“The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.” – Lord Acton
It reads right out of a fictional spy novel and is quite interesting considering the scale of the potential money laundering fraud – $15 TRILLION! The plot involves the US government lying about hundreds of thousands of tons of imaginary gold, illegal wire transfers and loans or counterfeiting totalling $15 trillion used to prop up the U.S. dollar as bond buyers have disappeared.
This staggering amount of $15 Trillion matches the total amount of the U.S. ‘official’ debt. It would be easy to dismiss this story on the surface as fake, but the funds were apparently cleared and accepted by senior executives at both HSBC and the Royal Bank of Scotland.
Lord James of Blackheath, a member of the UK House of Lords, has done his research and claims that the $15 trillion is the property of what some people have called “the richest man in the world”, Yohannes Riyadi. My Riyadi is supposedly descendent of the emperors of the Indo-China dynasty. At farfetched as it sounds, Lord James of Blackheath claims to have seen some of his accounts, showing that he owns upwards of $36 trillion. Others point to the fact that the name Yohannes Riyadi is listed on the NY FED website in connection with other bonds scams. However, an original copy of the document has been unveiled with the signature of Ben Bernanke.
An alternative explanation involves the Bush family and monies earned through years of currency trading aimed at collapsing the Soviet Union.
It is alleged that the money has been taken from Riyadi, with his consent, by the American Treasury over the years for the “specific purpose of helping to support the dollar“.
The money to pay back Riyadi had apparently started at the Federal Reserve Bank of New York, was passed to JPMorgan and was finally received by senior executives as HSBC and the Royal Bank of Scotland. The talk from Lord James of Blackheath goes onto explain that he received a document from Mr Riyadi himself, dated in February of 2006, where he says the American Government called him to a meeting with the Federal Reserve Bank of New York. Lord James specifically explains that the Federal Reserve, is neither a Federal Reserve nor a bank. He’s right – the Federal Reserve is a privately-owned corporation that usurped the power to print money from the U.S. Treasury.
The document from Riyadi points to a meeting attended by then Chairman of the Federal Reserve Alan Greenspan and Timothy Geithner (who was the President of the Federal Reserve Bank of New York and is the current United States Secretary of Treasury). The IMF also reportedly sent two witnesses to this meeting and Lord James does not simply have a photocopy of the document, he has an original version of the contract, which has now been posted online for all to see.
Some have theorized that the U.S. government itself is behind the money laundering, in a desperate attempt to keep the U.S. treasuries market and dollar afloat. Buyers of U.S. bonds have all but vanished and for the entire economic and monetary system to remain intact, the illusion of a liquid market for U.S. bonds must persist. In essence, the only way in which the Treasuries market could be propped up in this illegal manner was by counterfeiting the banker-paper used to buy those bonds.
If this theory is true, it might help to explain the fanatical desperation which the Federal Reserve has shown in fighting even the tiniest request for disclosure about its “lending operations.” When you’re secretly counterfeiting trillions of dollars every year, the last thing you want to hear is anything that even faintly resembles an “audit.”
I have no idea the truth behind this $15 trillion scandal, but it will be interesting to follow where it goes. Even if the portion about Mr. Riyadi is untrue, that still does not explain where such a large sum of money came from or why senior executives at two different banks accepted the money. Something seems fishy here, although hopefully we will learn more in the coming days.
This potential fraud highlights the vast amounts of paper fiat that can be printed out of thin air and that are floating around the financial system. This story comes just days after Italian authorities found $6 Trillion worth of fake U.S. bonds. It is not clear if these two stories are somehow related, but the timing is certainly peculiar.
No matter the truth regarding these TRILLIONS in US Treasury bonds, stories like this only serve to reinforce my view that only gold and silver, which cannot be printed out of thin air and carry zero risk of default, should be used as money or trusted to hold their value. This story should also give pause to anyone with the bulk of their wealth tied up in fiat dollars, U.S. bonds or anywhere else within the toxic banking system.