"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "


Chinese premier Wen Jiabao 12th March 2009


""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."


Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Sunday, December 21, 2008

Madoff money is said to have been re-directed to Israel and is still available to many investors.

Mathaba have a story that Madoff has moved money to Israel where it is available to clients. They claim this results from the disclosures of secret Swiss / Lichtenstein bank Accounts that the US IRS is currently working on. They also say the total funds involved may be up to US$100 Bn.

One has to remember that there are very, very large numbers of people all round the world denied access to conventional methods of investing their earnings - they may find it difficult to explain having large capital sumas at hand which may result from :

1 VAT Missing Trader fraud in the EU - it is running at £4 Bn a year at present in the UK alone

2. Production, transport, distribution of illegal drugs (According to the 2005 United Nations World Drug Report, the value of the global illicit drug market for the year 2003 was estimated at US$13 billion at the production level, at US$94 billion at the wholesale level, and US$322–$400 billion based on retail prices and taking seizures and other losses into account. )

3. People trafficking / prostitution (United Nations Office on Drugs and Crime (UNODC) The UN and other experts estimate the total market value of illicit human trafficking at $32 billion - about $10 billion is derived from the initial "sale" of individuals, with the remainder representing the estimated profits from the activities or goods produced by the victims of this barbaric crime.

4. Illegal Arms Trade - Size ? ask Mr Bout - unfortunatel he's in prison in hailand currently so may remain quiet.

5. Theft by Russian Oligarchs from the USSR State Assets - Size - consult ask Mr Berezonvsky - he should prove co-operative he has British citizenship.

6. Every other form of crime, financial fraud, embezzlement, theft etc.,profits from privatisation of the UK railways etc etc., Diamond / Gold / tantalum etc., smuggling out of Africa. Cigarette / Tobacco smuggling.

3 comments:

Anonymous said...

One has to remember that there are very, very large numbers of people all round the world denied access to conventional methods of investing their earnings - they may find it difficult to explain having large capital sums at hand which may result from :.....
There are also a few ostensibly democratic governments that need unconventional methods of investing.
And is Bout really the man so skilled in logistics to have armed most of Africa etc? I don't think so.

Anonymous said...

"Press reports document criminality of US financial elite"

24 December 2008...

http://tinyurl.com/6tj96r

ziz said...

Effectively Madoff was running a laundry service.

see
Monday, December 22, 2008
The Slow Slide Continues and the Strange Affair of Bernie Madoff

at

Signs of the Economic Apocalypse

http://economicapocalypse.blogspot.com/

(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish