Did Somebody Just Try to Buy the British Government?

by Charlie Stross, Antipope.org, November 3, 2010
Published here: Saturday, November 7 @ 12:17 AM

Lord James of Blackheath

(Hat tip to [REDACTED] over on LJ for spotting this one …)

Hansard is the official printed transcript of the proceedings of the houses of parliament — in other words, the working log of the British government.

It is an authoritative primary source, and records every speech made in the House of Commons and the House of Lords. Interestingly, it also records words spoken under parliamentary privilege.

So when an eminent member of the House of Lords stands up six hours into a debate and blows the gaff on a shadowy foreign Foundation making a bid to buy the British state, and this is recorded in Hansard, one tends to sit up and take notice. And one takes even more notice when His Lordship tip-toes around actually naming the Foundation in question, especially after the throw-away about money-laundering for the IRA on behalf of the Bank of England. Parliamentary privilege only stretches so far, it seems, and Foundation X is beyond its reach. I’m going to quote at length below the cut — if you want to read the original, search for “1 Nov 2010 : Column 1538” which is where things begin to tip-toe into Robert Ludlum territory.

(NB: The venue is the House of Lords, at 10:42pm on November 1st, 2010.)

Lord James of Blackheath: At this point, I am going to have to make a very big apology to my noble friend Lord Sassoon [Treasury Minister], because I am about to raise a subject that I should not raise and which is going to be one which I think is now time to put on a higher awareness, and to explain to the House as a whole, as I do not think your Lordships have any knowledge of it. I am sorry that my noble friend Lord Strathclyde [Leader of the House] is not with us at the moment, because this deeply concerns him also.For the past 20 weeks I have been engaged in a very strange dialogue with the two noble Lords, in the course of which I have been trying to bring to their attention the willing availability of a strange organisation which wishes to make a great deal of money available to assist the recovery of the economy in this country. For want of a better name, I shall call it foundation X. That is not its real name, but it will do for the moment. Foundation X was introduced to me 20 weeks ago last week by an eminent City firm, which is FSA controlled. Its chairman came to me and said, “We have this extraordinary request to assist in a major financial reconstruction. It is megabucks, but we need your help to assist us in understanding whether this business is legitimate”. I had the biggest put-down of my life from my noble friend Lord Strathclyde when I told him this story. He said, “Why you? You’re not important enough to have the answer to a question like that”. He is quite right, I am not important enough, but the answer to the next question was, “You haven’t got the experience for it”. Yes I do. 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.

Baroness Hollis of Heigham [Labour]: Where did it go to?

Lord James of Blackheath
: Not into my pocket. 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.

The point is that when I was in the course of doing this strange activity, I had an interesting set of phone numbers and references that I could go to for help when I needed it. So people in the City have known that if they want to check out anything that looks at all odd, they can come to me and I can press a few phone numbers to obtain a reference. The City firm came to me and asked whether I could get a reference and a clearance on foundation X. For 20 weeks, I have been endeavouring to do that. I have come to the absolute conclusion that foundation X is completely genuine and sincere and that it directly 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.

I made the phone call to my noble friend Lord Strathclyde on a Sunday afternoon—I think he was sitting on his lawn, poor man—and he did the quickest ball pass that I have ever witnessed. If England can do anything like it at Twickenham on Saturday, we will have a chance against the All Blacks. The next think I knew, I had my noble friend Lord Sassoon on the phone. From the outset, he took the proper defensive attitude of total scepticism, and said, “This cannot possibly be right”. During the following weeks, my noble friend said, “Go and talk to the Bank of England”. So I phoned the governor and asked whether he could check this out for me. After about three days, he came back and said, “You can get lost. I’m not touching this with a bargepole; it is far too difficult. Take it back to the Treasury”. So I did. Within another day, my noble friend Lord Sassoon had come back and said, “This is rubbish. It can’t possibly be right”. I said, “I am going to work more on it”. Then I brought one of the senior executives from foundation X to meet my noble friend Lord Strathclyde. I have to say that, as first dates go, it was not a great success. Neither of them ended up by inviting the other out for a coffee or drink at the end of the evening, and they did not exchange telephone numbers in order to follow up the meeting.

I found myself between a rock and a hard place that were totally paranoid about each other, because the foundation X people have an amazing obsession with their own security. They expect to be contacted only by someone equal to head of state status or someone with an international security rating equal to the top six people in the world. This is a strange situation. My noble friends Lord Sassoon and Lord Strathclyde both came up with what should have been an absolute killer argument as to why this could not be true and that we should forget it. My noble friend Lord Sassoon’s argument was that these people claimed to have evidence that last year they had lodged £5 billion with British banks. They gave transfer dates and the details of these transfers. As my noble friend Lord Sassoon, said, if that were true it would stick out like a sore thumb. You could not have £5 billion popping out of a bank account without it disrupting the balance sheet completely. But I remember that at about the same time as those transfers were being made the noble Lord, Lord Myners [former Labour Treasury Minister], was indulging in his game of rearranging the deckchairs on the Titanic of the British banking community. If he had three banks at that time, which had had, say, a deficiency of £1.5 million each, then you would pretty well have absorbed the entire £5 billion, and you would not have had the sore thumb stick out at that time; you would have taken £1.5 billion into each of three banks and you would have absorbed the lot. That would be a logical explanation—I do not know.

My noble friend Lord Strathclyde came up with a very different argument. He said that this cannot be right because these people said at the meeting with him 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. My noble friend Lord Strathclyde came back and said to me that he had an analyst working on it and that this had to be stuff and nonsense. He said that they had come up with a figure for the amount of bullion that would be needed to cover their currency reserves, as claimed, which would be more than the entire value of bullion that had ever been mined in the history of the world. I am sorry but my noble friend Lord Strathclyde is wrong; his analysts are wrong. He had tapped into the sources that are available and there is only one definitive source for the amount of bullion that has ever been taken from the earth’s crust. That was a National Geographic magazine article 12 years ago. Whatever figure it was that was quoted was then quoted again on six other sites on the internet—on Google. Everyone is quoting one original source; there is no other confirming authority. But if you tap into the Vatican accounts—of the Vatican bank–— come up with a claim of total bullion—

Lord De Mauley [Government Whip]: The noble Lord is into his fifteenth minute. I wonder whether he can draw his remarks to a conclusion.

Lord James of Blackheath: The total value of the Vatican bank reserves would claim to be more than the entire value of gold ever mined in the history of the world. My point on all of this is that we have not proven any of this. Foundation X is saying at this moment that it is prepared to put up the entire £5 billion for the funding of the three Is recreation; the British Government can have the entire independent management and control of it—foundation X does not want anything to do with it; there will be no interest charged; and, by the way, if the British Government would like it as well, if it will help, the foundation will be prepared to put up money for funding hospitals, schools, the building of Crossrail immediately with £17 billion transfer by Christmas, if requested, and all these other things. These things can be done, if wished, but a senior member of the Government has to accept the invitation to a phone call to the chairman of foundation X—and then we can get into business. This is too big an issue. I am just an ageing, obsessive old Peer and I am easily dispensable, but getting to the truth is not. We need to know what really is happening here. We must find out the truth of this situation.

I am left rubbing my eyes.

Did a not-obviously-insane member of the government — a corporate troubleshooter and Conservative life peer — really just stand up in the House of Lords and announce that a shadowy Foundation (that might or might not represent the Vatican) was offering the British government an investment of umpty-billion pounds in order to reboot the economy — free, gratis, with no strings attached?

Or am I just imagining the “no strings attached” clause?


More references:




11 thoughts on “Did Somebody Just Try to Buy the British Government?

  1. carolks

    WOW!!!!! Its Christmas time on the planet. I am going to choose to believe Lord James of Blackheath.

    With that in Mind–“What a wonderful surprise!”

  2. Yes that is a good theory. It is hard for me to understand why any banking based foundation would want to help, since it is in their favour that countries take loans. Rothshields are pretty much in control of G.B.’s finances anyway, so perhaps an Arab backed foundation isn’t so far fetched?

  3. Gethere2

    If you bring in that amount of gold from a previously unknown source, you have just reduced the value of gold by 50%. As the demand has not changed since yesterday and the gold on the market is doubled.
    Or if the gold is counted as backing of currency in circulation, money has now doubled in value since yesterday.

    I checked the quotes, this has not happened. ergo: bullshit detected.

    These are the same people that declared war on Iraq and Afghanistan. I wish you a lot of luck, you’ll be needing it. Perhaps Lord James must stay away from those red pills.

  4. IAmLonefrog

    No strings attached? No interest? No repayment schedule?

    Think again, you all know better.

    “Foundation X’s motivation is not to gain more wealth but to maintain the wealth they have accumulated over the last one hundred years or so”.

    I can think of no foundations right off the top of my head that have gained this kind of wealth without making others suffer. War, drugs, derrivatives, building infrastructure for third world countries under the guise of progress while enslaving them with debt, exporting manufacturing industries, you name it, but I will be willing to bet this money wasn’t earned honestly. These X’s earned their bullion in a world in which they manipulated governments and coerced the unaware to do there bidding. I would not want to be named either if I was offering you all of my blood money.

    So let’s just say the Brits take this offer and get out of debt while building all of these schools, hospitals, railways and so on and so forth. The least they can expect is more of the same (and then some).

    That’s right, the most highly survieled country in the world will give “lock down” a whole new meaning.

    Just remember how they earned it and HOW THEY WILL CONTINUE TO EARN IT if given the opportunity. Perhaps if they divulged their money earning techniques to the world then…nah, nevermind, it’s all relative.

    I really don’t want to end this on a pessimistic note but the best I can come up with is that their gold was shipped in from a planet where it is as abundant as hydrogen is here on Earth.

    The hell with it, go ahead and sell your soul England.

  5. Alex Leonard

    I believe all that I have read. I have read that the Rothchilds are involved in this. I have references to them here on the net. What is a bout to happen will be awesome. Beware… some shocking things are about to be revealed… just let the stories unfold before your eyes. Don’t hold your breath… take in a deep breath now and then for all shall be revealed. The twenty-first century is about to unfold… and in the end end it will be quite refreshing.

  6. Susan A.

    Wow, this is shocking. I will be curious how legitimate this offer is and who is making the offer. An organization that has accumulated that much money over a hundred years. Not many could have done it.

    As for the “no strings attached”, that is even more difficult to believe.

    1. Daniel

      Hard to believe at first, probably just another hoax or politician gone crazy i’d say. But when you let it sink in a bit, it’s possible (which would make it a good hoax if it wasn’t so important a matter).
      Is it possible that some of the rich people on this planet actually care about more than themselves. Is supporting the current economy to ensure ctheir continued welth and the life that goes with it a possible motive. It is possible to me. Unlikely yes, most people with money have proven to not give a damn about anything but themselves, but i’ve seen some that have acted as if they cared, they are human, i’d say it’s definitely possible, it’s not like they’d be hurt by this action, quite the contrary. Even the no strings attached is possible, the politicians in power will suddenly be aware of this Foundation X, the people connected to it, and will undoubtably return them all kinds of favours (which shouldn’t be a bad thing necessarily, if you never noticed a dog that in a critical moment saved you, you’ll most probably never forget him, but it might very well be).
      The question that i’m thinking of is shouldn’t this money be spent to turn to a green economy, green energy, before the end of all the coal/oil (which is approaching, mind you, see Hubbert’s peak for info)? Which reminds me that one possible group behind the Foundation X could be oil-related (but then i fear one of the untold strings will be continued dependance on oil).

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