CHINESE USING POUND STERLING FOR OIL PAYMENTS

Tuesday 12 September 2006 17:57

SITUATION DETERIORATING BY THE HOUR

Flash Report by Christopher Story FRSA,
Editor and Publisher, International Currency Review
World Reports Limited, London and New York www.worldreports.org

The following developments are reported from impeccable sources as at 5.30pm London time:

1. Chinese interests, acting independently of Ambassador Leo Wanta* and his business colleague Michael C. Cottrell, M.S., have 'pulled' five or six 'CHIPS' already.

2. The Chinese are using the British pound for oil payments purposes.

3. The pound is therefore likely to appreciate over the weeks ahead.

4. The European banks are continuing to block transactions of $100 million or more, thereby implementing their independently decided undertaking to maintain this stance until the Wanta Settlement has been concluded and their back-up transactions that are pending, can start.

Separate point for urgent consideration: In our Posting dated 24th July 2006, Christopher Story commented that Tables purporting to show the financial positions of several US Government-Sponsored Enterprises are BLANK in the Office of Management and Budget (OMB) presentation [see www.omb.gov, Federal Budget documents, Analytical Perspectives, Government-Sponsored Enterprises pages]. Since 24th July 2006, therefore, anyone in the banking community who may have been unaware of this fact has been on notice that the OMB has omitted the relevant financial data. The SPACES for the usual financial tables are shown, complete with headings: BUT THE TABLES CONTAIN NO DATA.

Can someone please explain to the Editor of International Currency Review why it is that, seven weeks after we first published this information, which anyone could check for themselves, the US Treasury implemented the fantastic carousel financing arrangements that were described in the Editor's Posting dated 2nd September 2006 [subsequently updated], which use the 'assets' of some GSEs as collateral? It is as though Mr Paulson went to the cupboard, opened it, found it not only to be bare, but without walls and a floor, slammed the cupboard shut, and then represented to the world that the cupboard is full of food so that we can all eat and be merry for years to come.

Nor is the phrase 'scraping the bottom of the barrel' appropriate here, since the barrel has no bottom to be scraped. No wonder the Chinese are using the pound for oil payments.

PS: Please note that Christopher Story is an 'honorary American'. He is ALL FOR the people of the United States gaining FULL CONTROL of their financial affairs. The Wanta Plan will ensure this.

*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

WORLD REPORTS LIMITED

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EDWARD HARLE LIMITED

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___

The Honorable, Treasury Secretary Henry M Paulson, Jr., Washington
   
  Informational Data, as of Monday, 11th September 2006
   
1. As to the aggregate [LEW/ATG**] amount of USDollars Four Point Five Trillion US Federal Court recorded Financial Settlement to be reconciled with the State of Virginia, USA; authorizing the state tax revenue Pre-Payment by AmeriTrust Groupe, Inc. in the amount of USDollars 270,000,000,000.00...... as well as, the US Department of the Treasury Pre-Payment Corporate Tax Revenue Payment, valued at USDollars 1,575,000,000,000.00 initially,with monthly disbursals thereafter,
   
  ** In Re: -       AmeriTrust Groupe, Inc., Richmond, Va, USA  23219
   
  Federal EIN Number :   20 - 3866855
   
  Virginia State Corporation Identification Number :  0617454 - 4
   
Virginia State Department of Taxation Identification Number : 30203866855F001 to immediately receive USDollars 270,000,000,000.00 initially,
   
2. As to the state of Pennsylvania, Pennsylvania Investments, Inc., the Joint Venture Operations [ between ATG-PII ] taxable receipts, that will be " set-aside" by their Corporate President, Michael C Cottrell , M. S. .... will be readily available at the current state revenue taxation base [9.9 %] within 7 - 10 days upon the AmeriTrust Groupe, Inc. economic receipt of above-mentioned Financial Settlement, still mysteriously delayed within Goldman Sachs/CitiBank - New York, in conjunction with our US Department of the Treasury, Secretary Henry M. Paulson, Jr. et al..
   
3. As to the state of New York, six (6) Financial Institutions will be transacting each banking day/week; a massive trading programme scheduled creating New York state revenue collections in the settlement range of USDollars 75 to 100,000,000,000.00 per each and every banking day, as the programme is initiated under our Joint Venture Agreements, in reference to our US House of Representatives, H. R. 3723, et al.
   
  cc: The Honorable, George W Bush, Jr.
        Office of the President
        Washington, DC, USA  20500-0001

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