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High Crimes Being Committed By US Treasury Secretary Henry M Paulson Not Being Reported By Mainstream Press Or Television,.
PAULSON CONFLICT OF INTEREST OVER WANTA FUNDS
CONSPIRACY TO STEAL WANTA’S $4.5 TRILLION EXPOSED
Tuesday 21 November 2006 23:27
PAULSON CAUGHT 'IN FLAGRANTE' CONSPIRING TO HOLD ON TO THE $4.5 TRILLION
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.
Note to all ICR subscribers: Please read this and preceding postings
for updates that are not included in the latest (double) issue [International Currency Review,
Volume 31, #s 3 and 4], which went to press in late October. The list
of banks with accounts holding funds belonging to the Ambassador, was
published in the posting dated 26th October 2006 entitled AUTHORITATIVE
LIST OF THE WANTA BANKS. The earlier posting on the offer made by
Ambassador Leo Wanta to the Austrian authorities remains accurate,
valid and unaltered by subsequent developments. It is up to Vienna
either to accept or to reject his offer of massive tax windfalls.
Ever since the formally agreed and signed-off Settlement for Ambassador
Leo Wanta of $4.5 trillion, which he has made over to his
Virginia-based corporation AmeriTrust Groupe, Inc, was hijacked by the
criminal gangs running the US Government in July 2006, Leo Wanta's
associates and key investigators, operating deep within the financial
system, have been able to monitor what has been happening to the funds,
who is benefiting, and which institutions are associated with these
serial fraudulent transactions. International Currency Review is now authorised to disclose details of the latest diversionary operation surrounding the Ambassador's funds.
$4.5 TRILLION WANTA FUNDS REMAIN TAGGED AT GOLDMAN SACHS
In the first place, it is important to bear in mind, when reading what
follows, that the $4.5 trillion REMAINS located in the form of a CHIP
that is tagged in the name of Ambassador Leo Wanta and his
Virginia-based corporation, AmeriTrust Groupe, Inc., in a US Treasury
account with Goldman Sachs. The US Treasury Secretary, Henry M.
Paulson, was formerly the CEO of Goldman Sachs, which is deploying
these funds for its own institutional and self-enrichment purposes.
Therefore, the convoluted operation described below has nothing to do
with Wanta’s tagged funds, but reflects rather a diversionary and
criminal conspiracy masterminded by none other than Henry M. Paulson
himself, who has insisted on the telephone to several victims of his
Department’s capriciously aberrant behaviour in recent weeks, that ‘I
CONTROL THE SHOW, I DECIDE WHEN AND HOW TO RELEASE THE MONEY, IF I
DECIDE TO PAY…’. [For outburst context, see below].
TREASURY AND CORRUPT BANKS CONSPIRE TO AVOID PAYMENT
In the light of intelligence developed by investigators working with
Ambassador Wanta and his colleague, the Treasurer of AmeriTrust Groupe,
Inc, Michael C. Cottrell, M.S., it has emerged that Paulson thinks he
is in charge of decisions concerning the disposition inter alia of
Wanta’s funds, and that their placement is entirely a matter for him
alone, and for no-one else – not even the President of the United
States, George W. Bush Jr., who has hitherto been blamed for this
breakdown of financial discipline and overt criminal activity at the
highest levels in Washington.
PAULSON EMERGES AS THE MASTER CRIMINALIST OPERATIVE
Contrary to earlier impressions, it has become clear that this man is a
menace to the continued integrity of the US Government, and that power
has corrupted him completely. The latest example of his dangerous
brinkmanship is the complex diversionary financial ‘pass-the-parcel’
operation, described below, which was designed to enable both the
Treasury and the Federal Reserve to claim that they have fulfilled
their obligations towards (inter alia) Ambassador Wanta – whereas in
reality, what has been mounted is the Grandfather of all US Government
Financial Scams:
According to a Compliance Officer speaking with authority on what he
knows from the US Treasury, the $4.5 trillion of Wanta’s funds were
included within funds that were Treasury-directed from the US
Treasury’s account with a large Wall Street institution, to the Federal
Reserve, and thence to Bank of America, Los Angeles, CA, and thence
again to Wachovia Bank, New York, from which disbursements were to be
made (ostensibly) to various accounts – including the Securities
Account of AmeriTrust Groupe, Inc, with Morgan Stanley in New York.
And according to the same ‘authoritative’ source, THE US TREASURY
DEPARTMENT IS NOW FINISHED WITH THIS TRANSACTION. Any failure to
deliver the funds is therefore now supposedly a banking problem, and
nothing to do with the Treasury and the Federal Reserve. Clever, isn’t
it? Because…
WACHOVIA BANK IS IMPLICATED IN THE LATEST DIVERSION
We are now authorised to state that the aforementioned US Treasury
Direct was diverted/hijacked by the SENIOR COMPLIANCE OFFICER WITH
WACHOVIA BANK, NEW YORK, A CERTAIN MR ROBERT ARMENTA (phonetic), WHO
ALSO ‘JUST HAPPENS’ TO BE A SENIOR COMPLIANCE OFFICER WITH THE FEDERAL
RESERVE BANK OF NEW YORK. This information has been verified by more
than the usual two sources.
THE SAME COMPLIANCE OFFICER IS IMPLICATED IN THE MISSING $5.5 TRILLION
OF OVER-THE-COUNTER CREDIT DERIVATIVE OBLIGATIONS (CDOs/CBO), alluded
to in a Lipper HedgeWorld report from Basel, Switzerland, by Martin de
Sa’Pinto, Senior Financial Correspondent, dated 17th November 2006,
posted at 7.47 am on that day.
In that report, referring to the fact that notional amounts of all
types of derivatives contracts jumped to $369.9 trillion in the first
half of 2006, representing an increase of 24% on the previous half-year
period, it was explained that ‘notional amounts in the interest rate
segment (of aggregate derivatives contracts outstanding) are relatively
huge compared to the actual risk involved. This is implied by the gross
market values for this segment, which total around $5.5 trillion, or 2%
of the notional values that are outstanding’. Translated into the
vernacular, this means that $5.5 trillion has gone missing. This
development is not to be confused with, and is quite separate from, the
$4.275 trillion of US Treasury Securities and Federal Reserve Notes
(FRNs) reported in early November to be in default in three European
money centers – a figure that is believed by now to be significantly
larger.
THE TREASURY DIRECT FUNDS AND THE CBO FUNDS HAVE BEEN TRANSFERRED VIA
WACHOVIA TO HSBC (BIRMINGHAM, UNITED KINGDOM), DEUTSCHE BANK (BERLIN)
AND STANDARD CHARTERED BANK (DUBAI), BY THE BUSH-PAULSON-BERNANKE
CRIMINALIST OPERATIVES WHO ARE SEEKING EVERY MEANS OF HOLDING ON TO THE
FUNDS AND OF PREVENTING FULFILMENT OF THE WANTA SETTLEMENT, BOTH FOR
SELF-ENRICHMENT PURPOSES AND ALSO BECAUSE THEY FEAR THAT IF WANTA IS
PAID, HE WILL ENSURE THAT ALL CONCERNED ARE INDICTED AND SLAMMED INTO
JAIL.
In reality, a 75-year ‘gag’ order will come into effect the moment he
is paid (which WILL happen), and these aberrations will remain reported
– exclusively, it seems, by International Currency Review,
as the controlled ‘mainstream media’ is blind and has no real clue –
for future financial historians to dissect. At least, that was what the
Ambassador originally had in mind, since he (correctly) believes that
‘vengeance is the Lord’s’. However, according to law enforcement, as
these official criminal operatives have become ever more brazen, and
have compounded their past financial crimes by perpetrating fresh scams
on the shaky assumption that they can continue to play fast and loose
with the funds of others, it is becoming less and less likely that they
can escape the inevitable crackdown and backlash that will ensue as
they continue to play Russian routlette on this scale.
WACHOVIA BANK AND ITS SENIOR COMPLIANCE OFFICER HAVE DISREGARDED THREE
(3) FEDERAL RESERVE DIRECTIVES AND ONE (1) FED ORDER TO EFFECT PAYMENT
ON THE TREASURY DIRECT TRANSMITTALS FOR AMERITRUST GROUP, INC., IN
FINAL SETTLEMENT OF THE $4.5 TRILLION.
Also deprived of their funds, which were to have been settled in tandem
with the Ambassador’s $4.5 trillion, are law firms represented by
TROUTMAN SANDERS LLP and PARKER CHAPIN LLC.
It stands to reason that if you double-cross powerful legal firms, and
deprive them of what is owed to them, you are running a level of risk
which exceeds that entailed when you double-cross others. This is the
measure of the perpetrators’ arrogance.
IF WACHOVIA HAS TO BE CLOSED, THE MELTDOWN WILL SPREAD
It should be pointed out that Wachovia Bank is one of the ‘owners’ of
the privately-owned Federal Reserve System. Wachovia Bank was advised
on Friday the 17th November and again on Monday 20th November 2006 that
steps will be taken to have the bank closed down if the Ambassador’s
funds are not paid into his Virginia-based corporation’s Securities
Account with Morgan Stanley in New York, without further delay. This
will precipitate the global financial meltdown that these criminal
idiots are evidently doing their utmost to precipitate.
On 15th November 2006, Mr Paulson was confronted by parties we are not
permitted to name, concerning his culpable non-performance in respect
of various outstanding Treasury obligations, of which the Wanta
Settlement is just one of a number – the largest being the Treasury’s
$32 trillion contract with the Chinese of 20th June 2006.
PAULSON USURPS THE POWER OF THE PRESIDENT
In response this legitimate enquiry, this former CEO of Goldman Sachs
responded in a threatening tone of voice with the following assertive
statement:
‘I CONTROL THE SHOW, I DECIDE WHEN AND HOW TO RELEASE THE MONEY, IF I
DECIDE TO PAY…’. This reminds us of the Luciferian remark of one of his
underlings last September, who was telephone-recorded saying: ‘We’ll
pay when we’re Goddam ready’.
By the above circuitous means, the Treasury thinks it has ‘washed its
hands’ of the Wanta Settlement, by arranging for its co-conspiring
financial institutions to divert the funds – which of course they are
all handling illegally, laying themselves open to RICO litigation in
the American courts – in such a way that no-one can be blamed for the
Treasury’s non-performance. Unfortunately for Mr Paulson, this
despicably crooked little diversionary scheme – designed to enable
Goldman Sachs to keep the Ambassador’s $4.5 trillion – is not about to
work out as planned.
We are advised that those directly participating in this devious
hijacking operation, or with knowledge of it, include President George
W. Bush Jr. (who is in a position to order his colleagues to cease and
desist from their fraudulent behaviour, even if Mr Paulson believes
that HE is in sole overall charge), Vice-President Richard B. Cheney,
Treasury Secretary Hank Paulson himself, Federal Reserve Board Chairman
Dr Ben Bernanke, and the Director of National Intelligence, John
Negroponte.
CUNNING, CLUMSY PLOT TO GET TREASURY AND FED OFF THE HOOK
The diversionary plot was arranged in the usual two-faced, deceitful
manner – with the US Treasury and the Federal Reserve issuing
instructions that the perpetrators wrongly imagined will enable both of
them, and their senior officers, to deny any wrongdoing – and involving
complicit institutions both in the United States and abroad. All
concerned are co-conspirators and accessories to the continuing facts
of this official corruption. Apparently, because all this corruption is
officially condoned, the participating institutions and their senior
officers (at home and abroad) believe that they will be in the clear
when the day of reckoning arrives. We don’t think so.
In fact, let us be clear about this: both the US and the foreign
institutions that are illegally mishandling funds represented to be
based upon those belonging to the Ambassador and other owners, are wide
open to eventual RICO litigation in the US courts. And since powerful
law firms have been double-crossed and are victims of these officially
perpetrated and condoned scams, the likelihood of such outcomes is far
from academic. For a list of the US laws that are being flouted by
these official crooks, please see earlier website postings in this
series, on www.worldreports.org.
And another point has to be stressed. Although the Wanta funds have
been annexed by Goldman Sachs and remain tagged in favour of Ambassador
Leo Wanta and his corporation, as described above, the US Treasury has
falsely represented, as has the Federal Reserve – through the
Treasury’s Directions and the Federal Reserve’s three Directives and
one Order – that the instructions that both have given, concern inter
alia, the disposition of the $4.5 trillion belonging to the Ambassador.
DIVERSIONARY FINANCING OPERATION ‘WILL NOT FLY’
If you still follow us, it will therefore NOT be possible for present
or past officers of either the Treasury or the Fed to claim in court
that these instructions did not concern the Ambassador’s funds (even
though the actual funds remain annexed by Goldman Sachs). In other
words, the duplicity of the Treasury and the Federal Reserve in this
conspiracy will unravel, and neither will be able to claim that their
responsibilities were fulfilled. To summarise: this reprobate attempt
at obfuscation ‘will not fly’.
In a further twist to this diversionary obfuscation operation, Auditors
appeared at the offices of Wachovia Bank, New York, at 8.30am, Eastern
Standard Time, on Friday 17th November 2006, to audit the bank’s books.
The bank’s doors remained closed on that day until 11.00 am, when
Wachovia refused to honour the three Federal Reserve Directives and the
Fed Order, claiming ‘lack of funds’.
IN VIETNAM, CHINESE DEMAND ACTION, AND PUTIN AGREES
On 18th November, at the APEC meetings held in Vietnam – when
Presidents Bush and Putin, dressed up in Vietnamese gowns, appeared to
be exceedingly awkward in each other’s company and barely on speaking
terms (since Putin has been financially shafted by President Bush) –
Vietnamese President Hu and President Vladimir Vladimirovich Putin
discussed ‘The Wanta Plan’ and the US Treasury’s corrupt
non-performance in respect of it. [The parties, apart from Bush, would
not then have known about the Treasury’s latest convoluted means of
avoiding payment]. Also attending this meeting was the Chinese Finance
Minister. He addressed himself directly to President G. W. Bush in the
presence of President Putin, and said: ‘Get it done, or we will do it’.
President Putin concurred. The Americans are terrified that the
Communist Chinese will indeed meet the obligations that the US Treasury
refuses (by devious means) to honour.
Among the reasons that the Chinese are insisting on implementation of
the Wanta Settlement, is that they understand better than anyone in
Washington, that if it does not take place, the dollar will collapse
and their economy will be crucified. Since they are now the largest
holders of real dollars cash in the world, they have informed the
American authorities that they will meet the US Treasury’s obligations,
if Mr Paulson is not prepared to do so – which would of course give the
Chinese Communist Government unprecedented leverage over the United
States, in perpetuity.
Due to the greed and arrogance of the official criminal operatives
holding power in Washington, these realities have not, evidently, made
a sufficient impression inside brains of the officials concerned, whose
eyes are green – and blind to the geopolitical dangers they are
courting.
CHINESE TRUST NO-ONE IN AMERICA BUT WANTA AND COTTRELL
The other reason the Chinese mean what they say is that Ambassador Leo
Wanta, and his colleague, Michael C. Cottrell, M.S., are the ONLY US
financial experts that they trust. This trust is grounded in their
experience of dealing with Leo Wanta many years ago, when he was
meticulous in fulfilling his promises and meeting his financial
obligations towards them. Both the Ambassador and Mr Cottrell are held
in the highest regard in Beijing for this reason alone. Naturally, they
do not share the political orientation of the Chinese Communists: but
at this level of international finance, what matters is trust, which is
a product of meeting one’s obligations. It should be recalled that
basically the same people remain in power in Beijing as were there when
Leo Wanta dealt with them honourably (as always) in years gone by.
The above statement has been approved by Ambassador Leo Wanta and by
Michael C Cottrell M.S. The following brief further analysis addresses
the duplicity built into Mr Paulson’s speech on 20th November 2006
before the Economic Club of New York. It contains clues as to the
mentality of the gang leaders holding the highest positions in the US
Government. In case this is not sufficiently understood, the Rest of
the World (with the likely single exception of the crooks holding power
in London) is beyond disgusted at the arrogance of the present bunch of
US office-holders, and has concluded that nothing that any U.S.
official says can ever be trusted.
DUPLICITOUS NEW YORK SPEECH BY THE TREASURY SECRETARY
Many observers of the global financial crisis that we have been
reporting for months – which is hidden from the view of most people,
given the flood of derivatives-based liquidity and the massive bonuses
being paid out to traders and financiers in the City of London this
Christmas – will have noticed something curious about the remarks
delivered by Henry M. Paulson, the US Treasury Secretary, before the
Economic Club of New York on 20th November 2006. The Financial Times,
given its lack of understanding of what is going on behind the scenes,
reported Paulson’s speech ‘straight’, on the basis of the Treasury’s
pre-speech release.
Those in the know will have been uncomfortably aware that Mr Henry
Paulson’s smooth rhetoric diverged from the deplorably reprobate
behaviour over which he, as US Treasury Secretary, is presiding. There
was a conspicuous mismatch between his lofty rhetoric, and what he has
been up to behind the scenes.
VICTIMS OF TREASURY SCAMMING THREATENED BY PAULSON
For instance, deploying similarly offensive language to that used in
September by one of his unfortunate underlings, Mr Paulson has told no
less than THREE victims of his own Department’s high-handed behaviour
that he will pay what they are owed, if he decides to, when he feels
like it, and on his own conditions. The tone of his comments was
threatening, unpleasant, and reminiscent of a threat from a Chicago
gangster.
Why has Mr Paulson lost his cool? Because he, like all those who are
misbehaving at the highest level in the United States these days, is on
the defensive. Since June 2006, the US Treasury, with the White House
and the Federal Reserve, has presided over the illegal deployment, for
institutional and personal gain, of the $4.5 trillion which is tagged
in a Treasury Account at Goldman Sachs and Company, New York, in the
name of Ambassador Leo Wanta and his Virginia-based corporation,
AmeriTrust Groupe, Inc. No amount of illegal handling of these funds
can hide or disguise the fact that they remain tagged and payable to
the Ambassador and his Virginia-based corporation, not least since
investigators and observers working with the Ambassador from deep
inside the structures monitor every illegal movement of these funds.
‘PRINCIPLES-BASED’ SYSTEM FOR THE UNPRINCIPLED
Hank Paulson’s main theme in his New York speech was the desirability
of what he called a ‘principles-based’ accounting system, as opposed to
a rules-based one.
Excuse us? Principles? Since when did Mr Paulson’s Treasury exhibit any
adherence to principles – such as fulfilling its undertakings?
Take the latest example of its lack of principles. On Friday, a senior
US Treasury apparatchik informed Ambassador Wanta that the New York
Securities House Account of his Virginia-based corporation would
finally, at long last, be credited with the $4.5 trillion stolen from
the Ambassador by the authorities last June. (Actually, the $4.5
trillion should be paid plus compound interest: but let us leave this
point aside for a moment). Specifically, the official voice at the
other end of the telephone stated that the relevant Securities Account
would be credited by 2.30 am on Monday morning Eastern Standard Time,
20th November 2006.
As has been the case in the past, this latest verbal undertaking from
the US Treasury proved to be completely worthless [see above]. Instead
of being credited as instructed by the Treasury (so that the Treasury
believes it is ‘covered’), the sequence of events described above
ensued. Yet another round of overnight ‘pass-the parcel’ involving
several large US and foreign institutions, was kicked off this week, so
that the banks concerned can book huge overnight profits to improve
their corroded balance sheets.
DECODING THE TREASURY SECRETARY’S UNPRINCIPLED RHETORIC
Yet on the self-same morning when the $4.5 trillion should have been
credited to the AmeriTrust Groupe, Inc’s Securities Account with Morgan
Stanley, the US Treasury Secretary had the gall to stand up before the
Economic Club of New York, where he pontificated at great length about
the virtues of a ‘principles-based’ accounting (and accountability)
system, and how much more preferable such a system is to a
‘rules-based’ system.
Let us decode the Treasury Secretary’s duplicitous rhetoric for you:
• ‘Principles-based’ = a loose, vague environment in which verbal
undertakings can be routinely reneged upon, false instruments and
documents can be freely tendered, promises can always be broken, and in
which undertakings are made of India-rubber: like those of the US
Treasury.
If necessary, co-conspiring US and foreign financial institutions
engaged in criminal operations can be roped in to ‘legitimise’ whatever
scam is intended. In other words, a crooks’ charter.
• ‘Rules-based’ = a Capital Markets environment in which the Rule of
Law prevails and in which breaches of trust and of undertakings result
in appropriate lawsuits and RICO actions, triggering three times
damages, plus the long-term imprisonment of the felons concerned,
including official holders of high public positions either before or
after they have left office.
Of course, given the US Treasury’s notorious behaviour under both Mr
Paulson and his predecessor, John Snow, it stands to reason that a
loverly-jubbly ‘principles-based’ Capital Markets environment, in which
undertakings morph overnight and promises have no meaning, is just the
kind of market environment that current holders of the highest offices
and other corrupt officials, plus their complicit intermediaries and
institutional accessories to the fact of criminalised behaviour,
naturally prefer.
‘WRONGDOERS WILL SEEK WAYS TO CIRCUMVENT THE RULES’
Mr Paulson said at one point in his speech that that ‘Rules by
themselves cannot eliminate fraud. Wrongdoers will seek out loopholes
or ways to circumvent the rules’.
One wonders whom exactly he meant by ‘wrongdoers’ here. Although he
referenced the ‘recent business scandals’, was he ALSO speaking from
his own and his official colleagues’ perverted perspective, by any
chance? After all, the US Treasury over which Mr Paulson presides,
remains in breach not only of its formal undertakings towards
Ambassador Wanta and other victims, but also of its contract dated 20th
June 2006 involving the disposition of $32 trillion with the Communist
Chinese – having failed to deliver, and having provided the Chinese
with no more than a few paltry progress payments. This has
understandably infuriated them. Other victims, apart from the Chinese
authorities and Ambassador Wanta, have, as noted, also been
double-crossed by Paulson’s Treasury.
So Paulson is no stranger to non-performance. He is himself adept at ‘seeking out loopholes or ways to circumvent the rules’.
Yet he boasted hypocritically in his speech of his 32 years’ experience
in Capital Market business both in the United States and abroad. He has
served as the Chairman of Goldman Sachs, and his Series 7 and Series 24
securities qualifications, required by the Securities and Exchange
Commission (SEC), oblige him (even though he may have forgotten this)
to comply 100% with SEC regulations at all times, and to meet his legal
obligations likewise. Did he imagine that his audience would not be
aware of his hypocrisy and double-talk in this context?
NEW YORK SPEECH A SMOKESCREEN TO MASK TREASURY SCAMMING
The entire New York speech appears to have been designed to throw a
smokescreen over the latest fraudulent behaviour with which, as
detailed above, Mr Paulson is directly associated. As we have reported,
on Friday 17th November, auditors appeared at Wachovia Bank, which did
not open its doors until 11.00 am. This bank is believed to be
implicated in the outright misappropriation and theft of between $9.0
trillion and $11.00 trillion. The institution was warned on 17th
November that the Ambassador’s account must be credited by 2.30 am on
Monday 20th November as promised, or steps will be taken to have this
institution – with which William Clinton, George H. W. Bush Sr. and
John Negroponte, among other criminalist operatives, are involved –
closed down.
This threat was repeated on Monday 20th November, after the promised Wanta Settlement payment was again illegally obfuscated.
Last week, the US Treasury Secretary suggested to powerful Chinese
authorities that a tripartite arrangement should be implemented,
involving the US Treasury, the Chinese authorities, and the Ambassador
and his colleague, Michael C Cottrell, M.S., under which the Treasury
would not need to remit the $4.5 trillion of the Ambassador’s tagged
funds to Leo Wanta’s Virginia-based corporation, at all. That would
have enabled Goldman Sachs to hold on to the actual $4.5 trillion
indefinitely, which appears to be Mr Paulson’s objective. In other
words, this was just another two-faced ploy to try to avoid fulfilment
of the Wanta Settlement, so that Goldman Sachs could keep the funds for
ever. Sorry, it isn’t going to work out.
SEEING THROUGH ANOTHER TREASURY PRETEXT NOT TO PAY
The Chinese authorities – who, like other extremely important foreign
parties we cannot yet name, are furious that they have repeatedly been
double-crossed by these duplicitous scoundrels in Washington –
retorted, cleverly, that this proposition needed to be cleared with the
Ambassador and Mr Cottrell. As reported above, both are held in the
highest possible regard in Beijing, given not least that Leo Wanta is
the only US financial expert they trust, based on his impeccable
behaviour towards them many years ago. Naturally, neither the
Ambassador nor Mr Cottrell would countenance such a prospectively
fraudulent arrangement, and neither will the Chinese.
But this is the kind of set-up the Treasury Secretary invokes by a
‘principles-based’ Capital Market environment. Being interpreted, this
means that he can change his ‘principles’ in accordance with whatever
scam takes his fancy. It may have suited him hitherto that President
George W. Bush Jr. has primarily been blamed for the crisis and bad
publicity surrounding the hijacking of the Wanta funds, because such
‘finger-pointing’ has provided cover for the disgraceful corruption
over which he is himself presiding – continuing the reprobate behaviour
of his predecessor, John Snow.
U.S. TREASURY IS NOW AN EXTENSION OF GOLDMAN SACHS
With the arrival of Mr Paulson, the Treasury has effectively become an extension
of Goldman Sachs. Not only has Paulson installed Goldman Sachs-ites in
Treasury positions, but he has wilfully ensured that the $4.5 trillion,
tagged in the name of Ambassador Leo Emil Wanta and his Commonwealth of
Virginia-based corporation, has been annexed by Goldman Sachs so that
it can be used for personal and institutional enrichment, while
diversionary financing operations supposedly related to the delayed
Wanta Settlement and its non-performance, are ‘run’ externally in order
to obfuscate the central issue – namely, that GOLDMAN SACHS IS
ILLEGALLY SITTING ON THE WANTA FUNDS UNDER THE SIGNATURE AND AUTHORITY
OF THE U.S. TREASURY SECRETARY, WHO WAS PREVIOUSLY THE GOLDMAN SACHS
CHIEF EXECUTIVE OFFICER.
There has probably never been a more egregious conflict of interest in
US, or world, financial history. No wonder Mr Paulson is pushing for
‘rules’ governing the Capital Markets in the United States to be
loosened or even replaced by an environment which will be more
conducive to saving him from being slammed in jail when he leaves
office.
PAULSON’S CANT ABOUT A ‘PRINCIPLES-BASED’ SYSTEM
For in his New York speech, Mr Paulson subtly latched on to the concept
that the International Financial Reporting Standards (IFRS) accounting
system, used in a number of foreign markets, ‘is different from ours’.
He described IFRS as ‘principles-based’, which he then redefined as
meaning that ‘the system is organized around a relatively small number
of ideas or concepts that provide a framework for thinking about
specific issues. The advantage of a principles-based system is that it
is flexible and sensible in dealing with new or special situations’.
Just the kind of malleable, India-rubber Capital Markets environment,
in fact, that enables those without any scruples or integrity to play
fast and loose with the funds of others – such as the law firms
represented by Troutman Sanders LLP and Parker Chapin LLC, the Chinese
authorities, and Ambassador Leo Wanta.
Mr Paulson’s double-minded rhetoric at the Economic Club of New York
fooled only those who were sitting on their brains. Everyone who is
anyone in the international financial community and in key government
circles worldwide, knows all about the gangsterism of the US
authorities since the summer – when they hijacked the $4.5 trillion,
tagged in the name of the Ambassador and his corporation, and started
playing fast and loose with his funds, driven by unprincipled greed and
unbounded arrogance.
Henry Paulson’s call for the US Capital Markets to dispense with the
‘rules-based’ environment – code for the Rule of Law – in favour of a
‘rules-free’ system, where ‘principles’ are the sole privilege of the
unprincipled, will not have pleased those who have experience of the US
authorities’ serial criminal behaviour these past six months.
SETTING THEMSELVES UP – FOR BEING SLAMMED INTO JAIL
The Ambassador, whose famous integrity stands in sharp contrast to
those officials who are co-conspirators and accessories to the fact of
the scams that the Treasury has been presiding over since June 2006,
will not play the US authorities’ increasingly desperate games. With
vast experience of global and official finance, the Ambassador knows
that, as Mr Paulson reiterated last week, the $4.5 trillion will have
to be duly credited to the Morgan Stanley Securities Account of his
Commonwealth of Virginia-based corporation. Every attempt by Mr Paulson
and his co-conspirators to avoid payment of the Wanta Settlement funds,
brings the United States closer to financial meltdown, the US dollar to
collapse – and the official perpetrators of these endless financial
scams closer than ever to winding up behind bars. In case this
statement is deemed by ill-informed people to represent an empty
threat, it should be understood that much of the intelligence published
in this posting is derived from investigators working with Ambassador
Leo Wanta, and from reliable and disgusted sources inside the financial
structures. The fact is that the perpetrators have been caught IN
FLAGRANTE.
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 is published worldwide this week.
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November 25, 2006 in Current Affairs | Permalink
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