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Universal debt forgiveness and the imminent global debt jubilee

Universal debt forgiveness and the imminent global debt jubilee

http://alcuinbramerton.blogspot.com/2011/06/universal-debt-forgiveness-and-imminent.html
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Picture: Capitalism is over. Money is broken. Debt doesn't work.



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• When debt is fraudulent, debt forgiveness is the logical and only remedy.

• Debt or credit which cannot be paid back is never an asset; it is always a liability.

• All debt which charges a percentage originates in delusion. Debt grows exponentially indefinitely; income and other financial growth cannot do this.

• The total amount of money in circulation today in the West can only pay for a tiny fraction of the total private and public debt in the West. This fact is evidence of systemic fraud.

• Debt is manufactured through fraudulent means to reward a creative criminal élite.

• If the intention of a financial transaction tied to a loan, or tied to a financial inducement, is extortion; if it is, in effect, an élite bankster scheme to bamboozle the borrower with small print or to blind him with science, that loan or inducement, should be struck off the record immediately and completely. The debt was not incurred with the informed consent of the borrower. The debt did not benefit the borrower. And the élite lender was well aware of these facts when the loan papers were settled and signed.

• You cannot solve the debt problem by issuing more debt. You solve the debt problem by cancelling, completely, all national, corporate and personal debt. You do this simultaneously across the planet, and you do it permanently.
Picture: Without money we'd all be rich. The wealth of rainforest fruits.

Picture: Money is the mechanism which makes us poor. Empty vault. Bernanke.

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You don't need a slide rule, a set of log tables or a high frequency trading algorithm to see the light. Everyone on Main Street now knows that the Western banking cartel's fixation with debt colonisation is a busted flush. Debt does not work as the basis of a global financial system.

Behind the scenes, all the indications are that universal debt forgiveness is set to be announced. A global debt jubilee is waiting in the wings. The Doctrine of Odious Debts has been spectacularly revisited. The default position of the global financial system is to be permanently reset. The vaults are stocked. The precious metals are audited. The new gold-backed regional currencies are printed, minted and ready.

The most recent catalyst for change has been Iraq. Before the Western cabal's US-UK war of occupation and plunder began in Iraq in March 2003, Iraqi exiles expressed the hope that in a post-Saddam democratic Iraq, there would be a fair and equitable disposition of Saddam's debts.

These Iraqis wanted the future administration of Iraq and the international community to review the debts accumulated under Saddam's régime. Those loans which had been used for benign purposes should be restructured and paid back by Iraq over a prudent time period. Those loans which were used for objectionable purposes and which did nothing to enhance the well-being or prosperity of the Iraqi population at large, should be struck off the record immediately and completely.

This illustrates one of the core principles of debt forgiveness. Why should Iraqis be forced to repay the US, the British, the French, the Germans, the Russians, and all the others who had financially supported Saddam's oppression of them?

The Iraqi argument for debt forgiveness had a sound basis in law. It reflects the century-old legal principle of the Doctrine of Odious Debts.

The Doctrine of Odious Debts was created to further international finance by limiting the ability of governments to repudiate debts. Three conditions had to apply before a sovereign state could repudiate a debt:

(1) The debt must have been incurred without the informed consent of the citizenry of the state.

(2) The debt must not have benefitted the citizenry of the state.

(3) The lender must have been aware of conditions (1) and (2) at the time that the loan papers were signed.

The United States employed these principles after the Spanish-American War to repudiate the Cuban debts.

If a despotic power incurs a debt which is manifestly not for the needs of the State, or not in the plain interest of the State, but is a debt incurred solely to strengthen the position of the despotic cabal as a self-serving faction within that State, the debt is odious. The debt is not an obligation for the nation; it is a cabal debt, a personal debt of the cabal which incurred it. And the debt falls with the fall of the cabal.

The Doctrine of Odious Debts not only promotes accountability, it promotes democracy in the debtor state as, one by one, the nature of the inherited debts are articulated in a public legislature.

The Doctrine of Odious Debts also promotes democracy in creditor states. In Canada and most European nations, the lending of state enterprises is generally hidden from taxpayers. Canada's export credit agency, Export Development Canada, for example, is exempt from Canada's Access to Information law.

In the case of Iraq, state agencies from France, Germany and Russia may have made questionable loans. Under an odious debt process, they would need to establish that they acted with due diligence to be entitled to repayment. Knowing this, they would be less likely to make questionable loans in the future.

Debt forgiveness and the Doctrine of Odious Debts also applies to individuals. The same principles have legal traction on loans or structured financial inducements made by financial institutions such as banks, mortgage lenders, insurance companies, stock-trading entities, energy conglomerates and pharmaceutical firms.

If the intention of the financial transaction tied to the loan, or tied to the financial inducement, is extortion, if it is, in effect, an élite scheme to bamboozle the borrower with small print or to blind him with science, that loan or inducement, should be struck off the record immediately and completely. The debt was not incurred with the informed consent of the borrower. The debt did not benefit the borrower. And the lender was well aware of these facts when the loan papers were signed.

Universal debt forgiveness is on the way as an essential precursor to the planet's new gold-backed financial system. It has deep historical roots and powerful support in natural law. This imminent global debt jubilee is organically related to the disbursement of The World Global Settlement Funds, to the long-planned public NESARA announcements, and to the opening of Pandora's Suitcase.

More background about the concept of the Odious Debt can be found here (pdf - 11 pages - Jayachandran and Kremer) and, in the specific context of Greece in 2011, here. Murray Rothbard's original 2004 piece on Repudiating the US National Debt can be found here. And The Center for Global Development's 2010 review entitled: "Whatever Happened to the Jubilee? A 10th Anniversary Assessment of the Debt Relief Movement" is linked here.

But other economists have been vocal on the debt forgiveness issue as well. In particular, Zeus Yiamouyiannis (plus here, here and here), Steve Keen (plus here) and Michael Hudson (plus here).

Citing both Keen and Hudson, Yiamouyiannis is persuasive. When debt is fraudulent, debt forgiveness is both the logical and the only remedy for the situation. Whatever the name you give to the process - erasure, repudiation, abolishment, cancellation, jubilee - debt forgiveness will eventually have to emerge at the forefront of global efforts to solve the ongoing systemic financial crisis.

The only way to erase counterfeit money and counterfeit assets amounting to hundreds of trillions of dollars is to erase the debts associated with these fake assets. They are not toxic assets. They are fake assets.

Debt forgiveness accomplishes two important things. First, it eliminates the increasing and outsized portion of productive enterprise which is being employed to pay off unproductive obligations. Second, it clears the ground for new opportunities, new thinking, creative invention and positive entrepreneurialism.

Stentorian calls for austerity are nothing more than the delusional efforts of a fraudulent bankster status quo to avoid the consequences of its own error and fraud. The élite demands for austerity are a self-serving effort to kick the profit-can down the road in perpetuity. So bedazzled by the false wealth created by debt multiplication and its concomitant fantasy of ever-higher returns, the fraudulent bankster status quo continues to be stupidly amazed that ordinary people in the street are not spending money, and that the national economy is not picking up.

Productive human wealth has been trapped by establishment banksters in a web of parasitic theft, counterfeiting, liability evasion, non-regulation, and prosecutorial non-accountability. All the fundamental attributes of a functioning exchange economy have been warped to reward creative criminals.

Fabricated or parasitic so-called “wealth” destroys value by diluting the value of real productive wealth. Debt or credit which cannot be paid back is never an asset; it is always a liability. That some people in the market can be fooled into buying such liabilities and thus generate sale profits and transaction fees is risible.

The operating models upon which the modern debt nexus is historically based have no organic contact with reality. They assume unlimited growth and an unlimited ability to pay. When matched against the reality of real people paying ten times their salary for mortgages, which actually add more money owed to their principal (with negative amortization), require no money down, and set up balloon payments - large step-ups in payments after a few years - there is no possible way such people could not default within a predictable timespan.

Systemically, all debt which charges a percentage originates in delusion. Debt grows exponentially indefinitely; income and other growth cannot do this. This leads to a widening condition where the fruits of productive growth devoted to interest payments increase until those fruits are entirely consumed. Once this happens, stores of wealth (hard assets) begin to be cannibalised to make up the difference. You can see this now in Middle America where, absurdly, people are having to liquidate their retirement accounts to pay for their current cost of living.

The problem is compounded by a privately owned Federal Reserve syndicate which lends money into circulation at interest, and then allows the multiplication of this consumer debt-money liability through fractional reserve banking.

The total amount of money in circulation today can pay for only a tiny fraction of the total private and public debt. This fact alone is evidence of a kind of systemic fraud. This is why debt forgiveness makes not only moral, but also rational and mathematical sense. Finances require balancing to be coherent. There has to be some way to redress the systemic imbalance in Western macrofinance. There has to be some way to zero the scales in order to get an accurate weight of value, and to re-establish healthy value creation.

The problem with debt is that it creates scarcity. Scarcity stimulates fear. Fear drives manic competition. And manic competition favors opportunism, collusion, and concentrations of power. These élite concentrations of power translate into establishment abuse. The inevitable result is a visible collapse of legitimacy within the economic system. This is what is being seen now, all over the Western World, by Joe Public and his missus.

Debt forgiveness recognises the inherent, systemic, mathematical inability to make good on debts, and (or) the naked fact that the debt itself was manufactured through fraudulent means.

The foregoing twelve paragraphs précis some of the ideas which Zeus Yiamouyiannis has suggested in his writing on debt forgiveness. The best brief summary of his thoughts is probably here (01.09.11).

The situation is plain. You cannot solve the debt problem by issuing more debt. You solve the debt problem by cancelling, completely, all national, corporate and personal debt. You do this simultaneously across the planet, and you do it permanently. And then you recapitalise the whole bangshoot using an established resource base such as The World Global Settlement Funds and the associated US Dollar Refunding Project.

This next bit sounds exotic. But in future years it may well sound like a blinding glimpse of the obvious. You don't establish the value of something by sticking it in a market. You establish the value of something by giving it away free and seeing what social value accrues as that something is used locally to energise cooperative livelihoods and free barter.

Interestingly, the core idea of global debt forgiveness is not restricted to the benevolent ivory towers of economic utopians. It is beginning to be talked about, in public, by national parliamentarians.

At the end of August 2011, in Ireland, the Irish Finance Minister, Michael Noonan, had to respond to organised calls for debt forgiveness in connection with his EuroZone nation's struggling mortgage borrowers. The story was run prominently in the Business section of the Irish Times on Friday 2nd September 2011. Its headline was: "Minister rules out 'free-for-all' debt forgiveness. Noonan insists there is no magic bullet." The article, by Simon Carswell and Colm Keena, can be found here.
Picture: Zoe Konstantopoulou. May 2015. Athens. Greece. EU.


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In Greece, debt forgiveness appears to be further advanced than in Ireland. At the end of September 2011, an important legal precedent was established. In accordance with a district court order in Larissa, an unemployed Greek woman who owed a little over 26,000 Euros to two banks, Eurobank and National, received a full debt discharge on her outstanding loans. The woman had a perfect payment record for eighteen years, and only fell behind when she lost her job. It is thought that the decision will probably be adhered to in thousands of similar cases. More here (02.10.11). And some locally-sourced film commentary on repudiating the Greek national debt can be found here (20.06.11).
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#Picture: G5 Western banking cartel. Global Debt Forgiveness is inevitable.

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Each and every time a bank makes a loan (or purchases securities), new bank credit is created - new deposits - brand new money.
Graham F. Towers

The process by which banks create money is so simple the mind is repelled.
John Kenneth Galbraith

Permit me to issue and control the money of a nation, and I care not who makes its laws.
Mayer Amschel Rothschild

I am afraid that the ordinary citizen will not like to be told that banks can and do create money .... and they who control the credit of the nation direct the policy of Governments and hold in the hollow of their hands the destiny of the people.
Reginald McKenna

Our national circulating medium is now at the mercy of loan transactions of banks, which lend, not money, but promises to supply money they do not possess.
Irving Fisher

That is what our money system is. If there were no debts in our money system, there wouldn’t be any money.
Marriner S. Eccles

Everyone sub-consciously knows banks do not lend money. When you draw on your savings account, the bank doesn't tell you you can't do this because it has lent the money to somebody else.
Mark Mansfield

If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash, or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless situation is almost incredible, but there it is.
Robert Hemphill

One thing to realize about our fractional reserve banking system is that, like a child’s game of musical chairs, as long as the music is playing, there are no losers.
Andrew Gause

I have never yet had anyone who could, through the use of logic and reason, justify the Federal Government borrowing the use of its own money. I believe the time will come when people will demand that this be changed. I believe the time will come in this country when they will actually blame you and me and everyone else connected with the Congress for sitting idly by and permitting such an idiotic system to continue.
Wright Patman

Money is a new form of slavery, and distinguishable from the old simply by the fact that it is impersonal, that there is no human relation between master and slave.
Leo Tolstoy

The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in iniquity and born in sin. Bankers own the Earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough money to buy it back again. Take this great power away from them and all great fortunes like mine will disappear, and they ought to disappear, for then this would be a better and happier world to live in. But if you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit.
Josiah Stamp

Throughout the ages, the devices of cunning men have turned money to their nefarious purposes. Money, beginning with private enterprise as a means of escaping the limitation of barter, soon developed the cheat to exploit the honest trader who, in an effort to protect himself, turned to government for protection, only to find that now he had two thieves, the private money changer and the political plunderer working hand in glove against him. By this combination the money changer gained the prestige of political sanction through legislative license and the state secured a deceptive device for laying taxes upon the citizenry by means of the hidden tax called inflation. It was and remains a vicious alliance.
E.C.Reigel

All of the perplexities, confusion, and distress in America arises, not from the defects of the Constitution or Confederation, not from want of honor or virtue, so much as from downright ignorance of the nature of coin, credit, and circulation.
John Adams

Whoever controls the volume of money in our country is absolute master of all industry and commerce, and when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.
James A. Garfield

The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. The privilege of creating and issuing money is not only the supreme prerogative of government, but it is the government’s greatest creative opportunity.
Abraham Lincoln

Once a nation parts with the control of its currency and credit, it matters not who makes that nation's laws. Usury, once in control, will wreck any nation. Until the control of the issue of currency and credit is restored to government and recognised as its most sacred responsibility, all talk of the sovereignty of parliament and of democracy is idle and futile.
William Lyon Mackenzie King

For more than a century, ideological extremists at either end of the political spectrum have seized upon well-publicized incidents to attack the Rockefeller family for the inordinate influence they claim we wield over American political and economic institutions.
Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as "internationalists" and of conspiring with others around the world to build a more integrated global political and economic structure - one world, if you will. If that's the charge, I stand guilty, and I am proud of it.
David Rockefeller

Only the small secrets need to be protected. The big ones are kept secret by public incredulity.
Marshall McLuhan

The world is governed by very different personages from what is imagined by those who are not behind the scenes. The governments of the present day have to deal not merely with other governments, with emperors, kings and ministers, but also with the secret societies which have everywhere their unscrupulous agents, and can at the last moment upset all the governments plans.
Benjamin Disraeli

In March 1915, the J.P. Morgan interests, the steel, shipbuilding, and powder interest, and their subsidiary organizations, got together twelve men high up in the newspaper world and employed them to select the most influential newspapers in the United States and sufficient number of them to control generally the policy of the daily press. They found it was only necessary to purchase the control of twenty five of the greatest papers. An agreement was reached. The policy of the papers was bought, to be paid for by the month. An editor was furnished for each paper to properly supervise and edit information regarding the questions of preparedness, militarism, financial policies, and other things of national and international nature considered vital to the interests of the purchasers.
Oscar Callaway

The real menace of our republic is this invisible government which like a giant octopus sprawls its slimy length over city, state and nation. Like the octopus of real life, it operates under cover of a self created screen. At the head of this octopus are the Rockefeller Standard Oil interests and a small group of powerful banking houses generally referred to as international bankers. The little coterie of powerful international bankers virtually run the United States government for their own selfish purposes. They practically control both political parties.
John F. Hylan

From the days of Spartacus, Wieskhopf, Karl Marx, Trotsky, Rosa Luxemberg, and Emma Goldman, this world conspiracy has been steadily growing. This conspiracy played a definite recognizable role in the tragedy of the French revolution. It has been the mainspring of every subversive movement during the 19th century. And now at last this band of extraordinary personalities from the underworld of the great cities of Europe and America have gripped the Russian people by the hair of their head and have become the undisputed masters of that enormous empire.
Winston Churchill

The government of the Western nations, whether monarchical or republican, had passed into the invisible hands of a plutocracy, international in power and grasp. It was, I venture to suggest, this semi-occult power which pushed the mass of the American people into the cauldron of World War I.
J.F.C. Fuller

For a long time I felt that Franklin Delano Roosevelt had developed many thoughts and ideas that were his own to benefit this country, the United States. But he didn't. Most of his thoughts, his political ammunition, as it were, were carefully manufactured for him in advanced by the Council on Foreign Relations, the One World Money group. Brilliantly, with great gusto, like a fine piece of artillery, he exploded that prepared ammunition in the middle of an unsuspecting target, the American people, and thus paid off and returned his internationalist political support. The UN is but a long-range, international banking apparatus clearly set up for financial and economic profit by a small group of powerful One World revolutionaries, hungry for profit and power. The depression was the calculated shearing of the public by the World Money powers, triggered by the planned sudden shortage of supply of call money in the New York money market. The One World Government leaders and their ever close bankers have now acquired full control of the money and credit machinery of the US via the creation of the privately owned Federal Reserve Bank.
Curtis Dall

A definite factor in getting a lie believed is the size of the lie. The broad mass of the people, in the simplicity of their hearts, more easily fall victim to a big lie than to a small one.
Adolf Hitler

It seems to me perfectly in the cards that there will be within the next generation or so a pharmacological method of making people love their servitude, and producing a kind of painless concentration camp for entire societies, so that people will in fact have their liberties taken away from them but will rather enjoy it, because they will be distracted from any desire to rebel by propaganda, brainwashing, or brainwashing enhanced by pharmacological methods.
Aldous Huxley

I know the secret of making the average American believe anything I want him to. Just let me control television. You put something on the television and it becomes reality. If the world outside the TV set contradicts the images, people start trying to change the world to make it like the TV set images.
Hal Becker

Our job is to give people not what they want, but what we decide they ought to have.
Richard Salant

The powers of financial capitalism had another far reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements, arrived at in frequent private meetings and conferences. The apex of the system was the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the worlds' central banks which were themselves private corporations. The growth of financial capitalism made possible a centralization of world economic control and use of this power for the direct benefit of financiers and the indirect injury of all other economic groups.
Carroll Quigley

There is a small circle of men who control the world's finance. Each member, before initiation, knows its religion to be reward for friends and extermination of enemies. Once a man is within the magic circle, punishment for disloyalty is sure and terrible, and in no corner of the Earth can he escape it, nor can any power on Earth protect him from it.
Thomas Lawson

Those who manipulate this unseen mechanism of society constitute an invisible government which is the true ruling power of our country. Our minds are moulded, our tastes are formed, our ideas suggested, largely by men we have never heard of.
Walter Bernays

I think the subject which will be of most importance politically is mass psychology. Various results will soon be arrived at. The influence of home is obstructive. The science of psychology will be diligently studied, but it will be rigidly confined to the governing class. The populace will not be allowed to know how its convictions were generated. When the technique has been perfected, every government that has been in charge of education for a generation will be able to control its subjects securely without the need of armies or policemen. Educational propaganda, with government help, could achieve this result in a generation. There are, however, two powerful forces opposed to such a policy. One is religion, the other is nationalism. A scientific world society cannot be stable unless there is a world government.
Bertrand Russell

If two parties, instead of being a bank and an individual, were an individual and an individual, they could not inflate the circulating medium by a loan transaction, for the simple reason that the lender could not lend what he didn't have, as banks can do. Only commercial banks and trust companies can lend money that they manufacture by lending it.
Irving Fisher

The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it.
John Kenneth Galbraith

The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.
John Emerich Edward Acton

Commercial banks create chequebook money whenever they grant a loan, simply by adding new deposit dollars in accounts on their books in exchange for a borrower’s IOU. Banks lend by creating credit. They create the means of payment out of nothing.
Ralph M. Hawtrey

The decrease in purchasing power incurred by holders of money due to inflation imparts gains to the issuers of money.
St Louis Federal Reserve Bank

The entire world economy rests on the consumer. If he ever stops spending money he doesn't have on things he doesn't need, we're done for.
Bill Bonner

With the monetary system we have now, the careful saving of a lifetime can be wiped out in an eyeblink.
Larry Parks

When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes. Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.
Napoleon Bonaparte

I wouldn't go to war again as I have done to protect some lousy investment of the bankers. There are only two things we should fight for. One is the defense of our homes and the other is the Bill of Rights. War for any other reason is simply a racket.
Smedley Darlington Butler

There is nothing left now for us but to get ever deeper and deeper into debt to the banking system in order to provide the increasing amounts of money the nation requires for its expansion and growth. Our money system is nothing better than a confidence trick. The Money Power which has been able to overshadow ostensibly responsible government is not the power of the merely ultra-rich, but is nothing more or less than a new technique to destroy money by adding and withdrawing figures in bank ledgers, without the slightest concern for the interests of the community or the real role money ought to perform therein. To allow it to become a source of revenue to private issuer's is to create, first, a secret and illicit arm of government and, last, a rival power strong enough to ultimately overthrow all other forms of government. An honest money system is the only alternative.
Frederick Soddy

When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it.
Frederic Bastiat

The bank hath benefit of interest on all moneys which it creates out of nothing.
William Paterson

Banking doesn’t involve fraud, banking IS fraud.
Tim Madden

Money does not pay for anything, never has, never will. It is an economic axiom as old as the hills that goods and services can be paid for only with goods and services.
Albert Jay Nock

Only when the last tree has died and the last river has been poisoned and the last fish been caught will we realize we cannot eat money.
Cree Indian Proverb

When the people of the world have a common monetary language, completely freed from every government, it will so facilitate and stabilize exchange that peace and prosperity will ensue even without world government. A union of peoples rather than a union of political governments is what this world needs.
E.C.Reigel

Money is the measure by which goods are valued, the value by which goods are exchanged, and in which contracts are made payable. Every thing receives a value from its use, and the value is raised, according to its quality, quantity and demand. Money is not the value for which goods are exchanged, but the value by which they are exchanged.
John Law

As long as we cling to the superstition that we must look to government for money supply, instead of requiring it to look to us, just so long must we remain the subjects of government, and it is vain to follow this or that policy or party or ism in the hope of salvation. We can control government and our own destiny only through our money power and until we exert that power it is useless for us to debate the pros and cons of political programs. To trade goods and services is a natural right of all people. To issue the money necessary to make these exchanges is also the natural right of all people who are intelligent enough to do so. We need not beg for money. We do not need to be money slaves. We can be money masters.
E.C.Reigel

In nature's economy the currency is not money, it is life.
Vandana Shiva


Sources, further links and explication here.

Thanks to: http://alcuinbramerton.blogspot.com

http://www.oom2.com/t41596-universal-debt-forgiveness-and-the-imminent-global-debt-jubilee#93430

Greek White Spiritual Boy off-ledger $USD funds

Greek White Spiritual Boy off-ledger $USD funds

Does Greece have titles to a lot more ready money than it thinks?

http://alcuinbramerton.blogspot.com/2012/01/greek-white-spiritual-boy-off-ledger.html
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Picture: Has Greece got a lot more hidden money than it thinks?
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Until two or three years ago, the Committee of 300's shadow government banking nexus held a large covert document called The Black Book (aka Book of Codes). This book then found its way into benevolent hands in the form of Neil Keenan. He talks about it here (30.03.15).

The detailed content of The Black Book has not yet been disclosed, but it may confirm a story that has been circulating on the web via alternative news outlets for several years.

The story is this:

On Friday 25th January 2008, White Spiritual Boy funds in the following ten off-ledger black screen Greek bank accounts were recorded to have held, collectively, audited (but untaxed?) sums in excess of thousands of trillions of $USD:

667. ATEbank (Greece) Account no. 3597772412

668. Alpha Bank (Greece) Account no. 54477738142

669. Aspis Bank (Greece) Account no. 36777219821

670. Eurobank EFG (Greece) Account no. 364477712

671. Emporiki Bank (Greece) Account no. 28277754132

672. Geniki Bank (Greece) Account no. 864777212

673. National Bank of Greece (Greece) Account no. 97772541114

674. Piraeus Bank (Greece) Account no. 98877722335

675. Proton Bank (Greece) Account no. 864242777

676. Bank of Greece (Greece) Account no. 39937177812


Two questions beckon:
(1) Where is all that money now?
(2) Where are the Documents of Title to the precious metals in Asia (specifically, in the Philippines) which back that money?

The answer to both these questions must be known in Brussels, because it was the exploitation of that knowledge which enabled the establishment of the new fiat Euro currency in January 1999. UK insiders also knew, and that is why the UK was rather careful not to join the EuroZone.

The identity of White Spiritual Boy (the account holder and lead signatory of all accounts bearing that name) has been a matter of much discussion on the web. White Spiritual Boy, it appears, was King Anthony Santiago Martin. He died in 1985, four years before Ferdinand Marcos. There have been at least four other Anthony Santiago Martin sock puppets doing the rounds since then. Neil Keenan says that these are just agency fakes, trolling around trying to get at the precious metals. The gold still exists. It is held in the Asian-controlled Global Collateral Accounts.

A lot of Western-backed scamsters, counterfeiters and false personae have been involved nosing around the Asian gold depositories in recent years. Their aim has been to get a bank somewhere, or a credulous person with money, to believe that they hold the titles to the gold. These people have been active, in particular, in Indonesia, the Philippines, Thailand and South Korea. One tactic is to use the White Spiritual Boy account data as evidence of their executive bona fides.

On the 8th July 2015, Neil Keenan's team (Group K) mentioned several names of exposed operatives in a posting here. This piece identifies the fake Red Dragon Family's fake "ambassador" as Bo Mikael Lindström (the son of a real Swedish diplomat with official ties in Asia).

It also references the expert forger of World Bank and other financial documents, Wilfred S. Sarurin. This character is understood to have made a lot of money over the years, working for, or hoodwinking, a variety of gullible power groups. Wilfred S. Sarurin is also known as Wilfredo Sarabia Saurin, Yohannes Riyadi and James Riady.

On the 9th July 2015, Neil Keenan's team (Group K), published a follow-up piece here. This commented on the rôle of Jerzy (Zap) Babkowski, who was an associate of Bo Mikael Lindström.

The preamble to the document dated 25th January 2008, which lists the ten Greek banks above (along with many others in other countries), reads as follows:

Filipino People's Account handled by Anthony Santiago Martin
GENERAL CONFIRMATION
These Banking Institutions, with full banking responsibilities, generally have declared, certified and reconfirmed the Validity, Veracity and Existence of the Off-balance Fiduciary Bank Account Record Sheet (all accounts are drained in cash funds since year 2000) but having Sovereign Guarantee by Precious Commodities preserved and untouched in the Philippine Islands, permissibly engraving of Multi-currency Bills in the Philippine Islands (99%) and/or in the United States of America (1%) and written in US Treasury Notes (top secret) and have been released its actual updates of the audited balances accounts, EXCEPT THOSE RED COLORED ACCOUNTS THAT HAVING UNCHANGED AND IRREVOCABLE BALANCES OF US$ Infinite (INFINITE DOLLAR), the actual estimated, accumulated and presumed amount of US$ 200, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000 per account given on this date January 25, 2008 although having been drained and these Authorities reconfirmed, declared, certified and reconsidered the veracity and validity of all herein bank account information entitled and inherited to the People of the Philippine Islands (70%) and the world (30%) under the trusteeship, management and control of ASBLP Group of Companies and Bank of ASBLP represented and chaired by HM, King Anthony S. Martin, Holder of UN Diplomatic Passport no. UN – 00191 – 01. All Accounts herewith are densely coded into 4 (four) unchanged codes: White Spiritual Boy, Spiritual Wonder Boy, Morning Star and King David however it depends upon the requisition and desire of C3 – AM – 01 in his papers together with the inclusion of any herein confirmed fiduciary heritage accounts except Falcon 1 up to Falcon 999*** that requested by former World Bank Pres. Robert S. McNamara by phone (also drained in cash funds since year 2000). Said fiduciary bank accounts are amenable to change its original position and information upon requisition of C3 – AM – 01.

(AB note: It is not clear who compiled this Filipino People's Account document.)

Thanks to: http://alcuinbramerton.blogspot.com

Global banking crisis? What global banking crisis?

Global banking crisis? What global banking crisis?

Thousands of quadrillions of hidden monies revealed to be held in multiple off-ledger black screen accounts

http://alcuinbramerton.blogspot.com/2012/01/global-banking-crisis-what-global.html
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Picture: Books will be opened. Jean Delville. Madame Stuart Merrill.

Picture: Binyamin Shalom Bernanke - Banking System cartoon
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The Committee of 300's shadow government banking syndicate.

Is this a Nazi Continuum money laundry?

Documentary evidence of British Royal Family approval and signature?

Picture: HSBC - White Spiritual Boy shadow a/c - 1030 quadrillion US Dollars

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The official audited text above is part of paragraph 132 on page 18 (here) of a Committee of 300 élite **Secret Government document signed on Wednesday 10th February 2010 on page 106 (here). Page 19 of this same document can be viewed here.

The three signatories on the document were H.E. President Robert Zoellick (President of The World Bank), H.E. Vice President Lars Thunell (Executive Vice President and CEO of the International Finance Corporation) and HM Queen Alexandra Elizabeth Mary Windsor II (Chairman of The Committee of 300, The British Royal Family).

The full text of Paragraph 132 flagged in the yellow panel above reads as follows: "The Hongkong and Shanghai Banking Corporation (London, UK and Hong Kong, PROC) Account no. 0567105267802012 with account name of White Spiritual Boy and with standing balances per account worth US$ 1,030,000,000,000,000,000 with reconfirmed and reconsidered matured earnings audited by the Financial Institution of the Committee of 300 for the month of January to April 2010 worth of US$ 434,000,000,000,000,000 in the total of US$ 1,464,000,000,000,000,000 (US$ 464,000,000,000,000 had deducted automatically for bank charges and services for the first quarter of audit maturity) in the net balances of US$ 1,000,000,000,000,000,000."

The five sums of money detailed in this single auditing rubric can be expressed as one thousand and thirty quadrillion US Dollars, four hundred and thirty four quadrillion US Dollars, one thousand four hundred and sixty four quadrillion US Dollars, four hundred and sixty four trillion US Dollars, and one thousand quadrillion US Dollars.

The sum of money deducted automatically by the Hongkong and Shanghai Banking Corporation (HSBC) from this single White Spiritual Boy account for bank charges and services for one quarter of the year 2010 was four hundred and sixty four trillion US Dollars. This compares with the total publicly acknowledged Global Gross Domestic Product of about seventy eight trillion US Dollars per year. Of this $78 trillion sum, the European Union accounts for about $16 trillion, the US $15 trillion, and China $11 trillion of the global total.

The sum deducted by HSBC for bank charges and services in one quarter of 2010 from the single White Spiritual Boy account cited above, was more than five and a half times greater than the publicly stated Global Gross Domestic Product. (464 trillion divided by 78 trillion = 464 divided by 78 = 5.9). We invite comment and analysis.

The Committee of 300's shadow government world banking system, conducted across mainstream-media-invisible black and grey screens, is composed of thousands of such accounts, many of them named "White Spiritual Boy". The lead signatory for each of these accounts is Elizabeth Windsor (Queen Elizabeth II of England - HM Queen Alexandra Elizabeth Mary Windsor II).

Referring to the three document images linked above (this, this and this), the Japan-based financial journalist and White Dragon Society spokesman, Benjamin Fulford, commented on Saturday 14th January 2012: "Many people involved at the high end of the financial system and members of the committee of 300 are telling me the documents I posted with Queen Elizabeth's signature on them are forgeries by Wilfredo Sauren. Other sources also involved at a high level tell me they are genuine. I do not know, but even if they are forgeries, forgeries are usually copies of something real. Even if they are fake, there is still a huge gap between the amount of money that supposedly exists in the off-ledger financial system and the amount that is on the books. That means a lot of zeros will have to be erased before the off-ledger and on-ledger financial systems can be reconciled and reconnected with the real world." Source here (14.01.12).


** The term 'G7 Deep State' is sometimes used instead of the (older) term 'Secret Government'. Other terms for the same élite entity are 'Shadow Government' or 'Cabal.' At the time of writing, this negative power group is still just managing to operate out of sight of the Western mainstream media, and above and beyond the law.


AB comments: (1) Elsewhere, Benjamin Fulford has explained that Wilfredo Sauren was a forger who used to work with the US CIA. He made a lot of money cashing-in skilfully faked bonds and other high-status financial documentation. Over the years, Sauren has worked under a number of aliases. These are thought to include: Wilfredo Sarabia Saurin, Wilfred S. Sarurin, Yohannes Riyadi and James Riady.

(2) This is incidental, but the codename "White Spiritual Boy" for the shadow government's major off-ledger black screen accounts is suggestive. White Spiritual Boy = WSB = Wall Street Bankers. And in Washington, a hitherto invisible Spiritual Wonder Boy account, privately audited by The Committee of 300 in December 2008, reads as follows in the audit document:

"1. Special Federal Reserve Board Account no. 5525525424AM with account name of Spiritual Wonder Boy and with standing balance of US$ 2, 178, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000 reconfirmed and reconsidered matured audit dated December 1, 2008 that guaranteed and reconfirmed earned worth of US$ 410, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000 from the month of October up to this month in the total of US$ 2, 588, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000."

In plain language, in 2008, the US Federal Reserve Board had an invisible account on its off-ledger books holding 2,588 trillion trillion trillion quadrillion US Dollars. That is 2588 followed by fifty one noughts.

Spiritual Wonder Boy = SWB = Secret World Banking.


Raw data: For ease of reference, 142 pages (158,000 words) of raw data about the White Spiritual Boy off-ledger black screen accounts have been compiled on a separate blog page here. Included on that page are bank names, account names, account numbers and balances for the following shadow government conduits: White Spiritual Boy accounts, Spiritual Wonder Boy accounts, Spiritual Ally accounts, Spiritual Allied Forces accounts, Morning Star accounts, Spiritual Maria Cristina accounts, Unknown Man accounts, Falcon 1 to Falcon 21 accounts, Croplands account, Walnut account, Peter Stone account and King David account.


Question: If such huge sums of money are available to the élite banking bloodlines, why is crippling financial austerity being imposed by national governments on their populations?

And why are the elected politicians in the Western democracies keeping their electorates in the dark about these vast hidden riches, while, at the same time, they are raising taxes and cutting public expenditure on services and infrastructure?

The enquiry must be made: Is there really a global banking crisis at all? Or is the "financial crisis" just a set-up media event to provide cover for massive élite theft?

Picture: Global banking crisis? What global banking crisis?

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A list of significant geopolitical updates is now being maintained at the base of The Future Historians' page here. Some earlier and related background can be found here (31.12.13), here (30.12.13), here (28.12.13), here (23.12.13), here (16.12.13), here (13.12.13), here (13.12.13), here (11.12.13), here (10.12.13), here (02.12.13), here (25.11.13), here (23.11.13), here (22.11.13), here (22.11.13), here (18.11.13), here (11.11.13), here (07.11.13), here (06.11.13), here (28.10.13), here (21.10.13), here (21.10.13), here (18.10.13), here (15.10.13), here (09.10.13), here (07.10.13), here (05.10.13), here (03.10.13), here (01.10.13), here (23.09.13), here (23.09.13), here (22.09.13), here (19.09.13), here (18.09.13), here (18.09.13), here (17.09.13), here (17.09.13), here (17.09.13), here (15.09.13), here (12.09.13), here (11.09.13), here (10.09.13), here (09.09.13), here (08.09.13), here (07.09.13), here (05.09.13), here (05.09.13), here (05.09.13), here (04.09.13), here (04.09.13), here (03.09.13), here (01.09.13), here (27.08.13),  here (26.08.13), here (26.08.13), here (20.08.13), here (15.08.13), here (13.08.13), here (13.08.13), here (12.08.13), here (12.08.13), here (09.08.13), here (06.08.13), here (04.08.13), here (01.08.13), here (30.07.13), here (30.07.13),  here (26.07.13), here (25.07.13), here (23.07.13), here (22.07.13), here (22.07.13), here (21.07.13), here (21.07.13), here (19.07.13), here (18.07.13), here (17.07.13), here (09.07.13), here (09.07.13), here (08.07.13), here (05.07.13), here (03.07.13), here (03.07.13), here (03.07.13), here (01.07.13), here (30.06.13), here (25.06.13), here (22.06.13), here (18.06.13), here (17.06.13), here (17.06.13), here (10.06.13), here (08.06.13), here (07.06.13), here (04.06.13), here (03.06.13), here (31.05.13), here (28.05.13), here (27.05.13), here (25.05.13), here (21.05.13), here (20.05.13), here (20.05.13), here (14.05.13), here (13.05.13), here (13.05.13), here (06.05.13), here (04.05.13), here (01.05.13), here (30.04.13), here (30.04.13), here (22.04.13), here (19.04.13), here (17.04.13), here (16.04.13), here (15.04.13), here (12.04.13), here (10.04.13), here (08.04.13), here (07.04.13), here (06.04.13), here (03.04.13), here (01.04.13), here (31.03.13), here (29.03.13), here (26.03.13), here (25.03.13), here (19.03.13), here (18.03.13), here (11.03.13), here (05.03.13), here (02.03.13), here (27.02.13), here (26.02.13), here (25.02.13), here (18.02.13), here (16.02.13), here (13.02.13), here (12.02.13), here (11.02.13), here (06.02.13), here (05.02.13), here (30.01.13), here (30.01.13), here (28.01.13), here (21.01.13), here (20.01.13), here (15.01.13), here (14.01.13), here (08.01.13), here (08.01.13), here (07.01.13), here (03.01.13), here (02.01.13), here (01.01.13), here (30.12.12), here (27.12.12), here (24.12.12.), here (23.12.12), here (17.12.12), here (11.12.12), here (04.12.12), here (03.12.12), here (28.11.12), here (26.11.12), here (26.11.12), here (20.11.12), here (19.11.12), here (12.11.12), here (07.11.12), here (29.10.12), here (29.10.12), here (28.10.12), here (25.10.12), here (22.10.12), here (21.10.12), here (15.10.12), here (08.10.12), here (01.10.12), here (30.09.12), here (29.09.12), here (24.09.12), here (18.09.12), here (14.09.12), here (14.09.12), here (11.09.12), here (09.09.12), here (04.09.12), here (03.09.12), here (28.08.12), here (25.08.12), here (21.08.12), here (19.08.12), here (18.08.12), here (16.08.12), here (13.08.12), here (06.08.12), here (06.08.12), here (31.07.12), here (18.07.12), here (17.07.12), here (16.07.12), here (10.07.12), here (03.07.12), here (25.06.12), here (24.06.12), here (18.06.12), here (11.06.12), here (06.06.12), here (06.06.12), here (05.06.12), here (02.06.12), here (01.06.12), here (30.05.12), here (29.05.12), here (28.05.12), here (23.05,12), here (23.05.12), here (22.05.12), here (14.05.12), here (14.05.12), here (13.05.12), here (12.05.12), here (08.05.12), here (08.05.12), here (07.05.12), here (05.05.12), here (01.05.12), here (27.04.12), here (27.04.12), here (23.04.12), here (16.04.12), here (12.04.12), here (12.04.12), here (10.04.12), here (09.04.12), here (03.04.12), here (31.03.12), here (27.03.12), here (27.03.12), here (27.03.12), here (26.03.12), here (22.03.12), here (21.03.12), here (21.03.12), here (20.03.12), here (17.03.12), here (13.03.12), here (07.03.12), here (05.03.12), here (29.02.12), [size=17][size=14]here (27.02.12), here (27.02.12), here (27.02.12), here (21.02.12), here (20.02.12), here (16.02.12), [/size][/size] here (13.02.12), here (12.02.12), here (07.02.12), here (05.02.12), here (04.02.12), here (31.01.12), here (27.01.12), here (26.01.12), here (26.01.12), here (26.01.12), here (23.01.12), here (19.01.12), here (18.01.12), here (17.01.12), here (09.01.12), here (09.01.12), here (08.01.12), here (05.01.12 - sourced from a bilingual Japanese/English presentation here on 25.12.11), here (02.01.12) and here (29.12.11). And there is more about The Committee of 300 here and here.


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The White Spiritual Boy off-ledger black screen accounts - raw data

The US Federal Reserve Money Laundry Disclosure

The JP Morgan Blue Book. The Secret Book of Redemption.

The Fall of the Pentagram Five. Illuminati illusion dissolves in disarray.

Corporate evil, artificial intelligence and cyberform spirituality. What is going on inside our computer networks?


The World Global Settlement Funds


Universal debt forgiveness and the imminent global debt jubilee


The Monaco Colloquium - August 2011


The NESARA announcements


2016 Agenda for Disclosure - The opening of Pandora's Suitcase


Dark Pool Gold. That which glisters returns to haunt the Fed.

The Future Historians' List

Index of blog contents

http://alcuinbramerton.blogspot.com

The US Federal Reserve Money Laundry

The US Federal Reserve Money Laundry

Bank-sponsored Treason in Washington DC and New York City

http://alcuinbramerton.blogspot.com/2015/08/the-us-federal-reserve-money-laundry.html
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Picture: US Federal Reserve Money Laundry. Janet Yellen. William Dudley.

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The US Federal Reserve Money Laundry

Bank-sponsored Treason in Washington DC and New York City

Arrests of élite criminal financiers imminent

Civil actions join the legal ferment
#
The technical detail of the US Federal Reserve's illegal and anti-Consitutional money laundry is now known to the US Supreme Court, the US Congress, the US Pentagon and the US Provost Marshal.

The individuals, agents, agencies, constituent corporations, primary dealers and private owners of the US Federal Reserve nexus now have no lawful or legitimate claim to legal immunity. Nor do the individuals acting for the law enforcement authorities who are tasked with the arrest and proper public prosecution, in open court, of the accused persons.

The Washington-backed US establishment system of banking embezzlement is outlined in the following summary of a current Legal Complaint by Federal Reserve whistleblower James Carter, a US resident of Cass County, Missouri.

The US Federal Reserve banking syndicate (the Federal Reserve Bank of New York  and the Board of Governors of the Federal Reserve) is explicitly accused of hiding a trillion dollars a year using its exclusive handling of records and disbursement of the US Treasury security auction accounts.

The Board of Governors of the Federal Reserve is exposed as operating as a US government contractor as defined by the US Supreme Court, and not as an agency of the US government .

The Board of Governors of the Federal Reserve's violation of the law that all profit of the Federal Reserve (Board of Governors of the Federal Reserve + Federal Reserve Bank of New York) belongs to the US government, negates any claim to US government immunity.

Treble damages and civil penalties are sought from the Federal Reserve (Board of Governors of the Federal Reserve + Federal Reserve Bank of New York).

These damages and penalties arise from the Federal Reserve's hiding of profit from Congress, and from the lack of reporting such profit to Congress. These actions are violations of the (civil) False Claims Act (the "Lincoln Law").

The violations of the False Claims Act arise because the Federal Reserve (Board of Governors of the Federal Reserve + Federal Reserve Bank of New York) knowingly and intentionally conceals from the US government approximately six hundred times a year, a total amount of money equal to the value of the total deficit spending of the US government.

The Federal Reserve (Board of Governors of the Federal Reserve + Federal Reserve Bank of New York) is knowingly engaged in a contorted accounting scam. Hidden records are used by the Federal Reserve (Board of Governors of the Federal Reserve + Federal Reserve Bank of New York) to conceal the perfidy.

The Federal Reserve Bank of New York has exclusive control of the redemption records. This authority is used to control the receipts and disbursements of all US Treasury security auctions. These records have never been independently audited.

The profit is hidden from the United States in violation of the Federal Reserve Act of 1913, which specifies that all net profit of the Federal Reserve system is the property of the United States.

The statutory requirement for a complete report of the system to be periodically made to Congress is routinely violated.

Private Federal Reserve corporations can be sued
The Federal Reserve Bank of New York is a privately-owned corporation operating on a franchise granted by the Board of Governors of the Federal Reserve. It has the statutory authority to sue or to be sued.

The Board of Governors of the Federal Reserve is a privately-held corporation owned by select Primary Dealers. It operates as a US government contractor that has assumed the guise of a US federal agency. It has the statutory authority to sue or to be sued.

Twenty-one Primary Dealers own the private corporation which is called the Board of Governors of the Federal Reserve. These Primary Dealers include Barclays Capital, Citigroup Global Markets, Credit Suisse Securities (USA), Deutsche Bank Securities, Goldman Sachs, HSBC Securities (USA), J.P.Morgan Securities, Morgan Stanley, RBS Securities, and UBS Securities.

The full list of Primary Dealers which own the private corporation called the Board of Governors of the Federal Reserve is here.

Each Primary Dealer has violated the False Claims Act by receiving and hiding profit from the Federal Reserve's operations.

The Board of Governors of the Federal Reserve has administrative control and regulatory authority over each Federal Reserve Bank. The Board of Governors of the Federal Reserve has the legislated responsibility for auditing and reporting to Congress an annual "complete report" of the Federal Reserve System.

A systemic violation of the Charter law of the Federal Reserve legislation by any Federal Reserve Bank, which is not corrected or reported to Congress, makes that bank an entity which conspires to commit a violation of the False Claims Act.

An unlawful practice by any US government employee or entity negates any claim of sovereign immunity.

The Board of Governors of the Federal Reserve maintains the guise of a US Federal agency. In fact, the Board of Governors of the Federal Reserve operates as a US government contractor. It has no lawful claim to sovereign immunity.

The Board of Governors of the Federal Reserve is subject to court process as respondent superior, and as an indispensable party for any systemic unlawful operation of any Federal Reserve bank.

The Board of Governors of the Federal Reserve is a privately-held corporation secretly owned by select Primary Dealers. Its primary allegiance is to its owners. A US government agency, in contradistinction, is established for the benefit of society. A US government agency which is established for the benefit of a corporate enterprise in violation of its charter of creation is a legal nullity. It is void from its inception and negates any claim to sovereign immunity.

Federal Rule of Procedure 19 authorises joinder of the owners of the Board of Governors of the Federal Reserve as indispensible parties and recipients of purloined funds.

The Federal Reserve Bank of New York and the Board of Governors of the Federal Reserve were created by legislation in 1913 which was formulated at a clandestine meeting of Wall Street and European bankers secluded on Jekyll Island.

The new economic structure settled in that 1913 legislation was modeled on historic European systems which had benefited various rulers and financiers, but left the nations concerned in financial ruin, with widespread riots, confiscation of estates and physical harm to the perpetrators. The model thus conceals the perpetrators.

Ownership of the Board of Governors of the Federal Reserve has been alleged by various authors, but requests pursuant to the Freedom of Information Act (FOIA) for verification of ownership are stonewalled with uninformative website links. The ownership of the Board of Governors of the Federal Reserve is not a matter of public record.

Since the trail of money leads to the Primary Dealers, each member of that group (named here) is an owner of the Board of Governors of the Federal Reserve.

Freedom of Information Act (FOIA) requests for the identities of those responsible for compiling the screened lists (and the original 1913 list) submitted for US government appointment as Federal Reserve officers are rebuffed. Those parties are the owners of the Board of Governors of the Federal Reserve.

Supervisory and regulatory control of all Federal Reserve banks is vested in the Board of Governors of the Federal Reserve; the Federal Reserve banks are franchises controlled by the Board of Governors of the Federal Reserve. The Federal Reserve banks operate as private corporations.

The object of the Federal Reserve system is to embezzle the hidden profit. The source of initial funds to establish operations in 1913 was from the owners of the Board of Governors of the Federal Reserve.

Unlawful exploitation of US deficit spending by the US Federal Reserve system
Deficit spending occurs when Congress approves such an act. The US Treasury can then send a US Treasury security (a marketable security such as a bill, bond or note) as collateral to the Federal Reserve Bank of New York. The Federal Reserve Bank of New York then increases the US government's line of credit (book entry money) by that amount. The act is identified as a "loan" from the Federal Reserve. The source of the loan is never identified as having the value before the "loan", but somehow the money comes from an unknown source.

The US government pays for services by vendors from the account thus established. When a vendor requests "cash" from a commercial bank after depositing the cheque, the vendor will receive Federal Reserve Notes (FRNs), i.e. a voucher acknowledging debt from the Federal Reserve system identified as a legal tender.

A legal tender is an alternate item from that which was contracted. The vendor requests "dollars" when the cheque is cashed, but is given Federal Reserve Notes as a substitute which, by law, must be accepted for the requested item.

The Federal Reserve Bank of New York will sell the US Treasury security (as a component of a roll-over security) by auction, with a superficial appearance at the auction by the US Treasury.

Bids for auctions of US Treasury Marketable securities are jointly received by the Federal Reserve Bank of New York and select US government branches. The auctions are open to the public. Approximately 70% of sales are to the Primary Dealers who place bids with the Federal Reserve Bank of New York.

Each security is accompanied by papers which identify how much of it goes for roll-over and how much is for deficit spending. Approximately 85% of auctioned securities are used to fund roll-over for maturing or redeemed US Treasury securities. Security value for deficit spending is about 15%.

Funds received by auctioning securities for redemption of securities in the market may be received by the US government or the Federal Reserve Bank of New York. They are credited to a US government account by the Federal Reserve Bank of New York. Since the funds are credited to the US government, there is no increase in the National Debt, nor is there any increase in the amount of currency in circulation. The US government balance sheet lists these funds as assets under Marketable securities.

The US Treasury makes a list of securities that are being recalled before maturity with the price that they will pay. The Primary Dealers are largely responsible for collecting the listed or maturing securities for redemption.

The Federal Reserve Bank of New York has exclusive management and accounting control of redemption accounts for the US government. The accounts have never been independently audited, nor are they reported to Congress as required by law.

Deficit spending securities are auctioned off as a small component of each roll-over security. While temporarily shown on US government balance sheets, the funds are not available to pay for US government services.

If the funds belonged to the US government, there would be no increase in the US National Debt, nor would there be an increase in the money in circulation (inflation). The retention of the value within the Federal Reserve system is deliberately concealed.

Revenue from both deficit and roll-over auctioned securities appears on the US government balance sheet as "Marketable" securities. Purchases of maturing securities are listed under "Redemptions". The Federal Reserve Bank of New York has exclusive control of the accounts for redemption. This authority is used to pay the owners of the Board of Governors of the Federal Reserve their share of profit from deficit spending.

While the funds from all auctions appear on the balance sheet of the US government, the Federal Reserve Bank of New York has exclusive authority to handle disbursements of redeemed securities. This authority is used to cover paying funds from deficit spending to the owners of the Board of Governors of the Federal Reserve.

Funds received from auctioning deficit spending securities are ostensibly used to pay back the "loan" which created the book-entry money - while concealing the payment from the public records.

The owners of the Board of Governors of the Federal Reserve advance no consideration for the above "loan" or transactions. If the owners of the Board of Governors of the Federal Reserve had advanced value in the "loan", there would have been no increase in the amount of money in circulation (inflation) and no increase in the US National Debt, i.e. no book-entry creation of money.

The owners of the Board of Governors of the Federal Reserve receive the entire value of deficit spending as a net profit by this handling. There is no consideration advanced by the owners of the Board of Governors of the Federal Reserve. The net profit of the Federal Reserve system belongs to the US government, not to the owners of the Board of Governors of the Federal Reserve.

It is impossible to pay off the US National Debt which is created by the above transactions. Every "dollar" in circulation has been created as the principal of a "loan", but requires repayment of principal plus interest. The interest itself is never created; it does not exist. It is a loan which cannot be culminated.

The ancestors of the 21 Primary Dealers who own the Board of Governors of the Federal Reserve, contrived and established the scam to acquire vast profit (to receive funds from deficit spending securities) with the full knowledge that this money is the fruit of a scam.

The Board of Governors of the Federal Reserve is a full and willing accomplice in the scam and deliberately provides concealment of its action from public awareness.

The US National Debt in February 2009 was £10.6 trillion; the US National Debt in February 2015 was $18.1 trillion. The total amount of funds deliberately concealed within the statutory limit of six years exceeded $7.4 trillion.

There are approximately 600 auctions of US Treasury securities each year. Assuming that each of these has a deficit spending component, each auction is a violation of the Primary Dealers' obligation to transfer such money to the US government. A six-year period would involve approximately 3,600 such violations subject to a statutory civil penalty of up to $10,000 for each violation.

Wherefore, the Plaintiff/Relator in this case requests judgment against the Primary Dealers (the owners of the private corporation called the Board of Governors of the Federal Reserve) for three times the amount improperly concealed by the Federal Reserve system; for the maximum civil penalty for each violation of the False Claims Act; for the minimum statutory amount authorised to the Plaintiff/Relator; for court costs and expenses; and for such further relief as the Court deems just and proper.

Case No: 12-0129-CV W hfs in A United States District Court, Western District of Missouri, Western Division.

The full text of James Carter's March 2015 court document can be found here. The Plaintiff/Relator, James Carter, is a resident of Cass County, Missouri, USA.



Picture: Anonymous. We are more than you. We are better than you.

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Global banking crisis? What global banking crisis?

Universal debt forgiveness and the imminent global debt jubilee

The White Spiritual Boy off-ledger black screen accounts

The World Global Settlement Funds

European bloodlines face end-time vortex of exposure

The JP Morgan Blue Book. The Secret Book of Redemption.

The Future Historians' List

Index of blog contents

Thanks to: http://alcuinbramerton.blogspot.com

Greek White Spiritual Boy off-ledger $USD funds

Tuesday, July 26, 2016

Greek White Spiritual Boy off-ledger $USD funds

Does Greece have titles to a lot more ready money than it thinks?

http://alcuinbramerton.blogspot.com/2012/01/greek-white-spiritual-boy-off-ledger.html
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Picture: Has Greece got a lot more hidden money than it thinks?
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Until two or three years ago, the Committee of 300's shadow government banking nexus held a large covert document called The Black Book (aka Book of Codes). This book then found its way into benevolent hands in the form of Neil Keenan. He talks about it here (30.03.15).

The detailed content of The Black Book has not yet been disclosed, but it may confirm a story that has been circulating on the web via alternative news outlets for several years.

The story is this:

On Friday 25th January 2008, White Spiritual Boy funds in the following ten off-ledger black screen Greek bank accounts were recorded to have held, collectively, audited (but untaxed?) sums in excess of thousands of trillions of $USD:

667. ATEbank (Greece) Account no. 3597772412

668. Alpha Bank (Greece) Account no. 54477738142

669. Aspis Bank (Greece) Account no. 36777219821

670. Eurobank EFG (Greece) Account no. 364477712

671. Emporiki Bank (Greece) Account no. 28277754132

672. Geniki Bank (Greece) Account no. 864777212

673. National Bank of Greece (Greece) Account no. 97772541114

674. Piraeus Bank (Greece) Account no. 98877722335

675. Proton Bank (Greece) Account no. 864242777

676. Bank of Greece (Greece) Account no. 39937177812


Two questions beckon:
(1) Where is all that money now?
(2) Where are the Documents of Title to the precious metals in Asia (specifically, in the Philippines) which back that money?

The answer to both these questions must be known in Brussels, because it was the exploitation of that knowledge which enabled the establishment of the new fiat Euro currency in January 1999. UK insiders also knew, and that is why the UK was rather careful not to join the EuroZone.

The identity of White Spiritual Boy (the account holder and lead signatory of all accounts bearing that name) has been a matter of much discussion on the web. White Spiritual Boy, it appears, was King Anthony Santiago Martin. He died in 1985, four years before Ferdinand Marcos. There have been at least four other Anthony Santiago Martin sock puppets doing the rounds since then. Neil Keenan says that these are just agency fakes, trolling around trying to get at the precious metals. The gold still exists. It is held in the Asian-controlled Global Collateral Accounts.

A lot of Western-backed scamsters, counterfeiters and false personae have been involved nosing around the Asian gold depositories in recent years. Their aim has been to get a bank somewhere, or a credulous person with money, to believe that they hold the titles to the gold. These people have been active, in particular, in Indonesia, the Philippines, Thailand and South Korea. One tactic is to use the White Spiritual Boy account data as evidence of their executive bona fides.

On the 8th July 2015, Neil Keenan's team (Group K) mentioned several names of exposed operatives in a posting here. This piece identifies the fake Red Dragon Family's fake "ambassador" as Bo Mikael Lindström (the son of a real Swedish diplomat with official ties in Asia).

It also references the expert forger of World Bank and other financial documents, Wilfred S. Sarurin. This character is understood to have made a lot of money over the years, working for, or hoodwinking, a variety of gullible power groups. Wilfred S. Sarurin is also known as Wilfredo Sarabia Saurin, Yohannes Riyadi and James Riady.

On the 9th July 2015, Neil Keenan's team (Group K), published a follow-up piece here. This commented on the rôle of Jerzy (Zap) Babkowski, who was an associate of Bo Mikael Lindström.

The preamble to the document dated 25th January 2008, which lists the ten Greek banks above (along with many others in other countries), reads as follows:

Filipino People's Account handled by Anthony Santiago Martin
GENERAL CONFIRMATION
These Banking Institutions, with full banking responsibilities, generally have declared, certified and reconfirmed the Validity, Veracity and Existence of the Off-balance Fiduciary Bank Account Record Sheet (all accounts are drained in cash funds since year 2000) but having Sovereign Guarantee by Precious Commodities preserved and untouched in the Philippine Islands, permissibly engraving of Multi-currency Bills in the Philippine Islands (99%) and/or in the United States of America (1%) and written in US Treasury Notes (top secret) and have been released its actual updates of the audited balances accounts, EXCEPT THOSE RED COLORED ACCOUNTS THAT HAVING UNCHANGED AND IRREVOCABLE BALANCES OF US$ Infinite (INFINITE DOLLAR), the actual estimated, accumulated and presumed amount of US$ 200, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000, 000 per account given on this date January 25, 2008 although having been drained and these Authorities reconfirmed, declared, certified and reconsidered the veracity and validity of all herein bank account information entitled and inherited to the People of the Philippine Islands (70%) and the world (30%) under the trusteeship, management and control of ASBLP Group of Companies and Bank of ASBLP represented and chaired by HM, King Anthony S. Martin, Holder of UN Diplomatic Passport no. UN – 00191 – 01. All Accounts herewith are densely coded into 4 (four) unchanged codes: White Spiritual Boy, Spiritual Wonder Boy, Morning Star and King David however it depends upon the requisition and desire of C3 – AM – 01 in his papers together with the inclusion of any herein confirmed fiduciary heritage accounts except Falcon 1 up to Falcon 999*** that requested by former World Bank Pres. Robert S. McNamara by phone (also drained in cash funds since year 2000). Said fiduciary bank accounts are amenable to change its original position and information upon requisition of C3 – AM – 01.

(AB note: It is not clear who compiled this Filipino People's Account document.)


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Thanks to: http://alcuinbramerton.blogspot.com