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Related: About this forum$15,OOO,OOO,OOO,OOO FRAUD EXPOSED in UK House of Lords WTF!
$15 TRILLION is equivalent to the the federal debt of the U.S. Treasury Department. Lord James of Blackheath has spoken in the House of Lords holding evidence of three transactions of 5 Trillion each and a transaction of 750,000 metric tonnes of gold and has called for an investigation.
I think there are three possible conclusions that may come from it. I think there may have been a massive piece of money laundering committed by a major government which ought to know better and that it has effectively undermined the integrity of the British bank the Royal Bank of Scotland, in doing so. The second alternative is that a major American department has an agency that has gone rogue on it because it has been wound up and has created a structure out of which they are seeking to get at least 50 billion Euros as a payoff. And the third possibility is that this is an extraordinarily elaborate fraud which has not been carried out but which has been prepared in order to provide a threat to one government or more if they don't pay them off. So there are three possibilities and this all needs a very urgent review.
My Lords, it starts in April and May of 2009, with the alleged transfer to the United Kingdom, to HSBC of a sum of 5 trillion dollars and seven days later, in comes another 5 trillion dollars to HSBC, and then 3 weeks later another 5 trillion. 5 trillion in each case. Sorry. A total of 15 trillion dollars is alleged to have been passed into the hands of HSBC for onward transit to the Royal Bank of Scotland and we need to look at where this came from and what the history of this money is. And I have been trying to sort out the sequence by which this money has been created and from where it has come from for a long time.
http://www.youtube.com/redirect?q=http%3A%2F%2Fwww.publications.parliament.uk%2Fpa%2Fld201212%2Fldhansrd%2Ftext%2F120216-0002.htm%2312021643000172&session_token=FjHAe__2TcTe2n78Xagkm1dtvbF8MTMzMDEzMjAxNkAxMzMwMDQ1NjE2
Hey is this about the Fed?
http://poorrichards-blog.blogspot.com/2012/02/intel-exclusive-trillion-dollar-terror.html
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$15,OOO,OOO,OOO,OOO FRAUD EXPOSED in UK House of Lords WTF! (Original Post)
sce56
Feb 2012
OP
TheWraith
(24,331 posts)1. Total, utter bullshit.
This fails the two second fact check. Starting with the fact that there are only about 31,000 metric tons of gold in all the world government reserves. 750,000 tons of gold would be far more than has ever been discovered in the HISTORY OF THE WORLD.
sce56
(4,828 posts)2. The Title of the Video is Massive Fraud Right? $15Trillion is about as massive as it gets!
The video does appear to come from the Parliament in fact the text of this is posted on the official site as listed in my OP.
http://www.publications.parliament.uk/pa/ld201212/ldhansrd/text/120216-0002.htm#12021643000172
We have never resolved it. Today, I have this quite frightening piece of paper, which is my justification for bringing it into this meeting. It is available on the internet and I am astonished that it has not already been unearthed by the Treasury because every alarm bell in the land should be ringing if it has. It is from the general audit office of the Federal Reserve in Washington-the real Federal Reserve-and its audit
16 Feb 2012 : Column 1018
review to the end of July 2010 on the Federal Reserve Bank of New York. It has on it some 20 banks listed to which $16.115 trillion is outstanding in loans. That is the sore thumb that was being looked for by my noble friend Lord Sassoon. But more particularly there are two other interesting things. The first is that Barclays Bank has $868 billion of loan, and the Royal Bank of Scotland has $541 billion, in which case one has to ask a question, because they could have earned back in three weeks their entire indebtedness and could pay off the taxpayers of Britain. Why have they not done so and could we please ask them to put a cheque in the post tonight for the whole $46 billion?
The next thing that is wrong with it is that every bank on this list, without exception, is an MTN-registered bank, which means that they are registered to use medium-term notes to move funds between themselves with an agreed profit-share formula, in which case these banks are investing this money and, most extraordinarily, not a penny of interest does the Federal Bank of New York want paid on that vast amount, $16 trillion. Anyone who knows what the IMF rules are will immediately smell a rat. The IMF has very strict rules for validating dodgy money. There are two ways of doing it. You either pass it through a major central bank like the Bank of England, which apparently refused to touch this, or you put it through an MTN-trading bank, which is then able to use the funds on the overnight European MTN trading market where they can earn between 1 per cent and 2.5 per cent profit per night. The compound interest on that sum is huge. If it is genuine, a vast profit is being made on this money somewhere.
I believe that this is now such an important issue that I have put everything that I have got on the subject on to a 104-megabyte memory thumb. I want the Government to take it all, put it to some suitable investigative bureau and find out the truth of what is going on here, because something is very seriously wrong. Either we have a huge amount of tax uncollected on profits made or we have a vast amount of money festering away in the European banking system which is not real money, in which case we need to take it back. I ask for an investigation and for noble Lords to support my plea.
We have never resolved it. Today, I have this quite frightening piece of paper, which is my justification for bringing it into this meeting. It is available on the internet and I am astonished that it has not already been unearthed by the Treasury because every alarm bell in the land should be ringing if it has. It is from the general audit office of the Federal Reserve in Washington-the real Federal Reserve-and its audit
16 Feb 2012 : Column 1018
review to the end of July 2010 on the Federal Reserve Bank of New York. It has on it some 20 banks listed to which $16.115 trillion is outstanding in loans. That is the sore thumb that was being looked for by my noble friend Lord Sassoon. But more particularly there are two other interesting things. The first is that Barclays Bank has $868 billion of loan, and the Royal Bank of Scotland has $541 billion, in which case one has to ask a question, because they could have earned back in three weeks their entire indebtedness and could pay off the taxpayers of Britain. Why have they not done so and could we please ask them to put a cheque in the post tonight for the whole $46 billion?
The next thing that is wrong with it is that every bank on this list, without exception, is an MTN-registered bank, which means that they are registered to use medium-term notes to move funds between themselves with an agreed profit-share formula, in which case these banks are investing this money and, most extraordinarily, not a penny of interest does the Federal Bank of New York want paid on that vast amount, $16 trillion. Anyone who knows what the IMF rules are will immediately smell a rat. The IMF has very strict rules for validating dodgy money. There are two ways of doing it. You either pass it through a major central bank like the Bank of England, which apparently refused to touch this, or you put it through an MTN-trading bank, which is then able to use the funds on the overnight European MTN trading market where they can earn between 1 per cent and 2.5 per cent profit per night. The compound interest on that sum is huge. If it is genuine, a vast profit is being made on this money somewhere.
I believe that this is now such an important issue that I have put everything that I have got on the subject on to a 104-megabyte memory thumb. I want the Government to take it all, put it to some suitable investigative bureau and find out the truth of what is going on here, because something is very seriously wrong. Either we have a huge amount of tax uncollected on profits made or we have a vast amount of money festering away in the European banking system which is not real money, in which case we need to take it back. I ask for an investigation and for noble Lords to support my plea.
From Poor Richards Blog
http://poorrichards-blog.blogspot.com/2012/02/intel-exclusive-trillion-dollar-terror.html
LORD JAMES OF BLACKHEATH, EXPOSING "TRILLION DOLLAR TERROR"
Bush, Fed, Europe Banks in $15 Trillion Fraud, All Documented
By Gordon Duff, Senior Editor
-
Below is one of the strangest stories in financial history, one involving the US government lying about hundreds of thousands of tons of imaginary gold, illegal wire transfers and loans totalling $15 trillion. The video, from the House of Lords, is amazing in itself.
What it doesnt express is where the money came from though Lord James of Blackheath proves conclusively that an effort was made to say it came from a gold reserve in Brunei that, in fact, never existed.
At surface, it appears we have stumbled upon the largest terrorist organization in the world and have found original documents tracing its funding to the Secretary of the Treasury and the Chairman of the Federal Reserve, two of the top financial officers in the US. A cursory review of terrorism statues in the US indicate that all transactions we will learn about are, in fact, to be assumed terrorist money laundering and that the only thing preventing the immediate arrest of hundreds of top financial officials is their political connections alone.
We will be able to offer an alternative, more insights, some hard intelligence and some very valuable background that we hope will offer insightful and realistic perspectives on this amazing story. On February 16, 2012, Lord James of Blackheath, member of Britains House of Lords presented evidence of an illegal scheme begun, he has thus discovered, in 2009. His documents including originals signed by Alan Greenspan and Timothy Geithner, show the illegal off the books transfer by the Federal Reserve Bank of New York of $15 trillion to, initially, HSBC (Hong Kong Shanghai Banking Corporation) London and then to the Bank of Scotland. The Bank of Scotland, under royal charter but restricted from involvement in any such transactions, simply gave the money to 20 European banks to use in a highly profitable scheme of co-trading fresh cut MTNs (mid-term notes), generating trillions of dollars in profits over 3 years, none of which is shown on books, none has been taxed or has benefitted shareholders in those banks.
As Blackheath outlines, the deception and cover for this transfer is the imaginary seizure of 750,000 tons of gold by agents of an unspoken entity (confirmed by the highest official sources as the Bush family and CIA), the listed source of the money. The government of Indonesia confirms this to be an utter fabrication and that the individual named had 700 tons of gold (about half of what Gaddafi was holding), not 750,000. It is noted that only 1,500 tons of gold have ever been traded in world history, as stated in the House of Lords.
LORD JAMES OF BLACKHEATH, EXPOSING "TRILLION DOLLAR TERROR"
Bush, Fed, Europe Banks in $15 Trillion Fraud, All Documented
By Gordon Duff, Senior Editor
-
Below is one of the strangest stories in financial history, one involving the US government lying about hundreds of thousands of tons of imaginary gold, illegal wire transfers and loans totalling $15 trillion. The video, from the House of Lords, is amazing in itself.
What it doesnt express is where the money came from though Lord James of Blackheath proves conclusively that an effort was made to say it came from a gold reserve in Brunei that, in fact, never existed.
At surface, it appears we have stumbled upon the largest terrorist organization in the world and have found original documents tracing its funding to the Secretary of the Treasury and the Chairman of the Federal Reserve, two of the top financial officers in the US. A cursory review of terrorism statues in the US indicate that all transactions we will learn about are, in fact, to be assumed terrorist money laundering and that the only thing preventing the immediate arrest of hundreds of top financial officials is their political connections alone.
We will be able to offer an alternative, more insights, some hard intelligence and some very valuable background that we hope will offer insightful and realistic perspectives on this amazing story. On February 16, 2012, Lord James of Blackheath, member of Britains House of Lords presented evidence of an illegal scheme begun, he has thus discovered, in 2009. His documents including originals signed by Alan Greenspan and Timothy Geithner, show the illegal off the books transfer by the Federal Reserve Bank of New York of $15 trillion to, initially, HSBC (Hong Kong Shanghai Banking Corporation) London and then to the Bank of Scotland. The Bank of Scotland, under royal charter but restricted from involvement in any such transactions, simply gave the money to 20 European banks to use in a highly profitable scheme of co-trading fresh cut MTNs (mid-term notes), generating trillions of dollars in profits over 3 years, none of which is shown on books, none has been taxed or has benefitted shareholders in those banks.
As Blackheath outlines, the deception and cover for this transfer is the imaginary seizure of 750,000 tons of gold by agents of an unspoken entity (confirmed by the highest official sources as the Bush family and CIA), the listed source of the money. The government of Indonesia confirms this to be an utter fabrication and that the individual named had 700 tons of gold (about half of what Gaddafi was holding), not 750,000. It is noted that only 1,500 tons of gold have ever been traded in world history, as stated in the House of Lords.
JDPriestly
(57,936 posts)4. Looked to me like some of the Lords could barely keep
straight faces during this poor man's presentation.
Oh, dear. His family needs to watch out for this man's welfare. I understand he was quite successful at one time. What a shame!
Some guy fell for the Nigerian emails again
Junkdrawer
(27,993 posts)5. Those bankers would NEVER....
oops...