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UK Govt offered bailout by shadowy ' Foundation X '

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UK Govt offered bailout by shadowy ' Foundation X '

According to Lord James, as cited by Hansard

==================================

 

You may already have seen this, but it seems very interesting and has more credibility than the usual Bilderberg/Illuminati nonsense.

 

http://www.antipope.org/charlie/blog-stati...y-theories.html

 

Added by DrBubb: is it possible...?

Have we finally seen the Illuminati revealing itself ? - (see post #29)

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Link to here: http://tinyurl.com/foundX

 

THERE's MORE GOLD than you think on this planet ...

 

(see link)

 

WHAT IF... the real figure is 5x to 10x the "145,000 tonnes of gold" estimate ?

 

Would that matter to the price?

 

LINK: http://www.greenenergyinvestors.com/index....showtopic=11767

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the X-foundation FILES...

 

From the Fringe thread

THE TRUTH?

Press commentary about Foundation X - This is from the Guardian

==============================================

 

The strange case of Lord James and 'Foundation X'

Lord James has claimed a mysterious gold bullion-backed company wants to invest £5bn in the UK – so what's the catch?

 

James claims he was asked by a leading FSA regulated institution to investigate a mysterious organisation that wanted to invest substantial sums into the UK's economic reconstruction.

. . .

After all, not only have members of Foundation X met with the leader of the House of Lords, the Treasury minister, Lord Sassoon, confirmed that he has been in "detailed discussions" on this subject with James, adding that the government "take seriously anyone who wants to invest in our economy".

 

So what on earth is going on? One thing is for sure.

 

The truth is out there.

more:

+ Foundation X has “megabucks”.

 

He (Lord James) has “come to the absolute conclusion that foundation X is completely genuine and sincere and that it directly wishes to make the United Kingdom one of the principal points that it will use to disseminate its extraordinarily great wealth into the world at this present moment, as part of an attempt to seek the recovery of the global economy.”

 

The government — in the form of both the Bank of England and the Treasury — thinks that the whole thing is “rubbish”.

Foundation X’s people “expect to be contacted only by someone equal to head of state status or someone with an international security rating equal to the top six people in the world”.

 

They claim to have already deposited £5 billion in British banks — a claim Treasury says cannot be true.

 

They claim to have more than $7 trillion in gold bullion — more than the standard figure of 5.3 billion troy ounces of gold which has been mined in human history.

== == ==

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Some figures from that thread

 

TOP GOLD HOLDERS

============== .... : Gold mt (% Res) : Mn.Oz : x $1365

+ / Indian citizens........ : 13,000. ( -n/a-) : 261.5 : $356.9bn

Officially

1 / United States........ : 8,133.5 (78.3%) : 261.5 : $356.9bn

2 / Germany................ : 3,412.6 (69.5%) : 109.7 : $149.8bn

3 / Int'l Monetary Fund : 3,217.3 ( -n/a- ) : 103.4 : $141.2bn

 

Top 10 official holders : 24,258.2 ( -n/a- ) : 779.9 : $1,065bn

Top 11, with India...... : 37,258.2 ( -n/a- ) : 418.0 : $1,635bn

Official Total Gold........ : 160,000. ( -n/a- ) : 5,144 : $7,022bn

 

So... how does Foundation X "bailout Britain", with debts of almost $ 1,000 bn*

 

Might it have some amount of Gold ?

Why is it not on the above list? How many others have fallen thru the cracks?

Middle Eastern governments, the Vatican, private organisations... etc.

 

Official Total Gold........ : 160,000. ( -n/a- ) : 5,144 : $7,022bn

Add in:

Foundation X .............. : 160,000. ( -n/a- ) : 5,144 : $7,022bn

====

UnOfficial Total Gold.... : 320,000. ( -n/a- ): 10,300 : $14,000bn

 

Gold Holdings by country : http://www.usgold.com/world-gold-holdings/

 

From the Video

 

"They expected to be contacted by:

Head of state, or an international security equal to the top 6 in the world.

Lodged $5 billion with banks - gave amounts and dates...

Only one source for all the gold mined in the world : The National Geographic,

and everyone is quoting the same source...

 

The Vatican reserves are more than that. (?)"

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Speech can be seen here.

 

From: http://www.youtube.com/watch?v=QaA-5_IjkeE

 

come to the absolute conclusion that foundation X is completely genuine and sincere

 

I dont know where that above quote comes from but he doesn't say that in the video above does he? He says nothing has been proven but we must seek out the truth. Personally I think it sounds like total nonsense but will be interesting to see how this plays out.

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I dont know where that above quote comes from but he doesn't say that in the video above does he? He says nothing has been proven but we must seek out the truth. Personally I think it sounds like total nonsense but will be interesting to see how this plays out.

 

On the "other thread", I've questioned his stopping the IRA getting its hands on a £1billion because it just does not sit right. The IRA would never get that sort of money and often resorted to the tactics of organised crime to raise money. The IRA would be pretty miffed if what he is saying is true, good job they are not (as) active as in the past. At times he sounds a little Walter Mitty, but it is a strange speech to have made as he doesn't have a history of this.

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On the "other thread", I've questioned his stopping the IRA getting its hands on a £1billion because it just does not sit right. The IRA would never get that sort of money and often resorted to the tactics of organised crime to raise money. The IRA would be pretty miffed if what he is saying is true, good job they are not (as) active as in the past. At times he sounds a little Walter Mitty, but it is a strange speech to have made as he doesn't have a history of this.

 

 

Absolutely right. This man is a fantasist. The best explanation I can think of at the moment is that he is an unwitting participant in a well laid sting of some kind - perhaps to engineer a fall in gold.

 

When one considers that money is simply a means to account who is a debtor and who is in credit and a situation arises where the debtors have consumed but do not have the ability to repay, the whole situation is seen clearly - when the debtors cannot pay, the promises to pay (savings) are worthless. The only way out of the situation for the debtors (who do not have the ability to produce wealth) is to just print more paper promises.

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Absolutely right. This man is a fantasist. The best explanation I can think of at the moment is that he is an unwitting participant in a well laid sting of some kind - perhaps to engineer a fall in gold.

Maybe.

 

But I have heard from more than one source that there is far more Gold held in storage than

the 160,000 tonnes figure supplied by the National Geographic some years ago

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Maybe.

 

But I have heard from more than one credible source that there is far more Gold held in storage than

the 160,000 tonnes figure supplied by the National Geographic some years ago

 

 

Well, how can it possibly be known how much gold was mined in history? I have always assumed the 160 000 tonnes was just a guess by someone which managed to meme its way into being accepted as fact.

 

My instinct is that there is considerably less than that - and my guess is as good as any other.

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A little on Lord Sassoon.

 

"Lord James said he has been investigating this group for the last 20 weeks during which time he has consulted with Lord Sassoon, Commercial Secretary to the Treasury and who sits in the Cabinet and Lord Strathclyde who leads the Conservative party in the House of Lords. Lord James said that after this 20 week probe he is convinced that 'Foundation X' is 'absolutely genuine and sincere'."

 

Lord Sassoon roadshow to reassure Middle East investors as UK plans more gilts sales

 

18 Sep 2010

 

Lord Sassoon, the government minister is to lead an investor road-trip to the Middle East as Britain plans to sell more of its debt in the international market.

 

It is rare for a Government minister to be involved in such a trip, revealing the increasing importance of the Coalition successfully finding investors.

 

The Commercial Secretary to the Treasury will boost a delegation that includes Robert Stheeman, the head of the UK's Debt Management Office, and other Government officials, tasked with explaining the case for buying gilts.

 

Lord Sassoon told The Sunday Telegraph: "Ministers usually go abroad to talk to investors about trade relations or equity investments.

 

"Debt has not been an issue previously. But now we have this huge increase in debt burden, things have changed. Even though the outlook is favourable on gilts, I think it is right to pay investors the courtesy of seeing them face to face and listening to their concerns and understanding what they want."

 

The tour will last four days and take in ministers, investors and sovereign wealth funds in Saudi Arabia, Dubai, Abu Dhabi and Kuwait.

 

The delegation will explain the Coalition Government's new economic and fiscal policies and reassuring investors that the UK will not follow Greece and other European countries into a sovereign debt crisis.

 

One London-based sovereign debt specialist said: "There's a suspicion in the markets that the UK is teetering on the edge of a crisis. Clearly gilts have held up despite it all but this delegation is a good idea to cement investors' faith."

 

He added: "There's a huge amount of money looking to be deployed and the Government is right to tap into it for a more stable base."

 

http://www.telegraph.co.uk/finance/economi...ilts-sales.html

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Another strange story

Overdue Gold Debts to China

 

US Federal Reserve Board and UK Bank of England face last gasp January 2010 deadline to come up with deliverable gold to pay pressing overdue debts to China

 

In December 2009, in order to try to assemble the gold required, a senior Federal Reserve Board agent in Japan (referred to as Mr K) went to the Philippines with a high-status Japanese government delegation led by Hajime Ishii. The purpose of the visit was to cash $250 billion of 1930s vintage US government bonds which are backed by Chinese Imperial gold hidden in the Philippines. The gold hoard in the Philippines is very substantial, has more than one provenance, and is wrapped in a convoluted history shot through with calculated CIA disinformation.

 

One story has it that US agents, acting for the US government, stole Japan's gold. The hoard was hidden by the Japanese military in The Philippines during the period of Japanese power hegemony in the earlier years of the Second World War. The CIA was in charge of the depository financial arrangements with the banks, while the mafia was placed in charge of enforcing and protecting the physical delivery of the gold, on behalf of the CIA, to its smelter and other destinations. The entire operation was not only a criminal Financial Warfare offensive, but was officially recognised to be a covert criminal operation. Otherwise, overt law enforcement cadres would have been employed to guarantee and enforce the physical deliveries of the restolen gold, rather than organised crime.

 

A second, somewhat overlapping, story relates that the current US national bankruptcy, and its enormous historical debts to China, date back, in part, to the Mukden Incident in Manchuria on the 18th September 1931.The hidden financial result of this episode was that the US Federal Reserve did a deal with the Manchu Chinese Emperor, Pu-yi. In order to avoid looting by the invading Japanese forces, the Fed took away the gold, precious metals and gems content of the Chinese Royal Treasury in Manchuria and leased those contents for seventy years. Some of the treasure was stored in The Philippines.

 

In return, the Chinese Emperor received US Federal Reserve bonds, maturing in 2001, in sufficient quantity to guarantee the debt and to pay the accrued seventy-year interest. The terms of the lease required the Chinese Emperor's estate, at the end of seventy years, to exchange the bonds with interest coupons attached, to the Federal Reserve in exchange for the return of all the Emperor's gold and other treasure, plus the accrued interest, to be paid in gold, to his estate's custody.

 

The US, and its European controllers at The Crown Temple in London, assumed that with the passage of time, and in particular with the events of World War 2 and the 1949 Chinese Civil War, which resulted in the Communist takeover of all China except Taiwan (Formosa), the Manchu Chinese Emperor's estate had lapsed and the 70-year US lease with it.

 

This is not the case. The Chinese Emperor's estate is extant, organised, well-founded in international law and active. The Chinese Emperor's grandson resides and works in Taiwan, and several of the old Chinese families, including the Ming, who were allies and business associates of the Manchu Empire, still reside and conduct international business from within present-day Communist China. With the assistance of the carefully protected and little-known World Monetary Authority, the old Chinese interests are now foreclosing on the US.

 

Another account has it that the US CIA is a State within a State in the US, and has higher de facto authority than all elected US politicians put together, including the President. This state of affairs has persisted for decades, ever since the CIA collaborated with the US military to denude Japanese Emperor Hirohito’s Imperial Palace vaults and look after the treasure in The Philippines on behalf of the Japanese Imperial Princes. This was a process begun by US General Douglas Macarthur, who operated a joint bank account with Hirohito.

 

The origin of the CIA's pervasive power and massive covert funding derives from its custody of the gold and associated treasures which the Japanese originally stole from at least twelve different Asian countries during the years of the Great Japanese Empire between the Meiji Restoration in 1868 and the Japanese Second World War surrender in 1945. More background here (25.12.09), here (28.07.09) and here (08.04.09).

 

$250 billion of 1930s vintage US government bonds - gold was then $25 (or maybe $32.5 and ounce)

 

$250 bn then = $13.5 Trillion now - that's DOUBLE the 160,000 tonnes of "official" gold

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I can never believe anything like this. Maybe I'm too cynical.

 

Can't help thinking there is some mis-direction occuring. No idea where, how, what etc. Just comes across a bit fishy to me.

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I can never believe anything like this. Maybe I'm too cynical.

 

Can't help thinking there is some mis-direction occuring. No idea where, how, what etc. Just comes across a bit fishy to me.

 

Agreed. It has the feel of a Johnathan Creek plot line just before someone mysteriously dies in some highly unlikely manner. All the same I'd be happy to relieve anyone of 5 billion dollars. If someone wanted to give me money they'd need to get my account details or address to send the cheque. If someone wanted to give money to the government they could arrange (especially at the 5 billion dollar level) to pay more taxes by not taking advantage of tax breaks etc etc. Easiliy done, unless you wanted to take the credit for such a move in return for something else.

 

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Come on guys. Foundation X!!!............ More like the X Files.

 

Its a load of bull for sure. The guy is nuts or stupid.

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Lord! Is there really a £22bn slush fund?

 

By Quentin Letts .. 6th November 2010

 

The talk of the House of Lords this week has been a bizarre speech in which City troubleshooter Lord James claimed the Government is being offered ­£22 billion by a secretive ­organisation with a stash of gold bullion.

. . .

‘For want of a better name, I shall call it Foundation X.’

 

He claimed to have been ­introduced to Foundation X by the chairman of ‘an eminent City firm’.

Lord James made checks and believes Foundation X is ­‘completely genuine’.

He telephoned Lord Strathclyde one Sunday afternoon, disturbing him while he was on his lawn.

 

Lord Strathclyde told him to talk to the Governor of the Bank of England. The Governor told him to go to the Treasury. Lord James told peers that he had introduced Lord Strathclyde to ‘one of the senior executives from Foundation X’. The meeting was ‘not a great success’.

 

Talking to sources at Westminster, one hears doubts about the sanity of Lord James. This may be most unfair. I am told that he has been spotted round the Palace of Westminster in the company of a mysterious American.

Meanwhile, the Labour Party has submitted Freedom of ­ Information requests to find out more about the meetings held between ministers and ­‘Foundation X’.

 

Read more: http://www.dailymail.co.uk/debate/article-...l#ixzz14T88zQBs

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It's a hoax. OTIC or whatever they're called.

 

Blogger Hopi Sen suggested in a blog post on Wednesday that the mysterious organisation could be the "United Nations Office of International Treasury Control" (UNOITC), which claims to be a sovereign entity formed after the Second World War.

 

James told ZDNet UK that he had not been approached by the UNOITC, and that there were no links between Foundation X and UNOITC.

 

/see: http://www.zdnet.co.uk/blogs/security-bull...-scam-10020958/

 

I also heard from someone here in HK with "ties to the Thai Royal family", that there is no reality behind the facade of Ray C. Dam and OITC.

He does not believe that they have those huge amounts of gold or other wealth that they claim

. . .

 

TAKEN IN ? Or just courageous ?

18-blackheath_489900t.jpg

 

Bloggers including Charles Stross spotted his remarks, prompting speculation on the internet that the peer, who is in his 70s, has been taken in by a scam.

 

Lord James told Sky News he was approached nearly six months ago and asked to help broker a deal which could be bigger than the Marshall Plan, the US fund which helped Europe recover from the Second World War.

 

He said he has told the Government: "If it's all wrong you can blame it on this maverick ageing old-codger peer and if I'm right, you get all the great glory of this happening for the British economy."

 

The peer refused to reveal the identity of the organisation but described them as having a "massive supranational accumulation of funds" which they have built up over 100 years.

 

They are motivated by a desire to rescue the global economy - and their savings - from growing instability and have provided a list of referees which includes the "most high-profile people on the world stage," he said.

 

In his extraordinary statement to the Lords, the peer said he believed the money was not tainted by criminality because he had had years of experience dealing with cash from criminal groups

 

/see: http://uk.news.yahoo.com/5/20101104/tuk-pe...uk-45dbed5.html

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Listen Carefully to his speech and subsequent interview.

 

X will only deal with top 6 people in the world blah blah blah but James says X wants to speak to senior mandarin in the Treasury.

 

Strathclyde too busy with Trafigura on his £5000 per day retainer to make a comment?

 

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Listen Carefully to his speech and subsequent interview.

X will only deal with top 6 people in the world blah blah blah but James says X wants to speak to senior mandarin in the Treasury.

Strathclyde too busy with Trafigura on his £5000 per day retainer to make a comment?

I like Lord James.

It took some courage to go public with this bizarre story, and risk some ridicule.

Why did he do it?

I think he must have been convinced that there was a real opportunity, and he did not want to see the UK miss it.

 

I expect there will be more "revelations" coming on this story.

 

I have a suspicion that there are some rich folk (even Illuminati?) wishing to find safety in the UK in return for becoming benefactors.

If so, they must think some tough, tough times are coming our way,

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What have we been told so far about "X"?

 

Been going more than 100 years

 

Unbelievable wealth

 

Introduced by people FSA registered

 

Will only discuss with "top drawer" people globally

 

__________________________________________

 

 

Freemasons? Knights of Malta?

 

 

Ideas on a postcard to:

 

Lord Strathclyde of Trafigura

House of Lords

London SW1

 

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The Rothschilds?

 

Do a little searching on the net and it simply isn't possible to determine what their net worth is. There are wildly varying figures. If they wanted to help in an anonymous way this would be one way to achieve it. Or it could be a group of very wealthy families together. It'll be interesting to see how this story develops.

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