Nathaniel Rothschild broke with his family’s tradition of discretion by writing a letter to The Times, London, published on Tuesday 21st October 2008, exposing George Osborne’s dealings with Oleg Deripaska, a letter which Nathaniel Rothschild justified on the ground that Osborne breached his trust and abused his hospitality, as Osborne had met Deripaska through Rothschild.
Rothschild’s exocet may have destroyed Mr Osborne’s career (he is supposedly David Cameron’s intelligence community handler). Its first consequence was to subject him to half an hour of jeers from the Labour benches. Whether this is an intelligence operation is not yet clear.
Since his sudden return to the Cabinet this month, Mandelson has been dogged by questions over his links to Deripaska and Rothschild. Deripaska, who was worth £16.2 billion before the crash of 2008, needs $2.0 billion by the end of October, in order to be able to retain control of his 25% stake in Norilsk Nickel, the world’s largest nickel producer.
He has to repay part of a $4.5 billion loan borrowed from a group of Western banks that financed his purchase of the shares, even though the banks, if they had done their due diligence, should have known that Norilsk Nickel was stolen from the Soviet Party-State. This loan was secured against Norilsk Nickel’s share price, which has collapsed by 75% since last May, thereby placing Comrade Deripaska’s U C Rusal company in breach of a collateral agreement with the banks.
Nathaniel Rothschild is described as principal adviser to Mr Deripaska and his investment vehicle, Basic Element, which owns the majority stake in U C Rusal, the world’s largest aluminium producer. Nathaniel Rothschild is also chairman of N Plus, an energy corporation owned by Deripaska, aged 40, who was married in 2001 to Polina Yumashev, whose father Valentin was the Chief of Staff to the late President Boris Yeltsin (Baruch Ellia).
Valentin Yumashev later married Baruch Ellia’s younger daughter, Tatyana, thought to have been instrumental in elevating the GRU officer Vladimir Vladimirovich Putin to the Kremlin. Baruch Ellia (Boris Yeltsin)’s wife was the daughter of Comrade Josef Stalin (Djiugashvilia-Kochba) and Rosa Kaganovich, daughter of the well-known Bolshevik.
Mrs Deripaska is a close friend of the girlfriend of Roman Abramovich, the Russian Oligarch, Daria Zhukova, from the equally well-known Bolshevik Zhukov family. Deripaska is Vice-President of the Russian Union of Industrialists and Entrepreneurs (the KGB-GRU mechanism for controlling the oligarchs), which pays frequent visits to the Kremlin.
Deripaska’s Basic Element has investments in over 100 businesses, including LDV Holdings, a light van manufacturer in Birmingham that was the focus of the alleged discussions about channelling an illegal donation to the Conservative Party from Mr Deripaska, who retains close links to Putin.
The Times of London reported on 23rd October that Mandelson has frequently accepted hospitality from Nathaniel Rothschild, including a stay at his chalet at Klosters, in the Swiss Alps. The extent of the relationship between these two figures has emerged as the business links between the young Rothschild and Oleg Deripaska have become clear. In August 2008, Mr Mandleson was the guest of Nathaniel Rothschild in Corfu, during which visit he was ‘billeted’ on Mr Deripaska’s yacht as there were so many guests staying at the Rothschild family villa.
Mandelson’s acceptance of hospitality from Nathaniel Rothschild has raised questions about a possible conflict of interest with respect to his rôle in Brussels, where he made decisions on tariffs that affected Deripaska’s aluminium operations. As mentioned, Nathaniel Rothschild is described as principal adviser to Mr Deripaska and his investment vehicle, Basic Element.
The Code of Conduct for European Commissioners is extremely loosely written – on purpose. It includes the following language:
‘The general interest requires that in their official and private lives Commissioners should behave in a manner that is in keeping with the dignity of their office. Ruling out all risks of any conflict of interest helps to guarantee their independence’.
Of course, since the European Commission is itself irretrievably corrupt, this language DOES NOT FORBID European Commissioners to act in accordance with conflicts of interest. But in London, the conflict(s) of interest are evident: and the Shadow Business Secretary, Alan Duncan, has therefore called for ‘a full declaration of his interests and associations while in Brussels’.
Peter Mandelson is an extremely dangerous commodity, so Gordon Brown must have had some overriding reason for suddenly yanking this discredited creature back from Brussels, kicking him into the Lords, and plonking him inside his Cabinet.
• The overriding reason will doubtless emerge as oligarchs implode, unspeakable activities are exposed, and financial empires built on stolen assets and risky credit collapse.
EUROPEANS THOUGHT THEY COULD ‘BOUNCE’ BRITAIN INTO THE EURO
Meanwhile the Europeans seem to be so out of touch with reality in Britain that they appear to have been trying leverage the international financial crisis to ‘bounce’ the United Kingdom into dropping the pound sterling in favour of adopting the much disliked European Collective Currency, the Euro, using the economic and financial crisis as their pretext.
Indeed, bad blood is spilling out all over the place. For instance, the Chairman of the Eurozone Group of Finance Ministers commented, in the same put-down, arrogant tone as the Banque de France representative had used against the Editor in Washington a few days earlier, that Gordon Brown had to ‘beg to be let into the room’ where crisis talks were taking place last week.
The comparably arrogant Finance Minister of Luxembourg, Jean-Claude Juncker, said that the EU Finance chiefs had ‘warned’ the British Prime Minister that he could be excluded from future talks on the European economy for just as long as the United Kingdom remained outside the European Collective Currency. Brown retorted, in a formal statement from Downing Street, that ‘we continue to review it, but we have no plans to join the Euro’.
BROWN SHOULD FREEZE PAYMENTS TO THE EUROPEAN COMMISSION
However what Gordon Brown SHOULD do (redeeming himself in the process) in response to such high-handed behaviour from Brussels and the EU Finance Ministers, is to say to them:
‘Right. Since you believe you can order us around, we will show you what we are made of'.
‘I will immediately order all payments to Brussels derived from Value Added Tax to be paid into a suspense account in London, and to be held there until such time as the European Commission puts its own corrupt finances in order, eliminates financial fraud and cronyism from its operations, and has its accounts signed off by the Court of Auditors’.
FACT: For the past 14 years, the EU’s Court of Auditors, which is required to ‘audit’ the European Commission’s accounts, has REFUSED to sign the EC accounts, which have been repeatedly shown to be falsified and riddled with fraud, corruption and creative accounting.
It is an ongoing FILTHY SCANDAL that Britain continues to overlook all this corruption in Brussels. Brown should have the courage of any convictions he may retain, and should make a big play with such an initiative. Paying money into this corrupt sink-hole is a DISGUSTING AFFRONT.
Brown should appear on television to announce that he has ordered all tax collections payable to the European Commission’s accounts to be withheld and paid into a suspense account, and should explain to the British public in forthright terms why he is doing this.
SALVATION FOR GORDON BROWN AND THE LABOUR GOVERNMENT
Such an initiative would build upon Gordon Brown’s sudden ‘enlargement’ as ‘the experienced hand’, the ‘man of the hour’ who came up with ‘the Brown Plan’ which was at once adopted by the Europeans and which forced the US Treasury to change its stance and to proceed bail out the big US institutions directly. He should exploit his new-found pre-eminence by stopping all payments to the corrupt European Commission until such time as they clean up their act (which they'll never do).
Such a move would be hugely popular with the British voting public and, coupled with the much harder line on unfettered immigration that is suddenly being advanced by Brown's newly appointed Immigration Minister, would rescue the Government and the Labour Party from defeat at the next General Election, ensuring Brown a much longer tenure in Number 10 Downing Street than what he calls ‘the commentariat’ have considered likely.
Only a few weeks ago, Gordon Brown was being almost written off, and was even thought likely to resign early. It was being taken for granted by some that he would be succeeded as Prime Minister by the brainwashed David Cameron, who would in fact be even more fatuously ‘politically correct’ in office than the Labour Government has been.
Stopping payments to Brussels, and making a big political song and dance about it, would be the Brown Government’s salvation. After all, the gloves are off now, and European diplomatic niceties are a luxury of the past. Hypocrisy over Britain’s entanglement in Europe is distinctly passé.
•Memo to the British Prime Minister: You don't mean to say that you are told what to do by the head of MI6 and GO-2, John Scarlett, do you? He's too close to Germany. Sack him. |
