U.S. Pays for Clinton-Riady-China Connection


Friday, 02-Feb-01 00:49:58

    24.14.28.77 writes:

    CONNECT THE DOTS......WHY WACO?

    U.S. Pays for Clinton-Riady-China Connection
    http://www.newsmax.com/archives/articles/2001/1/31/185632.shtml

    By Charles R. Smith
    "SOFTWAR" - softwar@us.net


    Bill Clinton shares a close financial relationship with Moctar
    Riady, the Indonesian billionaire owner of the Lippo Group.
    According to testimony before Sen. Fred Thompson, the Lippo Group
    is in fact a joint venture of China Resources, a trading and
    holding company "wholly owned" by the Chinese communist
    government and used as a front for espionage operations.

    In 1993, before Bill Clinton was sworn into office, Lippobank
    Vice Chairman John Huang sought out DNC chairman Ron Brown. John
    Huang, a major Riady backed Clinton fundraiser, sought to leave
    his six-figure job at Lippo to work as an underpaid U.S.
    government employee under Brown.

    In a Jan. 1993 letter addressed to DNC headquarters, John Huang
    wrote to Brown for a meeting with Lippo CEO Moctar Riady. The
    letter was obtained from the U.S. Commerce Department using the
    Freedom of Information Act.

    "Daer Ron," wrote Huang in a poorly written letter filled with
    broken English. "Congratulations for great performance during
    yesterday Senate hearing. I was watching it in the Senate
    Russell Building and came away with the strong feeling that you
    will do an outstanding job as the Secretary of the Department of
    Commerce in the coming years."

    "I was trying to reach you. But there were too many people there
    and I was not successful to do it," noted Huang. "What I really
    want to do is to identify a convenient time in the coming week to
    arrange a meeting between you and Dr. Moctar Riady, our Group
    Chairman."

    Shortly after the letter, Huang took a pay-cut, entered his new
    position at the U.S. Commerce Department and accepted a huge
    bonus check from the Lippo Group. It was during his stay at
    Commerce that Huang received 37 secret briefings with the CIA.

    In August 1994, CIA agents attended the "TPCC" or "Trade Policy
    Coordinating Committee" meeting with John Huang. The subject of
    the CIA meeting was U.S. government financed trade deals that
    contained "first family involvement" or illegal payments made to
    relatives of then Indonesian dictator Suharto.

    According to documents obtained using the Freedom of Information
    Act, one project - the Edison/GE coal fired "Paiton" power plant
    - had problems with a $50 million dollar payment to Suharto's
    youngest daughter, Titek Prabowo and her brother-in-law, Hashim
    Djojohadikusumo. The power plant had encountered difficulties
    with financing because the "Asian Development Bank (ADB)" knew it
    contained money for a Suharto family member. Directly after
    meeting with the CIA, Huang proceeded to place a three-hour call
    to his former employer, the Lippo Group.

    The newly released Commerce Department documents show that Huang,
    James Riady, Commerce Secretary Ron Brown, and "brother-in-law"
    Hashim all met together in November 1994 - after Huang made the
    long distance phone call to Lippo in August. The meeting took
    place inside Indonesia and was sponsored by James Riady and
    Hashim Djojohadikusumo.

    Directly after that meeting, Bill Clinton endorsed the Edison
    project and he signed a trade agreement to supply Indonesia with
    electric power using U.S. taxpayer loans. The trade agreement
    was worth billions to U.S. corporations such as Mission Energy
    and General Electric.

    "As markets expand, as information flows, the roots of an open
    society will grow and strengthen and contribute to stability,"
    stated President Clinton during the 1994 signing in Jakarta.

    It is no co-incidence that the Lippo Group was also Hashim's
    financial backer in his sulfur-free coal mine. Hashim obtained a
    no-cut, no-bid contract to supply the coal to the Edison/GE
    Paiton power plant. According to State Department cables,
    Hashim's no-bid contract was characterized the "Achilles Heel" of
    the power plant, forcing the Paiton plant to sell electricity at
    a huge loss.

    In the end, the Suharto corruption quietly killed the $50 million
    financing and the Asian Development Bank refused to make the
    instant loan to Suharto's daughter. Lippo partner Edison Mission
    Energy convinced the Clinton administration to financially back
    the project. In 1995, the Brown led Commerce Department found
    financing for the power plant through the U.S. taxpayer.

    In April 1995, The Export-Import Bank of Japan, the Export-Import
    Bank of the United States, the Overseas Private Investment
    Corporation ("OPIC") of the United States, and eight commercial
    banks provided $1.82 billion in limited recourse project debt to
    Edison's Paiton project. According to State Department cable's,
    the financial support by OPIC was not without risk.

    "OPIC's (Overseas Private Investment Corporation) combined
    exposure in Indonesia is close to USD 1 billion, or 5 percent of
    OPIC's global exposure, all in the electric power sector. As
    such, resolution of potential insurance claims and/or actions
    could result in 'an adverse material impact' on OPIC finances,"
    notes the cable from the U.S. Ambassador to Indonesia.

    Despite being faced with a possible bailout due to huge losses,
    OPIC continued to back power deals inside Indonesia. The
    Commerce documents note that during the Clinton years, Indonesian
    dictator Suharto contracted for 26 U.S. taxpayer sponsored power
    projects while his impoverished nation could afford only one such
    plant.

    According to State Department documents, Unocal, Calenergy and El
    Paso Energy were all subject to "corruption, collusion and
    nepotism" in several other billion dollar power plant deals with
    the Suharto government. One State Department cable included an
    entire section titled "Dealing with unwanted partners".

    "Unocal executives told resources officer that the firm is close
    to reaching a deal with its partner, PT Nusamba (controlled by
    former President Soeharto crony Bob Hasan) to sever ties in two
    production sharing contracts (PSC) in East Kalimantan and East
    Java," notes another State Department cable.

    "According to Unocal, Nusamba put USD 20 million into Gunung
    Salak, and it would be difficult, due to the financial
    structuring of the deal, to undo the partnership."

    The U.S. government documents show that from the gas pump to the
    electric outlet, every global consumer pays for corruption inside
    the energy industry. The state Indonesian Power Company PLN
    estimated that it lost over $18 billion in total from Suharto
    corruption inside power plant contracts.

    For example, in April 1996 U.S. Ambassador Barry wrote, "Java
    Power Company has obtained a USD 1.7 billion financing package
    for its 2 X 610 coal fired Paiton Swasta II power plant."

    "Java Power Company is 50 percent owned by Siemens Power, 35
    percent Powergen PLC of the UK and 15 percent by PT Bumiperitwi
    Tatapradipta. The latter is a subsidiary of the Bimantara Group
    controlled by Bambang Trihatmodjo, President Soeharto's second
    son," wrote Barry.

    How much "corruption, collusion and nepotism" remains hidden
    inside the U.S. energy bill may never be known. Even the largest
    energy producers, such as Exxon were not above paying off
    Suharto. According to documents found in John Huang's office,
    Exxon's $34 billion dollar Natuna sea gas deal with Indonesia was
    laced with "first family involvement". A 2001 Freedom of
    Information response from the U.S. Commerce Department noted that
    the exact amount of money that Exxon paid to the Suharto regime
    must remain secret.

    In 1996 President Clinton issued an executive order creating the
    1.7 million-acre Grand Staircase-Escalante National Monument in
    Utah, rendering the "low sulfur" coal deposit off limits for
    commercial mining. The move, for all practical purposes, gave
    Beijing control of the world's only sulfur free coal through its
    Lippo Group partner.

    In 1999 the Edison Paiton project was declared illegal using many
    of the documents discovered and cited in this article. Today, the
    Paiton electric power plant is silent, closed after an audit
    revealed $280 million missing. Indonesia cannot afford and does
    not need the coal fired electric power plant in east Java.

    America too is suffering. The California taxpayer is being asked
    to bail out some of the very same energy companies that also paid
    billions in illegal deals to the corrupt Suharto regime. The
    U.S. consumer is also stuck, paying staggering bills for electric
    power, while stockholders suffer losses in the faltering energy
    companies.

    In 1999, John Huang pled guilty to Federal charges of making
    illegal political contributions to the Clinton/Gore campaign.
    John Huang took the Fifth Amendment more than two thousand times
    when asked by Larry Klayman of Judicial Watch if he had ties to
    Chinese intelligence.

    The son of Lippo founder Moctar Riady, James Riady also recently
    pled guilty for passing illegal donations to the Clinton/Gore
    political campaigns. Riady's plea, however, is pending approval
    by the new Attorney General. Riady's plea includes the promise
    to tell all.

    In the 1990s, agents working for the communist Chinese MID or
    Military Intelligence Department penetrated the American White
    House at the highest level. China Resources investments in Lippo
    grew during the course of the Clinton administration, coinciding
    directly with the illegal six-figure Lippo contributions to
    Clinton's cash machine. The money lines between Beijing and Bill
    Clinton all meet at an unused electric power plant in east Java.

    The Clinton power bill has come due.


    FOIA Documents - (MUST SEE)
    http://www.softwar.net/lippo.html
    ===================================================================

    [WHO WACO] Justice Department investigation should target UT
    http://www.apfn.org/apfn/whowaco.htm

    As best as I can find it was Bernard Rapoport who sells all
    the life insurance to Teamsters Union members and is of
    course connected to the Chicago Mafia, Dan
    Rostenkowski, Hillary Clinton, Hubbell, Dan Lasater,
    Mochtar Riady, John Huang, the Chinese Communist and
    the whole Opium-China-CIA connection going back I guess
    to the Boxer rebellion.
    [snip]
    http://www.konformist.com/vault/wacodrug.htm 

    Charles R. Smith

Mr. Greenspan, you are busted.

(Tom Adkins) (01-Feb-01 23:44:27)

 

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