• A related scam associated with this scandal here is that mortgagees may have been asked to sign THREE TOP COPIES of the mortgage documents, which of course greatly facilitates the proliferation of this fraudulent financing scam scenario.
At the IMF/World Bank Group Annual Meetings held in Washington, DC, in 2007, Dr Alan Greenspan gave the prestigious Per Jacobssen Lecture. The security surrounding this event was far greater than the generally heightened level of security always evident at these meetings nowadays.
Specifically, several lines of jackbooted police thugs stood in parallel along the street close to the IMF headquarters buildings, while all the compliant financial sector guests, on a strictly ‘Invitation Only’ basis (contrary to earlier custom for the Per Jacobssen Lecture) crowded into the auditorium to hear the words of wisdom cascading from this smooth financial criminal’s duplicitous lips.
No doubt none of the bankers who attended on that occasion in 2007 gave a moment’s thought to the reality that by following this world-class criminalist pied piper, they had become liable as co-conspirators and accessories to the fact of the biggest rolling financial scamming and hijacking operation in world history, and that due to their greed and sheep-like stupidity, many would find their institutions in severe difficulties a year later.
As mentioned above, at least 10,000 of these people have vanished behind bars or worse, while a certain number of Dr Greenspan’s closest associates ‘are no longer with us’; and yet even as this report is being published, the solution to the crisis, in the format of the Settlements payouts from the $14 trillion that remains in lockdown, is STILL being blocked.
CONSEQUENCES OF PAYING OUT THE SETTLEMENT FUNDS
To revert to the wholesale Settlements: Payment of the wholesale Settlement cash funds, currently in LOCKDOWN due to certain events that we cannot go further into and that took place in Britain in early September 2008, will elevate all recipients of such funds to ‘primary’ status, while ‘degrading’ other $ monies, since the $14 trillion is in fact the only cash-cash money in the world.
Further, activation of the G-7-Approved Refinancing Program – the previously referenced agreed-upon on-the-books fully taxed and 100% transparent limited private sector Capital Markets trading operations – will deliver massive ongoing ‘windfall’ tax receipts to the US Treasury, bringing to an end the century-long one-way deficit-financing orgy that has all but destroyed the United States and which ‘Paulson’ and the other US financial criminals want to continue. Why is that? Answer:
• Because with the reversal of the one-way deficit-financing orgy, there won’t be a lot for the likes of Goldman Sachs, which has grown fat and arrogant on the back of this one-way deficit-financing binge – to do. The fact that it is conspicuously in the interests of the American taxpayer for the G-7-Approved Refinancing Program to be implemented, is of no interest to these criminals, who place the interests (in this case) of Goldman Sachs above the interests of the American people.
On 22nd October [see bellow] it transpired that some problem or other at the corrupted Bank of England had arisen, again blocking the payouts. The Bank was reported to have been ‘not ready’. However Prime Minister Gordon Brown was sharply reminded from the highest level that if he stood in the way of the Settlements, he would be removed from office [see below].
When setting up the criminal finance carousel and ‘Never-Pay Syndrome’, Greenspan and Bush Sr. et al. chose the United Kingdom as their Master Platform.
The consequences for Britain of having allowed these criminals to use the City of London and the British financial sector generally as their Master Platform are already, and will continue to be, quite devastating. The pound has already collapsed by between 48 and 52 cents from its peaks of $2.0457 per UK£1.0 on 10th December 2007, $2.0311 on 12th March 2008, and $2.0036 on 15th July 2008, and is now below $1.53 [Friday 24th October]. It could fall further, for reasons now explained:
PERVERSE, WRONG-HEADED EUROPHILE IDEOLOGY HAS DESTROYED BRITAIN’S ECONOMY
Britain has been comprehensively ‘enronised’ (hollowed out) as a direct consequence of the crass policy of entanglement with European schemes perpetrated by successive indoctrinated cadres in all three main UK political parties and within the Intelligence Power that controls them.
Their internationalist ideology presupposes not only the collectivisation of all national interests (even though British politicians inconsistently continue to talk about the national interest), but that in a ‘Common Market’, it is neither here nor there whether the Germans and/or the French acquire ownership of British national assets such as the engineering and nuclear industries.
• As an international socialist, Brown couldn’t care less about such issues. Such revolutionaries have chips on their shoulders the size of the pyramids.
All the British political parties are mesmerised by this catastrophic ‘European policy’, which in practice represents capitulation to Germany, in specific conformity with the blueprint set out by Nazi intellectuals in their seminar compendium entitled ‘Europäische Wirtschaftsgemeinschaft’ (the ‘European Economic Community’) published in Berlin in 1942, then elaborated by the Nazi German Geopolitical Centre in Madrid in the early postwar years, institutionalised by the Treaty of Rome establishing the European Communities, and replicated via the Maastricht Treaty of 1992, the chapter headings of which are almost identical to those of the 1942 Nazi compendium.
The country’s industrial base has been decimated as a specific consequence of this crass policy; and even today, the present internationalist British Government and the greedy City of London are blithely engaged in selling off as many of the country’s real assets as possible. In addition to those assets sold off to the Germans, as summarised in our DVD exposure of 20th September, the Brown Government has consented to the acquisition of Britain’s nuclear power industry by Electricité de France (EDF), an asset of the French Government which is bound to Germany in perpetuity under the 1963 Treaty of the Elysée procured by General de Gaulle and the Hitler-era Mayor of Cologne, Dr Konrad Adenauer. [For further details and background, see below].
Most cars seen on British roads nowadays are German or French, the country’s once-thriving national motor industry having been sold off to foreigners.
Meanwhile the greedy City of London, on which the economy has therefore had to rely excessively for income, has been taken to the cleaners given that the geocriminalist syndicate has used Britain as its Master Platform, so that the inevitable total unravelling of the fraudulent finance derivatives scamming operation organised by the Greenspan-Bush-DVD/CIA-1 strategists will leave the City of London severely thinned out and less able than ever to fill the massive financing gaps arising from the headlong, DVD-masterminded de-industrialisation that has taken place as a consequence of the false European prospectus embraced by ignorant ideologues littering the political landscape.
A glance at some of the British numbers makes sick-making reading. In respect of the country’s international investment position, British nominal assets abroad rose from $2,782.92 billion in 1996 to $12,882.05 billion in 2007, while the country’s liabilities abroad increased from $2,877.12 billion to $13,697.08 billion. Thus the country's net external investment deficit ballooned from – $94.2 billion, to – $702.06 billion. By contrast, on lower turnover, Germany’s net external investment surplus over the same period rose from $89.54 billion to $951.88 billion.
• The United Kingdom's accumulated merchandise trade deficit between 1996 and 2007 inclusive amounted to – $943.64 billion, while the current account deficit reached – $473 billion.
Despite shallow talk by pundits about inflation not being a threat, the heavily massaged official year-on-year consumer price inflation figure for July 2008 was already +4.4%, with overall UK producer prices up by 6.7%. The assumption is that with oil prices heading towards $50 per barrel compared with their peak of $143 per barrel, inflationary pressures will abate.
However since the pound has depreciated from its peaks by more than 25% and has much further to go in our view, and the UK Government has poured vast non-existent fiat resources into the financial sector to prevent it from collapsing after the financing carousel halted, and monetary expansion was already vigorous by July (year-on-year M1 was up by 8.2% and M4 by 11.0%), the money-printing spigot has been unscrewed, so that price inflation remains a severe threat.
• This will remain true even though the British economy is now in recession, having contracted by 0.5% in the third quarter of this year.
The threat is exacerbated by the fact that the Brown Government, which of course failed to do anything whatsoever to curb the financial excesses, let alone to stop Britain being used as the geocriminalists’ Master Financing Platform, has, via its knee-jerk response to the crisis, expanded its panic-driven deficit-financing to an unprecedented degree, creating a hideous burden for future generations. Additionally, UK domestic credit expanded from £961.48 billion at the end of 1996, to £2,638.87 billion in December 2007, representing an increase of £1,677.39 billion, or an average £152.49 billion expansion of domestic credit recorded in the real economy per annum.
Since the county is running huge structural balance-of-payments deficits, this credit is based on NOTHING WHATSOEVER. And of course these data exclude all reference to the colossal mountains of derivatives-sector ‘funny money’ assets held off-balance sheet and offshore, some of which has been leaking into the ‘real’ economy and therefore surreptitiously onto the books via the banks. |
