Lord James and his mysterious "Foundation X"

I first read about this a few days ago, but honestly did not know what to make of it. Is he mad, fooled, or telling the truth?

Did Somebody Just Try to Buy the British Government?

The story has now also been covered by the 'Independent':
http://www.independent.co.uk/news/uk/politics/lords-stunned-by-tory-peers-ira-funding-claim-2126723.html

"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."

"My biggest terrorist client was the IRA and I am pleased to say that I managed to write off more than £1 billion 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."

So if he's not mad, he seems to have just told us that the Bank of England is behind terrorist groups. Now if this doesn't reveal the fraudulent nature of the 'war on terror', I don't know what will. (I suppose the real Osama dying in December 2001 might make things clearer, unless of course they have kidney dialysis machines in their Tora Bora caves. Or the fact that Mossad front company SITE Intelligence have 'found' most of the Bin Laden tapes themselves. Hmm.)

Our money laundering peer also discusses a mysterious Foundation X, which "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."

This foundation also claims that "they were still effectively on the gold standard from back in the 1920s and that their entire currency holdings throughout the world, which were very large, were backed by bullion."

Now that's a lot of gold. That "would be more than the entire value of bullion that had ever been mined in the history of the world." Our 'honourable' lordship here speculates that the figures on how much gold which has been mined might be low. But there are other more occult possibilities here.

Or they could just be a bunch of fraudsters.


Keeping the rumour mill turning,

Have we uncovered "Foundation X"?

They point to an organisation called the United Nations Office of International Treasury Control (http://www.unoitc.org/). Now that is something.

http://en.wikipedia.org/wiki/Office_of_International_Treasury_Control
Sounds quite funny really. They are a very committed group of jokers, if that is what they are. They have not scammed anyone out of money, they just make offers that get turned down...I mean, they hardly seem genuine, but at the same time they don't fit the profile of pranksters or con artists. Odd.