- According to Michael C. Cottrell, treasurer of Wanta's
financial group, money being misued by Bush as $55 million of off-shore
money recently sent to North Korea.
-
- Michael C. Cottrell, treasurer for the Wanta financial
group set to repatriate $4.5 trillion into the U.S. economy, said he received
documented inside information the Bush administration sent North Korea
$55 million the day after it set off a nuclear testing device.
-
- Cottrell's announcement Thursday came as a shock to the
world since it previously was thought the U.S. was strongly opposed to
North Korea's actions, publicly denouncing the nuclear testing and indicating
strong financial sanctions should be imposed.
-
- However, the transfer of money to North Korea, taken
from the offshore and off-the books account earmarked for Ambassador Leo
Wanta and the American people, shows the real behind the scenes intentions
of the Bush administration.
-
- Although publicly the Bush administration castigates
North Korean officials for their actions, behind the scenes the $55 million
pay off is proof positive the Bush administration is working hand-in-glove
with countries like North Korea to promote war not stop it.
-
- "It looks kind of strange, doesn't it," said
Cottrell Thursday while appearing as a guest on Greg Szymanski's radio
show, The Investigative Journal at www.gcnlive.com and www.arcticbeacon.com
- "We have it from credible sources that $55 million
was transferred from the offshore money to North Korea the day after the
nuclear testing took place."
-
- Although Cottrell would not speculate on the Bush administration
motives while having solid evidence the money was released, other researchers
close to the North Korean scene said the $55 million amounts to nothing
more than "a pay-off for a job well done."
-
- Cottrell's announcement also provided more evidence the
Bush administration was involved in treasonous and duplicitous actions,
demonstrating the interests of the American people, as well as its security
and stability, were not really Bush's first priority.
-
- "Who are the real controllers and who Bush owes
his first allegiance we are not sure, but one thing we are sure of it is
not the American people," added Cottrell, who appeared on the show
to talk about how the Bush administration has again failed to release the
Wanta $4.5 trillion as previously agreed upon.
-
- Concerning the $4.5 trillion earmarked for the American
people now sitting in a New York Citibank account, Cottrell said the Bush
administration failed to release the money again on Wednesday, causing
him to go public with further allegations of that the U.S. officials are
violating the rule of law and misusing the Wanta money while not honoring
it's financial commitment to Wanta.
-
- "One thing for sure, the money will be eventually
released and we have word from the Chinese that if Bush doesn't live up
to his agreement with Wanta, then the Chinese are going to pay us,"
said Cottrell, adding $1.6 trillion in taxes will be paid to the U.S. Treasury
and $270 billion in taxes to the state of Virginia.
-
- Cottrell said the Treasury and the Federal Reserve Board
was having "a hard time swallowing" the big chunk of cash because
it appears their goal is bring America to its financial knees by extending
the official U.S. debt bubble to $10 trillion instead of trying to revitalize
the economy.
-
- "We've had to make a deal once the money is released
to pay the taxes off in $20 billion dollar chunks," added Cottrell
who couldn't give a firm date on when he expected to see the $4.5 trillion
but hinted something big was going to happen within the next two weeks.
-
- Asked what was the real importance of the Wanta story,
he said it clearly showed how the Bush administration has violated the
rule of law by not honoring its financial commitments, demonstrating the
administration was more concerned with lining the pockets of global banksters
and "privateers" with trillions of dollars instead of doing the
right thing by enforcing offshore tax payments and stabilizing the American
economy.
-
- Cottrell added that since President Reagan passed Executive
Order 12333, the last three presidential administrations have illegally
used offshore money for their own nefarious purposes without paying U.S.
taxes to the tune of more than $100 trillion dollars.
-
- He also said the thievery continues on a large scale,
including the illegal use of the $4.5 trillion earmarked for Wanta.
-
- "Instead of the U.S. officials honoring the Wanta
agreement and the rule of law entered into last May, we have caught them
using the money illegally and filling financial holes to cover their tracks,"
said Cottrell.
-
- As background, Wanta has been at odds with the powers
that be ever since he was declared legal trustor of more than $27.5 trillion
accumulated as a result of his financial efforts on behalf of President
Ronald Reagan to destabilize the Russian currency at the end of the Cold
War.
-
- Furthermore, Wanta was jailed for the better part of
a decade for trying to return trillions to the American people, as Reagan
had dictated, but later was backstabbed by the following three presidential
administrations who instead wanted to illegally pocket the money for their
own personal use, according to Wanta.
-
- Previously, Wanta came forward with these allegations,
presenting documentation of more $745 billion in misdirected and stolen
money, attributing the thievery to those occupying the White House after
Reagan left office.
-
- Upon his release about a year and a half ago from a Wisconsin
state prison, Wanta set out on a financial quest to repatriate the money
according to Reagan's directives, in May entering into a negotiated settlement
with the powers that be to return $4.5 trillion for the benefit of the
U.S. economy.
-
- However, the money has been blocked by the Bush administration
since May and according to Wanta first being held up in a Virginia Bank
of America account and now being held illegally in a New York Citibank
account.
-
- Besides the $4.5 trillion supposedly earmarked for the
American people with $1.6 trillion to be paid in federal taxes, Wanta's
shocking testimony opens the door to the devious way the last three presidential
administrations have been bilking the American people out of trillions
of dollars, using the "off the books offshore" money for covert
purposes, including funding to the New World/Illuminati's quest to destroy
America socially, economically and politically.
-
- Other strange events surrounding the "trillion dollar
deal" is that the Bush administration has reportedly put incredibly
tight restrictions on the release of the money, recently saying they will
release the funds only when "we are God Damn ready."
-
- Recently, The International Currency Review of
England, one of the few outlets covering the Wanta story, issued a news
release about the status of the $4.5 trillion, including numerous violations
of law by U.S authorities as well as a list of banks affiliated with the
Wanta money.
-
- Here are pertinent parts of the Currency Review's release:
-
- For the past month or so, Ambassador Leo Emil Wanta
the Principal and Trustor of the original $27.5+ trillion (now, with accruals,
worth in excess of $70 trillion) raised from 200+ international banks in
accordance with President Reagan's instructions to finance the 'post-Cold
War' security regime has refrained from public statements concerning
the US authorities' defaults on their formal Settlement undertakings, which
provided for $4.5 trillion to be made available for the use of the Ambassador
and his Virginia-based corporation for taxable US project operations.
-
- His relative silence, with which the Editor of International
Currency Review has voluntarily complied in deference to, and respect
for, a specific request from the US Treasury has, predictably, been
abused by the authorities, who have yet again defaulted on the Settlement.
-
- The Editor warned at the time that the US Treasury could
not be trusted to honour its obligations, let alone any lesser verbal assurances,
and this has indeed again proved to be the case.
- TRILLIONS OF U.S. OFFICIAL SECURITIES IN DEFAULT
- Specifically, in response to the blandishments of untrustworthy
US Treasury officials, Ambassador Wanta accommodated them on the basis
of their worthless assurances that everything was being done to expedite
the Settlement. Naturally, these repeated assurances turned out, as usual,
to be as worthless as US official paper.
-
- As of 26th October, more than $4.275 trillion of US Treasury
securities and Federal Reserve Notes (FRNs) were reported to be in default
in several European financial centres, including London. Whatever band-aid
arrangements have been made to mask these massive defaults
believed to include round-robin trades out of Birmingham [UK], Germany
and India, crudely disguised with the assistance of a large Japanese institution,
and back again to the United Kingdom legal action is known
to have been taken in the US court system against the Federal Reserve in
respect of certain of these defaulted transactions. The 'Full Faith and
Credit of the United States' means that when US official securities are
redeemed, the United States will provide cash against the redeemed paper.
This pledge can no longer be relied upon.
-
- So the situation 'as we speak' can be summarized as follows:
-
- ** The 'Full Faith and Credit of the United States' is
meaningless in an even deeper sense than was discussed in our Internet
postings earlier this year in which we pointed out with emphasis
that no verbal or formal undertakings by the US Treasury and the Federal
Reserve could be trusted, since the criminal operatives in charge have
repeatedly demonstrated by their cavalier behaviour to date that nothing
they say or undertake to do, has any meaning. This includes legally binding
obligations.
-
- ** Now, with these defaults on financial market transactions,
the 'Full Faith and Credit of the United States' has been shown to be non-existent.
When a US Treasury security or a Federal Reserve Note is presented to a
bank at maturity for fulfillment, the bank must obtain cash dollars for
credit to the holder's account, or in accordance with his instructions.
But when the clients of the European money center banks in question came
to demand value for their securities, the banks discovered that they were
unable to supply cash as officially pledged by the US authorities.
-
- As already noted, it is understood that round-robin patch-up
arrangements may have been, or are being, undertaken to cover the failed
redemptions and thus to buy further time. But in any worst-case scenario,
the band-aids could come unstuck within days.
- States will provide cash against the redeemed paper.
This pledge can no longer be relied upon.
-
- So the situation 'as we speak' can be summarised as follows:
-
- ** The 'Full Faith and Credit of the United States' is
meaningless in an even deeper sense than was discussed in our Internet
postings earlier this year in which we pointed out with emphasis
that no verbal or formal undertakings by the US Treasury and the Federal
Reserve could be trusted, since the criminal operatives in charge have
repeatedly demonstrated by their cavalier behaviour to date that nothing
they say or undertake to do, has any meaning. This includes legally binding
obligations.
-
- ** Now, with these defaults on financial market transactions,
the 'Full Faith and Credit of the United States' has been shown to be non-existent.
When a US Treasury security or a Federal Reserve Note is presented to a
bank at maturity for fulfilment, the bank must obtain cash dollars for
credit to the holder's account, or in accordance with his instructions.
But when the clients of the European money center banks in question came
to demand value for their securities, the banks discovered that they were
unable to supply cash as officially pledged by the US authorities.
-
- As already noted, it is understood that round-robin patch-up
arrangements may have been, or are being, undertaken to cover the failed
redemptions and thus to buy further time. But in any worst-case scenario,
the band-aids could come unstuck within days.
-
- LIST OF BANKS WITH WANTA BUSINESS RELATIONSHIPS
- The global institutions which must disgorge Ambassador
Wanta's funds, or which have handled transactions for him and his Title
18, Section 6 USG corporations contracted to the US Government, or which
have banking relationships with the Ambassador and his corporations, include,
but are not necessarily confined to, the following organizations*:
-
- AB Invest [Avenue Banque]
-
- ABN-AMRO Bank N.V., Amsterdam,
-
- Agape Holdings, Ltd, Barbados
-
- Agricultural Bank of China
-
- Algemene Spaar-en Lufrentenkas
-
- Algemene Spaar-en Lufrentenkas/ASLK Bank
-
- Altalanos Eriekforgalmi Bank Rt (AEB RT)
-
- Amsouth Bank, N.A
-
- Amur Commercial Bank, Moscow
-
- Anglo Manx Bank Limited
-
- Arab Jordan Investment Bank
-
- Australia & New Zealand Banking Group Limited, Melbourne
-
- Bacob Savings Bank, Borgerhout, Belgium
-
- Banca di Roma, Rome
-
- Banca Nazionale del Lavoro
-
- Banco Ambrosiano Veneto
-
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- For more informative articles, go to www.arcticbeacon.com
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