See below for a transcript of Lord James' speech:

Lord James of Blackheath Hansard offical transcript for 16 Feb 2012
Lord James of Blackheath - 15 Trillion dollars and 750 thousand metric tonnes of gold
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Lord James of Blackheath - 15 Trillion dollars and 750 thousand metric tonnes of gold

16.02.2012 17:37 in Lord James of Blackheath


Breaking news Lord James of Blackheath has spoken in the House of Lords holding evidence of three transactions of 5 Trillion each and a transaction of 750,000 metric tonnes of gold and has called for an investigation.

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Video extract found on Youtube.

Update 21:22 GMT:

Unofficial Transcript of the speech by Lord James of Blackheath, in the Lords Chamber of the House of Lords, London, on 16 February 2012

I'm going to start with my conclusions, but I'm not going to sit down when I've made them. Because I'm then going to give you the evidence to support them and hopefully present to you the reasons why I want support for an official inquiry into the mischief I want to unfold to you this afternoon.

My lords, I have been engaged in pursuit of this issue for nearly 2 years now, and I'm no further through to getting to the truth.

I think there are three possible conclusions that may come from it. I think there may have been a massive piece of money laundering committed by a major government which ought to know better and that it has effectively undermined the integrity of the British bank the Royal Bank of Scotland, in doing so. The second alternative is that a major American department has an agency that has gone rogue on it because it has been wound up and has created a structure out of which they are seeking to get at least 50 billion Euros as a payoff. And the third possibility is that this is an extraordinarily elaborate fraud which has not been carried out but which has been prepared in order to provide a threat to one government or more if they don't pay them off. So there are three possibilities and this all needs a very urgent review.


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The $15 Trillion Mystery: Opinion

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Regular readers will be familiar with some of my own speculation into U.S. money-laundering (and counterfeiting of its own currency). Of interest, my own theorizing was based on a series of logical deductions that implied that some massive money-laundering operation (of counterfeit currency) must be taking place in the dying U.S. economy. And now we have a detailed paper-trail on the largest (known) money-laundering operation in history.

To refresh the memory of regular readers and to inform new readers, back on Jan. 3, I published a commentary titled "Maximum Fraud in U.S. Treasuries Market". In that commentary, I outlined a series of simple-yet-obvious deductions pointing out the following facts:

1.There are (virtually) no visible buyers for U.S. Treasuries on the planet (at any price).

2.Even if there were interested buyers, there are no sources of capital available to mop up all the trillions in supply being dumped onto the market each year.

3.Even if there actually were interested buyers, and even if they could scrounge the $trillions to buy this worthless paper, it is utterly absurd to suggest that these buyers would pay (by far) the highest prices in history for this paper at a time of maximum supply. It defies every basic principle of supply and demand.

4.Taking this scenario from "absurd" to outright insanity, the U.S. economy has never been less solvent in its entire history. This directly implies that U.S. Treasuries should be fetching the lowest prices in history -- not the highest -- just like the worthless bonds being flogged by Europe's deadbeat-debtors.

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Here's a better quality video of the speach

According to Benjamin Fulford Bush Sr. and Bill Gates have been arrested for trying to prevent a new financial settlement which would not be good for the cabal.

I saw this in a yahoo groups message which included this information.



Simon

No offence Simon but until I see that Piece of Grabage in hand cuffs and before a judge I will not believe this story...

Goldman Sachs director quits 'morally bankrupt' Wall Street bank

Greg Smith resigns as executive director of Goldman's European equity derivatives business after devastating attack

Juliette Garside and Jill Treanor

guardian.co.uk, Wednesday 14 March 2012 09.52 EDT

A Goldman Sachs director in London has resigned after publishing a devastating open letter accusing senior staff of being "morally bankrupt" and bent on extracting maximum fees from clients by offloading unsuitable investment products.

Greg Smith, who has left his post as executive director of the firm's equity derivatives business in Europe, claimed that chief executive Lloyd Blankfein and president Gary Cohn have "lost hold of the firm's culture on their watch". He added that "this decline in the firm's moral fibre represents the single most serious threat to its long-run survival".

Smith's charges, which were swiftly denied by the bank, were published in Wednesday's New York Times and raised questions about the firm's relationship with existing clients, whom Smith claimed were referred to as "muppets".

Lord Oakeshott, the Liberal Democrat peer and his party's former Treasury spokesman in the Lords, said the matter raised questions about any relationship between the UK government and Goldman.

Smith, who joined Goldman as a summer intern and worked at the firm for 12 years, first in New York and then in London, claimed managing directors made their remarks about "muppets" in internal email.

"I attend derivatives sales meetings where not one single minute is spent asking questions about how we can help clients. It's purely about how we can make the most possible money off them."

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