Monday, October 13, 2008



Reportedly, Iceland borrowed too much money.

Might someone have wanted to weaken Iceland and make it easier to control?

1. In 2005, Icelandic media reports alleged that CIA planes had landed in Iceland at least 67 times since 2001. (BBC - Nordic states probe 'CIA flights')

2. Bobby Fischer arrived in Iceland in March 2005.

Bobby Fischer "spent his final years raging against an Icelandic bank and 'the filthy dirty CIA-controlled Icelandic government'". (Cached)

3. According to The Reykjavik Grapevine:

In a 9 page classified CIA document called “Current Situation in Iceland” published 18 October 1949 and declassified 23 January 1978, the CIA makes political observations regarding security, the communist threat and the economic status of the country:

Icelanders are opposed to the establishment of foreign military bases on their island in time of peace, but would probably be willing to receive NATO forces if war or the threat of war made Iceland’s involvement seem imminent.

“Solely because of its strategic location, Iceland has been drawn into the current of world affairs, albeit unwillingly and hesitantly. Icelanders desire only to be left alone, but it is as clear to them as to others that their island will not be left alone in war; perhaps not even in peace."

4. 21 August 2008: "Iceland is to join the growing rush of countries aiming to tap into the potentially vast oil and gas reserves of the Arctic. Reykjavik is hoping to attract investment from some of the world's biggest oil companies as it finalises the terms for its first offshore licences." (Iceland to offer offshore drilling licences in race for Arctic's ...)

Drilling licences for big untapped oilfields that Iceland shares with Norway were last month offered to prospectors and oil companies. US and Russian companies are sure to be interested. (Nato fears as Iceland turns to Moscow for £3bn loan Mail Online)

5. Jon Asgeir Johannesson ... "there were wild allegations in a Miami courtroom in 2003 about exotic parties on a yacht." (Business big shot: Jon Asgeir Johannesson - Times Online)


Who wants to control Scotland's oil and keep Scotland in NATO?

Alex von Ungern-Sternberg , former group treasurer of Deutsche Bank, joined a number of top business people in questioning the HBOS - Bank of Scotland takeover by English bank Lloyds TSB.

(The Scotsman, 25 September 2008 : Slowly but surely the rebellion over HBOS deal begins to grow ... )

Ungern-Sternberg believed HBOS could go it alone.

According to Ungern-Sternberg:

"The problem can be fixed without a merger.

"The non-retail asset side of the balance sheet should be run down to a level safely funded whilst interim funding gaps are plugged, using for example the Bank of England's special liquidity scheme. This would be in everyone's interest."

Others who have questioned the wisdom of the HBOS takeover deal include:

Sir Donald Mackay, the chairman of the Scottish Mortgage Trust; Sir George Mathewson, a former chief executive of the Royal Bank of Scotland; Sir Peter Burt, a former governor and chief executive of Bank of Scotland; Keith Skeoch, the chief executive of Standard Life Investments; and David Alexander, the owner of Edinburgh-based property firm DJ Alexander; analysts from JP Morgan and Société Générale.

The Scotsman newspaper, 20 September 2008, tells us of
HBOS: The questions just keep piling up

1. A leading City figure, Keith Skeoch, the chief executive of Standard Life Investments, has suggested there has been an abuse of the stock market market rules in the case of HBOS.

Keith Skeoch said there had been a delay before the talks were formally announced.

Stock market rules insist that companies in advanced talks should make a formal announcement to the stock exchange, with trading in their shares being suspended.

If news of the talks been announced earlier, HBOS shares would not have crashed.

And, if HBOS had survive until Thursday night, when news of the United States government's plan to buy toxic debt was announced, the bank could still be independent.

Mr Skeoch in a BBC Radio 4 interview said: "I think we should be asking ourselves who was in the possession of that information and why it wasn't released to the market and why it was made available to the market via the BBC."

2. A source at the Bank of England has said that the Bank of England had sufficient funds to help HBOS stay independent.

The source suggested the deal was a "purely commercial decision" and nothing to do with HBOS's survival.

The Gordon Brown government waived competition rules only because it claimed this was about HBOS's survival.

3. Archie Kane, the chief executive of Scottish Widows (owned by Lloyds TSB) said "This deal was done for commercial reasons. We would not have got into the situation otherwise. We operate on behalf of our shareholders, we do the best thing for our key stakeholders."

4. The Financial Services Authority (FSA) failing to stop the practice of short-selling in time to save HBOS. Why?

5. The SNP MSP Alex Neil, a former economic consultant, is demanding an inquiry into the alleged abuse of the market.

He said: "It appears that there has been a serious breach of stock market rules, which must be investigated...

"If what appears to be coming out of the Bank of England is true, and this was a purely commercial decision, then we have to ask why HBOS is being sold. If it is true it needed to be rescued, then both the Bank of England and FSA failed HBOS."

6. The UK Shareholders Association (UKSA) has said that HBOS appeared to be profitable.

It said that if indeed it was a "good deal" for HBOS shareholders to sell the bank at about the current market price, the directors had a lot of explaining to do.

There are doubts whether HBOS shareholders will back the merger.

A spokesman for the UKSA, said: "Only if HBOS shareholders receive an adequate explanation that convinces them that a sale of the bank was essential should they approve the takeover by voting for it."

Gordon Brown whose leadership bid was "bankrolled" by Sir Ronald Cohen

According to The Telegraph, (Hedge funds clipped by short-selling ban) in March 2008, city traders were sent an anonymous email which said:

"We're hearing that tomorrow's Financial Times will write a piece about HBOS. It won't be pretty, likely to focus on £128billion of non-customer liabilities that must be rolled in the next three months. This will raise the spectre of a run on the bank."

The information was false.

But £3 billion was wiped off the value of HBOS shares.

Labour prime minister Harold Wilson, whose friends included Montague Meyer, Joe Kagan and Rudy Sternberg.

Gordon Brown and the London and Washington establishments do not want Scotland to become a successful independent country.

Has there been an Establishment plot to destroy HBOS and thus weaken Scotland?

The Bank of Scotland began in 1695 and later became known as HBOS.

On 18 September 2008, it was announced HBOS is to be 'taken over' by an English bank, Lloyds TSB.

On 17 september 2008, the Financial Services Authority declared that HBOS was still "a well-capitalised bank that continues to fund its business in a satisfactory way." (HBOS: The questions that must be answered)

Six weeks before this, Lloyds TSB had contacted HBOS about doing a deal. (Lloyds takes over HBOS in $21.7 billion deal with British PM )

Certain hedge funds got to work short-selling HBOS.

Robert Maxwell, another Jewish Labour Party figure who did some strange deals.

Philip Falcone's Harbinger Capital Partners is said to have made £280 million by gambling that HBOS's share price would go down. (Hedge funds clipped by short-selling ban)

The Scotsman newspaper, 19 September 2008, asks the following:

1. Why was action not taken earlier to prevent short sellers hijacking a sound financial institution?

2. Why was the Financial Services Authority so ineffectual as the crisis unfolded?

The Scotsman points out that the Bank of England could have offered financial assistance while weaker parts of the business were sold off.


Sir David Manning is on the board of Lloyds Halifax, which now includes what used to be Halifax - Bank of Scotland (HBOS).

Manning, who is Jewish, was HM ambassador to Israel between 1995 and 1998, foreign policy adviser to Blair from 2001 to 2003 and HM ambassador to the USA from 2003 to 2007.

On 31 July the Times disclosed that Sir David Manning was in the United States on 9 11. (Cached)

The Guardian described Manning as Britain's 'national security adviser' ". The BBC said that Manning was "head of the cabinet office defence and overseas secretariat" and was already "well known and respected in the White House".


Sir Victor Blank is the chairman of Lloyds Halifax which now includes what used to be the Bank of Scotland (HBOS).

Blank is the first Jew to chair a major UK clearing bank, Lloyds Halifax.

Blank is involved with the Labour Friends of Israel and is a governor of Tel Aviv University.

He is a promoter of business links between the UK and Israel. (Cached)

Blank is a member of the Jewish Leadership Council, which promotes Jewish interests.

Other members of the Jewish leadership Council include: Sir Ronald Cohen, Lord Janner and Lord Levy.

Blank was chairman of UJS (Union of Jewish Students) Hillel, an organisation which supports Jewish students.

Reportedly, the Union of Jewish Students is a zionist organization. (Cached)

Blank is a former Director of The Royal Bank of Scotland.

On 15 September 2008, Gordon Brown discussed HBOS with Sir Victor Blank.

Photo of Soros taken by Jeff Ooi. Posted to

In 1997, banks got into difficulty in Asia.

Malaysian Prime Minister Mahathir Mohamad thought he knew who was behind it all: George Soros, Jewish currency trader. (MAHATHIR VS. SOROS)

In 1992, the UK had the crisis of the European Exchange Rate Mechanism.

The Bank of England was forced to abandon efforts to stabilize the pound sterling.

A certain Jewish gentleman claimed that he had personally made over $1 billion in speculation against the British pound.

The speculator was the Hungarian-born George Soros, who reportedly has links to the Rothschilds, Mark Rich, and Rafi Eytan. (The Secret Financial Network Behind "Wizard" George Soros)

Soros allegedly "spent the war in Hungary under false papers working for the Nazi government, identifying and expropriating the property of wealthy fellow Jews." (The Secret Financial Network Behind "Wizard" George Soros)

George Soros reportedly played a part in undermining banks and currencies during the Asian financial crisis of 1997. (George Soros' role in the Asia Crisis of 1997)

Jakarta skyscrapers by Kevin Aurell from Indonesian Wikipedia

In 1997, some people suspected there was a plot against Indonesia.

"Indonesia's banking sector was devastated by the crisis that began in October 1997.

"Of the largest banks - the seven original state banks and the ten largest formerly private banks - none managed to remain solvent...

"65 were closed, 9 merged, and 4 nationalized." - (Banking Collapse and Restructuring in Indonesia, 1997-2001)

Up to 1997, the fundamentals of the Indonesian economy looked sound.

But, the Asian economies had been urged by the West to liberalise and deregulate markets and allow in lots of European and Japanese money.

Huge sums of money did flow in.

Then speculators shouted ‘fire’.

And the money flowed out."

There was a suspicion that the money-men in New York and London were taking advantage of events and that a lot of banks and businesses in South East Asia would end up in American and British hands

Edingburgh, Scotland from Flickr p5070019

Is there a plot against Scotland?

Scotland's first minister, Alex Salmond, has attacked the "spivs and speculators" who have targeted Scottish-based bank HBOS. (Salmond attacks financial 'spivs')

Salmond told BBC Scotland that HBOS was soundly based.

He said that financial regulators should have acted to prevent the speculative attack.

HBOS is to merge with Lloyds TSB after its share price plummeted.

A union has warned the merger could be "catastrophic" for the 17,000 HBOS staff based in Scotland

Salmond said the financial regulators the Financial Services Authority left HBOS vulnerable to speculative attack by failing to act.

He said HBOS was properly funded and had a good capital ratio.

"I am very angry that we can have a situation where a bank can be forced into a merger by basically a bunch of short-selling spivs and speculators in the financial markets," he said.

"We should not have situations where well capitalised, properly funded financial institutions are subject to incredible speculative attack, and that drives them into decision making which they otherwise might not have done.

"You have got to put the hems on that sort of activity, otherwise we will have a succession of companies going through the same process. All financial regulators have got to wake up to where we are at the present moment."

Reportedly, Tom McKillop, Chairman, The Royal Bank of Scotland Group, attended the 2008 Bilderberg meeting. (Cached)

What decisions might have been taken there about weakening Scotland and its SNP government?

Scott Reid, Deputy Business Editor of Glasgow's Herald newspaper (now American owned) reports that the chief executive and chairman of Lloyds Halifax will have the whip hand in the merged bank. (Scott Reid's blog: My part in HBOS's downfall)

Scotland will lose a major plc head office and lots of high street branches.

"Already Edinburgh, its business community, its band of lawyers, accountants and advisors will have been left reeling by the enormity of this week's events", writes Reid.

Reid mentions market murmurs of a possible HSBC/ Royal Bank of Scotland tie-up.

Reid comments: "the last person to leave Edinburgh: please turn off the light."


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