have been illegally diverted, in collusion with the Treasury, ensuring on behalf of Mr Conflict-of-Interest, former CEO of Goldman Sachs, that Goldman hangs on illegally to the real dollar cash $4.5 trillion owned by and tagged in the names of Ambassador Wanta and his Commonwealth of Virginia-based corporation, AmeriTrust Groupe, Inc.

• 16 November: Senator Schumer’s office personnel provide ‘cover-up services’ on behalf of the White House and the Treasury, stating that ‘no-one knows anything about’ the situation regarding the letter submitted to his office dated 15th November. Note: If Goldman Sachs is acting for the Government of Israel in an operation to retain the $4.5 trillion, then it would follow that Senator Schumer might be part of this conspiracy. Unfortunately for all perpetrators, it is not going to be possible for any of them to wriggle out of the trap they have built for themselves. Indeed, if these scams continue, every single perpetrator of financial crimes that can be identified, will be systematically exposed, as the scandal spreads wider and wider.

• 16 November: David ‘Wayne’ Smith, reportedly a close friend of Vice President Richard Cheney, attempts to ‘quieten down’ the situation. Too late! The network of official and co-conspiratorial corruption is being exposed in ‘real time’, much to the surprise and anger of all concerned – who have yet to learn the commonsense virtues of straightforwardness, transparency, honesty and good faith which are the globally acknowledged attributes and standards of Leo Wanta and Michael C. Cottrell, M.S.

• 16 November: A Vatican source declares that the Wanta Settlement payment will be effected on 17th November. This raises [see below] the important question as to whether the Vatican is now part of the conspiracy. If its high officials have made the grave mistake of entering into a further pact with the Devil, they will discover in the course of time (if not very shortly) that the people they are dealing with are snakes and are liable to turn on them, or to perpetrate serial frauds against them. So the Cardinals had better do some quick thinking before they find out the worst. In this connection, they should be extremely cautious of the blandishments of Dr Henry Kissinger, who is allegedly acting as an emissary for George H. W. Bush Sr. – who allegedly succeeded him as Grand Capo of Deutsche Verteidigungs Dienst (DVD), Dachau, the secret ‘Black’ Nazi Continuum which is the primary source of all the disturbances wracking the world today, and which formulates its global Pan-German strategy on the basis of the Madrid German Geopolitical Centre’s dictum that ‘For us, the war never ended’ [‘Fur uns ist der Krieg niemals vorbei’].

• 17 November: The US Treasury sends a Data Transmittal (‘Data Burst’) for the transfer and delivery of the $4.5 trillion +++ payments: US TREASURY – FEDERAL RESERVE – BANK OF AMERICA (Los Angeles) – WACHOVIA BANK (New York) – ALL ACCOUNTS.

• 17 November: WACHOVIA BANK DIRECTS THE PAYMENTS TO HSBC (Birmingham, United Kingdom), and Deutsche Bank, Berlin, via MR ROBERT ARMENTA (so-called ‘Compliance Officer’, Federal Reserve Bank of New York) and MR DONALD TRUSLOW (Wachovia, New York). This information was provided by a US Treasury Compliance Officer.

• 17 November: Chinese parties advise associates of Ambassador Wanta and Michael C. Cottrell, M.S., as follows:

1. Hank (‘Conflict-of-Interest’) Paulson had approached the Chinese authorities and the Elders with a proposal that they should accept a joint trading venture between China, the US Treasury and AmeriTrust Groupe, Inc, Leo Wanta and Michael C. Cottrell, M.S.

2. The Chinese parties, reflecting their acutely intelligent understanding of the overall situation, responded that this might be possible ONLY if Ambassador Wanta and Mr Cottrell were to agree.
Of course, this represented yet another device by the Paulson Treasury to erect a false front with a view to scamming the Ambassador. Note however that the Treasury included the Ambassador and Mr Cottrell in their proposal, even though, like school children who have stolen their friend’s dolly, they have refused to communicate directly with the Ambassador and Mr Cottrell, because they know they are in the wrong. That is daily becoming more and more of a gross understatement.

• 18 November: The Chinese authorities advise that if AmeriTrust/Leo Wanta are not paid by 12.00 Noon on Monday 20th November 2006, they will give their expert associates the full authority to make the $4.5 trillion payment directly to Ambassador Leo Wanta and contract. Underlying this stance are two crucial factors:

1: The only Americans they trust are Ambassador Wanta, with whom they had extensive dealings many years ago, and who they know to be a financial expert who can always be relied on to meet his obligations, as he always did in his past dealings with them, and his colleague Michael C. Cottrell, M.S.. By contrast, Hank (‘Conflict-of-Interest’) Paulson has lied to them several times – something that Chinese never forget. You should never, ever, lie to a Chinese.

2: The Chinese authorities are extremely concerned that the irresponsible and reckless behaviour of the Bush II authorities will lead to a universal financial and economic catastrophe, in the course of which their economy will be crucified. By making the payment direct to the Ambassador’s Securities Account with Morgan Stanley, New York, they will be assured that the taxed trading programmes which are ‘ready to go’ will generate the appropriate resources for global refunding and stability, preventing the catastrophe that is looming and may be only days or weeks away.

• 18 November: The so-called ‘Compliance Officer’ with Deutsche Bank, New York, admits that Las Vegas – where a sizeable group of criminalised intelligence operatives is based, given that in that city’s environment, they enjoy reliable cover as everyone there is a crook of some kind or another – is the ‘entry point’ for the money laundering of US dollars to ‘mirrored accounts’ at Deutsche Bank, Frankfurt and Berlin. Note: The 17th Floor of Deutsche Bank’s skyscraper in Frankfurt is an offshore centre, and therefore does not form part of the Federal Republic of Germany.

This revelation throws the spotlight on the nefarious drug-related operations of the George Bush Sr. (DVD Chief) component of the ‘Box Gang’, and shows how fiat and drug-trafficking funds are funnelled into the coffers of Deutsche Bank, which is the DVD’s primary operating institution – implementing the DVD’s long-range Nazi Continuum Global Hegemony Strategy, driven by bribery.

• 20 November: Chinese source advises (corroborated by a second reliable source) that President George W. Bush had been sharply urged during the Vietnam Summit Meeting on 18th November by the Chinese Finance Minister to effect the Wanta payment without any further tricks, shenanigans or deceptions. President Vladimir Vladimirovich Putin, who was present at the meeting, concurred. He is owed $30 billion under the Reagan Protocols, which Ambassador Leo Wanta must disburse.

* 20 November: The US Treasury now wheels out its pre-arranged alibi – which is that Wachovia is uniquely responsible for effecting the payment, since Wachovia had received, and then ‘lost’, the funds. However, the funds disbursed to Wachovia were NOT the hard cash dollar cash funds ($4.5 trillion) which remain tagged and held in the name of Ambassador Leo Wanta and his Commonwealth of Virginia-based AmeriTrust Groupe, Inc., but rather ‘shadow’ fiat funds generated by the illegal trading of Leo Wanta’s tagged $4.5 trillion. This deception was perpetrated under the watch and authority of Hank (‘Conflict-of-Interest’) Paulson, who has signature authority over the $4.5 trillion illegally held and traded by Goldman Sachs, New York. Unfortunately for Mr Conflict and all perpetrating co-conspirators concerned, this deception was unmasked by us in real time, and the conspirators were caught IN FLAGRANTE.

They have been flailing around like terrified rats in a sack ever since.

* 22 November: The US Treasury, the Federal Reserve and the White House are jointly and openly undermining the US dollar so that the EU Collective Currency and the pound sterling are artificially strengthened, collecting a large pool of US dollars offshore (in the United Kingdom, India and Malaysia), facilitating the generation of massive profits through undertaking trades that discount the value of the US dollar. Additionally:

* They are seeking to drag the United Kingdom and Switzerland into supporting the EU Collective Currency (which, because it is a collective currency controlled by no sovereign power, is actually backed by nothing), rather than the US dollar and/or their own currencies.

* This of course diminishes the value of the Chinese authorities’ $1.0 trillion reported pool of foreign exchange (dollar) reserves.

* These transactions also highlight the idiocy of most financial/economic reporting on the dollar crisis to date by ‘mainstream’ media pundits, who (a) have neglected our reports on this subject since June, (b) are having to run fast to catch up, (c) have still failed to factor in the collapse of confidence generated by the US authorities’ criminal financial operations and manoeuvres to avoid paying out the real hard dollar cash $4.5 trillion tagged and earmarked in the name of Ambassador Wanta and his corporation, and (d) are being intimidated by US Government thugs from reporting this crisis. {However the Editor now has several European ‘mainstream’ journalists who are anxious to ‘break’ the story, and will do so if they, too, are not intimidated likewise].

* 22 November: International Currency Review, Volume 31, Numbers 3 & 4, with the 24-page Supplement on the Wisconsin Taxation Gestapo Fraud, is collected by the Royal Mail from our London premises. It takes several hours to load the very large transporter sent to us for the purpose. The double issue, which consists of 480 pages, is devoted exclusively to the background to the biggest criminal financial conspiracy in the world, which the aforementioned operatives are trying in vain to cover up. It has a picture of Ambassador Leo Wanta, whom the CIA told the international financial community was long since DEAD, on the front cover.

The Supplement makes it clear, inter alia, that the Wisconsin authorities, who have never returned Ambassador Leo Wanta’s sealed diplomatic briefcase, have stolen US Treasury instruments worth $18 billion from it. Facsimiles of banking transactions that involve all the banks listed in our recent posting, are displayed in the journal.

* 24 November: An attempt is made, by a representative seeking to facilitate transactions, to get AmeriTrust Groupe, Inc. to approve and participate in a US Treasury Buy/Sell ‘off-balance sheet’ transaction with SKS, a California corporation, via Bank of America. This approach was made to Mr Cottrell not once, but TWICE.

Note: The perpetrators of these scams DO NOT, EVEN AT THIS VERY LATE STAGE, APPEAR TO HAVE COTTONED ON TO THE FACT THAT MR COTTRELL AND THE AMBASSADOR WILL NEVER COMPROMISE THEIR PRINCIPLES FOR SELF-ENRICHMENT PURPOSES.

IF MR COTTRELL HAD BEEN PREPARED TO BEND THE RULES LIKE THE REST OF THESE CLOWNS, HE WOULD LONG SINCE HAVE BEEN A TRILLIONARE. WAKE UP, USEFUL IDIOTS!

* 25 November: Another incredible proposition is made by an Arab intermediary, who was no doubt associated with George Bush Sr., to be involved, would you believe, in a vast currency exchange transaction switching $300 trillion into Euro. This would of course destroy the US dollar and would implode the EU Collective Currencyitself, which as indicated above is underpinned by zilch. The brazen effrontery of this latest approach makes it clear that the DVD is fully intent upon inflicting its coup-de-grace on the Americans, as it clearly sees this situation as its last chance to achieve its objective (stated in documents captured by the Allies after World War II) of ‘Building the Thousand-Year Reich on the Ruins of the United States’.

Under the intended global system, it would not, therefore, be the US dollar that acts as the genesis of the intended New World Order global currency, but rather a revived deutschemark, or World Mark. It is worth examining this element of the conspiracy in more detail:

The provider of US dollars under this gross transaction would be a front company operating for the Federal Reserve labelled ‘GESG’ [see: www.GESG.org] via the CIA’s captive bank, Bank of America, Los Angeles, California. The banker involved is a certain Mr Marvic. This is a Black operation of the traitorous ‘German Fifth Column’ within the CIA which, come the revolution that these people seem to be laying the groundwork for, will experience the actual harsh reality of George W. W. Bush Sr.’s reported comment: ‘If the American people knew what we had done, they would string us all up on lamp posts’. The Editor has suggested in several reports that it might not, therefore, be a bad idea to invest in the shares of a street furniture manufacturer.

Mr Cottrell informed the Editor that when the Arab intermediary put this certifiably mad proposal to him, he responded: ‘If this suggestion comes from George Bush Sr., please inform him where he should put it’. [The language used was actually more graphic, but since this is a respectable site, we refrain from further information]. The Arab, having apparently acquired the mentality of his German mentor, responded: ‘Please come back to me when you are feeling better’.

[We need hardly elaborate what colossal damage this abominably reckless Teutonic proposal, if implemented, would inflict. It would permanently destroy the US dollar and would enable the European criminalists to seize, temporarily, control of the world oil market as no-one would invoice their oil exports in dollars ever again. It shows what evil intentions DVD entertains, and why it will be urgent to ‘take out’ Dachau if things are not resolved, according to UK intelligence sources].

* 26 November: Henry (‘Conflict-of-Interest’) Paulson is reported to remain unwilling to place any relevant transaction ‘on the books’; yet it is made clear to everyone that the non-participating international banking community has lost all confidence in President Bush and Mr Conflict-of-Interest – not that this comes as any surprise, given how far these nutcases have allowed the situation to deteriorate.

* 27 November: The Vatican, acting as some kind of powerful intermediary, informs AmeriTrust Groupe, Inc, that ‘Payment will be made by 1st December 2006’ – by the Chinese parties, equipped with official authority to transfer $4.5 trillion to Wanta’s Virginia-based corporation’s Securities Account at Morgan Stanley, New York.

* 27 November: The Chinese fail to follow through with this alleged undertaking. Indeed, they stall all activity, as the US Treasury has informed them that it will effect payment by 1st December – THEIR WAY. Of course, this turns out to be nothing more than yet another stalling tactic, so the Chinese have been ‘shafted’ yet again – and lied to noch einmal by Hank (‘Conflict-of-Interest’) Paulson.

* 27 November: European bankers concur with the Vatican that payment of the Wanta Settlement will be effected by 1st December, and that if there is another deception, and payment is not made, they will begin to dump the US dollar in earnest. Payment is not made, and the dollar starts its steep, disorderly depreciation, in precise accordance with our published warning dated 2nd September 2006*.

* 28 November: Mr James R. Wilkinson, at the White House, advises associates of the Ambassador and Michael C. Cottrell, M.S., that ‘it is getting done’, with reference to the effecting of the payment. Note that this assertion is made by the White House notwithstanding the fact that Mr H. M. Conflict procured a week earlier that payment was made to Wachovia, which appears to have misdirected the funds on the basis of the pre-arranged plan coordinated by Mr Conflict-of-Interest. The rats in this rotting sack are thrashing around greedily devouring new holes in the sack and getting hemp all strung up round their throats. Specifically:

* 28 November: Direct pressure is exerted on Federal Reserve Bank Chairman Ben Bernanke and the Federal Reserve Board. But Wachovia Bank, which has alienated or ‘lost’ the ‘shadow’ $4.5 trillion +++, stalls, while the hard US dollar cash tagged and earmarked $4.5 trillion remains with Goldman Sachs. Notwithstanding this fiasco, the Federal Reserve Board again instructs Wachovia to make the payment.

* 28 November: The Chinese authorities formally advise the United States that it must settle the Wanta payment, or else China will promptly diversify its holdings.

* 28 November: It transpires that Prime Minister Tony Blair was informed of this situation via the United Nations Ambassador on 26th November.

* 29 November: By now, copies of International Currency Review have thudded onto the desks of key personnel in the main Central Banks around the world, all the main international financial institutions, Treasuries, the European Central Bank, leading intelligence agencies and international investors globally. It has also landed with a thud on the desks of the following: The President of the United States, George W. Bush Jr.; Dr Alexandra Nogawa, Bank for International Settlements; The Republican National Committee; The Office of the Prime Minister of Israel; The Hon Gordon Brown, British Chancellor the Exchequer; Senator William H. Frist, Republican Presidential Task Force; The Hon John D. Rockefeller IV; The Hon Hank (‘Conflict-of-Interest’) Paulson himself; Mr Tom Henneghan, Venice, CA; Jay Timmons, Executive Director, Republican National Task Force; The Hon Pat Roberts; Gordon Thomas, British intelligence adviser; The President of Austria; The Ambassador of the Republic of Austria to Great Britain; Senator Richard C Shelby; Senator John Warner; Senator Harry Reid; His Excellency M. Jean-Paul Levitte, Ambassador of France to the United States; Congressman Steny Hoyer; Senator John E. Sununu; Senator Paul S. Sarbanes; The Hon. Dr Condoleeza Rice, the American Secretary of State; His Excellency President Vladimir Vladimirovich Putin; First Lady Nancy Reagan; Governor Arnold Schwarzenegger of California; The Hon Robert Gates, the Nominee Secretary of Defense; The Hon Roberto Gonzales, US Attorney General; The Hon Richard Cheney, Vice President of the United States; Senator Arlen Specter; Senator Herb Kohl; Senator Chuck Hagel; Senator Chuck Grassley; Senator Richard Durbin; Senator Charles E. Schumer; Senator Joseph R. Biden, Jr.; Senator Carl Levin; Senator Joseph I. Lieberman; Thomas E Henry, Attorney-at-Law, Omaha; Steven Goodwin, Attorney-at-Law, Richmond, VA; top Bank of England officials; and intelligence officials on both sides of the Atlantic. Copies of the journal have also of course been received by subscribing Central Banks worldwide.

A further delivery of copies leaves our office in Central London this week.

* 29 November: Following global delivery of International Currency Review, which exposes the entire conspiracy to ‘take down’ Ambassador Leo Wanta and to steal the $27.5 trillion of which he is Principal, a ‘cone of silence’ descends. The journal gives extensive details, in facsimile, of a large catalogue of massive geofinancial transactions for which Leo Emil Wanta was responsible before his ‘takedown’, thereby revealing which international banks have been illegally using the funds, now worth about $75 trillion.

* 29 November: Unreported in the somnolent ‘mainstream’ media, the Government of Iraq told President George W. Bush in Amman to ‘get out of Iraq’ within 90 days, that is to say, by the end
of February 2007. Following this shock, the US delegation packed their bags and left early. All ‘mainstream’ reporting on this matter has been largely misleading. Note: This setback comes
as an extreme blow to President Bush, since the Iraqi misadventure was a bank robbery – and the ‘black hole’ of Iraq has continued, as under Saddam Hussein, to be used to HIDE ILLEGALLY PROCURED AND UNTAXED FUNDS, WHICH WILL HAVE TO FIND ANOTHER HIDEY-HOLE WHEN THE AMERICANS LEAVE IN THE FIRST QUARTER OF 2007.

* 30 November: Although it has been known that Dr Henry Kissinger, with his guttural German accent, has been ‘advising’ the Vatican for some time, this curious fact becomes ‘hard copy’ in late November, following its confirmation in a US Catholic newspaper. So here we have a DVD operative talking, perhaps, to another DVD operative. Has the Vatican made yet another pact with the Devil? As suggested above, the Cardinals need to think quickly and clearly about this one.

When George Bush Sr. was ordered out of Spain as a consequence of our earlier exposures  – 
and told by the Bank of Spain to ‘get out and take your dirty money with you’ – George H. W. Bush Sr.’s ‘people’ appealed to the Vatican. They have to have reliable counterparties to ‘play with’,
see. The Cardinals should ponder whether their new playmates can be trusted, or whether they are snakes that will turn round and bite them, having of course scammed them dry first. This is indeed what will happen: so the Vatican will be dragged into the vortex of calamity that is looming – due to its greed and willingness to ‘do business’ with these criminal gangs, as of old under ‘Bishop’ Marcinkus, the Chicago gangster dressed up in ecclesiastical garb.

[NOTE: On 4th December, Catholic News Service issued a report headed 'Vatican spokesman says Pope did not ask Kissinger to be his adviser'. Quite so! Kissinger barged in on the Vatican! The report noted that 'A New York-based correspondent from the Italian newspaper 'La Stampa' wrote November 4 that Kissinger had told "an important member of the Italian Government" of the papal offer and that a "diplomatic source" at the Vatican had confirmed that "an important dialogue is under way between the Pope and Kissinger"'. It is also known that Mary Ann Glendon, a US law professor and President of the Pontifical Academy of Social Sciences, has invited Kissinger to speak to the academy at the Vatican in late April. Jesus Christ dined openly with publicans and sinners, because he said that he was not come to save the righteous, but rather 'the lost sheep
of Israel'. Whether the particular lost sheep of Israel, the alleged DVD operative Henry ('Henny') Kissinger, has anything appropriate to teach the Pontifical Academy seems most doubtful. In the meantime, he will no doubt have been attempting to 'teach' the German Pope about the 'necessity' to authorise the Vatican Bank to conduct illegal fiat 'funny money' transactions with his associate,
alleged DVD Chief, George H. W. Bush Sr., for whom he is reliably reputed to act as 'mentor'.].

* 30 November: The Editor of this service approaches the UK Treasury and asks for an interview with the Principal Private Secretary to the Chancellor of the Exchequer. Voices at the other end say ‘Yes Christopher, we’ll get back to you’. Nothing at all happens, even though Gordon Brown, an operative himself, knows Ambassador Leo Wanta of old. This implies that the United Kingdom is up to its own neck in this financial criminality, which is indeed known to be the case in certain quarters.

* 30 November: European banking sources confirm that their new electronic banking system (software and hardware) will be activated by 5th or 6th December, providing for transparency. By contrast, as indicated, the new US securities trading system is explicitly provided with the means
to transfer funds off-balance-sheet. This is consistent, of course, with Mr Conflict-of-Interest’s new campaign to replace the existing (porous) ‘rules-based’ system, with a new so-called ‘principles-based’ system specifically designed to provide an India-rubber environment conducive to enabling these financial scamsters to avoid being indicted and locked up in jail for life. If Ambassador Wanta can be mercilessly slammed into jail for an intended 22 years on trumped-up, false tax charges for an illegally raised $14,129 that he arranged to be paid three times, and which was never credited
by the Wisconsin tax authorities, no doubt the serial perpetrators of these financial crimes can reasonably expect to receive lifetime sentences, which is what they deserve. They are of course relying on the usual self-serving corruption among the judiciary to spare them that fate.

* 30 November: NO PAYMENT.

* 01 December: NO PAYMENT.

* 03 December: In a conference call, Ambassador Leo Emil Wanta and Michael C. Cottrell, M.S.,
are informed that an investigator who possesses the documentation that is associated with the Treasury’s ‘data burst’ on 17th November [see above], which supposedly contains details of what was to happen to the purported payments, was suddenly visited by US Secret Service agents (operating for the Treasury), and was instructed not to release the documents to the Ambassador and Michael C. Cottrell, M.S. The instruction allegedly came from Mr James R. Wilkinson in the White House. Technically, the Secret Service has been merged into the Department of Homeland Security (a.k.a. the Soviet-style Ministry of State Security, which is something of a shambles), but Secret Service agents still, in practice, take their instructions from the White House. The rationale given for this clumsy intervention was that making the ‘data burst’ instructions available to the Treasurer of AmeriTrust Groupe, Inc., would be contrary to the national interest.

DID THE U.S. TREASURY’S INSTRUCTIONS ACTUALLY PROVIDE FOR THE WANTA PAYMENT TO BE MADE, OR DID THEY BY ANY CHANCE CORRUPTLY AUTHORISE ITS DIVERSION?

[YES THEY DID! SEE ABOVE...].

In reality, fulfilment of the Wanta Settlement is so overwhelmingly in the US national interest, and in the interest of the whole world, that nothing else matters. The Secret Service agents’ intervention gives rise to the following considerations:

1. Did the Treasury’s data burst instructions ACTUALLY contain instructions to pay the $4.5 trillion to AmeriTrust/Wanta’s Securities Account with Morgan Stanley in New York, OR did it contain deviant instructions for the ‘shadow’ fiat $4.5 trillion+++ (or whatever total was payable) to be disbursed and then alienated to other parties, WHICH IS WHY THE SECRET SERVICE HAS INTERVENED TO PREVENT THE DOCUMENTS BEING REVEALED TO THE AMBASSADOR AND MR COTTRELL?

2. After all, if the ‘data burst’ instructions were indeed concerned with payment of the Settlement, what is preventing the Treasury releasing them, since they claimed that they had fulfilled their obligations towards the Ambassador?

3. Manifestly, if the Treasury’s ‘data burst’ instructions directed Wachovia Bank to pay the funds to OTHER PARTIES, the US Treasury has AGAIN been caught IN FLAGRANTE, lying to all concerned that official instructions were given to pay the Wanta Settlement while in fact making arrangements for the funds in question to be DIVERTED AND STOLEN.

4. If this turns out to be the case, we have a corruption crisis literally with no historical precedent, which could bring down the Bush Jr. Administration.

5. Remember that this further fraud has taken place ‘within’ the outer fraud whereby Goldman Sachs retains custody of the hard dollar cash $4.5 trillion, in an apparent conspiracy with Henry (‘Conflict-of-Interest’) Paulson, who has signatory power over that account.

IT IS NOW PLAINLY THE DUTY OF THE U.S. TREASURY TO REFUTE THE ABOVE POSSIBILITY.

IF THE ‘DATA BURST’ INSTRUCTIONS REFERRED TO WANTA’S PAYMENT, LET IT NOW CONFIRM THIS BY AUTHORISING THE RELEASE OF THE RELEVANT ‘DATA BURST’ INFORMATION TO THE AMBASSADOR AND MICHAEL C. COTTRELL, M.S. , WITHOUT FURTHER OBFUSCATION OR DELAY.

BEAR IN MIND THAT THE TREASURY HAS ADOPTED THE STANCE THAT IT HAS FULFILLED ITS OBLIGATIONS CONCERNING THE WANTA SETTLEMENT AND THAT IT IS A MATTER FOR WACHOVIA TO ADDRESS.

In the event that the Treasury instructed Wachovia Bank to disburse the ‘shadow’ $4.5 trillion other than in accordance with its stance that it has fulfilled its obligations towards the Wanta Settlement, the Treasury has been caught in the following scams:

* Conspiring to divert the ‘shadow’ $4.5 trillion illegally, WHILE:

* Deceiving relevant parties into believing that it has fulfilled its obligations with regard to the Wanta Settlement, when this is not the case.

* Employing its Secret Service to prevent exposure of its corrupt behaviour and lies, on the ground that conveying the ‘data burst’ instructions to the Ambassador and his treasurer would be against the national interest, WHEN:

* The whole world and its dog knows that fulfilment of the Wanta Settlement and the ending of this crisis is not only in the US national interest, but in that of the whole of humanity.

* Committing treason against the United States as well as breaking all the laws detailed in our earlier reports.

* Also: was the ‘computer glitch’ that was used as the pretext for the closure of the Treasury’s system shortly before this corrupt payout, actually a device to enable computer programmers to fiddle the payout instructions to perpetrate this fraud?

LET MR CONFLICT-OF-INTEREST EXPLAIN WHY IT WAS NECESSARY FOR THE SECRET SERVICE TO INTERVENE IN ORDER TO PREVENT MR MICHAEL C. COTTRELL, M.S., SEEING THE ‘DATA BURST’ INSTRUCTIONS, IF THESE INSTRUCTIONS IN FACT PROVIDED FOR THE WANTA SETTLEMENT.

IF, HOWEVER, AS WE SUSPECT, THE ‘DATA BURST’ INSTRUCTIONS IN REALITY DIVERTED THE ‘SHADOW’ $4.5 TRILLION AND WERE NOT – CONTRARY TO THE STANCE OF THE TREASURY AND THE FEDERAL RESERVE – INTENDED TO EFFECT THE WANTA SETTLEMENT, LET HENRY M. (‘CONFLICT-OF-INTEREST’) PAULSON NOW EXPLAIN TO THE WHOLE WORLD WHY THE U.S. TREASURY AND THE FEDERAL RESERVE LED PARTIES TO BELIEVE THAT THE ‘DATA BURST’ INSTRUCTIONS GAVE AUTHORITY FOR THE WANTA SETTLEMENT – WHEN IN FACT THE FUNDS WERE BEING DIVERTED, AS WAS REVEALED BY THE TREASURY’S OWN COMPLIANCE OFFICER.

Mr Henry M. (‘Conflict-of-Interest’) Paulson: Your job, your whole future, the survival of the Bush II Administration, and the tarnished reputation of the entire US Federal Government and the Federal Reserve, depend on you clarifying this situation without telling any more lies.

If you do confirm that the ‘data burst’ instructions were intended to implement the Wanta Settlement, what have you to hide? If it later turns out that you have again lied, no doubt you will receive the appropriate come-uppance.

If the ‘data burst’ instructions did indeed order the funds to be illegally diverted elsewhere, your best bet will be to ‘come clean’ NOW – before the situation careers completely beyond any hope of control, and the imminent worst case scenario of a hyperinflationary runaway global financial crisis sweeps Mr Bush II and his Administration into oblivion – and you, Mr Conflict-of-Interest, into jail.

V.K. DURHAM WRITES TO BUSH SUPPORTING WANTA SETTLEMENT
On 1st December, V. K. Durham, with deep US intelligence community connections, echoing complaints posted on this website, wrote as follows to President George W. Bush Jr., Henry M. Paulson, Secretary of the Treasury, US House Members and the Chairman of the US Senate Banking Committee, Charles E. Grassley:

Regarding: Obstruction of Executive Order, i.e. President Ronald Reagan to Ambassador Leo Wanta and subsequent Order of the Court to release funds; Interference with said Order of the Court; Non-Compliance with Order of the Court; and: Regarding US Debt, unauthorised derivatives and current US banking, financing and economic loss of credibility and support among the world community:

Mr President: This nation has lost all credibility along with her international Good Faith and Credit, and is currently standing on the brink of banking, financing and economic collapse due to ongoing criminalities by those representing this nation.

The Courts have ordered Ambassador Leo Wanta’s money to be released and paid immediately… Unfortunately, Mr President, Ambassador Wanta’s monies remain ‘hostage’ and ‘held up’, aside from being ‘non-paid’ in violation of said Court Order.

Considering [that] James Banker III has been called back to ‘straighten’ out some of these irregularities, involving highly suspect, and unauthorised (by the owner-holder) banking, financing and economics ‘derivative’ transactions…, and Russia, China, Malaysia, Indonesia, Germany, France, and other ‘victim’ nations… have brought this to your attention recently: have you considered authorising the release of Ambassador Wanta’s monies… for the betterment of the nation and all concerned?

Mr President, as you are fully aware, I have supported the Constitutional Office of the President very strongly… and shall continue to do so in the future. However, Mr President, this nation is currently IN HARM’S WAY…, and, as the duly constituted outstanding, primary creditor of the United States of America and ALL debtor nations, might I suggest [that] you use your Powers of Office as the President of the United States… and ‘order’ the release of Ambassador Wanta’s funds?

In furtherance: You are aware of the amount [that] Ambassador Wanta has agreed to pay back to the Treasury’s Internal Revenue Service [the initial windfall tax amount of $1.6 trillion, which will be ON-BALANCE SHEET]. This will benefit the nation greatly, plus, it would benefit the international ‘opinion’ of this nation, and possibly go a long way in restoring the CREDIBILITY of the United States of America.

It is hopeful, Mr President, [that] you will see the wisdom behind allowing Ambassador Wanta’s monies [to be] freed up… to ‘inject’ legitimate money back to the Treasury.

By the way, Mr President: What happened to the $6.5 trillion dollar ‘U.S. and Latin American debt swap/debt conversion payment [remitted by] this Durham Holding Trust, Tias 12087, which was paid in GOLD COLLATERAL, paying the US and Latin American debts back in May 2003?

Regards,

V.K. Durham, C.E.O (4).


Notes:
The article dated 2nd September warning of this crisis is appended below these notes. It may also be accessed via our ARCHIVE button on www.worldreports.org.

(1). The 24-page Supplement published with International Currency Review, Volume 31, # 3-4, distributed worldwide on 22nd November, displays, in a step-by-step manner, and with the help of diagrammatic captions, the relevant tax documents proving the perpetration by the Wisconsin Department of Revenue, of grossly oppressive, unjust, inaccurate, and arbitrary tax demands and tax collection practices against Ambassador Leo Wanta. To cite the most abominable of these malpractices, the Department issued a Delinquent Tax Warrant, which it subsequently divided into two, with the SAME DTW number, accepting certified Court Satisfaction of the (illegally charged) amount of $14,129, paid under protest in 1992, while at the same time, perpetuating the newly created component for the same amount. This represents just about the most abusive form of illegal tax oppression imaginable. Further, the illegally charged amount of $14,129 was PAID TWICE UNDER PROTEST from Singapore, where Leo Wanta was working at the time on sensitive US Government intelligence investigations, having worked abroad and being therefore non-resident in the State of Wisconsin, since 1985. In July 2005, the same amount, plus interest (representing the ‘continuation’ of the previously ‘satisfied’ amount, after the DTW had been divided in two, like an amoeba), was paid a third time, following which the Ambassador was released from all illegal restrictions with effect from 14th November 2006. On 2nd November 2006, Ambassador Wanta received a demand from the reprobate Wisconsin Department of Revenue demanding $43,304.42. In a breakdown accompanying this illegal demand, the figure of $14,129 was displayed – this being the same $14,129 that was paid in May 1992, June 1992, and July 2005.

Given that the CIA had spread the lie that Leo had been DEAD FOR MANY YEARS, one can imagine the shock that reverberated throughout the international banking and intelligence communities, when he suddenly ceased to be dead with effect from July 2005. In the wake of this huge shock, the US authorities negotiated a compromise Settlement with Wanta worth $4.5 trillion, given that, failing this payment, he remains Principal of the original $27.5 trillion (now worth around $75 trillion) raised from 200+ banks following his Financial Warfare operation to destabilise the Soviet Union, which he implemented from Vienna on President Reagan’s instructions.

The compromise Settlement aimed to get the banks off the book, since the $27.5 trillion has been illegally collateralised, misdirected, hypothecated and misused without the Ambassador’s permission, since July 1992. Under the Wanta Settlement, a veil would be drawn over the fact that the banks have stolen these funds. Absent the Settlement, the entire $27.5 trillion (now $75 trillion), is callable by the Ambassador.

In April-June 2006, the $4.5 trillion of REAL CASH DOLLARS was brought across the exchanges, and was tagged and earmarked in the name of Ambassador Leo Emil Wanta and his Commonwealth of Virginia-based corporation, AmeriTrust Groupe, Inc.. While en route to the St Petersburg Summit in July, President George W. Bush ordered the funds not to be paid out, and they remain tagged and earmarked in an account with Goldman Sachs, New York, from where they have been traded and replicated illegally, without the owner’s permission, many times over. The Treasury Secretary, Hank M Paulson, is the former CEO of Goldman Sachs, and has signature authority over the Ambassador’s real cash funds – representing the Grandfather of all Conflicts of Interest, which is why we call him Hank (‘Conflict-of-Interest’) Paulson.

(2). Astonishingly, there are still some people ‘out there’ who raise red herrings and irrelevant issues arising from the Ambassador’s confinement (which was originally intended as a 22-year jail sentence) in the State of Wisconsin. For instance, one commentator was advised by the Editor of this service to cease and desist from asserting that the Ambassador was released from jail in 2005. Leo was not: he was released from all restrictions and house arrest in November 2005, after the third illegal amount had been settled. Notwithstanding that the Editor of this service had to correct the commentator on this score, he nevertheless continued to repeat the disinformation that the Ambassador was released from jail in July 2005. Having been authoritatively informed of the truth, the disinformation became a typically abusive intelligence lie, when repeated after the point had been corrected.

Likewise, there are still some ill-informed people who persist in developing polemical arguments around incomplete or inaccurate information on the Wisconsin dimension. As indicated, the Editor has produced a 24-page Supplement which comprehensively demolishes all lies and disinformation concerning the Wisconsin State tax authorities’ participation, on Clinton White House instructions, in the ‘takedown’ of Ambassador Wanta. Anyone who embarks on inaccurate arguments based upon false or deviant ‘information’ on this subject, is liable to make a fool of himself. Rather than risk this, you may purchase a copy of the special 24-page Supplement for US$50, which must be paid by Visa or Mastercard. We are a commercial organisation and so cannot distribute materials for free, with certain exceptions (not applicable to this offer).

To find out the truth, rather than waste time barking up the wrong tree, please use the CONTACT US facility on our website www.worldreports.org, to provide us with the necessary information so that we can mail you a copy of this work. It demolishes all the CIA’s stale lies on the subject.

(3). The Ambassador’s sealed diplomatic briefcase, which contained 18 high-value US Treasury instruments, and was subjected to a search in Wisconsin, has never been returned to him. A ‘Return of Search Warrant’ prepared and signed by a Dennis M. Mengelt, Special Agent, Division of Criminal Investigation, Wisconsin Department of ‘Justice’, and dated 11th March 1994, lists the contents of the briefcase but OMITS any reference to the 18 high-value US Treasury instruments, worth $18 billion. (It is illustrated on page one of the Supplement). The reason that the briefcase has never been returned to the Ambassador is that the Wisconsin authorities cannot do so without ensuring that the briefcase contains the 18 high-value US Treasury instruments, which have been stolen for collateralisation and hypothecation purposes.

(4). The Editor is not briefed about the matter raised by V. K. Durham in her final paragraph. However he is reliably advised that her claims (unlike those of many renegade parties) are valid, and has respect for her inclusion of this matter here.

Ambassador Leo Emil Wanta: Diplomatic Passport Numbers 04362 & 12535 a.k.a. Frank B. Ingram [FBI] (Sector V) SA32NV; and a.k.a. Rick Reynolds, SA233MS. AmeriTrust Groupe, Inc: Federal EIN Number 20-3866855; Virginia State Corporation Identification Number: 0617454-4; Virginia State Department of Taxation Identification Number: 30203866855F001.

International Currency Review Volume 31, Numbers 3 & 4 was published worldwide on 22nd November 2006 and should have arrived in all parts of the globe by now. We have had confirmations that the special double issue was received – from the Reserve Bank of India, and from all parts of the United States, Canada, the UK and Europe. Also enclosed with the new journal was the 24-page Supplement mentioned above – illustrating, with tax documents, how the Wisconsin State Department of Revenue abused their powers and committed gross tax fraud against Ambassador Leo Wanta, in order to sustain the illegal and orchestrated 'takedown' of this great American financial genius and patriot so that the criminal gangs inside the US official structures could steal the $27.5 trillion (now worth perhaps $75 trillion) while he was 'out of the way' for 22 years. No other publication in the world has had the guts to cover this incredible story, which masks the worst financial crisis in world history.

Subscriptions may be entered from this website: Press Serials, SUBSCRIBE and then go through the very simple procedure, which is ultra-safe, because we have to use THREE codes to access Credit Card data.

Article posted on 2nd September 2006 warning of this $ crisis:

THE WANTA PLAN: HOW IT WILL TRANSFORM AMERICA'S FUTURE
A SOBERING MACROFINANCIAL AND ECONOMIC CHECK LIST

By Christopher Story, Editor and Publisher, International Currency Review.
World Reports Limited, London and New York: www.worldreports.org
PART ONE OF NEW INTERNET POSTINGS DATED 2ND SEPTEMBER 2006
For Part 2, see Archive Button or the main 'Click Here' report on Home Page.
Part 2 is entitled: NEW: WANTA CRISIS UPDATE + NEW INTELLIGENCE
GEOPOLITICAL INSIGHTS + LEO'S [EARLY] U.S. GULAG SUFFERINGS


The following Notes contrast the truly massive long-term and immediate benefits of implementation of The Wanta Plan, with the likely catastrophic consequences of the US authorities' cynical game-playing and bad faith by delaying/reneging on the accord:

THE MASSIVE BENEFITS OF IMPLEMENTING THE WANTA PLAN:
Prompt implementation of The Wanta Plan Settlement will have the following minimum consequences:

* The United States Government's finances will be transformed within a matter of no more than a few years. Within a decade or less, depending on how the incoming windfall tax accruals are allocated, the US Federal Government will have paid down its 'background' debt.

* Banks in the United States and abroad which are currently teetering on the brink of insolvency due to the severe financial knock-on effects of the US authorities' duplicity in failing to fulfil their solemn undertakings and obligations concerning the Wanta Plan, will not go to the wall, after all.

Under The Wanta Plan, transactions blocked due to the behaviour of the White House, the US Federal Reserve and their co-conspirators in the international and domestic financial communities, will be released and the pressure on the several banks that currently face bankruptcy, will unwind.

* The $4.5 trillion Settlement with Ambassador Leo E. Wanta represents a
compromise, which leaves the remaining original $23+ trillion, now worth about $58.5 trillion, uncollected  –  and lets the co-conspiratorial institutions in Europe and elsewhere that have long since assumed these funds to be uncollectible and usable as collateral for their own purposes, off the hook.

Under The Wanta Plan, these funds will not be collected and the corrupt
banks can heave a belated sigh of relief that they will not be held to
account, and their executives will not be arrested, after all. There will
cease to be any further need for bankers fearing exposure to jump out
of their high-rise office or city apartment windows any more.

* Therefore, in the banking sector, EVERYONE WINS  –  which is why
foreign bankers are clicking their heels in New York waiting to know why these long-sanctioned arrangements have not been finalised. It also explains why they are all lined up waiting to do above-board, taxable, on-balance sheet financing business with Ambassador Leo Wanta and Michael C. , M.s., whose financial record, experience and expertise is unrivalled and whose joint and individual reputations for integrity are genuinely appreciated worldwide by the powerful parties that matter. These INCLUDE the Chinese, the Russians, the French, the British and all the foreign partners of importance who have recognised the significance and benefits of The Wanta Plan.

* The Republican Party  –  which actually deserves what will befall it if The
Wanta Plan is not executed  –  will gain a sudden new lease of life, because
it will become free to offer the jaded electorate whatever bribes it fancies, starting with the abolition of the much loathed Inheritance (or 'death') Tax, reductions in Income and in Corporation Tax, and whatever further electoral inducements may be considered appropriate, given that a fresh Government will be in a far better overall financial position than its predecessors.

This assumes that the Republicans are not relying exclusively on rigging the election using the vote-tampering methods available to US political parties due to electronic voting and the vulnerability of the equipment and software to unscrupulous interference, such as occurred during the General Election in 2004. (It is possible that the cynical and jaded GOP may be so confident of its ability to rig all elections electronically that it prefers the comforts of the prevailing off-balance sheet, tax-free corruption self-enrichment system to the above-board benefits that will accrue from implementing The Wanta Plan as agreed but so far deceitfully reneged upon).

* The deficit-financing model will become obsolete. It has hobbled the
United States with ever more onerous taxation burdens which, left
'untreated' by the beneficial consequences of The Wanta Plan, will reach
insupportable and intolerable levels within the lifetimes of current working US taxpayers, whose prospects are becoming progressively gloomier.

* The US Treasury will cease to be controlled by the Federal Reserve, which is the situation at present, since the CHIPs are controlled by the Federal Reserve Bank of New York (FRBNY). Of course the Treasury should be in control of the Fed, not the other way round. And since the Fed is largely owned by foreigners, this state of affairs actually means that the Treasury is de facto controlled by foreign interests, as well. This scandal should be anathema to all Americans.

* The US Treasury will resume its ascendancy as the primary financial
institution in the United States, and the most powerful one in the world.
Its 'need' for the Federal Reserve will dwindle to vanishing point; hence:

* The corrupt Federal Reserve can be nationalised, converted into a central bank under the control of the US Treasury with appropriate independent policymaking safeguards, or abolished. There is massive resistance to this of course; but these are the objective facts of the matter. Alternatively, US policymakers can simply opt to leave things as they are, which would be unwise: but it's up to them.

* Infrastructure projects financed by financial flows arising from The Wanta Plan can be embarked upon without creating any new debt, as is currently intended, and from taxation revenues. The rotting infrastructure of the United States can thereby be renewed in the space of less than a decade.

* A properly funded back-stop welfare system can be devised to ensure
essential living standards for all without incurring debt obligations.

* Economic stimulation can be achieved, if necessary, in a sound and
balanced manner, free of debt creation.

* Because over time the US dollar will be strengthened, the permissive
deterioration of the US balance-of-payments that has become so notorious under the Bush II Administration, continues. But under The Wanta Plan, domestic manufacturing and prosperity gathers such positive, sustainable momentum, that the United States' dependence on foreign sourcing can be sharply reduced over time by import substitution (as is routinely prescribed for struggling Third World countries by the International Monetary Fund). Further, although US external deficits certainly need to be curbed, their significance as a source of instability is reduced because the beneficial on-budget, on-balance sheet self-financing of the US Treasury's operations has reversed the deadening impact of endless deficit financing, which has become obsolete, so that the overall Federal Budget is constantly improving.

This is because:

* The Wanta Plan harnesses legal dimensions of the fiat money system for
the benefit of the US Federal Budget. By contrast, the prevailing corrupt,
exotic off-budget, off-balance sheet tax-evasive arrangements are guaranteed progressively to destroy the residual integrity of the US dollar and of both the USD and the international financial systems, while also depriving the Treasury of vast tax accruals  –  a reality to which the perpetrators of these serial financial crimes are blinded only by their own stupendous greed.

* The stranglehold and power of financial institutions that have grown
fat on a full century of US official deficit-financing short-termism will be
diminished and ultimately broken.

Thus the interests of the big financial institutions diverge from those of
the US Federal Government (if it were to be directed by honourable people, which is not the case)  –  with the parasite financial institutions flourishing by selling and managing the US Treasury's vast and burgeoning indebtedness, which is constantly expanding for arithmetical reasons and because corrupt politicians are interested only in short-term electoral considerations.

It is from this sector that the real underlying opposition to The Wanta Plan
stems; for, in order to retain their privileged official debt-management
franchise, the big financial institutions routinely co-conspire with corrupt
office-holders and officials to devise exotic off-balance sheet self-enrichment mechanisms. This fickle community of interests between the finance houses and the corrupt office-holders and officials contrasts with the divergence of interests between the finance houses and the Government sector itself, which would apply if the Federal and lesser governments and their agencies were not perpetually in the hands of corrupt operatives and officials.

THE GRIM CONSEQUENCES OF ABORTING THE WANTA PLAN:
Not implementing The Wanta Plan will have the consequences indicated below, among many others. The primary assumption underlying what follows is that a wholly irrational and by now shambolic, terminal free-for-all has developed in which the myriad competing parties seek their own advantage, without regard for the broader consequences  –  or if they have any regard for them, place them on one side while they cynically pursue their own interests first.

This was the prospect at the beginning of September 2006, on the assumption that, as a result of the Chinese having AGAIN been deceived, double-crossed and lied to by the US Treasury, they take the drastic action indicated.

So the following Notes, which summarise the 'worst case scenario' arising
from any non-settlement of The Wanta Plan which must be paid out with the China payments, assume that the Chinese (both components) will have been double-crossed by the US Government again on 7th September, with the funds that are due to them on that date remaining, as usual, diverted and unpaid:

* To begin with, the entire mass of the international financial community
knows about this crisis  –  and that the American authorities have just lied,
double-crossed and deceived from the outset, that the Full Faith and Credit of the United States and the Rule of Law in America have collapsed, and that Bush II Administration officials are behaving like a bunch of arrogant Chicago gangsters who believe that because the intimidated 'mainstream' media have failed to pick this story up, they are protected from the consequences of their serial criminality and duplicity.

* Therefore, the consequences of blocking The Wanta Plan itemised below are NOT dependent, as the White House may have presumed, upon the continued suppression of this crisis by the controlled US and UK 'mainstream' media. On the contrary, the 'mainstream' media, which is being constantly updated on the crisis, is liable to be caught off-balance by the devastating global consequences of the Bush II White House continuing to block this beneficial Settlement. Put another way, 'they won't know what has hit them', and they will have to scramble to catch up.

* Institutions in the United States and abroad which are currently teetering on the brink of insolvency due to the severe financial knock-on effects of the US authorities' duplicity in failing to implement their undertakings and obligations concerning the Wanta Plan, will go to the wall. To the extent that these institutions are enmeshed in financial operations using Leo Wanta's funds or CHIPS credit, he will have a lien on their assets and will be entitled to lodge appropriate claims in the courts.

* Deceived just once too often by the duplicitous US officials, both the
Communist and the Taiwanese Chinese  –  who are now, due to US official
ineptitude, working together  –  order all payments via the Clearing House
Interbank Payment System (CHIPS) in New York to cease (on 14th August, one of the Chinese parties had already cancelled all its CHIPS payments, having earlier threatened to do so).

* The Communist Chinese increase the volume of oil traded in currencies
other than the US dollar, following reports from New Delhi and elsewhere in late August that such transactions had already started. With the failure of scheduled payments by the American authorities, implying clearly that the US dollar payments system has ceased to function and cannot be relied upon, the Chinese Communists decide that they have nothing to lose by switching from the US dollar for oil payments to other currencies.

* The Chang-Kai Shek (Taiwanese) Chinese, who have likewise been deceived, throw all caution to the winds, and follow suit, in a chaotic, irrational environment in which their former enemies in Peking are now their friends and the United States has become their implacable enemy (a development with momentous regional political repercussions, of course).

* Since President Putin has not been paid the $30 billion he is owed by
Ambassador Wanta under the Reagan Protocols, and has likewise been
deceived, he coordinates oil-trading policy with the Chinese and agrees to accept currencies other than the US dollar in exchange for exported Russian energy products. This relaxation is soon applied to all Russian oil and gas exports, which the Europeans now start to pay for in the EU Collective Currency and pounds sterling.

* The rest of the Trilaterals (Germany/France, Japan and probably Italy
and Spain) progressively abandon the dollar standard and start buying
and selling energy products using currencies other than the US dollar.

* The US dollar collapses by 50% or more. Since other key currencies are
now in greater demand, because they are needed for oil payments purposes, their massive appreciations reflecting the US dollar's steep devaluation are, if anything, exacerbated further, given this sudden new demand.

* Since many US imports, including of course oil, continue to be in demand domestically, US price inflation escalates sharply, followed by interest rates. Indeed interest rates chase inflation upwards.

* The US housing sector, already in implosion mode, shifts into free-fall,
housing starts collapse, and large swathes of the US economy follow
downwards into unknown territory.

* Unemployment rises steeply, placing added burdens on the welfare
sector which have further cumulative adverse financial consequences.

* Although the countries and blocs that have experienced steep appreciations in terms of the US dollar can continue for a time to trade reasonably satisfactorily between themselves, they all encounter increased competition from dirt-cheap American exports, which now assume the characteristics hitherto associated with the Chinese 'junk' that the United States has been ravenously importing from the 60,000+ factories that Western firms have established in China.

* The steep devaluation of the US dollar boosts US exports over time, in
due course bringing about sharp reductions and then the disappearance
of the country's $1 trillion annual trade deficit. This process, however,
is subject to the so-called J-curve effect, whereby the US trade deficit
worsens sharply to begin with, given that essential imports in the pipeline
cannot be cancelled and still have to be paid for with steeply devalued
dollars. It is only when these overhang transactions have been unwound,
which can take years, depending on the volume of forward import contracts placed, that the beneficial effects of the dollar's massive devaluation start to rebalance the country's external accounts.

The deficit on the current account takes longer to eliminate because the
outstanding debt continues to exist and has to be paid off with steeply
devalued dollars when surpluses appear on the balance-of-payments, which again may take several years. The immediate impact of the steep devaluation is therefore greatly to exacerbate the US domestic recession or depression brought about by the other adverse knock-on effects mentioned.

* Within a short space of time, Western economies, in particular, find that
their exports cannot compete, and their steep currency appreciations, while curbing inflation and probably delivering price deflation over time, leave exporting companies unable to compete, forced to lay off staff or to close down altogether because their overall operations have become loss-making or uneconomic. There will be much blood on corporate boardroom carpets.

* The US and all other stock markets experience a slump with no historical
precedent, which triggers bankruptcies throughout the business and personal sectors, throwing very large numbers of families into distress and inducing a sharp jump in the suicide statistics both in the United States and abroad. Foreclosures escalate, as do factory and corporate closures and failures.

* The stock market slump and knock-on consequences in related financial
markets spread like a malicious contagion worldwide, with unpredictable
outcomes universally conducive to an initial global slump.

* As reiterated above, the $4.5 trillion Settlement with Ambassador Leo Wanta represented a compromise, which would have left the remaining original $23+trillion, now worth about $58.5 trillion, uncollected  –  and would have let the co-conspiratorial banks in Europe, Israel and elsewhere that have long since assumed these resources to be uncollectible and therefore usable as collateral for their own purposes, off the hook. But since The Wanta Plan has not been implemented, the entire original $27.5 trillion (now worth about $70+ trillion) is collectable; and since so much of this money has been stolen, Ambassador Leo Wanta will wind up owning a sizeable number of large financial institutions, if the funds are not disgorged as will be required. Alternatively, sizeable banks will go to the wall, and their supervisory central banks will be obliged to pay Wanta what these banks owe him, to authorise control to be passed to Leo Wanta, or else to nationalise the banks in question.

* Chaotic currency realignments proliferate. If one underlying globalist
intention had been to exploit this developing crisis to 'call for' a world
currency, this project, like all such globalist forward planning and
conspiracies, turns out to be a monumental failure.

Instead, what has been achieved is that:

* The world currency, financial and trading systems rapidly disintegrate,
leading to the worldwide imposition of foreign trade tariffs and to a parallel ferocious, no-holds-barred, ruthless scramble for global energy resources that is far more intense than the current scramble, with extreme dangers for humanity.

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December 7, 2006 in Current Affairs | Permalink

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