This is one crazy ass story which is hard to
believe,and i wouldn't bother with it but it was
brought up in the british parliament.
Unofficial Transcript of the speech by Lord James of
Blackheath, in the Lords Chamber of the House of
Lords, London, on 16 February 2012
I’m going to start with my conclusions, but I’m not
going to sit down when I’ve made them. Because I’m
then going to give you the evidence to support them
and hopefully present to you the reasons why I want
support for an official inquiry into the mischief I want
to unfold to you this afternoon.
My lords, I have been engaged in pursuit of this issue
for nearly 2 years now, and I’m no further through to
getting to the truth.
I think there are three possible conclusions that may
come from it. I think there may have been a massive
piece of money laundering committed by a major
government which ought to know better and that it
has effectively undermined the integrity of the British
bank the Royal Bank of Scotland, in doing so. The
second alternative is that a major American
department has an agency that has gone rogue on it
because it has been wound up and has created a
structure out of which they are seeking to get at least
50 billion Euros as a payoff. And the third possibility
is that this is an extraordinarily elaborate fraud which
has not been carried out but which has been prepared
in order to provide a threat to one government or
more if they don’t pay them off. So there are three
possibilities and this all needs a very urgent review.
My Lords, it starts in April and May of 2009, with the
alleged transfer to the United Kingdom, to HSBC of a
sum of 50 trillion dollars and seven days later, in
comes another 50 trillion dollars to HSBC, and then 3
weeks later another 50 trillion. 5 trillion in each case.
Sorry. A total of 15 trillion dollars is alleged to have
been passed into the hands of HSBC for onward
transit to the Royal Bank of Scotland and we need to
look at where this came from and what the history of
this money is. And I have been trying to sort out the
sequence by which this money has been created and
from where it has come from for a long time.
It starts off apparently as the property of a man called
Yohannes Riyadi. Which has some claims to be the
richest man in the world. Well he would be if all the
money that was owed to him was paid, but I have
seen accounts of his showing he owns 36 trillion
dollars in a bank. And it is a ridiculous sum of money.
On the other hand the 36 trillion dollars would be
consistent with the dynasty from which he comes and
the fact that they had been effectively the emperors
of Indo-China in times gone by. But a lot of that
money has been taken away from him with his
consent by the American treasury over the years for
the specific purpose of helping to support the dollar.
He has sent to me a really quite remarkable document
which is dated in February 2006 in which the
American government, according to a meeting with
the Federal Reserve Bank of New York, which is
neither a Federal Reserve, nor a Bank. It’s a bit like
celebrity big brother. It’s got three names to describe
it and none of them are true. And this document,
which is quite astonishing, purports to have been a
meeting. It is witnessed by Mr. Alan Greenspan, who
signed for the Federal Reserve Bank of New York, of
which he was chairman, as well as the real Federal
Reserve Bank in Washington. And it is signed by Mr.
Timothy Geithner, as a witness on behalf of the
International Monetary Fund who sent two witnesses,
the other one being Mr. Yusuke Horiguchi and these
gentlemen have signed as witnesses to the effect that
this deal is a proper deal. There are a lot of other
signatures on here as well. This is not a photocopy.
This is an original version of the contract. Under
which the American treasury has apparently got the
Federal Reserve Bank of New York to offer to buy out
the bonds which have been issued to Mr. Riyadi to
replace the cash which has been taken from him over
the previous ten years and they’re giving him 500
million dollars, as a cash payment to buyout
worthless bonds.
Now this is all in the agreement and it’s very
remarkable. I would have thought that establishing
whether this is a correct piece of paper or not is just
2 phone calls away. One to Mr. Geithner and one to
Mr. Greenspan. Both of whom still prosper and live,
so they could easily confirm whether they signed this.
Mr. Riyadi has, by passing these bonds over, also put
at the disposal of the U.S. Treasury the entire asset
backing which he was alleged to have for the 15
trillion. I now have a letter here — from the Bank of
Indonesia, which says that the whole thing was a pack
of lies. That he did not have the 750,000 tonnes of
gold which was supposed to be backing it. He only
had 700 tonnes. And this is really a piece of complete
fabrication.
Finally, I have a letter here from Mr. Riyadi himself,
who tells me he was put up to do this and that none
of it was true and that he has been robbed of all his
money and I’m quite prepared to recognize that one
of the possibilities here is that Mr. Riyadi is himself
putting this together as a forgery in order to try and
win some recovery back.
But it gets more complicated than that. Because each
of the 5 trillion payments that came in has been
acknowledged and receipted by the executives at
HSBC and again receipted by the executives at the
Royal Bank of Scotland. And I have a set of the whole
of those receipts for all of this money. Why would any
bank want to sign 5 trillion dollars worth, 15 trillion
total, of receipts if the money didn’t exist.
The money was said to have come, first of all from
the Riyadi account, to the Federal Reserve Bank of
New York, and from the Federal Reserve Bank of New
York it was passed through JPMorgan Chase in New
York for onward transit to London. The means of
sending it was a SWIFT note, which ought to have
been registered with the Bank of England if it was
genuine. So when this happened and came about, I
first of all took it to my noble friend Lord Strathclyde
(sp?), and said, “what do we do with this”?
He said, give it to Lord Sassoon, he’s with treasury. So
we did and Lord Sassoon looked at it and said
immediately, “This is rubbish — it’s far too much
money, it would stick out like a sore thumb and you
can’t see it in the Royal Bank of Scotland accounts”.
Quite right. Secondly he said, “The gold backing is
ridiculous, there has only ever been 1,507 tonnes of
gold mined in the history of the world, so you can’t
have 750,000 tonnes” [Editors Note: The 1,507
tonnes is not correct, but the number is still FAR
smaller than the 750,000 tonnes -- somewhere
around 150,000 metric tonnes]. This is true and the
third thing he said obviously was, “it’s a scam”, and I
agree with him. It was a scam. The problem is we
stopped looking at that point. We should have asked,
what is the scam? Instead of, at that time, just
nodding it off. And we have never really resolved this,
because today, I have this piece of paper.
Which is my justification for bringing it into this
meeting today, which is available on the internet and
I’m astonished that it hasn’t already been unearthed
by the treasury and every alarm bell in the land
should be ringing if it has. Because this is the general
audit office of the Federal Reserve…the real Federal
Reserve in Washington. And its audit review in the
end of July of 2010 on the Federal Reserve Bank of
New York. It has on it, some 20 banks listed, to which
16.115 trillion dollars are outstanding in loans. My
Lords, that is the sore thumb that was being looked
for by Lord Sassoon.
But more particularly there are two other very
interesting things in this. The first is that Barclays
Bank got 868 billion in loans, the Royal Bank of
Scotland has got 541 billion, in which case, one has
to ask, is that they could have earned in three weeks,
enough to pay off their entire indebtedness to the
taxpayers of Britain, why they have not done so and
can we please ask them to put a check in the post for
the whole 46 billion.
And the third thing that is wrong with it is that every
bank on this list, without exception, is an MTN-
registered bank. Which means they are registered to
use the medium term notes to move funds between
themselves with an agreed profit share formula. In
which case these banks are investing this money and
most extraordinary, not a penny of interest does the
Federal Reserve Bank want paid on this vast amount
of 16 trillion.
Anyone amongst yourselves who knows what the IMF
rules for financials are will immediately smell a rat.
Because the IMF has very strict rules for validating
dodgy money. There are two ways of doing it. You
either pass it through a major central bank, like the
Bank of England, who have apparently refused to
touch this. Or alternatively, you put it through to a
bank which is an MTN trading bank. Which is then
able to use the funds on the overnight European MTN
trading market where they can earn between 1 and
2.5% profit per night. And the compound interest on
that is huge. So there is a vast profit being made with
this money somewhere if it is in fact genuine.
So my Lords, I believe that this is such an important
issue now that I’ve put everything I’ve got on this
subject into a 104 megabyte memory thumb. And I
want the government to put this to some suitable
investigative bureau and take everything I’ve got on
the subject and find out what the truth is about what
is going on here because there is something very
seriously wrong. Either we have a huge amount of tax
uncollected on profits made, or we’ve got a vast
amount of money festering away in the European
banking system which is not real money, in which
case we need to take it back. My Lords, I ask for an
investigation and please support my plea.
believe,and i wouldn't bother with it but it was
brought up in the british parliament.
Unofficial Transcript of the speech by Lord James of
Blackheath, in the Lords Chamber of the House of
Lords, London, on 16 February 2012
I’m going to start with my conclusions, but I’m not
going to sit down when I’ve made them. Because I’m
then going to give you the evidence to support them
and hopefully present to you the reasons why I want
support for an official inquiry into the mischief I want
to unfold to you this afternoon.
My lords, I have been engaged in pursuit of this issue
for nearly 2 years now, and I’m no further through to
getting to the truth.
I think there are three possible conclusions that may
come from it. I think there may have been a massive
piece of money laundering committed by a major
government which ought to know better and that it
has effectively undermined the integrity of the British
bank the Royal Bank of Scotland, in doing so. The
second alternative is that a major American
department has an agency that has gone rogue on it
because it has been wound up and has created a
structure out of which they are seeking to get at least
50 billion Euros as a payoff. And the third possibility
is that this is an extraordinarily elaborate fraud which
has not been carried out but which has been prepared
in order to provide a threat to one government or
more if they don’t pay them off. So there are three
possibilities and this all needs a very urgent review.
My Lords, it starts in April and May of 2009, with the
alleged transfer to the United Kingdom, to HSBC of a
sum of 50 trillion dollars and seven days later, in
comes another 50 trillion dollars to HSBC, and then 3
weeks later another 50 trillion. 5 trillion in each case.
Sorry. A total of 15 trillion dollars is alleged to have
been passed into the hands of HSBC for onward
transit to the Royal Bank of Scotland and we need to
look at where this came from and what the history of
this money is. And I have been trying to sort out the
sequence by which this money has been created and
from where it has come from for a long time.
It starts off apparently as the property of a man called
Yohannes Riyadi. Which has some claims to be the
richest man in the world. Well he would be if all the
money that was owed to him was paid, but I have
seen accounts of his showing he owns 36 trillion
dollars in a bank. And it is a ridiculous sum of money.
On the other hand the 36 trillion dollars would be
consistent with the dynasty from which he comes and
the fact that they had been effectively the emperors
of Indo-China in times gone by. But a lot of that
money has been taken away from him with his
consent by the American treasury over the years for
the specific purpose of helping to support the dollar.
He has sent to me a really quite remarkable document
which is dated in February 2006 in which the
American government, according to a meeting with
the Federal Reserve Bank of New York, which is
neither a Federal Reserve, nor a Bank. It’s a bit like
celebrity big brother. It’s got three names to describe
it and none of them are true. And this document,
which is quite astonishing, purports to have been a
meeting. It is witnessed by Mr. Alan Greenspan, who
signed for the Federal Reserve Bank of New York, of
which he was chairman, as well as the real Federal
Reserve Bank in Washington. And it is signed by Mr.
Timothy Geithner, as a witness on behalf of the
International Monetary Fund who sent two witnesses,
the other one being Mr. Yusuke Horiguchi and these
gentlemen have signed as witnesses to the effect that
this deal is a proper deal. There are a lot of other
signatures on here as well. This is not a photocopy.
This is an original version of the contract. Under
which the American treasury has apparently got the
Federal Reserve Bank of New York to offer to buy out
the bonds which have been issued to Mr. Riyadi to
replace the cash which has been taken from him over
the previous ten years and they’re giving him 500
million dollars, as a cash payment to buyout
worthless bonds.
Now this is all in the agreement and it’s very
remarkable. I would have thought that establishing
whether this is a correct piece of paper or not is just
2 phone calls away. One to Mr. Geithner and one to
Mr. Greenspan. Both of whom still prosper and live,
so they could easily confirm whether they signed this.
Mr. Riyadi has, by passing these bonds over, also put
at the disposal of the U.S. Treasury the entire asset
backing which he was alleged to have for the 15
trillion. I now have a letter here — from the Bank of
Indonesia, which says that the whole thing was a pack
of lies. That he did not have the 750,000 tonnes of
gold which was supposed to be backing it. He only
had 700 tonnes. And this is really a piece of complete
fabrication.
Finally, I have a letter here from Mr. Riyadi himself,
who tells me he was put up to do this and that none
of it was true and that he has been robbed of all his
money and I’m quite prepared to recognize that one
of the possibilities here is that Mr. Riyadi is himself
putting this together as a forgery in order to try and
win some recovery back.
But it gets more complicated than that. Because each
of the 5 trillion payments that came in has been
acknowledged and receipted by the executives at
HSBC and again receipted by the executives at the
Royal Bank of Scotland. And I have a set of the whole
of those receipts for all of this money. Why would any
bank want to sign 5 trillion dollars worth, 15 trillion
total, of receipts if the money didn’t exist.
The money was said to have come, first of all from
the Riyadi account, to the Federal Reserve Bank of
New York, and from the Federal Reserve Bank of New
York it was passed through JPMorgan Chase in New
York for onward transit to London. The means of
sending it was a SWIFT note, which ought to have
been registered with the Bank of England if it was
genuine. So when this happened and came about, I
first of all took it to my noble friend Lord Strathclyde
(sp?), and said, “what do we do with this”?
He said, give it to Lord Sassoon, he’s with treasury. So
we did and Lord Sassoon looked at it and said
immediately, “This is rubbish — it’s far too much
money, it would stick out like a sore thumb and you
can’t see it in the Royal Bank of Scotland accounts”.
Quite right. Secondly he said, “The gold backing is
ridiculous, there has only ever been 1,507 tonnes of
gold mined in the history of the world, so you can’t
have 750,000 tonnes” [Editors Note: The 1,507
tonnes is not correct, but the number is still FAR
smaller than the 750,000 tonnes -- somewhere
around 150,000 metric tonnes]. This is true and the
third thing he said obviously was, “it’s a scam”, and I
agree with him. It was a scam. The problem is we
stopped looking at that point. We should have asked,
what is the scam? Instead of, at that time, just
nodding it off. And we have never really resolved this,
because today, I have this piece of paper.
Which is my justification for bringing it into this
meeting today, which is available on the internet and
I’m astonished that it hasn’t already been unearthed
by the treasury and every alarm bell in the land
should be ringing if it has. Because this is the general
audit office of the Federal Reserve…the real Federal
Reserve in Washington. And its audit review in the
end of July of 2010 on the Federal Reserve Bank of
New York. It has on it, some 20 banks listed, to which
16.115 trillion dollars are outstanding in loans. My
Lords, that is the sore thumb that was being looked
for by Lord Sassoon.
But more particularly there are two other very
interesting things in this. The first is that Barclays
Bank got 868 billion in loans, the Royal Bank of
Scotland has got 541 billion, in which case, one has
to ask, is that they could have earned in three weeks,
enough to pay off their entire indebtedness to the
taxpayers of Britain, why they have not done so and
can we please ask them to put a check in the post for
the whole 46 billion.
And the third thing that is wrong with it is that every
bank on this list, without exception, is an MTN-
registered bank. Which means they are registered to
use the medium term notes to move funds between
themselves with an agreed profit share formula. In
which case these banks are investing this money and
most extraordinary, not a penny of interest does the
Federal Reserve Bank want paid on this vast amount
of 16 trillion.
Anyone amongst yourselves who knows what the IMF
rules for financials are will immediately smell a rat.
Because the IMF has very strict rules for validating
dodgy money. There are two ways of doing it. You
either pass it through a major central bank, like the
Bank of England, who have apparently refused to
touch this. Or alternatively, you put it through to a
bank which is an MTN trading bank. Which is then
able to use the funds on the overnight European MTN
trading market where they can earn between 1 and
2.5% profit per night. And the compound interest on
that is huge. So there is a vast profit being made with
this money somewhere if it is in fact genuine.
So my Lords, I believe that this is such an important
issue now that I’ve put everything I’ve got on this
subject into a 104 megabyte memory thumb. And I
want the government to put this to some suitable
investigative bureau and take everything I’ve got on
the subject and find out what the truth is about what
is going on here because there is something very
seriously wrong. Either we have a huge amount of tax
uncollected on profits made, or we’ve got a vast
amount of money festering away in the European
banking system which is not real money, in which
case we need to take it back. My Lords, I ask for an
investigation and please support my plea.
Comment