"Conservative peer Lord James of Blackheath has said that he was appointed by the Bank of England to "deal with problems" caused by the laundering of IRA money.
Addressing fellow peers late on Monday night Lord James said:
"I have had one of the biggest experiences in the laundering of terrorist money and funny money that anyone has had in the City. I have handled billions of pounds of terrorist money."
Labour peer Baroness Hollis of Heigham asked: "Where did it go to?"
Lord James, a respected corporate troubleshooter, replied: "Not into my pocket. My biggest terrorist client was the IRA and I am pleased to say that I managed to write off more than £1billion of its money.
"I have also had extensive connections with north African terrorists, but that was of a far nastier nature, and I do not want to talk about that because it is still a security issue. I hasten to add that it is no good getting the police in, because I shall immediately call the Bank of England as my defence witness, given that it put me in to deal with these problems."
...The life-peer also told colleagues during Monday's address that a shadowy group has contacted him with an offer to help solve the UK's economic problems.
Lord James claims the group, which he referred to as 'Foundation X', has more gold on hand than all the world's bullion reserves combined. He said the group has offered to give the UK £5bn immediately and another £17bn for schools, hospitals and London's crossrail project.
"I have come to the absolute conclusion that foundation X is completely genuine and sincere and that it directly wishes to make the United Kingdom one of the principal points that it will use to disseminate its extraordinarily great wealth into the world at this present moment, as part of an attempt to seek the recovery of the global economy."
Belfast Telegraph
What the hell is this all about? On the surface it sounds like some crazy conspiracy mumbo-jumbo yet the speech is real and documented, both in print and video.
Lord James claims that the Bank of England is involved in laundering money for terrorist operations and that there exists a shadow organization, which he refers to as "Foundation X" that has offered to pay off England's debts, interest free. He claims that this organization controls most of the world's bullion and that it has the resources to do as it claims.
Normally I read this sort of stuff and blow it off because all of the "proof" is generally of the less than transparent kind, the sort you can never really get to the bottom of, lot's of innuendo and cloak and dagger. But this is a respected member of Parliament giving a speech on the floor for everyone to hear. He is either crazy, or a liar, or, and this is what I find so intriguing, he's telling the truth to the best of his ability. If it's the latter, and I suspect it is, we may have just seen a door opened to a world that most of us know nothing about.
Follow the link to the Belfast Telegraph and read the story. I'm curious where this may lead and I think it bears watching.
It would be quite a story if at the very moment the world teeters on the edge of the abyss a savior would come along with the means to save it. The world would turn to that savior and follow him.
Sounds kind'a biblical, doesn't it?
Book of Revelation biblical.
Why is there no uproar in the House as these words are spoken? And if it's all a lie, why doesn't anyone speak up and say so? And where is the coverage of this in the press?
What's going on?
UPDATE
"The UK government will not take up the apparent offer of billions of interest-free pounds from a mysterious organisation called Foundation X, a Treasury spokesperson told ZDNet UK on Friday.
The existence of the offer was detailed on Monday in the House of Lords by Lord James of Blackheath, who said the foundation was willing to pump at least £22bn into government coffers by Christmas. According to the spokesperson, Treasury commercial secretary Lord Sassoon has "looked into Lord James of Blackheath's proposal, and has decided not to pursue the matter any further".
"At no point has Lord Sassoon, or any Treasury officials, held any meetings with Lord James of Blackheath or any organisation that he mentions on this subject," the spokesperson added.
When he detailed the offer on Monday, Lord James began by apologising to Lord Sassoon "because I am about to raise a subject that I should not raise", then said he had been in a two-week discussion with Lords Sassoon and Strathclyde about the matter. He went on to say that neither Lord Sassoon nor Lord Strathclyde — who is the leader of the House of Lords — gave credence to the offer.
Many have suggested Lord James has been taken in by an elaborate scam, perhaps involving the so-called Office of International Treasury Control, but the peer is adamant that this is not the case.
The Treasury's statement appears to contradict Lord James' claim that he has met with Lord Sassoon to discuss Foundation X's offer, although it is not clear how he related the offer if not in some kind of meeting. The line that neither Lord Sassoon nor Treasury officials had met with the foundation itself, though, makes sense, as according to Lord James Foundation X expects to be contacted "only by someone equal to head of state status or someone with an international security rating equal to the top six people in the world"
ZD Net
A quick and quiet denial and maybe this will all quietly slip under the waves. Just move along, nothing to see here.
Something's not right about this.
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Agreed. I've been following this story since it broke and it is going nowhere. Very strange since there are some obvious things to investigate. Seems like somebody standing up in the parliament and saying they laundered money for the IRA at the behest of the Bank of England would be the sort of thing that people would want to investigate.
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