Reality Returns to the Crazed, the Greedy and theInsane ....

Merlin wrote:... as £ 75 Billion gets wiped off the London Stock Exchange ...
with Crude Oil and similar commodities falling by 10 percent
over the past 24 hours.
More falls yet to come ....

But, with all the falling prices, will this mean cheaper petrol??

Will it bo!!*cks.

*Buckaroo* wrote:this is a very important topic and expect me to shortly follow this up in the New World Order thread .. exposing the real shenanigans behind this sordid drama.

Some of the nations where the funds are parked in non-G7 currencies literally do not have the liquidity to cough up the money without crashing their own nation and banks. That is where I came into this matter with a plan to convert to gold bullion to stabilize those banking systems and then focus on the dollar problem and complying with the U.S. District Court order in the matter of Ambassador Leo Wanta v. United States government.

In the meantime, it has of course been universally noticed that the international financial markets have been more than usually volatile since 10th May 2006. This volatility has had almost nothing to do with the spurious explanations typically retailed by ill-informed financial journalists working for the mainstream newspapers.

It has everything, however, to do with liquidity problems facing the banks, which have been, and continue to be, called upon to make available ­ in short order ­ colossal volumes of funds from their off-balance sheet books which they never expected to have to account for. Liquidity constraints typically reflect the fact that funds are in the wrong place, have been cross-collateralised and so cannot be released, or do not in fact exist.

It must have been hard for the banks to have been obliged to face up to the fact that the Trustor's funds are having to be replenished, replaced, and repatriated.

MARKET DISTURBANCES REFLECTED TRANSFER OF THE $4.5 TRILLION

Under the Wanta Plan, $4.5 trillion of off-balance sheet offshore funds were transferred to the United States in May and June, so as to fulfil the obligations entered into last December. This represents just a fraction of the aggregate value of the so-called 'Global Security Fund', consisting of off-balance sheet USG funds originally worth $27.5 trillion raised from 200+ international banks to finance the 'management' of the 'post-Cold War' environment.

The accumulated value of these funds, held offshore in bank accounts linked to Title 18, Section 6 US Government intelligence corporations established under President Reagan's Executive Order 12333, is now believed to exceed $70 trillion. The original $27.5 trillion was raised from the 200+ banks at a deep discount for 20 years at 7.5% per annum.

However the Trustor has made it plain that he will be left with no option but to collect the aggregate $70 trillion if the long-delayed Wanta Plan is not implemented by close of business on Monday 31st July 2006. Given that the Federal Reserve, which is simply a clearing house, cannot now be trusted to release funds, the resulting USG accruals may have to be stored temporarily offshore until the tensions between the US Treasury and the Federal Reserve, which have come into the open as a result of this crisis, have been resolved - or the Fed has been nationalised, as most knowledgeable observers now consider to be essential.

Following the rumbling international financial market disturbances induced by liquidity shortages arising from the remittance of the trillions of US dollars required for implementation of The Wanta Plan in May and June - ­factors of which the 'mainstream' media remained curiously ignorant - ­the funds were consolidated and then transferred to an account earmarked for Leo Wanta at the Richmond institution. However, as indicated, they have not been released for use by Leo Wanta's corporation, which owns the funds, AmeriTrust Group, Inc. The corporation is ready, and all the necessary formal documentation and procedures have long since been set up with the Treasury and other parties, for the daily transactions to begin, in line with last December's agreement.

After it had been confirmed on 17th July that the Federal Reserve was
holding up consummation of the deal, the Editor of International Currency
Review, who has a responsibility to report accurately to the international
financial community, emailed the Board of Governors of the Federal Reserve, as follows:

'I have been informed that The Wanta Plan, a.k.a. the Settlement with
Leo Wanta worth $4.5 trillion, agreed with the US Treasury and involving
substantial continuing taxation remittances to the US Treasury including
a prepayment amount equivalent to 35% of the principal (i.e. $1.6 trillion,
viz. $1,575,000,000,000), and $270,000,000,000 by way of 6% tax payable to the State of Virginia, may be being held up by the Federal Reserve.

The funds have been repatriated and are known to be available now at a
certain US institution. Would you please confirm to me that the situation is
as described above, and if so, would you please provide me with the Board¹s explanation for this apparent interference with the agreement reached with the US Treasury, and for the Board¹s stance concerning this matter? If the position is not as described, would you kindly provide me with a statement as to the Board's position concerning this matter, so that we may inform our international financial community subscribers accordingly? Thank you for your urgent attention to this enquiry. Christopher Story FRSA, Editor and Publisher, International Currency Review, World Reports Limited, London

Office: cstory@worldreports.org'.

In the meantime, it has of course been universally noticed that the international financial markets have been more than usually volatile since 10th May 2006. This volatility has had almost nothing to do with the spurious explanations typically retailed by ill-informed financial journalists working for the mainstream newspapers.

Merlin wrote:Disagree TO ... I'd continue to sell .... certainly on oil related markets ... until such time as a supply/demand balance is reached. Right now, supply outstrips demand - and the sub prime is shot to sh*t with little chance of immediate recovery.

In this volatile market, our learned Govt. leaders (who know fark all about finances) seek to spen £50 billion of tax payers money to slavage the lost cause that is Northern Rock - a mismanaged and greedy bank that sought a quick fix in the US mortgage market.

(Edited for Bad spelling - apologies tails!)

Merlin wrote:Buck - FFS don't fark up the thread with your singular and outlandish rantings, you to$$er.

The One wrote:

Merlin wrote:Disagree TO ... I'd continue to sell .... certainly on oil related markets ... until such time as a supply/demand balance is reached. Right now, supply outstrips demand - and the sub prime is shot to sh*t with little chance of immediate recovery.

In this volatile market, our learned Govt. leaders (who know fark all about finances) seek to spen £50 billion of tax payers money to slavage the lost cause that is Northern Rock - a mismanaged and greedy bank that sought a quick fix in the US mortgage market.

(Edited for Bad spelling - apologies tails!)

i dont know much about the uk market and the economy fundamentals, but i would certainly advise buying on the bombay stock exchange after a week or so. the economy is growing fast and after the bloodshed of the last few days the stocks are attractively valued. high interest rates and a strong rupee make it quite worthwhile

of course this is for the long-term buyer (3-5 years). believe me, invest now and you will at least double your money in 3 years

Merlin wrote:If you happened to have been included in that £75 billion wipe out on the LSE, then yesterday would be your answer!

noelene wrote:Don't they say when America's economy sneezes the world coughs?America is sneezing,and may well be coughing soon.I see bad times ahead.

Merlin wrote:PMSL ...

Bleedin' Mel Gibson saves the world ................ yet again!
Braveheart, eat yer heart out ... Mad Max rules !!

Batfink Begins wrote:

Merlin wrote:PMSL ...

Bleedin' Mel Gibson saves the world ................ yet again!
Braveheart, eat yer heart out ... Mad Max rules !!

Damn well does. He's an advert for the future, as brought to you by Miller & Buckeroooooo...