MORE REVELANT THAN EVER GIVEN BASEL-II COMPLIANCE REQUIREMENTS
Wednesday 3 September 2008 14:45 UK
U.S. FINANCIAL MARKET REVAMP LAST MARCH IS A FALSE PROSPECTUS BY
ALTERNATIVE PLAN PRESENTED HEREWITH IS SIMPLER, TIMELY, CHEAPER AND
PRESIDENT'S WORKING GROUP 'REFORM PLAN' EXPOSED AS A SELF-SERVING RUSE
BETTER PLAN BY MICHAEL C. COTTRELL, B.A., M.S. CAN BE UP AND RUNNING IN
CONVOLUTED 'PAULSON' FABRICATION WOULD COST IMMENSE $ SUMS TO IMPLEMENT
TREASURY'S PROPOSALS REQUIRE SEVEN NEW AGENCIES, MR COTTRELL'S JUST ONE
THREE-STAGE 'PAULSON' PROPOSALS CALCULATED TO UNDERMINE MARKET
ALTERNATIVE PLAN SUPPLEMENTED BY A COMPREHENSIVE SECURITIES MARKET
3rd September: Last weekend, we were advised that a deliberate,
concerted, and ruthless operation is underway, directed by US
disinformation and/or Psy-Ops cadres whose noses are out of joint, to
feed us disinformation with the familiar objective of seeking to
destroy our credibility as the primary non-US, non-controlled source of
reliable information on the financial corruption crisis, compliance
with Basel-II and the Settlements.
we knew this already, it was specifically reconfirmed last weekend by
people who know the score. It appears that this website and associates
are considered to be the most effective and dangerous opposition to the
criminalist operatives inside the Treasury, the corrupt banks and the
Federal Reserve, who are STILL trying to buy more time and to
perpetrate dirty tricks and sabotage wherever they can. Of course these
parties are LOSING THEIR REARGUARD BATTLE AND THEY ALL KNOW IT. But the
criminal mentality is such that they cannot stop their reprobate
Nor can they understand, even now, how it has come
about that they have faced real opposition for the first time ever in
their experience. They NEVER expected to be stood up to, and they
thought that their financial fraud corruption and hidden geofinancial
carousel operations would continue for ever. As one sage has pointed
out to the Editor, they never considered the consequences of their
actions, one of which includes the reality that a running commentary on
their criminality has been recorded and is captured for the record and
for posterity: and they can't do anything about it.
the above, we think that the most constructive thing we can do right
now is to repost the US financial reform proposals presented by Michael
C. Cottrell, B.A., M.S., which we published on the 22nd July [see
Archive] and which were subsequently featured in Economic
Intelligence Review, Volume 11, Numbers 9 & 10. Copies of this
print version are available pro rata + 15% for shipping.
the $6.2 trillion of funds loaned by Her Majesty the Queen and by
Prince Al-Waleed bin Talal bin Abdulaziz with Citibank, with Her
Majesty's portion, at least, intended to finance the long-range
financial stabilisation plan originally unveiled by this service as The
Wanta Plan, which is now being called 'Son of Wanta Plan': These funds,
which remain frozen in a Citibank suspense account, are for the
SPECIFIC purposes identified by the lenders and for no other purposes,
and cannot be stolen or alienated or employed for any agenda other than
those specified by the two lenders. The lenders can DEMAND these funds
at any time, as they belong to the lenders and to NO-ONE ELSE.
understand from 'UK sources' that the current state of affairs is
regarded as a matter of the very gravest severity, and that it has the
potential to induce a breach between Britain and America.
the Editor (nothing to do with Mr Cottrell here) holds in readiness our
very extensive and devastating exposure of German long-range strategic
deception operations masterminded by the Nazi strategic 'Black'
counterintelligence Continuum, Deutsche Verteidigungs Dienst, Dachau,
in readiness for posting at any time, depending on 'performance'. The
revelations have the potential to cause a Tsunami of shock all the way
from Houston and Crawford, TX, to half a dozen European capitals and
the highest levels of the European Commission in Brussels. The report
contains a list of all the abominations and operations with which this
'Black' agency, aided and abetted by its US allies buried like
poisonous snakes inside the corrupted US intelligence community and
structures, have perpetrated and are continuing to perpetrate today.
These bovine German operatives, like their US counterparts, NEVER
thought that their WILY HUN operations would or could be exposed. (...)
SIMPLE RULES-BASED MARKET STABILISATION PLAN BY MICHAEL C.
COTTRELL, B.A., M.S.
the first quarter of 2008, Michael C. Cottrell, B.A., M.S., President
of Pennsylvania Investments , Inc., contacted the Editor of this
service to brief him in detail on the dubious stratagems behind the
disparate proposals that were finally unveiled at the end of last March
by the President’s Working Group on Financial Markets, a.k.a. the
As a result of several conversations, Mr
Cottrell, one of the foremost securities markets experts in the United
States, prepared a critique of the US Treasury’s extraordinary ‘Plan’,
which he was easily able to demonstrate is highly destablising, not
least since its plainly confused recommendations undermine financial
market confidence while demonstrably serving the interests of the
criminalist kleptocracy at the expense of the genuine investment
community. This analysis is presented here.
In short, the Working Group’s ‘blueprint’ is shown herewith to be a
discredited the Working Group’s proposals, which would call for the
creation of no less than SEVEN expensive and mischievously overlapping
new US regulatory bureaucracies and for the abolition of the essential
rules-based securities market environment, which would be phased out
over an imprecise but prolonged timeframe, Michael Cottrell presents
his own effective and simple solution to the chaos brought about by
years of officially condoned fraudulent finance.
require just ONE new US regulator, will call for the revalidation by
Congress of the Glass-Steagall Act and for the decisive
re-establishment of the essential rules-based system which the
Securities and Exchange Commission (SEC) has neglected to enforce in
recent years, and can be implemented in full within the space of just a
few months, at most. Additionally, Mr Cottrell’s simple Plan will be
infinitely cheaper to implement than the top-heavy Working Group
Editor has incorporated Mr Cottrell’s proposal into this analysis; and
the extensive Glossary, built around Michael C. Cottrell’s original
framework, has been expanded so that all concerned can readily
understand what has to be done.
Michael C. Cottrell, B.A., M.S., can be contacted direct on:
Cottrell’s reform framework has been elaborated by the Editor to
incorporate ideas for which he alone is responsible but which Mr
Cottrell has graciously approved.
Important Note: We can only report US law as it stands. We cannot
make exceptions and neither can we speculate as to the prospective
actions of authorities given, for instance, the admission by UBS that
it broke the law, and the consequences of that admission for some US
investors who may consider that they are eligible for Settlement
payouts. Nor can we enter into ANY correspondence concerning that
matter. The only issues that we will discuss arising from this post are
Mr Cottrell's practical and straightforward recommendations: and these
issues should be raised with him direct.
paper describes, exposes and then systematically demolishes the
credibility and relevance of the so-called ‘Paulson’ proposals, a.k.a.
the mish-mash of convoluted notions brought forth by the President’s
Working Group on Financial Markets at the end of March 2008. (...)