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$134Billion Suitcase Bomb
E.P. HeidnerJune 22, 2009For two decades, U.S. security forces worried endlessly about the surfacing of theinfamous ‘suitcase nuclear weapons’ built by the Soviet Union. In June 2009, a suitcasecarrying a weapon of mass destruction - $134 billion of bearer bonds – was confiscatedas it was being smuggled into Switzerland. Without any additional reported facts –which seems to be where this story will end-up - the source and destination of the $134billion in bearer bonds will probably remain a mystery. There are however, adequateclues in the initial reports to provide insight for speculation:1.
 
An extremely powerful organization is making a major commitment to a financialstrategy with global implications. Given the value of the bonds in question, thisstrategy is certainly being backed with a nod and wink by a central bank ortreasury somewhere. The bonds are designated as intergovernmental, andsomewhere in the process, a U.S. central bank or Treasury official would havebeen required to support the scam, if it indeed it was a scam. Any one organizinga scam of this magnitude would have considered and planned for verification of the bonds – meaning someone in the U.S. Treasury is involved in this. Otherwise,one has to question why anyone would create such perfect and expensiveforgeries with such a fatal flaw in execution of the plan.2.
 
The Italian police were “trailing” the holders of the bonds, suggesting a long terminvestigation was behind the arrests. Discovering these bonds was not anaccident, and there is a lot more information to be had but is not being released.3.
 
The Italian police or press referenced a ‘bond scam’ being run by the ‘Mafia’ withthe Venezuelan Central bank, accusations for which the bank has denied anyinvolvement. The Venezuelan Central bank would not be the bank validating thelegitimacy of the bonds, but as explained below, would be the initial target.4.
 
The two carriers with Japanese passports displayed the behavior of typical lowlevel, dispensable resources who were allowed to be released from incarceration,and subsequently disappeared. (Odd, since a $134 billion of bonds illegallydeployed can do more damage than a small nuclear weapon, and even a phonynuclear device will keep you in prison for a long time.) Whoever is behind thetrafficking has a lot of ‘influence’ with multiple government agencies5.
 
Significant press coverage has been totally stifled, considering the potential risk for global devastation this ‘suitcase bomb’ had. The five corporations that controlmost of the western media are all tightly linked in a network that supports U.S.covert operations.
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The Mafia does not have that level of influence. – the U.S.and Israeli governments do.
Can the bonds be real?
There is a lot of speculation on the internet that these bonds are not forgeries, given thatneither the Italians nor German officials thought they were forgeries, but there are thosenagging facts that say it is impossible for them to be real, unless they were issued
 
covertly. The U.S. Treasury has denied the bonds are real. There are a lot of bloggersthat want to discount the possibility that these bonds are real, simply on the basis of “there is no official record of these existing.” So what pieces of data do we have thatsuggest that the U.S. government has covertly issued bonds in that order of magnitude inthe past? At this point of course, it all depends on who you chose to believe, the officialsof the U.S. government, or independent historians and researchers.1.
 
Start with the impeccably documented research of Sterling and Peggy Seagrave,Gold Warriors, who have documented how the Imperial Treasury of Japan wasconfiscated by U.S. bankers and President Truman in the aftermath of World WarII, and subsequently the balance was taken from Ferdinand Marcos in 1985 byReagan, Bush and Kissinger. Estimates vary, but at one point, we have estimatesthat can put the value of that treasury easily over $200 billion. Under internationallaw, confiscation was illegal, so there are not a lot of U.S. officials stepping up toadmit this.
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 2.
 
Then move the story line to Mrs. V.K. Durham, wife of widely reported CIAcovert fund manager Russell Hermann, who claims in sworn testimony, andprovides actual documents of the transfers, that Greenspan and Bush with theassistance of Goldman Sachs, generated around $240 billion in covert bonds in1991. Documents show the bonds were sent to Israel, where they were convertedto yen and deutschemarks.
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 3.
 
Following on Mrs. Durham’s claims, the reader must research the status of thedeutschemark in 1991. From 1990 to 1991, the Bundesbank increased it’scurrency printing costs from DM190 million to DM331 million while increasingthe interest rates to reduce money supply, The German monetary policy failedinexplicably in this timeframe
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, unless one considers $120 billion indeutschemarks created covertly by Greenspan, Bush, Rubin and Friedman.3. Move the story line to Andrei Kozlov, First Deputy Head of Russia’s CentralBank, who was heading an investigation into the loss and reported the theft at 400billion rubles from the Central Bank in 1991. (Not to be confused with a similarscam run out of Chechnya in 1992 on a much smaller order of magnitude.) Theserubles were stolen by someone putting hard currency securities in remoteChechen banks as collateral for Russian loans and then making the collateralnotes disappear from the remote banks at the same time the funds were beingwithdrawn. At official exchange rates at the time, 400 billion rubles was about$240 billion.
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 4.
 
Turn then to the highly respected consultant to the CIA, Claire Sterling whounabashedly points out that the collapse of Russia in 1991 was directly managedby intelligence agencies.
“The fact that scarcely anyone outside Russia has heard of the Great Ruble Scam may beexplained partly by its seemingly unbelievable details, but partly, too, by Western reluctanceto touch exquisitely sensitive political nerves. Western governments rejoicing in the collapseof the evil empire wanted to assume, and to all appearances did assume, that all the evils in anemerging democracy emanated from politicians identified with the fallen communist state.Not one was prepared to acknowledge indelicate evidence to the contrary. The ability of threeor four characters to mount such a planet wide operation, their extraordinary impact on what
 
was still a world superpower, and their singular immunity from beginning to end suggest theguiding hand of not just one, but several intelligence agencies.”
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5.
 
Look at the widely unreported claims that in the 1990s, the US covertlyintroduced hundreds of tonnes of gold into the market on at least four occasions,representing somewhere between $120-140 billion in bonds.
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The two lawsuitsthat could have opened this story were shut down prematurely – the FBI recordsrelated to the Reginald Howe lawsuit were destroyed on 9/11, and a similar suitby Donald W. Doyle of Blanchard in which Barrick Gold was a primarydefendant was settled out-of-court in 2006 and sealed under agreement.6.
 
General Earl Cock’s ‘deathbed’ deposition in April 2000 describes Citibank’s andJohn Reed’s central involvement in Project Hammer in the last quarter of 1991 asbeing funded with $223 billion dollars, of mostly CIA moneys. Cocke alsoreferences the use of baby bonds to collaterize these funds, which are 10 yearbonds. Cocke describes the source of these funds as “accounts, participants orplayers” with the accounts converting to bank ownership upon the death of thecontrolling party, and then to the government. This matches exactly what Sterlingand Peggy Seagrave claim happens to the gold accountsopened by agents of the US.
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 These historical facts have been summarized here to illustrate that the U.S. Governmentdoes indeed have and move massive, massive amounts of currency around covertlybecause the objectives of these financial manipulations run counter to U.S. law, and theorigins of these funds are illegal. No nation will admit criminality until the statute of limitations runs out. The next question requiring an answer then is: Why would covertpro-U.S. forces be running these bonds? While the hypothesis of the bonds being used toclaim TARP funds is interesting, the strategy of substituting one form of worthless U.S.debt for another does not seem plausible. On the other hand, there is a rich history of that links the plot to Venezuela, as the original press reports did.
Bonds and Venezuelan Oil
The international movement of major blocks of capital has at least twice before beenassociated with the takeover of large oil interests. The great success of the 1991 covertbond issuance was the transfer of ownership of Russian oil and gas interests to westerninvestors cloaked behind holding companies and offshore banks.
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In 1998, the collapse of the Russian market (which drove the LTCM financial crisis) was again engineered in aneffort to force the Russians into a debt for equity swap for the Baltic Oil pipeline. The1998 gambit failed, and the Russians simply defaulted on their debt rather than turn overcontrol of the pipeline, and shortly thereafter, U.S.-Russian relations began an ongoingdeterioration. One can look at additional covert financial programs where governmentswere unhinged by engineered financial crises: Chile in the 1980s and Mexico in the1990s - where previously ‘nationalized companies’ were returned to private investors indebt for equity swaps.
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The beneficiaries of this were privileged western investors whotook over restructured operations that were rebuilt with taxpayer dollars from Russia,Chile and Mexico – and did so for pennies on the dollars. This history is relevant
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