Okay, not so explosive after all.

[BeHereNow]

truedelphi mentioned this in another post and just started
a thread about it in the
Economic forum- I am giving you the link
because not as much DU traffic goes there, not like GD and
this story is astounding and needs to be shared.

http://www.democraticunderground.com/11169930

I missed the earlier threads on it.
Apparently Lord James of Blackheath has made some pretty
outrageous claims before...still, I put NOTHING past the
criminals behind the curtain.
So I could easily believe his presentation and would not
be surprised to learn that he was given the information
as a diversion away from something more criminal.
BHN

[Autumn]

1. Greenspan and Geitner are involved?

WTF! Not surprised at that. REC

[malaise]

2. We had at least two threads in GD a few weeks ago

and the UK Independent had a good report

[BeHereNow]

14. truedelphi was the one who told me about it- I completely missed it!

Thanks for mentioning the UK Independent report-
want to read it too-
BHN

[Cleita]

3. ...

[CJCRANE]

4. Um...to be honest, I think he's lost it. This sounds like an email scam.

Here's an excerpt from the Independent:

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.

http://www.independent.co.uk/news/people/diary/diary-bercow-calls-for-root-n-branch-change-on-trees-7439892.html

http://www.ny.frb.org/banking/frscams.html

ETA: the relevant items in both links are further down the page.

[grantcart]

10. next up he is concerned about 12 million pounds that he can get out of Nigeria if someone

could only loan him 12,000 pounds to post a reward bond.

lol

[zappaman]

12. Now THAT is funny!

Thank you for that!

[hvn_nbr_2]

5. A post that doesn't tell me what it's about points to another that doesn't tell what it's about.

[intheflow]

6. Most useless thread on DU today.

Don't just post a link, even if it's an internal DU link. It's rude to not include information about what's so frickin' explosive.

[freshwest]

7. You should crosspost this on the Brit board for verification. On another site when I posted the...

Story from Senator Sanders' page on the Federal Reserve audit, they said Americans don't understand the banking system and to forget about it, called it all CT talk. I was tempted to post this video there when I first saw it here on DU but didn't have the time.

Beside, I figured they'd say the House of Lords is full of nutcases, which the people on the Brit board here could inform us. I'm clueless on the part these guys really play in the government there. I was interested enough to find the House of Lords webpage.

Note that the first link on youtube goes to a survivalist website, ala Alex Jones kind of stuff. But there is also a RT link and some FEMA stuff. But the Veterans Today webpage seems completely legit. This stuff is way over my head, or at least the way the Brits explained it, it appears to be.

I feel like posting the Onion video with a congressman saying, sorry, the money was never there, something like that. Then the banks toss all their mortgages in the trash and let the homeowner stop pay no foreclosures. The people on Wall Street quit their jobs and get real ones and everyone was happy and were contemplating a new world without money. It was depressing, funny and liberating at the same time.

So my post will bump this and maybe other DUers will decide if this is a valid story or not. I certainly thought there was something there with the Sanders article.

[magical thyme]

8. by all means cross-post this explosive something somewhere else

so yet another set of people can waste their time wondering

[freshwest]

22. Not my OP. You wasted your 506th post. Thank God the Brits have arrived. Goodbye.

[magical thyme]

28. true, yet you suggested cross-posting it a 2nd time

when neither the original nor crosspost #1 were very useful.

[freshwest]

31. No. I suggested an Onion video. Some of us enjoy being at DU, so don't make it suck.

Was that a friendly smilie or a snark?

[magical thyme]

34. strictly a friendly smile

I didn't get the Onion reference. I'll have to re-read your post.

p.s. I love the Onion.

[freshwest]

35. Okay, we are cool then.

[Codeine]

15. Veteran's Today is not a legit site.

It's sufficiently anti-Semitic and CT-oriented that the mods used to pull posts originating there on DU2.

[maddezmom]

32. agreed

[muriel_volestrangler]

18. See reply #4 above. He's fallen for a known conman's spiel

It's getting embarrassing that he hasn't dropped this. You get the feeling his email inbox must be stuffed with missives from hopefuls.

[freshwest]

21. Thank you very much for your reply. Just the person we needed to hear from.

Is the House of Lords prone to these kind of unusual or provocative pronouncements?

Is this the kind of thing a member there can go on about for years?

I'm guessing they don't face election. I thought they got into that position by inheritance. But I don't know.

Must make for some interesting news there, to have some people doing this. Isn't the Queen in charge of both houses of Parliament, but without any power?

This story appears to be something that 'gold' traders like Glenn Beck and the CT people in the USA live on to get money out of gullible people here. These CT things are part of the Tea Party mythology.

But this kind of thing, if the man really has any power, seems like it could start a panic, both here and there.

I don't understand how the financial world operates. Neither do I pretend to know, but often ask people I know in the UK, NZ and Australia about these stories.

And some other stories and find the level of discourse and different point of view refreshing for the most part.

I like talking to folks in Canada online, but even though I love to visit B.C., their political scene is harder to understand than that of the UK.

Thanks again.

[muriel_volestrangler]

24. They're more polite to each other than the Commons

I think MPs would have been heckling and laughing if someone stood up to say all that in the Commons. It's not common for this kind of speech to be made, but, as you say, they don't face re-election, so they can say pretty much what they want unless it seems so outrageous that the speaker stops it (MPs cannot be sued for libel in the Commons, so I think the same would apply in the Lords).

These days, nearly all people in the Lords have been appointed, which is for life. Some are retired MPs, some are people appointed by political parties, either for funding them, or because they're well known supporters. Some, who are independent, are appointed because they've run major charities, or are generally well thought of in the country. A few are still hereditary (when most of the hereditary lords were kicked out, they got to vote among themselves for the ones who remained). There are a few Church of England bishops as well.

However the financial world operates, the numbers Lord James mentions just don't add up - far more gold than the world has ever mined, and so on.

[freshwest]

25. That kind of stuff is what makes Alex Jones and Glenn Beck rich, here. Are there any similar types

Influencing people in the UK to do what they do here?

That is, buy guns, stock up on food, ammo, seeds and medicine, move to the country, learn out to slaughter animals for food, run around in camo in the woods playing militia and join right wing churches, planning for the End Times and all of that?

I mean, there is a lot of money in this stuff. I have not heard anything like this going on in the UK. Although I have friends in Scandinavia tell me they have some similar types there.

This appears to be some kind of American romance with the wild west or the frontier which they want to live in like some fantasy world. Another part of the gun culture is the belief that they can actually ward off a government attack... Yeah, right.

Appreciate you putting me up to date about the Lords there. I'm not sure, but I thought that one of them had complained about the austerity cuts being made. In that respect, I think they'd be freer to say things that the regular politicians wouldn't.

And the House of Commons. Wow. I used to watch the weekly PM's questions program when Blair was there. I was pleased to see him having to explain himself, instead of how Bush hid behind his press secretary.

What I couldn't understand at that time, since I didn't know what he was doing in the domestic scene there, was why everyone I knew personally over there simply despised him. 'He's such a liar!' they'd say.

The Senate here just went nuts over him. I enjoyed Galloway telling the GOP off. Do you see any changes in the political scene in the UK because of his victory with the 'Respect' party?

Which I know nothing about...

I like him because like a number of politicians there, he appears to be passionate for peace, working people, the poor, etc. I don't delve into the I/P things, because it's a function of right wing religion here, but he's been outspoken on that region and the Middle East.

I'm a reluctant globalist, but not in the corporate sense. I want America to stay at home and try to set a good example instead of screwing around in other countries. Admittedly, we don't seem to be staying at home.

Thanks again for the information.

[zappaman]

9. I took a deep breath

and then I

[The Magistrate]

11. That Is The Proper Response, Sir

We were pulling this swill off the board years ago when I was a moderator.

[snooper2]

38. I watched the whole thing, his presentation wasn't bad

It could make for a pretty good movie plot if he really pulled it all together

[Codeine]

13. It would be nice if either of these OPs had anything to say

about what the hell they're on about. Lots of HUGH SERIES!!!1!! posts without an iota of content.

[cigsandcoffee]

16. I took a deep breath, and watched the video...

....and think Lord James of Blackheath is a few fries short of a Happy Meal.

Some guy in "Indochina" gave 36 trillion dollars - in cash, more than nine times the total annual budget of the United States - and gave it to Tim Geithner so he could forward it to the Bank of Scotland, thus paying off some anonymous and nefarious force? Dr. Evil, maybe?

[zappaman]

17. Hmmmm...I like your Dr. Evil guess

Sharks with friggin lasers on their heads aren't cheap!

[WillyT]

26. Maybe... But...

The documents contained a bunch of detailed numbers (without explanation) about the kinds of risks Goldman was taking at a moment in time, thus prying open ever so slightly the firm’s black box.

For instance, who knew that at the end of December 2011 Goldman had $44.2 trillion in the notional amount of derivatives contracts on its books, about $1.3 trillion more than it did in 2010? Or that $36 trillion of that amount was for contracts of less than one year in tenor? Or that Goldman had $19 billion in insurance underwriting assets, up nearly 40 percent from the year before? Or that Goldman’s book of commercial and industrial loans was $7 billion at the end of 2011, up dramatically from the $829 million it held at the end of 2010? Or that the firm’s stash of mortgage-backed securities -- now $1.37 billion -- had nearly doubled what it had at the end of 2010?

Although I still have no idea how Goldman makes its money, I guess it is interesting to know that the government produces mind-numbing documents containing columns of numbers and then puts them on websites buried on the Internet.

But let’s not pretend that the Fed’s carefully scripted, and untimely, release of a disk of public information to me is even remotely the way FOIA is supposed to work. Where are the documents and e-mails about how Goldman was allowed by the Fed to become a bank holding company? Where are the documents from the SEC about Goldman? Where, for that matter, are the SEC documents related to the short-dated, out-of-the-money puts that investors spent millions of dollars buying in the last week of Bear Stearns’s existence? The SEC said it was investigating who bought and sold these puts, but it has never made the results of its investigation public despite my FOIA request.

More: http://www.bloomberg.com/news/2012-04-01/why-are-the-fed-and-sec-keeping-wall-street-s-secrets-.html

[BlueIris]

20. If true, this is completely insane.

Yikes.

[A HERETIC I AM]

23. Next up will be a link to the video ...

"Money as debt" with the warnings that this is "true!" and "explosive!" and " something you need to know!"

It isn't, it isn't and more importantly, it's not, because bullshit and nonsense doesn't make you smarter.

[4bucksagallon]

27. Smells

like BS to me especially after his foundation X speech. Time will tell, until then maybe readers who believe this should go to ATS and join, that is certainly a con theory right up their alley. Cue the UFO music.

[MineralMan]

29. Unless one of these OPs tells me what the heck this is about,

I'm not going to go any further with it. For pete's sake, provide a little information in these cryptic OPs.

[Guy Whitey Corngood]

30. CALL CONGRESS RIGHT FUCKING NOW!!!!!

[MineralMan]

33. If you will so kindly provide your banking details, and send me

500,000 Euros to cover the necessary bribes, etc., I will see that you receive 10% of this entire amount of $15 Trillion. Tell no one of this. My benefactor, Wassilly Bumlooker, whom I believe you know well, will vouch for me in detail.

[Matariki]

36. This was posted *months* ago and heads haven't rolled yet.

[Myrina]

37. Squawk Squawk The Sky Is Falling Squawk Squawk

The Monsters are due on Maple Street!
Get to the Bunker!
Squawk! The Sky Is Falling!


And we're supposed to be Smarter than the other side of the political aisle? Wow.