UK Parliament Member Lord James of Blackheath Alleges 15 Trillion Dollar Fraud Involving the Fed and Imaginary Gold

This seems a little too far fetched for me to even believe.  I guess time will tell just how reliable Mr. Blackheath’s paper trail is.  If the story is true, then we are talking about an amount of fraud equal to the entire national debt of the United States.  Of course, I consider the entire fractional reserve system to be a fraud so I guess it really doesn’t change much.

The Intel Hub has done an extensive write up on this here.

The UK Independent reports:

The House of Lords was treated to a 10-minute speech last week by Lord James of Blackheath, from whom we have not heard much since he announced in 2010 that he was in touch with Foundation X, a “genuine and sincere” secret organisation that wanted to lend the British government £75bn.

David James was a City businessman commissioned by the Tories, in opposition, to report on ways of eliminating government waste. Last week, the 74-year-old peer was exercised about a story he has picked up that $15trn – that is $15,000,000,000,000 – belonging to “the richest man in the world”, Yohannes Riyadi, was deposited in 2009 in the Royal Bank of Scotland. Lord James said he remains baffled after a two-year pursuit of the story, but has all the information on a memory stick, which he is offering to hand over to the Government.

His documents include a letter from the Bank of Indonesia telling him the whole story is a “complete fabrication”. He took his concerns to the Treasury minister, Lord Sassoon, who said: “This is rubbish. It is far too much money. It’d stick out like a sore thumb and you can’t see it in the RBS accounts.”

And an alert Financial Times blogger said that had Lord James googled “Yohannes Riyadi”, the first item to come up would be a warning from the Federal Reserve Bank of New York that the name is part of an internet scam designed to get money from the gullible. Two agents are trying to trace who is behind it. Perhaps Lord James should offer his memory stick.

  • EinRand

    My first reaction was of shock and a willingness to be attentive. Only after a few minutes did I become dismayed by the possibility that indeed another person of great power had fallen victim to senility. Were it only in the UK could I blame a lack of sunshine, alas the US is full of elder statesmen greatly lacking in the faculty of critical analysis.

    • Laetuca1

       He might be senile, which I don’t care really, but do you have proof he is wrong or right, besides some psychological observations? (Coincidentally, in the same period there have been some $ 6-8 trillion in fake bonds found as a scam in other countries, as exposed by abc news and bloomberg.)