Fed Implicated in $15 Trillion Fraud

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Fed Implicated in $15 Trillion Fraud

Posted on February 25, 2012 by JonK Comment

Three SWIFT transfers of $5 trillion each have supposedly been executed - initiated from the Federal Reserve Bank of New York, to JP Morgan Chase, to HSBC/London, and finally to the Royal Bank of Scotland. Executives at HSBC and RBS have verified the receipts of the transfers, but the money isn’t in any accounts and the purpose of the transfers is unclear.

According to Lord James of Blackheath, there are three possibilities:

There may have been a massive piece of money-laundering committed by a major Government who should know better.
A major American department has an agency which has gone rogue on and has created a structure out of which it is seeking to get at least €50 billion.
This is an extraordinarily elaborate fraud, which has not been carried out, but
which has been prepared to provide a threat to one or more Governments if they do not make a pay-off.

Read the entire transcript here.