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David Crayford and the ITC Last Updated: Sep 3, 2019 - 2:12:42 AM


DAVID CRAYFORD -------- AMERICA TAKE ABSOLUTELY NO NOTICE OF THE TRUTH OR INTERNATIONAL TREATIES, WHEN BOTH OF THESE HAVE IN THE PAST BAILED AMERICA OUT OF BANKRUPTCY, SEVERAL TIMES I ADD. ----------------
By DAVID CRAYFORD
Sep 6, 2019 - 2:05:34 AM

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DAVID CRAYFORD -------- AMERICA TAKE ABSOLUTELY NO NOTICE OF THE TRUTH OR INTERNATIONAL TREATIES, WHEN BOTH OF THESE HAVE IN THE PAST BAILED AMERICA OUT OF BANKRUPTCY, SEVERAL TIMES I ADD. ----------------

------------- NOW THE US TREASURY HAS HINTED TO DONALD TRUMP THAT HE COULD POSSIBLY USE SOME 1911 CHINESE RAILWAY BONDS WORTH US$ 1 TRILL AGAINST CHINA BY DEMANDING PAYMENT FROM CHINA AGAINST THE BONDS ----------

Will these Americans ever learn a lesson in truth and compliance with International treaties ????? One could possibly talk (Better a hard and long lecture to the Americans) until they are "Blue in the Face" and the Americans  would still not understand TRUTH and COMPLIANCE with International Treaties, let alone anything else.


I am referring to a specific section of Benjamin Fulford's latest article:- https://www.rumormillnews.com/cgi-bin/forum.cgi?read=130614 in which he refers to an article:- secure financing.
https://www.msn.com/en-us/news/finance-saving-investing/longshot-bet-on-ancient-chinese-bonds-could-pay-off-thanks-to-trade-war/ar-AAGuXZa


The Article states:-


Longshot bet on ancient Chinese bonds could pay off thanks to trade war

Tracy Alloway

4 days ago

President Donald Trump's next move in an increasingly fraught trade war with China could be one for the history books, literally. The Trump administration has been studying the unlikely prospect of reviving century-old claims on Chinese bonds sold before the founding of the communist People's Republic.

The defaulted China bonds can be found in the attics and basements of thousands of Americans, or on EBay, where the certificates sell as collectibles for as little as a few hundred dollars each. The PRC, which succeeded the Republic of China after it replaced the imperial dynasty, has never recognized the debt, though that hasn't stopped decades of attempts to collect payment on it.

Now, with Trump ratcheting up the trade rhetoric with China, holders of the antiquarian bonds are hoping he'll press their case, even as other parts of the U.S. government are accusing people of fraudulently selling the same paper.

Perhaps the only thing more peculiar than the story of the Chinese debt and the unlikely bid to seek payment on it, is the cast of characters drawn into its orbit. President Trump, U.S. Treasury Secretary Steven Mnuchin, and U.S. Commerce Secretary Wilbur Ross have met with bondholders and their representatives. Kirbyjon Caldwell, pastor of a Texas megachurch and spiritual adviser to George W. Bush, has been charged by the U.S securities regulator for selling the debt to elderly retirees. (Caldwell has pleaded innocent and maintains that the bonds are legitimate.)

"With President Trump, it's a whole new ballgame," says Jonna Bianco, a Tennessee cattle rancher who leads a group representing pre-revolutionary China bondholders and who has met with the president. "He's an ‘America First' person. God bless him."

Hundreds, if not thousands, of these 5% Hukuang Railways Sinking Fund Gold Loan of 1911 bonds - issued in 1911 by a consortium of banks in London, Berlin, Paris, and New York - appear to have survived.

The Hukuang Railway bond is a thing of beauty. Printed with an ornate border and carrying a large chop, the debt was sold in 1911 to help fund construction of a rail line stretching from Hankou to Szechuan.

The U.S. once referred to the money that flowed into China at the turn of the 20th century as "dollar diplomacy"-a way of building relations with the country (and its massive untapped market) by helping it industrialize. The Chinese have another term for it: For them it fits squarely into China's "Hundred Years of Humiliation," when the Middle Kingdom was forced to agree to unfair foreign control.

For Trump, the bonds could be something else: leverage in his fight with China. That's what Bianco, who co-founded the American Bondholders Foundation in 2001 to represent holders of the debt, is hoping for.

Bianco says she's spent years researching China's legal obligations and recruiting high-profile proponents to the ABF team, including Bill Bennett, who was U.S. Secretary of Education under Ronald Reagan; Brian Kennedy, senior fellow at the Claremont Institute; and Michael Socarras, Bush's nominee for Air Force general counsel. By Bianco's reckoning, China owes more than $1 trillion on the defaulted debt, once adjusted for inflation, interest, and other damages-a sum roughly equivalent to China's holdings of U.S. Treasuries.

"What's wrong with paying China with their own paper?" says Bianco.

She met with Trump at his sprawling golf course in Bedminister, N.J., last August, in an encounter she describes as "wonderful." Since then she's met with Mnuchin, though she won't reveal what was discussed. ABF reps, including Bennett, Kennedy, and Socarras, met with Commerce Secretary Ross in April, Bianco says.

People familiar with the Treasury Department say the China bonds have been studied, but ABF's suggestions-including the possibility of selling the defaulted debt to the U.S. government to then exchange with China-aren't legally viable. Spokespeople for Treasury and Commerce declined to comment. People familiar with the views of Chinese officials say they're aware of the meetings, but they don't think the claims can be revived.

At issue is a statute of limitations that has long run its course and the fuzzy legal obligations of governments that inherit their predecessor's debts following civil upheavals. In one of the most famous cases, the Soviet Union repudiated bonds sold under the Tsar, inflicting losses on thousands of investors who had snapped up the paper. Still, most agree that as a legal principle, political regimes inherit their predecessors' debt; most governments choose to honor old bonds, in part because they don't want to alienate investors who might buy new ones.

"I think everyone who works for Trump at the Treasury Department thinks this is loony," says Mitu Gulati, law professor at Duke University and a sovereign-debt restructuring expert. "But I can't help but be tickled pink, because at a legal level these are perfectly valid debts. However, you've got to get a really clever lawyer to activate them."

Clever lawyers have tried before. The closest anyone got to wringing payment out of China was a class action suit brought by bondholders in 1979 that managed to bring the PRC to court to defend itself for the first time. Gene Theroux, formerly senior counsel at Baker & McKenzie LLP, helped represent the Chinese government in court.

Theroux, now retired, remembers the landmark case well. "The requests of us as lawyers were occasionally unusual," he says, including China nixing any citation of previous cases with "Republic of China" in the title, given its refusal to recognize the regime under its "One China" policy. (Eventually, Baker & McKenzie resolved the problem by citing old cases as "Republic of China [so-called].")

The suit was thrown out on the basis that the 1976 Foreign Sovereign Immunities Act, which allows U.S. courts to hear cases against foreign governments for commercial claims, could not be retroactively applied to bonds issued at the turn of the century.

Since then, a 2004 Supreme Court decision ruled that the FSIA could apply retroactively in a case immortalized in the movie Woman in Gold. The ruling paved the way for Maria Altmann to reclaim paintings by the famous Austrian artist Gustav Klimt decades after they'd been seized by the Nazis.

That still leaves the problem of reactivating modern legal claims on debt that is now decades old. Gulati argues that this could perhaps be done-for instance, by arguing that China making payments on modern bonds violates pari passi (equal payment) clauses embedded in the historic debt. Such clauses were successfully used by hedge funds seeking payment from Argentina a few years ago. It's a legal long shot, but one that Gulati has assigned to his law students as a theoretical exercise.

The U.S. Securities and Exchange Commission is studying the debt, too. In a 2018 complaint against Pastor Caldwell and a self-described financial planner named Gregory Alan Smith, the SEC accused the pair of raising at least $3.4 million by persuading 29 investors to buy the pre-revolutionary bonds. Some of the buyers, mostly elderly retirees, liquidated their annuities to invest, the SEC said.

Messages left for Caldwell's lawyer, Dan Cogdell, weren't returned. In a press conference in March, Cogdell said the charges against his client were "false." Caldwell, who was educated at Wharton before working as a bond salesman at First Boston and going on to officiate at Jenna Bush's wedding, said the bonds are "legitimate" and has returned money to investors at their request. Smith entered a plea agreement to the charges last month.

"Defendants falsely represented to these investors that the bonds were safe, risk-free, worth tens, if not hundreds, of millions of dollars, and could be sold to third parties," the SEC said in its complaint. "In reality, the bonds were mere collectible memorabilia with no investment value."

A brief on all of this was also sent to me by one of our people who has shown his disdain for unlawful American acts / actions over decades, against the Collateral Accounts, which is, at this moment saving America from absolute bankruptcy.

Within the above MSN article by Tracy Alloway there are sections of comments that I will respond to:-

Comment, quote:  ""What's wrong with paying China with their own paper?" says Bianco."

DC Comments:  That's fine if you actually own these Bonds and are the legally registered title owner. However, America does not own these Bonds, nor do any of the Americans or America hold legal title to them.


They are part of the Global Debt Facility stolen from the depository in Taiwan. In fact there are thousands of Ancient Bonds issued by various countries from the early 1800's right through to the 1970's, stolen (By Americans) from this particular depository, which includes Petchilli Bonds, Chinese Sovereign Bonds, Chinese Railway Bonds, etc, etc, etc.


One might ask as to how the Global Debt Facility came to own these Bonds. I will explain with one specific situation.

After WW I many countries held an enormous amount of Debt, not only from their efforts and the costs involved in WW I but also their debt factor accumulated prior to WW I which was incurred in respect of development and expansion of the economy. In China the loans were granted to mainly accommodate the growing drug trade, as well as the Silk and Spices, from China to the West.

This was also the case in many other countries such as India, Pakistan, and other countries in South East Asia, and even in South America.


After WW I there was no chance that these debts would ever be paid off. This is where the Global Debt Facility stepped in to assist all these countries. The Gold originally loaned to these countries from the Global Debt Facility, was effectively "Written Off" whereby all these antique Bonds were legally transferred to the Global Debt Facility as payment for the gold loaned by the GDF.

This is all part of the 1920/21 International Treaty which America and its Allies executed and then subsequently discarded because it did not suit their purpose.


The Gold loaned to these countries was then utilised to pay off the debt of the applicable country by transferring same to the lending country, which was always the major western countries .......... America, the UK, France, etc.who just happen to be the very same parties to the Trilateral Trillenium Tripartite Gold Commission (TTTGC) establish after WW II to accommodate the very same type of debt operation after the devastation of WW II, which in reality was very "One Sided" and only accommodated America and its Allies, not the countries who really needed the funds to rebuild their economies.

These Bonds have since been utilised by the GDF as collateral for loans to other countries by the GDF, not by America or any other country.


For all of this we can thank, and should thank, the Royal Families of the World and their vision in an attempt to assist all these unfortunate countries by effectively "Writing off" the debt of these countries and agreeing to take all these bonds, certificates, and notes into the GDF as payment in part or full so that the affected countries could start again with a clean sheet without being chained to past extortionate debt factors imposed by the Western Countries.


SO AMERICA, let's get things straight so that the world knows what you have been doing and what you are still doing which is detrimental to the whole world and the majority of people of the world, with your cunning, devious, crooked schemes you have been using for decades.

YOU DO NOT OWN THESE BONDS, AND YOU DO NOT HAVE LEGAL TITLE TO THESE BONDS, so, KEEP YOUR DIRTY MITS OFF THE PROPERTY OF THE GLOBAL DEBT FACILITY AND DON'T MAKE ANY ATTEMPT TO USE THESE OR ANY OTHER BONDS TO PLAY YOUR DISGRACEFUL, CUNNING, AND UNLAWFUL GAMES AGAINST CHINA OR ANY OTHER COUNTRY.


Donald Trump probably wants his eyes opened to your devious and unlawful schemes, so we will be sending an Official Communication, by Official Diplomatic Pouch, to Donald Trump fully explaining the truth to him. If he does nothing about it, which is always a possibility, then we will class Donald Trump as an accomplice and complicit in the theft and fraud against The Global Debt Facility.

We will also ensure that the whole world knows how you have stolen assets, and fraudulently used assets of the GDF to build America over decades, which has not been built, as some appear to believe so, by the Hard work of the American people. America cannot continue using the property of others as leverage for their own stability, or devious acts, against other countries.


In my honest opinion, America does not have one shred of ethics or honesty anywhere in their bodies whereby you have lied time and time again to cover up your criminal activities against the world and its people.


Sooner or later such criminal activities will cause the complete downfall of America and its people, whereby living as paupers is not far around the corner for you all. I just hope that I am still alive on this planet to see it and then I can say "Told you so". Your day of reckoning is coming America and many around the world look forward to it.


Other comments within this MSN article are:-


Hundreds, if not thousands, of these 5% Hukuang Railways Sinking Fund Gold Loan of 1911 bonds - issued in 1911 by a consortium of banks in London, Berlin, Paris, and New York - appear to have survived.

DC Comments: These were not issued by the named banks. These banks were the "Under-writers of these Bonds". The Bonds were actually issued by the Chinese Government on behalf of the Hukuang Railway Fund.

The Hukuang Railway bond is a thing of beauty. Printed with an ornate border and carrying a large chop, the debt was sold in 1911 to help fund construction of a rail line stretching from Hankou to Szechuan.

Total B.S. The MSN reporter and others do not have a clue and that is because they do not hold the relevant security clearance to be able to access the official records on this matter and many other such matters. So this reporter and others believe the narrative put out by theser criminals.

The U.S. once referred to the money that flowed into China at the turn of the 20th century as "dollar diplomacy"-a way of building relations with the country (and its massive untapped market) by helping it industrialize. The Chinese have another term for it: For them it fits squarely into China's "Hundred Years of Humiliation," when the Middle Kingdom was forced to agree to unfair foreign control.

Dollar Diplomacy B.S. More like, and as the Chinese refer to it as being forced to agree to unfair foreign control. It wasn't even American money behind these Bonds.

For Trump, the bonds could be something else: leverage in his fight with China. That's what Bianco, who co-founded the American Bondholders Foundation in 2001 to represent holders of the debt, is hoping for.

Another American (Bianco) who knows absolutely "Diddly Squat" but who indicates that she is a highly intelligent and an educated individual. The people with real knowledge and the security clearance, are never consulted because if they were the truth would be revealed in full and these idiotic people lacking in knowledge and any decency whatsoever, plus supporting others who are in possession of stolen property, would crawl back into their little holes and never be seen again.

Bianco says she's spent years researching China's legal obligations and recruiting high-profile proponents to the ABF team, including Bill Bennett, who was U.S. Secretary of Education under Ronald Reagan; Brian Kennedy, senior fellow at the Claremont Institute; and Michael Socarras, Bush's nominee for Air Force general counsel. By Bianco's reckoning, China owes more than $1 trillion on the defaulted debt, once adjusted for inflation, interest, and other damages-a sum roughly equivalent to China's holdings of U.S. Treasuries.

And none of those persons mentioned hold any security clearance whatsoever to allow them access the Official Secret Records. Therefore what on earth is this woman talking about and then boasting about meeting with and discussing this with Donald Trump. Sounds like a real arse-hole creeper to me.

Americans at this level really love to make themselves appear more important than what they really are, which is dumbed down individuals trying to get a "Leg Up" in society, or in some cases "A leg Over", utilising something that appears to be favourable to America but in fact results in criminal activity.

America just cannot appear to get out of this gullible criminal mindset, or trying to make themselves appear bigger and better than all others.. Jokers, Idiots, Conmen, Fraudsters, Liars, Irresponsible, Immature, Insecure, and Insane, all living on Fantasy Island (No not Epstein's Island, although some of them may be involved).

And they claim, along with Israel, to be the chosen race. Chosen for what I ask, one cannot put a dilapidated, rust bucket of a car in the La Mans 24 hour race. Perhaps they have been chosen for the testing of the modern day guillotine, or mass hangings from the lamp-posts and bridges around the world.

Whatever, their days of demise are coming and they are not far away.

Regards

David Crayford

© and Copy Holder plus ® to David P. Crayford in conjunction with Abundanthope.net.

 




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DAVID CRAYFORD -------- AMERICA TAKE ABSOLUTELY NO NOTICE OF THE TRUTH OR INTERNATIONAL TREATIES, WHEN BOTH OF THESE HAVE IN THE PAST BAILED AMERICA OUT OF BANKRUPTCY, SEVERAL TIMES I ADD. ----------------
DAVID CRAYFORD --------- BANKS, BUSINESSES, AND EVEN PRIVATE PERSONS WERE WARNED ABOUT FAKE GOLD BACK ON SEPTEMBER 9TH 2015 ----------------
DAVID CRAYFORD ------------- NO MATTER HOW MANY TIMES I EXPLAIN THE REAL FACTS OF THE COLLATERAL ACCOUNTS (GLOBAL DEBT FACILITY), IN BLACK AND WHITE, SO THAT PEOPLE CAN UNDERSTAND THE TRUTH …………………
DAVID CRAYFORD ………….. AMERICA, AMERICA, AMERICA, WHAT THE HELL ARE YOU DOING? DO YOU NOT REALISE THAT YOU, AND SOME OF YOUR ALLIES; ARE THE WORLD’S BIGGEST PROBLEM……………
DAVID CRAYFORD ---------- MANNA WORLD HOLDING TRUST (SOMETIMES SPELLED MANNA AND SOMETIMES MANNU) FURTHER INFORMATION AS AN ADDENDUM TO MY PREVIOUS ARTICLE ON THE SUBJECT DATED 30TH MAY 2019 ………………
DAVID CRAYFORD: ………………… IT HAS HAPPENED AGAIN.
Responding to DAVID CRAYFORD ............... RESPONDING TO RON'S RESPONSIVE ARTICLE RE: Political Information ----- May 24, 2019 - After Trillions Printed Under QE, Politicians Now Say Deficits Don't Matter.
DAVID CRAYFORD …………… RESPONDING TO RON’S RESPONSIVE ARTICLE RE:
DAVID CRAYFORD …………….. I NEEDED TO WRITE THIS ARTICLE BASED UPON THE INFERNO CATASTROPHE OF THE NOTRE DAME CATHEDRAL IN PARIS ……………….
DAVID CRAYFORD ………….. NO MATTER HOW HARD ONE TRYS TO EDUCATE PEOPLE, THEY DON’T, OR WON’T BELIEVE WHAT YOU SAY UNLESS YOU CAN GIVE THEM PROOF …………..
DAVID CRAYFORD ………. THE ENIGMA SURROUNDING LORD JAMES, THE $15 TRILLION USD, 750,000 MT OF GOLD, AND JOHAN RIYADHI……………..
DAVID CRAYFORD --------- LORD JAMES OF BLACKHEATH WHO REVEALED THE $15 TRILLION USD FROM J.P.MORGAN (AMERICA) DEPOSITED IN RBS (UK) via HSBC; AND THE MYSTERIOUS FOUNDATION X…………………
DAVID CRAYFORD ------- WHY IS IT THAT PEOPLE ACROSS THE WORLD ARE SO NAIVE, STUPID, AND WHOSE MINDS ARE SO BLINKED UPON A SPECIFIC FALSE NARRATIVE THAT NEVER SEEMS TO CHANGE …………..
DAVID CRAYFORD -------------- FULFORD AND WILCOCK ARE CONTINUING TO PUSH OUT MISLEADING INFORMATION . ………
DAVID CRAYFORD -------- WELL, I DIDN’T EXPECT THE QUANTITY OF RESPONSES I RECEIVED AFTER BY ARTICLE DATED 3RD MARCH 2019 …………………
DAVID CRAYFORD ---------- REFERENCE TO PART 2 OF MY ARTICLE “WHAT A REAL BLOODY MESS THE WORLD IS IN” DATED 3RD MARCH 2019 ----------
David Crayford ------------- Fulford’s latest article is a real bag of Pick and Mix Assortments” ---------------
DAVID CRAYFORD -------- WHAT A REAL BLOODY MESS THE WORLD IS IN--------
DAVID CRAYFORD .......… AN UPDATE ON MY ARTICLE DATED 15TH DECEMBER 2018 TITLED ………
DAVID CRAYFORD ………. HERE WE GO AGAIN WITH YET ANOTHER CRIMINAL AND UNLAWFUL ATTEMPT TO STEAL ASSETS OF THE GLOBAL DEBT FACILITY ……………..