A mysterious Foundation X offered to fund the UK government with £17 billion, according to a speech by Lord James in the British Parliament, said Polizeros contributor Wood yesterday, adding that their motives could hardly be altruistic.
The story has gotten enough traction that Reuters is now mocking it (Aha, so that proves it must be true, right!)
Lord James always struck me as a perfectly sensible person, but he does seem to have gone completely bonkers here. But hey, at least he’s provided years’ worth of grist for conspiracy theorists around the world. Who could this Foundation X be?
The opine that Foundation X is the Office of International Treasury Control, an odd entity that claims to have more gold that has ever been mined.
Adding to the bizarreness of this is
Lord James, has “handled billions of pounds of terrorist money”; his “biggest terrorist client was the IRA”, who weren’t as nasty as the north African terrorists.
and, from the comments
There is an earlier connection between Baron James and the OITC if anyone cares to check. Both tried to buy the ailing MG group in the UK back in 2005. (Check their respective Wikipedia entries.) Thus it seems very surprising that Baron James could have no knowledge of “Foundation X”.
While this all may turn out to be a epic attempted Nigerian scam (My advice: Never try to swindle entities with fighter jets, missiles, and armies at their disposal) the truth is, there are indeed many entities trying to buy control of governments and resources.
The most potent force in global commerce today is not the Federal Reserve, multinational banks, or the governments of the G7 countries. Rather, it is the multi-trillion-dollar network of super-rich, secretive, and largely unregulated investment vehicles–foreign sovereign wealth funds, government-run corporations, private equity funds, and hedge funds–that are quietly buying up the world, piece by valuable piece.
Let’s be clear. Much of the uncontrolled and unregulated money that goes sluicing around the world is drug money. An ever-willing and corrupt financial system is set up to handle it too, happy to disguise the source. So, if someone comes knocking on the UK government door with £17 billion with no apparent strings attached, hey, the first one is always free.
And lest you think all of this is fanciful and it can’t happen here.
Drug money laundered by banks kept financial system going during peak of the 2008 financial crisis.
Drug money worth billions of dollars kept the financial system afloat at the height of the global crisis [said] the United Nations’ drugs and crime tsar.
Antonio Maria Costa, head of the UN Office on Drugs and Crime, said he has seen evidence that the proceeds of organised crime were “the only liquid investment capital” available to some banks on the brink of collapse last year. He said that a majority of the $352bn (£216bn) of drugs profits was absorbed into the economic system as a result.