Quattuordecillion in Secrert Sovereign Wealth Funds?

I was still trying to conceptualize $1 trillion when I came across the concept of $1 "quattuordecillion" - that's one, followed by 45 zeros:  $1,000,000,000,000,000,000,000,000,000,000,000,000,000,000! Enough money to buy a gold cube the size of the orbit of Saturn!  Now, I don't know about you, but I was never taught to count that high. In fact, to be honest, I never knew such a word existed; let alone, the idea of that much wealth.  So, one has to ask: who possesses this unbelievable accumulation of wealth?  If in fact, it exists. Well, who do you think? That infinitesimally small group of people who possess and control everything else: the global elite. Of course, they have done everything in their power to keep this a big secret, including a launching a disinformation campaign on the Internet that includes all the big players: Wikipedia, Google, etc.

The global GDP is reported to be $55 trillion annually, but you see governments maintain two sets of accounting books. One which is displayed to the public which contains official data issued by the government, and another secretive version which is used between sovereign entities. It is this secretive ledger that contains both the collateral accounts and Saint Germain's Foundation Divine and World Trust

Okay, for those of you who do not equate deep research with conspiracy fruitcakes, a little history:

In 1875 the wealth and assets of the royal families and nations held under colonial rule were centralized into one combined account to be used to the benefit of all nations. Then in 1921 the Royal Families and nations that owned the wealth in the Collateral Accounts agreed to establish the Trilateral Trillenium Tripartite Gold Commission to house and oversee these combined funds that contain deliverable precious metals and currencies worth upwards of one quattuordecillion dollars.  The  Combined International Collateral Accounts of the Global Debt Facility, contains within its ledger, the World Trust which is now worth $1 quatrodecillion dollars

From 1944/5 - 1994/5 The Trilateral Trillenium Tripartite Gold Commission (TTTGC) was organized and implemented, by the Nations of the World, with a Term period of 50 years. During this term period the Commission held the Mandate, Rights and Authorities over The Combined International Collateral Accounts of the Global Debt Facility. Following the expiry of the 50 year term, the Nations of the World, disappointed with the biased way The Combined International Collateral Accounts had been utilised within the 50 years, agreed not to extend the term of the TTTGC, but instead appointed a single independent person to the position of International Treasury Controller with full rights, authority, and legal ownership of the Combined International Collateral Accounts.

Extensions of this agreement were expanded through international treaties, some of which are still classified as top secret, including:

Jekyll Island Treaty (1910)
The London Treaty (1920)
The Second Plan of the Experts (1929)
The Hague Agreement (1930)
The Far East Combined Depositories Agreement (1932 1945)
The Bretton Woods Agreement (1944)
The B.I.S. / Allies Agreement (1948)
The Green Hilton Agreement (1963)
The Schweitzer Conventions (1968)
The Election / Appointment of Sole Arbiter Agreements (1995)
The Washington Panel (1998)
The Treaty for Respecting the Rights (2003)

These treaties were ratified by the sovereign nations of the world.. Proof of such is recorded in every nations charter of the U.N. The USA charter is based on the constitution and thus subject to constitutional law. Only Kings/Queens, Presidents, Prime Ministers, and in some cases Minsters of Finance or Foreign Affairs are granted access to these accounts. Verification is undertaken through a specific office under specific protocols dictated by the Head Office of the United Nations.

To curtail - or possibly, escalate illegal activities -  in 1995, the Trillenium Trilateral Tripartite Commission was stripped of its power and placed under the control of the International Treasury Controller and the Office of International Treasury Control, at the United Nations. Additionally, they now have jurisdiction over the IMF, World Bank, and the Bank of International Settlements which are all part of the Collateral Accounts. Despite this; the IMF, World Bank, and BIS continue to use the assets illegally for their own financing without giving any thought to the needs of the people of the world.

A controversial whistle blower has said that the US did not like that result and so the US, UK and France and their allies have continued to act as rogue nations attempting to keep stolen assets (and seeking to steal more) from the Collateral Accounts. These nations are, supposedly, covertly hindering the work of the OITC; hiding behind the secrecy provisions in the various treaties that established the OITC, as they seek to limit and even destroy the OITC's global wealth creation initiatives. He has also claimed that some of the assets were deposited at Ft. Hood, in an underground facility.

Who, in particular, is in charge of all this wealth? The Office of International Treasury Control?  Well, a man named Dr. Ray C. Dam is currently Chairman of this little known office.  Dam was appointed by the nations of the world as International Treasury Controller, Legal Decadency to Heir, Sole Arbiter, Owner and Controller of all Combined International Collateral Accounts of the Global Debt Facility, under International Legal Transfer Record RCD1088.   However, Dr. Ray C. Dam is a person, but His Excellency Dr. Ray C. Dam is a certified and indemnified international Central Banking financial institution operating as The Office of International Treasury Control.

The Assets of the Combined International Collateral Accounts are in constant use, assisting to finance countries and such organisations, either in part or full, as the International Monetary Fund, The World Bank, The International Finance Corporation, International Development Banks, United Nations, and additionally under-pinning the US Dollar as the World’s Reserve Currency.

George Freund posted the documents "purporting the sovereign wealth of those who claim to be sovereign".  And below you will find a letter that has been verified as being issued by Russell L. Munk, International Division, US Treasury, General Counsel, International Department, US Treasury, Washington D.C. 20220, USA, as of the date of the letter.
Now, for the important part. How do these funds reach you and me? Oh, I didn't tell you. These prosperity funds were created, in part, for the common man; although, we're at the bottom of the heap, because they must first travel down through 30.000 different trust funds beginning with the World Trust, at the highest level, under the world court.

• Level one: Saint Germain's Foundation Divine and World Trust
• Level two: 180 Royal Trusts. Examples include the French Trust, Russian Trust, Vatican Trust
• Level Three: Illuminati Family Trusts. Examples include Warburg Trust, Rothschilds Trust Rockefeller Trust
• Level Four: 250+ Corporate Trusts including GE, Lockheed, and at&t
• Level Five: Prosperity Program Trusts and 72 Bank Roll Programs managed by the IMF under the guidance of Saint Germain Bank roll programs include Bergavine, Omega and Freedom

The funds travel through each level they must be signed off by 4-5 trustees per trust

Starting at 38:40, the video below explains the collateral accounts

Ecclesiastes 6:2 A man to whom God hath given riches, wealth, and honour, so that he wanteth nothing for his soul of all that he desireth, yet God giveth him not power to eat thereof, but a stranger eateth it: this is vanity, and it is an evil disease.

Related Links:

Global Settlement Foundation: Finality of Settlement

Finality of Settlement Part II
Green Hilton Agreement 

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What Do North Dakota and Libya Have in Common?

We have a confused understanding of the federal money system because we base it on what we know about our own personal bank account, and we were never taught that the federal system does not operate in the same way. If you look at a chart of historical national debt and compare it to a chart of national money supply, they're the same. They both go up at the same rate. Why? Because the federal debt IS our money supply. Our money is credit and debt.

The federal government can initiate the supply of money by writing checks (debits in fed acct) that directly jumpstarts our economy. When the government writes checks to its employees, for real goods and services, that shows up as credits in real people's accounts that they, in turn, spend into the economy. The federal government can also write checks for infrastructure, which shows up as credits in commercial accounts, and creates jobs, thus creating credits in real people's accounts that they can spend into the economy.

States can create their own credit, as well. North Dakota is the only state that escaped the credit crisis. They own their own bank, which partners with the local banks and keeps credit moving within the state. So, why aren't all 50 states taking control of their money supply in the same way? Well, this would greatly threaten the international banking cartel (ibc). And, when you threaten the ibc, you end up like Libya, who had the nerve to create their own central bank that issues the money and issues credit for the nation's infrastructure, interest free; therefore, they had the lowest debt to GDP ration in the world.

However, unlike the political leaders in North Dakota, Khadaffi was trying to mobilize all of the African countries to follow his lead, while setting up an African monetary fund that would compete with the International Monetary Fund.

So, yes, we have the money to do anything we want to do. That's what money is: the credit of the nation, and the nation can advance the credit for what it needs to do.

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President Obama: Man of the People? Captive of the Ruling Elite? Political Genius? Or All Three?

After President Bush tripled the size of federal government, shredded the Constitution, our civil liberties, our global reputation, and millions of lives, worldwide, Americans finally had enough.

Then, seemingly out of nowhere, Barack Obama, almost a messiah-like figure, emerged on the scene, and surprisingly, without too much trouble from the GOP, won the election. It seemed too good to be true.

On the one hand, the wars continue, the secrecy continues, the lies continue, the torture continues, Wall Street continues to triumph, the rich continue to get richer... and now President Obama gave into the GOP's blatant terror tactics and agreed to extend the Bush-era tax cuts for two more years. Why? In order to prevent the GOP from forcing a tax increase on all income levels and to keep them from preventing the extension of jobless benefits. So, even though the deal still has to be approved by the House and Senate, President Obama gave into the little terrorists despite the fact that 60% of Americans do not want tax cuts extended for those making over $250,000 per year.

However, on the other hand, what if President Obama decided to fight the GOP?  More than likely, he would not have won the concessions from the GOP that are extraordinarily important to the people suffering right now.

As part of the deal, expiring unemployment benefits for millions of Americans will be extended for 13 months. Just as importantly, there is now a real prospect that the Senate will act on repeal of the "Don't Ask, Don't Tell" policy and ratification of the START treaty before this month's lame duck session ends.
[...]
There's also a longer term calculation at work. Note that the deal also includes a reduction in the Social Security payroll tax and an expansion of the earned income tax credit and the college tuition tax credit. This is on top of the extension in unemployment benefits. These measures have one thing in common: They are stimulative in nature. (So, for that matter, is the fact that middle class Americans won't face a tax hike -- something that would have happened had Obama balked at the deal and played a long-term game of chicken with the GOP).

Below Senator Al Franken gives a great speech.  During the speech he said that the IRS published a study analyzing the tax returns of the wealthiest 400 Americans. As their "income rose an average of $81 million -- in a single year", they paid an average effective tax rate of little over 16%.

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Power of the Purse: How the Wealth of the World Remains in the Hands of the Few.

"When the government fears the people, there is freedom. When the people fear the government, there is tyranny." - Thomas Jefferson

The Power of the Purse Volume 1 Part 1




The Power of the Purse Volume 1 Part 2

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Tired of the Status Quo. Tim Geithner Must Go.

Well over a year after the federal government weighed in with trillions of dollars to "rescue" our economy from the financial crisis, nothing has really changed. If anything, the issues that helped to collapse the economy are bigger than ever, and the only people prospering right now are the same people who caused this catastrophe, while the rest of us continue to suffer from their actions. We can no longer afford to let tax-dodging, Goldman Sachs/Wall Street insiders (the predator class) to take the financial helm and drive this country and world into another disaster, possibly much worse than September 2008.

It's time for Tim Geithner to go. He was still president of the New York Fed in the fall of 2008 when it rescued AIG with public money (now totaling $180 billion) and the facts are starting to catch up with him now, and those facts seriously raise doubts about his competence and his public integrity.

Perhaps the most explosive revelation is that Geithner's subordinates at the New York Fed instructed AIG executives to evade securities law and conceal from the public the $62 billion the insurance company paid out on contracts with the largest investment houses and banks. AIG was already bankrupt and 80 percent owned by the government, kept afloat solely with the billions being injected by the central bank. Yet the Fed told the company to pay off the bankers at full value—100 percent on the dollar—without negotiating a better deal for the public. The bankers would not have collected a dime if the government hadn't come to the rescue.

The Fed, other words, gave the largest, most prestigious banks a very sweet deal—much sweeter than anything the banks or the federal government will offer to homeowners facing mortgage foreclosure. The central bank, in effect, was operating a backdoor bank bailout that nobody could see. The public billions devoted to AIG went in one door at the insurance company and came out another door to the private banks. Goldman Sachs alone collected $13 billion.

Failure to disclose is a big no-no in corporate finance. People can go to jail if they willfully withhold material information from shareholders and the Securities and Exchange Commission (SEC), or they may be sued for investor fraud. Yet that is what the New York Fed told AIG to do. The company officers wanted to report fully to the SEC. Their Fed overseers told them to take out the disclosure out of their report to the SEC (the facts were ultimately not disclosed until five months later). The Fed, remember, is the government's principal banking regulator. It is supposed to enforce the laws, not tell regulated firms to break them.

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Distressed and Underserved Community

The majority of all bankruptcies are the result of medical bills according Medical Bankruptcy in the United States, 2007: Results of a National Study. . That's 20% higher than results indicated in 2001.

Of those who filed for bankruptcy in 2007, nearly 80 percent had health insurance. Respondents with insurance reported average expenses of just under $18,000. Respondents without insurance had average medical bills of nearly $27,000.

Since 2007, the number of Americans without insurance has increased and filing for bankruptcy has become more difficult due to more stringent laws, according to the report.

Using a conservative definition, 62.1% of all bankruptcies in 2007 were medical; 92% of these medical debtors had medical debts over $5000, or 10% of pretax family income. The rest met criteria for medical bankruptcy because they had lost significant income due to illness or mortgaged a home to pay medical bills. Most medical debtors were well educated, owned homes, and had middle-class occupations. Three quarters had health insurance. Using identical definitions in 2001 and 2007, the share of bankruptcies attributable to medical problems rose by 49.6%. In logistic regression analysis controlling for demographic factors, the odds that a bankruptcy had a medical cause was 2.38-fold higher in 2007 than in 2001.

In addition, the Federal Reserve released the 2009 List of Middle-Income Nonmetropolitan Distressed or Underserved Geographies, in which revitalization or stabilization activities will receive Community Reinvestment Act consideration as “community development.” The designations reflect local economic conditions, including such triggers as unemployment, poverty, and population changes.

Federal Financial Institutions Examination Council (FFIEC): The criteria used to designate these areas can be found here.

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Public Private Partnership Program Scheme

Will taxpayers end up owning even more of these troubled assets, thanks to the Public-Private Partnership Program introduced by Treasury Secretary Timothy Geithner?

This program intends to give out loans with very easy terms to hedge funds in order to encourage them to buy up toxic assets from banks. The addition of private investors will undoubtedly inflate the price of these assets well above the market price. Why can't we figure out the true cost of these toxic assets and pay the price? Could it be because the true price is not high enough for the almighty banks? This is just another attempt to subsidize the banks at the taxpayers expense.

How come the government forces out the CEO of General Motors, yet has no problem with the CEO of Citigroup? Why don't we treat the banks like we treat the auto makers?

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As the Corporate Bread Line Turns.

AIG, who received more than $152 billion from American taxpayers, is handing out more cash rewards, that serve to double or triple the salaries of some senior executives. Did I say cash rewards? My mistake. AIG refers to these bonuses as retention payouts. This "retention" program will pay out as much as $4 million to 38 managers.

Retention? Where are these people going? Haven't they heard? Thanks to them, the economy is in rapid free-fall. And, if they do decide to leave...who cares? What did they achieve?

The "Cockroach Theory" certainly applies to AIG. We still can't see the extent of the "infestation" for all the solid walls still standing...a fresh $10 billion in losses just found. In other words, retaining inefficient, greedy and exploitative employees at our expense should not be tolerated, but it is.

"The gibberish about needing to pay that much just to keep superstars from fleeing to private-equity firms or hedge funds is just another Wall Street myth. The truth is most of them are lucky to have a job at all and they know it." - William D. Cohan

Merrill Lynch’s chief executive requested a $10 million bonus this year for all the hard work he had to do putting "Humpty Dumpty" back together. However, it appears CEO, John Thain may not get his wish, as well as many other Merrill execs.

Morgan Stanley is getting tough. They are attaching strings by imposing claw-back provisions to the bonuses they will eventually pay out, but they will be paid out.

The collective liability clause honored by partners was replaced with a system where bankers and traders were encouraged to take short-term risks with shareholders’ money. Gone, too was the idea of being held responsible for your actions (short of outright fraud). Managers at publicly traded banks constantly exhorted their traders to do bigger and bigger deals and to take increasing amounts of risk, and then rewarded them with millions of dollars in compensation — money that belonged to shareholders. Reputations were made not by turning down imprudent business but by seeing how much business could be done. - William D. Cohan

The same lack of oversight issues remain, as the Treasury has yet to do anything about it further enabling the corporate breadline.

Executive Paywatch Database

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Holy Economic Plunder, Batman!

Hopefully President Barack Obama brings his bat cape, mobile and...oh yeah, Robin. Looks like he's going to need it because it appears we are under siege.

Was Paulson's "the sky is falling" reaction in September really an attempt to win the Academy Award for best actor in a real life drama? Sure seems that way.

President Bush and Mr. Paulson's calculated move to make "sweeping changes to two decades of tax policy" which "escaped the notice of lawmakers for several days, as they remained consumed with the controversial bailout bill" was not the act of panic stricken people trying to save the economy....that's for sure.

It's looking more and more like Paulson and Bush deliberately planned to send the economy plunging into the nearest iceberg, leaving we the people, to go down with the ship. (Remember all the people locked away in the hollow, lowermost portion of a ship, floating partially submerged and supporting the remainder of the Titanic - oh yeah, I think that's called the hull - that's us.)

"They basically repealed a 22-year-old law that Congress passed as a backdoor way of providing aid to banks." -- George K. Yin, the former chief of staff of the Joint Committee on Taxation, the nonpartisan congressional authority on taxes.

Keep in mind it is the job of leadership to qwell the panic, not create it, as Paulson did when addressing the American public, practically foaming at the mouth, telling us we must ACT NOW...right now, or ELSE! And then, he and his cohorts disappear into the "Riddle Factory" for a couple of days and present us with three pages stating that he must take over the world in order to save it.

In addition, keep in mind, there were warnings galore from the very highest levels of government, from non-profit organizations such as NACA Neighborhood Assistance Corporation of America and from so many others like John Bogle, Daniel Schecter, Jared Bernstein, Naomi Klein, -- and speaking of icebergs, the names I just mentioned are only the tip.

No use, Joker! I knew you'd employ your sneezing powder, so I took an Anti-Allergy Pill! Instead of a SNEEZE, I've caught YOU, COLD! - Batman

Robin: "How about rushing the place, Batman?"
Batman: "Shh. I think not, Robin. All they've done so far is stolen a few items, attempted to kill you, me, and Batgirl. No, I think they plan something really big."

Obama better take his allergy meds!

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Much Being Hidden from Public - Treasury Conference Call

From coyote of the Democratic Underground:

Treasury Conference Call

Various readers wrote us, and it was confirmed by a detailed report on the call at DealBreaker, that the Treasury Department held a conference call this evening for analysts on the bailout bill. A memo was evidently sent to SIFMA members; others may have been contacted by other means. But the report I got from one person who was on the call was the the questions came from financial services industry members. In other words, this was most assuredly not intended to be a call open to the public at large. If anyone from the media or other member of the great unwashed was listening in, it was by accident.

This is simply scandalous. To have a group of interested parties get a privileged briefing by government officials on a matter of keen public interest flies in the face of what a democracy is supposed to be about. The proper method would either be a published FAQ on the Treasury website or a briefing with the media included. But why should I be surprised? Favoritism has been a staple of the Bush Administration.

Update 12:30 AM: Have queued up recording of conference call but not yet listened to it. But reader and sometime contributor Lune provides a useful take. Hoisted from comments:

1) If even the Treasury is saying tranching is a formality, then it really is nothing. Not sure why Dems fought so hard for a fig leaf.

2) Waiting a couple of weeks because no one has any idea when or where the next bomb will blow up. In other words, all their doomsday scenarios about Black Monday were B.S. They screamed the check had to be written by Monday, but now they're saying they actually have a few weeks before they need to cash it. Plus, this will allow them to "seek guidance" from GS, JPM, and other selfless public servants about where the money should be funneled.

From conference call:

Q: Guy Moszkowski, Merrill Lynch: Is your goal with the pricing mechanism to inject as much liquidity and capital or is it to force recognition of losses and consolidation so we can see who will survive and who will die.
A: Hard to say either of those extremes. It's a balancing act.

Q: Mike Holt, Boston Company: when will the treasury start purchasing these assets? Wednesday? A couple weeks?
A: A few weeks, several weeks, once Congress passes bill
Q: But some people will fail before that?
A: We understand.

Q: Didn't catch the name, Davis Polk: When you decide to buy non,residential/commercial assets, do you have to ask for approval?
A: No, just consult with fed chair and send a note to congress

Q: Jeff, didn't catch firm name: Is there any way to ensure the purchased dollars are actually re-lent back into the system? will that be mandated?
A: No provision for that
Q: Can you add that?
A: We're always open and considering.

From Michael Moore: The Rich Are Staging A Coup This Morning (Swiping The Silverware On Way Out The Door)

More from Naked Capitalism.

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Why Lower Annual Purchase Limit For Savings Bonds to $5000?

To funnel more money toward Wall Street, perhaps?

Purchasing United States Savings Bonds offer many advantages to investors who want to avoid the cost of investing. Aside from lack of commission upon purchase or redemption, other advantages of purchasing EE bonds include:

Full backing of the government,

Deferell of interest income tax.

Exemption of interest income from city or state income taxes.

They can be bought from most financial institutions, including TreasuryDirect.

I Bonds, unlike other bond funds are inflation-indexed savings bonds and are adjusted semiannually so as to keep up with inflation and protect the purchasing power of your money.

I Bonds are also backed by the full faith and credit of the U.S. government, require no commission upon purchase or redemption, can be purchased at most financial institutions and their earnings are exempt from state and local taxes, can be tax-free if used for post-secondary education expenses and can be deferred for up to 30 years.

They are sold in denominations, ranging from $50 to $10,000, that is until January 1, 2008 when the $10,000 I Bond will no longer be available.

Effective 2008, an individual can purchase the $5,000 annual limit in both electronic EE and I bonds at TreasuryDirect and in both paper EE and I bonds for a total investment of $20,000.

Those who advocate for limiting how much an individual can spend on US savings bonds say this move can only make our economy stronger. However, in an age where the average CEO earns approximately $14.7 million per year, versus $29,544 for the average worker, it is just as important to consider who is benefitting from the "strong" economy. Limiting the average American's already limited investment opportunities is just another attempt to increase the wealth gap.

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