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Wantagate, Bush and banking corruption. trillions stolen

 
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Wantagate, Bush and banking corruption. trillions stolen
Forwarded Message Attachment--
To: odpositive@yahoogroups.com
From: netgain1@hotmail.com

Date: Sun, 10 Feb 2008 07:10:30 +0000

Subject: [odpositive] C Story Saturday Night 2/9/08

EXTREME CRISIS AS GROUP OF 9 DEMAND SETTLEMENT
TOKYO G-8/G-10 MEETING WILL IMPOSE SANCTIONS ON MONDAY
Sunday 10 February 2008 02:04
U.S. MILITARY AS WELL AS COMMERCIAL FLIGHTS WILL BE REFUSED LANDING
PERMISSION

THE OIL/ENERGY EMBARGO WILL BE APPLIED AGAINST AMERICA IMMEDIATELY

WIRE TRANSFERS TO AND FROM THE NINE COUNTRIES AND U.S. BANKS WILL BE
SHUT DOWN

ANNOUNCEMENT TO THE WORLD NEXT WEEK IF WHITE HOUSE BLOCKS SETTLEMENT
AGAIN

PRESIDENT BUSH TOLD THE MEETING TO `GET LOST', THE CABLES HAVE BEEN
CUT:
BUT HE WAS FORCED TO `BACK DOWN', ACCORDING TO INTELLIGENCE SOURCES

AS A LENINIST, WHEN BUSH BACKS DOWN, HE DOES SO WITH THE INTENTION OF
REVERSING HIMSELF AT THE FIRST AVAILABLE OPPORTUNITY: 'ONE STEP
FORWARD, TWO STEPS BACK'

BUSH BAGMAN'S HURRIED ARRIVAL AT PARIBAS CAUSED CONSTERNATION,
AS ALL PREVIOUS `CLOSURES' HAVE BEEN DECEPTIONS AND PLAY-ACTING

BANQUE PARIBAS HAD NEVER BEEN PRIMED TO SETTLE ANYTHING,
SO COULDN'T UNDERSTAND WHY THE SITUATION HAD `CHANGED'

DEMAND FOR PERFORMANCE FROM THE AGENT FOR THE CRIMINALS
SHOOK THE FRENCH BANK RIGID. IT HAD NEVER EXPECTED TO PERFORM.

EXTREME CRISIS AS GROUP OF 9 DEMAND SETTLEMENT
TOKYO G-8/G-10 MEETING WILL IMPOSE SANCTIONS ON MONDAY
Sunday 10 February 2008 02:04
U.S. MILITARY AS WELL AS COMMERCIAL FLIGHTS WILL BE REFUSED LANDING
PERMISSION

THE OIL/ENERGY EMBARGO WILL BE APPLIED AGAINST AMERICA IMMEDIATELY

WIRE TRANSFERS TO AND FROM THE NINE COUNTRIES AND U.S. BANKS WILL BE
SHUT DOWN

ANNOUNCEMENT TO THE WORLD NEXT WEEK IF WHITE HOUSE BLOCKS SETTLEMENT
AGAIN

PRESIDENT BUSH TOLD THE MEETING TO `GET LOST', THE CABLES HAVE BEEN
CUT:
BUT HE WAS FORCED TO `BACK DOWN', ACCORDING TO INTELLIGENCE SOURCES

AS A LENINIST, WHEN BUSH BACKS DOWN, HE DOES SO WITH THE INTENTION OF
REVERSING HIMSELF AT THE FIRST AVAILABLE OPPORTUNITY: 'ONE STEP
FORWARD, TWO STEPS BACK'

BUSH BAGMAN'S HURRIED ARRIVAL AT PARIBAS CAUSED CONSTERNATION,
AS ALL PREVIOUS `CLOSURES' HAVE BEEN DECEPTIONS AND PLAY-ACTING

BANQUE PARIBAS HAD NEVER BEEN PRIMED TO SETTLE ANYTHING,
SO COULDN'T UNDERSTAND WHY THE SITUATION HAD `CHANGED'

DEMAND FOR PERFORMANCE FROM THE AGENT FOR THE CRIMINALS
SHOOK THE FRENCH BANK RIGID. IT HAD NEVER EXPECTED TO PERFORM.

By Christopher Story FRSA, Editor and Publisher, International
Currency Review, World Reports Limited, London and New York York:
www.worldreports.org. Press NEWS and the


• Note: Do not shoot the messenger. BEAR IN MIND THAT THIS IS A VERY
RAPIDLY CHANGING AND DEVELOPING SITUATION. The following report is
based upon what we now know and have checked out as accurate, to our
best information and belief. But the situation is dangerously fluid.


• If matters turn out differently, or the timeframe changes, this
will reflect NEW developments AFTER collection of the intelligence
contained herein. This report UPDATES the report dated 9th February
2008, which should be read with it: see the ARCHIVE for immediate
access to that report.

SEQUEL TO OUR REPORT DATED 9TH FEBRUARY [SEE ARCHIVE]
This Update report should be read against the background of our
report dated 9th February, to which this summary relates and is
linked:

The latest intelligence that has leaked from Tokyo, Europe and the
United States via special sources is as follows:

SHOWDOWN AT THE TOKYO MEETING: SANCTIONS REINFORCED
The G-8(7)-G-10 powers meeting in Tokyo STRENGTHENED their embargo
and sanctions package against the United States, making it clear to
Bush II that in the event of any further resistance and blocking of
the settlements by him and his associates:

• Not only will US commercial flights be refused landing permission
in the nine countries (G-10 minus the United States), but this will
immediately apply to US military flights, as well.

• The blockage of oil/fuel deliveries will be rigorously enforced
with immediate effect. This suggests to the Editor that the country
component of the OPEC cartel (which is of course a corporate cartel,
but the countries can override the corporations) will collaborate as
a bloc.

• International banking operations applicable to US banks and to the
branches and subsidiaries of US banks in the nine G-10 countries will
be impeded and closed down at once (that is, on Monday). Specifically
all wire transfer servicing of US payment and receipt transactions
will be blocked by the nine countries. This will mean that the United
States will be unable to transfer or receive funds to or from any of
the nine G-10 countries from Monday 11th February 2008.

• An announcement will be made from Tokyo by the G-9 countries,
presumably also on Monday, in which the facts of this crisis will be
spelled out for the whole world to understand, and in which the
rampant ongoing criminality of the Bush White House will be exposed.

Memorandum item: The Editor and others would argue that this should
happen anyway, rather than this Grandfather of all scandals be
brushed under the carpet against the background of the actual
releases of the unlawfully blocked funds.

DISPLAY OF ARROGANT DEFIANCE BY PRESIDENT BUSH
The strengthening of the G-8/G-10's stance followed what amounted to
a typical display of arrogant defiance by spoilt President George W.
Bush and his representatives at the Tokyo meeting, or as conveyed to
the Tokyo meeting. Specifically, Bush II basically told the meeting
to get lost, muttered something about being unable to comply because
of underwater cables having been cut (by the US Navy), and implied
that he would not pay any attention and would continue to block
settlement.

THE NINE POWERS: THIS WEEKEND IS `THE END OF THE ROAD'
In response to this defiance, however it was packaged, the G-8/G-10
meeting conveyed the above message in even more emphatic terms than
previously and made it crystal clear that this weekend is the `end of
the road'. So far as the Rest of the World is concerned, there will
be no more leeway following the conclusion of this G8/G-10 Meeting.
THEY HAD BETTER MEAN WHAT THEY SAY.

Implementation of the agreed-upon sanctions against the United States
will decimate the US economy within weeks, impoverish the American
people, trigger an inflationary slump, create massive domestic and
external tensions, and usher in a beggar-thy-neighbour round of
global trade and financial warfare with horrendous
ongoing `unexpected consequences'.

Furthermore, by obtusely refusing to do what it is his responsibility
and duty to do, G. W. Bush will again be committing gross treason
against the United States and the American people, and could
therefore be arrested on the spot, along with his handler and Vice
President, Mr Cheney.

To place this matter in the relevant historical perspective, this
Meeting should be seen as a sequel to the G-8 Meeting at
Heiligendamm, near Rostock in northern Germany, held in June 2007
[see our report dated 2nd June 2007, et seq.], which Bush bamboozled,
as we predicted he would, by falsely representing that Ambassador
Wanta's stolen $4.5 trillion had been paid over to him, which was (a)
not the case, and (b) not intended to be the case.

With eight further months of double-cross, lying, unlawful financial
chicanery and other financial abominations having since elapsed, the
firm decision was taken some time ago that this G-8/G-10 Meeting
would be `the end of the road' for these madmen. And so, on the face
of it, it has proved.

TOKYO EVENTS COINCIDE WITH WORLD COURT MEASURES
The events in Tokyo coincide with the World Court's new measures
against the US Supreme Court, which, with its Justices and Assistant
Justices, has been in contempt since last Thursday, thereby providing
relevant law enforcement (Interpol, MI6 and possibly other parties)
with the international community's authorisation for the arrest of
President George W. Bush and Vice President Richard B Cheney, as
alluded to in the preceding report [9th February 2008].

Both men have repeatedly committed treason against the United States;
and resistance to the settlements at this stage that triggers the
consequences outlined above and in the preceding report, would
represent further acts of treason, since by such recalcitrant
behaviour Bush and Cheney will have jeopardised the livelihoods and
welfare of nearly 300 million Americans, let alone plunging the whole
world into a downward spiral of hellish financial and economic
proportions.

One can judge just how extreme the situation is by this very last
consideration. By imposing the draconian sanctions that WILL BE
IMPOSED failing settlement this weekend, the Rest of the World
(represented by the G-9 powers, consisting of the G-7 plus Russia and
China), will also inflict huge damage on their own economies. Bush
therefore thought he could call the G-9's bluff.

REST OF THE WORLD CALLS THE PRESIDENT'S BLUFF
Instead of which, we understand, the G-9 called the bluff of this
most devious and reprobate of US Presidents, and advised him that,
irrespective of any economic backlash, these decisions had been
taken, would be implemented, and were not negotiable.

Bush should therefore immediately sanction the releases, and should
ensure that no disruptions of the settlements take place, or the
distasteful consequences outlined above (and in the preceding report)
WILL BE IMPOSED WITH EFFECT FROM MONDAY 11TH FEBRUARY 2008, and there
would be nothing the White House or the United States could do about
it.

The United States faces the prospective enmity of Canada, Britain,
Russia, China, Germany (even), France (because Nicolas Sarkozy was
forced into a corner and had to choose between his corrupt
association with Bush, and his own survival), Netherlands, Italy and
Japan.

WHAT HAPPENED WHEN BUSH'S BAGMAN ARRIVED IN PARIS
As reported in the preceding posting (9th February 2008), an agent
Bagman for President Bush Jr., with the codename Joe Gross, (a.k.a.
Marvin Davis, a.k.a. Marvin Bush?) was suddenly despatched urgently,
in panic mode, to Paris on Friday 8th February, after it had finally
been borne in upon the obtuse White House occupant that the G-8/G-10
meant every word of what had been said and that there would be no
more leeway or wriggle room allowing for further deception.

Why, the international community has finally, AT LONG LAST,
understood that when these people obtain an extension, they
immediately exploit and leverage the situation to their advantage.

Bush Bagman Joe Gross-Marvin Davis-Bush therefore arrived at Paribas
in a hurry and without an appointment, with instructions to procure
the releases of funds immediately. Whereupon a most revealing state
of affairs unravelled.

The Bagman's urgent request was met with complete astonishment!

Why had he turned up? What on earth had changed? Was he sleepwalking?

By this we mean as follows, get this:

• All previous `settlement scenarios', WITHOUT EXCEPTION, had been
false, diversionary and nothing more than a repetitive, duplicitous
charade, to pull the wool over the eyes of payees.

• These despicable criminals had been SO CERTAIN THAT THEY WOULD
NEVER HAVE TO PAY OUT, protected by the `never-pay' model, that they
had ALWAYS moved the money so that it was NEVER where it should be
when a `settlement scenario' took place. It was never intended to be
where it was supposed to be, because all `settlement scenarios' had
been fake.

• In other words, THERE HAS NEVER BEEN ANY INTENTION OF MAKING
PAYMENT, exactly as we have pointed out. The money was for the
benefit of the criminals, exclusively, was being traded by them and
their associates continuously, and would never be handed over, as
George W. Bush himself reportedly bragged on Thursday. The 'never-
pay' model was impregnable.

• Therefore, by definition, NOTHING WAS EVER MEANT TO BE READY FOR
THE OVERDUE SETTLEMENTS. All that talk about paperwork, missing
signatures, bankers not turning up, signatories missing, etc, had ALL
ALONG BEEN AN ENDLESS, DELIBERATE, FARRAGO OF DECEPTION, LIES AND
ORCHESTRATED DOUBLE-DEALING.

• And all that business about Trustees being called upon to stand by,
to be ready to be called into a bank at a moment's notice, arriving
at the bank and hanging around for hours, and being told to go home
yet again with no coherent explanation, etc: all this had represented
a never-ending, cynical orchestrated, CONTRIVED, fog of manipulated,
diversionary deception.

• Because there had never, ever, been any intention to implement the
Lee Wanta and the tiered settlements. We repeat: there was, as
President Bush boasted as late as last Thursday, NEVER ANY INTENTION
THAT ANYONE SHOULD BE PAID AT ALL, EVER. George Bush was merely
confirming the reality of the situation. AND THERE MAY STILL BE NO
SUCH INTENTION.

• Yet now, all of a sudden, horror of horrors: here was this Bush
Bagman (in the Editor's opinion, the relative identified)
inconsistently insisting upon immediate releases of the settlement
funds.

• Excuse us? And of course he finds that PARIBAS IS NOT READY BECAUSE
IT HAS NEVER BEEN READY AND HAD NEVER BEEN REQUIRED TO BE IN A
POSITION TO FINALISE ANYTHING AT ALL. The bank, like all the other
banks in this corrupt ring of criminal enterprises, had simply gone
through the motions of settlement when called upon to do so – with
bribes being handed out whenever difficulties arose, to ensure the
continued impregnable integrity of the `never-pay' model and
financing carousel, designed by the crook Dr Alan Greenspan for
George Bush Sr.

• Imagine, therefore, the degree of consternation expressed at this
corrupt Paris institution when the representative of the son of the
arch-perpetrator – who had made it quite clear all along, like his
father, that the `never-pay' charades were to continue ad infinitum,
as they had been doing for 20 years and more – suddenly appears at
the Paris bank with instructions that diverged 1,000% from all
previous (false) instructions.

• All of a sudden, having always engaged in false settlement
routines, this Bush Bagman was actually DEMANDING IMMEDIATE
PERFORMANCE. This was unheard-of.

`Pardonnez-moi? Qu'est-ce-que vous dites'? The Bagman had a difficult
time indeed, we imagine, explaining to the bank's General Management
that, no, this wasn't `corrupt business as usual': on the contrary,
the payouts must be implemented IMMEDIATELY.

`Pardon? Vous avez bien mal a la tete, quoi?'

The bank personnel didn't believe him, we understand, at first, and
took some persuading. Le weekend was coming up. Couldn't this wait
until next week?

• SO THEN, the familiar alibi was trotted out: `We need more time:
we're not ready to do this'.

It's easy to imagine the subsequent verbal exchanges:

`There isn't more time. It has to be done this weekend'.

`We need more time. We can't comply'.

`You have to'.

`Why?'

`The Group of Nine insist upon settlement this weekend. There are to
be no further extensions. With effect from Monday, US commercial and
military aircaft will be refused permission to land in nine key
countries, including even France itself. On Monday, Saudi and OPEC
oil supplies to the United States will be embargoed. And on Monday,
payments and receipts of funds involving the United States, its
banks, branches and subsidiaries, will be blocked, with the wire
transfer services refusing such transactions. Furthermore, the G-9
nations will issue an announcement to the world explaining the
situation, and we will all be rounded up'.

`AND IF YOU DELAY COMPLETION NOW, THE SAME THING WILL HAPPEN TO
FRANCE'.

NO ACTUAL CONFIRMATION THAT RELEASES HAVE STARTED
Now at 7.00pm UK time on Saturday, the Editor heard that the releases
had started about two hours earlier. However in the first draft of
this Update, he had inserted a statement to the effect that this
could not be confirmed. It still cannot be confirmed, and the main
reason being given, at time of reporting, is explained above.

In summary, Banque Paribas HAS TO EFFECT ITS COMPONENTS OF THE
RELEASES WITH NO DELAY, SO THAT THE CASCADE OF TIERED RELEASES, AND
THE WANTA SETTLEMENT, CAN ALSO TAKE PLACE WITHIN THIS TIMEFRAME. Are
the Group of Nine now going to be content with the process simply
STARTING from Paris during their timeframe, and continuing into next
week? If so, that would be foolish, because under the `never-pay'
model, these criminals can pull the plug at any stage, WHICH IS WHAT
THEY WILL TRY TO DO, IF THEY ARE GIVEN A CHANCE.

It is now past midnight and we are already into Sunday. Today is the
day when the international community's patience is finally exhausted.
If the Group of Nine are so reckless as to make ANY concessions, in
terms of time or accepting excuses for non-performance, they will be
left with no choice but to implement their sanctions and blockade
starting on Monday.

OR LOSE ALL CREDIBILITY, THEREBY SIGNALLING TO THE CROOKS THAT THEY
CAN STILL CONTINUE TO GET AWAY WITH ANYTHING, AS IN THE PAST. THAT
WOULD BE A DISASTER.

• FACT: With effect from around last week, all the `Black holes' that
the US financial criminals have exploited, have been closed off –
including the Central Bank of Iraq, which was severely gutted by fire
recently, as we reported. The fire followed our exposure of the
Central Bank in Baghdad as the White House's PRIMARY `Black hole' for
unlawful, off-balance sheet fiat money transactions.

• The response to that exposure was to set fire to the premises,
probably after the secret banking documents and contracts had been
shifted to Switzerland.

This means that the financial criminals HAVE NO SUBSTANTIAL
COUNTERPARTIES TO TRADE WITH, AND NOWHERE TO HIDE THEIR ILLICIT FUNDS
ANY MORE.

The cutting of cables, in which we understand (from military sources)
the US Navy has been involved, has ironically exacerbated the
criminals' problems, because the combination of this apparently
related US sabotage with what is coming down on Monday failing any
settlement, may have closed off most or all remaining options for the
financial criminal operatives.

For this reason, as well, settlement is the only option. And we are
advised that it is CERTAIN that if the settlement is aborted, the
prospects for the criminal perpetrators (without going into further
detail) are as Black as their own endless Black Operations.

EXPOSURE OF THE CRIMINAL OFFICIALS SHOULD GO AHEAD ANYWAY
We permit ourselves one final reflection at this stage. The impulse
to bury bad news and to hide from the general public the unlawful and
reprobate actions of holders of high office, is itself an
abomination. What is needed is a thorough cleansing of the filthy
stables, and public exposure.

In this connection, it needs to be stressed that the ONLY reason
matters have reached this level of extreme tension and prospective
resolution is that the orchestrated, officially sponsored ongoing
financial corruption has been exposed.

• Without exposure, no progress would have been made (and we leave
the `mainstream media out of the equation because it has done nothing
to expose the corruption, which is a disgrace).

Brushing the corruption, its sponsors and its filthy history under
the carpet at this late stage, on the pretext that the settlements
will have at last been released, would ITSELF be an outrage. The
world is entitled to know that the so-called leader of the Western
world is a crook and a traitor of the most grievous proportions, and
the world is entitled to know who his accomplices have been, both in
the United States and abroad. NONE OF THIS CAN BE AIRBRUSHED OUT OF
THE RECORD.

THE AMERICAN PEOPLE AND THE WORLD REMAND A RECKONING
Furthermore, by allowing their criminal instincts free rein and
because of their extreme obstinacy, arrogance and endless stupidity,
the criminal cadres have more or less closed the prison gates on
themselves. If they are let off the hook after being forced to
settle, this will be an outrage almost worse than the nexus of
outrages already described: and no doubt we will not be the only
parties demanding that these criminals, who have enriched themselves
at the expense of hundreds of thousands and have made the lives of
the victims a living hell, are finally brought to justice.

Not corrupt American justice, but REAL JUSTICE. And there can be
little doubt that, when properly informed, the abused American people
would demand nothing less.

WANTAGATE FILE DATA, INCLUDING STATUTES AND S.E.C. RULES FLOUTED BY
THE CROOKS:

CITIBANK MUST PAY $350 BILLION+ INTEREST UNDER U.C.C. REGULATIONS
Uniform Commercial Code: Article 4A – Funds Transfer: Section 4A-305:
LIABILITY FOR LATE OR IMPROPER EXECUTION OR FAILURE TO EXECUTE
PAYMENT ORDER:

(a) If a funds transfer is completed but execution of a payment order
by the receiving bank… results in delay in payment to the
beneficiary, the bank is obliged to pay interest… to the beneficiary
of the funds transfer for the period of delay caused by the improper
execution.

As stated in our report dated 4th October, we then calculated that
the amount of interest payable to the beneficiary by Citibank, given
its delay in paying out the diverted funds since June 2006, was
around $350 billion. This amount is rising BY THE DAY, and is now
approaching $400 billion.

• [As we revealed at the time] Citibank `agreed' to pay $352 billion
by way of interest, following our publication of the above
statements. However, the Editor, not being a banker, merely made a
rough guestimate at the amount of interest payable by Citibank,
consequent upon its criminal frustration and diversion of the
Settlement funds since June 2006.

• The actual amount of interest payable by Citibank as an interest
penalty, if calculated on the basis of overnight rates, might
approximate well over $1.0 trillion. So the institution, having been
made aware of our posting dated 1st November, grabbed the Editor's
rough estimate of $350 billion, and added a couple of billion on to
make the figure look different. ENDS.

YOU CAN ORDER WANTAGATE ISSUES OF OUR FINANCIAL JOURNAL AS A PACKAGE
We sell, as a special package, the relevant recent back issues of
International Currency Review, containing a massive amount of
information and back-up documentation, for a flat fee of $750.00,
payable in advance. Please use the CONTACT US facility to place your
order and send check to the London office: World Reports Limited, 108
Horseferry Road, Westminster, London SW1P 2EF, United Kingdom. Orders
may also be emailed direct to the Editor at: cstory@worldreports.org.

• Another way of ordering this package is to (a) forward us a CONTACT
US email requesting the package, and then (b) to order International
Currency Review via the ultra-safe ordering facility at the World
Reports Limited section of this website.

• Please state in the CONTACT US facility that you have ordered
International Currency Review but that you specifically want to
receive the Wantagate package only.

• Editor's Note: We are still, from time to time, receiving emails
from frustrated people seeking documentation to 'back up' what we
publish in these reports. Such correspondents choose to overlook the
well-known fact that we have published several huge issues of
International Currency Review [SEE ABOVE] which contain hundreds of
pages of facsimiles of relevant documents. Since we are a commercial
operation, we cannot make these volumes available free of charge.

• However copies are available in many university and other libraries
around the world, and of course they can be ordered via this website
at any time. But the main point here is that complaints along these
lines reveal lack of knowledge of the background, which is that an
immense volume of relevant documents has been published in our
printed intelligence services.

LEGAL SECTION:
PLEASE READ THIS INFORMATION, AS IT INDICATES THE DEPTH OF THE
DEPRAVITY THAT WANTAGATE HAS EXPOSED. REPETITION OF THIS BASIC DATA
IS STILL NECESSARY...

• We now repeat, yet again, our familiar summary of the Statutes,
securities regulations and fraud information that we have appended to
these reports for many months. The reason we append this information
is to remind everyone of their clear responsibilities under the US
Misprision of Felony legislation, and of course to provide a legal
basis for these reports.

LEGAL RECAPITULATION FROM REPORT DATED 30TH AUGUST 2007:
Reiteration of the fraudulent transactions involving Bank of New York
Mellon – a bank so arrogant and conspicuously indifferent both to its
tarnished reputation and to its grotesque breaches of US law and of
N.A.S.D./S.E.C. Regulations, that it now takes first prize in the
crowded competition for the title of `Most arrogant and corrupt
financial institution in America'. At least, this was the case until
the perpetration of the 'Saturday scam' described above and on 13th
November:

Step 1: Fraud in the Inducement: "… is intended to and which does
cause one to execute an instrument, or make an agreement… The
misrepresentation involved does not mislead one as the paper he signs
but rather misleads as to the true facts of a situation, and the
false impression it causes is a basis of a decision to sign or render
a judgment" Source: Steven H. Gifis, `Law Dictionary', 5th Edition,
Happauge: Barron's Educational Series, Inc., 2003, s.v.: `Fraud'.

Step 2: Fraud in Fact by Deceit (Obfuscation and Denial) and Theft:

• "ACTUAL FRAUD. Deceit. Concealing something or making a false
representation with an evil intent [scanter] when it causes injury to
another…". Source: Steven H. Gifis, `Law Dictionary', 5th Edition,
Happauge: Barron's Educational Series, Inc., 2003, s.v.: `Fraud'.

• "THE TORT OF FRAUDULENT DECEIT… The elements of actionable deceit
are: A false representation of a material fact made with knowledge of
its falsity, or recklessly, or without reasonable grounds for
believing its truth, and with intent to induce reliance thereon, on
which plaintiff justifiably relies on his injury…". Source: Steven H.
Gifis, `Law Dictionary', 5th Edition, Happauge: Barron's Educational
Series, Inc., 2003, s.v.: `Deceit'.

Step 3: Theft by Deception and Fraudulent Conveyance:

THEFT BY DECEPTION:

• "FRAUDULENT CONCEALMENT… The hiding or suppression of a material
fact or circumstance which the party is legally or morally bound to
disclose…".

• "The test of whether failure to disclose material facts constitutes
fraud is the existence of a duty, legal or equitable, arising from
the relation of the parties: failure to disclose a material fact with
intent to mislead or defraud under such circumstances being
equivalent to an actual `fraudulent concealment'…".

• To suspend running of limitations, it means the employment of
artifice, planned to prevent inquiry or escape investigation and
mislead or hinder acquirement of information disclosing a right of
action, and acts relied on must be of an affirmative character and
fraudulent…".

Source: Black, Henry Campbell, M.A., Black's Law Dictionary', Revised
4th Edition, St Paul: West Publishing Company, 1968, s.v. `Fraudulent
Concealment'.

FRAUDULENT CONVEYANCE:

• `FRAUDULENT CONVEYANCE… A conveyance or transfer of property, the
object of which is to defraud a creditor, or hinder or delay him, or
to put such property beyond his reach…".

• "Conveyance made with intent to avoid some duty or debt due by or
incumbent on person (entity) making transfer…".

Source: Black, Henry Campbell, M.A., `Black's Law Dictionary, Revised
4th Edition, St Paul: West Publishing Company, 1968, s.v. `Fraudulent
Conveyance'.

SECURITIES REGULATIONS OF WHICH BANK OF NEW YORK MELLON IS IN BREACH
AND OF WHICH THE SIX `LEVY BANKS' MAY LIKEWISE BE VARIOUSLY IN BREACH
[CREDIT SUISSE, UBS, DEUTSCHE BANK, BANK OF AMERICA, CITIBANK, THE
BANK OF ENGLAND]:

• NASD Rule 3120, et al.
• NASD Rule 2330, et al
• NASD Conduct Rules 2110 and 3040
• NASD Conduct Rules 2110 and IM-2110-1
• NASD Conduct Rules 2110 and SEC Rule 15c3-1
• NASD Conduct Rules 2110 and 3110
• SEC Rules 17a-3 and 17a-4
• NASD Conduct Rules 2110 and Procedural Rule 8210
• NASD Conduct Rules 2110 and 2330 and IM-2330
• NASD Conduct Rules 2110 and IM-2110-5
• NASD Systems and Programme Rules 6950 through 6957

In addition to which Bank of New York Mellon is in violation of:
• 97-13 Bank Secrecy Act, Recordkeeping Rule for funds transfers and
transmittals of funds, et al.

LAWS BREACHED BY CRIMINAL OPERATIVES WHO HAVE HIJACKED AMBASSADOR SIR
LEO WANTA'S $4.5 TRILLION SETTLEMENT AGREED AT THE HIGHEST U.S.
LEVELS IN BAD FAITH IN MAY 2006, AND HAVE CONTINUED THEIR SERIAL
CRIMES EVER SINCE:

• Annunzio-Wylie Anti-Money Laundering Act
• Anti-Drug Abuse Act
• Applicable international money laundering restrictions
• Bank Secrecy Act
• Conspiracy to commit and cover up murder.
• Crimes, General Provisions, Accessory After the Fact [Title 18, USC]
• Currency and Foreign Transactions Reporting Act
• Economic Espionage Act
• Hobbs Act
• Imparting or Conveying False Information [Title 18, USC]
• Maloney Act
• Misprision of Felony [Title 18, USC] (1)
• Money-Laundering Control Act
• Money-Laundering Suppression Act
• Organized Crime Control Act of 1970
• Perpetration of repeated egregious felonies by State and Federal
public employees and their Departments and agencies, which are co-
responsible with the said employees for ONGOING illegal and criminal
actions, to sustain fraudulent operations and crimes in order to
cover up criminal activities and High Crimes and Misdemeanours by
present and former holders of high office under the United States
• Provisions pertaining to private business transactions being
protected under both private and criminal penalties [H.R. 3723]
• Provisions prohibiting the bribing of foreign officials [F.I.S.A.]
• Racketeer Influenced and Corrupt Organizations Act [R.I.C.O.]
• Securities Act 1933
• Securities Act 1934
• Terrorism Prevention Act
• Treason legislation, especially in time of war

This list shows to what extent the Bush II Administration condones
one Rule of Law for the Rest of Us, and absolute contempt for
domestic and international law for the officials and bankers who are
illegally diverting and exploiting Wanta's funds.

The Directors and others listed in Part 1 of the Wantagate Listing of
Institution Directors and others posted on 11th June may likewise be
Accessories to the Fact of, and/or co-conspirators in, wittingly or
unwittingly, the egregious violation of the laws itemised above. This
list is reproduced in International Currency Review, Volume 33, #s 1
& 2, September 2007, on pages 163-168.

U.S. CODE, TITLE 18, PART 1, CHAPTER 1, SECTION 4: MISPRISION OF
FELONY:

`Whoever, having knowledge of the actual commission of a felony
cognizable by a court of the United States, conceals and does not as
soon as possible make known the same to some Judge or other person in
civil or military authority under the United States, shall be fined
under this title or imprisoned not more than three years, or both'.

Wicked Pedia Update dated 2nd December 2007:

WIKIPEDIA IS PART OF AN NSA DISCREDITING OPERATION
As previously reported, the Editor's attention was drawn, in the
second half of November 2007, to a pack of old lies, diversionary
claptrap and disinformation posted on Wikipedia under `Leo Wanta'.

Although this posting appeared FOR THE FIRST TIME on 12th November
2007, it consisted almost entirely of ancient lies, including
disinformation dredged out of `Thieves' World', a hatchet job
published in 1994 by Simon and Schuster by the late Claire Sterling,
a CIA operative.

Mrs Sterling died suddenly after being summoned for her second
meeting with the Federal Bureau of Investigation, under Clinton.

ANCIENT DISCREDITED LIES POSTED IN NOVEMBER 2007
The fact that the OLD Wikipedia lies appeared for the first time as
late as 12th November 2007, and consisted almost totally of old,
discredited lies, omitting the Master Lie that the CIA retailed after
the Ambassador had been taken down, namely that he was DEAD,
indicated quite clearly to the Editor and his advisers that this
latest evil display of regurgitated disinformation represented a
deliberate operation by the US intelligence community's
disinformation and lie machine, to begin, all over again, the process
of discrediting Ambassador Leo Wanta – so that they can relieve him
of his funds by some false pretext or other after a `gag order' has
been signed.

The definitive up-to-date information on the Ambassador's affairs has
been published on this website, and in several issues of
International Currency Review, Economic Intelligence Review, Soviet
Analyst and Arab-Asian Affairs, all published by World Reports
Limited, for several years. Copies of these publications are in
official, institutional and library hands all over the world.
Therefore, any posting about Ambassador Wanta that relies upon
ancient lies and fails to take account of the accurate information
that we have published, can easily be demonstrated to represent yet
another US intelligence community and NSA discrediting operation.

PRELUDE TO `SETTING UP' WANTA ALL OVER AGAIN
We now understand that the Principals have been advised (for the past
several weeks) that they will not be allowed to reveal that they have
been paid. This loony state of affairs is designed to `set them up'
for a future discrediting operation whereby false witness will be
deployed against them to the effect that they have stolen the money,
or some such pack of lies, which they will be unable to refute
because they will be bound by the `prerequisite' gag order that is
intended. Its purpose, of course, is to `legitimise' the old and new
lies that the US disinformation apparat will be preparing for future
use. The likelihood is that the new discrediting operation will be
extended to Michael C. Cottrell, M.S., as well. We are prepared for
this intended onslaught.

EDITOR'S TRUE REPORT REPEATEDLY REPLACED BY OLD LIES
On 19th November, the Editor posted on Wikipedia the accurate text
about Leo Wanta that is now reproduced below. The Editor's accurate
text was then removed by Wikipedia, leaving the `old lies' that had
existed previously. When the Editor became aware of this, he reposted
the accurate text below, and, given that his own copy had been
deleted, he then deleted the pack of lies, leaving his own accurate
text up on the Wikipedia site instead, without the lies.

On 2nd December, the Editor was advised by a monitor that the
Editor's accurate text had been removed and that the old discrediting
lies had been reposted on the page by Wikipedia. When the Editor
checked, he found that the page could no longer be edited because of
what the site managers described as `vandalism'.

IT'S `VANDALISM' TO POST THE TRUTH, NOT `VANDALISM' TO POST LIES
It was not `vandalism' to delete the truth and to replace the truth
by old lies, but it was `vandalism' to delete `old lies' and replace
them by the truth.

We are therefore able to conclude from this Wicked Pedia outrage, as
follows:

1. Wikipedia, which purports to `change the world', prefers lies to
the truth.

2. Wikipedia is therefore, by definition, a source of disinformation
and lies, and cannot be trusted as a source of reliable information
in any context.

3. The only category of sick society that would have any interest in
disseminating lies about Ambassador Wanta, the United States'
greatest living patriot, rather than the truth, is the mentally
disturbed US counterintelligence disinformation apparat (a.k.a. the
US STUPIDITY COMMUNITY) which, by its actions in deleting the
Editor's ACCURATE information and replacing it with old lies, and by
its illegal behaviour in `snipping' our website texts as stated
above, thereby reveals the desperation of its concerns, which all
have to do with covering up official criminality.

4. It is now far too late for the US stupidity community to repair
the damage that it has done since June 2006, when the Ambassador's
funds were first hijacked by the criminal financial operative Henry
M. Paulson, US Treasury Secretary. So it is laying the groundwork for
a renewed discrediting operation against Ambassador Wanta and his
colleagues.

• We and others will see to it that this intention is defeated, and
that such nefarious scheming is exposed for the amoral and disgusting
Luciferian behaviour that it represents.

The ACCURATE text that the Editor posted on the Wikipedia site,
follows. (The Editor, after all, PAID FOR AMBASSADOR WANTA'S EXIT
FROM PROBATION, FOR GOODNESS SAKE, SO HE CAN HARDLY BE A SOURCE OF
DISINFORMATION, CAN HE?). This information will be very widely
distributed by other means, in order to provide all concerned with
the necessary `heads-up' as to what these US Dark Forces have in
mind. They are out of their minds and in Satan's mind:

The disinformation about Leo Wanta (Lee Wanta) below was first posted
on 12th November 2007. It contains ancient CIA disinformation and
long since exposed lies going back to the early 1990s, and obfuscates
the truth. The report appended immediately below was added on 19th
November 2007, to correct the disinformation contained in the
original stub.

It was subsequently removed and is hereby replaced. This sequence of
events, which suggests that egregious lies are preferred to the
truth, has been recorded on www.worldreports.org, which contains all
the updated and breaking Wanta material, that was ignored and
traduced in the stub at the foot of this report.

THE ACCURATE TEXT THAT WIKIPEDIA REPEATEDLY DELETED
This is the correct information that we posted on 19th November 2007:

The 'information' posted below represents a deliberately malevolent,
false disinformation picture which has no bearing on reality. It is a
travesty of the truth of the matter and cites Christopher Story as
the author of some of the disinformation, which is libellous and
implies that Story, the veteran
Editor of International Currency Review of nearly 40 years' standing,
is engaged in the egregious dissemination of lies, which is not the
case.

This is such an egregiously malevolent stub of disinformation that
readers should prudently dismiss it altogether; they should start
afresh by accessing Christopher Story's website, which is:
www.worldreports.org., reading from the Archive.

www.worldreports.org is the authoritative source for all updated
information on Ambassador Lee Emil Wanta. The source 'Thieves' World'
was a CIA disinformation work prepared by the late CIA disinformation
operative Claire Sterling, published in 1994.

This stub regurgitates ancient lies perpetrated by the CIA, which
lied for many years that Lee (Leo being his intelligence community
name) Wanta was dead. The CIA proclaimed that he was dead so that
corrupt cadres could ransack his funds (see below).

He 'ceased to be dead' with effect from 21st July 2005 after
Christopher Story, a British private citizen, had paid $35,000 from
his scarce private funds pro bono publico by way of 'restitution' to
an American lawyer for onward payment to the Wisconsin State
Department of Corrections, to procure Mr Wanta's release from his
illegal probation.

Despite his Ambassadorial status, Wanta had been illegally 'taken
down' in Switzerland on 7th July 1993 without a warrant on a trumped-
up Wisconsin State charge of having failed to pay $14,129 in falsely
assessed Wisconsin State fabricated tax that he never owed because he
had been resident in Vienna on US Presidential intelligence work
since June 1988.

This data is all in the public domain, has been published for several
years in International Currency Review, the Journal of the World
Financial Community, and can be read on Mr Story's website.

International Currency Review is a banking and financial journal with
a worldwide circulation: ISSN 0020-6490. It is published by World
Reports Limited, London.

Notwithstanding that this fabricated tax demand (orchestrated by US
criminal intelligence) had been paid twice under protest by Lee Emil
Wanta from abroad (in May and June 1992), the funds were improperly
allocated by the Wisconsin State Department of Revenue and were never
credited to the false account maintained by them for the Ambassador.
(Christopher Story holds documentary
proof of both payments). They were paid a third time by Christopher
Story in June 2005, which action duly procured Mr Wanta's release
from illegal probation effective 14th November 2005.

As a consequence of Wanta thus ceasing to be dead, the CIA's lie that
he was dead collapsed in chaos, and all the subsidiary old false
witness lies that the CIA had perpetrated, including those assembled
for disinformation purposes in the stub below (which, in line with
the standard false witness used throughout by detractors, attempts to
portray Christopher Story as a source of disinformation) were
discredited as well.

Why was Wanta taken down? So that the criminal intelligence cadres
running the US Government could ransack the $27.5 trillion of funds
assembled by Leo Wanta on President Reagan's orders, in the course of
his Financial Warfare operations against the USSR.

Under Reagan's Executive Order 12333 of 1981, US intelligence
officers were permitted to establish corporations which could
thereafter contract with the CIA/DIA/DEA/NSA et al for the purpose of
fulfilling allotted intelligence tasks allocated to them.

The financial proceeds of operations conducted by such corporations
were consequently the property of the corporations and thus of their
shareholders, a legal fact of life which has never been, and cannot
be, disputed. This was not a good idea because almost all US
intelligence
operatives are liars and do not function on the basis of the Rule of
Law at all, if they can help it.

Lee Wanta is the well-known patriotic exception to this rule: he
operates solely in accordance with US law, in contrast to the
behaviour of other US operatives, which is why the kakocracy* needed
to remove him from the scene, as duly occurred July 1993.

Once Wanta had been illegally arrested (contrary to international
law, as a diplomat) and then thrown into a stinking Swiss jail on 7th
July 1993, the criminal cadres inside the US official structures
immediately ransacked Mr Wanta's bank accounts according to plan.

The history of this matter is, and has been, elaborated in great
depth on Christopher Story's website www.worldreports.org. and has
been extensively published, as mentioned, in International Currency
Review and other World Reports Limited intelligence publications.

Students are advised perhaps to begin with the 'Wisconsingate' report
dated 6th August 2007, which forensically dissects, with detailed
documentary back-up, the Wisconsin Department of Revenue's tax
fabrication operation against Wanta, stretching back for over 20
years, that has been exposed by Christopher Story in minute detail,
and which formed the fabricated basis for Wanta's illegal takedown in
1993, despite the fact that Wisconsin has no jurisdiction beyond its
borders.

The overall Wantagate crisis, which is the sole and continuing
underlying cause of the prevailing global financial and economic day
of reckoning that the world is now facing, has been triggered by the
fact that the George W. Bush Jr. White House, aided and abetted by
other senior office-holders, hijacked the compromise financial
settlement of $4.5 trillion that the White House itself agreed (in a
classified accord that was finalised in May 2006) should be paid over
to Ambassador Wanta, so that the stolen and diverted remaining $23
trillion of his funds (and the many hundreds of trillions of dollars
hypothecated upon them) could be released from a de facto lien
arising from the collapse of the CIA's lie that Wanta was dead.

For clearly, since he had ceased to be dead, 100% of these funds
(plus the hundreds of trillions of fiat `funny' money generated by
illegal leveraged operations from that base) belonged to Lee Wanta
and to no-one else: a situation that the banks 'could not handle'.

The entire narrative of what has become the worst financial
corruption crisis in world history (which this stub consisting of
disinformation attempts to obfuscate) is set out in great detail on
Christopher Story's website www.worldreports.org., to which all
readers are directed in order for the accurate state of affairs to be
understood. As indicated, this stub below is a travesty and a
disgrace, as it regurgitates long since discredited CIA lies,
presents a diversionary, distorted and misleading picture, and
because it malevolently incorporates Christopher Story as a source
for some of this disinformation.

It is a disgusting instance of ignorant and malevolent US
counterintelligence disinformation and deceit at its very worst.

All the statements in the above commentary may be verified by
reference to www.worldreports.org and International Currency Review.
Another publication covering this matter in detail is Economic
Intelligence Review, also published by World Reports Limited, London.
Wanta students should access the Archive on the www.worldreports.org
Home Page.

A book devoted to Ambassador Wanta and the Wantagate crisis is in
preparation

The Wanta disinformation referred to above has been deleted from this
page. ENDS.
Anonymous Coward
User ID: 1978
Canada
02/12/2008 06:31 PM
Report Abusive Post
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Re: Wantagate, Bush and banking corruption. trillions stolen
Has the Ring of Truth .

US MARKETS

If you're still wondering what the current credit-crunch catastrophe is all about, you need look no further than the offices occupied by credit managers and loan underwriters at banks and lending institutions around the world. Each time one of these poor, unfortunate souls picks up a loan file, bullets of sweat start to run down their foreheads as their minds are filled with ominous foreboding and their hearts are gripped by a deadly mixture of bone-chilling horror and stark, raving terror, wondering whether this particular loan will be the one that ends their wavering career and the very handsome salaries and bonuses that they have become accustomed to receiving over the past several years during which defaults have been virtually nonexistent. What are they afraid of?

According to a recent article by Jim Willie, there are a total of some 10.4 trillion dollars worth of dollar-denominated bonds of which at least 7 trillion dollars worth are prime AAA and of which about 1.4 trillion dollars worth are subprime BBB, with the remainder being Alt-A's which are somewhere in between. He further states that according to the various bond indices, the prime bonds have lost about 30% of their value, amounting to a loss of about 2.1 trillion dollars, which Wall Street refuses to even discuss, while the subprime bonds have lost about 80% of their value, amounting to a loss of about 1.1 trillion dollars. And let's not forget the ALT-A's which are kicking in another cool trillion in losses and which the pirates of Wall Street are still dancing around much the same way that a bandito's victim would do a Mexican hat dance around a sombrero while bullets whistle and ricochet around his wildly moving feet. FINANCIAL ARMAGEDDON, BATMAN, THAT'S A MIND-BLOWING 4.2 TRILLION DOLLARS OF LOSSES!!!

Yes, you read that correctly, that's trillion with a "T" and this combined total is close to one third of the entire US Gross Domestic Product, which has just been 'flushed' in a matter of months!

These jaw-dropping losses on AAA, ALT-A and BBB paper are greater by a factor of ten than the grossly understated loss figures that the three stooges of our financial system, meaning our corrupt government, Wall Street and corporate America, would have us believe!

This unbelievable total of 4.2 trillion dollars of losses is spread around the globe, and due to our opaque and completely unregulated system of banking and finance, for which we can thank our farcical, fraudulent, feckless Fed, no-one knows where the freak any of these losses are or who the walking-dead victims are! This is like a financial nightmare adaptation of George Romero's horror classics "Night of the Living Dead" and "Dawn of the Dead".

And this does not even take into account the multiplication of these losses due to leverage or the further downgrading of AAA paper due to the loss of AAA status by bond insurers which is the only thing that made many of these bonds AAA in the first place! If you were a credit manager or a loan underwriter, would you approve a multi-million or multi-billion dollar loan to anyone for any reason unless you were absolutely 100% sure you would get repaid on time?

Every time you pick up a file, it's like playing Russian roulette with your career for crying out loud! And you were wondering why we have a credit crunch? We wonder why any loans get approved AT ALL! In fact, we're starting to feel some of that bone-chilling horror ourselves as we try to wrap our minds around the immensity of these problems.

What have these madmen done to the world economy?! If you are a credit manager or a loan underwriter, you're not looking at a 70 or 80 percent recovery if one of these zombies is on your approval list. You're looking at a big goose egg, a big ZIPPO, and we don't mean the kind you use to light cigarettes! This is where a bevy of security guards show up in your office and ask you to empty out your desk after which they quietly escort you out the front door to your car and insist that you leave the premises immediately.

And Heaven forbid that anyone should so much as whisper anything about the potential losses from credit default swaps and interest rate swaps lest they die of a huge myocardial infarction from merely discussing such losses, much less trying to comprehend them, because the magnitude and consequences of such losses are completely unprecedented and beyond the ken of mortal men!

We are told that there are 450 trillion dollars of notional bond debt covered by interest rate swaps, which is about thirty times US GDP. This is sheer madness. We are told in "studies" that the losses
should be limited to about 6%, or "only" 27 trillion dollars [WHICH 'JUST HAPPENS' TO BE THE WANTA FIGURE: Editor]. That alone is enough to send chills up and down your spine while your single heart palpitates. But aren't these the same people that told us the real estate markets were experiencing a slight downturn and that it would be contained?

And didn't they say the same thing about the credit crunch? What if they're wrong again this time?! What if it's 7%. That's "only" another 4.5 trillion dollars of losses! That's more than all the prime, Alt-A and subprime bond losses put together (at least so far)! What if it's 20%? That would be a 90 trillion dollar loss! That's 6 times GDP for Pete's sake!

And what about all the lunatics who bought crazy credit default swaps without buying any of the underlying bond debt. Don't they know that in order to make a claim under a credit default swap you have to turn the security over to the insurer, or you're dead in the water? And what happens when the amount of the swaps exceeds the debt that is supposed to be covered. Is everyone supposed to play musical chairs to see who is left standing without holding a bond to redeem?

Has anyone involved had so much as a single thought going through their heads while all this was happening? This credit default swap situation alone is pure unadulterated lunacy, but we have not even mentioned the interest rate swaps yet. There's another 600 trillion of notional principal wrapped up in these weapons of mass financial destruction.

That's forty times GDP in notional principal. Who was asleep at the wheel while these puppies multiplied? For every trillion of notional principal, all those who are on the wrong end of these thermonuclear devices by only a 1% differential between fixed and variable rates get to eat 10 billion in losses. When we get double digit inflation due to rampaging risk reassessment from imploding bonds and credit default swaps while the Fed attempts in vain to raise rates [SEE PREVIOUS REPORT: Editor] to stop hyper-stagflation as it reaches full bloom in its reign of terror, what if the differential between fixed and variable returns for those on the wrong end of these reserve-vaporizers rockets to 10%.

That is 100 billion per trillion of notional principal. Whew, we sure hope the big banks who own most of these reserve-destroying financial meat grinders don't have lopsided trading positions between fixed and variable rate swaps, but given what we've seen so far, we hold out little hope for a good conclusion. [Editor: That’s because Mr Chapmen never read up about Wantagate and The Wanta Plan: just shows what thought ‘compartmentalisation’ does, doesn’t it?].

Bank reserves are being eaten alive by loan defaults and asset write-downs faster than the Fed can replace them. That is because the fractional reserve system Ponzi scheme is now working in reverse and unravelling big-time. The Federal Reserve and Wall Street made a big blunder and grossly underestimated the percentage of loan defaults from toxic waste and the impact that this would have in non-subprime sectors while they grossly overestimated the liquidity of this kind of maniac paper and falsely boosted its credit rating.

And remember, the Fed cannot control the creation of credit by non-bank institutions, which are also getting hammered. The banks that dabbled in toxic waste must either borrow reserves from the Federal Reserve, or call in a total of demand loans equal to 7 or 8 times the amount of reserves
that have been lost, or they will become insolvent and have to be liquidated by the FDIC which in the end won't even be able to pay losses at pennies on the dollar while the entire financial system comes tumbling down unceremoniously.

That is why the discount window is wide open. If banks are forced to call in loans, the party is over. The whole system will implode and deflate. The banks can't even roll over the paper they used to fund mortgage loans and the government has had to step in with the FHLB and Fannie and Freddie to replace the lost loan capital. The Federal Reserve is fighting so many battles on so many fronts that their heads must spinning like Linda Blair's character in "The Exorcist".

While all this is happening, the over six hundred billion in home equity loans that fuelled consumer spending last year have been completely cut off. Two trillion dollars' worth of home value has been lost on account of declining home values as the US real estate market explodes and goes down in flames, and who knows how much in stock losses has been suffered since the end of 2007?

Does anyone have any money or equity left, we wonder? What will fuel consumer spending and stop the economy from going into a deep recession [ANSWER: CONSEQUENECS OF THE WANTA PLAN AND THE SETTLEMENTS: Editor]. The ISM services sector reading has already completely
collapsed while consumer confidence reported for the RBC Cash Index has plummeted to the lowest levels since the index was created in 2002.

What hope does our economy have when the 150 billion stimulus package is only one quarter of the home equity injections that will be lost for 2008 that helped keep us moving in 2007? We sit here stunned and comatose as the circuits in our brains are fried by these financial lightning bolts [Editor: And because we haven’t taken Wantagate on board]. This whole situation is going to turn into a disaster of epic proportions from which we may not recover for many, many years, if ever.

News








We're dropping truth bombs like it's the end of days!