Wednesday, December 22, 2010

PROJECT HAMMER

Covert Finance, the Parallel Economy & Elite Actions

By David Guyatt



Project Hammer is all about money. Stupendous great gobs of money. So much money, in fact, that it will challenge whatever reality you thought you had about the over-world of banking, finance and economics.

It is also about the nether world of international banking and finance, a world that is said not to exist in reality. But exist it does. More often than not this never-never-land of international banking is concealed from public view by the judicious use of two sets of books. It is also eclipsed from interested investigators by a never-ending series of real frauds that result in arrest and imprisonment of numerous scam artists. This creates the clever illusion that the only thing going on are artful scams designed to fleece the unwary.

Such swindles fall under the general category of “High Yield Investment Programmes,” “Front End Fee” frauds and "Prime Bank Note" schemes. Numerous law enforcement cases such as these, when twinned with dire “beware” warnings published on FBI, US Treasury and other websites, easily lead one to conclude that there are no such things as “real” trading programmes. And the powers that be don’t at all object to this conclusion being reached. It is the old case of hiding trees in a forest.

A key point to keep to the fore in what follows is that trading programmes operate “off-ledger.” That is to say the banks and central banks that operate them run two sets of books – one set for public scrutiny and another set for private viewing only. Another fact to bear in mind is that authorised programmes generate quite spectacular profits for very little, in fact, miniscule risk, and those that are invited to participate as funders, accumulate capital at a shockingly rapid rate. One reason, perhaps, why the wealthy get altogether wealthier as the poor sink ever lower into the mire of poverty.

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