Tuesday, May 21, 2013

OPERATION STILLPOINT TO DESTROY AMERICA STOPPED

Reported By Drake:

OPERATION STILLPOINT TO DESTROY AMERICA STOPPED
[Please note the bottom note re: Chris Story]
http://whatreallyhappened.wikia.com/wiki/Operation_Stillpoint
Please take time to read the following article. If it can be verified then there are some BIG changes coming very soon!!
We are now in a position to tear part of the veil away from the secret stage on which saboteurs operating from WITHIN US Government structures have been systematically, over a prolonged period of years, seeking to do nothing less than seize the assets of the entire United States and its people, in a mad revolutionary offensive to convert the country into a fiefdom controlled by a small clique of arrogant maniacs.
This will require patience on the part of the reader, as historical references will be necessary in order to bring this scandalous state of affairs to life, and to expose what has been going on.
The last time an attempt was made by the Fifth Column buried inside the Intelligence Power and scattered around other structures was in 1984, with the previous Dollar Refunding Operation.
A FIVE-PHASE, LONG-RANGE SUBVERSION OPERATION In essence and in outline, the secret offensive against the United States and its people directed from within by subversives headed by George Bush Sr. and his controller-handler, Dr Henry 'Heinz' Kissinger, and micromanaged by Bush Sr.'s criminal financier Dr Alan Greenspan, with embedded participation of Leo/Lee Wanta, involved the following intended stages:
* Stage 1: Developing myriad Ponzi schemes and giga-thefts, of infinite variety, and BY ANY MEANS, in order to procure 'base money' for open-ended unreported, off-balance sheet, untaxed leveraging and hypothecation operations.
* Stage 2: Maximising the potential for the accumulation of trillions of fiat dollars by means of such financial sorcery, both for personal self-enrichment purposes and in order to accumulate a colossal fund of fiat 'money' from Fraudulent Finance operations, ready for Stage 3.
* Stage 3: Deliberately inducing the collapse of the US financial system and economy to facilitate Stage 4:
* Stage 4: Mobilising the colossal accumulated portfolio of Fraudulent Funds, stashed offshore and untaxed, with a view to buying up collapsed US assets across the board, so that the entire economy wound up in the hands of the controlling saboteurs.
* Stage 5: The ELIMINATION of commercial banking and its replacement by the US Treasury's Direct Account.
The codename for this operation, directed from within the deeply compromised and penetrated US Government structures, was, and remains to this day, OPERATION STILLPOINT.
This offensive against the United States directed from WITHIN the US official structures, despite setbacks, including the recovery (for which we were partly responsible) of the British Monarchical Power's gold diverted with inside connivance at the Bank of England on 29th-30th March 2007, was STILL on course for completion but was knocked decisively off-course following the 'lockdown' of the $14.0+ trillion of sovereign funds, including the $6.2 trillion of funding provided on LOAN for the G-7-approved on-balance sheet Dollar Refunding Programme on 10th-12th September 2008. These funds were simply regarded by the criminal Paulson Treasury as candidates for diversion and exploitation, rather than for application for the purposes intended by the owners of the funds.
OPERATION STILLPOINT NEUTRALISED BY EVENTS IN DECEMBER 2009 OPERATION STILLPOINT was finally DEFEATED with the confirmation, application and decisive consequences of the sovereign lenders' Writ of Execution, followed by imposition of the massive Lien against the US Treasury for $47 trillion which the defrauded parties, the Chinese authorities and the British Monarchical Power, had to execute on or about 6th December 2009.
However, notwithstanding that OPERATION STILLPOINT has been destabilised, degraded, collapsed and is in the process of being dismantled - and the Republic therefore prospectively rescued at the last moment from what was intended by its sworn enemies - certain operatives, including Leon Panetta, Timothy Geithner, Mrs Hillary Clinton, former Vice President Richard B. Cheney and, at the bottom of the pile of snakes, Wanta, have had a problem getting used to the NEW PARADIGM, whereby the subversives engaged in the systematic sabotage of the ongoing US financial restitution operations (in order to 'rescue' OPERATION STILLPOINT), have now been placed not only firmly on the defensive, but in a bind from which they cannot extricate themselves (even though their arrogance remains such that they imagine that they can).
OPERATION STILLPOINT, re-invoked in sterile fashion by Wanta in November 2007 to trigger the domino effect, was put together by the traitors George Bush Sr. and Dr Alan Greenspan. When the exposures and the September 2008 'lockdown' stymied the Paulson Treasury, strenuous efforts were made to saddle (intended) President Obama with a team of colleague-snakes who could be relied upon to revive, perpetuate and conclude OPERATION STILLPOINT beyond Stage 2. This team of traitors is now under intense pressure, as indeed are ALL personnel within and beyond the US official structures who have participated in these unending criminal operations, serving the interests of enemy foreign powers, to bring the United States and its people to their knees
CRUCIAL MEASURES TO BACK UP THE $47 TRILLION LIEN ON THE TREASURY As indicated, patience on the part of the reader is necessary because we first have to address the present situation, which is explosive and historically unprecedented. Specifically:
* INTERPOL'S DIPLOMATIC IMMUNITY AND HABEAS CORPUS: For the purposes of surmounting this crisis, and FOR NO OTHER PURPOSE, contrary to the ignorant knee-jerk chatter on many websites, President Barack Obama promulgated Executive Order 13524 on 16th December 2009, which amended Executive Order 12425 dated 16th June 1983 (amended by the Executive Order 12971 dated 15th September 1995) so as 'to extend the appropriate privileges, exemptions, and immunities of the International Criminal Police Organization (INTERPOL)'.
* The effect of President Obama's Executive Order of 16th December 2009 is to grant INTERPOL full immunity from search and arrest or seizure of all INTERPOL properties including the agency's own personnel, thereby providing INTERPOL with de facto diplomatic immunity.
This is a truly historic development, because it means that for the purposes of resolving this crisis HABEAS CORPUS IS SUSPENDED. The last time this happened was under President Lincoln.
The US Government has surrendered its authority to an international organisation charged with investigating corruption inside the US Government's own structures. The United States has not been sovereign since the Lien Holders had to proceed with executing their Lien on or about 6th December 2009, but will of course resume its sovereign status on satisfaction of the Lien.
With Habeas Corpus suspended for the purposes strictly of procuring compliance with the Writ of Enforcement and the huge Lien against the US Treasury and thus the (legitimate) Settlements, the heavily armed status of INTERPOL and other foreign enforcement personnel that are operating under diplomatic cover to bring this crisis to resolution on behalf of the injured parties, the myriad Ponzi victims of the Syndicate's schemes, the United States, the American people and the Rest of the World, can be more readily appreciated.
* ALL MONEY SABOTEURS = ECONOMIC TERRORISTS As revealed in our 28th December report, on the basis of information divulged to us on 26th December 2009, the US Department of Justice within the Executive Branch has implemented a fundamental POLICY CHANGE, having determined in December, against the background of the execution of the Lien for $47 trillion against the US Treasury, that:
* ALL individuals and entities within the US jurisdiction that have participated in the stealing, diversion and conversion of funds belonging to others, INCLUDING past and present officials within the US Government and its structures, WILL BE INVESTIGATED AND PROSECUTED FOR ECONOMIC TERRORISM perpetrated against the United States and the American people (and the Rest of the World). Specifically:
* ANYONE, whether officials in, or formerly in Government, whether CEOs of financial institutions or lower-ranking bankers, partners in 'involved' US law firms, all intermediaries and intelligence operatives and others who have been engaged in obstructing the Settlements process by ANY MEANS AND AT ANY TIME IN THE PAST, and who have, by their actions, contributed to the DELAY, are being treated forthwith as ECONOMIC TERRORISTS - by the US justice system itself.
* Perpetrating ECONOMIC TERRORISM will be, and is, to be treated as TREASON by virtue of the fact that it entails DECLARING ECONOMIC WARFARE AGAINST THE UNITED STATES OF AMERICA AND ITS PEOPLE, AND AIDING AND ABETTING THE ENEMIES OF THE UNITED STATES.
* The penalty for TREASON IN TIME OF WAR is summary execution.
* This decision PRECISELY REFLECTS what we have been proclaiming in this column for the past three years. We are informed that the US Justice Department has at long last understood what we have been saying, and has been galvanised by the horrendous implications for the $47 trillion Lien on the US Treasury and its decisive ramifications, into adopting the foregoing as RIGID OFFICIAL POLICY from which no deviation will be permitted.
* It follows that the US Attorney General and all the State Attorneys General are obliged to act vigorously on the basis of the POLICY CHANGE, or they themselves can and will be arrested for obstruction of justice by INTERPOL personnel and then extradited to a jurisdiction such as the British jurisdiction for defying obligations imposed on them by International Law.
* It should NOT be assumed that this POLICY CHANGE arises because of a change of heart at the US Department of Justice (resulting for instance from reading our reports). On the contrary:
* This POLICY CHANGE is a direct consequence of the situation arising from the implementation of the Lien and the drastic enforcement measures that are being taken inside the United States by the international cadres and 'men in suits' referenced in recent reports. President Obama's Executive Order Amending Executive Order 12425 dated 16th December and publicised by the Office of the Press Secretary, White House, on 17th December 2009 [see above], to 'extend the appropriate privileges, exemptions, and immunities to the International Criminal Police Organization (INTERPOL)' is associated with this POLICY CHANGE at the US Department of Justice.
* Finally, since this is, as reiterated, an official POLICY CHANGE, its full implementation is NOT dependent upon finalisation of the Settlements. This reality should quickly lodge itself inside the brains of the official and financial sector criminal financiers and thieves, who face investigation and prosecution ANYWAY. Obviously, if they persist with their obstruction, thefts and diversionary operations, they will be increasing their chances of being summarily executed for treason.
* EVERYBODY INVOLVED IN DEFRAUDING THE UNITED STATES IS TO BE TARGETED: Although this fact is confirmed above, it was REITERATED with further emphasis to this service on 3rd January that EVERYBODY, without exception, who has been involved and remains involved in defrauding the United States and the American people is going to be investigated.
CHANGE OF ATTITUDE NOTED IN CERTAIN QUARTERS This development has almost immediately resulted in a previously unheard-of 'sudden amendment' of the 'attitudes' and visibility of certain parties that are known to this service and to its advisers. People inside the structures are stunned and are scurrying for whatever shelter they think may protect them from the consequences of their corrupt activities. Furthermore, the same applies to certain collaborating parties outside the United States.
Members of the US Congress and officials at the Departments of State, Justice and in the White House, as well as within the vast Intelligence Power's structures, the Pentagon and elsewhere, and in foreign governments and their structures, are reported to be quote 'falling over themselves' to avoid the axes that are falling from the sky, taking aim at their necks. Never have so many officials in the United States and other countries been so scared of what lies in store - for them personally.
* Stony silence on these developments: No doubt alert readers will have observed that no substantive notice of the above, after we had reported it all on 28th December 2009, was taken by certain websites which purport to exist to enlighten the US public but which in reality specialise in maximising the potential for confusion in order to sustain the orchestrated but collapsing smokescreeen behind which these abominations, and OPERATION STILLPOINT, were being perpetrated.
This silence provides prima facie evidence that the US websites in question have indeed been involved, as we have suggested in the past, in the massive orchestrated agitprop and cover-up operation that has had to be mounted by the compartmentalised sleaze cadres to obfuscate the systematic treachery against the United States, which is without historical precedent in terms of the scale of this operation.
* President Obama's private hell: Faced with this unprecedented state of affairs, President Barack Obama's backbone appears to have been stiffened, given the extremes of treachery seen within his own Cabinet and among his colleagues. In a revealing caption on 2nd January 2010, The Daily Telegraph noted: 'President Obama looked weary after repeated interruptions to deal with the aftermath of the syringe bomber plot' [sic, as incorrectly assumed by the caption writer]. 'An aide insisted that the 48-year-old found his holiday "rejuvenating", but his graying hair and drawn look seemed to tell another story'.
Some of the factors causing Mr Obama's hair to turn white - which can happen to people wracked by anxiety and stress - are summarised below. But first:
THE PENDING CMKM/CMKX LAWSUIT AGAINST THE S.E.C.: THE BIGGEST FRAUDULENT FINANCE SUIT IN HISTORY Lawyers acting for CMKM (CMKX) investors have prepared an immense class action lawsuit against the Securities and Exchange Commission and its Commissioners individually and severally claiming compensation in respect of 3.5 billion legitimate shares, seeking release of all the funds that have been collected (DTCC) for the sole benefit of CMKM/CMKX shareholders... for damages in excess of $3.87 trillion, based on allegations that the S.E.C. invented 2.25 trillion of PHANTOM SHARES in CMKM/CMKX stock, which were exploited and traded illegally given that the phantom shares were of course fraudulent and that stock did not, therefore, exist legally - scooping vast illicit scamming profits which were stashed off-balance sheet - in a colossal Ponzi operation perpetrated by the S.E.C. itself in collaboration with George H. W. Bush. George W. Bush, and other Bush Crime Family associates. THIS WILL BE THE BIGGEST OFFICIAL FRAUD CASE IN WORLD HISTORY.
When filed, this lawsuit will almost certainly be the development that will crack the immense edifice of systemic and deliberately subversive official corruption wide open and force it into the public domain once and for all - because the so-called 'mainstream' media wil surely be obliged, given the unprecedented size of this lawsuit, to pay attention to this one.
Of course, they will probably immediately get the wrong end of the stick, assuming ('under advice') that this was 'just another giga-scam' - rather than in reality a further component (albeit a scam without any historical precedent) of the orchestrated offensive perpetrated FROM WITHIN THE U.S. OFFICIAL STRUCTURES against US capitalism and the financial system masterminded by George H.W. Bush and his crime associates and financial technicians: OPERATION STILLPOINT.
And who features among the 'partners' of George Bush Sr. within the former Barrington Investment Group, now Deutsche AG, under the control of the DVD's primary banker, Dr Joseph Ackermann, CEO of Deutsche Bank? Why, the former Leninist President of the Soviet Union, M.S. Gorbachëv.
* Are you beginning to get the picture?
* Recall that German long-range 'Black' counterintelligence, the heirs of the Abwehr (DVD), and Soviet 'Black' intelligence (fronted these days by Soviet Military Intelligence, GRU, for which 'Prime Minister' Vladimir Vladimirovich Putin is the public face), work together at high levels against 'the Main Enemy' - and have always done so. In this connection, the 'successors' to the KGB (FSB) are in charge of the Russian Federation's outward-facing stance for international public consumption. The FSB operates a presentational policy which is the dialectical (Leninist) opposite of the secret ongoing responsibility and commitment of the GRU to preserve the integrity of the Leninist Party-State and its structures, which went 'underground' with the 'changes' of 1989-92.
THE CASE THAT WILL CRACK THE CRISIS WIDE OPEN US authorities were reported to us on 3rd January 2010 to be so worried about this huge pending CMKM/CMKX lawsuit, which had been submitted in outline as a 'proffer' to them in advance, that frantic efforts were allegedly being made as this report was being prepared, to locate the $3.87 trillion 'needed' to 'shut the CMKX people up'.
CMKM/CMKX was originally set up from within the CIA as yet another Bush Crime Syndicate-related Ponzi scheme, to finance OPERATION STILLPOINT (like everything else).
Under the original criminal scheme, the Securities and Exchange Commission was to serve (and did serve) as another trading platform for the Bush subversion operation. Originally, the intention had been to conduct this illicit phantom trading op. through the Federal Financing Bank (FFB), a special entity within the US Treasury which has been used over the years for 'smoke and mirrors' financial obfuscation purposes, and also to provide the Secretary of the Treasury with up to $15 billion of prospective 'borrowing space' (as allowed to the FFB by Statute) when Congress delays the raising of the Statutory Debt Limit, as it does every few years or so in order to remind the US Executive Branch that the Congress is supposed to control the purse strings; but that plan was abandoned when it was found that the FFB was subject to 'too many restrictions' which would be inconsistent with the underlying criminal intent.
Ironically, Congress won't need to raise the Statutory Debt Limit - which is essentially now the sole remaining substantive whip that it can wield to force the Executive to recognise that it controls expenditure - with the start-up of the Dollar Refunding Programme, given that the tax accruals due to the US Treasury arising from the eight weekly trades will in due course obviate the necessity for the Statutory Debt Limit to be raised at all.
* This insight provides a possible explanation, beyond endemic corruption, for the resistance to overall resolution that has been the hallmark of the US Legislature over the years.
MASSIVE PONZI SCAM RUN FROM WITHIN BUSH'S S.E.C. So the S.E.C. - which is responsible for monitoring the honesty and integrity of securities trades - was itself used as cover to establish and operate an off-balance sheet trading platform which was to be employed to clean up vast accruals by illicit means. This mechanism followed the standard intelligence deception principle that the most effective cover to operate from is from within the entity that is charged with monitoring and exposing the criminal activity to be perpetrated. It's called a form of 'sib' operation.
Under George W. Bush, between June 2004 and 28th October 2005, it is alleged that no less than 2.25 trillion of phantom CMKM/CMKX stock were sold into the stock market under this S.E.C. cover - which has to rank as by far the most brazen Ponzi scam in world history: and one, furthermore, that was set up and perpetrated by and from within the US official structures with the specific intention of 'screwing' the investing public, notably the investors in CMKM/CMKX shares.
Of course, the S.E.C. has no right or legitimate power to allow or approve phantom trades to be conducted by its own personnel or on its behalf on an illicit trading platform - an obscenity which calls into question the validity of all its current and former lawsuits against myriad lesser market perpetrators since this unprecedented official Bush-developed financial aberration started.
On the contrary, we would expect market defendants convicted of dodgy dealing to be instructing their lawyers on the basis of this staggering emerging evidence that the Securities and Exchange Commission is itself a criminal enterprise.
Eventually, the illicit CMKM/CMKX proceeds from the PHANTOM SHARE trades were brought back into the Bush-CIA Crime Syndicate's orbit via Tyler, Texas (Bush territory).
The reason that the CMKM/CMKX investors have legitimacy and standing is that, following an earlier lawsuit, the investors' case as Ponzi victims, was upheld - so that they are now in the driving seat, even though the original scheme was a CIA front operation.
This state of affairs TERRIFIES multiple perpetrators across the board, and needs to be considered in the context of the CHANGE OF POLICY at the US Department of Justice and INTERPOL's de facto diplomatic immunity and the consequent implications for Habeas Corpus.
CIVIL WAR WITHIN THE INTELLIGENCE POWER Not surprisingly, it has become evident, and we are specifically informed, that civil war has broken out within the main flank of the corrupted Intelligence Power.
This was to be expected, given that OPERATION STILLPOINT has been disrupted and that the Bush Syndicate is in the process of being 'taken down' - although, unbelievably, Bush Sr. and Barbara were still NOT in custody as of 5th January 2010.
Tensions have erupted between the discredited Bush-DVD Syndicate penetration cadres and elements within the CIA who range from professionals disgusted at the behaviour of their agency (begging the question: they went along with it, so they haven't a leg to stand on), and operatives who find their noses out of joint for whatever reason (such as non-fulfillment of Pay Orders, which cannot now be fulfilled because they involved financial corruption) may apply. The tensions duly erupted into bloodshed during the holidays.
Specifically, the 'Black Ops' specialists, probably directed inter alia by senior CIA operative Mrs Hillary Clinton who disappeared into Afghanistan and the region during the Christmas and New Year period, have been working overtime to develop new terror 'false flag' operations, of which the Northwest Airlines Flight 253 near abomination was one example - in time to try, against the odds, to abort the derailing and closedown of OPERATION STILLPOINT - which the stupid 'Black Ops.' people don't appear to have realised is HISTORY. As previously mentioned these liars, deceivers and dealers in murder and the 'Black arts' are exceedingly stupid at all times.
On New Year's Day, The Times (London) and other 'mainstream' media reported the furious response of Afghani security chiefs to the cold-blooded murders of at least eight children and teachers during a night raid in Eastern Afghanistan - an outrage that triggered justified mass protests across Afghanistan at the barbarity of these assassinations. The high Afghani officials demanded that the United States must hand over the gunmen who perpetrated these atrocities.
The Afghan National Security Council (modelled along US and Soviet lines), chaired by President Karzai, demanded that 'those responsible for the deaths of those innocent youths must be handed over to the Afghan Government'. Mr Karzai's office elaborated: 'International forces entered the area and killed ten youths, eight of them school students inside two rooms in a house, without encountering any armed resistance'.
The local headmaster, Rahman Jan Ehsas, told The Times that 'seven of the children were handcuffed before they were shot. A local farm labourer and a shepherd boy were also killed'.
Although (inevitably) a Western official commented that 'there's no doubt that there were insurgents in there, and there may well have been an insurgent leader in the house', he added:
'But that doesn't justify executing eight children who were all enrolled in local schools'.
'C.I.A. ASSASSINS EXECUTED BY ORDER FROM WASHINGTON' IN ANOTHER COVER-UP All reports on this incident have so far missed the point, which is illuminated by the sequel - namely that following this massacre, a 'suicide attacker' killed eight US civilian operatives.
[Although we are informed that no less than 13 CIA operatives were present at the same time in the remote location - an unbelievable breach of basic security standards].
* These killings took place at a CIA base, Camp Chapman, in Khost, on the Afghan-Pakistani border. Those killed were the CIA 'Black Ops' personnel who perpetrated the murders of the children and teachers - to escalate Afghani and Islamic tension generally, in pursuit of an emergency agenda intended to smother inter alia the takedown of OPERATION STILLPOINT.
You don't believe this? Then let us share some special intelligence with you - obtained, indeed, from intelligence sources. These eight 'Black Operations' murderers were themselves liquidated on orders from Washington (probably approved at the highest level, certainly the National Security Council), not as retribution for what they did of course, but because the Afghani authorities were calling (see above) for these US demoniacs to be handed over to the Afghani authorities so that they would appear in Court - unleashing further appalling publicity for the Americans and the CIA, to be splashed around the world's 'mainstream' media.
The Afghans wanted these US bandits under their authority; so the order was placed by US officials for these men to be executed. In other words, yet another CIA-sponsored 'Black Ops.' abomination ended in failure and the murder of Americans by the US Government's own structures - illustrating both the extreme desperation of the Intelligence Power as it is split apart by its internal rivalries and the ongoing but incomplete purge of the Fifth Column saboteurs, and the mental retardation of the out-of-control Fifth Column fools inside the Agency and its subsidiaries and 'privatised' cadres who are recklessly plotting these sabotage outrages.
C.I.A. SPIN-DOCTOR TRIES TO OBFUSCATE THE SITUATION On 4th January 2010, Bruce Riedel, a so-called 'former' CIA office and now a 'White House adviser, suddenly surfaced to promulgate, for public consumption, an obfuscation 'line' to the effect that the 'suicide attacker' who made certain that the eight (CIA) operatives were duly horizontalised was a Jordanian double agent sent to 'hunt down top Al-Qaeda leaders', according to The London Times [5th January 2010]. Mr Riedel even obliged the media with the wholly unnecessary detail of the full-blown name of this now dead attacker: Humam Khalil Abu-Mulal al-Balawi. His intelligence 'handler', Ali bin Zeid, was said to have been killed, along with seven (not eight) CIA operatives.
Riedel elaborated with unnecessary and contradictory detail: 'The officer was also a member of the Hashemite Royal Family, which is part of the reason the King and Queen [of Jordan] attended his funeral, and why he is now being remembered [in Jordan] as a national hero'. (This has indeed been separately confirmed to us).
Spin-doctor Riedel added: 'The bomber allegedly [sic] was sent by [al-Qaeda's supposed 'Number Two'] Ayman al-Zawahiri himself, to conduct the attack'.
No sir. These executions of CIA operatives were ordered from Washington to cover up the latest mad attempt by the stupid demoniacs in the Fifth Column to try to sabotage the de facto takedown of OPERATION STILLPOINT which is happening in 'real time' - threatening the continued unhealthy hegemony of the corrupt and evil US Intelligence Power in the process.
WHITE HOUSE WISES UP TO THE INTERNAL TREACHERY: On 5th January, Webster G. Tarpley, a respected veteran reporter, published an analysis in which he supported our KNOWLEDGE (which is based on intelligence obtained prior to his report) that operations are being and have been run FROM WITHIN THE US OFFICIAL STRUCTURES to try to destabilise President Obama at this critical stage.
However no-one reporting on these matters has yet understood that the underlying rationale for these treasonous operations has to do with the preservation of the Intelligence Power's collapsing control hegemony, and the stunted mentality of corrupted cadres and their handlers who have not yet wrapped their minds round the reality that OPERATION STILLPOINT is being dismantled.
Of course the problem here is that hardly anyone, even within the compartmentalised elements engaged in these futile and desperate late terrorism operations perpetrated against their own nation, Government and people (not to mention 'collateral damage' abroad, which none of them care about), know or have known of the existence of the OPERATION STILLPOINT plot.
(Which also, incidentally, illuminates the folly of those who persist in fomenting the fallout from the orchestrated, partisan campaign against President Barack Obama, which in fact masks the SAME underlying intent - to rescue the desperate American Intelligence Power from its fate, along with OPERATION STILLPOINT, a FOREIGN-inspired long-range deception offensive targeting the US component of the 'Main Enemy'. So, in persisting with this behaviour, these people are actually, or have been, participating, consciously or unwittingly, in the massive Fifth Column programme to destroy and 'take down' the United States. Which is the reverse of what most of these people want. 'Those whose clothing is made of esparto grass shouldn't stand too close to the fire').
OBAMA KICKS BUTT AFTER RETURNING FROM HAWAII For, make no mistake: President Obama has been 'kicking butt' ever since his return from Hawaii. He has realised, not least, that he has no alternative, if he himself wishes to avoid abrupt arrest by INTERPOL for OBSTRUCTION OF JUSTICE (which is what he was told on 4th January 2010). At the same time, in any case, his first year in office has been completely wasted due to the subversive activities of the high-level saboteurs in his Cabinet and entourage, who were largely foisted upon him - by the recalcitrant, penetrated Intelligence Power.
He needs the money for his programmes (of which one can hardly approve BUT THAT'S NOT THE POINT at this juncture); and he needs the money for the bankrupt US States, and because THIS IS A MID-TERM ELECTION YEAR.
Most of all, he needs resolution so that the poisonous venom of this crisis is finally squeezed out of the system - and so that the axes that are cascading from the sky on numerous brazen, corrupt necks, fall where they are now destined to fall. He's had enough.
RICHARD WOLF ALLUDES TO ROGUE OPS. INSIDE THE STRUCTURES Mr Tarpley cited the report by Richard Wolf on a cable network programme, and we'll let the author speak for himself - correcting him, or elaborating briefly, at the end of these excerpts:
'Washington, DC: 5th January 2010: Officials in the Obama White House are now considering the possibility that the Christmas Day attempt by Nigerian terrorist Umar Farouk Mutallab to blow up an airliner about to land in Detroit was deliberately and intentionally facilitated by unnamed networks inside the US intelligence community. This was the gist of a report by Richard Wolf delivered in this evening's edition of cable network's MSNBC's Countdown program, hosted by Keith Olbermann....
'Wolf attributed his account to top officials in the Obama White House. The intentional sabotage of US antiterrorist screening procedures would explain why Mutallab had been able to use his US visa, escape interrogation and special searches, and board the flight, even though he was clearly festooned with every red flag in the annals of airport security.
If Wolf's report is accurate [of course it is, as far as it goes: Ed.], these Obama officials may well be pulling on a thread which could begin to unravel the entire secret structure of illegitimate power which has afflicted this country - in this case, the apparatus which manufactures terrorist incidents for political purposes of mass manipulation, dictatorship, and war'.
'Wolf offered two possible explanations cited by his White House sources [sic] for the intentional sabotage of security procedures. The first was a "turf war" inside the intelligence community, with one agency seeking to hoard information and deny it to others'.
'The second was the intention to 'embarrass some leading figures', presumably referring to partisan animus or other resentments against Obama and his top appointees'.
Unfortunately, Mr Tarpley, has not been reading our reports - or he would have grasped by now the real reasons for these various grievous intelligence aberrations. But at least we now have a respected US journalist who understands extremely well that the United States' and the world's problems originate FROM WITHIN THE U.S. GOVERNMENT'S OWN STRUCTURES - an enormous leap forward which, as he puts it, suggests 'that all the naïve cover stories are about to collapse in a shock of recognition that networks infesting the US Government do indeed actively create and produce terrorist events for their own evil purposes. We need more mole detectors at the NSC, CIA, State Department, and Pentagon - not more harassment of the traveling public'.
Surely one of the most perceptive, incisive, and deadly accurate bullseyes that we have ever had the honour to report.
WHITE HOUSE PENETRATIONS 'SENT MESSAGES TO OBAMA' The scandalous state of affairs which has surfaced following the arrival at a White House State Dinner for the Indian Prime Minister of an uninvited couple, Tareq and Michaele Salahi, has been further aroused with the latest revelation - noted inter alia by Sally Quinn in a Washington Post report on 6th January 2010 - that a third uninvited individual, Carlos Allen, also gate-crashed the State Dinner, passing himself off as a member of the Indian delegation. Ms. Quinn demanded that the White House Social Secretary, Desirée Rogers, a socialite from Chicago, should be made to resign over these incidents.
Once again we have a correspondent who appears to have got the wrong end of the stick. Quinn links the continued presence at the White House of Ms. Rogers to indications that Rahm Emanuel has finally seen the writing on his own wall, and is believed to be considering running for the post of Mayor of Chicago in the current year's upcoming mid-term elections.
She bases this on indications that Emanuel is said to have told unnamed personnel that the rôle of White House Chief-of-Staff is 'an 18-month job' and that he is now considering running for Mayor of Chicago. Since Rogers is reported to be 'a major social and political player in the Windy City', Ms. Quinn 'thinks laterally in the wrong direction' and wonders whether Rogers hasn't been sacked because of Mr Emanuel's political ambitions.
It's interesting how these American journalists just get it plain wrong because they don't educate themselves in the affairs of the 'Black' Intelligence Community.
So, since we ourselves are somewhat educated in this discipline, let us reinterpret the meaning of these three White House intrusions. Knowing the perverted and otiose mentality of these stupid operatives, it is clear to us that the purpose of the White House intrusions was to impress upon Mr Obama that he isn't safe ANYWHERE - even inside the White House itself.
In other words, the intrusions were intended to send a message to the President of the United States, from the angered criminalised Intelligence Power, along the familiar lines of: 'Do what we want or we'll make sure that you'll cease to be vertical'.
FURTHER ACTIONS TAKEN AGAINST THE BUSHSNAKES On 3rd January, we were informed that George Bush Sr. and Barbara Bush have been prevented from touching any money and interfering with banking codes. Furthermore, a very knowledgeable source elaborated: 'All the money accumulated by (CHENEY'S) Halliburton has been removed, and Bush 41 and Bush 43 have been deprived of all their stolen money as well.
It also transpired that the Bushes were running two additional sets of phony books through false groups - one of which was called 'Halleluiah Trail', and another, run out of Europe, containing the name 'Horizon'. The operators of these fraudulent Ponzi schemes were ordered to reveal and then to disgorge funds held in custody; and when they demurred or stalled, or denied that they held the funds, the operatives concerned were arrested (between New Year's Day and Sunday 3rd January).
Of critical importance, too, is the fact that the Chinese authorities and the Swiss are refusing point blank to pay ANYTHING at all to the Bushes and their criminal associates.
* That of course means that, as has been plain for months, Wanta, who has 'worked for' Bush all along [see below], gets nothing either.
In summary, the Bush-CIA-DVD's 'Black Ops.' Intelligence grabitisation OPERATION STILLPOINT Syndicate is being DISMANTLED in 'real-time'. It began with the Bank of Credit and Commerce International (BCCI) 'sib' operation, financing wars and destabilisation operations all over the place, creating maximal confusion - from which money was always to be made.
Though lubricated by the Bush-CIA's criminal drug-trafficking operations and CIA 'Black' money derived from innumerable Ponzi schemes and arms manufacturing, as well as by CIA corporations specialising in fraud such as Cheney's Halliburton with its scamming departments run from within the CIA and the Pentagon simultaneously, the entire edifice of the Octopus is in free-fall - a reality that its personnel cannot accept, so that they are being arrested, horizontalised or all of the above.
OTHER RELEVANT DEVELOPMENTS SINCE WE LAST REPORTED Indeed, rearguard resistance continued right through the preparation of this report.
Therefore, the next segment of this report addresses miscellaneous interim developments since we last reported, of which the most important are the following:
* The ongoing audit by foreign personnel ('men in suits') of the Federal Reserve, led by Chinese, British and Swiss auditors, continued, we understand, throughout the holiday period. Enforcement personnel remained in place at the Fed to ensure that Settlement funds were/are not diverted in accordance with the Federal Reserve's normal corrupt procedures.
* During the review period, this service made repeated enquiries as to whether all avenues enabling corrupt diversions of funds into the hands of the Bush-DVD Crime Nexus had been closed. These enquiries were repeatedly answered in the affirmative: in other words, as stated elsewhere, scope for the Bush Syndicate to steal funds appears indeed to have been completely sealed off - indicating that the takedown of OPERATION STILLPOINT is substantive.
* International Monetary Fund: Under the direction of the former French Finance Minister, M. Dominique Strauss-Kahn, corrupt operations appear to have been brought under control. It is now clear that his predecessor, the Spaniard, De Rato, left after two years in charge, under a cloud. Given George Bush Sr.'s extensive use of Spain as a receiving platform for drug-trafficking proceeds and other exotic illicit funds - and the fact, which we alone publicized, that the Bank of Spain ordered the Bush operatives out of their jurisdiction in 2007, giving them two days' notice (whereupon the corrupt Bush funds were reported to us to have wound up with the Vatican Bank, controlled by the German-Jewish Pope, Dr Ratzinger, and Dr Tietmeyer, the former president of the Bundesbank) - it is rather clear now that De Rato had to be kicked out of the Fund because of alleged engagement with the Bush Crime Syndicate in connection with OPERATION STILLPOINT.
DIARY OF EVENTS FOLLOWING 28TH DECEMBER 2009
* 28th December: The Editor was reliably informed that 'a lot of people got busted' during the past couple of days. As this information came from a figure with rather unsavoury contacts, and similar unconfirmed suggestions to the same effect were received from other sources, we believe this statement to have been accurate.
* 29th December: Between 12 and 14 corrupt bankers were reported to us to have been arrested in London on this date. In Paris, the top Trustee attended at Banque Paribas for the funds release procedure as planned but was subsequently reported to have encountered resistance from Paribas bankers and ended up, as reported to us, 'shouting and screaming' at the bankers.
We were also told that the Paris Trustee's fees were to be paid directly inter alia by President Sarkozy. A key Dallas-based Trustee was reported to be sick in bed with a fever temperature of 102 degrees and was reported to us to have been replaced, having also been identified as 'dragging his feet'. Although one source denied the above, we ourselves established that INTERPOL had indeed intervened in Paris to replace a senior Trustee, while a key Trustee was detained at a US operations centre and replaced, after he had been engaged in alleged delaying tactics.
* 30th December: Informed sources told us that they were 'expecting a lot more arrests'.
* 30th December: The funds were 'dropped down', i.e., made available gross, at midnight. Funds payable to top Trustees will have been taxed at the Treasury, with the gross amounts payable to Trustee recipients and distributors paid without tax being deducted.
* NOTE: This is a complex area which cannot be fully explained at this stage. On the one hand, it was IMPERATIVE for the gross funds to be made available within 2009 - so that taxes could be taken off the top for crediting within the calendar year 2009 and therefore available for use by the Government on the books within Fiscal Year 2010 - which we know from three sources took place.
Indeed, as indicated, a key broker/Trustee confirmed to us in writing on 1st January at 20:24 pm UK time that he was advised on 30 December by sources in both Europe and the United Kingdom that his taxes had already been deducted. On the other hand, double taxation is illegal, so the amounts that Trustees were to distribute had to be paid out gross - preventing the Obama Government from receiving the sizeable taxation accruals required on-balance sheet IMMEDIATELY, as the US Government is 'skint' due to the year that has been wasted in further attempts to revitalise the dying Fraudulent Finance carousel and to rescue OPERATION STILLPOINT pending the decisive action that had to be taken by the defrauded sovereign powers that became the Lien Holders.
Overall, however, the position is that the refusal of Banque Paribas to honour the top Trustee's instructions in respect of funds that we know have been taxed, represented a MAJOR BANK FRAUD under international banking and criminal law, for which the French bankers in question could have suffered literally ANY fate at the hands of INTERPOL - from summary execution, to their immediate incarceration or extradition to appropriate jurisdictions for judicial processing. The key Paris-based Trustee was also required to pay four countries which had floated certain bonds.
* 1st January 2010: It was reported to us that, focusing in part on preventing corrupt bankers and operatives diverting funds back to the Bush 'Black Ops.' Syndicate, INTERPOL had placed teams at both ends of certain Settlements transactions - especially given the endemic corruption within the Federal Reserve, where the Chairman, Dr Bernanke, features among the highest-level operatives within the US official structures who is vulnerable to being targeted under the POLICY CHANGE implemented at the US Department of Justice and in light of the necessary freedom of operation afforded INTERPOL following President Obama's Executive Order dated 16th December 2009.
* The main portions of taxes on the Settlement money were reported to us to have been taken out of the gross amount on 30th- 31st December 2009, so that they are applicable for tax purposes in calendar 2009, meaning that the proceeds are available to the Government now. At 8: 24pm on New Year's Day, we also received, in response to an earlier enquiry to a senior Settlements recipient, confirmation from both US and European sources that 'my taxes were taken off the top on or before 31st December in order for them to be credited to Fiscal 2009. I got that word Wednesday 12/30/09'.
Note: However given that 'Line-Item' payments were not implemented within calendar 2009, as should have occurred (indeed, had been promised for before Christmas), taxes cannot legally be removed from such gross payments in that context, since they are not payable until 15th April 2011; and payment is therefore expected by certain parties in full. Prior deduction of taxes in the current fiscal and calendar years from such payees' amounts would indeed represent major BANK FRAUD and would be eligible for legal action under RICO (three times damages). Put another way, taxes cannot be charged on the basis of constructive receipt: only on the basis of economic receipt.
* 1st January: The Texas firm of lawyers, Troutman Sanders - used in the past by the George Bush Syndicate - was reported to be engaged in breaking down the funds for delivery and distribution. As previously noted, when we were originally informed about this law firm's involvement with the distributions, we couldn't believe what we were being told. However for reasons not yet explained, we were told 'that's the way it's got to be'.
We pointed out that under the new dispensations [see above], any partner within that firm who may be dumb enough to continue functioning as though no fundamental discontinuity from the 'Black Operations' norm had taken place, would be extremely foolish in view of the fact that the penalty for treason in time of war is summary execution. Finally, we were advised that Troutman Sanders was being closely monitored and watched.
* 1st January: About 30 arrests of bankers and organised corruption participants were reported from both Europe and the United States (no further details). It is believed that INTERPOL had made preplanned arrangements to 'set arrestees up' in order to have them arrested 'in flagrante'.
Certainly INTERPOL has been monitoring ALL PHONE CALLS. Nothing at all can be discussed by any relevant party that is not monitored and recorded. Furthermore, INTERPOL personnel were working non-stop to ensure that the funds are secure and performing constant unexpected spot checks at all institutions involved in the transfers.
* 1st January: It was reported to us at 5:20pm UK time that Leon Panetta, the Director of Central Intelligence (CIA), who had been doing his best as late as 3rd January to block the Settlements, is now the target of an investigation and was quote 'physically cornered' unquote on this date not least because it was (correctly) suspected that he was intending to interfere with the Settlements process. We were later advised that Leon Panetta is indeed in severe trouble (as reported on 28th December 2009) and is among a number of highest-level Government figures who are candidates for being 'taken down'. At press date, Panetta was still in place, but 'on notice'.
* 4th January 2010: An arrest list was issued by INTERPOL for a large number of people 'standing in the way' of resolution to be taken into custody. When we made further enquiries, we established that Bench Warrants were issued on this date for service on 137 individuals in the United States. These people will be or are being arrested and taken into custody by US Marshals. Their passports, IDs and driving licenses, etc, will have been removed in the process.
Self-evidently, these arrests implied that those concerned had continued to be associated with OPERATION STILLPOINT sabotage activity designed to disrupt the Settlements payouts. However given that ALL WHO STAND IN THE WAY, from the highest to the lowest, will be investigated and prosecuted [see above], it could also have been the case that these people were on the arrest list anyway, and that with their return to their offices and desks, and the with reopening of the Courts following the long weekend, matters proceeded as had been planned by INTERPOL earlier.
* 4th January: Michael C. Cottrell received a death threat from telephone number 717-294 3687. The FEMALE voice said: 'Is this roadkill?' When they do stupid things like this, they simply advertise that we have trodden on their nerves. [Join the club, Michael].
[Following the Editor's posting of his belated Christmas Message on 4th January, our voicemail received THREE renditions of a satanic mass, including the initiation of a young woman into the worship of Satan: see at the top of this report. The harsh American male voice wasn't satisfied, evidently, with his first attempt, so he did it again - twice. This (and subsequent similar pathetic satanic assaults by the same means) indicates that, of course, the LAST thing these nutcases ever expected was a Biblically literate essay appearing on this website, which usually has to do with vexing worldly matters. The imprecations were full of hatred and venom against Jesus Christ. See the relevant passage from the Gospel of John appended at the top of this report. How shocked and infuriated these fools must be to be made aware that there are still those who are not ashamed to proclaim Jesus Christ, whether they like it or not, and that this is being done on a website that has become - thanks exclusively to YOUR support - widely read, as this crisis unfolds].
* 4th January: The senior Trustee in Paris was required to attend at Banque Paribas (allegedly one of the most corrupt banks in the world, reported to have held or to hold about 3,000 Bush Sr.-linked accounts) between 2:00am and 4:00am European time [8:00am and 10:00am EST], from which (given the huge accumulation of Bush accounts) the distribution must begin.
Bankers at the institution refused to release the funds, and shortly afterwards were arrested by INTERPOL personnel. The refusal of the French bankers to fulfil their obligations represented MAJOR BANK FRAUD [see above] under international banking and criminal law, given that taxes have been taken off the top (which we know from THREE sources, one of which came, as noted, from a Trustee to us IN WRITING).
Moreover this state of affairs represented an IMMENSE CRISIS for President Sarkozy if he or any of his colleagues were involved - as the President of France, like the President of the United States [see below] can be arrested, just like any other participant in the sabotage operations, for blocking the Settlements under the wide powers wielded both in the United States and of course abroad by INTERPOL under the jurisdiction of the World Court.
Before Christmas, we learned that French official sources had finally acknowledged that 'what has to be done has to be done' - which, being translated, meant that Paris had at long last realised and accepted that the Dollar Refunding Programme WILL be run out of London, as we have stated, and that they have to drop their typically sterile French envy of the fact that (as they see it) the British have 'got the better of them'.
In reality, all that has happened is that the British Monarchical Power has had to assert its power and right to obtain restitution for the grotesque violations perpetrated by the American criminal financiers against the sovereign LOAN money - for which the former US Treasury Secretary, Henry M. Paulson, has been reported by us to have been physically removed to British jurisdiction in Bermuda, where he will face the consequences of his serially corrupt behaviour.
Following the arrests of the French bankers in Paris, we understand that Banque Paribas suddenly started to cooperate - the reasoning, presumably, of bank officers remaining in situ being that it would be rather stupid to repeat the mistake of their arrested colleagues. For this reason alone, we gathered after midnight UK time in the early morning of 5th January 2010 that payment may have proceeded to the United States, with a senior Trustee operating out of Dallas able to carry out his distribution responsibilities at last. [See later information].
* 4th January: At 21:37pm UK time we learned that the US news media had confirmed that the President had returned to Washington from his vacation and that he had at once summoned (the recalcitrant) Director of Central Intelligence, Mr Panetta to the Oval Office. With President Obama having returned to the White House from his fraught vacation in Hawaii, it was reported to us that the President was 'kicking butt' - an activity that he had no choice but to undertake, given that if he demurred, he would be considered a co-conspirator and would be arrested himself.
Specifically, we were advised on 'special' authority that Mr Obama was explicitly confronted and informed that if he was found to have been involved with the sabotage operations that continued up to Christmas and throughout the holiday period, he himself would be arrested like those for which Bench Warrants were issued on the same date [see above]. The President responded that he had had nothing to do with the delays that occurred over the holidays.
* 4th January: Whether that was true or not (and it 'needed' to be accurate because if it wasn't, Mr Barack Obama would cease to be President of the United States), we were informed on this date that Timothy Geithner - despite his previous arrest, the removal of his passport and his driving license and the monitor attached to him, and despite severe earlier humiliations [see below] - had remained right in the thick of sabotage operations during the holidays and afterwards.
The same reportedly applied to the Comptroller of the Currency, John C. Dugan. One informant suggested to us that Mr Geithner was 'sick in the head', but our hypothesis was that he is the subject of multiple blackmailing operations.
We were advised that Geithner had been re-arrested and that the Comptroller of the Currency, John C. Dugan, said also to have been involved in money sabotage, was also reported to us to have been arrested, although this had not been confirmed to us by late on 6th January UK time.
* 4th January: Some of those arrested on 4th January were reported to us to have been cuffed and shipped to Europe (as happened late in 2007), to face justice in appropriate jurisdictions or under the jurisdiction of the World Court.
* 5th January: It was pointed out to us that prominent Republicans have or had been standing in the way of the Settlements. We knew that this must have been the case because of the anti-Obama barrage orchestrated by parties connected with the GOP for the past 13 months, to the exclusion of all else. This has been a major ongoing agitprop operation - the underlying purpose being hidden from view. On the surface, the objective has been to paint Obama as a crypto-Communist with mafia associations and all sorts of other dark failings and skeletons in his cupboard - as though his mass-murderer Republican predecessor (who is reported by monitoring sources to have been reduced to walking his dog at Crawford, TX, with a pooper-scooper, his wife Laura now living apart from him and only appearing for public consumption when her presence is considered 'essential'), had no blemishes and skeletons at all. But in reality, the underlying purpose of this ongoing orchestrated anti-Obama offensive has been to try to wrench the CIA's destructive Fraudulent Finance paradigm from oblivion in general, and to rehabilitate OPERATION STILLPOINT in particular.
It is unclear what these Republicans, who haven't understood this crisis, think they are doing continuing with their antagonistic sabotage stance, given the advent of the NEW PARADIGM summarised above. Perhaps these corrupt operatives imagine that they really are above the law, and have - like Geithner up to 4th January - simply not woken up to the reality that the ground has shifted so violently under their feet that they are wandering in a wilderness without life support.
* 5th January: It was confirmed [and reconfirmed by several further sources] that the 'lead Trustee' in Paris was finally paid out at midnight Paris time 4th/5th January, as a consequence of which the 160 country payees were finally also paid out.
Given multiple high quality confirmations, this information is considered reliable. However these developments did not occur until others standing in the way had been arrested or 'taken out'.
* 6th January: 'Downstream' resistance persisted, at least during the morning in the United States. Those still attempting sabotage are either so compartmentalised and spaced out that they haven't grasped what has happened, or else they STILL thought that they could 'get away with it'. We were emphatically assured that 'THEY CAN NOT'.
We were also tipped off that the legal firm Troutman Sanders, which is or was required to make distributions, had been put on notice that if a single deviation from Pay Orders and instructions were to take place within their firm, THE ENTIRE FIRM WOULD BE TAKEN OVER BY INTERPOL, while agents within the structures failing to pay out payee funds lodged with the Federal Reserve Bank of Atlanta, in particular, would suffer the same fate without further warning.
'LONG AFTER THE HORSE HAS BOLTED' CORNER The following instances of reality catching up with people who should have known better, and officials 'coming late to the party', have been greeted with a mixture of astonishment, mirth and quiet cynicism in this office. Specifically:
1: FINRA HAS JUST STARTED LOOKING INTO CDOs: The Financial Industry Regulatory Authority (FINRA) was reported on 30th December by The Times, London, to have 'STARTED [sic] an investigation into synthetic Collateralised Debt Obligations [CDOs]' and has 'several investigations into so-called 'authentic CDOs' - begging the obvious question: so, there are unauthentic CDOs?
The report continued: 'The Securities and Exchange Commission' - the self-same regulator which is exposed above as having illegally traded PHANTOM SHARES on an illicit secret platform in the market, and is accordingly IN NO POSITION TO DO ANY REGULATING UNTIL IT HAS REGULATED ITSELF, at the very least - 'is also thought to be looking into the complex instruments created by the banks and sold to investors, such as pension funds'.
Our first predictable comment is: on what planet have these officials been vegetating for the past decade and more? Our second predictable observation is this: OF COURSE! Given the double-mindedness norm underlying all this wall-to-wall duplicity, it was NO PROBLEM for the S.E.C. to be 'regulating' with its left hand (or going through the motions of doing so) while illegally trading the phantom stock and scamming the market with its right hand!
[This brings to mind the old adage: 'Here is my right hand to begin with, and here is my left hand opposite. If I lose my right hand, my left hand is right, because the only hand left is my right'].
THEREFORE, neither is it a problem here for FINRA and the Securities and Exchange Commission suddenly to embark upon 'investigations' into the Fraudulent Finance gimmicks developed by the criminal financial enterprises they were quote 'regulating' unquote. Why not? When everyone is double-minded, what's the problem?
* FINRA, the Financial Industry Regulatory AUTHORITY, is a menace and should be disbanded.
An 'Authority' IS NOT AN ENFORCEMENT AGENCY: it is just a toothless 'watchdog' which does little watching. It was deliberately established as a toothless entity relating to the state of affairs in the United Kingdom, where the marketing of securities is NOT PROPERLY REGULATED, as is supposed to be the case in the United States under the 1933 and 1934 Securities Acts. It 'replaced' NASD Inc. (the National Association of Securities Dealers, Inc.) which wielded drastic enforcement powers under the Malone Act [see the Legal Notes, below]. When 'NASD became FINRA', so that discipline was deliberately relaxed, FINRA became its own trading platform, furthering the hidden destructive intent underlying OPERATION STILLPOINT.
The SUDDEN initiation of an investigation into synthetic Collateralised Debt Obligations (CDOs) at this late stage has everything to do with a belated attempt by FINRA officials to protect themselves from the axes falling out of the sky given the CHANGE OF POLICY at the US Department of Justice, rather than with an intention to do its job properly. In any case, we have long since exposed these fraudulent transactions: all FINRA needs to do is to READ WHAT WE HAVE PUBLISHED.
Christine Selb, writing for The Times from New York, elaborated:
'To create a synthetic CDO, banks acted as the buyers of the underlying CDSs (Credit Default Swaps). This meant that the banks were betting that insured debts would default and the CDSs would pay out, while their clients, confident at the time in the exponential rise of the housing market, were betting that they would not have to pay out'.
'The banks have argued that taking the short side of the deal was a legitimate way of hedging against other exposure they had in the housing market'.
'However, an article in The New York Times last week intimated that Goldman Sachs had stuffed synthetic CDOs with toxic CDSs and sold the instruments to unwitting institutional investors, while knowing that their short bets would swiftly pay out'.
'The paper said that some synthetic CDOs created by Goldman Sachs went bad within five months of being created by the institution. On its website, Goldman Sachs published a lengthy rebuttal to the allegations published in the New York Times'.
'The bank said that it had lost $1.7 billion on residential mortgages in 2008 and asserted that it had created the synthetic CDOs to meet demand from clients, who were told that Goldman Sachs would take a short position against them'.
'"The buyers of synthetic mortgage CDOs were large, sophisticated investors", the bank said. "They did not rely on the issuing banks in making their investment decisions"'.
* In other words, they believed that the name Goldman Sachs stands for integrity and probity (having of course failed to pay attention and to read on this website all about the serial criminal finance activities, thefts and diversions perpetrated by that arch-crook, Henry M. Paulson, Goldman Sachs' former CEO); so if they boobed, that was their problem, not Goldman's.
* We now reveal that it was a Goldman Sachs compliance officer who told the Editor that the price of a synthetic 'structured product' is 'what somebody is prepared to pay for it'.
2: THE GOLDMAN SACHS 'CONTROVERSY': In The New York Times' article, former Goldman employees and debt experts claimed that the bank knew that the CDOs it was designing and selling were highly risky. The Daily Telegraph [dated 30th December 2009] was more specific:
'The sources claimed that rather than warning clients of the dangers, Goldman spent millions of dollars "short-selling" the instruments, reaping vast rewards when they imploded'.
'Sylvain Raynes, an expert in structured finance at R & R Consulting, told The New York Times: "The simultaneous selling of securities to customers and shorting them is the most cynical use of credit information that I have ever seen"'.
'When you buy protection against an event that you have a hand in causing, you are buying fire insurance on someone else's house, and then committing arson"'.
* FACT: In other words, it is being stated here that the securities in question were marketed with criminal intent. Given the CHANGE OF POLICY at the US Department of Justice, it should follow that certain Goldman Sachs executives (and at other institutions involved in this obviously nefarious scamming activity) may be having sleepless nights: except that these people are so arrogant that they NEVER imagine that they can be caught out.
* This may no longer be a reliable assumption on their part.
* FACT: We exposed the corruption and fraud embedded in 'structured finance' back in 2008, both on this website and in International Currency Review <http://www.worldreports.org/worldreports/international_currency_review>  - subscribers to which journal include large multinational financial institutions all over the world. Yet only now - long after a thousand horses have bolted out of the stable - has this started, belatedly, to become an issue.
* Maybe these people are suffering pain at last.
This state of affairs conforms to another Story's Law: 'Investigative journalists are hated when they investigate but are proved right years later when the timely nature and fact of their investigations, ignored at the time, has been forgotten'.
3: SHENZHEN NANSHAN POWER VS. GOLDMAN SACHS: A state-owned Chinese thermal power generator is refusing to pay $80 million lost on two hedging contracts in a long-running dispute with Goldman Sachs, claiming that Western investment banks developed 'extremely complicated' derivative 'products' that were manifestly quote 'impossible to understand' unquote (on purpose of course).
On New year's Day, the Chinese entity revealed that J. Aron and Company, the commodities arm of Goldman Sachs, had threatened to sue it for more than $80 million compensation for termination of the contracts in October 2008 - shortly after the financial sector imploded due to the 'lockdown' of the $14.0+ sovereign 'real' money on 10th-12th September 2008. The Chinese thermal generating firm said, in a statement to its local stock exchange: 'We will not accept the demand by J. Aron for all the losses and related interests'.
In the face of the prospect of very large losses in October 2008, the Chinese securities regulator ordered the state-owned Shenzhen to cancel its agreement with J. Aron, which the regulator said that the thermal power firm had not been authorised to enter into. The regulator, China's Assets Supervision and Administration Commission (SASAC), is supporting Shenzhen in this dispute.
Specifically, Le Wei, SASAC's Vice-Chairman, said that foreign investment banks had 'maliciously' sold derivatives contracts that were 'intentionally complex and highly leveraged' to Chinese state-owned corporations. The banks had 'fraudulently peddled' the contracts with 'evil intentions'.
Accurate. See OPERATION STILLPOINT below, and our prior exposures of the Fraudulent Finance offensive. Interestingly, no foreign bank has yet dared to bring a legal action to pursue payments due under such Fraudulent Finance contracts. They can't - unless they are anxious to face public humiliation and terminal reputational damage. Which means that the criminal financial enterprises know perfectly well that they have been engaged in Fraudulent Finance.
4: MORGAN STANLEY SUED OVER A CDO: On Christmas Eve, Morgan Stanley was at the receiving end of a lawsuit filed by a Virgin Islands-based pension fund over a $1.2 billion 'authentic CDO' (a package of debts, such as mortgages, sorted into tranches of varying levels of risk and sold to investors seeking the income stream from the debt repayments, according to the misleading prospectus).
The pension fund, which filed its suit in Federal Court, has accused the bank of stuffing the CDO with low-quality 'assets' which Morgan Stanley (like Goldman Sachs: see above) was simultaneously shorting. It is quite difficult to imagine anything more duplicitous than this formula.
5: FALCONE IN LEGAL CONTROVERSY Philip Falcone, mentioned in an earlier report in this series, who made vast sums shorting sub-prime mortgages as head of Harbinger Capital, was ordered by a Delaware Judge at the end of last year to answer accusations of fraud and civil conspiracy. The allegations relate to a takeover battle dating back to 2006. Falcone al