Sorcha FaalWorld Markets on Brink of Total CollapseTue Nov 1, 2005 01:2184.108.40.206October 31, 2005
World Markets on Brink of Total Collapse as Hedge Fund System ‘Broken’, United States Coup-Forces Counter Israeli Nuclear Bomb Smuggling Ring
By: Sorcha Faal, and as reported to her Russian Subscribers
Russian Intelligence Analysts are reporting today that the World’s Financial Markets are on the ‘brink’ of total collapse due to the over $1 trillion (US) imminent failure of the World’s, mostly controlled by Israel, Hedge Fund industry, and to which European Markets are now sounding warnings, and as we can read as reported by the Britain’s Evening Standard News Service in their article titled “Gartmore warning sparks hedge fund fears" and which says:
"Fears of a financial fallout in the hedge fund industry were fuelled today by a warning from Gartmore, one of London's biggest fund groups, that 'something is broken' in European equity markets. The ominous statement - in a letter to investors from Gartmore managers Roger Guy and Guillaume Rambourg - comes as the firm calculated October has been its worst ever investment month."
This new European Union warning follows these past weeks total collapse of the Israeli-British-United States controlled Hedge Fund Operation named Refco, and to whose collapse is causing even more imminent failures, and as we can read as reported The Business Online News Service in their article titled "Refco debacle widens and now involves Austrian bank" and which says:
"Austrian bank BAWAG is set to file lawsuits against Refco, as the widening scandal involving the US futures trader has prompted a former Refco executive to co-operate with US authorities trying to get to the bottom of the affair.
Austrian regulators last week also launched an investigation into the Refco debacle and expect to release a first report in a fortnight on BAWAG’s role in the accounting scandal. BAWAG is Austria’s fourth-largest bank. It was listed as Refco’s biggest creditor in papers filed by Refco in the US bankruptcy court this month. BAWAG is owed E350m ($424m, £238m) by Refco’s former chief executive, Briton Phillip Bennett, as well as E75m by Refco itself."
To the first warnings of the total collapse of the World Markets came with the United States arrest of Phillip Bennett, and as we can read as reported by Britain’s Guardian Unlimited News Service in their article titled "World's hedge funds face crisis as Refco suspends trading" and which says, "A crisis in the world's hedge fund industry was in prospect last night after one of the world's largest derivatives brokers was forced to freeze trades potentially worth billions of pounds.
The move by Refco, which acts for many leading speculative investors both on Wall Street and in the City, followed the discovery of accounts irregularities at the firm earlier this week and the issue of fraud charges against its former chief executive Phillip Bennett. Mr. Bennett has been charged with defrauding investors by using a hedge fund to hide $430m (£250m) of debts owed to the firm. A British banker who has lived in the US since 1978, Mr. Bennett has been released on bail of $50m secured on a house in New Jersey, a Park Avenue penthouse apartment, $5m in cash and funds raised by six co-signers of the bail bond.
The implications of the 15-day trading moratorium on the company's Refco Capital Markets subsidiary may be felt across the world financial system, depending upon the size of the funds caught up inside Refco and the types of institutions which are unable to remove their money from the operation."
Combining with the collapse of the World Hedge Fund Markets is the drastically rising inflation rates in the United States due to the combined stresses of their war spending, repeated natural disasters that have caused to date losses this year over $500 billion (US) and the unstoppable rise in fuel costs, and which are at an over 50 year high and are seeing the worlds major investors fleeing the US Capital Markets, and as we can read as reported by the AME Middle East Financial and Economy News Service in their article titled "4.7% US inflation: buy gold, sell US treasury bonds!" and which says:
"Last week the US posted its highest monthly figure for energy price inflation in almost 50 years. Annual US headline inflation is now 4.7%, the highest for 14 years, so US Treasury bond holders are losing money in real terms.
Let us look at those inflation figures a moment. The September rise in US inflation of 1.2% was the biggest rise in 25 years; the annual inflation figure of 4.7% the worst since 1991; and the 12% surge in energy inflation was the highest since 1957. Economists drew comfort that inflation outside the energy sector was still very low. But are these guys not able to spot a trend when it is staring them in the face? Inflation is up, and it is up very substantially."
To the Americans being able to see what is ‘staring them in the face’ though it is almost too insane to believe the truths behind their machinations, and as reported by our Russian Economists the scheme operates like this:
The American workers do not enjoy state pensions but instead put portions of their wages into what are called 401K retirement plans. To date the total of these 401k retirement investments are over $5 trillion (US) and which are utilized for the protection of the United States collapsing markets while their richest citizens and corporations withdrawal their savings. American corporations under their laws also contribute towards these 401K plans, but to which they have not paid and when their debt to these plans become insurmountable they are then in turn allowed to declare their portions bankrupt, and as we can read as reported by the New York Times News Service in their article titled "The End of Pensions" and which says:
"Earlier this month, Miller and Delphi gave in to the pressure and sought protection under the bankruptcy code - the largest such filing ever in the auto industry. It followed by a few weeks the Chapter 11 filings of Delta Air Lines and Northwest Airlines, whose pension promises to workers exceeded the assets in their pension funds by an estimated $16 billion. The three filings have blown the lid off America's latest, if long-simmering, financial debacle. It is not hedge funds or the real-estate bubble - it is the pension system, both public and private. And it is broken."
As incredible as it is to believe, it is nonetheless true that the American people themselves are not allowed to withdrawal their 401K savings, even under their total collapse of worth, at the same time that their corporations are not required by their laws to even pay their promised share.
This most troubling of news comes also at a time when reports from the United States are also showing that the American Coup-Forces, led by their Presidents ‘avenger’ against the perpetrators of the September 11, 2001 Terrorist Attacks, US Federal Prosecutor Patrick Fitzgerald, is continuing the dismantling of the vast Israeli Spying Operation in their country by reaching into the highest layers of the American government to target one of Israel’s top US spies named Irving Libby, and who holds like many other top American Government Officials duel United States/Israeli citizenship, and as we can read as reported by the New York Times News Service in their article titled "Scooter Libby, the missing weapons and the coverup" and which says:
"The five-count indictment handed up on Friday against I. Lewis Libby Jr., accusing the vice president's chief of staff of lying to a grand jury in the Valerie Plame case, has left a lot of questions unanswered about which government official was responsible for outing a covert Central Intelligence Agency officer after her husband questioned one of the central justifications for the war in Iraq."
In the aftermath of the September 11, 2001 Terrorist Attacks US Federal Prosecutor Patrick Fitzgerald was the head of the United States most important Anti-Terrorist Organization comprising elements of the American CIA, FBI and Defense Departments, and ordered by the American President to ‘bring to justice’ the ‘true’ organizers of this attack, ‘both within and outside of the borders of the United States’, according to Russian Intelligence reports.
The most vital of the intelligence assets provided to Prosecutor Fitzgerald was the oversight of the American CIA’s most important operation for protecting the Untied States from smuggled nuclear weapons, the CIA operation named “Brewster Jennings & Associates" and of which we can read, "Brewster Jennings & Associates was a front company set up by the CIA for Valerie Plame, an operative for the Agency whose identity was publicly disclosed in 2003.
Plame's status was revealed by Robert Novak (based on leaked information) in a 2003 column. In an interview on CNN, he said "Wilson's wife, the CIA employee, gave $1,000 to Gore and she listed herself as an employee of Brewster-Jennings & Associates. There is no such firm, I'm convinced." It later turned out that BJ&A did exist for all intents and purposes, listed on the Dun & Bradstreet database of company names.
Since NOCs (CIA agents under nonofficial cover) usually work at companies set up by the CIA itself as fronts, it has been speculated that other employees of BJ&A may also have been NOCs, doing work similar to Plame. If that were true, the damage done by leaking Plame's name would be vastly multiplied, as all the other NOCs would be compromised.
A spokeswoman for Dun & Bradstreet Inc., a New Jersey operator of commercial databases, said Brewster Jennings was first entered into its records on May 22, 1994, but wouldn't discuss the source of the filing. Its records list the company, at 101 Arch St., Boston, Massachusetts, as a "legal services office," which could mean a law firm, with annual sales of $60,000, one employee, and a chief executive identified as "Victor Brewster, Partner."
101 Arch St. is a multi-tenant, class A, high rise, 21-story, 389,000 square foot (36,000 m²) office building located in the Boston financial district that houses a number of law firms, though there was no visual indication of Brewster Jennings being centered there. "All it was a telephone and a post office box" a former intelligence official was quoted as saying, although the company was listed in an online database of law firms. Intended to infiltrate ties between groups involved in smuggling nuclear weapons, it was apparently named after the late Brewster Jennings, who served as president of a predecessor company to Exxon Mobil Corporation."
To the damage done to the United States most important intelligence asset for the protection of their Homeland against attack by smuggled nuclear weapons has caused those American Coup Forces still loyal to their President to issue the sternest warnings to their citizens that an attack upon them is imminent, and in an action unprecedented in their country have been sending to all of their citizens at no cost a DVD movie about what is going to happen, and can be obtained by them by going to the website LastBestChance.Org.
But, and as even this weeks recent events show once again, even with over two weeks warning of a catastrophic hurricane about to hit their country, the peoples living in the Hurricane ravaged Florida Region of the United States did nothing to heed their governments warnings, nor those of common sense. So, yet again, the spectacle of these strangest of people queuing for food, ice, water and fuel, in spite of the many warnings to prepare, once again shows their unwillingness to either believe, or even listen, to the warnings of their fates.
Not to true things are they able to hear anymore, even as their Nation enters what could very well be its final hours upon the world stage, and not to hearing the truth are they able to do, but only to the banning of truth from their eyes and ears are they now capable of. There truly must be no other people in this world today like these Americans, not even sympathy can they earn from the world anymore, only pity.
© October 31, 2005, EU and US all rights reserved.
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Our MONEY REFORM brings DEMOCRACY and FREEDOM from DEBT SLAVERY
A Speech by Alistair McConnachie
Prosperity, September 2005
The following speech was delivered by Alistair McConnachie at the American
Monetary Institute's 2005 Monetary Reform Conference, at the Essex Inn, 800
South Michigan Avenue, Chicago, on Thursday 29th September 2005, at 6pm. It
was published in the September 2005 issue of Prosperity and can be read at
and can also be read at
Thank you. I have been asked to speak about the Bank of England, and its
place within the monetary system of the UK. After that, I want to tell you
about the monetary reform which we in the United Kingdom are proposing.
Tomorrow we are going to be hearing about the US Federal Reserve, from Mr
William Hixson -- author of the two wonderful books, Triumph of the Bankers
and A Matter of Interest, and one of the founders of COMER, the
Canadian-based Committee on Monetary and Economic Reform, from whom we will
also be hearing this evening.
Now, the Federal Reserve is differently constituted from the Bank of
England, but given the political will, both institutions are able to be
reformed to deliver the results which we as Money Reformers are seeking.
"Given the political will" -- creating that political will, is the real
challenge for us.
THE BANK OF ENGLAND
The Bank of England is Britain's Central Bank. Just as individuals and
businesses keep accounts at commercial banks, so commercial banks and
government keep accounts at the Central Bank -- in our case, the Bank of
The Bank of England began in 1694 when King William needed money to fight a
war against France. A company promoter by the name of William Paterson came
up with the idea of a bank. It would raise £1.2 million and then lend a
million to the Crown, at a high rate of interest. In return for the loan, it
was incorporated by Royal Charter as the "Bank of England" which became the
government's banker. Thus began the British national debt.
- We Have Been Warned Representative Ron Paul, Tue Nov 1 01:31
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