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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-05-05 09:53 PM
Response to Reply #37
62. Nugan Hand Bank
Edited on Sun Jun-05-05 09:56 PM by Octafish
That new Trento Book is full of hot stuff, like the full Nugan Hand story. Here's a recap on how a couple of CIA buddies were used to set up a global chain of banks -- used for money transfers, laundering, payoffs and so on. Both Nugan and Hand were, apparently, disposed of when their usefullness expired.

The graphic version:

world finance corporation miami and nugan hand ltd. of sydney, australia, c.1972-80 (8th version), 1997
Mark Lombardi
graphite on paper
24 x 54 inches


It's how they do bidniss.

Project Hammer

Covert Finance and the Parallel Economy

Part 1 of 2

The off-ledger trading programs operated by some central and international banks launder massive amounts of money and provide vast sums to fund covert 'black budget' projects.

by David G. Guyatt
Nexus Magazine, Volume 9, Number 1

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 Programs, 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 programs. 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 programs 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 programs generate quite spectacular profits for very little--in fact, minuscule--risk, and those who 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.

The financial, banking and economic shadow-world in which Project Hammer lived, breathed and manufactured money "out of thin air" is the dirty little secret of the Western economy. It is a form of money creation that is effectively unchallenged by any form of oversight or accountability as we understand it. Hammer and numerous other transactions like it are based on what are known as Collateral Trading Programs, although many other descriptive names and terms are also used.1

The reason for such programs is to create vast pools of ready money that are earmarked for use in sanctioned (authorised) operations and projects. On the plus side, many beneficial projects throughout the world get funded as a result of program trading. On the negative side, there are more shadowy projects. Included in the latter category are certain black operations.


Bank robbery isn't just the perview of the common thug. Remember the Savings and Loan "scandal"?


The Bush Family Saga

Part II - Part I Here

The Silverado Savings and Loan Scandal

By William Bowles

05/11/03: (Information Clearing House) The savings and loans crashes of the 1980s, themselves directly the result of Reagans deregulation of the banking industry, is more interesting because of how it reflects the rapacious nature of unbridled capitalism than of Neil Bush himself. Who by the way, is now embroiled in another scam with his latest venture, educational software, Ignite (turnover $20 million, much of it from educational subsidies obtained in the state of Florida ,where, coincidentally of course, his bro Jeb, is governor).

Altogether, its been calculated that bailing out the failed S&Ls countrywide cost the US taxpayer around $1.4 trillion!

There are nowhere as many digital sources on the S&L debacle because it predates the Web. Much of it is contained in pages that refer to the numerous scandals and malfeasances of the Bush clan at large. Even so ,Ive managed to uncover a number of dedicated sources.

"Bush sons ventures expose him to scrutiny"Michael K. Frisby05/17/1992


Then, of couse, are the ultimate bosses of the BFEE. The super-rich turds who are quickly becoming the super-super rich, some with more money than the typical average African nation. Thank havens for tax-cuts.

Money laundering

The washing machine

In explosive excerpts from his new book, Nick Kochan digs the dirt on how an army of criminals has broken into the world's financial system, and investigates the Square Mile's growing addiction to criminal cash

Sunday June 5, 2005
The Observer

Money laundered through the world's financial system has now reached stratospheric levels, trillions rather than billions. Fresh figures from the International Monetary Fund put it at the $2 trillion mark. But when you include the cost of fighting money laundering, the number reaches $2.5 trillion. That is approaching 10 per cent of global GDP, according to the IMF.

These numbers indicate the amount of global crime where there is a financial component. That includes everything from tax evasion and very basic fiddles to money made from computer-game counterfeiting, people-smuggling and drug-dealing.

Big-time launderers pay heavily to deceive police, banks and tax authorities. They hire lawyers, accountants and bankers to make and launder illegal cash to ensure its entry into the legal economy.

City professionals are easily tempted. Many of those who co-operated with the corrupt Bank of Credit and Commerce International came from leading firms. When push came to shove, ethics went by the board and they joined the ranks of sleazy money launderers.

The offshore world provides the funnel for most offshore money. This reservoir of anonymous accounts and bogus banks is accessed by institutions for both genuine and illicit purposes. Money passes from account to account to acquire a genuine appearance. It is likely to reach the City of London after a long journey to obtain the City's stamp of blue-chip credibility. For many, that is the final stop. Taking peddlers of dirty money out of the system, and out of London, challenges the Financial Services Authority on a daily basis.

Identification checks on small-time bank customers keep compliance officers in jobs but yield few clues about laundering. An organised criminal worth his salt can mock up, or purchase, a utility bill or passport.


When it comes to the BFEE and its criminality, villainy and treason, it never ends, starroute. That is, until we say it ends. Thanks for giving a damn, starroute!
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